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KALTURA INC（KLTR）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是KALTURA INC的1.6倍（$71.1M vs $45.5M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -1.3%，领先3.3%），KALTURA INC同比增速更快（-0.1% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $3.5M），过去两年KALTURA INC的营收复合增速更高（0.8% vs -4.7%）
Kaltura Inc是2006年成立、总部位于纽约的软件企业，业务覆盖多个核心领域：网络研讨会与虚拟活动、企业视频内容管理、在线视频平台、教育科技以及云电视软件，可提供视频门户、学习管理系统与内容管理系统扩展插件、虚拟活动与网络研讨会平台、电视流媒体应用等多款产品。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
KLTR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.6倍
$45.5M
营收增速更快
KLTR
高出1.7%
-1.8%
净利率更高
RMAX
高出3.3%
-1.3%
自由现金流更多
RMAX
多$30.0M
$3.5M
两年增速更快
KLTR
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.5M | $71.1M |
| 净利润 | $-575.0K | $1.4M |
| 毛利率 | 72.4% | — |
| 营业利润率 | 1.9% | 13.1% |
| 净利率 | -1.3% | 2.0% |
| 营收同比 | -0.1% | -1.8% |
| 净利润同比 | 91.3% | -75.2% |
| 每股收益（稀释后） | — | — |
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KLTRRMAX
| Q4 25 | $45.5M | $71.1M | ||
| Q3 25 | $43.9M | $73.2M | ||
| Q2 25 | $44.5M | $72.8M | ||
| Q1 25 | $47.0M | $74.5M | ||
| Q4 24 | $45.6M | $72.5M | ||
| Q3 24 | $44.3M | $78.5M | ||
| Q2 24 | $44.0M | $78.5M | ||
| Q1 24 | $44.8M | $78.3M |
净利润KLTRRMAX
| Q4 25 | $-575.0K | $1.4M | ||
| Q3 25 | $-2.6M | $4.0M | ||
| Q2 25 | $-7.8M | $4.7M | ||
| Q1 25 | $-1.1M | $-2.0M | ||
| Q4 24 | $-6.6M | $5.8M | ||
| Q3 24 | $-3.6M | $966.0K | ||
| Q2 24 | $-10.0M | $3.7M | ||
| Q1 24 | $-11.1M | $-3.4M |
毛利率KLTRRMAX
| Q4 25 | 72.4% | — | ||
| Q3 25 | 70.0% | — | ||
| Q2 25 | 70.2% | — | ||
| Q1 25 | 69.7% | — | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 66.7% | — | ||
| Q2 24 | 65.1% | — | ||
| Q1 24 | 63.9% | — |
营业利润率KLTRRMAX
| Q4 25 | 1.9% | 13.1% | ||
| Q3 25 | -3.4% | 25.0% | ||
| Q2 25 | -6.2% | 19.3% | ||
| Q1 25 | -3.4% | 7.2% | ||
| Q4 24 | -8.3% | 5.9% | ||
| Q3 24 | -10.1% | 19.4% | ||
| Q2 24 | -19.4% | 20.6% | ||
| Q1 24 | -16.3% | 5.8% |
净利率KLTRRMAX
| Q4 25 | -1.3% | 2.0% | ||
| Q3 25 | -6.0% | 5.4% | ||
| Q2 25 | -17.4% | 6.4% | ||
| Q1 25 | -2.4% | -2.6% | ||
| Q4 24 | -14.5% | 8.0% | ||
| Q3 24 | -8.1% | 1.2% | ||
| Q2 24 | -22.7% | 4.7% | ||
| Q1 24 | -24.8% | -4.3% |
每股收益（稀释后）KLTRRMAX
| Q4 25 | — | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | — | — |
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 | $51.9M | $118.7M |
| 总债务越低越好 | $29.3M | $432.2M |
| 股东权益账面价值 | $6.3M | $452.4M |
| 总资产 | $164.7M | $582.5M |
| 负债/权益比越低杠杆越低 | 4.63× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资KLTRRMAX
| Q4 25 | $51.9M | $118.7M | ||
| Q3 25 | $72.2M | $107.5M | ||
| Q2 25 | $71.2M | $94.3M | ||
| Q1 25 | $62.9M | $89.1M | ||
| Q4 24 | $81.3M | $96.6M | ||
| Q3 24 | $77.7M | $83.8M | ||
| Q2 24 | $68.3M | $66.1M | ||
| Q1 24 | $68.9M | $82.1M |
总债务KLTRRMAX
| Q4 25 | $29.3M | $432.2M | ||
| Q3 25 | $30.6M | $433.3M | ||
| Q2 25 | $31.3M | $434.4M | ||
| Q1 25 | $31.9M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | $33.3M | $437.2M | ||
| Q2 24 | $33.7M | $438.1M | ||
| Q1 24 | $34.1M | $439.0M |
股东权益KLTRRMAX
| Q4 25 | $6.3M | $452.4M | ||
| Q3 25 | $17.7M | $448.1M | ||
| Q2 25 | $17.0M | $442.4M | ||
| Q1 25 | $22.7M | $433.5M | ||
| Q4 24 | $24.4M | $429.5M | ||
| Q3 24 | $24.1M | $423.1M | ||
| Q2 24 | $23.5M | $418.4M | ||
| Q1 24 | $25.1M | $412.0M |
总资产KLTRRMAX
| Q4 25 | $164.7M | $582.5M | ||
| Q3 25 | $172.6M | $582.2M | ||
| Q2 25 | $169.4M | $574.8M | ||
| Q1 25 | $172.8M | $571.4M | ||
| Q4 24 | $181.3M | $581.6M | ||
| Q3 24 | $178.6M | $578.6M | ||
| Q2 24 | $171.3M | $571.4M | ||
| Q1 24 | $173.1M | $566.7M |
负债/权益比KLTRRMAX
| Q4 25 | 4.63× | 0.96× | ||
| Q3 25 | 1.73× | 0.97× | ||
| Q2 25 | 1.85× | 0.98× | ||
| Q1 25 | 1.41× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 1.38× | 1.03× | ||
| Q2 24 | 1.43× | 1.05× | ||
| Q1 24 | 1.36× | 1.07× |
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 | $3.6M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $3.5M | $33.5M |
| 自由现金流率自由现金流/营收 | 7.7% | 47.1% |
| 资本支出强度资本支出/营收 | 0.3% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $13.9M | $56.8M |
8季度趋势，按日历期对齐
经营现金流KLTRRMAX
| Q4 25 | $3.6M | $40.9M | ||
| Q3 25 | $9.3M | $17.7M | ||
| Q2 25 | $2.7M | $4.6M | ||
| Q1 25 | $-1.0M | $5.7M | ||
| Q4 24 | $4.3M | $59.7M | ||
| Q3 24 | $10.7M | $17.6M | ||
| Q2 24 | $-1.6M | $15.9M | ||
| Q1 24 | $-1.1M | $9.4M |
自由现金流KLTRRMAX
| Q4 25 | $3.5M | $33.5M | ||
| Q3 25 | $9.2M | $16.4M | ||
| Q2 25 | $2.5M | $2.9M | ||
| Q1 25 | $-1.3M | $4.0M | ||
| Q4 24 | $4.2M | $53.0M | ||
| Q3 24 | $10.6M | $16.3M | ||
| Q2 24 | $-1.8M | $14.0M | ||
| Q1 24 | $-1.2M | $6.8M |
自由现金流率KLTRRMAX
| Q4 25 | 7.7% | 47.1% | ||
| Q3 25 | 20.9% | 22.4% | ||
| Q2 25 | 5.7% | 4.0% | ||
| Q1 25 | -2.9% | 5.3% | ||
| Q4 24 | 9.2% | 73.2% | ||
| Q3 24 | 23.9% | 20.8% | ||
| Q2 24 | -4.2% | 17.8% | ||
| Q1 24 | -2.8% | 8.6% |
资本支出强度KLTRRMAX
| Q4 25 | 0.3% | 10.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | 0.2% | 9.1% | ||
| Q3 24 | 0.2% | 1.7% | ||
| Q2 24 | 0.5% | 2.4% | ||
| Q1 24 | 0.2% | 3.3% |
现金转化率KLTRRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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
KLTR
| Subscription | $42.7M | 94% |
| Professional Services | $2.9M | 6% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
