收入和营业利润同步增长,主营经营保持健康。
最大收入分项占比 97.55%,收入来源较集中。
营业利润率同比提高 1.39 个百分点,经营效率有所改善。
- 营业收入
- USD 390.63 亿
YoY +77.79%- 最大收入分项占比(Others)
- 97.55%
YoY +0.07pp- 营业成本
- USD 348.36 亿
占比 89.18% · YoY +78.26%- 研发费用
- USD 7.71 亿
占比 1.97% · YoY +21.16%
查看计算依据
同比期间: FY 2026 对比 FY 2025
来源指标
- 营业收入Annualized revenue milestone · RevenueFromContractWithCustomerExcludingAssessedTax
- 营业成本Cost of sales (including related party purchases of $725,694, $650,658, and $552,136 in fiscal years 2026, 2025, and 2024, respectively) · CostOfRevenue
- 最大收入分项占比(Others)Others · segment_value / revenue * 100
- 研发费用Research and development · ResearchAndDevelopmentExpense
- 营业利润率Income from operations · operating_income / revenue * 100
资产由负债和股东权益共同支撑,融资结构总体稳定。
- 存货
- USD 128.96 亿
占比 43.06% · YoY +175.53%- 现金及现金等价物
- USD 75.21 亿
占比 25.12% · YoY +45.49%- 应收账款
- USD 61.25 亿
占比 20.46% · YoY +177.93%- 总负债
- USD 154.66 亿
占比 51.65% · YoY +100.42%- 股东权益
- USD 144.80 亿
占比 48.35% · YoY +129.77%
查看计算依据
同比期间: FY 2026 对比 FY 2025
来源指标
- 股东权益Total stockholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
- 总负债Total liabilities · Liabilities
- 存货Inventories · InventoryNet
- 应收账款Accounts receivable, net of allowance for credit losses of $109 and $0 at june 30, 2026 and 2025, respectively (including amounts receivable from related parties of $624 and $393 at june 30, 2026 and 2025, respectively) · AccountsReceivableNetCurrent
- 现金及现金等价物Cash and cash equivalents · CashAndCashEquivalentsAtCarryingValue
净利润为正但经营现金流为负,账面利润尚未变成现金。
扣除资本支出后,自由现金流为负。
- 净利润
- USD 22.30 亿
YoY +112.66%- 经营活动现金流
- USD −68.10 亿
YoY −510.35%- 现金转化率
- -305.31%
YoY −463.54pp- 自由现金流
- USD −69.72 亿
YoY −554.99%
查看计算依据
同比期间: FY 2026 对比 FY 2025
来源指标
- 净利润Net income - basic · NetIncomeLoss
- 自由现金流cfo - capex
- 现金转化率operating_cash_flow / net_income * 100
- 经营活动现金流sum(waterfull.operating)