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Side-by-side financial comparison of Golden Matrix Group, Inc. (GMGI) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
Golden Matrix Group, Inc. is the larger business by last-quarter revenue ($49.6M vs $25.8M, roughly 1.9× KKR Real Estate Finance Trust Inc.). KKR Real Estate Finance Trust Inc. runs the higher net margin — -101.7% vs -179.0%, a 77.2% gap on every dollar of revenue. On growth, Golden Matrix Group, Inc. posted the faster year-over-year revenue change (-15.8% vs -26.6%). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% CAGR vs -18.8%).
Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.
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.
GMGI vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.6M | $25.8M |
| Net Profit | $-88.7M | $-26.2M |
| Gross Margin | 57.5% | — |
| Operating Margin | -188.3% | -105.1% |
| Net Margin | -179.0% | -101.7% |
| Revenue YoY | -15.8% | -26.6% |
| Net Profit YoY | -4880.1% | -229.6% |
| EPS (diluted) | $-7.73 | $-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.
| Q4 25 | $49.6M | $25.8M | ||
| Q3 25 | $47.3M | $25.3M | ||
| Q2 25 | $43.2M | $30.2M | ||
| Q1 25 | $42.7M | $31.3M | ||
| Q4 24 | $58.9M | $35.1M | ||
| Q3 24 | $41.0M | $37.0M | ||
| Q2 24 | $39.4M | $40.4M | ||
| Q1 24 | $11.8M | $39.1M |
| Q4 25 | $-88.7M | $-26.2M | ||
| Q3 25 | $566.0K | $13.8M | ||
| Q2 25 | $-3.6M | $-29.7M | ||
| Q1 25 | $-231.6K | $-4.9M | ||
| Q4 24 | $1.9M | $20.3M | ||
| Q3 24 | $-3.4M | $-7.4M | ||
| Q2 24 | $64.9K | $25.8M | ||
| Q1 24 | $74.5K | $-3.1M |
| Q4 25 | 57.5% | — | ||
| Q3 25 | 55.8% | — | ||
| Q2 25 | 56.4% | — | ||
| Q1 25 | 56.6% | — | ||
| Q4 24 | 69.8% | — | ||
| Q3 24 | 54.7% | — | ||
| Q2 24 | 55.0% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | -188.3% | -105.1% | ||
| Q3 25 | -0.8% | 50.4% | ||
| Q2 25 | -5.3% | -101.3% | ||
| Q1 25 | -0.2% | -18.3% | ||
| Q4 24 | 5.6% | 55.8% | ||
| Q3 24 | -2.4% | -19.6% | ||
| Q2 24 | 0.3% | 63.3% | ||
| Q1 24 | 2.4% | -8.7% |
| Q4 25 | -179.0% | -101.7% | ||
| Q3 25 | 1.2% | 54.4% | ||
| Q2 25 | -8.3% | -98.5% | ||
| Q1 25 | -0.5% | -15.5% | ||
| Q4 24 | 3.2% | 57.7% | ||
| Q3 24 | -8.3% | -20.0% | ||
| Q2 24 | 0.2% | 63.9% | ||
| Q1 24 | 0.6% | -7.9% |
| Q4 25 | $-7.73 | $-0.49 | ||
| Q3 25 | $0.00 | $0.12 | ||
| Q2 25 | $-0.03 | $-0.53 | ||
| Q1 25 | $0.00 | $-0.15 | ||
| Q4 24 | $-0.13 | $0.22 | ||
| Q3 24 | $-0.03 | $-0.19 | ||
| Q2 24 | $0.00 | $0.29 | ||
| Q1 24 | $0.00 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $46.5M | $1.2B |
| Total Assets | $118.1M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q4 25 | $46.5M | $1.2B | ||
| Q3 25 | $123.5M | $1.2B | ||
| Q2 25 | $121.3M | $1.2B | ||
| Q1 25 | $108.5M | $1.3B | ||
| Q4 24 | $105.1M | $1.3B | ||
| Q3 24 | $94.3M | $1.4B | ||
| Q2 24 | $90.4M | $1.4B | ||
| Q1 24 | $32.1M | $1.4B |
| Q4 25 | $118.1M | $6.5B | ||
| Q3 25 | $209.8M | $6.5B | ||
| Q2 25 | $210.3M | $6.8B | ||
| Q1 25 | $214.0M | $6.6B | ||
| Q4 24 | $213.7M | $6.4B | ||
| Q3 24 | $213.5M | $6.8B | ||
| Q2 24 | $191.5M | $7.1B | ||
| Q1 24 | $37.1M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.2M | $72.3M |
| Free Cash FlowOCF − Capex | $6.4M | — |
| FCF MarginFCF / Revenue | 13.0% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $72.3M | ||
| Q3 25 | $7.0M | $18.5M | ||
| Q2 25 | $2.4M | $21.1M | ||
| Q1 25 | $7.7M | $15.9M | ||
| Q4 24 | — | $132.6M | ||
| Q3 24 | $4.8M | $49.1M | ||
| Q2 24 | — | $30.6M | ||
| Q1 24 | $8.2K | $34.5M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $-89.4K | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $6.7K | — |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 12.42× | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | 0.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GMGI
| R Kings And CFAC | $43.8M | 88% |
| Other | $5.8M | 12% |
KREF
Segment breakdown not available.
