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

Karyopharm Therapeutics Inc. is the larger business by last-quarter revenue ($34.1M vs $25.8M, roughly 1.3× KKR Real Estate Finance Trust Inc.). KKR Real Estate Finance Trust Inc. runs the higher net margin — -101.7% vs -299.9%, a 198.1% gap on every dollar of revenue. On growth, Karyopharm Therapeutics Inc. posted the faster year-over-year revenue change (11.6% vs -26.6%). Over the past eight quarters, Karyopharm Therapeutics Inc.'s revenue compounded faster (1.4% CAGR vs -18.8%).

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.

KPTI vs KREF — Head-to-Head

Bigger by revenue
KPTI
KPTI
1.3× larger
KPTI
$34.1M
$25.8M
KREF
Growing faster (revenue YoY)
KPTI
KPTI
+38.2% gap
KPTI
11.6%
-26.6%
KREF
Higher net margin
KREF
KREF
198.1% more per $
KREF
-101.7%
-299.9%
KPTI
Faster 2-yr revenue CAGR
KPTI
KPTI
Annualised
KPTI
1.4%
-18.8%
KREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KPTI
KPTI
KREF
KREF
Revenue
$34.1M
$25.8M
Net Profit
$-102.2M
$-26.2M
Gross Margin
Operating Margin
-52.4%
-105.1%
Net Margin
-299.9%
-101.7%
Revenue YoY
11.6%
-26.6%
Net Profit YoY
-232.0%
-229.6%
EPS (diluted)
$-7.02
$-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
KPTI
KPTI
KREF
KREF
Q4 25
$34.1M
$25.8M
Q3 25
$44.0M
$25.3M
Q2 25
$37.9M
$30.2M
Q1 25
$30.0M
$31.3M
Q4 24
$30.5M
$35.1M
Q3 24
$38.8M
$37.0M
Q2 24
$42.8M
$40.4M
Q1 24
$33.1M
$39.1M
Net Profit
KPTI
KPTI
KREF
KREF
Q4 25
$-102.2M
$-26.2M
Q3 25
$-33.1M
$13.8M
Q2 25
$-37.3M
$-29.7M
Q1 25
$-23.5M
$-4.9M
Q4 24
$-30.8M
$20.3M
Q3 24
$-32.1M
$-7.4M
Q2 24
$23.8M
$25.8M
Q1 24
$-37.4M
$-3.1M
Operating Margin
KPTI
KPTI
KREF
KREF
Q4 25
-52.4%
-105.1%
Q3 25
-34.6%
50.4%
Q2 25
-64.3%
-101.3%
Q1 25
-110.8%
-18.3%
Q4 24
-102.4%
55.8%
Q3 24
-67.8%
-19.6%
Q2 24
-65.7%
63.3%
Q1 24
-101.9%
-8.7%
Net Margin
KPTI
KPTI
KREF
KREF
Q4 25
-299.9%
-101.7%
Q3 25
-75.2%
54.4%
Q2 25
-98.2%
-98.5%
Q1 25
-78.2%
-15.5%
Q4 24
-100.8%
57.7%
Q3 24
-82.7%
-20.0%
Q2 24
55.6%
63.9%
Q1 24
-112.8%
-7.9%
EPS (diluted)
KPTI
KPTI
KREF
KREF
Q4 25
$-7.02
$-0.49
Q3 25
$-3.82
$0.12
Q2 25
$-4.32
$-0.53
Q1 25
$-2.77
$-0.15
Q4 24
$-2.33
$0.22
Q3 24
$-3.85
$-0.19
Q2 24
$-2.97
$0.29
Q1 24
$-4.85
$-0.13

Balance Sheet & Financial Strength

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

Metric
KPTI
KPTI
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$60.5M
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-292.9M
$1.2B
Total Assets
$108.4M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KPTI
KPTI
KREF
KREF
Q4 25
$60.5M
$84.6M
Q3 25
$37.7M
$204.1M
Q2 25
$38.7M
$107.7M
Q1 25
$38.8M
$106.4M
Q4 24
$62.5M
$104.9M
Q3 24
$72.8M
$108.8M
Q2 24
$84.8M
$107.2M
Q1 24
$30.6M
$106.5M
Stockholders' Equity
KPTI
KPTI
KREF
KREF
Q4 25
$-292.9M
$1.2B
Q3 25
$-269.3M
$1.2B
Q2 25
$-238.9M
$1.2B
Q1 25
$-205.9M
$1.3B
Q4 24
$-186.0M
$1.3B
Q3 24
$-159.6M
$1.4B
Q2 24
$-132.1M
$1.4B
Q1 24
$-169.0M
$1.4B
Total Assets
KPTI
KPTI
KREF
KREF
Q4 25
$108.4M
$6.5B
Q3 25
$96.2M
$6.5B
Q2 25
$104.9M
$6.8B
Q1 25
$127.7M
$6.6B
Q4 24
$164.4M
$6.4B
Q3 24
$189.5M
$6.8B
Q2 24
$214.0M
$7.1B
Q1 24
$204.5M
$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
KPTI
KPTI
KREF
KREF
Operating Cash FlowLast quarter
$-11.8M
$72.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KPTI
KPTI
KREF
KREF
Q4 25
$-11.8M
$72.3M
Q3 25
$-5.9M
$18.5M
Q2 25
$-18.7M
$21.1M
Q1 25
$-39.0M
$15.9M
Q4 24
$-25.8M
$132.6M
Q3 24
$-19.5M
$49.1M
Q2 24
$-38.5M
$30.6M
Q1 24
$-43.7M
$34.5M
Free Cash Flow
KPTI
KPTI
KREF
KREF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-25.9M
Q3 24
Q2 24
Q1 24
$-43.9M
FCF Margin
KPTI
KPTI
KREF
KREF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-84.7%
Q3 24
Q2 24
Q1 24
-132.6%
Capex Intensity
KPTI
KPTI
KREF
KREF
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.6%
Cash Conversion
KPTI
KPTI
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
-1.62×
1.19×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KPTI
KPTI

Products$32.1M94%
License And Other$2.0M6%

KREF
KREF

Segment breakdown not available.

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