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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Rumble Inc. (RUM). Click either name above to swap in a different company.
Rumble Inc. is the larger business by last-quarter revenue ($27.1M vs $25.8M, roughly 1.0× KKR Real Estate Finance Trust Inc.). KKR Real Estate Finance Trust Inc. runs the higher net margin — -101.7% vs -120.8%, a 19.0% gap on every dollar of revenue. On growth, Rumble Inc. posted the faster year-over-year revenue change (-10.5% vs -26.6%). Over the past eight quarters, Rumble Inc.'s revenue compounded faster (15.2% 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.
Rumble is a Canadian-American online video platform, web hosting, and cloud services business headquartered in Toronto, Canada, with its U.S. headquarters in Longboat Key, Florida. It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. Rumble's cloud services business hosts Truth Social, and the video platform is popular among American conservative and far-right users. Rumble has been described as "alt-tech".
KREF vs RUM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $27.1M |
| Net Profit | $-26.2M | $-32.7M |
| Gross Margin | — | 5.5% |
| Operating Margin | -105.1% | -131.1% |
| Net Margin | -101.7% | -120.8% |
| Revenue YoY | -26.6% | -10.5% |
| Net Profit YoY | -229.6% | 86.2% |
| EPS (diluted) | $-0.49 | $-0.13 |
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 | $27.1M | ||
| Q3 25 | $25.3M | $24.8M | ||
| Q2 25 | $30.2M | — | ||
| Q1 25 | $31.3M | $23.7M | ||
| Q4 24 | $35.1M | $30.2M | ||
| Q3 24 | $37.0M | $25.1M | ||
| Q2 24 | $40.4M | $22.5M | ||
| Q1 24 | $39.1M | $17.7M |
| Q4 25 | $-26.2M | $-32.7M | ||
| Q3 25 | $13.8M | $-16.3M | ||
| Q2 25 | $-29.7M | — | ||
| Q1 25 | $-4.9M | $-2.7M | ||
| Q4 24 | $20.3M | $-236.8M | ||
| Q3 24 | $-7.4M | $-31.5M | ||
| Q2 24 | $25.8M | $-26.8M | ||
| Q1 24 | $-3.1M | $-43.3M |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% |
| Q4 25 | -105.1% | -131.1% | ||
| Q3 25 | 50.4% | -113.6% | ||
| Q2 25 | -101.3% | — | ||
| Q1 25 | -18.3% | -153.5% | ||
| Q4 24 | 55.8% | -80.1% | ||
| Q3 24 | -19.6% | -131.0% | ||
| Q2 24 | 63.3% | -172.7% | ||
| Q1 24 | -8.7% | -197.4% |
| Q4 25 | -101.7% | -120.8% | ||
| Q3 25 | 54.4% | -65.7% | ||
| Q2 25 | -98.5% | — | ||
| Q1 25 | -15.5% | -11.2% | ||
| Q4 24 | 57.7% | -783.2% | ||
| Q3 24 | -20.0% | -125.9% | ||
| Q2 24 | 63.9% | -119.2% | ||
| Q1 24 | -7.9% | -244.1% |
| Q4 25 | $-0.49 | $-0.13 | ||
| Q3 25 | $0.12 | $-0.06 | ||
| Q2 25 | $-0.53 | — | ||
| Q1 25 | $-0.15 | $-0.01 | ||
| Q4 24 | $0.22 | $-1.17 | ||
| Q3 24 | $-0.19 | $-0.15 | ||
| Q2 24 | $0.29 | $-0.13 | ||
| Q1 24 | $-0.13 | $-0.21 |
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 | $237.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $274.8M |
| Total Assets | $6.5B | $336.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $237.9M | ||
| Q3 25 | $204.1M | $269.8M | ||
| Q2 25 | $107.7M | — | ||
| Q1 25 | $106.4M | $301.3M | ||
| Q4 24 | $104.9M | $114.0M | ||
| Q3 24 | $108.8M | $132.0M | ||
| Q2 24 | $107.2M | $154.2M | ||
| Q1 24 | $106.5M | $183.8M |
| Q4 25 | $1.2B | $274.8M | ||
| Q3 25 | $1.2B | $302.2M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | $339.6M | ||
| Q4 24 | $1.3B | $-63.1M | ||
| Q3 24 | $1.4B | $166.1M | ||
| Q2 24 | $1.4B | $192.7M | ||
| Q1 24 | $1.4B | $210.7M |
| Q4 25 | $6.5B | $336.8M | ||
| Q3 25 | $6.5B | $367.2M | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $6.6B | $391.1M | ||
| Q4 24 | $6.4B | $195.3M | ||
| Q3 24 | $6.8B | $217.2M | ||
| Q2 24 | $7.1B | $243.2M | ||
| Q1 24 | $7.3B | $263.0M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | — | $-31.7M |
| FCF MarginFCF / Revenue | — | -117.2% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $-29.4M | ||
| Q3 25 | $18.5M | $-10.6M | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $15.9M | $-14.5M | ||
| Q4 24 | $132.6M | $-12.4M | ||
| Q3 24 | $49.1M | $-19.1M | ||
| Q2 24 | $30.6M | $-21.7M | ||
| Q1 24 | $34.5M | $-33.9M |
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M |
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% |
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 2.4% |
| 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.
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
