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

INNEOVA Holdings Ltd is the larger business by last-quarter revenue ($30.8M vs $25.8M, roughly 1.2× KKR Real Estate Finance Trust Inc.). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -101.7%, a 102.5% gap on every dollar of revenue.

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.

INEO vs KREF — Head-to-Head

Bigger by revenue
INEO
INEO
1.2× larger
INEO
$30.8M
$25.8M
KREF
Higher net margin
INEO
INEO
102.5% more per $
INEO
0.8%
-101.7%
KREF

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
INEO
INEO
KREF
KREF
Revenue
$30.8M
$25.8M
Net Profit
$243.0K
$-26.2M
Gross Margin
19.3%
Operating Margin
3.6%
-105.1%
Net Margin
0.8%
-101.7%
Revenue YoY
-26.6%
Net Profit YoY
-229.6%
EPS (diluted)
$0.02
$-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
INEO
INEO
KREF
KREF
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.8M
$30.2M
Q1 25
$31.3M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
Q1 24
$39.1M
Net Profit
INEO
INEO
KREF
KREF
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$243.0K
$-29.7M
Q1 25
$-4.9M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
Q1 24
$-3.1M
Gross Margin
INEO
INEO
KREF
KREF
Q4 25
Q3 25
Q2 25
19.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
INEO
INEO
KREF
KREF
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
3.6%
-101.3%
Q1 25
-18.3%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
Q1 24
-8.7%
Net Margin
INEO
INEO
KREF
KREF
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
0.8%
-98.5%
Q1 25
-15.5%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
Q1 24
-7.9%
EPS (diluted)
INEO
INEO
KREF
KREF
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$0.02
$-0.53
Q1 25
$-0.15
Q4 24
$0.22
Q3 24
$-0.19
Q2 24
$0.29
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
INEO
INEO
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$2.1M
$84.6M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$11.2M
$1.2B
Total Assets
$52.6M
$6.5B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INEO
INEO
KREF
KREF
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$2.1M
$107.7M
Q1 25
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
Total Debt
INEO
INEO
KREF
KREF
Q4 25
Q3 25
Q2 25
$2.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INEO
INEO
KREF
KREF
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$11.2M
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Total Assets
INEO
INEO
KREF
KREF
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$52.6M
$6.8B
Q1 25
$6.6B
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$7.3B
Debt / Equity
INEO
INEO
KREF
KREF
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
INEO
INEO
KREF
KREF
Operating Cash FlowLast quarter
$-301.0K
$72.3M
Free Cash FlowOCF − Capex
$-1.5M
FCF MarginFCF / Revenue
-4.8%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INEO
INEO
KREF
KREF
Q4 25
$72.3M
Q3 25
$18.5M
Q2 25
$-301.0K
$21.1M
Q1 25
$15.9M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
Q1 24
$34.5M
Free Cash Flow
INEO
INEO
KREF
KREF
Q4 25
Q3 25
Q2 25
$-1.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
INEO
INEO
KREF
KREF
Q4 25
Q3 25
Q2 25
-4.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
INEO
INEO
KREF
KREF
Q4 25
Q3 25
Q2 25
3.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
INEO
INEO
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
-1.24×
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.

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