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Side-by-side financial comparison of Rekor Systems, Inc. (REKR) 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 $12.7M, roughly 1.1× Rekor Systems, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -61.3%, a 44.3% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -4.4%). Rekor Systems, Inc. produced more free cash flow last quarter ($-254.0K vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 14.0%).
Rekor Systems, Inc. is a technology firm specializing in AI-powered intelligent transportation and public safety solutions. Its core offerings include automatic license plate recognition, traffic flow analytics, and road safety monitoring tools, serving municipal governments, transportation agencies and law enforcement entities primarily across North America.
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.
REKR vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.7M | $14.5M |
| Net Profit | $-7.8M | $-2.5M |
| Gross Margin | — | 43.9% |
| Operating Margin | -55.5% | -3.7% |
| Net Margin | -61.3% | -17.0% |
| Revenue YoY | -4.4% | 79.1% |
| Net Profit YoY | 61.8% | -28.5% |
| EPS (diluted) | — | $-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 | $12.7M | $14.5M | ||
| Q3 25 | $14.2M | $12.8M | ||
| Q2 25 | $12.4M | $10.0M | ||
| Q1 25 | $9.2M | $5.1M | ||
| Q4 24 | $13.3M | $8.1M | ||
| Q3 24 | $10.5M | $4.4M | ||
| Q2 24 | $12.4M | $4.5M | ||
| Q1 24 | $9.8M | $3.6M |
| Q4 25 | $-7.8M | $-2.5M | ||
| Q3 25 | $-4.1M | $-3.7M | ||
| Q2 25 | $-8.7M | $-256.7K | ||
| Q1 25 | $-10.9M | $-5.7M | ||
| Q4 24 | $-20.4M | $-1.9M | ||
| Q3 24 | $-12.6M | $-3.2M | ||
| Q2 24 | $-9.8M | $-4.1M | ||
| Q1 24 | $-18.6M | $-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 | -55.5% | -3.7% | ||
| Q3 25 | -28.0% | -14.3% | ||
| Q2 25 | -62.6% | 1.0% | ||
| Q1 25 | -110.2% | -115.6% | ||
| Q4 24 | -139.2% | -22.7% | ||
| Q3 24 | -121.9% | -73.1% | ||
| Q2 24 | -81.1% | -90.9% | ||
| Q1 24 | -132.1% | -270.3% |
| Q4 25 | -61.3% | -17.0% | ||
| Q3 25 | -29.2% | -29.0% | ||
| Q2 25 | -70.1% | -2.6% | ||
| Q1 25 | -118.2% | -111.0% | ||
| Q4 24 | -153.3% | -23.7% | ||
| Q3 24 | -119.9% | -74.0% | ||
| Q2 24 | -78.8% | -91.8% | ||
| Q1 24 | -190.4% | -270.5% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-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 | $16.6M | $3.2M |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $42.9M | $38.2M |
| Total Assets | $85.4M | $74.2M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.6M | $3.2M | ||
| Q3 25 | $3.2M | $5.7M | ||
| Q2 25 | $4.8M | $11.4M | ||
| Q1 25 | $3.9M | $15.9M | ||
| Q4 24 | $5.0M | $466.5K | ||
| Q3 24 | $10.6M | $220.4K | ||
| Q2 24 | $3.1M | $608.2K | ||
| Q1 24 | $11.9M | $948.1K |
| Q4 25 | $15.0M | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | $15.9M | — | ||
| Q3 24 | $15.8M | — | ||
| Q2 24 | $16.8M | — | ||
| Q1 24 | $16.7M | — |
| Q4 25 | $42.9M | $38.2M | ||
| Q3 25 | $36.5M | $39.6M | ||
| Q2 25 | $35.4M | $42.0M | ||
| Q1 25 | $33.4M | $40.6M | ||
| Q4 24 | $34.1M | $13.5M | ||
| Q3 24 | $40.3M | $13.7M | ||
| Q2 24 | $46.2M | $14.8M | ||
| Q1 24 | $52.9M | $16.7M |
| Q4 25 | $85.4M | $74.2M | ||
| Q3 25 | $81.0M | $69.6M | ||
| Q2 25 | $80.1M | $70.0M | ||
| Q1 25 | $79.8M | $63.5M | ||
| Q4 24 | $82.5M | $42.4M | ||
| Q3 24 | $101.2M | $39.0M | ||
| Q2 24 | $97.9M | $35.7M | ||
| Q1 24 | $106.7M | $35.2M |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.32× | — |
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 | $210.0K | $-1.5M |
| Free Cash FlowOCF − Capex | $-254.0K | $-3.2M |
| FCF MarginFCF / Revenue | -2.0% | -22.3% |
| Capex IntensityCapex / Revenue | 3.7% | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.9M | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.0K | $-1.5M | ||
| Q3 25 | $-4.8M | $-7.5M | ||
| Q2 25 | $-7.7M | $-3.5M | ||
| Q1 25 | $-8.1M | $-6.1M | ||
| Q4 24 | $-4.9M | $-3.3M | ||
| Q3 24 | $-9.6M | $-2.5M | ||
| Q2 24 | $-10.0M | $-1.0M | ||
| Q1 24 | $-7.9M | $-2.7M |
| Q4 25 | $-254.0K | $-3.2M | ||
| Q3 25 | $-6.3M | $-8.2M | ||
| Q2 25 | $-8.0M | $-3.8M | ||
| Q1 25 | $-8.4M | $-7.0M | ||
| Q4 24 | $-5.7M | $-3.4M | ||
| Q3 24 | $-10.0M | $-4.2M | ||
| Q2 24 | $-10.4M | $-3.1M | ||
| Q1 24 | $-8.0M | $-2.8M |
| Q4 25 | -2.0% | -22.3% | ||
| Q3 25 | -44.1% | -64.1% | ||
| Q2 25 | -64.4% | -37.7% | ||
| Q1 25 | -91.6% | -136.2% | ||
| Q4 24 | -43.2% | -41.7% | ||
| Q3 24 | -94.6% | -96.9% | ||
| Q2 24 | -83.6% | -69.5% | ||
| Q1 24 | -82.3% | -76.9% |
| Q4 25 | 3.7% | 11.8% | ||
| Q3 25 | 10.0% | 5.9% | ||
| Q2 25 | 2.4% | 3.2% | ||
| Q1 25 | 3.8% | 17.0% | ||
| Q4 24 | 6.2% | 1.5% | ||
| Q3 24 | 3.3% | 38.8% | ||
| Q2 24 | 2.8% | 46.8% | ||
| Q1 24 | 1.6% | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REKR
| Urban Mobility | $8.4M | 66% |
| Public Safety | $3.8M | 30% |
| Other | $529.0K | 4% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
