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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and SS Innovations International, Inc. (SSII). 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 $14.5M, roughly 1.8× SS Innovations International, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -101.7%, a 84.7% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -26.6%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
KREF vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $14.5M |
| Net Profit | $-26.2M | $-2.5M |
| Gross Margin | — | 43.9% |
| Operating Margin | -105.1% | -3.7% |
| Net Margin | -101.7% | -17.0% |
| Revenue YoY | -26.6% | 79.1% |
| Net Profit YoY | -229.6% | -28.5% |
| EPS (diluted) | $-0.49 | $-0.01 |
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 | $14.5M | ||
| Q3 25 | $25.3M | $12.8M | ||
| Q2 25 | $30.2M | $10.0M | ||
| Q1 25 | $31.3M | $5.1M | ||
| Q4 24 | $35.1M | $8.1M | ||
| Q3 24 | $37.0M | $4.4M | ||
| Q2 24 | $40.4M | $4.5M | ||
| Q1 24 | $39.1M | $3.6M |
| Q4 25 | $-26.2M | $-2.5M | ||
| Q3 25 | $13.8M | $-3.7M | ||
| Q2 25 | $-29.7M | $-256.7K | ||
| Q1 25 | $-4.9M | $-5.7M | ||
| Q4 24 | $20.3M | $-1.9M | ||
| Q3 24 | $-7.4M | $-3.2M | ||
| Q2 24 | $25.8M | $-4.1M | ||
| Q1 24 | $-3.1M | $-9.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 52.8% | ||
| Q2 24 | — | 31.9% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | -105.1% | -3.7% | ||
| Q3 25 | 50.4% | -14.3% | ||
| Q2 25 | -101.3% | 1.0% | ||
| Q1 25 | -18.3% | -115.6% | ||
| Q4 24 | 55.8% | -22.7% | ||
| Q3 24 | -19.6% | -73.1% | ||
| Q2 24 | 63.3% | -90.9% | ||
| Q1 24 | -8.7% | -270.3% |
| Q4 25 | -101.7% | -17.0% | ||
| Q3 25 | 54.4% | -29.0% | ||
| Q2 25 | -98.5% | -2.6% | ||
| Q1 25 | -15.5% | -111.0% | ||
| Q4 24 | 57.7% | -23.7% | ||
| Q3 24 | -20.0% | -74.0% | ||
| Q2 24 | 63.9% | -91.8% | ||
| Q1 24 | -7.9% | -270.5% |
| Q4 25 | $-0.49 | $-0.01 | ||
| Q3 25 | $0.12 | $-0.02 | ||
| Q2 25 | $-0.53 | $0.00 | ||
| Q1 25 | $-0.15 | $-0.03 | ||
| Q4 24 | $0.22 | $-0.01 | ||
| Q3 24 | $-0.19 | $-0.02 | ||
| Q2 24 | $0.29 | $-0.02 | ||
| Q1 24 | $-0.13 | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $38.2M |
| Total Assets | $6.5B | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $3.2M | ||
| Q3 25 | $204.1M | $5.7M | ||
| Q2 25 | $107.7M | $11.4M | ||
| Q1 25 | $106.4M | $15.9M | ||
| Q4 24 | $104.9M | $466.5K | ||
| Q3 24 | $108.8M | $220.4K | ||
| Q2 24 | $107.2M | $608.2K | ||
| Q1 24 | $106.5M | $948.1K |
| Q4 25 | $1.2B | $38.2M | ||
| Q3 25 | $1.2B | $39.6M | ||
| Q2 25 | $1.2B | $42.0M | ||
| Q1 25 | $1.3B | $40.6M | ||
| Q4 24 | $1.3B | $13.5M | ||
| Q3 24 | $1.4B | $13.7M | ||
| Q2 24 | $1.4B | $14.8M | ||
| Q1 24 | $1.4B | $16.7M |
| Q4 25 | $6.5B | $74.2M | ||
| Q3 25 | $6.5B | $69.6M | ||
| Q2 25 | $6.8B | $70.0M | ||
| Q1 25 | $6.6B | $63.5M | ||
| Q4 24 | $6.4B | $42.4M | ||
| Q3 24 | $6.8B | $39.0M | ||
| Q2 24 | $7.1B | $35.7M | ||
| Q1 24 | $7.3B | $35.2M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -22.3% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $-1.5M | ||
| Q3 25 | $18.5M | $-7.5M | ||
| Q2 25 | $21.1M | $-3.5M | ||
| Q1 25 | $15.9M | $-6.1M | ||
| Q4 24 | $132.6M | $-3.3M | ||
| Q3 24 | $49.1M | $-2.5M | ||
| Q2 24 | $30.6M | $-1.0M | ||
| Q1 24 | $34.5M | $-2.7M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-2.8M |
| Q4 25 | — | -22.3% | ||
| Q3 25 | — | -64.1% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | — | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | — | -69.5% | ||
| Q1 24 | — | -76.9% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 46.8% | ||
| Q1 24 | — | 3.5% |
| 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.
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
