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

SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $9.1M, roughly 1.6× Fold Holdings, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -379.9%, a 362.9% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 8.2%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 36.1%).

Fold Holdings, Inc. is a U.S.-based fintech firm specializing in crypto-integrated consumer financial products. Its core offerings include a rewards debit card that provides Bitcoin and other cryptocurrency cashback on routine purchases, alongside user-friendly digital wallet tools for secure crypto storage, serving primarily the North American consumer market.

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.

FLD vs SSII — Head-to-Head

Bigger by revenue
SSII
SSII
1.6× larger
SSII
$14.5M
$9.1M
FLD
Growing faster (revenue YoY)
SSII
SSII
+70.9% gap
SSII
79.1%
8.2%
FLD
Higher net margin
SSII
SSII
362.9% more per $
SSII
-17.0%
-379.9%
FLD
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
36.1%
FLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLD
FLD
SSII
SSII
Revenue
$9.1M
$14.5M
Net Profit
$-34.7M
$-2.5M
Gross Margin
43.9%
Operating Margin
-380.0%
-3.7%
Net Margin
-379.9%
-17.0%
Revenue YoY
8.2%
79.1%
Net Profit YoY
-7232.4%
-28.5%
EPS (diluted)
$-0.02
$-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
FLD
FLD
SSII
SSII
Q4 25
$9.1M
$14.5M
Q3 25
$7.4M
$12.8M
Q2 25
$8.2M
$10.0M
Q1 25
$7.1M
$5.1M
Q4 24
$8.4M
$8.1M
Q3 24
$5.2M
$4.4M
Q2 24
$5.1M
$4.5M
Q1 24
$4.9M
$3.6M
Net Profit
FLD
FLD
SSII
SSII
Q4 25
$-34.7M
$-2.5M
Q3 25
$554.2K
$-3.7M
Q2 25
$13.4M
$-256.7K
Q1 25
$-48.9M
$-5.7M
Q4 24
$486.4K
$-1.9M
Q3 24
$-62.3M
$-3.2M
Q2 24
$-2.3M
$-4.1M
Q1 24
$-945.0K
$-9.8M
Gross Margin
FLD
FLD
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
FLD
FLD
SSII
SSII
Q4 25
-380.0%
-3.7%
Q3 25
7.5%
-14.3%
Q2 25
1.0%
Q1 25
-689.6%
-115.6%
Q4 24
-9.1%
-22.7%
Q3 24
-15.3%
-73.1%
Q2 24
-12.2%
-90.9%
Q1 24
-14.7%
-270.3%
Net Margin
FLD
FLD
SSII
SSII
Q4 25
-379.9%
-17.0%
Q3 25
7.5%
-29.0%
Q2 25
164.2%
-2.6%
Q1 25
-689.6%
-111.0%
Q4 24
5.8%
-23.7%
Q3 24
-1188.7%
-74.0%
Q2 24
-45.1%
-91.8%
Q1 24
-19.2%
-270.5%
EPS (diluted)
FLD
FLD
SSII
SSII
Q4 25
$-0.02
$-0.01
Q3 25
$0.01
$-0.02
Q2 25
$0.28
$0.00
Q1 25
$-1.92
$-0.03
Q4 24
$0.09
$-0.01
Q3 24
$-10.68
$-0.02
Q2 24
$-0.40
$-0.02
Q1 24
$-0.16
$-0.06

Balance Sheet & Financial Strength

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

Metric
FLD
FLD
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$7.7M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.0M
$38.2M
Total Assets
$153.5M
$74.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLD
FLD
SSII
SSII
Q4 25
$7.7M
$3.2M
Q3 25
$6.7M
$5.7M
Q2 25
$6.6M
$11.4M
Q1 25
$11.7M
$15.9M
Q4 24
$18.3M
$466.5K
Q3 24
$220.4K
Q2 24
$608.2K
Q1 24
$948.1K
Stockholders' Equity
FLD
FLD
SSII
SSII
Q4 25
$63.0M
$38.2M
Q3 25
$94.7M
$39.6M
Q2 25
$88.5M
$42.0M
Q1 25
$71.9M
$40.6M
Q4 24
$-67.8M
$13.5M
Q3 24
$-7.4M
$13.7M
Q2 24
$-74.0M
$14.8M
Q1 24
$-9.4M
$16.7M
Total Assets
FLD
FLD
SSII
SSII
Q4 25
$153.5M
$74.2M
Q3 25
$191.0M
$69.6M
Q2 25
$182.1M
$70.0M
Q1 25
$148.5M
$63.5M
Q4 24
$125.7M
$42.4M
Q3 24
$52.2M
$39.0M
Q2 24
$51.8M
$35.7M
Q1 24
$51.5M
$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
FLD
FLD
SSII
SSII
Operating Cash FlowLast quarter
$-16.1M
$-1.5M
Free Cash FlowOCF − Capex
$-3.2M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLD
FLD
SSII
SSII
Q4 25
$-16.1M
$-1.5M
Q3 25
$-2.5M
$-7.5M
Q2 25
$-4.0M
$-3.5M
Q1 25
$-5.0M
$-6.1M
Q4 24
$-3.3M
$-3.3M
Q3 24
$-2.2M
$-2.5M
Q2 24
$-859.6K
$-1.0M
Q1 24
$-354.2K
$-2.7M
Free Cash Flow
FLD
FLD
SSII
SSII
Q4 25
$-3.2M
Q3 25
$-8.2M
Q2 25
$-3.8M
Q1 25
$-7.0M
Q4 24
$-3.4M
Q3 24
$-4.2M
Q2 24
$-3.1M
Q1 24
$-2.8M
FCF Margin
FLD
FLD
SSII
SSII
Q4 25
-22.3%
Q3 25
-64.1%
Q2 25
-37.7%
Q1 25
-136.2%
Q4 24
-41.7%
Q3 24
-96.9%
Q2 24
-69.5%
Q1 24
-76.9%
Capex Intensity
FLD
FLD
SSII
SSII
Q4 25
11.8%
Q3 25
5.9%
Q2 25
3.2%
Q1 25
17.0%
Q4 24
1.5%
Q3 24
38.8%
Q2 24
46.8%
Q1 24
3.5%
Cash Conversion
FLD
FLD
SSII
SSII
Q4 25
Q3 25
-4.47×
Q2 25
-0.30×
Q1 25
Q4 24
-6.82×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLD
FLD

Banking And Payment Revenues$8.4M92%
Other$706.0K8%

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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