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IMPINJ INC（PI）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IMPINJ INC的1.1倍（$78.6M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -178.3%，领先189.5%），Repay Holdings Corp同比增速更快（0.4% vs -0.0%），Repay Holdings Corp自由现金流更多（$23.2M vs $2.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -14.9%）
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。
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。
PI vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.1倍
$74.3M
营收增速更快
RPAY
高出0.4%
-0.0%
净利率更高
PI
高出189.5%
-178.3%
自由现金流更多
RPAY
多$21.0M
$2.2M
两年增速更快
RPAY
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $78.6M |
| 净利润 | $8.3M | $-140.1M |
| 毛利率 | 49.1% | 74.2% |
| 营业利润率 | 30.5% | -182.2% |
| 净利率 | 11.2% | -178.3% |
| 营收同比 | -0.0% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $0.14 | $-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PIRPAY
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $78.6M | ||
| Q3 25 | $96.1M | $77.7M | ||
| Q2 25 | $97.9M | $75.6M | ||
| Q1 25 | $74.3M | $77.3M | ||
| Q4 24 | $91.6M | $78.3M | ||
| Q3 24 | $95.2M | $79.1M | ||
| Q2 24 | $102.5M | $74.9M |
净利润PIRPAY
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $-140.1M | ||
| Q3 25 | $-12.8M | $-6.4M | ||
| Q2 25 | $11.6M | $-102.3M | ||
| Q1 25 | $-8.5M | $-7.9M | ||
| Q4 24 | $-2.7M | $-4.1M | ||
| Q3 24 | $221.0K | $3.2M | ||
| Q2 24 | $10.0M | $-4.1M |
毛利率PIRPAY
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | 74.2% | ||
| Q3 25 | 50.3% | 74.4% | ||
| Q2 25 | 57.8% | 75.7% | ||
| Q1 25 | 49.4% | 75.9% | ||
| Q4 24 | 50.5% | 76.3% | ||
| Q3 24 | 50.0% | 77.8% | ||
| Q2 24 | 56.1% | 78.2% |
营业利润率PIRPAY
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | -182.2% | ||
| Q3 25 | 0.7% | -3.9% | ||
| Q2 25 | 11.1% | -138.7% | ||
| Q1 25 | -12.9% | -4.7% | ||
| Q4 24 | -3.9% | -1.5% | ||
| Q3 24 | -0.8% | -0.9% | ||
| Q2 24 | 8.8% | -4.6% |
净利率PIRPAY
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | -178.3% | ||
| Q3 25 | -13.3% | -8.3% | ||
| Q2 25 | 11.8% | -135.2% | ||
| Q1 25 | -11.4% | -10.3% | ||
| Q4 24 | -2.9% | -5.3% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 9.7% | -5.4% |
每股收益（稀释后）PIRPAY
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $-1.68 | ||
| Q3 25 | $-0.44 | $-0.08 | ||
| Q2 25 | $0.39 | $-1.15 | ||
| Q1 25 | $-0.30 | $-0.09 | ||
| Q4 24 | $-0.06 | $-0.04 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $0.34 | $-0.04 |
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 | $131.8M | $115.7M |
| 总债务越低越好 | $241.5M | $280.1M |
| 股东权益账面价值 | — | $484.4M |
| 总资产 | $502.5M | $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PIRPAY
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $115.7M | ||
| Q3 25 | $190.1M | $95.7M | ||
| Q2 25 | $193.2M | $162.6M | ||
| Q1 25 | $147.9M | $165.5M | ||
| Q4 24 | $164.7M | $189.5M | ||
| Q3 24 | $170.3M | $168.7M | ||
| Q2 24 | $220.2M | $147.1M |
总债务PIRPAY
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $280.1M | ||
| Q3 25 | $280.4M | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $283.5M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
股东权益PIRPAY
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $484.4M | ||
| Q3 25 | $195.0M | $616.9M | ||
| Q2 25 | $187.7M | $633.7M | ||
| Q1 25 | $160.6M | $755.7M | ||
| Q4 24 | $149.9M | $761.3M | ||
| Q3 24 | $136.1M | $754.7M | ||
| Q2 24 | $117.0M | $815.4M |
总资产PIRPAY
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $1.2B | ||
| Q3 25 | $516.5M | $1.3B | ||
| Q2 25 | $508.8M | $1.4B | ||
| Q1 25 | $479.8M | $1.5B | ||
| Q4 24 | $489.1M | $1.6B | ||
| Q3 24 | $476.4M | $1.6B | ||
| Q2 24 | $446.1M | $1.5B |
负债/权益比PIRPAY
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 0.58× | ||
| Q3 25 | 1.44× | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 1.89× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 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 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $23.2M |
| 自由现金流率自由现金流/营收 | 3.0% | 29.6% |
| 资本支出强度资本支出/营收 | — | 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 | $61.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流PIRPAY
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $23.3M | ||
| Q3 25 | $20.9M | $32.2M | ||
| Q2 25 | $33.9M | $33.1M | ||
| Q1 25 | $-11.1M | $2.5M | ||
| Q4 24 | $12.6M | $34.3M | ||
| Q3 24 | $10.1M | $60.1M | ||
| Q2 24 | $45.5M | $31.0M |
自由现金流PIRPAY
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $23.2M | ||
| Q3 25 | $18.0M | $32.1M | ||
| Q2 25 | $27.3M | $33.0M | ||
| Q1 25 | $-13.0M | $2.4M | ||
| Q4 24 | $8.5M | $34.0M | ||
| Q3 24 | $4.7M | $59.8M | ||
| Q2 24 | $44.1M | $30.5M |
自由现金流率PIRPAY
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | 29.6% | ||
| Q3 25 | 18.7% | 41.3% | ||
| Q2 25 | 27.9% | 43.6% | ||
| Q1 25 | -17.5% | 3.0% | ||
| Q4 24 | 9.3% | 43.5% | ||
| Q3 24 | 4.9% | 75.6% | ||
| Q2 24 | 43.0% | 40.7% |
资本支出强度PIRPAY
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.1% | ||
| Q3 25 | 3.1% | 0.2% | ||
| Q2 25 | 6.7% | 0.1% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 5.7% | 0.3% | ||
| Q2 24 | 1.3% | 0.6% |
现金转化率PIRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.56× | 18.52× | ||
| 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
业务分部营收拆解
PI
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% |
