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Laird Superfood, Inc.（LSF）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
FiscalNote Holdings, Inc.的季度营收约是Laird Superfood, Inc.的1.7倍（$22.2M vs $13.3M），Laird Superfood, Inc.同比增速更快（15.0% vs -24.7%），过去两年Laird Superfood, Inc.的营收复合增速更高（16.1% vs -16.8%）
Laird Superfood是一家主营植物基功能性超级食品的企业，产品涵盖精品咖啡奶精、补水混合饮品、营养补充剂、植物能量零食等，面向健康意识较强的消费群体，主要在北美市场通过电商及线下零售渠道销售，主打可持续采购的清洁配方。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
LSF vs NOTE — 直观对比
营收规模更大
NOTE
是对方的1.7倍
$13.3M
营收增速更快
LSF
高出39.7%
-24.7%
两年增速更快
LSF
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.3M | $22.2M |
| 净利润 | $-1.8M | — |
| 毛利率 | 34.1% | — |
| 营业利润率 | -13.5% | -83.7% |
| 净利率 | -13.2% | — |
| 营收同比 | 15.0% | -24.7% |
| 净利润同比 | -341.4% | — |
| 每股收益（稀释后） | — | $-2.81 |
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LSFNOTE
| Q4 25 | $13.3M | $22.2M | ||
| Q3 25 | $12.9M | $22.4M | ||
| Q2 25 | $12.0M | $23.3M | ||
| Q1 25 | $11.7M | $27.5M | ||
| Q4 24 | $11.6M | $29.5M | ||
| Q3 24 | $11.8M | $29.4M | ||
| Q2 24 | $10.0M | $29.2M | ||
| Q1 24 | $9.9M | $32.1M |
净利润LSFNOTE
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-975.1K | $-24.9M | ||
| Q2 25 | $-362.2K | $-13.3M | ||
| Q1 25 | $-156.2K | $-4.3M | ||
| Q4 24 | $-398.4K | — | ||
| Q3 24 | $-166.1K | $-14.9M | ||
| Q2 24 | $-239.1K | $-12.8M | ||
| Q1 24 | $-1.0M | $50.6M |
毛利率LSFNOTE
| Q4 25 | 34.1% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 41.8% | — | ||
| Q1 24 | 40.0% | — |
营业利润率LSFNOTE
| Q4 25 | -13.5% | -83.7% | ||
| Q3 25 | -7.7% | -43.4% | ||
| Q2 25 | -3.3% | -31.9% | ||
| Q1 25 | -1.9% | -50.0% | ||
| Q4 24 | -4.1% | -19.4% | ||
| Q3 24 | -2.3% | -23.1% | ||
| Q2 24 | -3.4% | -27.2% | ||
| Q1 24 | -11.0% | -35.6% |
净利率LSFNOTE
| Q4 25 | -13.2% | — | ||
| Q3 25 | -7.6% | -110.8% | ||
| Q2 25 | -3.0% | -57.0% | ||
| Q1 25 | -1.3% | -15.4% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | -1.4% | -50.7% | ||
| Q2 24 | -2.4% | -43.6% | ||
| Q1 24 | -10.3% | 157.6% |
每股收益（稀释后）LSFNOTE
| Q4 25 | — | $-2.81 | ||
| Q3 25 | — | $-1.73 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $1.88 | ||
| Q3 24 | — | $-1.33 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $0.37 |
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 | $5.1M | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $11.5M | $62.0M |
| 总资产 | $19.2M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资LSFNOTE
| Q4 25 | $5.1M | $26.3M | ||
| Q3 25 | $5.1M | $31.2M | ||
| Q2 25 | $3.9M | $38.5M | ||
| Q1 25 | $7.0M | $46.3M | ||
| Q4 24 | $8.3M | $34.6M | ||
| Q3 24 | $7.9M | $32.7M | ||
| Q2 24 | $7.6M | $37.7M | ||
| Q1 24 | $7.1M | $43.6M |
总债务LSFNOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $147.1M | ||
| Q3 24 | — | $152.2M | ||
| Q2 24 | — | $145.9M | ||
| Q1 24 | — | $153.0M |
股东权益LSFNOTE
| Q4 25 | $11.5M | $62.0M | ||
| Q3 25 | $12.8M | $75.5M | ||
| Q2 25 | $13.4M | $95.1M | ||
| Q1 25 | $13.3M | $98.7M | ||
| Q4 24 | $13.2M | $97.8M | ||
| Q3 24 | $13.1M | $98.5M | ||
| Q2 24 | $12.6M | $106.9M | ||
| Q1 24 | $12.7M | $106.1M |
总资产LSFNOTE
| Q4 25 | $19.2M | $255.1M | ||
| Q3 25 | $18.9M | $273.9M | ||
| Q2 25 | $20.4M | $288.3M | ||
| Q1 25 | $21.5M | $299.7M | ||
| Q4 24 | $19.3M | $326.2M | ||
| Q3 24 | $18.8M | $337.9M | ||
| Q2 24 | $18.0M | $346.3M | ||
| Q1 24 | $17.6M | $357.8M |
负债/权益比LSFNOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.44× |
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 | $68.4K | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-1.9M |
| 自由现金流率自由现金流/营收 | — | -8.7% |
| 资本支出强度资本支出/营收 | — | 7.4% |
| 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 | — | $-18.6M |
8季度趋势，按日历期对齐
经营现金流LSFNOTE
| Q4 25 | $68.4K | $-279.0K | ||
| Q3 25 | $1.2M | $-8.3M | ||
| Q2 25 | $-2.8M | $-6.2M | ||
| Q1 25 | $-1.3M | $3.3M | ||
| Q4 24 | $339.2K | $-1.3M | ||
| Q3 24 | $305.8K | $-3.0M | ||
| Q2 24 | $642.7K | $-3.7M | ||
| Q1 24 | $-422.3K | $2.7M |
自由现金流LSFNOTE
| Q4 25 | — | $-1.9M | ||
| Q3 25 | — | $-10.4M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-6.5M | ||
| Q1 24 | — | $1.0M |
自由现金流率LSFNOTE
| Q4 25 | — | -8.7% | ||
| Q3 25 | — | -46.2% | ||
| Q2 25 | — | -33.0% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | -11.4% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | -22.1% | ||
| Q1 24 | — | 3.3% |
资本支出强度LSFNOTE
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 5.3% |
现金转化率LSFNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
