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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and SuperCom Ltd (SPCB). 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 $14.2M, roughly 1.8× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs -101.7%, a 139.2% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% 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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

KREF vs SPCB — Head-to-Head

Bigger by revenue
KREF
KREF
1.8× larger
KREF
$25.8M
$14.2M
SPCB
Growing faster (revenue YoY)
SPCB
SPCB
+25.1% gap
SPCB
-1.5%
-26.6%
KREF
Higher net margin
SPCB
SPCB
139.2% more per $
SPCB
37.5%
-101.7%
KREF

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
KREF
KREF
SPCB
SPCB
Revenue
$25.8M
$14.2M
Net Profit
$-26.2M
$5.3M
Gross Margin
61.2%
Operating Margin
-105.1%
16.3%
Net Margin
-101.7%
37.5%
Revenue YoY
-26.6%
-1.5%
Net Profit YoY
-229.6%
79.5%
EPS (diluted)
$-0.49
$1.32

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
SPCB
SPCB
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.2M
$14.2M
Q1 25
$31.3M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
$14.4M
Q1 24
$39.1M
Net Profit
KREF
KREF
SPCB
SPCB
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-29.7M
$5.3M
Q1 25
$-4.9M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
$3.0M
Q1 24
$-3.1M
Gross Margin
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
61.2%
Q1 25
Q4 24
Q3 24
Q2 24
52.3%
Q1 24
Operating Margin
KREF
KREF
SPCB
SPCB
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
-101.3%
16.3%
Q1 25
-18.3%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
7.7%
Q1 24
-8.7%
Net Margin
KREF
KREF
SPCB
SPCB
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-98.5%
37.5%
Q1 25
-15.5%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
20.6%
Q1 24
-7.9%
EPS (diluted)
KREF
KREF
SPCB
SPCB
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$-0.53
$1.32
Q1 25
$-0.15
Q4 24
$0.22
Q3 24
$-0.19
Q2 24
$0.29
$1.19
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$84.6M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$1.2B
$37.3M
Total Assets
$6.5B
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
SPCB
SPCB
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
$15.0M
Q1 25
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
$5.7M
Q1 24
$106.5M
Total Debt
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
KREF
KREF
SPCB
SPCB
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$37.3M
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
$13.8M
Q1 24
$1.4B
Total Assets
KREF
KREF
SPCB
SPCB
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$6.8B
$65.5M
Q1 25
$6.6B
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
$49.6M
Q1 24
$7.3B
Debt / Equity
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
Q1 24

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
SPCB
SPCB
Operating Cash FlowLast quarter
$72.3M
$-2.2M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-25.3%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KREF
KREF
SPCB
SPCB
Q4 25
$72.3M
Q3 25
$18.5M
Q2 25
$21.1M
$-2.2M
Q1 25
$15.9M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
$-950.0K
Q1 24
$34.5M
Free Cash Flow
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$-3.6M
Q1 25
Q4 24
Q3 24
Q2 24
$-1.6M
Q1 24
FCF Margin
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-25.3%
Q1 25
Q4 24
Q3 24
Q2 24
-10.8%
Q1 24
Capex Intensity
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
Q2 25
10.0%
Q1 25
Q4 24
Q3 24
Q2 24
4.2%
Q1 24
Cash Conversion
KREF
KREF
SPCB
SPCB
Q4 25
Q3 25
1.34×
Q2 25
-0.41×
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
1.19×
-0.32×
Q1 24

Financial Flow Comparison

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

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