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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Laird Superfood, Inc. (LSF). 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 $13.3M, roughly 1.9× Laird Superfood, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -101.7%, a 88.6% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -26.6%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% 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.
Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.
KREF vs LSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $13.3M |
| Net Profit | $-26.2M | $-1.8M |
| Gross Margin | — | 34.1% |
| Operating Margin | -105.1% | -13.5% |
| Net Margin | -101.7% | -13.2% |
| Revenue YoY | -26.6% | 15.0% |
| Net Profit YoY | -229.6% | -341.4% |
| 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 | $25.8M | $13.3M | ||
| Q3 25 | $25.3M | $12.9M | ||
| Q2 25 | $30.2M | $12.0M | ||
| Q1 25 | $31.3M | $11.7M | ||
| Q4 24 | $35.1M | $11.6M | ||
| Q3 24 | $37.0M | $11.8M | ||
| Q2 24 | $40.4M | $10.0M | ||
| Q1 24 | $39.1M | $9.9M |
| Q4 25 | $-26.2M | $-1.8M | ||
| Q3 25 | $13.8M | $-975.1K | ||
| Q2 25 | $-29.7M | $-362.2K | ||
| Q1 25 | $-4.9M | $-156.2K | ||
| Q4 24 | $20.3M | $-398.4K | ||
| Q3 24 | $-7.4M | $-166.1K | ||
| Q2 24 | $25.8M | $-239.1K | ||
| Q1 24 | $-3.1M | $-1.0M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 41.8% | ||
| Q1 24 | — | 40.0% |
| Q4 25 | -105.1% | -13.5% | ||
| Q3 25 | 50.4% | -7.7% | ||
| Q2 25 | -101.3% | -3.3% | ||
| Q1 25 | -18.3% | -1.9% | ||
| Q4 24 | 55.8% | -4.1% | ||
| Q3 24 | -19.6% | -2.3% | ||
| Q2 24 | 63.3% | -3.4% | ||
| Q1 24 | -8.7% | -11.0% |
| Q4 25 | -101.7% | -13.2% | ||
| Q3 25 | 54.4% | -7.6% | ||
| Q2 25 | -98.5% | -3.0% | ||
| Q1 25 | -15.5% | -1.3% | ||
| Q4 24 | 57.7% | -3.4% | ||
| Q3 24 | -20.0% | -1.4% | ||
| Q2 24 | 63.9% | -2.4% | ||
| Q1 24 | -7.9% | -10.3% |
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $84.6M | $5.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $11.5M |
| Total Assets | $6.5B | $19.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $5.1M | ||
| Q3 25 | $204.1M | $5.1M | ||
| Q2 25 | $107.7M | $3.9M | ||
| Q1 25 | $106.4M | $7.0M | ||
| Q4 24 | $104.9M | $8.3M | ||
| Q3 24 | $108.8M | $7.9M | ||
| Q2 24 | $107.2M | $7.6M | ||
| Q1 24 | $106.5M | $7.1M |
| Q4 25 | $1.2B | $11.5M | ||
| Q3 25 | $1.2B | $12.8M | ||
| Q2 25 | $1.2B | $13.4M | ||
| Q1 25 | $1.3B | $13.3M | ||
| Q4 24 | $1.3B | $13.2M | ||
| Q3 24 | $1.4B | $13.1M | ||
| Q2 24 | $1.4B | $12.6M | ||
| Q1 24 | $1.4B | $12.7M |
| Q4 25 | $6.5B | $19.2M | ||
| Q3 25 | $6.5B | $18.9M | ||
| Q2 25 | $6.8B | $20.4M | ||
| Q1 25 | $6.6B | $21.5M | ||
| Q4 24 | $6.4B | $19.3M | ||
| Q3 24 | $6.8B | $18.8M | ||
| Q2 24 | $7.1B | $18.0M | ||
| Q1 24 | $7.3B | $17.6M |
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 | $68.4K |
| 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 | $68.4K | ||
| Q3 25 | $18.5M | $1.2M | ||
| Q2 25 | $21.1M | $-2.8M | ||
| Q1 25 | $15.9M | $-1.3M | ||
| Q4 24 | $132.6M | $339.2K | ||
| Q3 24 | $49.1M | $305.8K | ||
| Q2 24 | $30.6M | $642.7K | ||
| Q1 24 | $34.5M | $-422.3K |
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| 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.
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
