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IonQ, Inc.（IONQ）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IonQ, Inc.的1.3倍（$78.6M vs $61.9M），IonQ, Inc.净利率更高（1217.8% vs -178.3%，领先1396.0%），IonQ, Inc.同比增速更快（428.5% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-83.3M）
IonQ是总部位于美国马里兰州科利奇帕克的量子计算软硬件企业，专注研发通用型离子阱量子计算机及配套软件，可实现量子线路的生成、优化与执行，为多领域量子计算落地应用提供核心技术支持。
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。
IONQ vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$61.9M
营收增速更快
IONQ
高出428.1%
0.4%
净利率更高
IONQ
高出1396.0%
-178.3%
自由现金流更多
RPAY
多$106.5M
$-83.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $78.6M |
| 净利润 | $753.7M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -369.4% | -182.2% |
| 净利率 | 1217.8% | -178.3% |
| 营收同比 | 428.5% | 0.4% |
| 净利润同比 | 473.1% | -3304.1% |
| 每股收益（稀释后） | $2.60 | $-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IONQRPAY
| Q4 25 | $61.9M | $78.6M | ||
| Q3 25 | $39.9M | $77.7M | ||
| Q2 25 | $20.7M | $75.6M | ||
| Q1 25 | — | $77.3M | ||
| Q4 24 | $11.7M | $78.3M | ||
| Q3 24 | $12.4M | $79.1M | ||
| Q2 24 | $11.4M | $74.9M | ||
| Q1 24 | — | $80.7M |
净利润IONQRPAY
| Q4 25 | $753.7M | $-140.1M | ||
| Q3 25 | $-1.1B | $-6.4M | ||
| Q2 25 | $-176.8M | $-102.3M | ||
| Q1 25 | — | $-7.9M | ||
| Q4 24 | $-202.0M | $-4.1M | ||
| Q3 24 | $-52.5M | $3.2M | ||
| Q2 24 | $-37.6M | $-4.1M | ||
| Q1 24 | — | $-5.2M |
毛利率IONQRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率IONQRPAY
| Q4 25 | -369.4% | -182.2% | ||
| Q3 25 | -423.5% | -3.9% | ||
| Q2 25 | -776.0% | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | -661.9% | -1.5% | ||
| Q3 24 | -428.5% | -0.9% | ||
| Q2 24 | -430.0% | -4.6% | ||
| Q1 24 | — | -3.1% |
净利率IONQRPAY
| Q4 25 | 1217.8% | -178.3% | ||
| Q3 25 | -2646.3% | -8.3% | ||
| Q2 25 | -854.5% | -135.2% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | -1725.0% | -5.3% | ||
| Q3 24 | -423.4% | 4.1% | ||
| Q2 24 | -330.0% | -5.4% | ||
| Q1 24 | — | -6.5% |
每股收益（稀释后）IONQRPAY
| Q4 25 | $2.60 | $-1.68 | ||
| Q3 25 | $-3.58 | $-0.08 | ||
| Q2 25 | $-0.70 | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | $-0.95 | $-0.04 | ||
| Q3 24 | $-0.24 | $0.03 | ||
| Q2 24 | $-0.18 | $-0.04 | ||
| Q1 24 | — | $-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 | $2.4B | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $3.8B | $484.4M |
| 总资产 | $6.6B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资IONQRPAY
| Q4 25 | $2.4B | $115.7M | ||
| Q3 25 | $1.1B | $95.7M | ||
| Q2 25 | $546.9M | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | $340.3M | $189.5M | ||
| Q3 24 | $365.7M | $168.7M | ||
| Q2 24 | $369.8M | $147.1M | ||
| Q1 24 | — | $128.3M |
总债务IONQRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益IONQRPAY
| Q4 25 | $3.8B | $484.4M | ||
| Q3 25 | $2.3B | $616.9M | ||
| Q2 25 | $1.2B | $633.7M | ||
| Q1 25 | — | $755.7M | ||
| Q4 24 | $383.9M | $761.3M | ||
| Q3 24 | $435.7M | $754.7M | ||
| Q2 24 | $463.3M | $815.4M | ||
| Q1 24 | — | $813.8M |
总资产IONQRPAY
| Q4 25 | $6.6B | $1.2B | ||
| Q3 25 | $4.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $508.4M | $1.6B | ||
| Q3 24 | $497.9M | $1.6B | ||
| Q2 24 | $517.4M | $1.5B | ||
| Q1 24 | — | $1.5B |
负债/权益比IONQRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 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 | $-74.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | $23.2M |
| 自由现金流率自由现金流/营收 | -134.6% | 29.6% |
| 资本支出强度资本支出/营收 | 14.2% | 0.1% |
| 现金转化率经营现金流/净利润 | -0.10× | — |
| 过去12个月自由现金流最近4个季度 | $-307.3M | $90.7M |
8季度趋势，按日历期对齐
经营现金流IONQRPAY
| Q4 25 | $-74.5M | $23.3M | ||
| Q3 25 | $-123.1M | $32.2M | ||
| Q2 25 | $-52.6M | $33.1M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $-39.4M | $34.3M | ||
| Q3 24 | $-19.2M | $60.1M | ||
| Q2 24 | $-26.6M | $31.0M | ||
| Q1 24 | — | $24.8M |
自由现金流IONQRPAY
| Q4 25 | $-83.3M | $23.2M | ||
| Q3 25 | $-127.2M | $32.1M | ||
| Q2 25 | $-53.8M | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $-43.0M | $34.0M | ||
| Q3 24 | $-23.0M | $59.8M | ||
| Q2 24 | $-34.1M | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率IONQRPAY
| Q4 25 | -134.6% | 29.6% | ||
| Q3 25 | -319.1% | 41.3% | ||
| Q2 25 | -259.8% | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | -367.4% | 43.5% | ||
| Q3 24 | -185.3% | 75.6% | ||
| Q2 24 | -299.3% | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度IONQRPAY
| Q4 25 | 14.2% | 0.1% | ||
| Q3 25 | 10.4% | 0.2% | ||
| Q2 25 | 5.8% | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 30.7% | 0.3% | ||
| Q3 24 | 30.4% | 0.3% | ||
| Q2 24 | 65.8% | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率IONQRPAY
| Q4 25 | -0.10× | — | ||
| 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
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
