vs

Side-by-side financial comparison of DATASEA INC. (DTSS) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.

KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $13.0M, roughly 2.0× DATASEA INC.). DATASEA INC. runs the higher net margin — -4.1% vs -101.7%, a 97.6% gap on every dollar of revenue. On growth, KKR Real Estate Finance Trust Inc. posted the faster year-over-year revenue change (-26.6% vs -36.5%). Over the past eight quarters, DATASEA INC.'s revenue compounded faster (206.5% CAGR vs -18.8%).

Datasea Inc. develops intelligent smart city solutions including AI-powered public security systems, IoT-enabled surveillance devices and big data analytics services. It mainly serves public security, education and commercial real estate sectors, with core operations in China and ongoing expansion into Southeast Asia.

KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.

DTSS vs KREF — Head-to-Head

Bigger by revenue
KREF
KREF
2.0× larger
KREF
$25.8M
$13.0M
DTSS
Growing faster (revenue YoY)
KREF
KREF
+9.9% gap
KREF
-26.6%
-36.5%
DTSS
Higher net margin
DTSS
DTSS
97.6% more per $
DTSS
-4.1%
-101.7%
KREF
Faster 2-yr revenue CAGR
DTSS
DTSS
Annualised
DTSS
206.5%
-18.8%
KREF

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
DTSS
DTSS
KREF
KREF
Revenue
$13.0M
$25.8M
Net Profit
$-538.8K
$-26.2M
Gross Margin
9.2%
Operating Margin
-4.0%
-105.1%
Net Margin
-4.1%
-101.7%
Revenue YoY
-36.5%
-26.6%
Net Profit YoY
52.6%
-229.6%
EPS (diluted)
$-0.06
$-0.49

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
DTSS
DTSS
KREF
KREF
Q4 25
$13.0M
$25.8M
Q3 25
$13.8M
$25.3M
Q2 25
$19.7M
$30.2M
Q1 25
$10.4M
$31.3M
Q4 24
$20.5M
$35.1M
Q3 24
$21.1M
$37.0M
Q2 24
$4.4M
$40.4M
Q1 24
$1.4M
$39.1M
Net Profit
DTSS
DTSS
KREF
KREF
Q4 25
$-538.8K
$-26.2M
Q3 25
$-201.0K
$13.8M
Q2 25
$-204.4K
$-29.7M
Q1 25
$-1.8M
$-4.9M
Q4 24
$-1.1M
$20.3M
Q3 24
$-2.0M
$-7.4M
Q2 24
$-5.4M
$25.8M
Q1 24
$-4.1M
$-3.1M
Gross Margin
DTSS
DTSS
KREF
KREF
Q4 25
9.2%
Q3 25
8.5%
Q2 25
7.8%
Q1 25
2.9%
Q4 24
2.0%
Q3 24
0.9%
Q2 24
6.6%
Q1 24
0.7%
Operating Margin
DTSS
DTSS
KREF
KREF
Q4 25
-4.0%
-105.1%
Q3 25
-2.1%
50.4%
Q2 25
-0.6%
-101.3%
Q1 25
-17.1%
-18.3%
Q4 24
-6.1%
55.8%
Q3 24
-9.6%
-19.6%
Q2 24
-123.1%
63.3%
Q1 24
-297.0%
-8.7%
Net Margin
DTSS
DTSS
KREF
KREF
Q4 25
-4.1%
-101.7%
Q3 25
-1.5%
54.4%
Q2 25
-1.0%
-98.5%
Q1 25
-17.2%
-15.5%
Q4 24
-5.6%
57.7%
Q3 24
-9.3%
-20.0%
Q2 24
-123.3%
63.9%
Q1 24
-299.5%
-7.9%
EPS (diluted)
DTSS
DTSS
KREF
KREF
Q4 25
$-0.06
$-0.49
Q3 25
$-0.02
$0.12
Q2 25
$0.12
$-0.53
Q1 25
$-0.24
$-0.15
Q4 24
$-0.16
$0.22
Q3 24
$-0.49
$-0.19
Q2 24
$-2.10
$0.29
Q1 24
$-1.55
$-0.13

Balance Sheet & Financial Strength

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

Metric
DTSS
DTSS
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5M
$1.2B
Total Assets
$8.6M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DTSS
DTSS
KREF
KREF
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
Q1 25
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
Stockholders' Equity
DTSS
DTSS
KREF
KREF
Q4 25
$3.5M
$1.2B
Q3 25
$3.0M
$1.2B
Q2 25
$3.0M
$1.2B
Q1 25
$2.8M
$1.3B
Q4 24
$3.2M
$1.3B
Q3 24
$4.1M
$1.4B
Q2 24
$-236.7K
$1.4B
Q1 24
$1.3M
$1.4B
Total Assets
DTSS
DTSS
KREF
KREF
Q4 25
$8.6M
$6.5B
Q3 25
$7.7M
$6.5B
Q2 25
$6.7M
$6.8B
Q1 25
$6.2M
$6.6B
Q4 24
$5.9M
$6.4B
Q3 24
$8.0M
$6.8B
Q2 24
$3.3M
$7.1B
Q1 24
$3.4M
$7.3B

Cash Flow & Capital Efficiency

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

Metric
DTSS
DTSS
KREF
KREF
Operating Cash FlowLast quarter
$661.7K
$72.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DTSS
DTSS
KREF
KREF
Q4 25
$661.7K
$72.3M
Q3 25
$879.3K
$18.5M
Q2 25
$-589.2K
$21.1M
Q1 25
$-197.9K
$15.9M
Q4 24
$-854.9K
$132.6M
Q3 24
$-732.7K
$49.1M
Q2 24
$-444.5K
$30.6M
Q1 24
$-321.1K
$34.5M
Free Cash Flow
DTSS
DTSS
KREF
KREF
Q4 25
Q3 25
Q2 25
$-590.1K
Q1 25
$-197.9K
Q4 24
$-859.4K
Q3 24
$-735.4K
Q2 24
$-447.7K
Q1 24
$-321.1K
FCF Margin
DTSS
DTSS
KREF
KREF
Q4 25
Q3 25
Q2 25
-3.0%
Q1 25
-1.9%
Q4 24
-4.2%
Q3 24
-3.5%
Q2 24
-10.3%
Q1 24
-23.2%
Capex Intensity
DTSS
DTSS
KREF
KREF
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
DTSS
DTSS
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
1.19×
Q1 24

Financial Flow Comparison

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

Related Comparisons