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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Veritone, Inc. (VERI). Click either name above to swap in a different company.
Veritone, Inc. is the larger business by last-quarter revenue ($26.6M 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 -109.8%, a 8.0% gap on every dollar of revenue. On growth, Veritone, Inc. posted the faster year-over-year revenue change (21.1% vs -26.6%). Over the past eight quarters, Veritone, Inc.'s revenue compounded faster (39.0% 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.
Veritone, Inc. is an American artificial intelligence technology company based in Irvine, California founded in 2014. It serves a variety of industries including media, professional sports teams, federal government agencies, energy utilities, and state and local police departments.
KREF vs VERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $26.6M |
| Net Profit | $-26.2M | $-29.2M |
| Gross Margin | — | — |
| Operating Margin | -105.1% | -68.2% |
| Net Margin | -101.7% | -109.8% |
| Revenue YoY | -26.6% | 21.1% |
| Net Profit YoY | -229.6% | -34.5% |
| 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 | — | ||
| Q3 25 | $25.3M | $26.6M | ||
| Q2 25 | $30.2M | $23.2M | ||
| Q1 25 | $31.3M | $22.5M | ||
| Q4 24 | $35.1M | $22.4M | ||
| Q3 24 | $37.0M | $22.0M | ||
| Q2 24 | $40.4M | $24.1M | ||
| Q1 24 | $39.1M | $24.2M |
| Q4 25 | $-26.2M | — | ||
| Q3 25 | $13.8M | $-29.2M | ||
| Q2 25 | $-29.7M | $-26.5M | ||
| Q1 25 | $-4.9M | $-19.9M | ||
| Q4 24 | $20.3M | $31.8M | ||
| Q3 24 | $-7.4M | $-21.7M | ||
| Q2 24 | $25.8M | $-22.2M | ||
| Q1 24 | $-3.1M | $-25.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 71.2% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 70.8% |
| Q4 25 | -105.1% | — | ||
| Q3 25 | 50.4% | -68.2% | ||
| Q2 25 | -101.3% | -82.0% | ||
| Q1 25 | -18.3% | -96.3% | ||
| Q4 24 | 55.8% | -93.8% | ||
| Q3 24 | -19.6% | -102.3% | ||
| Q2 24 | 63.3% | -84.4% | ||
| Q1 24 | -8.7% | -100.9% |
| Q4 25 | -101.7% | — | ||
| Q3 25 | 54.4% | -109.8% | ||
| Q2 25 | -98.5% | -114.2% | ||
| Q1 25 | -15.5% | -88.5% | ||
| Q4 24 | 57.7% | 141.7% | ||
| Q3 24 | -20.0% | -98.9% | ||
| Q2 24 | 63.9% | -92.4% | ||
| Q1 24 | -7.9% | -104.3% |
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $-0.53 | $-0.53 | ||
| Q1 25 | $-0.15 | $-0.41 | ||
| Q4 24 | $0.22 | $0.85 | ||
| Q3 24 | $-0.19 | $-0.57 | ||
| Q2 24 | $0.29 | $-0.59 | ||
| Q1 24 | $-0.13 | $-0.67 |
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 | $36.2M |
| Total DebtLower is stronger | — | $35.4M |
| Stockholders' EquityBook value | $1.2B | $15.5M |
| Total Assets | $6.5B | $198.6M |
| Debt / EquityLower = less leverage | — | 2.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | $36.2M | ||
| Q2 25 | $107.7M | $13.6M | ||
| Q1 25 | $106.4M | $16.1M | ||
| Q4 24 | $104.9M | $16.9M | ||
| Q3 24 | $108.8M | $11.4M | ||
| Q2 24 | $107.2M | $46.0M | ||
| Q1 24 | $106.5M | $90.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | $35.4M | ||
| Q2 25 | — | $37.3M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | $41.2M | ||
| Q3 24 | — | $73.6M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $77.5M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $15.5M | ||
| Q2 25 | $1.2B | $3.5M | ||
| Q1 25 | $1.3B | $14.8M | ||
| Q4 24 | $1.3B | $13.5M | ||
| Q3 24 | $1.4B | $-25.2M | ||
| Q2 24 | $1.4B | $-5.7M | ||
| Q1 24 | $1.4B | $14.9M |
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | $198.6M | ||
| Q2 25 | $6.8B | $188.1M | ||
| Q1 25 | $6.6B | $199.6M | ||
| Q4 24 | $6.4B | $198.1M | ||
| Q3 24 | $6.8B | $336.4M | ||
| Q2 24 | $7.1B | $321.8M | ||
| Q1 24 | $7.3B | $359.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | — | 10.71× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.21× |
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 | $-15.9M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -64.2% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-46.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | — | ||
| Q3 25 | $18.5M | $-15.9M | ||
| Q2 25 | $21.1M | $-8.2M | ||
| Q1 25 | $15.9M | $-17.0M | ||
| Q4 24 | $132.6M | $-500.0K | ||
| Q3 24 | $49.1M | $3.6M | ||
| Q2 24 | $30.6M | $-42.7M | ||
| Q1 24 | $34.5M | $14.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.1M | ||
| Q2 25 | — | $-9.2M | ||
| Q1 25 | — | $-18.4M | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | $-44.1M | ||
| Q1 24 | — | $13.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | -64.2% | ||
| Q2 25 | — | -39.6% | ||
| Q1 25 | — | -81.9% | ||
| Q4 24 | — | -7.4% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | -183.4% | ||
| Q1 24 | — | 54.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | -0.02× | ||
| 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.
VERI
| Software Products And Services | $20.9M | 78% |
| Other | $2.3M | 9% |
| Public Sector | $2.0M | 7% |
| Representation Services | $1.5M | 6% |
