vs
NeuroPace Inc（NPCE）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是NeuroPace Inc的1.8倍（$46.8M vs $26.6M），NeuroPace Inc净利率更高（-10.3% vs -34.9%，领先24.6%），TELOS CORP同比增速更快（77.4% vs 23.9%），TELOS CORP自由现金流更多（$8.0M vs $409.0K），过去两年TELOS CORP的营收复合增速更高（25.7% vs 21.1%）
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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
NPCE vs TLS — 直观对比
营收规模更大
TLS
是对方的1.8倍
$26.6M
营收增速更快
TLS
高出53.5%
23.9%
净利率更高
NPCE
高出24.6%
-34.9%
自由现金流更多
TLS
多$7.5M
$409.0K
两年增速更快
TLS
近两年复合增速
21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $26.6M | $46.8M |
| 净利润 | $-2.7M | $-16.3M |
| 毛利率 | 77.4% | 35.0% |
| 营业利润率 | -6.6% | -39.6% |
| 净利率 | -10.3% | -34.9% |
| 营收同比 | 23.9% | 77.4% |
| 净利润同比 | 48.0% | -74.8% |
| 每股收益（稀释后） | $-0.08 | $-0.22 |
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NPCETLS
| Q4 25 | $26.6M | $46.8M | ||
| Q3 25 | $27.4M | $51.4M | ||
| Q2 25 | $23.5M | $36.0M | ||
| Q1 25 | $22.5M | $30.6M | ||
| Q4 24 | $21.5M | $26.4M | ||
| Q3 24 | $21.1M | $23.8M | ||
| Q2 24 | $19.3M | $28.5M | ||
| Q1 24 | $18.1M | $29.6M |
净利润NPCETLS
| Q4 25 | $-2.7M | $-16.3M | ||
| Q3 25 | $-3.5M | $-2.1M | ||
| Q2 25 | $-8.7M | $-9.5M | ||
| Q1 25 | $-6.6M | $-8.6M | ||
| Q4 24 | $-5.3M | $-9.3M | ||
| Q3 24 | $-5.5M | $-28.1M | ||
| Q2 24 | $-7.5M | $-7.8M | ||
| Q1 24 | $-8.9M | $-7.4M |
毛利率NPCETLS
| Q4 25 | 77.4% | 35.0% | ||
| Q3 25 | 77.4% | 39.9% | ||
| Q2 25 | 77.1% | 33.2% | ||
| Q1 25 | 77.0% | 39.8% | ||
| Q4 24 | 75.4% | 40.3% | ||
| Q3 24 | 73.2% | 13.2% | ||
| Q2 24 | 73.4% | 34.1% | ||
| Q1 24 | 73.6% | 37.0% |
营业利润率NPCETLS
| Q4 25 | -6.6% | -39.6% | ||
| Q3 25 | -9.5% | -4.8% | ||
| Q2 25 | -29.0% | -27.5% | ||
| Q1 25 | -22.9% | -29.5% | ||
| Q4 24 | -17.0% | -37.6% | ||
| Q3 24 | -20.1% | -121.4% | ||
| Q2 24 | -32.4% | -30.3% | ||
| Q1 24 | -41.6% | -28.5% |
净利率NPCETLS
| Q4 25 | -10.3% | -34.9% | ||
| Q3 25 | -12.8% | -4.1% | ||
| Q2 25 | -36.8% | -26.5% | ||
| Q1 25 | -29.3% | -28.1% | ||
| Q4 24 | -24.5% | -35.4% | ||
| Q3 24 | -25.9% | -118.0% | ||
| Q2 24 | -39.0% | -27.2% | ||
| Q1 24 | -49.2% | -24.9% |
每股收益（稀释后）NPCETLS
| Q4 25 | $-0.08 | $-0.22 | ||
| Q3 25 | $-0.11 | $-0.03 | ||
| Q2 25 | $-0.26 | $-0.13 | ||
| Q1 25 | $-0.21 | $-0.12 | ||
| Q4 24 | $-0.16 | $-0.13 | ||
| Q3 24 | $-0.19 | $-0.39 | ||
| Q2 24 | $-0.26 | $-0.11 | ||
| Q1 24 | $-0.32 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.0M | $96.0M |
| 总资产 | $105.6M | $139.9M |
| 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NPCETLS
| Q4 25 | $61.1M | $53.2M | ||
| Q3 25 | $60.0M | $59.0M | ||
| Q2 25 | $62.1M | $57.0M | ||
| Q1 25 | $66.3M | $57.8M | ||
| Q4 24 | $52.8M | $54.6M | ||
| Q3 24 | $56.8M | $69.8M | ||
| Q2 24 | $55.5M | $80.1M | ||
| Q1 24 | $58.9M | $93.9M |
股东权益NPCETLS
| Q4 25 | $19.0M | $96.0M | ||
| Q3 25 | $18.5M | $119.7M | ||
| Q2 25 | $19.4M | $118.4M | ||
| Q1 25 | $24.3M | $126.1M | ||
| Q4 24 | $8.0M | $127.1M | ||
| Q3 24 | $9.8M | $129.5M | ||
| Q2 24 | $9.9M | $149.1M | ||
| Q1 24 | $14.3M | $154.4M |
总资产NPCETLS
| Q4 25 | $105.6M | $139.9M | ||
| Q3 25 | $107.3M | $164.3M | ||
| Q2 25 | $106.1M | $165.0M | ||
| Q1 25 | $110.2M | $158.1M | ||
| Q4 24 | $94.6M | $158.2M | ||
| Q3 24 | $96.3M | $166.3M | ||
| Q2 24 | $94.4M | $182.4M | ||
| Q1 24 | $98.9M | $195.4M |
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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $409.0K | $8.0M |
| 自由现金流率自由现金流/营收 | 1.5% | 17.0% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $-11.3M | $29.4M |
8季度趋势，按日历期对齐
经营现金流NPCETLS
| Q4 25 | $506.0K | $8.0M | ||
| Q3 25 | $-1.9M | $9.1M | ||
| Q2 25 | $-2.1M | $7.0M | ||
| Q1 25 | $-7.5M | $6.1M | ||
| Q4 24 | $-4.8M | $-10.5M | ||
| Q3 24 | $-1.7M | $-7.1M | ||
| Q2 24 | $-3.9M | $-8.0M | ||
| Q1 24 | $-7.5M | $-350.0K |
自由现金流NPCETLS
| Q4 25 | $409.0K | $8.0M | ||
| Q3 25 | $-2.0M | $8.7M | ||
| Q2 25 | $-2.3M | $6.8M | ||
| Q1 25 | $-7.5M | $6.0M | ||
| Q4 24 | $-4.8M | $-12.4M | ||
| Q3 24 | $-1.8M | $-7.1M | ||
| Q2 24 | $-4.0M | $-8.2M | ||
| Q1 24 | $-7.6M | $-447.0K |
自由现金流率NPCETLS
| Q4 25 | 1.5% | 17.0% | ||
| Q3 25 | -7.2% | 16.9% | ||
| Q2 25 | -9.6% | 19.0% | ||
| Q1 25 | -33.4% | 19.5% | ||
| Q4 24 | -22.5% | -47.0% | ||
| Q3 24 | -8.7% | -30.0% | ||
| Q2 24 | -20.6% | -28.9% | ||
| Q1 24 | -42.1% | -1.5% |
资本支出强度NPCETLS
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.2% | 7.1% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 0.3% | 0.8% | ||
| Q1 24 | 0.6% | 0.3% |
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
NPCE
暂无分部数据
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
