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Side-by-side financial comparison of Beneficient (BENF) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.

Beneficient is the larger business by last-quarter revenue ($18.7M vs $14.5M, roughly 1.3× SS Innovations International, Inc.). Beneficient runs the higher net margin — 106.7% vs -17.0%, a 123.7% gap on every dollar of revenue. On growth, Beneficient posted the faster year-over-year revenue change (322.5% vs 79.1%).

Beneficient is a financial services firm specializing in alternative asset liquidity solutions. It offers tailored options for holders of illiquid alternative investments including private equity, hedge fund stakes, and real assets, serving institutional investors, high-net-worth individuals, and family offices primarily in North America.

SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.

BENF vs SSII — Head-to-Head

Bigger by revenue
BENF
BENF
1.3× larger
BENF
$18.7M
$14.5M
SSII
Growing faster (revenue YoY)
BENF
BENF
+243.4% gap
BENF
322.5%
79.1%
SSII
Higher net margin
BENF
BENF
123.7% more per $
BENF
106.7%
-17.0%
SSII

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BENF
BENF
SSII
SSII
Revenue
$18.7M
$14.5M
Net Profit
$19.9M
$-2.5M
Gross Margin
43.9%
Operating Margin
21.1%
-3.7%
Net Margin
106.7%
-17.0%
Revenue YoY
322.5%
79.1%
Net Profit YoY
330.5%
-28.5%
EPS (diluted)
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BENF
BENF
SSII
SSII
Q4 25
$18.7M
$14.5M
Q3 25
$-2.8M
$12.8M
Q2 25
$-12.6M
$10.0M
Q1 25
$-31.0M
$5.1M
Q4 24
$4.4M
$8.1M
Q3 24
$8.6M
$4.4M
Q2 24
$10.0M
$4.5M
Q1 24
$3.6M
Net Profit
BENF
BENF
SSII
SSII
Q4 25
$19.9M
$-2.5M
Q3 25
$-17.9M
$-3.7M
Q2 25
$-92.6M
$-256.7K
Q1 25
$-44.6M
$-5.7M
Q4 24
$-8.6M
$-1.9M
Q3 24
$9.7M
$-3.2M
Q2 24
$44.3M
$-4.1M
Q1 24
$-9.8M
Gross Margin
BENF
BENF
SSII
SSII
Q4 25
43.9%
Q3 25
48.1%
Q2 25
59.1%
Q1 25
21.2%
Q4 24
48.9%
Q3 24
52.8%
Q2 24
31.9%
Q1 24
20.0%
Operating Margin
BENF
BENF
SSII
SSII
Q4 25
21.1%
-3.7%
Q3 25
646.5%
-14.3%
Q2 25
734.0%
1.0%
Q1 25
146.3%
-115.6%
Q4 24
-215.3%
-22.7%
Q3 24
-160.2%
-73.1%
Q2 24
-90.9%
Q1 24
-270.3%
Net Margin
BENF
BENF
SSII
SSII
Q4 25
106.7%
-17.0%
Q3 25
648.1%
-29.0%
Q2 25
734.0%
-2.6%
Q1 25
144.1%
-111.0%
Q4 24
-195.5%
-23.7%
Q3 24
113.9%
-74.0%
Q2 24
441.1%
-91.8%
Q1 24
-270.5%
EPS (diluted)
BENF
BENF
SSII
SSII
Q4 25
$-0.01
Q3 25
$-0.02
Q2 25
$0.00
Q1 25
$-0.03
Q4 24
$-0.01
Q3 24
$-0.02
Q2 24
$-0.02
Q1 24
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BENF
BENF
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$7.9M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-128.6M
$38.2M
Total Assets
$337.9M
$74.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BENF
BENF
SSII
SSII
Q4 25
$7.9M
$3.2M
Q3 25
$4.9M
$5.7M
Q2 25
$7.6M
$11.4M
Q1 25
$1.3M
$15.9M
Q4 24
$4.1M
$466.5K
Q3 24
$4.5M
$220.4K
Q2 24
$4.4M
$608.2K
Q1 24
$948.1K
Stockholders' Equity
BENF
BENF
SSII
SSII
Q4 25
$-128.6M
$38.2M
Q3 25
$-142.8M
$39.6M
Q2 25
$-120.4M
$42.0M
Q1 25
$-34.9M
$40.6M
Q4 24
$14.3M
$13.5M
Q3 24
$-13.2M
$13.7M
Q2 24
$-148.3M
$14.8M
Q1 24
$16.7M
Total Assets
BENF
BENF
SSII
SSII
Q4 25
$337.9M
$74.2M
Q3 25
$316.2M
$69.6M
Q2 25
$334.5M
$70.0M
Q1 25
$354.9M
$63.5M
Q4 24
$400.0M
$42.4M
Q3 24
$368.8M
$39.0M
Q2 24
$361.3M
$35.7M
Q1 24
$35.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BENF
BENF
SSII
SSII
Operating Cash FlowLast quarter
$-9.4M
$-1.5M
Free Cash FlowOCF − Capex
$-3.2M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
0.0%
11.8%
Cash ConversionOCF / Net Profit
-0.47×
TTM Free Cash FlowTrailing 4 quarters
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BENF
BENF
SSII
SSII
Q4 25
$-9.4M
$-1.5M
Q3 25
$-14.5M
$-7.5M
Q2 25
$-10.8M
$-3.5M
Q1 25
$-37.7M
$-6.1M
Q4 24
$-10.0M
$-3.3M
Q3 24
$-8.6M
$-2.5M
Q2 24
$-10.6M
$-1.0M
Q1 24
$-2.7M
Free Cash Flow
BENF
BENF
SSII
SSII
Q4 25
$-3.2M
Q3 25
$-8.2M
Q2 25
$-10.9M
$-3.8M
Q1 25
$-38.8M
$-7.0M
Q4 24
$-10.0M
$-3.4M
Q3 24
$-8.9M
$-4.2M
Q2 24
$-11.3M
$-3.1M
Q1 24
$-2.8M
FCF Margin
BENF
BENF
SSII
SSII
Q4 25
-22.3%
Q3 25
-64.1%
Q2 25
86.6%
-37.7%
Q1 25
125.3%
-136.2%
Q4 24
-227.2%
-41.7%
Q3 24
-103.7%
-96.9%
Q2 24
-112.6%
-69.5%
Q1 24
-76.9%
Capex Intensity
BENF
BENF
SSII
SSII
Q4 25
0.0%
11.8%
Q3 25
0.0%
5.9%
Q2 25
-0.8%
3.2%
Q1 25
-3.5%
17.0%
Q4 24
1.0%
1.5%
Q3 24
3.1%
38.8%
Q2 24
6.6%
46.8%
Q1 24
3.5%
Cash Conversion
BENF
BENF
SSII
SSII
Q4 25
-0.47×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.88×
Q2 24
-0.24×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BENF
BENF

Ben Liquidity$8.2M44%
Other$7.6M41%
Ben Custody$2.9M16%

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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