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Side-by-side financial comparison of LENSAR, Inc. (LNSR) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $14.3M, roughly 1.0× LENSAR, Inc.). LENSAR, Inc. runs the higher net margin — -10.2% vs -17.0%, a 6.8% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -3.3%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 28.8%).
LENSAR, Inc. is a medical technology company specializing in the development and commercialization of advanced ophthalmic surgical systems. Its proprietary augmented reality-enabled devices deliver high precision for cataract surgery and refractive lens exchange procedures, distributed to ophthalmology clinics, surgical centers and hospitals across North America, Europe and key Asia-Pacific markets.
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.
LNSR vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.3M | $14.5M |
| Net Profit | $-1.5M | $-2.5M |
| Gross Margin | 36.6% | 43.9% |
| Operating Margin | -34.3% | -3.7% |
| Net Margin | -10.2% | -17.0% |
| Revenue YoY | -3.3% | 79.1% |
| Net Profit YoY | 92.2% | -28.5% |
| EPS (diluted) | $-0.09 | $-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 | $14.3M | $14.5M | ||
| Q3 25 | $12.8M | $12.8M | ||
| Q2 25 | $12.3M | $10.0M | ||
| Q1 25 | $12.3M | $5.1M | ||
| Q4 24 | $14.8M | $8.1M | ||
| Q3 24 | $11.8M | $4.4M | ||
| Q2 24 | $10.7M | $4.5M | ||
| Q1 24 | $8.6M | $3.6M |
| Q4 25 | $-1.5M | $-2.5M | ||
| Q3 25 | $-3.7M | $-3.7M | ||
| Q2 25 | $-1.8M | $-256.7K | ||
| Q1 25 | $-27.3M | $-5.7M | ||
| Q4 24 | $-18.7M | $-1.9M | ||
| Q3 24 | $-1.5M | $-3.2M | ||
| Q2 24 | $-9.0M | $-4.1M | ||
| Q1 24 | $-2.2M | $-9.8M |
| Q4 25 | 36.6% | 43.9% | ||
| Q3 25 | 35.1% | 48.1% | ||
| Q2 25 | 43.8% | 59.1% | ||
| Q1 25 | 42.7% | 21.2% | ||
| Q4 24 | 35.1% | 48.9% | ||
| Q3 24 | 38.4% | 52.8% | ||
| Q2 24 | 45.5% | 31.9% | ||
| Q1 24 | 43.0% | 20.0% |
| Q4 25 | -34.3% | -3.7% | ||
| Q3 25 | -59.4% | -14.3% | ||
| Q2 25 | -51.2% | 1.0% | ||
| Q1 25 | -47.2% | -115.6% | ||
| Q4 24 | -8.7% | -22.7% | ||
| Q3 24 | -10.5% | -73.1% | ||
| Q2 24 | -49.4% | -90.9% | ||
| Q1 24 | -33.0% | -270.3% |
| Q4 25 | -10.2% | -17.0% | ||
| Q3 25 | -29.1% | -29.0% | ||
| Q2 25 | -14.4% | -2.6% | ||
| Q1 25 | -222.8% | -111.0% | ||
| Q4 24 | -126.2% | -23.7% | ||
| Q3 24 | -12.7% | -74.0% | ||
| Q2 24 | -84.6% | -91.8% | ||
| Q1 24 | -25.0% | -270.5% |
| Q4 25 | $-0.09 | $-0.01 | ||
| Q3 25 | $-0.31 | $-0.02 | ||
| Q2 25 | $-0.15 | $0.00 | ||
| Q1 25 | $-2.32 | $-0.03 | ||
| Q4 24 | $-1.62 | $-0.01 | ||
| Q3 24 | $-0.13 | $-0.02 | ||
| Q2 24 | $-0.79 | $-0.02 | ||
| Q1 24 | $-0.19 | $-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 | $18.0M | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-26.0M | $38.2M |
| Total Assets | $71.4M | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.0M | $3.2M | ||
| Q3 25 | $16.9M | $5.7M | ||
| Q2 25 | $20.3M | $11.4M | ||
| Q1 25 | $25.2M | $15.9M | ||
| Q4 24 | $22.5M | $466.5K | ||
| Q3 24 | $18.1M | $220.4K | ||
| Q2 24 | $14.2M | $608.2K | ||
| Q1 24 | $17.9M | $948.1K |
| Q4 25 | $-26.0M | $38.2M | ||
| Q3 25 | $-25.9M | $39.6M | ||
| Q2 25 | $-23.1M | $42.0M | ||
| Q1 25 | $-22.1M | $40.6M | ||
| Q4 24 | $4.9M | $13.5M | ||
| Q3 24 | $22.7M | $13.7M | ||
| Q2 24 | $23.6M | $14.8M | ||
| Q1 24 | $31.8M | $16.7M |
| Q4 25 | $71.4M | $74.2M | ||
| Q3 25 | $70.2M | $69.6M | ||
| Q2 25 | $70.4M | $70.0M | ||
| Q1 25 | $73.0M | $63.5M | ||
| Q4 24 | $66.3M | $42.4M | ||
| Q3 24 | $62.0M | $39.0M | ||
| Q2 24 | $61.4M | $35.7M | ||
| Q1 24 | $66.1M | $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 | $618.0K | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -22.3% |
| Capex IntensityCapex / Revenue | 0.0% | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.0K | $-1.5M | ||
| Q3 25 | $-3.5M | $-7.5M | ||
| Q2 25 | $-5.0M | $-3.5M | ||
| Q1 25 | $-6.9M | $-6.1M | ||
| Q4 24 | $3.7M | $-3.3M | ||
| Q3 24 | $3.2M | $-2.5M | ||
| Q2 24 | $-3.8M | $-1.0M | ||
| Q1 24 | $-5.3M | $-2.7M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | $-5.1M | $-3.8M | ||
| Q1 25 | $-6.9M | $-7.0M | ||
| Q4 24 | $3.7M | $-3.4M | ||
| Q3 24 | $3.1M | $-4.2M | ||
| Q2 24 | $-3.9M | $-3.1M | ||
| Q1 24 | $-5.3M | $-2.8M |
| Q4 25 | — | -22.3% | ||
| Q3 25 | — | -64.1% | ||
| Q2 25 | -41.3% | -37.7% | ||
| Q1 25 | -56.6% | -136.2% | ||
| Q4 24 | 24.7% | -41.7% | ||
| Q3 24 | 26.5% | -96.9% | ||
| Q2 24 | -36.4% | -69.5% | ||
| Q1 24 | -61.6% | -76.9% |
| Q4 25 | 0.0% | 11.8% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | 0.6% | 3.2% | ||
| Q1 25 | 0.0% | 17.0% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 0.2% | 38.8% | ||
| Q2 24 | 1.1% | 46.8% | ||
| Q1 24 | 0.2% | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LNSR
| Products | $12.7M | 89% |
| Services | $1.6M | 11% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
