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Offerpad Solutions Inc.（OPAD）与Repay Holdings Corp（RPAY）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Repay Holdings Corp的1.5倍（$114.1M vs $78.6M），Repay Holdings Corp同比增速更快（0.4% vs -34.5%），Offerpad Solutions Inc.自由现金流更多（$65.7M vs $23.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% 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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
OPAD vs RPAY — 直观对比
营收规模更大
OPAD
是对方的1.5倍
$78.6M
营收增速更快
RPAY
高出34.9%
-34.5%
自由现金流更多
OPAD
多$42.5M
$23.2M
两年增速更快
RPAY
近两年复合增速
-36.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.1M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 7.0% | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | -34.5% | 0.4% |
| 净利润同比 | 49.1% | -3304.1% |
| 每股收益（稀释后） | — | $-1.68 |
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OPADRPAY
| Q4 25 | $114.1M | $78.6M | ||
| Q3 25 | $132.7M | $77.7M | ||
| Q2 25 | $160.3M | $75.6M | ||
| Q1 25 | $160.7M | $77.3M | ||
| Q4 24 | $174.3M | $78.3M | ||
| Q3 24 | $208.1M | $79.1M | ||
| Q2 24 | $251.1M | $74.9M | ||
| Q1 24 | $285.4M | $80.7M |
净利润OPADRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-11.6M | $-6.4M | ||
| Q2 25 | $-10.9M | $-102.3M | ||
| Q1 25 | $-15.1M | $-7.9M | ||
| Q4 24 | $-17.3M | $-4.1M | ||
| Q3 24 | $-13.5M | $3.2M | ||
| Q2 24 | $-13.8M | $-4.1M | ||
| Q1 24 | $-17.5M | $-5.2M |
毛利率OPADRPAY
| Q4 25 | 7.0% | 74.2% | ||
| Q3 25 | 7.0% | 74.4% | ||
| Q2 25 | 8.9% | 75.7% | ||
| Q1 25 | 6.5% | 75.9% | ||
| Q4 24 | 6.1% | 76.3% | ||
| Q3 24 | 8.2% | 77.8% | ||
| Q2 24 | 8.7% | 78.2% | ||
| Q1 24 | 7.9% | 76.2% |
营业利润率OPADRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | -5.1% | -3.9% | ||
| Q2 25 | -4.9% | -138.7% | ||
| Q1 25 | -7.2% | -4.7% | ||
| Q4 24 | -7.8% | -1.5% | ||
| Q3 24 | -4.3% | -0.9% | ||
| Q2 24 | -3.9% | -4.6% | ||
| Q1 24 | -4.8% | -3.1% |
净利率OPADRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -8.7% | -8.3% | ||
| Q2 25 | -6.8% | -135.2% | ||
| Q1 25 | -9.4% | -10.3% | ||
| Q4 24 | -9.9% | -5.3% | ||
| Q3 24 | -6.5% | 4.1% | ||
| Q2 24 | -5.5% | -5.4% | ||
| Q1 24 | -6.1% | -6.5% |
每股收益（稀释后）OPADRPAY
| Q4 25 | — | $-1.68 | ||
| Q3 25 | $-0.37 | $-0.08 | ||
| Q2 25 | $-0.39 | $-1.15 | ||
| Q1 25 | $-0.55 | $-0.09 | ||
| Q4 24 | $-0.64 | $-0.04 | ||
| Q3 24 | $-0.49 | $0.03 | ||
| Q2 24 | $-0.50 | $-0.04 | ||
| Q1 24 | $-0.64 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $38.2M | $484.4M |
| 总资产 | $154.8M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资OPADRPAY
| Q4 25 | $26.5M | $115.7M | ||
| Q3 25 | $31.0M | $95.7M | ||
| Q2 25 | $22.6M | $162.6M | ||
| Q1 25 | $30.8M | $165.5M | ||
| Q4 24 | $43.0M | $189.5M | ||
| Q3 24 | $48.5M | $168.7M | ||
| Q2 24 | $56.9M | $147.1M | ||
| Q1 24 | $68.5M | $128.3M |
总债务OPADRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益OPADRPAY
| Q4 25 | $38.2M | $484.4M | ||
| Q3 25 | $39.9M | $616.9M | ||
| Q2 25 | $24.5M | $633.7M | ||
| Q1 25 | $34.2M | $755.7M | ||
| Q4 24 | $47.7M | $761.3M | ||
| Q3 24 | $64.7M | $754.7M | ||
| Q2 24 | $77.6M | $815.4M | ||
| Q1 24 | $88.1M | $813.8M |
总资产OPADRPAY
| Q4 25 | $154.8M | $1.2B | ||
| Q3 25 | $223.5M | $1.3B | ||
| Q2 25 | $268.0M | $1.4B | ||
| Q1 25 | $274.5M | $1.5B | ||
| Q4 24 | $313.1M | $1.6B | ||
| Q3 24 | $338.5M | $1.6B | ||
| Q2 24 | $406.6M | $1.5B | ||
| Q1 24 | $369.7M | $1.5B |
负债/权益比OPADRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $65.7M | $23.2M |
| 自由现金流率自由现金流/营收 | 57.6% | 29.6% |
| 资本支出强度资本支出/营收 | 0.9% | 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流OPADRPAY
| Q4 25 | $66.8M | $23.3M | ||
| Q3 25 | $40.0M | $32.2M | ||
| Q2 25 | $-13.5M | $33.1M | ||
| Q1 25 | $-10.2M | $2.5M | ||
| Q4 24 | $20.8M | $34.3M | ||
| Q3 24 | $39.6M | $60.1M | ||
| Q2 24 | $-54.4M | $31.0M | ||
| Q1 24 | $2.4M | $24.8M |
自由现金流OPADRPAY
| Q4 25 | $65.7M | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | $-13.6M | $33.0M | ||
| Q1 25 | $-11.2M | $2.4M | ||
| Q4 24 | $15.4M | $34.0M | ||
| Q3 24 | $38.7M | $59.8M | ||
| Q2 24 | $-54.4M | $30.5M | ||
| Q1 24 | $2.0M | $24.7M |
自由现金流率OPADRPAY
| Q4 25 | 57.6% | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | -8.5% | 43.6% | ||
| Q1 25 | -7.0% | 3.0% | ||
| Q4 24 | 8.9% | 43.5% | ||
| Q3 24 | 18.6% | 75.6% | ||
| Q2 24 | -21.7% | 40.7% | ||
| Q1 24 | 0.7% | 30.6% |
资本支出强度OPADRPAY
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.1% | 0.1% |
现金转化率OPADRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
OPAD
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
