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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and MOGU Inc. (MOGU). 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 $19.5M, roughly 1.3× MOGU Inc.). MOGU Inc. runs the higher net margin — -44.3% vs -101.7%, a 57.5% gap on every dollar of revenue. On growth, MOGU Inc. posted the faster year-over-year revenue change (-12.4% vs -26.6%).

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.

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

KREF vs MOGU — Head-to-Head

Bigger by revenue
KREF
KREF
1.3× larger
KREF
$25.8M
$19.5M
MOGU
Growing faster (revenue YoY)
MOGU
MOGU
+14.2% gap
MOGU
-12.4%
-26.6%
KREF
Higher net margin
MOGU
MOGU
57.5% more per $
MOGU
-44.3%
-101.7%
KREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KREF
KREF
MOGU
MOGU
Revenue
$25.8M
$19.5M
Net Profit
$-26.2M
$-8.6M
Gross Margin
0.0%
Operating Margin
-105.1%
-71.6%
Net Margin
-101.7%
-44.3%
Revenue YoY
-26.6%
-12.4%
Net Profit YoY
-229.6%
-5.0%
EPS (diluted)
$-0.49
$0.00

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
MOGU
MOGU
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.2M
Q1 25
$31.3M
$19.5M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
Q1 24
$39.1M
$22.2M
Net Profit
KREF
KREF
MOGU
MOGU
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-29.7M
Q1 25
$-4.9M
$-8.6M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
Q1 24
$-3.1M
$-8.2M
Gross Margin
KREF
KREF
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Operating Margin
KREF
KREF
MOGU
MOGU
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
-101.3%
Q1 25
-18.3%
-71.6%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
Q1 24
-8.7%
-49.4%
Net Margin
KREF
KREF
MOGU
MOGU
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-98.5%
Q1 25
-15.5%
-44.3%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
Q1 24
-7.9%
-37.0%
EPS (diluted)
KREF
KREF
MOGU
MOGU
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$-0.53
Q1 25
$-0.15
$0.00
Q4 24
$0.22
Q3 24
$-0.19
Q2 24
$0.29
Q1 24
$-0.13
$0.00

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
MOGU
MOGU
Cash + ST InvestmentsLiquidity on hand
$84.6M
$52.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$70.1M
Total Assets
$6.5B
$118.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
MOGU
MOGU
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
Q1 25
$106.4M
$52.3M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
$58.2M
Stockholders' Equity
KREF
KREF
MOGU
MOGU
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
$70.1M
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
$81.5M
Total Assets
KREF
KREF
MOGU
MOGU
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$6.8B
Q1 25
$6.6B
$118.3M
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$7.3B
$130.0M

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
MOGU
MOGU
Operating Cash FlowLast quarter
$72.3M
$-9.4M
Free Cash FlowOCF − Capex
$-10.7M
FCF MarginFCF / Revenue
-55.2%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KREF
KREF
MOGU
MOGU
Q4 25
$72.3M
Q3 25
$18.5M
Q2 25
$21.1M
Q1 25
$15.9M
$-9.4M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
Q1 24
$34.5M
$-5.6M
Free Cash Flow
KREF
KREF
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
$-10.7M
Q4 24
Q3 24
Q2 24
Q1 24
$-18.6M
FCF Margin
KREF
KREF
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
-55.2%
Q4 24
Q3 24
Q2 24
Q1 24
-84.0%
Capex Intensity
KREF
KREF
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
7.1%
Q4 24
Q3 24
Q2 24
Q1 24
58.7%
Cash Conversion
KREF
KREF
MOGU
MOGU
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.

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