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Q2 Holdings, Inc.（QTWO）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
Q2 Holdings, Inc.的季度营收约是BRC Group Holdings, Inc.的1.1倍（$216.5M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 12.3%，领先35.6%），Q2 Holdings, Inc.同比增速更快（14.1% vs -21.9%），过去两年Q2 Holdings, Inc.的营收复合增速更高（11.9% vs -15.4%）
Q2 Holdings是一家全球金融科技企业，主要开发云原生数字银行平台及解决方案，服务地区性银行、社区银行、信用合作社等金融机构，帮助其为个人及企业客户提供安全便捷的线上、移动端银行服务，核心市场覆盖北美。
QTWO vs RILY — 直观对比
营收规模更大
QTWO
是对方的1.1倍
$188.3M
营收增速更快
QTWO
高出36.0%
-21.9%
净利率更高
RILY
高出35.6%
12.3%
两年增速更快
QTWO
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $216.5M | $188.3M |
| 净利润 | $26.6M | $90.3M |
| 毛利率 | 59.1% | 79.5% |
| 营业利润率 | 12.8% | 32.3% |
| 净利率 | 12.3% | 47.9% |
| 营收同比 | 14.1% | -21.9% |
| 净利润同比 | 460.5% | 1710.8% |
| 每股收益（稀释后） | $0.40 | $2.78 |
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QTWORILY
| Q1 26 | $216.5M | — | ||
| Q4 25 | $208.2M | $188.3M | ||
| Q3 25 | $201.7M | $215.3M | ||
| Q2 25 | $195.1M | $188.2M | ||
| Q1 25 | $189.7M | $197.2M | ||
| Q4 24 | $183.0M | $241.0M | ||
| Q3 24 | $175.0M | $225.5M | ||
| Q2 24 | $172.9M | $256.0M |
净利润QTWORILY
| Q1 26 | $26.6M | — | ||
| Q4 25 | $20.4M | $90.3M | ||
| Q3 25 | $15.0M | $91.1M | ||
| Q2 25 | $11.8M | $139.5M | ||
| Q1 25 | $4.8M | $-10.0M | ||
| Q4 24 | $164.0K | $-5.6M | ||
| Q3 24 | $-11.8M | $-284.4M | ||
| Q2 24 | $-13.1M | $-433.6M |
毛利率QTWORILY
| Q1 26 | 59.1% | — | ||
| Q4 25 | 55.4% | 79.5% | ||
| Q3 25 | 54.0% | 83.7% | ||
| Q2 25 | 53.6% | 81.3% | ||
| Q1 25 | 53.2% | 81.4% | ||
| Q4 24 | 52.6% | 79.8% | ||
| Q3 24 | 50.9% | 82.1% | ||
| Q2 24 | 50.2% | 84.5% |
营业利润率QTWORILY
| Q1 26 | 12.8% | — | ||
| Q4 25 | 8.1% | 32.3% | ||
| Q3 25 | 5.5% | 30.4% | ||
| Q2 25 | 5.0% | 5.7% | ||
| Q1 25 | 1.2% | -31.2% | ||
| Q4 24 | -0.9% | -69.2% | ||
| Q3 24 | -7.3% | -36.4% | ||
| Q2 24 | -7.9% | -90.8% |
净利率QTWORILY
| Q1 26 | 12.3% | — | ||
| Q4 25 | 9.8% | 47.9% | ||
| Q3 25 | 7.5% | 42.3% | ||
| Q2 25 | 6.0% | 74.1% | ||
| Q1 25 | 2.5% | -5.1% | ||
| Q4 24 | 0.1% | -2.3% | ||
| Q3 24 | -6.7% | -126.1% | ||
| Q2 24 | -7.6% | -169.4% |
每股收益（稀释后）QTWORILY
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.32 | $2.78 | ||
| Q3 25 | $0.23 | $2.91 | ||
| Q2 25 | $0.18 | $4.50 | ||
| Q1 25 | $0.07 | $-0.39 | ||
| Q4 24 | $0.01 | $-0.01 | ||
| Q3 24 | $-0.20 | $-9.39 | ||
| Q2 24 | $-0.22 | $-14.35 |
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 | $342.3M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $611.7M | $-171.5M |
| 总资产 | $1.2B | $1.7B |
| 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QTWORILY
| Q1 26 | $342.3M | — | ||
| Q4 25 | $432.7M | $226.6M | ||
| Q3 25 | $568.7M | $184.2M | ||
| Q2 25 | $532.1M | $267.4M | ||
| Q1 25 | $486.0M | $138.3M | ||
| Q4 24 | $446.6M | $146.9M | ||
| Q3 24 | $407.9M | $159.2M | ||
| Q2 24 | $372.1M | $236.9M |
总债务QTWORILY
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益QTWORILY
| Q1 26 | $611.7M | — | ||
| Q4 25 | $661.8M | $-171.5M | ||
| Q3 25 | $622.9M | $-260.5M | ||
| Q2 25 | $584.3M | $-351.7M | ||
| Q1 25 | $545.5M | $-496.8M | ||
| Q4 24 | $517.8M | $-488.2M | ||
| Q3 24 | $495.1M | $-497.6M | ||
| Q2 24 | $480.7M | $-218.3M |
总资产QTWORILY
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.2B | $3.2B |
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 | $56.3M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $44.2M | — |
| 自由现金流率自由现金流/营收 | 20.4% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.11× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $196.1M | — |
8季度趋势，按日历期对齐
经营现金流QTWORILY
| Q1 26 | $56.3M | — | ||
| Q4 25 | $63.7M | $26.2M | ||
| Q3 25 | $45.6M | $-60.6M | ||
| Q2 25 | $48.6M | $-25.6M | ||
| Q1 25 | $43.5M | $184.0K | ||
| Q4 24 | $43.0M | $-2.7M | ||
| Q3 24 | $43.3M | $19.5M | ||
| Q2 24 | $36.0M | $111.5M |
自由现金流QTWORILY
| Q1 26 | $44.2M | — | ||
| Q4 25 | $61.7M | — | ||
| Q3 25 | $42.9M | — | ||
| Q2 25 | $47.3M | — | ||
| Q1 25 | $42.7M | — | ||
| Q4 24 | $41.6M | — | ||
| Q3 24 | $40.9M | — | ||
| Q2 24 | $34.6M | — |
自由现金流率QTWORILY
| Q1 26 | 20.4% | — | ||
| Q4 25 | 29.6% | — | ||
| Q3 25 | 21.3% | — | ||
| Q2 25 | 24.3% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 20.0% | — |
资本支出强度QTWORILY
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 0.8% | — |
现金转化率QTWORILY
| Q1 26 | 2.11× | — | ||
| Q4 25 | 3.12× | 0.29× | ||
| Q3 25 | 3.03× | -0.66× | ||
| Q2 25 | 4.13× | -0.18× | ||
| Q1 25 | 9.16× | — | ||
| Q4 24 | 262.41× | — | ||
| Q3 24 | — | — | ||
| Q2 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
QTWO
| Subscription | $179.9M | 83% |
| Services and Other | $18.8M | 9% |
| Transactional | $17.8M | 8% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
