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LIVEPERSON INC（LPSN）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LIVEPERSON INC的1.3倍（$78.6M vs $59.3M），LIVEPERSON INC净利率更高（-77.8% vs -178.3%，领先100.5%），Repay Holdings Corp同比增速更快（0.4% vs -19.0%），Repay Holdings Corp自由现金流更多（$23.2M vs $-12.0M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% 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。
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。
LPSN vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$59.3M
营收增速更快
RPAY
高出19.4%
-19.0%
净利率更高
LPSN
高出100.5%
-178.3%
自由现金流更多
RPAY
多$35.2M
$-12.0M
两年增速更快
RPAY
近两年复合增速
-16.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $59.3M | $78.6M |
| 净利润 | $-46.1M | $-140.1M |
| 毛利率 | 73.2% | 74.2% |
| 营业利润率 | -68.7% | -182.2% |
| 净利率 | -77.8% | -178.3% |
| 营收同比 | -19.0% | 0.4% |
| 净利润同比 | 58.9% | -3304.1% |
| 每股收益（稀释后） | $-9.22 | $-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LPSNRPAY
| Q4 25 | $59.3M | $78.6M | ||
| Q3 25 | $60.2M | $77.7M | ||
| Q2 25 | $59.6M | $75.6M | ||
| Q1 25 | $64.7M | $77.3M | ||
| Q4 24 | $73.2M | $78.3M | ||
| Q3 24 | $74.2M | $79.1M | ||
| Q2 24 | $79.9M | $74.9M | ||
| Q1 24 | $85.1M | $80.7M |
净利润LPSNRPAY
| Q4 25 | $-46.1M | $-140.1M | ||
| Q3 25 | $8.7M | $-6.4M | ||
| Q2 25 | $-15.7M | $-102.3M | ||
| Q1 25 | $-14.1M | $-7.9M | ||
| Q4 24 | $-112.1M | $-4.1M | ||
| Q3 24 | $-28.3M | $3.2M | ||
| Q2 24 | $41.8M | $-4.1M | ||
| Q1 24 | $-35.6M | $-5.2M |
毛利率LPSNRPAY
| Q4 25 | 73.2% | 74.2% | ||
| Q3 25 | 71.4% | 74.4% | ||
| Q2 25 | 69.7% | 75.7% | ||
| Q1 25 | 71.8% | 75.9% | ||
| Q4 24 | 77.4% | 76.3% | ||
| Q3 24 | 73.1% | 77.8% | ||
| Q2 24 | 79.4% | 78.2% | ||
| Q1 24 | 71.3% | 76.2% |
营业利润率LPSNRPAY
| Q4 25 | -68.7% | -182.2% | ||
| Q3 25 | -24.2% | -3.9% | ||
| Q2 25 | -10.8% | -138.7% | ||
| Q1 25 | -26.2% | -4.7% | ||
| Q4 24 | -138.0% | -1.5% | ||
| Q3 24 | -21.6% | -0.9% | ||
| Q2 24 | -37.3% | -4.6% | ||
| Q1 24 | -42.7% | -3.1% |
净利率LPSNRPAY
| Q4 25 | -77.8% | -178.3% | ||
| Q3 25 | 14.5% | -8.3% | ||
| Q2 25 | -26.4% | -135.2% | ||
| Q1 25 | -21.8% | -10.3% | ||
| Q4 24 | -153.2% | -5.3% | ||
| Q3 24 | -38.1% | 4.1% | ||
| Q2 24 | 52.3% | -5.4% | ||
| Q1 24 | -41.8% | -6.5% |
每股收益（稀释后）LPSNRPAY
| Q4 25 | $-9.22 | $-1.68 | ||
| Q3 25 | $-2.76 | $-0.08 | ||
| Q2 25 | $-0.17 | $-1.15 | ||
| Q1 25 | $-0.24 | $-0.09 | ||
| Q4 24 | $-17.23 | $-0.04 | ||
| Q3 24 | $-4.74 | $0.03 | ||
| Q2 24 | $-0.33 | $-0.04 | ||
| Q1 24 | $-0.40 | $-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 | $95.0M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $-44.5M | $484.4M |
| 总资产 | $454.7M | $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LPSNRPAY
| Q4 25 | $95.0M | $115.7M | ||
| Q3 25 | $106.7M | $95.7M | ||
| Q2 25 | $162.0M | $162.6M | ||
| Q1 25 | $176.3M | $165.5M | ||
| Q4 24 | $183.2M | $189.5M | ||
| Q3 24 | $142.1M | $168.7M | ||
| Q2 24 | $146.0M | $147.1M | ||
| Q1 24 | $127.1M | $128.3M |
总债务LPSNRPAY
| 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 | $512.1M | $434.9M |
股东权益LPSNRPAY
| Q4 25 | $-44.5M | $484.4M | ||
| Q3 25 | $-22.1M | $616.9M | ||
| Q2 25 | $-82.4M | $633.7M | ||
| Q1 25 | $-74.9M | $755.7M | ||
| Q4 24 | $-67.3M | $761.3M | ||
| Q3 24 | $45.9M | $754.7M | ||
| Q2 24 | $66.6M | $815.4M | ||
| Q1 24 | $19.2M | $813.8M |
总资产LPSNRPAY
| Q4 25 | $454.7M | $1.2B | ||
| Q3 25 | $511.4M | $1.3B | ||
| Q2 25 | $604.2M | $1.4B | ||
| Q1 25 | $596.2M | $1.5B | ||
| Q4 24 | $607.8M | $1.6B | ||
| Q3 24 | $692.0M | $1.6B | ||
| Q2 24 | $703.8M | $1.5B | ||
| Q1 24 | $724.7M | $1.5B |
负债/权益比LPSNRPAY
| 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 | 26.69× | 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 | $-9.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.0M | $23.2M |
| 自由现金流率自由现金流/营收 | -20.2% | 29.6% |
| 资本支出强度资本支出/营收 | 3.9% | 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 | $-42.5M | $90.7M |
8季度趋势，按日历期对齐
经营现金流LPSNRPAY
| Q4 25 | $-9.7M | $23.3M | ||
| Q3 25 | $-6.0M | $32.2M | ||
| Q2 25 | $-11.7M | $33.1M | ||
| Q1 25 | $-3.1M | $2.5M | ||
| Q4 24 | $-3.1M | $34.3M | ||
| Q3 24 | $4.8M | $60.1M | ||
| Q2 24 | $-17.9M | $31.0M | ||
| Q1 24 | $1.1M | $24.8M |
自由现金流LPSNRPAY
| Q4 25 | $-12.0M | $23.2M | ||
| Q3 25 | $-8.9M | $32.1M | ||
| Q2 25 | $-14.8M | $33.0M | ||
| Q1 25 | $-6.9M | $2.4M | ||
| Q4 24 | $-6.8M | $34.0M | ||
| Q3 24 | $-230.0K | $59.8M | ||
| Q2 24 | $-22.9M | $30.5M | ||
| Q1 24 | $-10.4M | $24.7M |
自由现金流率LPSNRPAY
| Q4 25 | -20.2% | 29.6% | ||
| Q3 25 | -14.8% | 41.3% | ||
| Q2 25 | -24.9% | 43.6% | ||
| Q1 25 | -10.6% | 3.0% | ||
| Q4 24 | -9.2% | 43.5% | ||
| Q3 24 | -0.3% | 75.6% | ||
| Q2 24 | -28.7% | 40.7% | ||
| Q1 24 | -12.2% | 30.6% |
资本支出强度LPSNRPAY
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 4.8% | 0.2% | ||
| Q2 25 | 5.3% | 0.1% | ||
| Q1 25 | 5.8% | 0.2% | ||
| Q4 24 | 5.0% | 0.3% | ||
| Q3 24 | 6.8% | 0.3% | ||
| Q2 24 | 6.2% | 0.6% | ||
| Q1 24 | 13.5% | 0.1% |
现金转化率LPSNRPAY
| Q4 25 | — | — | ||
| Q3 25 | -0.69× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | -0.43× | — | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
