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

Lifevantage Corp is the larger business by last-quarter revenue ($48.9M vs $25.8M, roughly 1.9× KKR Real Estate Finance Trust Inc.). Lifevantage Corp runs the higher net margin — 0.6% vs -101.7%, a 102.3% gap on every dollar of revenue. On growth, KKR Real Estate Finance Trust Inc. posted the faster year-over-year revenue change (-26.6% vs -27.8%). Over the past eight quarters, Lifevantage Corp's revenue compounded faster (0.7% 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.

Lifevantage Corp is a health and wellness enterprise that develops, manufactures and distributes science-backed nutritional supplements, skincare and personal care products. It operates via a direct-to-consumer network marketing model, serving customers across North America, Europe and the Asia-Pacific, with focus on anti-aging and holistic health solution segments.

KREF vs LFVN — Head-to-Head

Bigger by revenue
LFVN
LFVN
1.9× larger
LFVN
$48.9M
$25.8M
KREF
Growing faster (revenue YoY)
KREF
KREF
+1.2% gap
KREF
-26.6%
-27.8%
LFVN
Higher net margin
LFVN
LFVN
102.3% more per $
LFVN
0.6%
-101.7%
KREF
Faster 2-yr revenue CAGR
LFVN
LFVN
Annualised
LFVN
0.7%
-18.8%
KREF

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
KREF
KREF
LFVN
LFVN
Revenue
$25.8M
$48.9M
Net Profit
$-26.2M
$276.0K
Gross Margin
74.0%
Operating Margin
-105.1%
1.0%
Net Margin
-101.7%
0.6%
Revenue YoY
-26.6%
-27.8%
Net Profit YoY
-229.6%
-89.2%
EPS (diluted)
$-0.49
$0.02

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
KREF
KREF
LFVN
LFVN
Q4 25
$25.8M
$48.9M
Q3 25
$25.3M
$47.6M
Q2 25
$30.2M
$55.1M
Q1 25
$31.3M
$58.4M
Q4 24
$35.1M
$67.8M
Q3 24
$37.0M
$47.2M
Q2 24
$40.4M
$48.9M
Q1 24
$39.1M
$48.2M
Net Profit
KREF
KREF
LFVN
LFVN
Q4 25
$-26.2M
$276.0K
Q3 25
$13.8M
$2.2M
Q2 25
$-29.7M
$2.0M
Q1 25
$-4.9M
$3.5M
Q4 24
$20.3M
$2.5M
Q3 24
$-7.4M
$1.8M
Q2 24
$25.8M
$1.3M
Q1 24
$-3.1M
$1.7M
Gross Margin
KREF
KREF
LFVN
LFVN
Q4 25
74.0%
Q3 25
79.5%
Q2 25
79.9%
Q1 25
81.0%
Q4 24
80.5%
Q3 24
79.9%
Q2 24
79.5%
Q1 24
78.9%
Operating Margin
KREF
KREF
LFVN
LFVN
Q4 25
-105.1%
1.0%
Q3 25
50.4%
4.8%
Q2 25
-101.3%
3.9%
Q1 25
-18.3%
6.9%
Q4 24
55.8%
5.1%
Q3 24
-19.6%
5.4%
Q2 24
63.3%
5.9%
Q1 24
-8.7%
4.0%
Net Margin
KREF
KREF
LFVN
LFVN
Q4 25
-101.7%
0.6%
Q3 25
54.4%
4.5%
Q2 25
-98.5%
3.6%
Q1 25
-15.5%
5.9%
Q4 24
57.7%
3.8%
Q3 24
-20.0%
3.9%
Q2 24
63.9%
2.7%
Q1 24
-7.9%
3.4%
EPS (diluted)
KREF
KREF
LFVN
LFVN
Q4 25
$-0.49
$0.02
Q3 25
$0.12
$0.17
Q2 25
$-0.53
$0.16
Q1 25
$-0.15
$0.26
Q4 24
$0.22
$0.19
Q3 24
$-0.19
$0.14
Q2 24
$0.29
$0.10
Q1 24
$-0.13
$0.13

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
LFVN
LFVN
Cash + ST InvestmentsLiquidity on hand
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$33.0M
Total Assets
$6.5B
$61.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
LFVN
LFVN
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
$20.2M
Q1 25
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
$16.9M
Q1 24
$106.5M
Stockholders' Equity
KREF
KREF
LFVN
LFVN
Q4 25
$1.2B
$33.0M
Q3 25
$1.2B
$33.2M
Q2 25
$1.2B
$34.6M
Q1 25
$1.3B
$34.0M
Q4 24
$1.3B
$29.9M
Q3 24
$1.4B
$27.7M
Q2 24
$1.4B
$26.0M
Q1 24
$1.4B
$26.8M
Total Assets
KREF
KREF
LFVN
LFVN
Q4 25
$6.5B
$61.2M
Q3 25
$6.5B
$61.6M
Q2 25
$6.8B
$72.0M
Q1 25
$6.6B
$77.2M
Q4 24
$6.4B
$68.5M
Q3 24
$6.8B
$61.5M
Q2 24
$7.1B
$60.3M
Q1 24
$7.3B
$61.3M

Cash Flow & Capital Efficiency

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

Metric
KREF
KREF
LFVN
LFVN
Operating Cash FlowLast quarter
$72.3M
$2.8M
Free Cash FlowOCF − Capex
$1.7M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
10.11×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KREF
KREF
LFVN
LFVN
Q4 25
$72.3M
$2.8M
Q3 25
$18.5M
$-2.3M
Q2 25
$21.1M
$1.0M
Q1 25
$15.9M
$2.2M
Q4 24
$132.6M
$9.2M
Q3 24
$49.1M
$-583.0K
Q2 24
$30.6M
$2.6M
Q1 24
$34.5M
$3.1M
Free Cash Flow
KREF
KREF
LFVN
LFVN
Q4 25
$1.7M
Q3 25
$-2.7M
Q2 25
$835.0K
Q1 25
$1.9M
Q4 24
$8.7M
Q3 24
$-932.0K
Q2 24
$2.3M
Q1 24
$2.8M
FCF Margin
KREF
KREF
LFVN
LFVN
Q4 25
3.5%
Q3 25
-5.8%
Q2 25
1.5%
Q1 25
3.2%
Q4 24
12.8%
Q3 24
-2.0%
Q2 24
4.7%
Q1 24
5.8%
Capex Intensity
KREF
KREF
LFVN
LFVN
Q4 25
2.2%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.7%
Q3 24
0.7%
Q2 24
0.6%
Q1 24
0.6%
Cash Conversion
KREF
KREF
LFVN
LFVN
Q4 25
10.11×
Q3 25
1.34×
-1.07×
Q2 25
0.53×
Q1 25
0.64×
Q4 24
6.54×
3.61×
Q3 24
-0.32×
Q2 24
1.19×
1.98×
Q1 24
1.86×

Financial Flow Comparison

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

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