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indie Semiconductor, Inc.（INDI）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
Repay Holdings Corp的季度营收约是indie Semiconductor, Inc.的1.4倍（$78.6M vs $58.0M），indie Semiconductor, Inc.净利率更高（-53.8% vs -178.3%，领先124.5%），Repay Holdings Corp同比增速更快（0.4% vs -0.0%），Repay Holdings Corp自由现金流更多（$23.2M vs $-16.1M），过去两年indie Semiconductor, Inc.的营收复合增速更高（5.3% vs -1.3%）
indie Semiconductor是一家无晶圆厂半导体企业，专注于设计高性能混合信号及嵌入式片上系统解决方案，核心面向汽车领域，产品覆盖高级驾驶辅助、车载信息娱乐、车联网及电动汽车场景，服务全球汽车整车厂商及一级供应商。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
INDI vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.4倍
$58.0M
营收增速更快
RPAY
高出0.4%
-0.0%
净利率更高
INDI
高出124.5%
-178.3%
自由现金流更多
RPAY
多$39.3M
$-16.1M
两年增速更快
INDI
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.0M | $78.6M |
| 净利润 | $-31.2M | $-140.1M |
| 毛利率 | 37.3% | 74.2% |
| 营业利润率 | -58.5% | -182.2% |
| 净利率 | -53.8% | -178.3% |
| 营收同比 | -0.0% | 0.4% |
| 净利润同比 | 9.1% | -3304.1% |
| 每股收益（稀释后） | $-0.16 | $-1.68 |
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INDIRPAY
| Q4 25 | $58.0M | $78.6M | ||
| Q3 25 | $53.7M | $77.7M | ||
| Q2 25 | $51.6M | $75.6M | ||
| Q1 25 | $54.1M | $77.3M | ||
| Q4 24 | $58.0M | $78.3M | ||
| Q3 24 | $54.0M | $79.1M | ||
| Q2 24 | $52.4M | $74.9M | ||
| Q1 24 | $52.4M | $80.7M |
净利润INDIRPAY
| Q4 25 | $-31.2M | $-140.1M | ||
| Q3 25 | $-38.3M | $-6.4M | ||
| Q2 25 | $-39.0M | $-102.3M | ||
| Q1 25 | $-34.5M | $-7.9M | ||
| Q4 24 | $-34.4M | $-4.1M | ||
| Q3 24 | $-49.7M | $3.2M | ||
| Q2 24 | $-19.2M | $-4.1M | ||
| Q1 24 | $-31.2M | $-5.2M |
毛利率INDIRPAY
| Q4 25 | 37.3% | 74.2% | ||
| Q3 25 | 40.1% | 74.4% | ||
| Q2 25 | 40.6% | 75.7% | ||
| Q1 25 | 41.7% | 75.9% | ||
| Q4 24 | 42.6% | 76.3% | ||
| Q3 24 | 39.3% | 77.8% | ||
| Q2 24 | 42.2% | 78.2% | ||
| Q1 24 | 42.5% | 76.2% |
营业利润率INDIRPAY
| Q4 25 | -58.5% | -182.2% | ||
| Q3 25 | -71.4% | -3.9% | ||
| Q2 25 | -83.3% | -138.7% | ||
| Q1 25 | -72.0% | -4.7% | ||
| Q4 24 | -58.4% | -1.5% | ||
| Q3 24 | -92.5% | -0.9% | ||
| Q2 24 | -70.0% | -4.6% | ||
| Q1 24 | -94.8% | -3.1% |
净利率INDIRPAY
| Q4 25 | -53.8% | -178.3% | ||
| Q3 25 | -71.3% | -8.3% | ||
| Q2 25 | -75.6% | -135.2% | ||
| Q1 25 | -63.9% | -10.3% | ||
| Q4 24 | -59.2% | -5.3% | ||
| Q3 24 | -92.1% | 4.1% | ||
| Q2 24 | -36.6% | -5.4% | ||
| Q1 24 | -59.6% | -6.5% |
每股收益（稀释后）INDIRPAY
| Q4 25 | $-0.16 | $-1.68 | ||
| Q3 25 | $-0.19 | $-0.08 | ||
| Q2 25 | $-0.20 | $-1.15 | ||
| Q1 25 | $-0.18 | $-0.09 | ||
| Q4 24 | $-0.18 | $-0.04 | ||
| Q3 24 | $-0.28 | $0.03 | ||
| Q2 24 | $-0.11 | $-0.04 | ||
| Q1 24 | $-0.19 | $-0.06 |
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 | $145.5M | $115.7M |
| 总债务越低越好 | $353.4M | $280.1M |
| 股东权益账面价值 | $358.0M | $484.4M |
| 总资产 | $840.8M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.99× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资INDIRPAY
| Q4 25 | $145.5M | $115.7M | ||
| Q3 25 | $160.9M | $95.7M | ||
| Q2 25 | $192.6M | $162.6M | ||
| Q1 25 | $236.6M | $165.5M | ||
| Q4 24 | $274.2M | $189.5M | ||
| Q3 24 | $96.9M | $168.7M | ||
| Q2 24 | $112.3M | $147.1M | ||
| Q1 24 | $138.2M | $128.3M |
总债务INDIRPAY
| Q4 25 | $353.4M | $280.1M | ||
| Q3 25 | $353.5M | $279.5M | ||
| Q2 25 | $352.5M | $279.0M | ||
| Q1 25 | $379.0M | $497.6M | ||
| Q4 24 | $381.3M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益INDIRPAY
| Q4 25 | $358.0M | $484.4M | ||
| Q3 25 | $369.2M | $616.9M | ||
| Q2 25 | $390.4M | $633.7M | ||
| Q1 25 | $405.6M | $755.7M | ||
| Q4 24 | $417.9M | $761.3M | ||
| Q3 24 | $458.6M | $754.7M | ||
| Q2 24 | $470.7M | $815.4M | ||
| Q1 24 | $432.9M | $813.8M |
总资产INDIRPAY
| Q4 25 | $840.8M | $1.2B | ||
| Q3 25 | $855.1M | $1.3B | ||
| Q2 25 | $867.6M | $1.4B | ||
| Q1 25 | $909.0M | $1.5B | ||
| Q4 24 | $941.4M | $1.6B | ||
| Q3 24 | $797.5M | $1.6B | ||
| Q2 24 | $797.3M | $1.5B | ||
| Q1 24 | $803.6M | $1.5B |
负债/权益比INDIRPAY
| Q4 25 | 0.99× | 0.58× | ||
| Q3 25 | 0.96× | 0.45× | ||
| Q2 25 | 0.90× | 0.44× | ||
| Q1 25 | 0.93× | 0.66× | ||
| Q4 24 | 0.91× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $-14.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-16.1M | $23.2M |
| 自由现金流率自由现金流/营收 | -27.8% | 29.6% |
| 资本支出强度资本支出/营收 | 3.0% | 0.1% |
| 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 | $-71.4M | $90.7M |
8季度趋势，按日历期对齐
经营现金流INDIRPAY
| Q4 25 | $-14.4M | $23.3M | ||
| Q3 25 | $-6.2M | $32.2M | ||
| Q2 25 | $-7.6M | $33.1M | ||
| Q1 25 | $-29.0M | $2.5M | ||
| Q4 24 | $-6.7M | $34.3M | ||
| Q3 24 | $-22.8M | $60.1M | ||
| Q2 24 | $-19.7M | $31.0M | ||
| Q1 24 | $-9.3M | $24.8M |
自由现金流INDIRPAY
| Q4 25 | $-16.1M | $23.2M | ||
| Q3 25 | $-10.3M | $32.1M | ||
| Q2 25 | $-13.6M | $33.0M | ||
| Q1 25 | $-31.4M | $2.4M | ||
| Q4 24 | $-8.6M | $34.0M | ||
| Q3 24 | $-29.3M | $59.8M | ||
| Q2 24 | $-23.4M | $30.5M | ||
| Q1 24 | $-11.7M | $24.7M |
自由现金流率INDIRPAY
| Q4 25 | -27.8% | 29.6% | ||
| Q3 25 | -19.2% | 41.3% | ||
| Q2 25 | -26.4% | 43.6% | ||
| Q1 25 | -58.0% | 3.0% | ||
| Q4 24 | -14.8% | 43.5% | ||
| Q3 24 | -54.3% | 75.6% | ||
| Q2 24 | -44.7% | 40.7% | ||
| Q1 24 | -22.3% | 30.6% |
资本支出强度INDIRPAY
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | 7.8% | 0.2% | ||
| Q2 25 | 11.6% | 0.1% | ||
| Q1 25 | 4.4% | 0.2% | ||
| Q4 24 | 3.2% | 0.3% | ||
| Q3 24 | 12.1% | 0.3% | ||
| Q2 24 | 7.0% | 0.6% | ||
| Q1 24 | 4.4% | 0.1% |
现金转化率INDIRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
