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Side-by-side financial comparison of AVITA Medical, Inc. (RCEL) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.

AVITA Medical, Inc. is the larger business by last-quarter revenue ($17.6M vs $14.5M, roughly 1.2× SS Innovations International, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -66.0%, a 49.0% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -4.3%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-6.1M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 26.0%).

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

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.

RCEL vs SSII — Head-to-Head

Bigger by revenue
RCEL
RCEL
1.2× larger
RCEL
$17.6M
$14.5M
SSII
Growing faster (revenue YoY)
SSII
SSII
+83.4% gap
SSII
79.1%
-4.3%
RCEL
Higher net margin
SSII
SSII
49.0% more per $
SSII
-17.0%
-66.0%
RCEL
More free cash flow
SSII
SSII
$2.9M more FCF
SSII
$-3.2M
$-6.1M
RCEL
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
26.0%
RCEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RCEL
RCEL
SSII
SSII
Revenue
$17.6M
$14.5M
Net Profit
$-11.6M
$-2.5M
Gross Margin
81.2%
43.9%
Operating Margin
-59.1%
-3.7%
Net Margin
-66.0%
-17.0%
Revenue YoY
-4.3%
79.1%
Net Profit YoY
-0.3%
-28.5%
EPS (diluted)
$-0.37
$-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.

Revenue
RCEL
RCEL
SSII
SSII
Q4 25
$17.6M
$14.5M
Q3 25
$17.1M
$12.8M
Q2 25
$18.4M
$10.0M
Q1 25
$18.5M
$5.1M
Q4 24
$18.4M
$8.1M
Q3 24
$19.5M
$4.4M
Q2 24
$15.2M
$4.5M
Q1 24
$11.1M
$3.6M
Net Profit
RCEL
RCEL
SSII
SSII
Q4 25
$-11.6M
$-2.5M
Q3 25
$-13.2M
$-3.7M
Q2 25
$-9.9M
$-256.7K
Q1 25
$-13.9M
$-5.7M
Q4 24
$-11.6M
$-1.9M
Q3 24
$-16.2M
$-3.2M
Q2 24
$-15.4M
$-4.1M
Q1 24
$-18.7M
$-9.8M
Gross Margin
RCEL
RCEL
SSII
SSII
Q4 25
81.2%
43.9%
Q3 25
81.3%
48.1%
Q2 25
81.2%
59.1%
Q1 25
84.7%
21.2%
Q4 24
87.6%
48.9%
Q3 24
83.7%
52.8%
Q2 24
86.1%
31.9%
Q1 24
86.4%
20.0%
Operating Margin
RCEL
RCEL
SSII
SSII
Q4 25
-59.1%
-3.7%
Q3 25
-53.6%
-14.3%
Q2 25
-60.5%
1.0%
Q1 25
-63.9%
-115.6%
Q4 24
-54.1%
-22.7%
Q3 24
-70.6%
-73.1%
Q2 24
-102.8%
-90.9%
Q1 24
-155.0%
-270.3%
Net Margin
RCEL
RCEL
SSII
SSII
Q4 25
-66.0%
-17.0%
Q3 25
-77.3%
-29.0%
Q2 25
-53.9%
-2.6%
Q1 25
-74.9%
-111.0%
Q4 24
-63.0%
-23.7%
Q3 24
-82.9%
-74.0%
Q2 24
-101.3%
-91.8%
Q1 24
-168.0%
-270.5%
EPS (diluted)
RCEL
RCEL
SSII
SSII
Q4 25
$-0.37
$-0.01
Q3 25
$-0.46
$-0.02
Q2 25
$-0.38
$0.00
Q1 25
$-0.53
$-0.03
Q4 24
$-0.44
$-0.01
Q3 24
$-0.62
$-0.02
Q2 24
$-0.60
$-0.02
Q1 24
$-0.73
$-0.06

Balance Sheet & Financial Strength

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

Metric
RCEL
RCEL
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$18.2M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-16.6M
$38.2M
Total Assets
$56.4M
$74.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RCEL
RCEL
SSII
SSII
Q4 25
$18.2M
$3.2M
Q3 25
$23.3M
$5.7M
Q2 25
$15.7M
$11.4M
Q1 25
$25.8M
$15.9M
Q4 24
$35.9M
$466.5K
Q3 24
$44.4M
$220.4K
Q2 24
$54.1M
$608.2K
Q1 24
$68.2M
$948.1K
Stockholders' Equity
RCEL
RCEL
SSII
SSII
Q4 25
$-16.6M
$38.2M
Q3 25
$-6.7M
$39.6M
Q2 25
$-12.9M
$42.0M
Q1 25
$-4.6M
$40.6M
Q4 24
$4.5M
$13.5M
Q3 24
$12.2M
$13.7M
Q2 24
$23.9M
$14.8M
Q1 24
$32.6M
$16.7M
Total Assets
RCEL
RCEL
SSII
SSII
Q4 25
$56.4M
$74.2M
Q3 25
$63.7M
$69.6M
Q2 25
$58.1M
$70.0M
Q1 25
$69.6M
$63.5M
Q4 24
$79.7M
$42.4M
Q3 24
$81.1M
$39.0M
Q2 24
$87.8M
$35.7M
Q1 24
$97.4M
$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
RCEL
RCEL
SSII
SSII
Operating Cash FlowLast quarter
$-5.4M
$-1.5M
Free Cash FlowOCF − Capex
$-6.1M
$-3.2M
FCF MarginFCF / Revenue
-34.7%
-22.3%
Capex IntensityCapex / Revenue
3.8%
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-33.5M
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RCEL
RCEL
SSII
SSII
Q4 25
$-5.4M
$-1.5M
Q3 25
$-5.2M
$-7.5M
Q2 25
$-10.2M
$-3.5M
Q1 25
$-10.3M
$-6.1M
Q4 24
$-8.1M
$-3.3M
Q3 24
$-7.2M
$-2.5M
Q2 24
$-12.8M
$-1.0M
Q1 24
$-20.9M
$-2.7M
Free Cash Flow
RCEL
RCEL
SSII
SSII
Q4 25
$-6.1M
$-3.2M
Q3 25
$-6.2M
$-8.2M
Q2 25
$-10.8M
$-3.8M
Q1 25
$-10.5M
$-7.0M
Q4 24
$-9.7M
$-3.4M
Q3 24
$-11.0M
$-4.2M
Q2 24
$-15.4M
$-3.1M
Q1 24
$-22.0M
$-2.8M
FCF Margin
RCEL
RCEL
SSII
SSII
Q4 25
-34.7%
-22.3%
Q3 25
-36.1%
-64.1%
Q2 25
-58.4%
-37.7%
Q1 25
-56.9%
-136.2%
Q4 24
-52.7%
-41.7%
Q3 24
-56.1%
-96.9%
Q2 24
-101.6%
-69.5%
Q1 24
-198.2%
-76.9%
Capex Intensity
RCEL
RCEL
SSII
SSII
Q4 25
3.8%
11.8%
Q3 25
5.5%
5.9%
Q2 25
2.8%
3.2%
Q1 25
1.2%
17.0%
Q4 24
8.8%
1.5%
Q3 24
19.2%
38.8%
Q2 24
17.5%
46.8%
Q1 24
10.3%
3.5%

Financial Flow Comparison

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

Revenue Breakdown by Segment

RCEL
RCEL

Segment breakdown not available.

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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