vs
Hyperscale Data, Inc.（GPUS）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
Rumble Inc.的季度营收约是Hyperscale Data, Inc.的1.0倍（$27.1M vs $26.9M），Hyperscale Data, Inc.净利率更高（-112.0% vs -120.8%，领先8.8%），Hyperscale Data, Inc.同比增速更快（38.4% vs -10.5%），Rumble Inc.自由现金流更多（$-31.7M vs $-56.2M），过去两年Rumble Inc.的营收复合增速更高（15.2% vs -16.3%）
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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
GPUS vs RUM — 直观对比
营收规模更大
RUM
是对方的1.0倍
$26.9M
营收增速更快
GPUS
高出48.8%
-10.5%
净利率更高
GPUS
高出8.8%
-120.8%
自由现金流更多
RUM
多$24.4M
$-56.2M
两年增速更快
RUM
近两年复合增速
-16.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $26.9M | $27.1M |
| 净利润 | $-30.1M | $-32.7M |
| 毛利率 | 14.5% | 5.5% |
| 营业利润率 | -117.8% | -131.1% |
| 净利率 | -112.0% | -120.8% |
| 营收同比 | 38.4% | -10.5% |
| 净利润同比 | -6670.3% | 86.2% |
| 每股收益（稀释后） | — | $-0.13 |
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GPUSRUM
| Q4 25 | $26.9M | $27.1M | ||
| Q3 25 | $24.3M | $24.8M | ||
| Q2 25 | $25.9M | — | ||
| Q1 25 | $25.0M | $23.7M | ||
| Q4 24 | $19.4M | $30.2M | ||
| Q3 24 | $31.1M | $25.1M | ||
| Q2 24 | $17.8M | $22.5M | ||
| Q1 24 | $38.4M | $17.7M |
净利润GPUSRUM
| Q4 25 | $-30.1M | $-32.7M | ||
| Q3 25 | $-13.0M | $-16.3M | ||
| Q2 25 | $-19.1M | — | ||
| Q1 25 | $-4.2M | $-2.7M | ||
| Q4 24 | $-445.0K | $-236.8M | ||
| Q3 24 | $-25.5M | $-31.5M | ||
| Q2 24 | $-33.9M | $-26.8M | ||
| Q1 24 | $3.7M | $-43.3M |
毛利率GPUSRUM
| Q4 25 | 14.5% | 5.5% | ||
| Q3 25 | 25.8% | -1.8% | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 21.1% | -26.7% | ||
| Q4 24 | 6.5% | -14.2% | ||
| Q3 24 | 27.5% | -45.4% | ||
| Q2 24 | -21.3% | -58.8% | ||
| Q1 24 | 47.4% | -79.5% |
营业利润率GPUSRUM
| Q4 25 | -117.8% | -131.1% | ||
| Q3 25 | -57.8% | -113.6% | ||
| Q2 25 | -39.2% | — | ||
| Q1 25 | -25.5% | -153.5% | ||
| Q4 24 | -46.8% | -80.1% | ||
| Q3 24 | -79.2% | -131.0% | ||
| Q2 24 | -151.4% | -172.7% | ||
| Q1 24 | 9.5% | -197.4% |
净利率GPUSRUM
| Q4 25 | -112.0% | -120.8% | ||
| Q3 25 | -53.5% | -65.7% | ||
| Q2 25 | -73.7% | — | ||
| Q1 25 | -16.8% | -11.2% | ||
| Q4 24 | -2.3% | -783.2% | ||
| Q3 24 | -82.3% | -125.9% | ||
| Q2 24 | -190.7% | -119.2% | ||
| Q1 24 | 9.7% | -244.1% |
每股收益（稀释后）GPUSRUM
| Q4 25 | — | $-0.13 | ||
| Q3 25 | $-0.39 | $-0.06 | ||
| Q2 25 | $-2.66 | — | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | $-8.78 | $-1.17 | ||
| Q3 24 | $-24.82 | $-0.15 | ||
| Q2 24 | $-37.81 | $-0.13 | ||
| Q1 24 | $3.32 | $-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 | $13.1M | $237.9M |
| 总债务越低越好 | $83.1M | — |
| 股东权益账面价值 | $119.8M | $274.8M |
| 总资产 | $313.7M | $336.8M |
| 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GPUSRUM
| Q4 25 | $13.1M | $237.9M | ||
| Q3 25 | $24.8M | $269.8M | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $4.2M | $301.3M | ||
| Q4 24 | $4.5M | $114.0M | ||
| Q3 24 | $7.9M | $132.0M | ||
| Q2 24 | $9.6M | $154.2M | ||
| Q1 24 | $18.9M | $183.8M |
总债务GPUSRUM
| 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GPUSRUM
| Q4 25 | $119.8M | $274.8M | ||
| Q3 25 | $55.9M | $302.2M | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $6.3M | $339.6M | ||
| Q4 24 | $8.6M | $-63.1M | ||
| Q3 24 | $2.7M | $166.1M | ||
| Q2 24 | $26.7M | $192.7M | ||
| Q1 24 | $59.0M | $210.7M |
总资产GPUSRUM
| Q4 25 | $313.7M | $336.8M | ||
| Q3 25 | $242.4M | $367.2M | ||
| Q2 25 | $213.5M | — | ||
| Q1 25 | $218.5M | $391.1M | ||
| Q4 24 | $220.8M | $195.3M | ||
| Q3 24 | $231.5M | $217.2M | ||
| Q2 24 | $270.8M | $243.2M | ||
| Q1 24 | $299.8M | $263.0M |
负债/权益比GPUSRUM
| 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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $-56.2M | $-31.7M |
| 自由现金流率自由现金流/营收 | -208.7% | -117.2% |
| 资本支出强度资本支出/营收 | 68.6% | 8.5% |
| 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 | $-70.8M |
8季度趋势，按日历期对齐
经营现金流GPUSRUM
| Q4 25 | $-37.7M | $-29.4M | ||
| Q3 25 | $-17.8M | $-10.6M | ||
| Q2 25 | $-3.1M | — | ||
| Q1 25 | $-4.0M | $-14.5M | ||
| Q4 24 | $-9.2M | $-12.4M | ||
| Q3 24 | $3.7M | $-19.1M | ||
| Q2 24 | $-3.7M | $-21.7M | ||
| Q1 24 | $-10.2M | $-33.9M |
自由现金流GPUSRUM
| Q4 25 | $-56.2M | $-31.7M | ||
| Q3 25 | $-20.6M | $-12.0M | ||
| Q2 25 | $-3.5M | — | ||
| Q1 25 | $-6.8M | $-14.6M | ||
| Q4 24 | $-9.3M | $-12.4M | ||
| Q3 24 | $2.6M | $-19.9M | ||
| Q2 24 | $-5.9M | $-23.1M | ||
| Q1 24 | $-11.6M | $-34.3M |
自由现金流率GPUSRUM
| Q4 25 | -208.7% | -117.2% | ||
| Q3 25 | -84.5% | -48.6% | ||
| Q2 25 | -13.5% | — | ||
| Q1 25 | -27.3% | -61.7% | ||
| Q4 24 | -47.6% | -40.9% | ||
| Q3 24 | 8.4% | -79.5% | ||
| Q2 24 | -33.4% | -102.8% | ||
| Q1 24 | -30.3% | -193.3% |
资本支出强度GPUSRUM
| Q4 25 | 68.6% | 8.5% | ||
| Q3 25 | 11.5% | 5.7% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 11.5% | 0.6% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | 3.6% | 3.4% | ||
| Q2 24 | 12.6% | 6.1% | ||
| Q1 24 | 3.7% | 2.4% |
现金转化率GPUSRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
