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IREN Ltd（IREN）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是IREN Ltd的1.1倍（$197.9M vs $184.7M），REPLIGEN CORP净利率更高（6.7% vs -84.1%，领先90.9%），IREN Ltd同比增速更快（59.0% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-468.0M）
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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
IREN vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.1倍
$184.7M
营收增速更快
IREN
高出45.4%
13.6%
净利率更高
RGEN
高出90.9%
-84.1%
自由现金流更多
RGEN
多$485.6M
$-468.0M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $184.7M | $197.9M |
| 净利润 | $-155.4M | $13.3M |
| 毛利率 | 64.4% | 52.5% |
| 营业利润率 | -63.0% | 9.0% |
| 净利率 | -84.1% | 6.7% |
| 营收同比 | 59.0% | 13.6% |
| 净利润同比 | -610.0% | 143.9% |
| 每股收益（稀释后） | $-0.52 | $0.24 |
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IRENRGEN
| Q4 25 | $184.7M | $197.9M | ||
| Q3 25 | $240.3M | $188.8M | ||
| Q2 25 | — | $182.4M | ||
| Q1 25 | — | $169.2M | ||
| Q4 24 | $116.1M | $174.1M | ||
| Q3 24 | $52.8M | $154.9M | ||
| Q2 24 | — | $154.1M | ||
| Q1 24 | $54.3M | $151.3M |
净利润IRENRGEN
| Q4 25 | $-155.4M | $13.3M | ||
| Q3 25 | $384.6M | $14.9M | ||
| Q2 25 | — | $14.9M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | $-21.9M | $-30.3M | ||
| Q3 24 | $-51.7M | $-654.0K | ||
| Q2 24 | — | $3.3M | ||
| Q1 24 | $8.6M | $2.1M |
毛利率IRENRGEN
| Q4 25 | 64.4% | 52.5% | ||
| Q3 25 | 66.4% | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | 72.2% | 26.1% | ||
| Q3 24 | 39.6% | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率IRENRGEN
| Q4 25 | -63.0% | 9.0% | ||
| Q3 25 | -31.8% | 8.9% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | 14.9% | -17.7% | ||
| Q3 24 | -89.2% | -5.1% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | 11.1% | 1.3% |
净利率IRENRGEN
| Q4 25 | -84.1% | 6.7% | ||
| Q3 25 | 160.1% | 7.9% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | -18.8% | -17.4% | ||
| Q3 24 | -98.0% | -0.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 15.9% | 1.4% |
每股收益（稀释后）IRENRGEN
| Q4 25 | $-0.52 | $0.24 | ||
| Q3 25 | $1.08 | $0.26 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | $-0.10 | $-0.55 | ||
| Q3 24 | $-0.27 | $-0.01 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | $0.00 | $0.04 |
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 | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $2.5B | $2.1B |
| 总资产 | $7.0B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资IRENRGEN
| Q4 25 | $3.3B | $767.6M | ||
| Q3 25 | $1.0B | $748.7M | ||
| Q2 25 | — | $708.9M | ||
| Q1 25 | — | $697.2M | ||
| Q4 24 | $427.3M | $757.4M | ||
| Q3 24 | $98.6M | $784.0M | ||
| Q2 24 | — | $809.1M | ||
| Q1 24 | $259.7M | $780.6M |
总债务IRENRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IRENRGEN
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.9B | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | $677.2M | $2.0B |
总资产IRENRGEN
| Q4 25 | $7.0B | $2.9B | ||
| Q3 25 | $4.3B | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | $723.6M | $2.8B |
负债/权益比IRENRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-468.0M | $17.6M |
| 自由现金流率自由现金流/营收 | -253.4% | 8.9% |
| 资本支出强度资本支出/营收 | 292.2% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-701.2M | $93.9M |
8季度趋势，按日历期对齐
经营现金流IRENRGEN
| Q4 25 | $71.7M | $25.7M | ||
| Q3 25 | $142.4M | $48.1M | ||
| Q2 25 | — | $28.6M | ||
| Q1 25 | — | $15.0M | ||
| Q4 24 | $53.6M | $39.2M | ||
| Q3 24 | $-3.9M | $49.3M | ||
| Q2 24 | — | $42.2M | ||
| Q1 24 | $-27.1M | $44.7M |
自由现金流IRENRGEN
| Q4 25 | $-468.0M | $17.6M | ||
| Q3 25 | $-38.0M | $43.4M | ||
| Q2 25 | — | $21.5M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | $-85.5M | $33.6M | ||
| Q3 24 | $-109.7M | $42.3M | ||
| Q2 24 | — | $37.4M | ||
| Q1 24 | $-108.3M | $36.4M |
自由现金流率IRENRGEN
| Q4 25 | -253.4% | 8.9% | ||
| Q3 25 | -15.8% | 23.0% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | -73.6% | 19.3% | ||
| Q3 24 | -208.0% | 27.3% | ||
| Q2 24 | — | 24.3% | ||
| Q1 24 | -199.4% | 24.0% |
资本支出强度IRENRGEN
| Q4 25 | 292.2% | 4.1% | ||
| Q3 25 | 75.0% | 2.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 119.7% | 3.2% | ||
| Q3 24 | 200.6% | 4.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 149.5% | 5.5% |
现金转化率IRENRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | 0.37× | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | -3.13× | 21.35× |
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% |
RGEN
暂无分部数据
