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ON24 INC.（ONTF）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
万物新生的季度营收约是ON24 INC.的1.2倍（$43.2M vs $34.6M），万物新生净利率更高（16.9% vs -18.8%，领先35.7%）
ON24 INC.是一家总部位于美国旧金山的企业，为B2B企业的营销与销售团队提供基于云的SaaS服务，开发并提供网络研讨会、虚拟会议、内容中心与着陆页应用，2023年其服务范围已扩展至生成式AI领域。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
ONTF vs RERE — 直观对比
营收规模更大
RERE
是对方的1.2倍
$34.6M
净利率更高
RERE
高出35.7%
-18.8%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $34.6M | $43.2M |
| 净利润 | $-6.5M | $7.3M |
| 毛利率 | 74.9% | — |
| 营业利润率 | -23.5% | — |
| 净利率 | -18.8% | 16.9% |
| 营收同比 | -5.6% | — |
| 净利润同比 | 26.8% | — |
| 每股收益（稀释后） | $-0.15 | — |
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ONTFRERE
| Q4 25 | $34.6M | — | ||
| Q3 25 | $34.6M | — | ||
| Q2 25 | $35.3M | — | ||
| Q1 25 | $34.7M | — | ||
| Q4 24 | $36.7M | — | ||
| Q3 24 | $36.3M | — | ||
| Q2 24 | $37.3M | — | ||
| Q1 24 | $37.7M | — |
净利润ONTFRERE
| Q4 25 | $-6.5M | — | ||
| Q3 25 | $-6.4M | — | ||
| Q2 25 | $-7.3M | — | ||
| Q1 25 | $-8.7M | — | ||
| Q4 24 | $-8.9M | — | ||
| Q3 24 | $-11.4M | — | ||
| Q2 24 | $-11.2M | — | ||
| Q1 24 | $-10.7M | — |
毛利率ONTFRERE
| Q4 25 | 74.9% | — | ||
| Q3 25 | 74.7% | — | ||
| Q2 25 | 75.1% | — | ||
| Q1 25 | 73.8% | — | ||
| Q4 24 | 74.5% | — | ||
| Q3 24 | 74.3% | — | ||
| Q2 24 | 74.5% | — | ||
| Q1 24 | 74.1% | — |
营业利润率ONTFRERE
| Q4 25 | -23.5% | — | ||
| Q3 25 | -23.1% | — | ||
| Q2 25 | -26.0% | — | ||
| Q1 25 | -30.1% | — | ||
| Q4 24 | -32.1% | — | ||
| Q3 24 | -36.7% | — | ||
| Q2 24 | -35.0% | — | ||
| Q1 24 | -33.1% | — |
净利率ONTFRERE
| Q4 25 | -18.8% | — | ||
| Q3 25 | -18.4% | — | ||
| Q2 25 | -20.6% | — | ||
| Q1 25 | -25.1% | — | ||
| Q4 24 | -24.2% | — | ||
| Q3 24 | -31.4% | — | ||
| Q2 24 | -29.9% | — | ||
| Q1 24 | -28.4% | — |
每股收益（稀释后）ONTFRERE
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $-0.17 | — | ||
| Q1 25 | $-0.21 | — | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | $-0.27 | — | ||
| Q2 24 | $-0.27 | — | ||
| Q1 24 | $-0.26 | — |
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 | $37.0M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $139.4M | $557.1M |
| 总资产 | $228.4M | $722.9M |
| 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ONTFRERE
| Q4 25 | $37.0M | — | ||
| Q3 25 | $47.2M | — | ||
| Q2 25 | $37.7M | — | ||
| Q1 25 | $26.8M | — | ||
| Q4 24 | $14.9M | — | ||
| Q3 24 | $11.0M | — | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $18.3M | — |
股东权益ONTFRERE
| Q4 25 | $139.4M | — | ||
| Q3 25 | $144.3M | — | ||
| Q2 25 | $150.0M | — | ||
| Q1 25 | $153.7M | — | ||
| Q4 24 | $159.4M | — | ||
| Q3 24 | $164.9M | — | ||
| Q2 24 | $170.8M | — | ||
| Q1 24 | $174.4M | — |
总资产ONTFRERE
| Q4 25 | $228.4M | — | ||
| Q3 25 | $224.8M | — | ||
| Q2 25 | $235.1M | — | ||
| Q1 25 | $245.8M | — | ||
| Q4 24 | $251.0M | — | ||
| Q3 24 | $250.9M | — | ||
| Q2 24 | $259.0M | — | ||
| Q1 24 | $269.2M | — |
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 | $-1.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-2.2M | — |
| 自由现金流率自由现金流/营收 | -6.4% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | $4.0M | — |
8季度趋势，按日历期对齐
经营现金流ONTFRERE
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $2.5M | — | ||
| Q2 25 | $2.6M | — | ||
| Q1 25 | $3.4M | — | ||
| Q4 24 | $985.0K | — | ||
| Q3 24 | $295.0K | — | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $2.1M | — |
自由现金流ONTFRERE
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $2.2M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $424.0K | — | ||
| Q3 24 | $143.0K | — | ||
| Q2 24 | $898.0K | — | ||
| Q1 24 | $1.1M | — |
自由现金流率ONTFRERE
| Q4 25 | -6.4% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 2.9% | — |
资本支出强度ONTFRERE
| Q4 25 | 3.3% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 2.8% | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
