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Marqeta, Inc.（MQ）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是Marqeta, Inc.的1.1倍（$188.3M vs $172.1M），Marqeta, Inc.同比增速更快（26.7% vs -21.9%），过去两年Marqeta, Inc.的营收复合增速更高（20.8% vs -15.4%）
Marqeta, Inc.运营云原生开放API平台，提供现代发卡与数字支付处理服务，可赋能金融科技初创企业、大型零售商及企业客户推出定制化实体、虚拟支付卡及嵌入式金融解决方案，服务覆盖全球消费及商业市场。
MQ vs RILY — 直观对比
营收规模更大
RILY
是对方的1.1倍
$172.1M
营收增速更快
MQ
高出48.6%
-21.9%
两年增速更快
MQ
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.1M | $188.3M |
| 净利润 | — | $90.3M |
| 毛利率 | 69.7% | 79.5% |
| 营业利润率 | -4.8% | 32.3% |
| 净利率 | — | 47.9% |
| 营收同比 | 26.7% | -21.9% |
| 净利润同比 | — | 1710.8% |
| 每股收益（稀释后） | — | $2.78 |
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MQRILY
| Q4 25 | $172.1M | $188.3M | ||
| Q3 25 | $163.3M | $215.3M | ||
| Q2 25 | $150.4M | $188.2M | ||
| Q1 25 | $139.1M | $197.2M | ||
| Q4 24 | $135.8M | $241.0M | ||
| Q3 24 | $128.0M | $225.5M | ||
| Q2 24 | $125.3M | $256.0M | ||
| Q1 24 | $118.0M | $263.4M |
净利润MQRILY
| Q4 25 | — | $90.3M | ||
| Q3 25 | $-3.6M | $91.1M | ||
| Q2 25 | $-647.0K | $139.5M | ||
| Q1 25 | $-8.3M | $-10.0M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | $-28.6M | $-284.4M | ||
| Q2 24 | $119.1M | $-433.6M | ||
| Q1 24 | $-36.1M | $-49.2M |
毛利率MQRILY
| Q4 25 | 69.7% | 79.5% | ||
| Q3 25 | 70.1% | 83.7% | ||
| Q2 25 | 69.2% | 81.3% | ||
| Q1 25 | 71.0% | 81.4% | ||
| Q4 24 | 72.3% | 79.8% | ||
| Q3 24 | 70.4% | 82.1% | ||
| Q2 24 | 63.3% | 84.5% | ||
| Q1 24 | 71.3% | 85.3% |
营业利润率MQRILY
| Q4 25 | -4.8% | 32.3% | ||
| Q3 25 | -6.4% | 30.4% | ||
| Q2 25 | -6.1% | 5.7% | ||
| Q1 25 | -13.3% | -31.2% | ||
| Q4 24 | -27.6% | -69.2% | ||
| Q3 24 | -33.0% | -36.4% | ||
| Q2 24 | 83.9% | -90.8% | ||
| Q1 24 | -42.3% | -6.1% |
净利率MQRILY
| Q4 25 | — | 47.9% | ||
| Q3 25 | -2.2% | 42.3% | ||
| Q2 25 | -0.4% | 74.1% | ||
| Q1 25 | -5.9% | -5.1% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -22.4% | -126.1% | ||
| Q2 24 | 95.1% | -169.4% | ||
| Q1 24 | -30.6% | -18.7% |
每股收益（稀释后）MQRILY
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $2.91 | ||
| Q2 25 | — | $4.50 | ||
| Q1 25 | — | $-0.39 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-9.39 | ||
| Q2 24 | — | $-14.35 | ||
| Q1 24 | — | $-1.71 |
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 | $709.4M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $762.0M | $-171.5M |
| 总资产 | $1.5B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MQRILY
| Q4 25 | $709.4M | $226.6M | ||
| Q3 25 | $747.2M | $184.2M | ||
| Q2 25 | $732.7M | $267.4M | ||
| Q1 25 | $830.9M | $138.3M | ||
| Q4 24 | $923.0M | $146.9M | ||
| Q3 24 | $886.4M | $159.2M | ||
| Q2 24 | $924.7M | $236.9M | ||
| Q1 24 | $970.4M | $190.7M |
总债务MQRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MQRILY
| Q4 25 | $762.0M | $-171.5M | ||
| Q3 25 | $839.2M | $-260.5M | ||
| Q2 25 | $843.4M | $-351.7M | ||
| Q1 25 | $987.3M | $-496.8M | ||
| Q4 24 | $1.1B | $-488.2M | ||
| Q3 24 | $1.1B | $-497.6M | ||
| Q2 24 | $1.1B | $-218.3M | ||
| Q1 24 | $1.2B | $228.4M |
总资产MQRILY
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | $1.6B | $5.0B |
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 | $53.3M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $53.2M | — |
| 自由现金流率自由现金流/营收 | 30.9% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $160.5M | — |
8季度趋势，按日历期对齐
经营现金流MQRILY
| Q4 25 | $53.3M | $26.2M | ||
| Q3 25 | $86.8M | $-60.6M | ||
| Q2 25 | $12.5M | $-25.6M | ||
| Q1 25 | $10.0M | $184.0K | ||
| Q4 24 | $24.8M | $-2.7M | ||
| Q3 24 | $7.3M | $19.5M | ||
| Q2 24 | $25.7M | $111.5M | ||
| Q1 24 | $426.0K | $135.4M |
自由现金流MQRILY
| Q4 25 | $53.2M | — | ||
| Q3 25 | $86.4M | — | ||
| Q2 25 | $12.2M | — | ||
| Q1 25 | $8.7M | — | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $24.7M | — | ||
| Q1 24 | $-765.0K | — |
自由现金流率MQRILY
| Q4 25 | 30.9% | — | ||
| Q3 25 | 52.9% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 19.7% | — | ||
| Q1 24 | -0.6% | — |
资本支出强度MQRILY
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.0% | — |
现金转化率MQRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.22× | — | ||
| 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
MQ
| Platform Service Revenue Net | $163.4M | 95% |
| Other Services Revenue | $8.8M | 5% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
