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Hyperscale Data, Inc.（GPUS）与KKR Real Estate Finance Trust Inc.（KREF）财务数据对比。点击上方公司名可切换其他公司
Hyperscale Data, Inc.的季度营收约是KKR Real Estate Finance Trust Inc.的1.0倍（$26.9M vs $25.8M），KKR Real Estate Finance Trust Inc.净利率更高（-101.7% vs -112.0%，领先10.2%），Hyperscale Data, Inc.同比增速更快（38.4% vs -26.6%），过去两年Hyperscale Data, Inc.的营收复合增速更高（-16.3% vs -18.8%）
Hyperscale Data, Inc.主要提供GPU加速计算基础设施及云解决方案，服务于AI开发、大数据处理、高性能计算领域，客户覆盖北美及亚太地区的AI初创企业、大型科技公司与云服务提供商，为复杂数据处理需求交付可扩展的高效计算资源。
KKR房地产金融信托公司是全球投资机构KKR旗下的专业房地产金融平台，主要发起、收购并管理优先担保商业地产贷款组合，抵押物多为美国各地的优质机构级商业地产，通过贷款利息收入为投资者提供稳定的经风险调整后的回报。
GPUS vs KREF — 直观对比
营收规模更大
GPUS
是对方的1.0倍
$25.8M
营收增速更快
GPUS
高出65.0%
-26.6%
净利率更高
KREF
高出10.2%
-112.0%
两年增速更快
GPUS
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $26.9M | $25.8M |
| 净利润 | $-30.1M | $-26.2M |
| 毛利率 | 14.5% | — |
| 营业利润率 | -117.8% | -105.1% |
| 净利率 | -112.0% | -101.7% |
| 营收同比 | 38.4% | -26.6% |
| 净利润同比 | -6670.3% | -229.6% |
| 每股收益（稀释后） | — | $-0.49 |
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GPUSKREF
| Q4 25 | $26.9M | $25.8M | ||
| Q3 25 | $24.3M | $25.3M | ||
| Q2 25 | $25.9M | $30.2M | ||
| Q1 25 | $25.0M | $31.3M | ||
| Q4 24 | $19.4M | $35.1M | ||
| Q3 24 | $31.1M | $37.0M | ||
| Q2 24 | $17.8M | $40.4M | ||
| Q1 24 | $38.4M | $39.1M |
净利润GPUSKREF
| Q4 25 | $-30.1M | $-26.2M | ||
| Q3 25 | $-13.0M | $13.8M | ||
| Q2 25 | $-19.1M | $-29.7M | ||
| Q1 25 | $-4.2M | $-4.9M | ||
| Q4 24 | $-445.0K | $20.3M | ||
| Q3 24 | $-25.5M | $-7.4M | ||
| Q2 24 | $-33.9M | $25.8M | ||
| Q1 24 | $3.7M | $-3.1M |
毛利率GPUSKREF
| Q4 25 | 14.5% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 27.5% | — | ||
| Q2 24 | -21.3% | — | ||
| Q1 24 | 47.4% | — |
营业利润率GPUSKREF
| Q4 25 | -117.8% | -105.1% | ||
| Q3 25 | -57.8% | 50.4% | ||
| Q2 25 | -39.2% | -101.3% | ||
| Q1 25 | -25.5% | -18.3% | ||
| Q4 24 | -46.8% | 55.8% | ||
| Q3 24 | -79.2% | -19.6% | ||
| Q2 24 | -151.4% | 63.3% | ||
| Q1 24 | 9.5% | -8.7% |
净利率GPUSKREF
| Q4 25 | -112.0% | -101.7% | ||
| Q3 25 | -53.5% | 54.4% | ||
| Q2 25 | -73.7% | -98.5% | ||
| Q1 25 | -16.8% | -15.5% | ||
| Q4 24 | -2.3% | 57.7% | ||
| Q3 24 | -82.3% | -20.0% | ||
| Q2 24 | -190.7% | 63.9% | ||
| Q1 24 | 9.7% | -7.9% |
每股收益（稀释后）GPUSKREF
| Q4 25 | — | $-0.49 | ||
| Q3 25 | $-0.39 | $0.12 | ||
| Q2 25 | $-2.66 | $-0.53 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-8.78 | $0.22 | ||
| Q3 24 | $-24.82 | $-0.19 | ||
| Q2 24 | $-37.81 | $0.29 | ||
| Q1 24 | $3.32 | $-0.13 |
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 | $13.1M | $84.6M |
| 总债务越低越好 | $83.1M | — |
| 股东权益账面价值 | $119.8M | $1.2B |
| 总资产 | $313.7M | $6.5B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资GPUSKREF
| Q4 25 | $13.1M | $84.6M | ||
| Q3 25 | $24.8M | $204.1M | ||
| Q2 25 | $5.9M | $107.7M | ||
| Q1 25 | $4.2M | $106.4M | ||
| Q4 24 | $4.5M | $104.9M | ||
| Q3 24 | $7.9M | $108.8M | ||
| Q2 24 | $9.6M | $107.2M | ||
| Q1 24 | $18.9M | $106.5M |
总债务GPUSKREF
| Q4 25 | $83.1M | — | ||
| Q3 25 | $80.0M | — | ||
| Q2 25 | $88.5M | — | ||
| Q1 25 | $92.8M | — | ||
| Q4 24 | $96.7M | — | ||
| Q3 24 | $104.8M | — | ||
| Q2 24 | $106.8M | — | ||
| Q1 24 | $30.0M | — |
股东权益GPUSKREF
| Q4 25 | $119.8M | $1.2B | ||
| Q3 25 | $55.9M | $1.2B | ||
| Q2 25 | $5.5M | $1.2B | ||
| Q1 25 | $6.3M | $1.3B | ||
| Q4 24 | $8.6M | $1.3B | ||
| Q3 24 | $2.7M | $1.4B | ||
| Q2 24 | $26.7M | $1.4B | ||
| Q1 24 | $59.0M | $1.4B |
总资产GPUSKREF
| Q4 25 | $313.7M | $6.5B | ||
| Q3 25 | $242.4M | $6.5B | ||
| Q2 25 | $213.5M | $6.8B | ||
| Q1 25 | $218.5M | $6.6B | ||
| Q4 24 | $220.8M | $6.4B | ||
| Q3 24 | $231.5M | $6.8B | ||
| Q2 24 | $270.8M | $7.1B | ||
| Q1 24 | $299.8M | $7.3B |
负债/权益比GPUSKREF
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 16.06× | — | ||
| Q1 25 | 14.71× | — | ||
| Q4 24 | 11.19× | — | ||
| Q3 24 | 38.41× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.51× | — |
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 | $-37.7M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $-56.2M | — |
| 自由现金流率自由现金流/营收 | -208.7% | — |
| 资本支出强度资本支出/营收 | 68.6% | — |
| 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 | $-87.1M | — |
8季度趋势，按日历期对齐
经营现金流GPUSKREF
| Q4 25 | $-37.7M | $72.3M | ||
| Q3 25 | $-17.8M | $18.5M | ||
| Q2 25 | $-3.1M | $21.1M | ||
| Q1 25 | $-4.0M | $15.9M | ||
| Q4 24 | $-9.2M | $132.6M | ||
| Q3 24 | $3.7M | $49.1M | ||
| Q2 24 | $-3.7M | $30.6M | ||
| Q1 24 | $-10.2M | $34.5M |
自由现金流GPUSKREF
| Q4 25 | $-56.2M | — | ||
| Q3 25 | $-20.6M | — | ||
| Q2 25 | $-3.5M | — | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | $-9.3M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $-5.9M | — | ||
| Q1 24 | $-11.6M | — |
自由现金流率GPUSKREF
| Q4 25 | -208.7% | — | ||
| Q3 25 | -84.5% | — | ||
| Q2 25 | -13.5% | — | ||
| Q1 25 | -27.3% | — | ||
| Q4 24 | -47.6% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | -33.4% | — | ||
| Q1 24 | -30.3% | — |
资本支出强度GPUSKREF
| Q4 25 | 68.6% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 3.7% | — |
现金转化率GPUSKREF
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | -2.75× | — |
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
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
KREF
暂无分部数据
