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PDF SOLUTIONS INC（PDFS）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
Repay Holdings Corp的季度营收约是PDF SOLUTIONS INC的1.3倍（$78.6M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -178.3%，领先178.2%），PDF SOLUTIONS INC同比增速更快（24.6% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -1.3%）
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
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。
PDFS vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$62.4M
营收增速更快
PDFS
高出24.2%
0.4%
净利率更高
PDFS
高出178.2%
-178.3%
自由现金流更多
RPAY
多$15.7M
$7.5M
两年增速更快
PDFS
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $78.6M |
| 净利润 | $-48.0K | $-140.1M |
| 毛利率 | 72.9% | 74.2% |
| 营业利润率 | 5.5% | -182.2% |
| 净利率 | -0.1% | -178.3% |
| 营收同比 | 24.6% | 0.4% |
| 净利润同比 | -108.9% | -3304.1% |
| 每股收益（稀释后） | $0.00 | $-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PDFSRPAY
| Q4 25 | $62.4M | $78.6M | ||
| Q3 25 | $57.1M | $77.7M | ||
| Q2 25 | $51.7M | $75.6M | ||
| Q1 25 | $47.8M | $77.3M | ||
| Q4 24 | $50.1M | $78.3M | ||
| Q3 24 | $46.4M | $79.1M | ||
| Q2 24 | $41.7M | $74.9M | ||
| Q1 24 | $41.3M | $80.7M |
净利润PDFSRPAY
| Q4 25 | $-48.0K | $-140.1M | ||
| Q3 25 | $1.3M | $-6.4M | ||
| Q2 25 | $1.1M | $-102.3M | ||
| Q1 25 | $-3.0M | $-7.9M | ||
| Q4 24 | $539.0K | $-4.1M | ||
| Q3 24 | $2.2M | $3.2M | ||
| Q2 24 | $1.7M | $-4.1M | ||
| Q1 24 | $-393.0K | $-5.2M |
毛利率PDFSRPAY
| Q4 25 | 72.9% | 74.2% | ||
| Q3 25 | 72.3% | 74.4% | ||
| Q2 25 | 71.2% | 75.7% | ||
| Q1 25 | 72.9% | 75.9% | ||
| Q4 24 | 68.3% | 76.3% | ||
| Q3 24 | 73.1% | 77.8% | ||
| Q2 24 | 70.6% | 78.2% | ||
| Q1 24 | 67.3% | 76.2% |
营业利润率PDFSRPAY
| Q4 25 | 5.5% | -182.2% | ||
| Q3 25 | 8.5% | -3.9% | ||
| Q2 25 | 2.2% | -138.7% | ||
| Q1 25 | -7.4% | -4.7% | ||
| Q4 24 | 1.0% | -1.5% | ||
| Q3 24 | 4.6% | -0.9% | ||
| Q2 24 | 0.6% | -4.6% | ||
| Q1 24 | -4.7% | -3.1% |
净利率PDFSRPAY
| Q4 25 | -0.1% | -178.3% | ||
| Q3 25 | 2.3% | -8.3% | ||
| Q2 25 | 2.2% | -135.2% | ||
| Q1 25 | -6.3% | -10.3% | ||
| Q4 24 | 1.1% | -5.3% | ||
| Q3 24 | 4.8% | 4.1% | ||
| Q2 24 | 4.1% | -5.4% | ||
| Q1 24 | -1.0% | -6.5% |
每股收益（稀释后）PDFSRPAY
| Q4 25 | $0.00 | $-1.68 | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | $0.03 | $-1.15 | ||
| Q1 25 | $-0.08 | $-0.09 | ||
| Q4 24 | $0.01 | $-0.04 | ||
| Q3 24 | $0.06 | $0.03 | ||
| Q2 24 | $0.04 | $-0.04 | ||
| Q1 24 | $-0.01 | $-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 | $42.2M | $115.7M |
| 总债务越低越好 | $67.0M | $280.1M |
| 股东权益账面价值 | $271.0M | $484.4M |
| 总资产 | $418.7M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资PDFSRPAY
| Q4 25 | $42.2M | $115.7M | ||
| Q3 25 | $35.9M | $95.7M | ||
| Q2 25 | $40.4M | $162.6M | ||
| Q1 25 | $54.1M | $165.5M | ||
| Q4 24 | $114.9M | $189.5M | ||
| Q3 24 | $120.2M | $168.7M | ||
| Q2 24 | $117.9M | $147.1M | ||
| Q1 24 | $122.9M | $128.3M |
总债务PDFSRPAY
| Q4 25 | $67.0M | $280.1M | ||
| Q3 25 | $67.6M | $279.5M | ||
| Q2 25 | $68.1M | $279.0M | ||
| Q1 25 | $68.7M | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益PDFSRPAY
| Q4 25 | $271.0M | $484.4M | ||
| Q3 25 | $264.4M | $616.9M | ||
| Q2 25 | $257.5M | $633.7M | ||
| Q1 25 | $249.0M | $755.7M | ||
| Q4 24 | $246.0M | $761.3M | ||
| Q3 24 | $240.5M | $754.7M | ||
| Q2 24 | $232.2M | $815.4M | ||
| Q1 24 | $225.4M | $813.8M |
总资产PDFSRPAY
| Q4 25 | $418.7M | $1.2B | ||
| Q3 25 | $406.4M | $1.3B | ||
| Q2 25 | $391.1M | $1.4B | ||
| Q1 25 | $390.0M | $1.5B | ||
| Q4 24 | $315.3M | $1.6B | ||
| Q3 24 | $307.4M | $1.6B | ||
| Q2 24 | $298.0M | $1.5B | ||
| Q1 24 | $286.8M | $1.5B |
负债/权益比PDFSRPAY
| Q4 25 | 0.25× | 0.58× | ||
| Q3 25 | 0.26× | 0.45× | ||
| Q2 25 | 0.26× | 0.44× | ||
| Q1 25 | 0.28× | 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 | $17.3M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $7.5M | $23.2M |
| 自由现金流率自由现金流/营收 | 12.1% | 29.6% |
| 资本支出强度资本支出/营收 | 15.7% | 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 | $-8.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流PDFSRPAY
| Q4 25 | $17.3M | $23.3M | ||
| Q3 25 | $3.3M | $32.2M | ||
| Q2 25 | $-5.2M | $33.1M | ||
| Q1 25 | $8.6M | $2.5M | ||
| Q4 24 | $1.6M | $34.3M | ||
| Q3 24 | $9.3M | $60.1M | ||
| Q2 24 | $684.0K | $31.0M | ||
| Q1 24 | $-1.9M | $24.8M |
自由现金流PDFSRPAY
| Q4 25 | $7.5M | $23.2M | ||
| Q3 25 | $-2.9M | $32.1M | ||
| Q2 25 | $-13.8M | $33.0M | ||
| Q1 25 | $535.0K | $2.4M | ||
| Q4 24 | $-4.0M | $34.0M | ||
| Q3 24 | $5.1M | $59.8M | ||
| Q2 24 | $-4.6M | $30.5M | ||
| Q1 24 | $-3.9M | $24.7M |
自由现金流率PDFSRPAY
| Q4 25 | 12.1% | 29.6% | ||
| Q3 25 | -5.1% | 41.3% | ||
| Q2 25 | -26.6% | 43.6% | ||
| Q1 25 | 1.1% | 3.0% | ||
| Q4 24 | -8.0% | 43.5% | ||
| Q3 24 | 11.0% | 75.6% | ||
| Q2 24 | -11.1% | 40.7% | ||
| Q1 24 | -9.4% | 30.6% |
资本支出强度PDFSRPAY
| Q4 25 | 15.7% | 0.1% | ||
| Q3 25 | 10.8% | 0.2% | ||
| Q2 25 | 16.5% | 0.1% | ||
| Q1 25 | 17.0% | 0.2% | ||
| Q4 24 | 11.3% | 0.3% | ||
| Q3 24 | 9.0% | 0.3% | ||
| Q2 24 | 12.8% | 0.6% | ||
| Q1 24 | 4.9% | 0.1% |
现金转化率PDFSRPAY
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | -4.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | 4.20× | 18.52× | ||
| Q2 24 | 0.40× | — | ||
| 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
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
