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HIVE Digital Technologies Ltd.（HIVE）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
再鼎医药的季度营收约是HIVE Digital Technologies Ltd.的1.4倍（$127.1M vs $93.1M），HIVE Digital Technologies Ltd.同比增速更快（218.6% vs 17.1%），过去两年HIVE Digital Technologies Ltd.的营收复合增速更高（102.2% vs 20.8%）
该企业是一家数字化转型与信息技术服务公司，总部位于宾夕法尼亚州匹兹堡，业务覆盖北美、中东、亚洲以及日本地区，为各行各业的企业客户提供专业的IT相关服务支持。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
HIVE vs ZLAB — 直观对比
营收规模更大
ZLAB
是对方的1.4倍
$93.1M
营收增速更快
HIVE
高出201.4%
17.1%
两年增速更快
HIVE
近两年复合增速
20.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.1M | $127.1M |
| 净利润 | $-91.3M | — |
| 毛利率 | -27.1% | 51.0% |
| 营业利润率 | — | -54.6% |
| 净利率 | -98.1% | — |
| 营收同比 | 218.6% | 17.1% |
| 净利润同比 | -234.0% | — |
| 每股收益（稀释后） | $-0.38 | $-0.05 |
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HIVEZLAB
| Q4 25 | $93.1M | $127.1M | ||
| Q3 25 | $87.3M | $115.4M | ||
| Q2 25 | $45.6M | $109.1M | ||
| Q1 25 | — | $105.7M | ||
| Q4 24 | $29.2M | $108.5M | ||
| Q3 24 | $22.6M | $101.8M | ||
| Q2 24 | $32.2M | $100.1M | ||
| Q1 24 | — | $87.1M |
净利润HIVEZLAB
| Q4 25 | $-91.3M | — | ||
| Q3 25 | $-15.8M | $-36.0M | ||
| Q2 25 | $35.0M | $-40.7M | ||
| Q1 25 | — | $-48.4M | ||
| Q4 24 | $68.2M | — | ||
| Q3 24 | $80.0K | $-41.7M | ||
| Q2 24 | $-18.3M | $-80.3M | ||
| Q1 24 | — | $-53.5M |
毛利率HIVEZLAB
| Q4 25 | -27.1% | 51.0% | ||
| Q3 25 | 4.7% | 59.5% | ||
| Q2 25 | -13.6% | 60.6% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | -43.7% | 61.5% | ||
| Q3 24 | -66.1% | 64.1% | ||
| Q2 24 | -7.4% | 64.9% | ||
| Q1 24 | — | 61.4% |
营业利润率HIVEZLAB
| Q4 25 | — | -54.6% | ||
| Q3 25 | — | -42.3% | ||
| Q2 25 | — | -50.3% | ||
| Q1 25 | — | -53.3% | ||
| Q4 24 | — | -62.6% | ||
| Q3 24 | — | -66.6% | ||
| Q2 24 | — | -76.0% | ||
| Q1 24 | — | -80.7% |
净利率HIVEZLAB
| Q4 25 | -98.1% | — | ||
| Q3 25 | -18.1% | -31.2% | ||
| Q2 25 | 76.8% | -37.3% | ||
| Q1 25 | — | -45.8% | ||
| Q4 24 | 233.2% | — | ||
| Q3 24 | 0.4% | -40.9% | ||
| Q2 24 | -56.7% | -80.2% | ||
| Q1 24 | — | -61.4% |
每股收益（稀释后）HIVEZLAB
| Q4 25 | $-0.38 | $-0.05 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $0.18 | $-0.04 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | $0.52 | $-0.09 | ||
| Q3 24 | $0.00 | $-0.04 | ||
| Q2 24 | $-0.17 | $-0.08 | ||
| Q1 24 | — | $-0.05 |
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 | — | $689.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $559.3M | $715.5M |
| 总资产 | $624.0M | $1.2B |
| 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HIVEZLAB
| Q4 25 | — | $689.6M | ||
| Q3 25 | — | $717.2M | ||
| Q2 25 | — | $732.2M | ||
| Q1 25 | — | $757.3M | ||
| Q4 24 | $40.5M | $779.7M | ||
| Q3 24 | $31.7M | $616.1M | ||
| Q2 24 | — | $630.0M | ||
| Q1 24 | — | $650.8M |
股东权益HIVEZLAB
| Q4 25 | $559.3M | $715.5M | ||
| Q3 25 | $624.6M | $759.9M | ||
| Q2 25 | $560.5M | $791.7M | ||
| Q1 25 | — | $810.8M | ||
| Q4 24 | $430.9M | $840.9M | ||
| Q3 24 | $275.5M | $667.7M | ||
| Q2 24 | $268.6M | $704.2M | ||
| Q1 24 | — | $762.2M |
总资产HIVEZLAB
| Q4 25 | $624.0M | $1.2B | ||
| Q3 25 | $693.0M | $1.2B | ||
| Q2 25 | $628.7M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $478.6M | $1.2B | ||
| Q3 24 | $334.7M | $985.3M | ||
| Q2 24 | — | $987.4M | ||
| Q1 24 | — | $988.4M |
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 | $46.0M | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-26.7M |
| 自由现金流率自由现金流/营收 | — | -21.0% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $-158.9M |
8季度趋势，按日历期对齐
经营现金流HIVEZLAB
| Q4 25 | $46.0M | $-26.0M | ||
| Q3 25 | $-10.6M | $-32.0M | ||
| Q2 25 | $10.2M | $-31.0M | ||
| Q1 25 | — | $-61.7M | ||
| Q4 24 | $-28.5M | $-55.8M | ||
| Q3 24 | $-2.2M | $-26.8M | ||
| Q2 24 | $-4.4M | $-42.2M | ||
| Q1 24 | — | $-90.1M |
自由现金流HIVEZLAB
| Q4 25 | — | $-26.7M | ||
| Q3 25 | — | $-35.0M | ||
| Q2 25 | — | $-33.9M | ||
| Q1 25 | — | $-63.2M | ||
| Q4 24 | $-55.5M | $-58.4M | ||
| Q3 24 | $-34.7M | $-28.2M | ||
| Q2 24 | — | $-42.9M | ||
| Q1 24 | — | $-91.1M |
自由现金流率HIVEZLAB
| Q4 25 | — | -21.0% | ||
| Q3 25 | — | -30.4% | ||
| Q2 25 | — | -31.1% | ||
| Q1 25 | — | -59.9% | ||
| Q4 24 | -189.9% | -53.8% | ||
| Q3 24 | -153.4% | -27.7% | ||
| Q2 24 | — | -42.9% | ||
| Q1 24 | — | -104.5% |
资本支出强度HIVEZLAB
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 92.5% | 2.4% | ||
| Q3 24 | 143.9% | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
现金转化率HIVEZLAB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.42× | — | ||
| Q3 24 | -26.94× | — | ||
| 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
HIVE
暂无分部数据
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
