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LIVEPERSON INC（LPSN）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LIVEPERSON INC的1.2倍（$71.1M vs $59.3M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -77.8%，领先79.8%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -19.0%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-12.0M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% vs -16.6%）
LivePerson是一家全球性科技企业，专注于开发对话式商务与人工智能软件，相关产品与解决方案能够帮助企业搭建智能对话体系，优化客户沟通体验，助力企业实现数字化商务运营转型。
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。
LPSN vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$59.3M
营收增速更快
RMAX
高出17.2%
-19.0%
净利率更高
RMAX
高出79.8%
-77.8%
自由现金流更多
RMAX
多$45.5M
$-12.0M
两年增速更快
RMAX
近两年复合增速
-16.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $59.3M | $71.1M |
| 净利润 | $-46.1M | $1.4M |
| 毛利率 | 73.2% | — |
| 营业利润率 | -68.7% | 13.1% |
| 净利率 | -77.8% | 2.0% |
| 营收同比 | -19.0% | -1.8% |
| 净利润同比 | 58.9% | -75.2% |
| 每股收益（稀释后） | $-9.22 | — |
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LPSNRMAX
| Q4 25 | $59.3M | $71.1M | ||
| Q3 25 | $60.2M | $73.2M | ||
| Q2 25 | $59.6M | $72.8M | ||
| Q1 25 | $64.7M | $74.5M | ||
| Q4 24 | $73.2M | $72.5M | ||
| Q3 24 | $74.2M | $78.5M | ||
| Q2 24 | $79.9M | $78.5M | ||
| Q1 24 | $85.1M | $78.3M |
净利润LPSNRMAX
| Q4 25 | $-46.1M | $1.4M | ||
| Q3 25 | $8.7M | $4.0M | ||
| Q2 25 | $-15.7M | $4.7M | ||
| Q1 25 | $-14.1M | $-2.0M | ||
| Q4 24 | $-112.1M | $5.8M | ||
| Q3 24 | $-28.3M | $966.0K | ||
| Q2 24 | $41.8M | $3.7M | ||
| Q1 24 | $-35.6M | $-3.4M |
毛利率LPSNRMAX
| Q4 25 | 73.2% | — | ||
| Q3 25 | 71.4% | — | ||
| Q2 25 | 69.7% | — | ||
| Q1 25 | 71.8% | — | ||
| Q4 24 | 77.4% | — | ||
| Q3 24 | 73.1% | — | ||
| Q2 24 | 79.4% | — | ||
| Q1 24 | 71.3% | — |
营业利润率LPSNRMAX
| Q4 25 | -68.7% | 13.1% | ||
| Q3 25 | -24.2% | 25.0% | ||
| Q2 25 | -10.8% | 19.3% | ||
| Q1 25 | -26.2% | 7.2% | ||
| Q4 24 | -138.0% | 5.9% | ||
| Q3 24 | -21.6% | 19.4% | ||
| Q2 24 | -37.3% | 20.6% | ||
| Q1 24 | -42.7% | 5.8% |
净利率LPSNRMAX
| Q4 25 | -77.8% | 2.0% | ||
| Q3 25 | 14.5% | 5.4% | ||
| Q2 25 | -26.4% | 6.4% | ||
| Q1 25 | -21.8% | -2.6% | ||
| Q4 24 | -153.2% | 8.0% | ||
| Q3 24 | -38.1% | 1.2% | ||
| Q2 24 | 52.3% | 4.7% | ||
| Q1 24 | -41.8% | -4.3% |
每股收益（稀释后）LPSNRMAX
| Q4 25 | $-9.22 | — | ||
| Q3 25 | $-2.76 | — | ||
| Q2 25 | $-0.17 | — | ||
| Q1 25 | $-0.24 | — | ||
| Q4 24 | $-17.23 | — | ||
| Q3 24 | $-4.74 | — | ||
| Q2 24 | $-0.33 | — | ||
| Q1 24 | $-0.40 | — |
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 | $95.0M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $-44.5M | $452.4M |
| 总资产 | $454.7M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资LPSNRMAX
| Q4 25 | $95.0M | $118.7M | ||
| Q3 25 | $106.7M | $107.5M | ||
| Q2 25 | $162.0M | $94.3M | ||
| Q1 25 | $176.3M | $89.1M | ||
| Q4 24 | $183.2M | $96.6M | ||
| Q3 24 | $142.1M | $83.8M | ||
| Q2 24 | $146.0M | $66.1M | ||
| Q1 24 | $127.1M | $82.1M |
总债务LPSNRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | $512.1M | $439.0M |
股东权益LPSNRMAX
| Q4 25 | $-44.5M | $452.4M | ||
| Q3 25 | $-22.1M | $448.1M | ||
| Q2 25 | $-82.4M | $442.4M | ||
| Q1 25 | $-74.9M | $433.5M | ||
| Q4 24 | $-67.3M | $429.5M | ||
| Q3 24 | $45.9M | $423.1M | ||
| Q2 24 | $66.6M | $418.4M | ||
| Q1 24 | $19.2M | $412.0M |
总资产LPSNRMAX
| Q4 25 | $454.7M | $582.5M | ||
| Q3 25 | $511.4M | $582.2M | ||
| Q2 25 | $604.2M | $574.8M | ||
| Q1 25 | $596.2M | $571.4M | ||
| Q4 24 | $607.8M | $581.6M | ||
| Q3 24 | $692.0M | $578.6M | ||
| Q2 24 | $703.8M | $571.4M | ||
| Q1 24 | $724.7M | $566.7M |
负债/权益比LPSNRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | 26.69× | 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 | $-9.7M | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-12.0M | $33.5M |
| 自由现金流率自由现金流/营收 | -20.2% | 47.1% |
| 资本支出强度资本支出/营收 | 3.9% | 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 | $-42.5M | $56.8M |
8季度趋势，按日历期对齐
经营现金流LPSNRMAX
| Q4 25 | $-9.7M | $40.9M | ||
| Q3 25 | $-6.0M | $17.7M | ||
| Q2 25 | $-11.7M | $4.6M | ||
| Q1 25 | $-3.1M | $5.7M | ||
| Q4 24 | $-3.1M | $59.7M | ||
| Q3 24 | $4.8M | $17.6M | ||
| Q2 24 | $-17.9M | $15.9M | ||
| Q1 24 | $1.1M | $9.4M |
自由现金流LPSNRMAX
| Q4 25 | $-12.0M | $33.5M | ||
| Q3 25 | $-8.9M | $16.4M | ||
| Q2 25 | $-14.8M | $2.9M | ||
| Q1 25 | $-6.9M | $4.0M | ||
| Q4 24 | $-6.8M | $53.0M | ||
| Q3 24 | $-230.0K | $16.3M | ||
| Q2 24 | $-22.9M | $14.0M | ||
| Q1 24 | $-10.4M | $6.8M |
自由现金流率LPSNRMAX
| Q4 25 | -20.2% | 47.1% | ||
| Q3 25 | -14.8% | 22.4% | ||
| Q2 25 | -24.9% | 4.0% | ||
| Q1 25 | -10.6% | 5.3% | ||
| Q4 24 | -9.2% | 73.2% | ||
| Q3 24 | -0.3% | 20.8% | ||
| Q2 24 | -28.7% | 17.8% | ||
| Q1 24 | -12.2% | 8.6% |
资本支出强度LPSNRMAX
| Q4 25 | 3.9% | 10.4% | ||
| Q3 25 | 4.8% | 1.8% | ||
| Q2 25 | 5.3% | 2.2% | ||
| Q1 25 | 5.8% | 2.3% | ||
| Q4 24 | 5.0% | 9.1% | ||
| Q3 24 | 6.8% | 1.7% | ||
| Q2 24 | 6.2% | 2.4% | ||
| Q1 24 | 13.5% | 3.3% |
现金转化率LPSNRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | -0.69× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | -0.43× | 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
LPSN
| Hosted Services Business | $51.0M | 86% |
| Professional Services | $8.3M | 14% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
