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Lulu's Fashion Lounge Holdings, Inc.（LVLU）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Lulu's Fashion Lounge Holdings, Inc.的1.2倍（$78.6M vs $66.1M），Lulu's Fashion Lounge Holdings, Inc.净利率更高（-48.2% vs -178.3%，领先130.1%），Repay Holdings Corp同比增速更快（0.4% vs -11.8%），Repay Holdings Corp自由现金流更多（$23.2M vs $-2.6M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -14.7%）
Lulu's Fashion Lounge Holdings是一家采用直售模式的女性时尚零售商，主要面向Z世代与千禧一代消费者，提供高性价比的潮流服饰、鞋履及配饰，核心市场为北美，以电商平台为核心销售渠道，同时开设少量快闪店优化消费者体验。
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。
LVLU vs RPAY — 直观对比
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.1M | $78.6M |
| 净利润 | $-31.9M | $-140.1M |
| 毛利率 | 37.9% | 74.2% |
| 营业利润率 | -52.8% | -182.2% |
| 净利率 | -48.2% | -178.3% |
| 营收同比 | -11.8% | 0.4% |
| 净利润同比 | -340.9% | -3304.1% |
| 每股收益（稀释后） | $-13.46 | $-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
| Q4 25 | — | $78.6M | ||
| Q3 25 | — | $77.7M | ||
| Q2 25 | — | $75.6M | ||
| Q1 25 | — | $77.3M | ||
| Q4 24 | $66.1M | $78.3M | ||
| Q3 24 | $80.5M | $79.1M | ||
| Q2 24 | $92.0M | $74.9M | ||
| Q1 24 | $77.3M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | — | $-6.4M | ||
| Q2 25 | — | $-102.3M | ||
| Q1 25 | — | $-7.9M | ||
| Q4 24 | $-31.9M | $-4.1M | ||
| Q3 24 | $-6.9M | $3.2M | ||
| Q2 24 | $-10.8M | $-4.1M | ||
| Q1 24 | $-5.7M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | 37.9% | 76.3% | ||
| Q3 24 | 38.1% | 77.8% | ||
| Q2 24 | 45.5% | 78.2% | ||
| Q1 24 | 42.3% | 76.2% |
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | -52.8% | -1.5% | ||
| Q3 24 | -8.5% | -0.9% | ||
| Q2 24 | -4.9% | -4.6% | ||
| Q1 24 | -8.0% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | — | -8.3% | ||
| Q2 25 | — | -135.2% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | -48.2% | -5.3% | ||
| Q3 24 | -8.5% | 4.1% | ||
| Q2 24 | -11.7% | -5.4% | ||
| Q1 24 | -7.4% | -6.5% |
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | $-13.46 | $-0.04 | ||
| Q3 24 | $-2.47 | $0.03 | ||
| Q2 24 | $-3.92 | $-0.04 | ||
| Q1 24 | $-0.15 | $-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 | $4.5M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $13.4M | $484.4M |
| 总资产 | $108.2M | $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
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | $4.5M | $189.5M | ||
| Q3 24 | $6.3M | $168.7M | ||
| Q2 24 | $1.8M | $147.1M | ||
| Q1 24 | $5.5M | $128.3M |
| 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 |
| Q4 25 | — | $484.4M | ||
| Q3 25 | — | $616.9M | ||
| Q2 25 | — | $633.7M | ||
| Q1 25 | — | $755.7M | ||
| Q4 24 | $13.4M | $761.3M | ||
| Q3 24 | $43.8M | $754.7M | ||
| Q2 24 | $48.7M | $815.4M | ||
| Q1 24 | $57.7M | $813.8M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $108.2M | $1.6B | ||
| Q3 24 | $153.5M | $1.6B | ||
| Q2 24 | $145.3M | $1.5B | ||
| Q1 24 | $160.6M | $1.5B |
| 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 | $-2.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-2.6M | $23.2M |
| 自由现金流率自由现金流/营收 | -3.9% | 29.6% |
| 资本支出强度资本支出/营收 | 0.0% | 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 | $1.3M | $90.7M |
8季度趋势，按日历期对齐
| Q4 25 | — | $23.3M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $-2.5M | $34.3M | ||
| Q3 24 | $-5.5M | $60.1M | ||
| Q2 24 | $3.7M | $31.0M | ||
| Q1 24 | $6.9M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $-2.6M | $34.0M | ||
| Q3 24 | $-5.9M | $59.8M | ||
| Q2 24 | $3.4M | $30.5M | ||
| Q1 24 | $6.4M | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | -3.9% | 43.5% | ||
| Q3 24 | -7.3% | 75.6% | ||
| Q2 24 | 3.7% | 40.7% | ||
| Q1 24 | 8.3% | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.5% | 0.3% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 0.7% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| 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
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
