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Offerpad Solutions Inc.（OPAD）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
Offerpad Solutions Inc.的季度营收约是IMPINJ INC的1.5倍（$114.1M vs $74.3M），IMPINJ INC同比增速更快（-0.0% vs -34.5%），Offerpad Solutions Inc.自由现金流更多（$65.7M vs $2.2M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -36.8%）
Offerpad Solutions Inc是美国知名房地产科技企业，专注于简化住宅房产交易流程，采用iBuyer模式直接向卖家收购房屋，完成翻新后挂牌出售，同时提供按揭、产权服务、灵活搬迁方案等配套服务，业务覆盖美国数十个州。
Impinj Inc.是一家美国射频识别（RFID）设备及软件提供商，成立于2000年，总部位于华盛顿州西雅图，源自加州理工学院Carver Mead与Chris Diorio的研究成果。公司主营EPC Class 1 Gen 2无源超高频RFID芯片、读写器、读写器芯片、天线，以及芯片编码、业务数据采集相关的软件应用，为各行业RFID应用提供全链路产品支持。
OPAD vs PI — 直观对比
营收规模更大
OPAD
是对方的1.5倍
$74.3M
营收增速更快
PI
高出34.5%
-34.5%
自由现金流更多
OPAD
多$63.5M
$2.2M
两年增速更快
PI
近两年复合增速
-36.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $114.1M | $74.3M |
| 净利润 | — | $8.3M |
| 毛利率 | 7.0% | 49.1% |
| 营业利润率 | — | 30.5% |
| 净利率 | — | 11.2% |
| 营收同比 | -34.5% | -0.0% |
| 净利润同比 | 49.1% | — |
| 每股收益（稀释后） | — | $0.14 |
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OPADPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $114.1M | $92.8M | ||
| Q3 25 | $132.7M | $96.1M | ||
| Q2 25 | $160.3M | $97.9M | ||
| Q1 25 | $160.7M | $74.3M | ||
| Q4 24 | $174.3M | $91.6M | ||
| Q3 24 | $208.1M | $95.2M | ||
| Q2 24 | $251.1M | $102.5M |
净利润OPADPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | — | $-1.1M | ||
| Q3 25 | $-11.6M | $-12.8M | ||
| Q2 25 | $-10.9M | $11.6M | ||
| Q1 25 | $-15.1M | $-8.5M | ||
| Q4 24 | $-17.3M | $-2.7M | ||
| Q3 24 | $-13.5M | $221.0K | ||
| Q2 24 | $-13.8M | $10.0M |
毛利率OPADPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 7.0% | 51.8% | ||
| Q3 25 | 7.0% | 50.3% | ||
| Q2 25 | 8.9% | 57.8% | ||
| Q1 25 | 6.5% | 49.4% | ||
| Q4 24 | 6.1% | 50.5% | ||
| Q3 24 | 8.2% | 50.0% | ||
| Q2 24 | 8.7% | 56.1% |
营业利润率OPADPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | -5.1% | 0.7% | ||
| Q2 25 | -4.9% | 11.1% | ||
| Q1 25 | -7.2% | -12.9% | ||
| Q4 24 | -7.8% | -3.9% | ||
| Q3 24 | -4.3% | -0.8% | ||
| Q2 24 | -3.9% | 8.8% |
净利率OPADPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | — | -1.2% | ||
| Q3 25 | -8.7% | -13.3% | ||
| Q2 25 | -6.8% | 11.8% | ||
| Q1 25 | -9.4% | -11.4% | ||
| Q4 24 | -9.9% | -2.9% | ||
| Q3 24 | -6.5% | 0.2% | ||
| Q2 24 | -5.5% | 9.7% |
每股收益（稀释后）OPADPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.37 | $-0.44 | ||
| Q2 25 | $-0.39 | $0.39 | ||
| Q1 25 | $-0.55 | $-0.30 | ||
| Q4 24 | $-0.64 | $-0.06 | ||
| Q3 24 | $-0.49 | $0.01 | ||
| Q2 24 | $-0.50 | $0.34 |
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 | $26.5M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $38.2M | — |
| 总资产 | $154.8M | $502.5M |
| 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OPADPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $26.5M | $175.3M | ||
| Q3 25 | $31.0M | $190.1M | ||
| Q2 25 | $22.6M | $193.2M | ||
| Q1 25 | $30.8M | $147.9M | ||
| Q4 24 | $43.0M | $164.7M | ||
| Q3 24 | $48.5M | $170.3M | ||
| Q2 24 | $56.9M | $220.2M |
总债务OPADPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益OPADPI
| Q1 26 | — | — | ||
| Q4 25 | $38.2M | $209.2M | ||
| Q3 25 | $39.9M | $195.0M | ||
| Q2 25 | $24.5M | $187.7M | ||
| Q1 25 | $34.2M | $160.6M | ||
| Q4 24 | $47.7M | $149.9M | ||
| Q3 24 | $64.7M | $136.1M | ||
| Q2 24 | $77.6M | $117.0M |
总资产OPADPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $154.8M | $545.2M | ||
| Q3 25 | $223.5M | $516.5M | ||
| Q2 25 | $268.0M | $508.8M | ||
| Q1 25 | $274.5M | $479.8M | ||
| Q4 24 | $313.1M | $489.1M | ||
| Q3 24 | $338.5M | $476.4M | ||
| Q2 24 | $406.6M | $446.1M |
负债/权益比OPADPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $66.8M | — |
| 自由现金流经营现金流 - 资本支出 | $65.7M | $2.2M |
| 自由现金流率自由现金流/营收 | 57.6% | 3.0% |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 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 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流OPADPI
| Q1 26 | — | — | ||
| Q4 25 | $66.8M | $15.1M | ||
| Q3 25 | $40.0M | $20.9M | ||
| Q2 25 | $-13.5M | $33.9M | ||
| Q1 25 | $-10.2M | $-11.1M | ||
| Q4 24 | $20.8M | $12.6M | ||
| Q3 24 | $39.6M | $10.1M | ||
| Q2 24 | $-54.4M | $45.5M |
自由现金流OPADPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $65.7M | $13.6M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $-13.6M | $27.3M | ||
| Q1 25 | $-11.2M | $-13.0M | ||
| Q4 24 | $15.4M | $8.5M | ||
| Q3 24 | $38.7M | $4.7M | ||
| Q2 24 | $-54.4M | $44.1M |
自由现金流率OPADPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 57.6% | 14.7% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | -8.5% | 27.9% | ||
| Q1 25 | -7.0% | -17.5% | ||
| Q4 24 | 8.9% | 9.3% | ||
| Q3 24 | 18.6% | 4.9% | ||
| Q2 24 | -21.7% | 43.0% |
资本支出强度OPADPI
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 1.6% | ||
| Q3 25 | 0.0% | 3.1% | ||
| Q2 25 | 0.1% | 6.7% | ||
| Q1 25 | 0.6% | 2.5% | ||
| Q4 24 | 3.1% | 4.5% | ||
| Q3 24 | 0.4% | 5.7% | ||
| Q2 24 | 0.0% | 1.3% |
现金转化率OPADPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 45.56× | ||
| Q2 24 | — | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
