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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and La Rosa Holdings Corp. (LRHC). Click either name above to swap in a different company.
KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $20.2M, roughly 1.3× La Rosa Holdings Corp.). La Rosa Holdings Corp. runs the higher net margin — -27.4% vs -101.7%, a 74.4% gap on every dollar of revenue. On growth, La Rosa Holdings Corp. posted the faster year-over-year revenue change (3.2% vs -26.6%). Over the past eight quarters, La Rosa Holdings Corp.'s revenue compounded faster (72.5% 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.
V. La Rosa and Sons Macaroni Company was founded in 1914 by Vincenzo La Rosa, a Sicilian immigrant. The company eventually became one of the largest regional brands in the United States producing over 40 varieties of pasta.
KREF vs LRHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $20.2M |
| Net Profit | $-26.2M | $-5.5M |
| Gross Margin | — | 8.4% |
| Operating Margin | -105.1% | -24.7% |
| Net Margin | -101.7% | -27.4% |
| Revenue YoY | -26.6% | 3.2% |
| Net Profit YoY | -229.6% | -125.7% |
| EPS (diluted) | $-0.49 | $-5.44 |
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 | $25.8M | — | ||
| Q3 25 | $25.3M | $20.2M | ||
| Q2 25 | $30.2M | $23.2M | ||
| Q1 25 | $31.3M | $17.5M | ||
| Q4 24 | $35.1M | $17.7M | ||
| Q3 24 | $37.0M | $19.6M | ||
| Q2 24 | $40.4M | $19.1M | ||
| Q1 24 | $39.1M | $13.1M |
| Q4 25 | $-26.2M | — | ||
| Q3 25 | $13.8M | $-5.5M | ||
| Q2 25 | $-29.7M | $78.4M | ||
| Q1 25 | $-4.9M | $-95.7M | ||
| Q4 24 | $20.3M | $-5.1M | ||
| Q3 24 | $-7.4M | $-2.5M | ||
| Q2 24 | $25.8M | $-2.3M | ||
| Q1 24 | $-3.1M | $-4.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | — | 8.9% |
| Q4 25 | -105.1% | — | ||
| Q3 25 | 50.4% | -24.7% | ||
| Q2 25 | -101.3% | -10.6% | ||
| Q1 25 | -18.3% | -26.7% | ||
| Q4 24 | 55.8% | -17.1% | ||
| Q3 24 | -19.6% | -8.9% | ||
| Q2 24 | 63.3% | -9.7% | ||
| Q1 24 | -8.7% | -35.0% |
| Q4 25 | -101.7% | — | ||
| Q3 25 | 54.4% | -27.4% | ||
| Q2 25 | -98.5% | 337.8% | ||
| Q1 25 | -15.5% | -546.5% | ||
| Q4 24 | 57.7% | -28.7% | ||
| Q3 24 | -20.0% | -12.5% | ||
| Q2 24 | 63.9% | -12.2% | ||
| Q1 24 | -7.9% | -35.1% |
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | $-5.44 | ||
| Q2 25 | $-0.53 | $15.25 | ||
| Q1 25 | $-0.15 | $-5.86 | ||
| Q4 24 | $0.22 | $28.54 | ||
| Q3 24 | $-0.19 | $-16.49 | ||
| Q2 24 | $0.29 | $-12.49 | ||
| Q1 24 | $-0.13 | $-0.35 |
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 | $4.0M |
| Total DebtLower is stronger | — | $642.8K |
| Stockholders' EquityBook value | $1.2B | $1.6M |
| Total Assets | $6.5B | $21.7M |
| Debt / EquityLower = less leverage | — | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | $4.0M | ||
| Q2 25 | $107.7M | $5.1M | ||
| Q1 25 | $106.4M | $2.9M | ||
| Q4 24 | $104.9M | $1.4M | ||
| Q3 24 | $108.8M | $1.8M | ||
| Q2 24 | $107.2M | $1.6M | ||
| Q1 24 | $106.5M | $1.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $642.8K | ||
| Q2 25 | — | $644.3K | ||
| Q1 25 | — | $645.9K | ||
| Q4 24 | — | $647.6K | ||
| Q3 24 | — | $649.2K | ||
| Q2 24 | — | $650.8K | ||
| Q1 24 | — | $652.4K |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.6M | ||
| Q2 25 | $1.2B | $3.4M | ||
| Q1 25 | $1.3B | $-87.5M | ||
| Q4 24 | $1.3B | $2.6M | ||
| Q3 24 | $1.4B | $5.0M | ||
| Q2 24 | $1.4B | $4.7M | ||
| Q1 24 | $1.4B | $5.6M |
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | $21.7M | ||
| Q2 25 | $6.8B | $22.9M | ||
| Q1 25 | $6.6B | $21.0M | ||
| Q4 24 | $6.4B | $19.4M | ||
| Q3 24 | $6.8B | $19.7M | ||
| Q2 24 | $7.1B | $18.7M | ||
| Q1 24 | $7.3B | $16.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.12× |
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 | $72.3M | $-1.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | — | ||
| Q3 25 | $18.5M | $-1.3M | ||
| Q2 25 | $21.1M | $-1.4M | ||
| Q1 25 | $15.9M | $-3.5M | ||
| Q4 24 | $132.6M | $-1.1M | ||
| Q3 24 | $49.1M | $-591.6K | ||
| Q2 24 | $30.6M | $-803.1K | ||
| Q1 24 | $34.5M | $-538.3K |
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | -0.02× | ||
| 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.
Revenue Breakdown by Segment
KREF
Segment breakdown not available.
LRHC
| Real Estate Residential Brokerage Services | $16.8M | 83% |
| Transferred Over Time | $3.5M | 17% |
