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飞汇（FLYW）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是飞汇的1.2倍（$188.3M vs $157.5M），BRC Group Holdings, Inc.净利率更高（47.9% vs 0.0%，领先47.9%），飞汇同比增速更快（34.0% vs -21.9%），过去两年飞汇的营收复合增速更高（17.5% vs -15.4%）
Flywire Corp（飞汇）是一家全球支付解决方案提供商，核心服务覆盖教育、医疗、旅游及B2B商务领域，提供安全跨境支付处理、货币兑换及支付流程优化工具，为全球多国的机构与付款人简化交易流程。
FLYW vs RILY — 直观对比
营收规模更大
RILY
是对方的1.2倍
$157.5M
营收增速更快
FLYW
高出55.9%
-21.9%
净利率更高
RILY
高出47.9%
0.0%
两年增速更快
FLYW
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.5M | $188.3M |
| 净利润 | $33.0K | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | -0.6% | 32.3% |
| 净利率 | 0.0% | 47.9% |
| 营收同比 | 34.0% | -21.9% |
| 净利润同比 | 100.2% | 1710.8% |
| 每股收益（稀释后） | $0.01 | $2.78 |
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FLYWRILY
| Q4 25 | $157.5M | $188.3M | ||
| Q3 25 | $200.1M | $215.3M | ||
| Q2 25 | $131.9M | $188.2M | ||
| Q1 25 | $133.5M | $197.2M | ||
| Q4 24 | $117.5M | $241.0M | ||
| Q3 24 | $156.8M | $225.5M | ||
| Q2 24 | $103.7M | $256.0M | ||
| Q1 24 | $114.1M | $263.4M |
净利润FLYWRILY
| Q4 25 | $33.0K | $90.3M | ||
| Q3 25 | $29.6M | $91.1M | ||
| Q2 25 | $-12.0M | $139.5M | ||
| Q1 25 | $-4.2M | $-10.0M | ||
| Q4 24 | $-15.9M | $-5.6M | ||
| Q3 24 | $38.9M | $-284.4M | ||
| Q2 24 | $-13.9M | $-433.6M | ||
| Q1 24 | $-6.2M | $-49.2M |
毛利率FLYWRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率FLYWRILY
| Q4 25 | -0.6% | 32.3% | ||
| Q3 25 | 16.1% | 30.4% | ||
| Q2 25 | -6.8% | 5.7% | ||
| Q1 25 | -8.2% | -31.2% | ||
| Q4 24 | -4.9% | -69.2% | ||
| Q3 24 | 12.9% | -36.4% | ||
| Q2 24 | -15.2% | -90.8% | ||
| Q1 24 | -5.2% | -6.1% |
净利率FLYWRILY
| Q4 25 | 0.0% | 47.9% | ||
| Q3 25 | 14.8% | 42.3% | ||
| Q2 25 | -9.1% | 74.1% | ||
| Q1 25 | -3.1% | -5.1% | ||
| Q4 24 | -13.5% | -2.3% | ||
| Q3 24 | 24.8% | -126.1% | ||
| Q2 24 | -13.4% | -169.4% | ||
| Q1 24 | -5.4% | -18.7% |
每股收益（稀释后）FLYWRILY
| Q4 25 | $0.01 | $2.78 | ||
| Q3 25 | $0.23 | $2.91 | ||
| Q2 25 | $-0.10 | $4.50 | ||
| Q1 25 | $-0.03 | $-0.39 | ||
| Q4 24 | $-0.12 | $-0.01 | ||
| Q3 24 | $0.30 | $-9.39 | ||
| Q2 24 | $-0.11 | $-14.35 | ||
| Q1 24 | $-0.05 | $-1.71 |
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 | $355.0M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $835.2M | $-171.5M |
| 总资产 | $1.3B | $1.7B |
| 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FLYWRILY
| Q4 25 | $355.0M | $226.6M | ||
| Q3 25 | $377.3M | $184.2M | ||
| Q2 25 | $274.2M | $267.4M | ||
| Q1 25 | $255.3M | $138.3M | ||
| Q4 24 | $611.1M | $146.9M | ||
| Q3 24 | $681.1M | $159.2M | ||
| Q2 24 | $571.0M | $236.9M | ||
| Q1 24 | $619.0M | $190.7M |
总债务FLYWRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | $15.0M | $1.3B | ||
| Q2 25 | $60.0M | $1.3B | ||
| Q1 25 | $60.0M | $1.4B | ||
| Q4 24 | $0 | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FLYWRILY
| Q4 25 | $835.2M | $-171.5M | ||
| Q3 25 | $829.1M | $-260.5M | ||
| Q2 25 | $792.4M | $-351.7M | ||
| Q1 25 | $784.3M | $-496.8M | ||
| Q4 24 | $814.8M | $-488.2M | ||
| Q3 24 | $843.2M | $-497.6M | ||
| Q2 24 | $802.6M | $-218.3M | ||
| Q1 24 | $-797.0M | $228.4M |
总资产FLYWRILY
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $998.7M | $3.2B | ||
| Q1 24 | $998.7M | $5.0B |
负债/权益比FLYWRILY
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $4.9M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $4.5M | — |
| 自由现金流率自由现金流/营收 | 2.9% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 148.06× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $98.8M | — |
8季度趋势，按日历期对齐
经营现金流FLYWRILY
| Q4 25 | $4.9M | $26.2M | ||
| Q3 25 | $150.1M | $-60.6M | ||
| Q2 25 | $24.1M | $-25.6M | ||
| Q1 25 | $-78.9M | $184.0K | ||
| Q4 24 | $-28.6M | $-2.7M | ||
| Q3 24 | $184.6M | $19.5M | ||
| Q2 24 | $-19.3M | $111.5M | ||
| Q1 24 | $-38.1M | $135.4M |
自由现金流FLYWRILY
| Q4 25 | $4.5M | — | ||
| Q3 25 | $149.9M | — | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $-79.1M | — | ||
| Q4 24 | $-28.7M | — | ||
| Q3 24 | $184.4M | — | ||
| Q2 24 | $-19.7M | — | ||
| Q1 24 | $-38.3M | — |
自由现金流率FLYWRILY
| Q4 25 | 2.9% | — | ||
| Q3 25 | 74.9% | — | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | -59.3% | — | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | 117.6% | — | ||
| Q2 24 | -19.0% | — | ||
| Q1 24 | -33.6% | — |
资本支出强度FLYWRILY
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FLYWRILY
| Q4 25 | 148.06× | 0.29× | ||
| Q3 25 | 5.07× | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
