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Dave & Buster's Entertainment, Inc.（PLAY）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是Upstart Holdings, Inc.的1.5倍（$448.2M vs $308.2M），Upstart Holdings, Inc.净利率更高（-2.2% vs -9.4%，领先7.2%），Upstart Holdings, Inc.同比增速更快（44.4% vs -1.1%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% vs -13.5%）
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
PLAY vs UPST — 直观对比
营收规模更大
PLAY
是对方的1.5倍
$308.2M
营收增速更快
UPST
高出45.5%
-1.1%
净利率更高
UPST
高出7.2%
-9.4%
两年增速更快
UPST
近两年复合增速
-13.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $448.2M | $308.2M |
| 净利润 | $-42.1M | $-6.6M |
| 毛利率 | 85.8% | — |
| 营业利润率 | -3.6% | -2.4% |
| 净利率 | -9.4% | -2.2% |
| 营收同比 | -1.1% | 44.4% |
| 净利润同比 | -28.7% | -171.6% |
| 每股收益（稀释后） | $-1.22 | $-0.07 |
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PLAYUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $448.2M | $296.1M | ||
| Q3 25 | $557.4M | $277.1M | ||
| Q2 25 | $567.7M | $257.3M | ||
| Q1 25 | $534.5M | $213.4M | ||
| Q4 24 | $453.0M | $219.0M | ||
| Q3 24 | $557.1M | $162.1M | ||
| Q2 24 | $588.1M | $127.6M |
净利润PLAYUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $-42.1M | $18.6M | ||
| Q3 25 | $11.4M | $31.8M | ||
| Q2 25 | $21.7M | $5.6M | ||
| Q1 25 | $9.3M | $-2.4M | ||
| Q4 24 | $-32.7M | $-2.8M | ||
| Q3 24 | $40.3M | $-6.8M | ||
| Q2 24 | $41.4M | $-54.5M |
毛利率PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | 85.8% | — | ||
| Q3 25 | 86.3% | — | ||
| Q2 25 | 85.5% | — | ||
| Q1 25 | 85.5% | — | ||
| Q4 24 | 85.0% | — | ||
| Q3 24 | 85.3% | — | ||
| Q2 24 | 85.2% | — |
营业利润率PLAYUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | -3.6% | 6.4% | ||
| Q3 25 | 9.5% | 8.5% | ||
| Q2 25 | 11.1% | 1.8% | ||
| Q1 25 | 8.3% | -2.1% | ||
| Q4 24 | 1.4% | -2.2% | ||
| Q3 24 | 15.2% | -27.8% | ||
| Q2 24 | 14.5% | -43.5% |
净利率PLAYUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | -9.4% | 6.3% | ||
| Q3 25 | 2.0% | 11.5% | ||
| Q2 25 | 3.8% | 2.2% | ||
| Q1 25 | 1.7% | -1.1% | ||
| Q4 24 | -7.2% | -1.3% | ||
| Q3 24 | 7.2% | -4.2% | ||
| Q2 24 | 7.0% | -42.7% |
每股收益（稀释后）PLAYUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-1.22 | $0.20 | ||
| Q3 25 | $0.32 | $0.23 | ||
| Q2 25 | $0.62 | $0.05 | ||
| Q1 25 | $0.32 | $-0.03 | ||
| Q4 24 | $-0.84 | $-0.01 | ||
| Q3 24 | $0.99 | $-0.07 | ||
| Q2 24 | $0.99 | $-0.62 |
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 | $13.6M | $472.9M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $130.8M | $733.2M |
| 总资产 | $4.1B | $3.0B |
| 负债/权益比越低杠杆越低 | 12.17× | — |
8季度趋势，按日历期对齐
现金及短期投资PLAYUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | $13.6M | $652.4M | ||
| Q3 25 | $12.0M | $489.8M | ||
| Q2 25 | $11.9M | $395.9M | ||
| Q1 25 | $6.9M | $599.8M | ||
| Q4 24 | $8.6M | $788.4M | ||
| Q3 24 | $13.1M | — | ||
| Q2 24 | $32.1M | — |
总债务PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
股东权益PLAYUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $130.8M | $798.8M | ||
| Q3 25 | $166.2M | $743.7M | ||
| Q2 25 | $146.8M | $722.0M | ||
| Q1 25 | $145.8M | $676.6M | ||
| Q4 24 | $226.6M | $633.2M | ||
| Q3 24 | $284.4M | $595.5M | ||
| Q2 24 | $292.5M | $594.7M |
总资产PLAYUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $4.1B | $3.0B | ||
| Q3 25 | $4.1B | $2.9B | ||
| Q2 25 | $4.1B | $2.5B | ||
| Q1 25 | $4.0B | $2.3B | ||
| Q4 24 | $3.9B | $2.4B | ||
| Q3 24 | $3.8B | $1.8B | ||
| Q2 24 | $3.8B | $1.8B |
负债/权益比PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | 12.17× | — | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 10.98× | — | ||
| Q1 25 | 10.45× | — | ||
| Q4 24 | 6.58× | — | ||
| Q3 24 | 4.72× | — | ||
| Q2 24 | 4.58× | — |
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 | $58.0M | $-133.3M |
| 自由现金流经营现金流 - 资本支出 | $-20.6M | — |
| 自由现金流率自由现金流/营收 | -4.6% | — |
| 资本支出强度资本支出/营收 | 17.5% | — |
| 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 | $-195.6M | — |
8季度趋势，按日历期对齐
经营现金流PLAYUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $58.0M | $108.6M | ||
| Q3 25 | $34.0M | $-122.6M | ||
| Q2 25 | $95.8M | $-120.2M | ||
| Q1 25 | $108.9M | $-13.5M | ||
| Q4 24 | $-7.2M | $-110.9M | ||
| Q3 24 | $101.8M | $179.3M | ||
| Q2 24 | $108.8M | $65.3M |
自由现金流PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | $-20.6M | $108.4M | ||
| Q3 25 | $-55.2M | $-122.7M | ||
| Q2 25 | $-58.8M | $-120.3M | ||
| Q1 25 | $-61.0M | — | ||
| Q4 24 | $-138.4M | — | ||
| Q3 24 | $-14.3M | $179.2M | ||
| Q2 24 | $-4.2M | $65.3M |
自由现金流率PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | -4.6% | 36.6% | ||
| Q3 25 | -9.9% | -44.3% | ||
| Q2 25 | -10.4% | -46.7% | ||
| Q1 25 | -11.4% | — | ||
| Q4 24 | -30.6% | — | ||
| Q3 24 | -2.6% | 110.5% | ||
| Q2 24 | -0.7% | 51.1% |
资本支出强度PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 0.1% | ||
| Q3 25 | 16.0% | 0.0% | ||
| Q2 25 | 27.2% | 0.0% | ||
| Q1 25 | 31.8% | 0.0% | ||
| Q4 24 | 29.0% | 0.0% | ||
| Q3 24 | 20.8% | 0.1% | ||
| Q2 24 | 19.2% | 0.0% |
现金转化率PLAYUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | 2.98× | -3.86× | ||
| Q2 25 | 4.41× | -21.43× | ||
| Q1 25 | 11.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.53× | — | ||
| Q2 24 | 2.63× | — |
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
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
