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Cloudflare, Inc.（NET）与SoFi Technologies, Inc.（SOFI）财务数据对比。点击上方公司名可切换其他公司
SoFi Technologies, Inc.的季度营收约是Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），SoFi Technologies, Inc.净利率更高（15.2% vs -2.0%，领先17.1%），SoFi Technologies, Inc.同比增速更快（42.6% vs 33.6%），过去两年SoFi Technologies, Inc.的营收复合增速更高（35.6% vs 27.4%）
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
SoFi Technologies是美国金融科技企业，2011年由斯坦福大学学生创立，持有全国性特许牌照运营线上银行，同时为其他金融机构提供技术解决方案，是美国规模最大的线上贷款机构，截至2025年累计服务客户达1370万。
NET vs SOFI — 直观对比
营收规模更大
SOFI
是对方的1.8倍
$614.5M
营收增速更快
SOFI
高出9.0%
33.6%
净利率更高
SOFI
高出17.1%
-2.0%
两年增速更快
SOFI
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.1B |
| 净利润 | $-12.1M | $166.7M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | — |
| 净利率 | -2.0% | 15.2% |
| 营收同比 | 33.6% | 42.6% |
| 净利润同比 | 6.0% | 897.2% |
| 每股收益（稀释后） | $-0.03 | $0.12 |
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NETSOFI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $614.5M | $1.0B | ||
| Q3 25 | $562.0M | $961.6M | ||
| Q2 25 | $512.3M | $854.9M | ||
| Q1 25 | $479.1M | $771.8M | ||
| Q4 24 | $459.9M | $734.1M | ||
| Q3 24 | $430.1M | $697.1M | ||
| Q2 24 | $401.0M | $598.6M |
净利润NETSOFI
| Q1 26 | — | $166.7M | ||
| Q4 25 | $-12.1M | $173.5M | ||
| Q3 25 | $-1.3M | $139.4M | ||
| Q2 25 | $-50.4M | $97.3M | ||
| Q1 25 | $-38.5M | $71.1M | ||
| Q4 24 | $-12.8M | $332.5M | ||
| Q3 24 | $-15.3M | $60.7M | ||
| Q2 24 | $-15.1M | $17.4M |
毛利率NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | 73.6% | 84.2% | ||
| Q3 25 | 74.0% | 83.2% | ||
| Q2 25 | 74.9% | 82.4% | ||
| Q1 25 | 75.9% | 82.4% | ||
| Q4 24 | 76.4% | 82.5% | ||
| Q3 24 | 77.7% | 82.3% | ||
| Q2 24 | 77.8% | 81.7% |
营业利润率NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | 18.1% | ||
| Q3 25 | -6.7% | 15.4% | ||
| Q2 25 | -13.1% | 13.1% | ||
| Q1 25 | -11.1% | 10.3% | ||
| Q4 24 | -7.5% | 8.2% | ||
| Q3 24 | -7.2% | 9.2% | ||
| Q2 24 | -8.7% | 2.6% |
净利率NETSOFI
| Q1 26 | — | 15.2% | ||
| Q4 25 | -2.0% | 16.9% | ||
| Q3 25 | -0.2% | 14.5% | ||
| Q2 25 | -9.8% | 11.4% | ||
| Q1 25 | -8.0% | 9.2% | ||
| Q4 24 | -2.8% | 45.3% | ||
| Q3 24 | -3.6% | 8.7% | ||
| Q2 24 | -3.8% | 2.9% |
每股收益（稀释后）NETSOFI
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.03 | $0.14 | ||
| Q3 25 | $0.00 | $0.11 | ||
| Q2 25 | $-0.15 | $0.08 | ||
| Q1 25 | $-0.11 | $0.06 | ||
| Q4 24 | $-0.05 | $0.31 | ||
| Q3 24 | $-0.04 | $0.05 | ||
| Q2 24 | $-0.04 | $0.01 |
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 | $943.5M | $3.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $10.8B |
| 总资产 | $6.0B | $53.7B |
| 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NETSOFI
| Q1 26 | — | $3.4B | ||
| Q4 25 | $943.5M | $4.9B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $204.5M | $2.1B | ||
| Q4 24 | $147.7M | $2.5B | ||
| Q3 24 | $182.9M | $2.4B | ||
| Q2 24 | $157.0M | $2.3B |
股东权益NETSOFI
| Q1 26 | — | $10.8B | ||
| Q4 25 | $1.5B | $10.5B | ||
| Q3 25 | $1.3B | $8.8B | ||
| Q2 25 | $1.2B | $6.9B | ||
| Q1 25 | $1.4B | $6.7B | ||
| Q4 24 | $1.0B | $6.5B | ||
| Q3 24 | $973.1M | $6.1B | ||
| Q2 24 | $881.5M | $5.9B |
总资产NETSOFI
| Q1 26 | — | $53.7B | ||
| Q4 25 | $6.0B | $50.7B | ||
| Q3 25 | $5.8B | $45.3B | ||
| Q2 25 | $5.6B | $41.1B | ||
| Q1 25 | $3.7B | $37.7B | ||
| Q4 24 | $3.3B | $36.3B | ||
| Q3 24 | $3.1B | $34.4B | ||
| Q2 24 | $2.9B | $32.6B |
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 | $190.4M | — |
| 自由现金流经营现金流 - 资本支出 | $105.2M | — |
| 自由现金流率自由现金流/营收 | 17.1% | — |
| 资本支出强度资本支出/营收 | 13.9% | — |
| 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 | $287.5M | — |
8季度趋势，按日历期对齐
经营现金流NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $-3.7B | ||
| Q3 25 | $167.1M | $-1.3B | ||
| Q2 25 | $99.8M | $-1.5B | ||
| Q1 25 | $145.8M | $21.5M | ||
| Q4 24 | $127.3M | $-1.1B | ||
| Q3 24 | $104.7M | $-1.2B | ||
| Q2 24 | $74.8M | $-484.4M |
自由现金流NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $-4.0B | ||
| Q3 25 | $82.5M | $-1.4B | ||
| Q2 25 | $39.9M | $-1.5B | ||
| Q1 25 | $59.9M | $-31.1M | ||
| Q4 24 | $54.2M | $-1.3B | ||
| Q3 24 | $54.5M | $-1.2B | ||
| Q2 24 | $45.2M | $-521.1M |
自由现金流率NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | -388.8% | ||
| Q3 25 | 14.7% | -142.0% | ||
| Q2 25 | 7.8% | -179.0% | ||
| Q1 25 | 12.5% | -4.0% | ||
| Q4 24 | 11.8% | -173.5% | ||
| Q3 24 | 12.7% | -174.6% | ||
| Q2 24 | 11.3% | -87.0% |
资本支出强度NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 23.7% | ||
| Q3 25 | 15.1% | 6.2% | ||
| Q2 25 | 11.7% | 7.4% | ||
| Q1 25 | 17.9% | 6.8% | ||
| Q4 24 | 15.9% | 21.0% | ||
| Q3 24 | 11.7% | 6.2% | ||
| Q2 24 | 7.4% | 6.1% |
现金转化率NETSOFI
| Q1 26 | — | — | ||
| Q4 25 | — | -21.56× | ||
| Q3 25 | — | -9.37× | ||
| Q2 25 | — | -15.08× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | -3.37× | ||
| Q3 24 | — | -19.32× | ||
| Q2 24 | — | -27.83× |
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
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
SOFI
| Loans and securitizations | $932.2M | 85% |
| Loan origination, sales, securitizations and servicing | $142.2M | 13% |
| Corporate borrowings | $10.7M | 1% |
| Securitizations and warehouses | $10.1M | 1% |
