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KORE Group Holdings, Inc.（KORE）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KORE Group Holdings, Inc.的1.1倍（$78.6M vs $73.9M），KORE Group Holdings, Inc.净利率更高（-25.0% vs -178.3%，领先153.3%），KORE Group Holdings, Inc.同比增速更快（0.7% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $9.4M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -1.4%）
KORE Wireless是一家上市物联网连接服务商，提供物联网连接、托管服务及相关解决方案，业务覆盖医疗健康、物流、车队管理、公用事业、工业自动化等多个领域，目前在全球拥有超过2000万活跃连接数。
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。
KORE vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.1倍
$73.9M
营收增速更快
KORE
高出0.3%
0.4%
净利率更高
KORE
高出153.3%
-178.3%
自由现金流更多
RPAY
多$13.9M
$9.4M
两年增速更快
RPAY
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $73.9M | $78.6M |
| 净利润 | $-18.5M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -0.8% | -182.2% |
| 净利率 | -25.0% | -178.3% |
| 营收同比 | 0.7% | 0.4% |
| 净利润同比 | 27.4% | -3304.1% |
| 每股收益（稀释后） | $-0.92 | $-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KORERPAY
| Q4 25 | $73.9M | $78.6M | ||
| Q3 25 | $68.7M | $77.7M | ||
| Q2 25 | $71.3M | $75.6M | ||
| Q1 25 | $72.1M | $77.3M | ||
| Q4 24 | $73.3M | $78.3M | ||
| Q3 24 | $68.9M | $79.1M | ||
| Q2 24 | $67.9M | $74.9M | ||
| Q1 24 | $76.0M | $80.7M |
净利润KORERPAY
| Q4 25 | $-18.5M | $-140.1M | ||
| Q3 25 | $-12.7M | $-6.4M | ||
| Q2 25 | $-16.9M | $-102.3M | ||
| Q1 25 | $-14.9M | $-7.9M | ||
| Q4 24 | $-25.4M | $-4.1M | ||
| Q3 24 | $-19.4M | $3.2M | ||
| Q2 24 | $-83.6M | $-4.1M | ||
| Q1 24 | $-17.6M | $-5.2M |
毛利率KORERPAY
| 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KORERPAY
| Q4 25 | -0.8% | -182.2% | ||
| Q3 25 | -6.1% | -3.9% | ||
| Q2 25 | -7.3% | -138.7% | ||
| Q1 25 | -3.4% | -4.7% | ||
| Q4 24 | -17.8% | -1.5% | ||
| Q3 24 | -8.2% | -0.9% | ||
| Q2 24 | -113.0% | -4.6% | ||
| Q1 24 | -9.7% | -3.1% |
净利率KORERPAY
| Q4 25 | -25.0% | -178.3% | ||
| Q3 25 | -18.5% | -8.3% | ||
| Q2 25 | -23.7% | -135.2% | ||
| Q1 25 | -20.7% | -10.3% | ||
| Q4 24 | -34.7% | -5.3% | ||
| Q3 24 | -28.2% | 4.1% | ||
| Q2 24 | -123.2% | -5.4% | ||
| Q1 24 | -23.1% | -6.5% |
每股收益（稀释后）KORERPAY
| Q4 25 | $-0.92 | $-1.68 | ||
| Q3 25 | $-0.64 | $-0.08 | ||
| Q2 25 | $-0.86 | $-1.15 | ||
| Q1 25 | $-0.77 | $-0.09 | ||
| Q4 24 | $-1.29 | $-0.04 | ||
| Q3 24 | $-1.00 | $0.03 | ||
| Q2 24 | $-4.37 | $-0.04 | ||
| Q1 24 | $-0.93 | $-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 | $26.7M | $115.7M |
| 总债务越低越好 | $301.3M | $280.1M |
| 股东权益账面价值 | $-163.8M | $484.4M |
| 总资产 | $410.5M | $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KORERPAY
| Q4 25 | $26.7M | $115.7M | ||
| Q3 25 | $19.3M | $95.7M | ||
| Q2 25 | $21.0M | $162.6M | ||
| Q1 25 | $19.7M | $165.5M | ||
| Q4 24 | $19.4M | $189.5M | ||
| Q3 24 | $18.6M | $168.7M | ||
| Q2 24 | $22.3M | $147.1M | ||
| Q1 24 | $23.0M | $128.3M |
总债务KORERPAY
| Q4 25 | $301.3M | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $303.1M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益KORERPAY
| Q4 25 | $-163.8M | $484.4M | ||
| Q3 25 | $-145.7M | $616.9M | ||
| Q2 25 | $-133.5M | $633.7M | ||
| Q1 25 | $-114.9M | $755.7M | ||
| Q4 24 | $-99.6M | $761.3M | ||
| Q3 24 | $-77.2M | $754.7M | ||
| Q2 24 | $-57.2M | $815.4M | ||
| Q1 24 | $22.3M | $813.8M |
总资产KORERPAY
| Q4 25 | $410.5M | $1.2B | ||
| Q3 25 | $423.4M | $1.3B | ||
| Q2 25 | $432.9M | $1.4B | ||
| Q1 25 | $445.1M | $1.5B | ||
| Q4 24 | $455.8M | $1.6B | ||
| Q3 24 | $473.9M | $1.6B | ||
| Q2 24 | $487.7M | $1.5B | ||
| Q1 24 | $576.6M | $1.5B |
负债/权益比KORERPAY
| 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 | $10.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $9.4M | $23.2M |
| 自由现金流率自由现金流/营收 | 12.7% | 29.6% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $15.8M | $90.7M |
8季度趋势，按日历期对齐
经营现金流KORERPAY
| Q4 25 | $10.4M | $23.3M | ||
| Q3 25 | $1.1M | $32.2M | ||
| Q2 25 | $4.1M | $33.1M | ||
| Q1 25 | $2.9M | $2.5M | ||
| Q4 24 | $2.1M | $34.3M | ||
| Q3 24 | $1.2M | $60.1M | ||
| Q2 24 | $4.0M | $31.0M | ||
| Q1 24 | $1.9M | $24.8M |
自由现金流KORERPAY
| Q4 25 | $9.4M | $23.2M | ||
| Q3 25 | $879.0K | $32.1M | ||
| Q2 25 | $2.8M | $33.0M | ||
| Q1 25 | $2.7M | $2.4M | ||
| Q4 24 | $2.0M | $34.0M | ||
| Q3 24 | $973.0K | $59.8M | ||
| Q2 24 | $3.1M | $30.5M | ||
| Q1 24 | $1.0M | $24.7M |
自由现金流率KORERPAY
| Q4 25 | 12.7% | 29.6% | ||
| Q3 25 | 1.3% | 41.3% | ||
| Q2 25 | 4.0% | 43.6% | ||
| Q1 25 | 3.8% | 3.0% | ||
| Q4 24 | 2.7% | 43.5% | ||
| Q3 24 | 1.4% | 75.6% | ||
| Q2 24 | 4.6% | 40.7% | ||
| Q1 24 | 1.4% | 30.6% |
资本支出强度KORERPAY
| Q4 25 | 1.5% | 0.1% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.3% | 0.3% | ||
| Q2 24 | 1.3% | 0.6% | ||
| Q1 24 | 1.2% | 0.1% |
现金转化率KORERPAY
| 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
KORE
| Io T Connectivity And Solutions Services | $55.9M | 76% |
| Hardware Sales | $15.4M | 21% |
| Deployment Services Professional Services Referral Services And Other | $2.5M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
