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弗雷斯特研究公司（FORR）与Talkspace, Inc.（TALK）财务数据对比。点击上方公司名可切换其他公司
弗雷斯特研究公司的季度营收约是Talkspace, Inc.的1.6倍（$101.1M vs $63.0M），Talkspace, Inc.净利率更高（7.6% vs -33.5%，领先41.1%），Talkspace, Inc.同比增速更快（29.3% vs -6.5%），过去两年Talkspace, Inc.的营收复合增速更高（17.8% vs 0.5%）
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
Talkspace, Inc.是一家提供线上与移动端心理咨询服务的美国企业，由奥伦·弗兰克与罗尼·弗兰克创立于2012年，总部位于纽约。公司依托网页与移动端平台，帮助用户对接具备执业资质的心理咨询师与精神科医师，支持文字、音频、视频消息沟通，部分场景还可提供实时视频咨询服务。
FORR vs TALK — 直观对比
营收规模更大
FORR
是对方的1.6倍
$63.0M
营收增速更快
TALK
高出35.8%
-6.5%
净利率更高
TALK
高出41.1%
-33.5%
两年增速更快
TALK
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $63.0M |
| 净利润 | $-33.9M | $4.8M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 6.1% |
| 净利率 | -33.5% | 7.6% |
| 营收同比 | -6.5% | 29.3% |
| 净利润同比 | -7941.4% | 292.5% |
| 每股收益（稀释后） | $-1.75 | — |
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FORRTALK
| Q4 25 | $101.1M | $63.0M | ||
| Q3 25 | $94.3M | $59.4M | ||
| Q2 25 | $111.7M | $54.3M | ||
| Q1 25 | $89.9M | $52.2M | ||
| Q4 24 | $108.0M | $48.7M | ||
| Q3 24 | $102.5M | $47.4M | ||
| Q2 24 | $121.8M | $46.1M | ||
| Q1 24 | $100.1M | $45.4M |
净利润FORRTALK
| Q4 25 | $-33.9M | $4.8M | ||
| Q3 25 | $-2.1M | $3.3M | ||
| Q2 25 | $3.9M | $-541.0K | ||
| Q1 25 | $-87.3M | $318.0K | ||
| Q4 24 | $432.0K | $1.2M | ||
| Q3 24 | $-5.8M | $1.9M | ||
| Q2 24 | $6.3M | $-474.0K | ||
| Q1 24 | $-6.7M | $-1.5M |
毛利率FORRTALK
| Q4 25 | 56.7% | — | ||
| Q3 25 | 60.0% | — | ||
| Q2 25 | 55.5% | — | ||
| Q1 25 | 55.9% | 44.6% | ||
| Q4 24 | 58.8% | 44.2% | ||
| Q3 24 | 60.5% | 45.6% | ||
| Q2 24 | 57.3% | 45.5% | ||
| Q1 24 | 54.9% | 47.8% |
营业利润率FORRTALK
| Q4 25 | -36.6% | 6.1% | ||
| Q3 25 | 4.7% | 3.7% | ||
| Q2 25 | 6.2% | -3.3% | ||
| Q1 25 | -97.5% | -2.1% | ||
| Q4 24 | -0.5% | 1.2% | ||
| Q3 24 | -0.7% | 0.2% | ||
| Q2 24 | 9.3% | -7.6% | ||
| Q1 24 | -9.3% | -3.7% |
净利率FORRTALK
| Q4 25 | -33.5% | 7.6% | ||
| Q3 25 | -2.3% | 5.5% | ||
| Q2 25 | 3.5% | -1.0% | ||
| Q1 25 | -97.1% | 0.6% | ||
| Q4 24 | 0.4% | 2.5% | ||
| Q3 24 | -5.7% | 4.0% | ||
| Q2 24 | 5.2% | -1.0% | ||
| Q1 24 | -6.7% | -3.2% |
每股收益（稀释后）FORRTALK
| Q4 25 | $-1.75 | — | ||
| Q3 25 | $-0.11 | $0.02 | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $-4.62 | $0.00 | ||
| Q4 24 | $0.02 | $0.01 | ||
| Q3 24 | $-0.30 | $0.01 | ||
| Q2 24 | $0.33 | $0.00 | ||
| Q1 24 | $-0.35 | $-0.01 |
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 | $63.3M | $37.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $117.0M |
| 总资产 | $404.0M | $134.9M |
| 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FORRTALK
| Q4 25 | $63.3M | $37.4M | ||
| Q3 25 | $65.1M | $39.5M | ||
| Q2 25 | $67.8M | $54.3M | ||
| Q1 25 | $75.6M | $60.1M | ||
| Q4 24 | $56.1M | $76.7M | ||
| Q3 24 | $62.8M | $119.0M | ||
| Q2 24 | $58.9M | $114.9M | ||
| Q1 24 | $61.4M | $120.3M |
股东权益FORRTALK
| Q4 25 | $126.5M | $117.0M | ||
| Q3 25 | $157.7M | $109.1M | ||
| Q2 25 | $159.5M | $112.9M | ||
| Q1 25 | $147.4M | $113.4M | ||
| Q4 24 | $229.5M | $117.4M | ||
| Q3 24 | $234.3M | $117.6M | ||
| Q2 24 | $237.1M | $114.0M | ||
| Q1 24 | $230.9M | $119.6M |
总资产FORRTALK
| Q4 25 | $404.0M | $134.9M | ||
| Q3 25 | $414.2M | $129.1M | ||
| Q2 25 | $436.0M | $132.8M | ||
| Q1 25 | $439.8M | $134.2M | ||
| Q4 24 | $503.9M | $138.7M | ||
| Q3 24 | $505.3M | $138.2M | ||
| Q2 24 | $524.2M | $133.8M | ||
| Q1 24 | $555.7M | $138.3M |
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 | $-3.2M | $5.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | — |
| 自由现金流率自由现金流/营收 | -4.2% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $18.1M | — |
8季度趋势，按日历期对齐
经营现金流FORRTALK
| Q4 25 | $-3.2M | $5.4M | ||
| Q3 25 | $1.2M | $4.7M | ||
| Q2 25 | $-3.6M | $-351.0K | ||
| Q1 25 | $26.7M | $-1.2M | ||
| Q4 24 | $-1.8M | $3.7M | ||
| Q3 24 | $264.0K | $6.2M | ||
| Q2 24 | $-2.9M | $4.8M | ||
| Q1 24 | $611.0K | $-3.4M |
自由现金流FORRTALK
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | — | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-223.0K | — | ||
| Q2 24 | $-3.7M | $4.5M | ||
| Q1 24 | $-815.0K | $-3.8M |
自由现金流率FORRTALK
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | -3.8% | — | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -3.1% | 9.7% | ||
| Q1 24 | -0.8% | -8.3% |
资本支出强度FORRTALK
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 1.4% | 0.8% |
现金转化率FORRTALK
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | -0.93× | — | ||
| Q1 25 | — | -3.90× | ||
| Q4 24 | -4.24× | 3.02× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | -0.46× | — | ||
| 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
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
TALK
| Payor Revenue | $47.7M | 76% |
| Dte Revenue | $11.6M | 18% |
| Consumer | $3.7M | 6% |
