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Pagaya Technologies Ltd.（PGY）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
Pagaya Technologies Ltd.的季度营收约是LiveRamp Holdings, Inc.的1.5倍（$321.0M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs 10.7%，领先8.1%），Pagaya Technologies Ltd.同比增速更快（16.5% vs 8.6%），过去两年Pagaya Technologies Ltd.的营收复合增速更高（16.4% vs 11.1%）
Pagaya Technologies是一家以纽约为总部的以美金融科技企业，专注于运用人工智能技术评估贷款申请，推动信贷审核流程现代化。该公司2022年于纽约证券交易所上市，截至2024年，已累计评估约2.6万亿美元规模的贷款申请，促成的贷款总额约达280亿美元，核心客户以银行等金融机构为主。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
PGY vs RAMP — 直观对比
营收规模更大
PGY
是对方的1.5倍
$212.2M
营收增速更快
PGY
高出7.9%
8.6%
净利率更高
RAMP
高出8.1%
10.7%
两年增速更快
PGY
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $321.0M | $212.2M |
| 净利润 | $34.3M | $39.9M |
| 毛利率 | 40.8% | 71.9% |
| 营业利润率 | 24.8% | 18.6% |
| 净利率 | 10.7% | 18.8% |
| 营收同比 | 16.5% | 8.6% |
| 净利润同比 | 114.4% | 255.7% |
| 每股收益（稀释后） | $0.40 | $0.62 |
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PGYRAMP
| Q4 25 | $321.0M | $212.2M | ||
| Q3 25 | $339.9M | $199.8M | ||
| Q2 25 | $317.7M | $194.8M | ||
| Q1 25 | $282.7M | $188.7M | ||
| Q4 24 | $275.7M | $195.4M | ||
| Q3 24 | $249.3M | $185.5M | ||
| Q2 24 | $242.6M | $176.0M | ||
| Q1 24 | $237.0M | $171.9M |
净利润PGYRAMP
| Q4 25 | $34.3M | $39.9M | ||
| Q3 25 | $22.5M | $27.4M | ||
| Q2 25 | $16.7M | $7.7M | ||
| Q1 25 | $7.9M | $-6.3M | ||
| Q4 24 | $-237.9M | $11.2M | ||
| Q3 24 | $-67.5M | $1.7M | ||
| Q2 24 | $-74.8M | $-7.5M | ||
| Q1 24 | $-21.2M | $-5.4M |
毛利率PGYRAMP
| Q4 25 | 40.8% | 71.9% | ||
| Q3 25 | 41.0% | 70.2% | ||
| Q2 25 | 39.7% | 70.1% | ||
| Q1 25 | 40.9% | 69.3% | ||
| Q4 24 | 42.6% | 71.9% | ||
| Q3 24 | 40.2% | 72.4% | ||
| Q2 24 | 40.0% | 70.6% | ||
| Q1 24 | 38.9% | 72.2% |
营业利润率PGYRAMP
| Q4 25 | 24.8% | 18.6% | ||
| Q3 25 | 23.5% | 10.7% | ||
| Q2 25 | 17.8% | 3.7% | ||
| Q1 25 | 16.9% | -6.1% | ||
| Q4 24 | 11.5% | 7.5% | ||
| Q3 24 | 9.0% | 4.0% | ||
| Q2 24 | 2.1% | -3.0% | ||
| Q1 24 | 3.2% | -8.3% |
净利率PGYRAMP
| Q4 25 | 10.7% | 18.8% | ||
| Q3 25 | 6.6% | 13.7% | ||
| Q2 25 | 5.2% | 4.0% | ||
| Q1 25 | 2.8% | -3.3% | ||
| Q4 24 | -86.3% | 5.7% | ||
| Q3 24 | -27.1% | 0.9% | ||
| Q2 24 | -30.8% | -4.3% | ||
| Q1 24 | -9.0% | -3.1% |
每股收益（稀释后）PGYRAMP
| Q4 25 | $0.40 | $0.62 | ||
| Q3 25 | $0.23 | $0.42 | ||
| Q2 25 | $0.20 | $0.12 | ||
| Q1 25 | $0.10 | $-0.10 | ||
| Q4 24 | $-3.36 | $0.17 | ||
| Q3 24 | $-0.93 | $0.03 | ||
| Q2 24 | $-1.04 | $-0.11 | ||
| Q1 24 | $-0.33 | $-0.09 |
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 | $235.3M | $403.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $480.0M | $962.3M |
| 总资产 | $1.5B | $1.3B |
| 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PGYRAMP
| Q4 25 | $235.3M | $403.4M | ||
| Q3 25 | $218.3M | $376.9M | ||
| Q2 25 | $183.0M | $371.1M | ||
| Q1 25 | $186.8M | $420.8M | ||
| Q4 24 | $187.9M | $384.3M | ||
| Q3 24 | $147.1M | $348.4M | ||
| Q2 24 | $233.6M | $342.7M | ||
| Q1 24 | $274.5M | $368.9M |
总债务PGYRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $317.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $230.2M | — | ||
| Q2 24 | $232.6M | — | ||
| Q1 24 | $235.0M | — |
股东权益PGYRAMP
| Q4 25 | $480.0M | $962.3M | ||
| Q3 25 | $438.3M | $943.8M | ||
| Q2 25 | $366.8M | $947.8M | ||
| Q1 25 | $335.5M | $948.9M | ||
| Q4 24 | $326.5M | $957.7M | ||
| Q3 24 | $462.3M | $932.1M | ||
| Q2 24 | $526.0M | $951.9M | ||
| Q1 24 | $626.8M | $949.1M |
总资产PGYRAMP
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
负债/权益比PGYRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 0.44× | — | ||
| Q1 24 | 0.37× | — |
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 | $79.8M | — |
| 自由现金流经营现金流 - 资本支出 | $76.7M | — |
| 自由现金流率自由现金流/营收 | 23.9% | — |
| 资本支出强度资本支出/营收 | 1.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.33× | — |
| 过去12个月自由现金流最近4个季度 | $224.7M | — |
8季度趋势，按日历期对齐
经营现金流PGYRAMP
| Q4 25 | $79.8M | — | ||
| Q3 25 | $67.0M | $57.4M | ||
| Q2 25 | $57.4M | $-15.8M | ||
| Q1 25 | $34.4M | — | ||
| Q4 24 | $27.9M | $45.1M | ||
| Q3 24 | $-7.1M | $55.6M | ||
| Q2 24 | $9.3M | $-9.3M | ||
| Q1 24 | $17.7M | — |
自由现金流PGYRAMP
| Q4 25 | $76.7M | — | ||
| Q3 25 | $63.8M | $56.8M | ||
| Q2 25 | $53.5M | $-16.2M | ||
| Q1 25 | $30.7M | — | ||
| Q4 24 | $23.9M | $44.8M | ||
| Q3 24 | $-11.3M | $55.4M | ||
| Q2 24 | $4.9M | $-9.6M | ||
| Q1 24 | $12.6M | — |
自由现金流率PGYRAMP
| Q4 25 | 23.9% | — | ||
| Q3 25 | 18.8% | 28.4% | ||
| Q2 25 | 16.9% | -8.3% | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 8.7% | 22.9% | ||
| Q3 24 | -4.6% | 29.8% | ||
| Q2 24 | 2.0% | -5.4% | ||
| Q1 24 | 5.3% | — |
资本支出强度PGYRAMP
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 1.0% | 0.3% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.4% | 0.1% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 1.8% | 0.1% | ||
| Q1 24 | 2.2% | 1.0% |
现金转化率PGYRAMP
| Q4 25 | 2.33× | — | ||
| Q3 25 | 2.97× | 2.09× | ||
| Q2 25 | 3.44× | -2.04× | ||
| Q1 25 | 4.36× | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| 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
PGY
| Network AI Fees | $287.4M | 90% |
| Financial Service | $33.6M | 10% |
RAMP
暂无分部数据
