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Side-by-side financial comparison of Hyperscale Data, Inc. (GPUS) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
Hyperscale Data, Inc. is the larger business by last-quarter revenue ($26.9M vs $25.8M, roughly 1.0× KKR Real Estate Finance Trust Inc.). KKR Real Estate Finance Trust Inc. runs the higher net margin — -101.7% vs -112.0%, a 10.2% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs -26.6%). Over the past eight quarters, Hyperscale Data, Inc.'s revenue compounded faster (-16.3% CAGR vs -18.8%).
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
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.
GPUS vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.9M | $25.8M |
| Net Profit | $-30.1M | $-26.2M |
| Gross Margin | 14.5% | — |
| Operating Margin | -117.8% | -105.1% |
| Net Margin | -112.0% | -101.7% |
| Revenue YoY | 38.4% | -26.6% |
| Net Profit YoY | -6670.3% | -229.6% |
| EPS (diluted) | — | $-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 | $26.9M | $25.8M | ||
| Q3 25 | $24.3M | $25.3M | ||
| Q2 25 | $25.9M | $30.2M | ||
| Q1 25 | $25.0M | $31.3M | ||
| Q4 24 | $19.4M | $35.1M | ||
| Q3 24 | $31.1M | $37.0M | ||
| Q2 24 | $17.8M | $40.4M | ||
| Q1 24 | $38.4M | $39.1M |
| Q4 25 | $-30.1M | $-26.2M | ||
| Q3 25 | $-13.0M | $13.8M | ||
| Q2 25 | $-19.1M | $-29.7M | ||
| Q1 25 | $-4.2M | $-4.9M | ||
| Q4 24 | $-445.0K | $20.3M | ||
| Q3 24 | $-25.5M | $-7.4M | ||
| Q2 24 | $-33.9M | $25.8M | ||
| Q1 24 | $3.7M | $-3.1M |
| Q4 25 | 14.5% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 27.5% | — | ||
| Q2 24 | -21.3% | — | ||
| Q1 24 | 47.4% | — |
| Q4 25 | -117.8% | -105.1% | ||
| Q3 25 | -57.8% | 50.4% | ||
| Q2 25 | -39.2% | -101.3% | ||
| Q1 25 | -25.5% | -18.3% | ||
| Q4 24 | -46.8% | 55.8% | ||
| Q3 24 | -79.2% | -19.6% | ||
| Q2 24 | -151.4% | 63.3% | ||
| Q1 24 | 9.5% | -8.7% |
| Q4 25 | -112.0% | -101.7% | ||
| Q3 25 | -53.5% | 54.4% | ||
| Q2 25 | -73.7% | -98.5% | ||
| Q1 25 | -16.8% | -15.5% | ||
| Q4 24 | -2.3% | 57.7% | ||
| Q3 24 | -82.3% | -20.0% | ||
| Q2 24 | -190.7% | 63.9% | ||
| Q1 24 | 9.7% | -7.9% |
| Q4 25 | — | $-0.49 | ||
| Q3 25 | $-0.39 | $0.12 | ||
| Q2 25 | $-2.66 | $-0.53 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-8.78 | $0.22 | ||
| Q3 24 | $-24.82 | $-0.19 | ||
| Q2 24 | $-37.81 | $0.29 | ||
| Q1 24 | $3.32 | $-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 | $13.1M | $84.6M |
| Total DebtLower is stronger | $83.1M | — |
| Stockholders' EquityBook value | $119.8M | $1.2B |
| Total Assets | $313.7M | $6.5B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $84.6M | ||
| Q3 25 | $24.8M | $204.1M | ||
| Q2 25 | $5.9M | $107.7M | ||
| Q1 25 | $4.2M | $106.4M | ||
| Q4 24 | $4.5M | $104.9M | ||
| Q3 24 | $7.9M | $108.8M | ||
| Q2 24 | $9.6M | $107.2M | ||
| Q1 24 | $18.9M | $106.5M |
| Q4 25 | $83.1M | — | ||
| Q3 25 | $80.0M | — | ||
| Q2 25 | $88.5M | — | ||
| Q1 25 | $92.8M | — | ||
| Q4 24 | $96.7M | — | ||
| Q3 24 | $104.8M | — | ||
| Q2 24 | $106.8M | — | ||
| Q1 24 | $30.0M | — |
| Q4 25 | $119.8M | $1.2B | ||
| Q3 25 | $55.9M | $1.2B | ||
| Q2 25 | $5.5M | $1.2B | ||
| Q1 25 | $6.3M | $1.3B | ||
| Q4 24 | $8.6M | $1.3B | ||
| Q3 24 | $2.7M | $1.4B | ||
| Q2 24 | $26.7M | $1.4B | ||
| Q1 24 | $59.0M | $1.4B |
| Q4 25 | $313.7M | $6.5B | ||
| Q3 25 | $242.4M | $6.5B | ||
| Q2 25 | $213.5M | $6.8B | ||
| Q1 25 | $218.5M | $6.6B | ||
| Q4 24 | $220.8M | $6.4B | ||
| Q3 24 | $231.5M | $6.8B | ||
| Q2 24 | $270.8M | $7.1B | ||
| Q1 24 | $299.8M | $7.3B |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 16.06× | — | ||
| Q1 25 | 14.71× | — | ||
| Q4 24 | 11.19× | — | ||
| Q3 24 | 38.41× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.51× | — |
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 | $-37.7M | $72.3M |
| Free Cash FlowOCF − Capex | $-56.2M | — |
| FCF MarginFCF / Revenue | -208.7% | — |
| Capex IntensityCapex / Revenue | 68.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-87.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-37.7M | $72.3M | ||
| Q3 25 | $-17.8M | $18.5M | ||
| Q2 25 | $-3.1M | $21.1M | ||
| Q1 25 | $-4.0M | $15.9M | ||
| Q4 24 | $-9.2M | $132.6M | ||
| Q3 24 | $3.7M | $49.1M | ||
| Q2 24 | $-3.7M | $30.6M | ||
| Q1 24 | $-10.2M | $34.5M |
| Q4 25 | $-56.2M | — | ||
| Q3 25 | $-20.6M | — | ||
| Q2 25 | $-3.5M | — | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | $-9.3M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $-5.9M | — | ||
| Q1 24 | $-11.6M | — |
| Q4 25 | -208.7% | — | ||
| Q3 25 | -84.5% | — | ||
| Q2 25 | -13.5% | — | ||
| Q1 25 | -27.3% | — | ||
| Q4 24 | -47.6% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | -33.4% | — | ||
| Q1 24 | -30.3% | — |
| Q4 25 | 68.6% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | -2.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
KREF
Segment breakdown not available.
