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Lovesac Co（LOVE）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
Lovesac Co的季度营收约是Repay Holdings Corp的1.9倍（$150.2M vs $78.6M），Lovesac Co净利率更高（-7.0% vs -178.3%，领先171.3%），Repay Holdings Corp同比增速更快（0.4% vs 0.2%），Repay Holdings Corp自由现金流更多（$23.2M vs $-10.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -22.6%）
Lovesac是美国的家具零售商，主打拥有专利的Sactionals模块化沙发系统，该系统由可自由组合的座部、侧部模块，以及定制沙发套和相关配件组成。除模块化沙发外，品牌还销售采用独家发泡混合材料填充的袋式懒人座椅。
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。
LOVE vs RPAY — 直观对比
营收规模更大
LOVE
是对方的1.9倍
$78.6M
营收增速更快
RPAY
高出0.2%
0.2%
净利率更高
LOVE
高出171.3%
-178.3%
自由现金流更多
RPAY
多$33.4M
$-10.2M
两年增速更快
RPAY
近两年复合增速
-22.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $150.2M | $78.6M |
| 净利润 | $-10.6M | $-140.1M |
| 毛利率 | 56.1% | 74.2% |
| 营业利润率 | -10.5% | -182.2% |
| 净利率 | -7.0% | -178.3% |
| 营收同比 | 0.2% | 0.4% |
| 净利润同比 | -114.0% | -3304.1% |
| 每股收益（稀释后） | $-0.72 | $-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LOVERPAY
| Q4 25 | $150.2M | $78.6M | ||
| Q3 25 | $160.5M | $77.7M | ||
| Q2 25 | $138.4M | $75.6M | ||
| Q1 25 | $241.5M | $77.3M | ||
| Q4 24 | $149.9M | $78.3M | ||
| Q3 24 | $156.6M | $79.1M | ||
| Q2 24 | $132.6M | $74.9M | ||
| Q1 24 | $250.5M | $80.7M |
净利润LOVERPAY
| Q4 25 | $-10.6M | $-140.1M | ||
| Q3 25 | $-6.7M | $-6.4M | ||
| Q2 25 | $-10.8M | $-102.3M | ||
| Q1 25 | $35.3M | $-7.9M | ||
| Q4 24 | $-4.9M | $-4.1M | ||
| Q3 24 | $-5.9M | $3.2M | ||
| Q2 24 | $-13.0M | $-4.1M | ||
| Q1 24 | $31.0M | $-5.2M |
毛利率LOVERPAY
| Q4 25 | 56.1% | 74.2% | ||
| Q3 25 | 56.4% | 74.4% | ||
| Q2 25 | 53.7% | 75.7% | ||
| Q1 25 | 60.4% | 75.9% | ||
| Q4 24 | 58.5% | 76.3% | ||
| Q3 24 | 59.0% | 77.8% | ||
| Q2 24 | 54.3% | 78.2% | ||
| Q1 24 | 59.7% | 76.2% |
营业利润率LOVERPAY
| Q4 25 | -10.5% | -182.2% | ||
| Q3 25 | -5.5% | -3.9% | ||
| Q2 25 | -10.8% | -138.7% | ||
| Q1 25 | 19.7% | -4.7% | ||
| Q4 24 | -5.2% | -1.5% | ||
| Q3 24 | -5.3% | -0.9% | ||
| Q2 24 | -13.5% | -4.6% | ||
| Q1 24 | 16.1% | -3.1% |
净利率LOVERPAY
| Q4 25 | -7.0% | -178.3% | ||
| Q3 25 | -4.1% | -8.3% | ||
| Q2 25 | -7.8% | -135.2% | ||
| Q1 25 | 14.6% | -10.3% | ||
| Q4 24 | -3.3% | -5.3% | ||
| Q3 24 | -3.7% | 4.1% | ||
| Q2 24 | -9.8% | -5.4% | ||
| Q1 24 | 12.4% | -6.5% |
每股收益（稀释后）LOVERPAY
| Q4 25 | $-0.72 | $-1.68 | ||
| Q3 25 | $-0.45 | $-0.08 | ||
| Q2 25 | $-0.73 | $-1.15 | ||
| Q1 25 | $2.22 | $-0.09 | ||
| Q4 24 | $-0.32 | $-0.04 | ||
| Q3 24 | $-0.38 | $0.03 | ||
| Q2 24 | $-0.83 | $-0.04 | ||
| Q1 24 | $1.91 | $-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 | $23.7M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $189.3M | $484.4M |
| 总资产 | $495.5M | $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LOVERPAY
| Q4 25 | $23.7M | $115.7M | ||
| Q3 25 | $34.2M | $95.7M | ||
| Q2 25 | $26.9M | $162.6M | ||
| Q1 25 | $83.7M | $165.5M | ||
| Q4 24 | $61.7M | $189.5M | ||
| Q3 24 | $72.1M | $168.7M | ||
| Q2 24 | $72.4M | $147.1M | ||
| Q1 24 | $87.0M | $128.3M |
总债务LOVERPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益LOVERPAY
| Q4 25 | $189.3M | $484.4M | ||
| Q3 25 | $197.5M | $616.9M | ||
| Q2 25 | $201.2M | $633.7M | ||
| Q1 25 | $216.4M | $755.7M | ||
| Q4 24 | $196.5M | $761.3M | ||
| Q3 24 | $202.1M | $754.7M | ||
| Q2 24 | $205.3M | $815.4M | ||
| Q1 24 | $217.5M | $813.8M |
总资产LOVERPAY
| Q4 25 | $495.5M | $1.2B | ||
| Q3 25 | $493.7M | $1.3B | ||
| Q2 25 | $483.7M | $1.4B | ||
| Q1 25 | $532.3M | $1.5B | ||
| Q4 24 | $499.7M | $1.6B | ||
| Q3 24 | $481.1M | $1.6B | ||
| Q2 24 | $477.2M | $1.5B | ||
| Q1 24 | $482.2M | $1.5B |
负债/权益比LOVERPAY
| 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 | $-4.9M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-10.2M | $23.2M |
| 自由现金流率自由现金流/营收 | -6.8% | 29.6% |
| 资本支出强度资本支出/营收 | 3.5% | 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 | $-13.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流LOVERPAY
| Q4 25 | $-4.9M | $23.3M | ||
| Q3 25 | $12.2M | $32.2M | ||
| Q2 25 | $-41.4M | $33.1M | ||
| Q1 25 | $44.0M | $2.5M | ||
| Q4 24 | $-4.2M | $34.3M | ||
| Q3 24 | $6.2M | $60.1M | ||
| Q2 24 | $-7.0M | $31.0M | ||
| Q1 24 | $56.3M | $24.8M |
自由现金流LOVERPAY
| Q4 25 | $-10.2M | $23.2M | ||
| Q3 25 | $7.8M | $32.1M | ||
| Q2 25 | $-50.0M | $33.0M | ||
| Q1 25 | $38.7M | $2.4M | ||
| Q4 24 | $-6.6M | $34.0M | ||
| Q3 24 | $119.0K | $59.8M | ||
| Q2 24 | $-14.3M | $30.5M | ||
| Q1 24 | $49.5M | $24.7M |
自由现金流率LOVERPAY
| Q4 25 | -6.8% | 29.6% | ||
| Q3 25 | 4.9% | 41.3% | ||
| Q2 25 | -36.1% | 43.6% | ||
| Q1 25 | 16.0% | 3.0% | ||
| Q4 24 | -4.4% | 43.5% | ||
| Q3 24 | 0.1% | 75.6% | ||
| Q2 24 | -10.8% | 40.7% | ||
| Q1 24 | 19.8% | 30.6% |
资本支出强度LOVERPAY
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 2.7% | 0.2% | ||
| Q2 25 | 6.2% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 3.9% | 0.3% | ||
| Q2 24 | 5.5% | 0.6% | ||
| Q1 24 | 2.7% | 0.1% |
现金转化率LOVERPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.82× | — |
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
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
