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NeuroPace Inc（NPCE）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
NeuroPace Inc的季度营收约是REDWOOD TRUST INC的1.0倍（$26.6M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -10.3%，领先87.5%），NeuroPace Inc同比增速更快（23.9% vs -6.1%），过去两年NeuroPace Inc的营收复合增速更高（21.1% vs -41.0%）
NeuroPace Inc是一家专注于神经调控技术的医疗科技企业，核心产品为可植入式响应神经刺激系统，主要用于治疗药物难治性癫痫，通过与医疗机构合作，为北美及部分全球市场的患者提供个性化治疗方案，降低癫痫发作频率。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
NPCE vs RWT — 直观对比
营收规模更大
NPCE
是对方的1.0倍
$25.9M
营收增速更快
NPCE
高出29.9%
-6.1%
净利率更高
RWT
高出87.5%
-10.3%
两年增速更快
NPCE
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $26.6M | $25.9M |
| 净利润 | $-2.7M | $20.0M |
| 毛利率 | 77.4% | — |
| 营业利润率 | -6.6% | — |
| 净利率 | -10.3% | 77.2% |
| 营收同比 | 23.9% | -6.1% |
| 净利润同比 | 48.0% | 402.6% |
| 每股收益（稀释后） | $-0.08 | $0.11 |
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NPCERWT
| Q4 25 | $26.6M | $25.9M | ||
| Q3 25 | $27.4M | $15.0M | ||
| Q2 25 | $23.5M | $13.8M | ||
| Q1 25 | $22.5M | $27.9M | ||
| Q4 24 | $21.5M | $27.6M | ||
| Q3 24 | $21.1M | $25.5M | ||
| Q2 24 | $19.3M | $67.4M | ||
| Q1 24 | $18.1M | $74.5M |
净利润NPCERWT
| Q4 25 | $-2.7M | $20.0M | ||
| Q3 25 | $-3.5M | $-7.7M | ||
| Q2 25 | $-8.7M | $-98.5M | ||
| Q1 25 | $-6.6M | $16.1M | ||
| Q4 24 | $-5.3M | $-6.6M | ||
| Q3 24 | $-5.5M | $14.8M | ||
| Q2 24 | $-7.5M | $15.5M | ||
| Q1 24 | $-8.9M | $30.3M |
毛利率NPCERWT
| Q4 25 | 77.4% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 77.1% | — | ||
| Q1 25 | 77.0% | — | ||
| Q4 24 | 75.4% | — | ||
| Q3 24 | 73.2% | — | ||
| Q2 24 | 73.4% | — | ||
| Q1 24 | 73.6% | — |
营业利润率NPCERWT
| Q4 25 | -6.6% | — | ||
| Q3 25 | -9.5% | -9.0% | ||
| Q2 25 | -29.0% | -679.0% | ||
| Q1 25 | -22.9% | 80.2% | ||
| Q4 24 | -17.0% | -1.3% | ||
| Q3 24 | -20.1% | 86.1% | ||
| Q2 24 | -32.4% | 30.3% | ||
| Q1 24 | -41.6% | 41.3% |
净利率NPCERWT
| Q4 25 | -10.3% | 77.2% | ||
| Q3 25 | -12.8% | -51.4% | ||
| Q2 25 | -36.8% | -712.0% | ||
| Q1 25 | -29.3% | 57.8% | ||
| Q4 24 | -24.5% | -24.0% | ||
| Q3 24 | -25.9% | 58.1% | ||
| Q2 24 | -39.0% | 23.0% | ||
| Q1 24 | -49.2% | 40.6% |
每股收益（稀释后）NPCERWT
| Q4 25 | $-0.08 | $0.11 | ||
| Q3 25 | $-0.11 | $-0.08 | ||
| Q2 25 | $-0.26 | $-0.76 | ||
| Q1 25 | $-0.21 | $0.10 | ||
| Q4 24 | $-0.16 | $-0.08 | ||
| Q3 24 | $-0.19 | $0.09 | ||
| Q2 24 | $-0.26 | $0.10 | ||
| Q1 24 | $-0.32 | $0.21 |
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 | $61.1M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.0M | $982.6M |
| 总资产 | $105.6M | $23.7B |
| 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NPCERWT
| Q4 25 | $61.1M | $255.7M | ||
| Q3 25 | $60.0M | $226.3M | ||
| Q2 25 | $62.1M | $302.0M | ||
| Q1 25 | $66.3M | $259.9M | ||
| Q4 24 | $52.8M | $245.2M | ||
| Q3 24 | $56.8M | $253.7M | ||
| Q2 24 | $55.5M | $275.6M | ||
| Q1 24 | $58.9M | $275.4M |
总债务NPCERWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益NPCERWT
| Q4 25 | $19.0M | $982.6M | ||
| Q3 25 | $18.5M | $999.0M | ||
| Q2 25 | $19.4M | $1.1B | ||
| Q1 25 | $24.3M | $1.2B | ||
| Q4 24 | $8.0M | $1.2B | ||
| Q3 24 | $9.8M | $1.2B | ||
| Q2 24 | $9.9M | $1.2B | ||
| Q1 24 | $14.3M | $1.2B |
总资产NPCERWT
| Q4 25 | $105.6M | $23.7B | ||
| Q3 25 | $107.3M | $22.6B | ||
| Q2 25 | $106.1M | $21.3B | ||
| Q1 25 | $110.2M | $19.9B | ||
| Q4 24 | $94.6M | $18.3B | ||
| Q3 24 | $96.3M | $18.4B | ||
| Q2 24 | $94.4M | $16.5B | ||
| Q1 24 | $98.9M | $15.1B |
负债/权益比NPCERWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $506.0K | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $409.0K | — |
| 自由现金流率自由现金流/营收 | 1.5% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-11.3M | — |
8季度趋势，按日历期对齐
经营现金流NPCERWT
| Q4 25 | $506.0K | $-10.1B | ||
| Q3 25 | $-1.9M | $-2.7B | ||
| Q2 25 | $-2.1M | $-2.1B | ||
| Q1 25 | $-7.5M | $-2.0B | ||
| Q4 24 | $-4.8M | $-5.9B | ||
| Q3 24 | $-1.7M | $-2.1B | ||
| Q2 24 | $-3.9M | $-2.0B | ||
| Q1 24 | $-7.5M | $-954.2M |
自由现金流NPCERWT
| Q4 25 | $409.0K | — | ||
| Q3 25 | $-2.0M | — | ||
| Q2 25 | $-2.3M | — | ||
| Q1 25 | $-7.5M | — | ||
| Q4 24 | $-4.8M | — | ||
| Q3 24 | $-1.8M | — | ||
| Q2 24 | $-4.0M | — | ||
| Q1 24 | $-7.6M | — |
自由现金流率NPCERWT
| Q4 25 | 1.5% | — | ||
| Q3 25 | -7.2% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -33.4% | — | ||
| Q4 24 | -22.5% | — | ||
| Q3 24 | -8.7% | — | ||
| Q2 24 | -20.6% | — | ||
| Q1 24 | -42.1% | — |
资本支出强度NPCERWT
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.6% | — |
现金转化率NPCERWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
