vs
TheRealReal, Inc.（REAL）与Resolute Holdings Management, Inc.（RHLD）财务数据对比。点击上方公司名可切换其他公司
TheRealReal, Inc.的季度营收约是Resolute Holdings Management, Inc.的1.6倍（$194.1M vs $117.7M），Resolute Holdings Management, Inc.自由现金流更多（$189.2M vs $45.8M）
TheRealReal是专业的奢侈品线上交易平台，所有在售商品均经过专业人员鉴定，可满足用户买卖二手奢侈品的需求。截至2023年9月30日，平台会员规模已超3800万，累计售出商品近4000万件。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
REAL vs RHLD — 直观对比
营收规模更大
REAL
是对方的1.6倍
$117.7M
自由现金流更多
RHLD
多$143.4M
$45.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $194.1M | $117.7M |
| 净利润 | — | $-1.7M |
| 毛利率 | 74.8% | 55.7% |
| 营业利润率 | 3.2% | 30.2% |
| 净利率 | — | -1.5% |
| 营收同比 | 18.3% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.06 | $-0.20 |
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REALRHLD
| Q4 25 | $194.1M | $117.7M | ||
| Q3 25 | $173.6M | $120.9M | ||
| Q2 25 | $165.2M | $119.6M | ||
| Q1 25 | $160.0M | $103.9M | ||
| Q4 24 | $164.0M | — | ||
| Q3 24 | $147.8M | — | ||
| Q2 24 | $144.9M | — | ||
| Q1 24 | $143.8M | — |
净利润REALRHLD
| Q4 25 | — | $-1.7M | ||
| Q3 25 | $-54.1M | $-231.0K | ||
| Q2 25 | $-11.4M | $-611.0K | ||
| Q1 25 | $62.4M | $-3.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.9M | — | ||
| Q2 24 | $-16.7M | — | ||
| Q1 24 | $-31.1M | — |
毛利率REALRHLD
| Q4 25 | 74.8% | 55.7% | ||
| Q3 25 | 74.3% | 59.0% | ||
| Q2 25 | 74.3% | 57.5% | ||
| Q1 25 | 75.0% | 52.5% | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 74.9% | — | ||
| Q2 24 | 74.1% | — | ||
| Q1 24 | 74.6% | — |
营业利润率REALRHLD
| Q4 25 | 3.2% | 30.2% | ||
| Q3 25 | -4.3% | 34.3% | ||
| Q2 25 | -6.0% | 34.0% | ||
| Q1 25 | -8.0% | 24.7% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | -9.9% | — | ||
| Q2 24 | -13.0% | — | ||
| Q1 24 | -12.5% | — |
净利率REALRHLD
| Q4 25 | — | -1.5% | ||
| Q3 25 | -31.1% | -0.2% | ||
| Q2 25 | -6.9% | -0.5% | ||
| Q1 25 | 39.0% | -3.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -11.5% | — | ||
| Q1 24 | -21.6% | — |
每股收益（稀释后）REALRHLD
| Q4 25 | $0.06 | $-0.20 | ||
| Q3 25 | $-0.49 | $-0.03 | ||
| Q2 25 | $-0.13 | $-0.07 | ||
| Q1 25 | $-0.14 | $-0.39 | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $-0.17 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $-0.30 | — |
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 | $151.2M | $205.5M |
| 总债务越低越好 | — | $169.8M |
| 股东权益账面价值 | $-415.5M | $6.5M |
| 总资产 | $409.0M | $333.4M |
| 负债/权益比越低杠杆越低 | — | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资REALRHLD
| Q4 25 | $151.2M | $205.5M | ||
| Q3 25 | $108.4M | $148.0M | ||
| Q2 25 | $94.3M | $99.9M | ||
| Q1 25 | $139.6M | $71.0M | ||
| Q4 24 | $172.2M | — | ||
| Q3 24 | $153.2M | — | ||
| Q2 24 | $150.7M | — | ||
| Q1 24 | $166.0M | — |
总债务REALRHLD
| Q4 25 | — | $169.8M | ||
| Q3 25 | — | $173.4M | ||
| Q2 25 | — | $177.1M | ||
| Q1 25 | — | $180.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益REALRHLD
| Q4 25 | $-415.5M | $6.5M | ||
| Q3 25 | $-385.1M | $10.8M | ||
| Q2 25 | $-338.2M | $9.6M | ||
| Q1 25 | $-336.1M | $8.9M | ||
| Q4 24 | $-407.4M | — | ||
| Q3 24 | $-345.4M | — | ||
| Q2 24 | $-335.3M | — | ||
| Q1 24 | $-327.1M | — |
总资产REALRHLD
| Q4 25 | $409.0M | $333.4M | ||
| Q3 25 | $366.2M | $293.2M | ||
| Q2 25 | $349.4M | $253.3M | ||
| Q1 25 | $400.4M | $214.3M | ||
| Q4 24 | $423.1M | — | ||
| Q3 24 | $406.3M | — | ||
| Q2 24 | $407.4M | — | ||
| Q1 24 | $431.6M | — |
负债/权益比REALRHLD
| Q4 25 | — | 26.03× | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.42× | ||
| Q1 25 | — | 20.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $49.5M | $196.1M |
| 自由现金流经营现金流 - 资本支出 | $45.8M | $189.2M |
| 自由现金流率自由现金流/营收 | 23.6% | 160.8% |
| 资本支出强度资本支出/营收 | 1.9% | 5.8% |
| 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 | $18.4M | $313.2M |
8季度趋势，按日历期对齐
经营现金流REALRHLD
| Q4 25 | $49.5M | $196.1M | ||
| Q3 25 | $19.3M | $59.6M | ||
| Q2 25 | $-3.6M | $48.9M | ||
| Q1 25 | $-28.3M | $18.4M | ||
| Q4 24 | $28.0M | — | ||
| Q3 24 | $9.1M | — | ||
| Q2 24 | $-6.8M | — | ||
| Q1 24 | $-3.5M | — |
自由现金流REALRHLD
| Q4 25 | $45.8M | $189.2M | ||
| Q3 25 | $16.9M | $58.6M | ||
| Q2 25 | $-11.4M | $47.5M | ||
| Q1 25 | $-33.0M | $17.8M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $5.0M | — | ||
| Q2 24 | $-9.8M | — | ||
| Q1 24 | $-5.6M | — |
自由现金流率REALRHLD
| Q4 25 | 23.6% | 160.8% | ||
| Q3 25 | 9.7% | 48.5% | ||
| Q2 25 | -6.9% | 39.7% | ||
| Q1 25 | -20.6% | 17.1% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | -6.7% | — | ||
| Q1 24 | -3.9% | — |
资本支出强度REALRHLD
| Q4 25 | 1.9% | 5.8% | ||
| Q3 25 | 1.4% | 0.8% | ||
| Q2 25 | 4.7% | 1.2% | ||
| Q1 25 | 2.9% | 0.6% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 1.5% | — |
现金转化率REALRHLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
REAL
| Services | $149.0M | 77% |
| Products | $27.2M | 14% |
| Shipping And Handling | $17.8M | 9% |
RHLD
暂无分部数据
