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Lemonade, Inc.（LMND）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是Lemonade, Inc.的1.8倍（$411.1M vs $228.1M），UiPath, Inc.净利率更高（48.4% vs -9.5%，领先57.9%），Lemonade, Inc.同比增速更快（53.3% vs 15.9%），UiPath, Inc.自由现金流更多（$25.1M vs $-25.9M），过去两年Lemonade, Inc.的营收复合增速更高（38.4% vs 0.7%）
Lemonade, Inc.是一家总部位于美国纽约的保险公司，在美国市场提供租客险、房屋险、车险、宠物险及定期寿险，在德国、荷兰推出财产及责任保险，法国市场提供租客险，当前拥有约290万用户，采用人工智能及聊天机器人替代人工处理理赔申请。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
LMND vs PATH — 直观对比
营收规模更大
PATH
是对方的1.8倍
$228.1M
营收增速更快
LMND
高出37.4%
15.9%
净利率更高
PATH
高出57.9%
-9.5%
自由现金流更多
PATH
多$51.0M
$-25.9M
两年增速更快
LMND
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $228.1M | $411.1M |
| 净利润 | $-21.7M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | -9.0% | 3.2% |
| 净利率 | -9.5% | 48.4% |
| 营收同比 | 53.3% | 15.9% |
| 净利润同比 | 27.7% | 1966.2% |
| 每股收益（稀释后） | $-0.27 | $0.37 |
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LMNDPATH
| Q4 25 | $228.1M | $411.1M | ||
| Q3 25 | $194.5M | $361.7M | ||
| Q2 25 | $164.1M | $356.6M | ||
| Q1 25 | $151.2M | $423.6M | ||
| Q4 24 | $148.8M | $354.7M | ||
| Q3 24 | $136.6M | $316.3M | ||
| Q2 24 | $122.0M | $335.1M | ||
| Q1 24 | $119.1M | $405.3M |
净利润LMNDPATH
| Q4 25 | $-21.7M | $198.8M | ||
| Q3 25 | $-37.5M | $1.6M | ||
| Q2 25 | $-43.9M | $-22.6M | ||
| Q1 25 | $-62.4M | $51.8M | ||
| Q4 24 | $-30.0M | $-10.7M | ||
| Q3 24 | $-67.7M | $-86.1M | ||
| Q2 24 | $-57.2M | $-28.7M | ||
| Q1 24 | $-47.3M | $33.9M |
毛利率LMNDPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率LMNDPATH
| Q4 25 | -9.0% | 3.2% | ||
| Q3 25 | -18.7% | -5.6% | ||
| Q2 25 | -26.0% | -4.6% | ||
| Q1 25 | -40.6% | 7.9% | ||
| Q4 24 | -25.4% | -12.2% | ||
| Q3 24 | -48.2% | -32.7% | ||
| Q2 24 | -45.2% | -14.8% | ||
| Q1 24 | -38.0% | 3.7% |
净利率LMNDPATH
| Q4 25 | -9.5% | 48.4% | ||
| Q3 25 | -19.3% | 0.4% | ||
| Q2 25 | -26.8% | -6.3% | ||
| Q1 25 | -41.3% | 12.2% | ||
| Q4 24 | -20.2% | -3.0% | ||
| Q3 24 | -49.6% | -27.2% | ||
| Q2 24 | -46.9% | -8.6% | ||
| Q1 24 | -39.7% | 8.4% |
每股收益（稀释后）LMNDPATH
| Q4 25 | $-0.27 | $0.37 | ||
| Q3 25 | $-0.51 | $0.00 | ||
| Q2 25 | $-0.60 | $-0.04 | ||
| Q1 25 | $-0.86 | $0.09 | ||
| Q4 24 | $-0.42 | $-0.02 | ||
| Q3 24 | $-0.95 | $-0.15 | ||
| Q2 24 | $-0.81 | $-0.05 | ||
| Q1 24 | $-0.67 | $0.07 |
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 | $399.1M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $533.6M | $1.9B |
| 总资产 | $1.9B | $2.9B |
| 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LMNDPATH
| Q4 25 | $399.1M | $1.4B | ||
| Q3 25 | $369.4M | $1.4B | ||
| Q2 25 | $398.8M | $1.6B | ||
| Q1 25 | $329.7M | $1.6B | ||
| Q4 24 | $403.5M | $1.6B | ||
| Q3 24 | $360.9M | $1.7B | ||
| Q2 24 | $387.2M | $1.9B | ||
| Q1 24 | $300.8M | $1.9B |
股东权益LMNDPATH
| Q4 25 | $533.6M | $1.9B | ||
| Q3 25 | $516.2M | $1.7B | ||
| Q2 25 | $527.1M | $1.7B | ||
| Q1 25 | $545.5M | $1.8B | ||
| Q4 24 | $593.4M | $1.7B | ||
| Q3 24 | $593.0M | $1.8B | ||
| Q2 24 | $635.2M | $2.0B | ||
| Q1 24 | $676.4M | $2.0B |
总资产LMNDPATH
| Q4 25 | $1.9B | $2.9B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.9B | $2.9B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | $1.6B | $3.0B |
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 | $-16.5M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-25.9M | $25.1M |
| 自由现金流率自由现金流/营收 | -11.4% | 6.1% |
| 资本支出强度资本支出/营收 | 4.1% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | $-69.4M | — |
8季度趋势，按日历期对齐
经营现金流LMNDPATH
| Q4 25 | $-16.5M | $28.3M | ||
| Q3 25 | $4.5M | $41.6M | ||
| Q2 25 | $5.5M | $119.0M | ||
| Q1 25 | $-47.2M | $146.1M | ||
| Q4 24 | $-11.4M | $28.1M | ||
| Q3 24 | $16.3M | $46.4M | ||
| Q2 24 | $-11.7M | $100.0M | ||
| Q1 24 | $-29.8M | $145.6M |
自由现金流LMNDPATH
| Q4 25 | $-25.9M | $25.1M | ||
| Q3 25 | $2.6M | — | ||
| Q2 25 | $3.4M | $106.2M | ||
| Q1 25 | $-49.5M | $138.7M | ||
| Q4 24 | $-20.8M | $23.2M | ||
| Q3 24 | $14.1M | $45.0M | ||
| Q2 24 | $-13.2M | $98.8M | ||
| Q1 24 | $-32.3M | $141.8M |
自由现金流率LMNDPATH
| Q4 25 | -11.4% | 6.1% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | 29.8% | ||
| Q1 25 | -32.7% | 32.7% | ||
| Q4 24 | -14.0% | 6.5% | ||
| Q3 24 | 10.3% | 14.2% | ||
| Q2 24 | -10.8% | 29.5% | ||
| Q1 24 | -27.1% | 35.0% |
资本支出强度LMNDPATH
| Q4 25 | 4.1% | 0.8% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 1.3% | 3.6% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 6.3% | 1.4% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 1.2% | 0.4% | ||
| Q1 24 | 2.1% | 0.9% |
现金转化率LMNDPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.29× |
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
LMND
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
