vs
IREN Ltd（IREN）与Ribbon Communications Inc.（RBBN）财务数据对比。点击上方公司名可切换其他公司
IREN Ltd的季度营收约是Ribbon Communications Inc.的1.1倍（$184.7M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -84.1%，领先138.9%），IREN Ltd同比增速更快（59.0% vs -10.3%）
IREN Ltd是一家垂直整合的数据中心企业，依托可再生能源为比特币、人工智能等前沿领域发展提供算力支撑，旗下设施策略性布局于美国及加拿大境内可再生能源丰富、光纤网络完善的区域。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
IREN vs RBBN — 直观对比
营收规模更大
IREN
是对方的1.1倍
$162.6M
营收增速更快
IREN
高出69.3%
-10.3%
净利率更高
RBBN
高出138.9%
-84.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $184.7M | $162.6M |
| 净利润 | $-155.4M | $89.1M |
| 毛利率 | 64.4% | 42.9% |
| 营业利润率 | -63.0% | — |
| 净利率 | -84.1% | 54.8% |
| 营收同比 | 59.0% | -10.3% |
| 净利润同比 | -610.0% | — |
| 每股收益（稀释后） | $-0.52 | $0.50 |
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IRENRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $184.7M | $227.3M | ||
| Q3 25 | $240.3M | $215.4M | ||
| Q2 25 | — | $220.6M | ||
| Q1 25 | — | $181.3M | ||
| Q4 24 | $116.1M | $251.4M | ||
| Q3 24 | $52.8M | $210.2M | ||
| Q2 24 | — | $192.6M |
净利润IRENRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-155.4M | — | ||
| Q3 25 | $384.6M | $-12.1M | ||
| Q2 25 | — | $-11.1M | ||
| Q1 25 | — | $-26.2M | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-51.7M | $-13.4M | ||
| Q2 24 | — | $-16.8M |
毛利率IRENRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 64.4% | 53.3% | ||
| Q3 25 | 66.4% | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | 72.2% | 55.7% | ||
| Q3 24 | 39.6% | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | -63.0% | 4.1% | ||
| Q3 25 | -31.8% | 1.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -10.8% | ||
| Q4 24 | 14.9% | 13.2% | ||
| Q3 24 | -89.2% | -0.4% | ||
| Q2 24 | — | -1.0% |
净利率IRENRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -84.1% | — | ||
| Q3 25 | 160.1% | -5.6% | ||
| Q2 25 | — | -5.0% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | -18.8% | — | ||
| Q3 24 | -98.0% | -6.4% | ||
| Q2 24 | — | -8.7% |
每股收益（稀释后）IRENRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.52 | $0.50 | ||
| Q3 25 | $1.08 | $-0.07 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-0.10 | $0.05 | ||
| Q3 24 | $-0.27 | $-0.08 | ||
| Q2 24 | — | $-0.10 |
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 | $3.3B | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $419.1M |
| 总资产 | $7.0B | — |
| 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IRENRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $3.3B | $96.4M | ||
| Q3 25 | $1.0B | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | $427.3M | $87.8M | ||
| Q3 24 | $98.6M | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益IRENRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $2.5B | $449.0M | ||
| Q3 25 | $2.9B | $360.1M | ||
| Q2 25 | — | $370.4M | ||
| Q1 25 | — | $381.8M | ||
| Q4 24 | $1.2B | $404.6M | ||
| Q3 24 | $1.1B | $395.5M | ||
| Q2 24 | — | $405.0M |
总资产IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $7.0B | $1.2B | ||
| Q3 25 | $4.3B | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | — | $1.1B |
负债/权益比IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
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 | $71.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-468.0M | — |
| 自由现金流率自由现金流/营收 | -253.4% | — |
| 资本支出强度资本支出/营收 | 292.2% | — |
| 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 | $-701.2M | — |
8季度趋势，按日历期对齐
经营现金流IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $71.7M | $29.2M | ||
| Q3 25 | $142.4M | $26.5M | ||
| Q2 25 | — | $-795.0K | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | $53.6M | $61.8M | ||
| Q3 24 | $-3.9M | $-14.8M | ||
| Q2 24 | — | $-9.8M |
自由现金流IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-468.0M | $27.3M | ||
| Q3 25 | $-38.0M | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | $-85.5M | $53.8M | ||
| Q3 24 | $-109.7M | $-23.7M | ||
| Q2 24 | — | $-12.9M |
自由现金流率IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | -253.4% | 12.0% | ||
| Q3 25 | -15.8% | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | -73.6% | 21.4% | ||
| Q3 24 | -208.0% | -11.3% | ||
| Q2 24 | — | -6.7% |
资本支出强度IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | 292.2% | 0.9% | ||
| Q3 25 | 75.0% | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | 119.7% | 3.2% | ||
| Q3 24 | 200.6% | 4.2% | ||
| Q2 24 | — | 1.6% |
现金转化率IRENRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
