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KALTURA INC（KLTR）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KALTURA INC的1.7倍（$78.6M vs $45.5M），KALTURA INC净利率更高（-1.3% vs -178.3%，领先177.0%），Repay Holdings Corp同比增速更快（0.4% vs -0.1%），Repay Holdings Corp自由现金流更多（$23.2M vs $3.5M），过去两年KALTURA INC的营收复合增速更高（0.8% vs -1.3%）
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。
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。
KLTR vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.7倍
$45.5M
营收增速更快
RPAY
高出0.5%
-0.1%
净利率更高
KLTR
高出177.0%
-178.3%
自由现金流更多
RPAY
多$19.7M
$3.5M
两年增速更快
KLTR
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.5M | $78.6M |
| 净利润 | $-575.0K | $-140.1M |
| 毛利率 | 72.4% | 74.2% |
| 营业利润率 | 1.9% | -182.2% |
| 净利率 | -1.3% | -178.3% |
| 营收同比 | -0.1% | 0.4% |
| 净利润同比 | 91.3% | -3304.1% |
| 每股收益（稀释后） | — | $-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KLTRRPAY
| Q4 25 | $45.5M | $78.6M | ||
| Q3 25 | $43.9M | $77.7M | ||
| Q2 25 | $44.5M | $75.6M | ||
| Q1 25 | $47.0M | $77.3M | ||
| Q4 24 | $45.6M | $78.3M | ||
| Q3 24 | $44.3M | $79.1M | ||
| Q2 24 | $44.0M | $74.9M | ||
| Q1 24 | $44.8M | $80.7M |
净利润KLTRRPAY
| Q4 25 | $-575.0K | $-140.1M | ||
| Q3 25 | $-2.6M | $-6.4M | ||
| Q2 25 | $-7.8M | $-102.3M | ||
| Q1 25 | $-1.1M | $-7.9M | ||
| Q4 24 | $-6.6M | $-4.1M | ||
| Q3 24 | $-3.6M | $3.2M | ||
| Q2 24 | $-10.0M | $-4.1M | ||
| Q1 24 | $-11.1M | $-5.2M |
毛利率KLTRRPAY
| Q4 25 | 72.4% | 74.2% | ||
| Q3 25 | 70.0% | 74.4% | ||
| Q2 25 | 70.2% | 75.7% | ||
| Q1 25 | 69.7% | 75.9% | ||
| Q4 24 | 70.8% | 76.3% | ||
| Q3 24 | 66.7% | 77.8% | ||
| Q2 24 | 65.1% | 78.2% | ||
| Q1 24 | 63.9% | 76.2% |
营业利润率KLTRRPAY
| Q4 25 | 1.9% | -182.2% | ||
| Q3 25 | -3.4% | -3.9% | ||
| Q2 25 | -6.2% | -138.7% | ||
| Q1 25 | -3.4% | -4.7% | ||
| Q4 24 | -8.3% | -1.5% | ||
| Q3 24 | -10.1% | -0.9% | ||
| Q2 24 | -19.4% | -4.6% | ||
| Q1 24 | -16.3% | -3.1% |
净利率KLTRRPAY
| Q4 25 | -1.3% | -178.3% | ||
| Q3 25 | -6.0% | -8.3% | ||
| Q2 25 | -17.4% | -135.2% | ||
| Q1 25 | -2.4% | -10.3% | ||
| Q4 24 | -14.5% | -5.3% | ||
| Q3 24 | -8.1% | 4.1% | ||
| Q2 24 | -22.7% | -5.4% | ||
| Q1 24 | -24.8% | -6.5% |
每股收益（稀释后）KLTRRPAY
| Q4 25 | — | $-1.68 | ||
| Q3 25 | $0.02 | $-0.08 | ||
| Q2 25 | $-0.05 | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | $0.02 | $0.03 | ||
| Q2 24 | $-0.07 | $-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 | $51.9M | $115.7M |
| 总债务越低越好 | $29.3M | $280.1M |
| 股东权益账面价值 | $6.3M | $484.4M |
| 总资产 | $164.7M | $1.2B |
| 负债/权益比越低杠杆越低 | 4.63× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资KLTRRPAY
| Q4 25 | $51.9M | $115.7M | ||
| Q3 25 | $72.2M | $95.7M | ||
| Q2 25 | $71.2M | $162.6M | ||
| Q1 25 | $62.9M | $165.5M | ||
| Q4 24 | $81.3M | $189.5M | ||
| Q3 24 | $77.7M | $168.7M | ||
| Q2 24 | $68.3M | $147.1M | ||
| Q1 24 | $68.9M | $128.3M |
总债务KLTRRPAY
| Q4 25 | $29.3M | $280.1M | ||
| Q3 25 | $30.6M | $279.5M | ||
| Q2 25 | $31.3M | $279.0M | ||
| Q1 25 | $31.9M | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | $33.3M | $496.2M | ||
| Q2 24 | $33.7M | $435.6M | ||
| Q1 24 | $34.1M | $434.9M |
股东权益KLTRRPAY
| Q4 25 | $6.3M | $484.4M | ||
| Q3 25 | $17.7M | $616.9M | ||
| Q2 25 | $17.0M | $633.7M | ||
| Q1 25 | $22.7M | $755.7M | ||
| Q4 24 | $24.4M | $761.3M | ||
| Q3 24 | $24.1M | $754.7M | ||
| Q2 24 | $23.5M | $815.4M | ||
| Q1 24 | $25.1M | $813.8M |
总资产KLTRRPAY
| Q4 25 | $164.7M | $1.2B | ||
| Q3 25 | $172.6M | $1.3B | ||
| Q2 25 | $169.4M | $1.4B | ||
| Q1 25 | $172.8M | $1.5B | ||
| Q4 24 | $181.3M | $1.6B | ||
| Q3 24 | $178.6M | $1.6B | ||
| Q2 24 | $171.3M | $1.5B | ||
| Q1 24 | $173.1M | $1.5B |
负债/权益比KLTRRPAY
| Q4 25 | 4.63× | 0.58× | ||
| Q3 25 | 1.73× | 0.45× | ||
| Q2 25 | 1.85× | 0.44× | ||
| Q1 25 | 1.41× | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 1.38× | 0.66× | ||
| Q2 24 | 1.43× | 0.53× | ||
| Q1 24 | 1.36× | 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 | $3.6M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $3.5M | $23.2M |
| 自由现金流率自由现金流/营收 | 7.7% | 29.6% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $13.9M | $90.7M |
8季度趋势，按日历期对齐
经营现金流KLTRRPAY
| Q4 25 | $3.6M | $23.3M | ||
| Q3 25 | $9.3M | $32.2M | ||
| Q2 25 | $2.7M | $33.1M | ||
| Q1 25 | $-1.0M | $2.5M | ||
| Q4 24 | $4.3M | $34.3M | ||
| Q3 24 | $10.7M | $60.1M | ||
| Q2 24 | $-1.6M | $31.0M | ||
| Q1 24 | $-1.1M | $24.8M |
自由现金流KLTRRPAY
| Q4 25 | $3.5M | $23.2M | ||
| Q3 25 | $9.2M | $32.1M | ||
| Q2 25 | $2.5M | $33.0M | ||
| Q1 25 | $-1.3M | $2.4M | ||
| Q4 24 | $4.2M | $34.0M | ||
| Q3 24 | $10.6M | $59.8M | ||
| Q2 24 | $-1.8M | $30.5M | ||
| Q1 24 | $-1.2M | $24.7M |
自由现金流率KLTRRPAY
| Q4 25 | 7.7% | 29.6% | ||
| Q3 25 | 20.9% | 41.3% | ||
| Q2 25 | 5.7% | 43.6% | ||
| Q1 25 | -2.9% | 3.0% | ||
| Q4 24 | 9.2% | 43.5% | ||
| Q3 24 | 23.9% | 75.6% | ||
| Q2 24 | -4.2% | 40.7% | ||
| Q1 24 | -2.8% | 30.6% |
资本支出强度KLTRRPAY
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.5% | 0.6% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率KLTRRPAY
| 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
KLTR
| Subscription | $42.7M | 94% |
| Professional Services | $2.9M | 6% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
