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eXp World Holdings, Inc.（EXPI）与Atlassian Corp（TEAM）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是eXp World Holdings, Inc.的1.5倍（$1.8B vs $1.2B），eXp World Holdings, Inc.净利率更高（-1.1% vs -5.5%，领先4.4%），Atlassian Corp同比增速更快（31.7% vs 8.5%），Atlassian Corp自由现金流更多（$561.3M vs $11.9M），过去两年Atlassian Corp的营收复合增速更高（22.6% vs 12.4%）
eXp World Holdings是全球云原生房地产服务提供商，运营eXp Realty经纪网络，依托沉浸式3D虚拟园区支持代理人协作与日常运营，业务覆盖全球20余个国家的住宅及商业地产市场，同时提供按揭贷款、产权保险、从业者职业培训等配套服务。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
EXPI vs TEAM — 直观对比
营收规模更大
TEAM
是对方的1.5倍
$1.2B
营收增速更快
TEAM
高出23.2%
8.5%
净利率更高
EXPI
高出4.4%
-5.5%
自由现金流更多
TEAM
多$549.4M
$11.9M
两年增速更快
TEAM
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.8B |
| 净利润 | $-12.9M | $-98.4M |
| 毛利率 | — | 85.3% |
| 营业利润率 | -1.1% | 11.6% |
| 净利率 | -1.1% | -5.5% |
| 营收同比 | 8.5% | 31.7% |
| 净利润同比 | -35.7% | -39.0% |
| 每股收益（稀释后） | $-0.08 | $-0.38 |
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EXPITEAM
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $954.9M | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.3B | — |
净利润EXPITEAM
| Q1 26 | — | $-98.4M | ||
| Q4 25 | $-12.9M | $-42.6M | ||
| Q3 25 | $3.5M | $-51.9M | ||
| Q2 25 | $-2.3M | $-23.9M | ||
| Q1 25 | $-11.0M | $-70.8M | ||
| Q4 24 | $-9.5M | $-38.2M | ||
| Q3 24 | $-8.5M | $-123.8M | ||
| Q2 24 | $12.4M | — |
毛利率EXPITEAM
| Q1 26 | — | 85.3% | ||
| Q4 25 | — | 85.0% | ||
| Q3 25 | — | 82.0% | ||
| Q2 25 | — | 83.1% | ||
| Q1 25 | — | 83.8% | ||
| Q4 24 | — | 82.7% | ||
| Q3 24 | 99.9% | 81.7% | ||
| Q2 24 | 99.9% | — |
营业利润率EXPITEAM
| Q1 26 | — | 11.6% | ||
| Q4 25 | -1.1% | -3.0% | ||
| Q3 25 | 0.3% | -6.7% | ||
| Q2 25 | -0.2% | -2.1% | ||
| Q1 25 | -1.1% | -0.9% | ||
| Q4 24 | -1.0% | -4.5% | ||
| Q3 24 | -0.7% | -2.7% | ||
| Q2 24 | 1.4% | — |
净利率EXPITEAM
| Q1 26 | — | -5.5% | ||
| Q4 25 | -1.1% | -2.7% | ||
| Q3 25 | 0.3% | -3.6% | ||
| Q2 25 | -0.2% | -1.7% | ||
| Q1 25 | -1.2% | -5.2% | ||
| Q4 24 | -0.9% | -3.0% | ||
| Q3 24 | -0.7% | -10.4% | ||
| Q2 24 | 1.0% | — |
每股收益（稀释后）EXPITEAM
| Q1 26 | — | $-0.38 | ||
| Q4 25 | $-0.08 | $-0.16 | ||
| Q3 25 | $0.02 | $-0.20 | ||
| Q2 25 | $-0.01 | $-0.08 | ||
| Q1 25 | $-0.07 | $-0.27 | ||
| Q4 24 | $-0.06 | $-0.15 | ||
| Q3 24 | $-0.06 | $-0.48 | ||
| Q2 24 | $0.08 | — |
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 | $124.2M | $1.1B |
| 总债务越低越好 | — | $989.1M |
| 股东权益账面价值 | $242.8M | $879.0M |
| 总资产 | $442.5M | $5.7B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资EXPITEAM
| Q1 26 | — | $1.1B | ||
| Q4 25 | $124.2M | $1.6B | ||
| Q3 25 | $112.8M | $2.8B | ||
| Q2 25 | $94.6M | $2.9B | ||
| Q1 25 | $115.7M | $3.0B | ||
| Q4 24 | $113.6M | $2.5B | ||
| Q3 24 | $130.4M | $2.2B | ||
| Q2 24 | $108.4M | — |
总债务EXPITEAM
| Q1 26 | — | $989.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXPITEAM
| Q1 26 | — | $879.0M | ||
| Q4 25 | $242.8M | $1.6B | ||
| Q3 25 | $235.3M | $1.4B | ||
| Q2 25 | $218.4M | $1.3B | ||
| Q1 25 | $212.0M | $1.4B | ||
| Q4 24 | $204.9M | $1.2B | ||
| Q3 24 | $211.1M | $1.0B | ||
| Q2 24 | $220.3M | — |
总资产EXPITEAM
| Q1 26 | — | $5.7B | ||
| Q4 25 | $442.5M | $6.2B | ||
| Q3 25 | $458.7M | $5.7B | ||
| Q2 25 | $481.2M | $6.0B | ||
| Q1 25 | $435.8M | $5.9B | ||
| Q4 24 | $390.7M | $5.4B | ||
| Q3 24 | $432.6M | $5.0B | ||
| Q2 24 | $457.4M | — |
负债/权益比EXPITEAM
| Q1 26 | — | 1.13× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $13.8M | $567.5M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $561.3M |
| 自由现金流率自由现金流/营收 | 1.0% | 31.4% |
| 资本支出强度资本支出/营收 | 0.2% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $109.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流EXPITEAM
| Q1 26 | — | $567.5M | ||
| Q4 25 | $13.8M | $177.8M | ||
| Q3 25 | $28.9M | $128.7M | ||
| Q2 25 | $36.1M | $375.3M | ||
| Q1 25 | $39.8M | $652.7M | ||
| Q4 24 | $13.7M | $351.9M | ||
| Q3 24 | $46.0M | $80.5M | ||
| Q2 24 | $71.1M | — |
自由现金流EXPITEAM
| Q1 26 | — | $561.3M | ||
| Q4 25 | $11.9M | $168.5M | ||
| Q3 25 | $26.6M | $114.6M | ||
| Q2 25 | $33.3M | $360.3M | ||
| Q1 25 | $37.3M | $638.3M | ||
| Q4 24 | $11.6M | $342.6M | ||
| Q3 24 | $44.4M | $74.3M | ||
| Q2 24 | $69.7M | — |
自由现金流率EXPITEAM
| Q1 26 | — | 31.4% | ||
| Q4 25 | 1.0% | 10.6% | ||
| Q3 25 | 2.0% | 8.0% | ||
| Q2 25 | 2.5% | 26.0% | ||
| Q1 25 | 3.9% | 47.0% | ||
| Q4 24 | 1.1% | 26.6% | ||
| Q3 24 | 3.6% | 6.3% | ||
| Q2 24 | 5.4% | — |
资本支出强度EXPITEAM
| Q1 26 | — | 0.3% | ||
| Q4 25 | 0.2% | 0.6% | ||
| Q3 25 | 0.2% | 1.0% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.1% | — |
现金转化率EXPITEAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EXPI
| North American Realty | $1.1B | 96% |
| International Realty | $42.2M | 4% |
TEAM
| Cloud | $1.1B | 63% |
| Data Center | $560.7M | 31% |
| Marketplace and other (1) | $93.8M | 5% |
