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Expensify, Inc.（EXFY）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
Expensify, Inc.的季度营收约是REDWOOD TRUST INC的1.4倍（$35.2M vs $25.9M），Expensify, Inc.同比增速更快（-4.9% vs -6.1%），过去两年Expensify, Inc.的营收复合增速更高（2.4% vs -41.0%）
Expensify Inc.是一家软件服务企业，主打面向个人与企业用户开发费用管理系统，助力用户便捷高效地完成费用报销、账单统计等工作，此外该公司还推出了名为Expensify Card的商务信用卡产品。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
EXFY vs RWT — 直观对比
营收规模更大
EXFY
是对方的1.4倍
$25.9M
营收增速更快
EXFY
高出1.2%
-6.1%
两年增速更快
EXFY
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $35.2M | $25.9M |
| 净利润 | — | $20.0M |
| 毛利率 | 49.2% | — |
| 营业利润率 | -11.2% | — |
| 净利率 | — | 77.2% |
| 营收同比 | -4.9% | -6.1% |
| 净利润同比 | — | 402.6% |
| 每股收益（稀释后） | $-0.07 | $0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EXFYRWT
| Q4 25 | $35.2M | $25.9M | ||
| Q3 25 | $35.1M | $15.0M | ||
| Q2 25 | $35.8M | $13.8M | ||
| Q1 25 | $36.1M | $27.9M | ||
| Q4 24 | $37.0M | $27.6M | ||
| Q3 24 | $35.4M | $25.5M | ||
| Q2 24 | $33.3M | $67.4M | ||
| Q1 24 | $33.5M | $74.5M |
净利润EXFYRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | $-2.3M | $-7.7M | ||
| Q2 25 | $-8.8M | $-98.5M | ||
| Q1 25 | $-3.2M | $16.1M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | $-2.2M | $14.8M | ||
| Q2 24 | $-2.8M | $15.5M | ||
| Q1 24 | $-3.8M | $30.3M |
毛利率EXFYRWT
| Q4 25 | 49.2% | — | ||
| Q3 25 | 49.6% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 51.0% | — | ||
| Q3 24 | 51.6% | — | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.5% | — |
营业利润率EXFYRWT
| Q4 25 | -11.2% | — | ||
| Q3 25 | -6.4% | -9.0% | ||
| Q2 25 | -28.9% | -679.0% | ||
| Q1 25 | -4.1% | 80.2% | ||
| Q4 24 | 1.3% | -1.3% | ||
| Q3 24 | 0.8% | 86.1% | ||
| Q2 24 | 0.7% | 30.3% | ||
| Q1 24 | -5.3% | 41.3% |
净利率EXFYRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | -6.6% | -51.4% | ||
| Q2 25 | -24.6% | -712.0% | ||
| Q1 25 | -8.8% | 57.8% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | -6.2% | 58.1% | ||
| Q2 24 | -8.3% | 23.0% | ||
| Q1 24 | -11.3% | 40.6% |
每股收益（稀释后）EXFYRWT
| Q4 25 | $-0.07 | $0.11 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $-0.10 | $-0.76 | ||
| Q1 25 | $-0.03 | $0.10 | ||
| Q4 24 | $-0.03 | $-0.08 | ||
| Q3 24 | $-0.02 | $0.09 | ||
| Q2 24 | $-0.03 | $0.10 | ||
| Q1 24 | $-0.04 | $0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $63.1M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $132.7M | $982.6M |
| 总资产 | $186.0M | $23.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EXFYRWT
| Q4 25 | $63.1M | $255.7M | ||
| Q3 25 | $61.5M | $226.3M | ||
| Q2 25 | $60.5M | $302.0M | ||
| Q1 25 | $59.6M | $259.9M | ||
| Q4 24 | $48.8M | $245.2M | ||
| Q3 24 | $39.2M | $253.7M | ||
| Q2 24 | $53.2M | $275.6M | ||
| Q1 24 | $49.3M | $275.4M |
总债务EXFYRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益EXFYRWT
| Q4 25 | $132.7M | $982.6M | ||
| Q3 25 | $135.7M | $999.0M | ||
| Q2 25 | $131.8M | $1.1B | ||
| Q1 25 | $134.7M | $1.2B | ||
| Q4 24 | $128.2M | $1.2B | ||
| Q3 24 | $119.9M | $1.2B | ||
| Q2 24 | $114.0M | $1.2B | ||
| Q1 24 | $106.5M | $1.2B |
总资产EXFYRWT
| Q4 25 | $186.0M | $23.7B | ||
| Q3 25 | $186.8M | $22.6B | ||
| Q2 25 | $187.1M | $21.3B | ||
| Q1 25 | $189.2M | $19.9B | ||
| Q4 24 | $173.7M | $18.3B | ||
| Q3 24 | $176.2M | $18.4B | ||
| Q2 24 | $192.9M | $16.5B | ||
| Q1 24 | $184.8M | $15.1B |
负债/权益比EXFYRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.2M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流EXFYRWT
| Q4 25 | $2.2M | $-10.1B | ||
| Q3 25 | $4.2M | $-2.7B | ||
| Q2 25 | $8.9M | $-2.1B | ||
| Q1 25 | $4.8M | $-2.0B | ||
| Q4 24 | $7.4M | $-5.9B | ||
| Q3 24 | $3.7M | $-2.1B | ||
| Q2 24 | $9.3M | $-2.0B | ||
| Q1 24 | $3.5M | $-954.2M |
资本支出强度EXFYRWT
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
现金转化率EXFYRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
