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Side-by-side financial comparison of SIEBERT FINANCIAL CORP (SIEB) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.

SIEBERT FINANCIAL CORP is the larger business by last-quarter revenue ($23.6M vs $14.5M, roughly 1.6× SS Innovations International, Inc.). SIEBERT FINANCIAL CORP runs the higher net margin — -1.9% vs -17.0%, a 15.1% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 17.7%). SIEBERT FINANCIAL CORP produced more free cash flow last quarter ($9.7M vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 7.3%).

Siebert Financial Corp is a U.S.-based financial services provider specializing in discount brokerage, self-directed investment platforms, retirement account solutions, and personalized financial advisory services. It caters to both retail and institutional clients across the country, operating primarily in the retail investment and wealth management segments with a focus on low-cost, accessible investment options for individual investors.

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.

SIEB vs SSII — Head-to-Head

Bigger by revenue
SIEB
SIEB
1.6× larger
SIEB
$23.6M
$14.5M
SSII
Growing faster (revenue YoY)
SSII
SSII
+61.4% gap
SSII
79.1%
17.7%
SIEB
Higher net margin
SIEB
SIEB
15.1% more per $
SIEB
-1.9%
-17.0%
SSII
More free cash flow
SIEB
SIEB
$12.9M more FCF
SIEB
$9.7M
$-3.2M
SSII
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
7.3%
SIEB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SIEB
SIEB
SSII
SSII
Revenue
$23.6M
$14.5M
Net Profit
$-445.0K
$-2.5M
Gross Margin
43.9%
Operating Margin
-5.5%
-3.7%
Net Margin
-1.9%
-17.0%
Revenue YoY
17.7%
79.1%
Net Profit YoY
-125.6%
-28.5%
EPS (diluted)
$-0.01
$-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
SIEB
SIEB
SSII
SSII
Q4 25
$23.6M
$14.5M
Q3 25
$26.8M
$12.8M
Q2 25
$14.9M
$10.0M
Q1 25
$28.9M
$5.1M
Q4 24
$20.0M
$8.1M
Q3 24
$22.6M
$4.4M
Q2 24
$20.9M
$4.5M
Q1 24
$20.5M
$3.6M
Net Profit
SIEB
SIEB
SSII
SSII
Q4 25
$-445.0K
$-2.5M
Q3 25
$1.6M
$-3.7M
Q2 25
$-4.7M
$-256.7K
Q1 25
$8.7M
$-5.7M
Q4 24
$1.7M
$-1.9M
Q3 24
$3.8M
$-3.2M
Q2 24
$4.0M
$-4.1M
Q1 24
$3.7M
$-9.8M
Gross Margin
SIEB
SIEB
SSII
SSII
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%
Operating Margin
SIEB
SIEB
SSII
SSII
Q4 25
-5.5%
-3.7%
Q3 25
8.1%
-14.3%
Q2 25
-39.2%
1.0%
Q1 25
36.3%
-115.6%
Q4 24
9.7%
-22.7%
Q3 24
21.4%
-73.1%
Q2 24
26.7%
-90.9%
Q1 24
24.9%
-270.3%
Net Margin
SIEB
SIEB
SSII
SSII
Q4 25
-1.9%
-17.0%
Q3 25
6.0%
-29.0%
Q2 25
-31.7%
-2.6%
Q1 25
29.9%
-111.0%
Q4 24
8.7%
-23.7%
Q3 24
17.0%
-74.0%
Q2 24
19.4%
-91.8%
Q1 24
18.0%
-270.5%
EPS (diluted)
SIEB
SIEB
SSII
SSII
Q4 25
$-0.01
$-0.01
Q3 25
$0.04
$-0.02
Q2 25
$-0.12
$0.00
Q1 25
$0.22
$-0.03
Q4 24
$0.04
$-0.01
Q3 24
$0.10
$-0.02
Q2 24
$0.10
$-0.02
Q1 24
$0.09
$-0.06

Balance Sheet & Financial Strength

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

Metric
SIEB
SIEB
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$22.4M
$3.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$89.2M
$38.2M
Total Assets
$759.0M
$74.2M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SIEB
SIEB
SSII
SSII
Q4 25
$22.4M
$3.2M
Q3 25
$19.6M
$5.7M
Q2 25
$28.9M
$11.4M
Q1 25
$25.7M
$15.9M
Q4 24
$32.6M
$466.5K
Q3 24
$4.4M
$220.4K
Q2 24
$5.2M
$608.2K
Q1 24
$2.9M
$948.1K
Total Debt
SIEB
SIEB
SSII
SSII
Q4 25
$4.1M
Q3 25
$4.2M
Q2 25
$4.2M
Q1 25
$4.2M
Q4 24
$4.2M
Q3 24
$4.2M
Q2 24
$4.3M
Q1 24
$4.3M
Stockholders' Equity
SIEB
SIEB
SSII
SSII
Q4 25
$89.2M
$38.2M
Q3 25
$90.9M
$39.6M
Q2 25
$89.0M
$42.0M
Q1 25
$93.3M
$40.6M
Q4 24
$84.1M
$13.5M
Q3 24
$82.3M
$13.7M
Q2 24
$78.2M
$14.8M
Q1 24
$73.8M
$16.7M
Total Assets
SIEB
SIEB
SSII
SSII
Q4 25
$759.0M
$74.2M
Q3 25
$607.5M
$69.6M
Q2 25
$560.5M
$70.0M
Q1 25
$534.2M
$63.5M
Q4 24
$519.7M
$42.4M
Q3 24
$579.2M
$39.0M
Q2 24
$609.1M
$35.7M
Q1 24
$742.3M
$35.2M
Debt / Equity
SIEB
SIEB
SSII
SSII
Q4 25
0.05×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SIEB
SIEB
SSII
SSII
Operating Cash FlowLast quarter
$10.2M
$-1.5M
Free Cash FlowOCF − Capex
$9.7M
$-3.2M
FCF MarginFCF / Revenue
41.1%
-22.3%
Capex IntensityCapex / Revenue
2.3%
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$19.1M
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SIEB
SIEB
SSII
SSII
Q4 25
$10.2M
$-1.5M
Q3 25
$43.7M
$-7.5M
Q2 25
$631.0K
$-3.5M
Q1 25
$-34.5M
$-6.1M
Q4 24
$10.1M
$-3.3M
Q3 24
$3.0M
$-2.5M
Q2 24
$18.6M
$-1.0M
Q1 24
$-47.0M
$-2.7M
Free Cash Flow
SIEB
SIEB
SSII
SSII
Q4 25
$9.7M
$-3.2M
Q3 25
$43.3M
$-8.2M
Q2 25
$570.0K
$-3.8M
Q1 25
$-34.5M
$-7.0M
Q4 24
$9.8M
$-3.4M
Q3 24
$-4.2M
Q2 24
$18.6M
$-3.1M
Q1 24
$-47.0M
$-2.8M
FCF Margin
SIEB
SIEB
SSII
SSII
Q4 25
41.1%
-22.3%
Q3 25
161.5%
-64.1%
Q2 25
3.8%
-37.7%
Q1 25
-119.4%
-136.2%
Q4 24
49.1%
-41.7%
Q3 24
-96.9%
Q2 24
89.0%
-69.5%
Q1 24
-229.7%
-76.9%
Capex Intensity
SIEB
SIEB
SSII
SSII
Q4 25
2.3%
11.8%
Q3 25
1.2%
5.9%
Q2 25
0.4%
3.2%
Q1 25
0.2%
17.0%
Q4 24
1.1%
1.5%
Q3 24
0.0%
38.8%
Q2 24
0.2%
46.8%
Q1 24
0.1%
3.5%
Cash Conversion
SIEB
SIEB
SSII
SSII
Q4 25
Q3 25
26.89×
Q2 25
Q1 25
-3.98×
Q4 24
5.79×
Q3 24
0.77×
Q2 24
4.60×
Q1 24
-12.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SIEB
SIEB

Margin Interest$14.0M59%
Other Incomes$3.6M15%
Proprietary Trading$2.6M11%
Market Making$2.2M9%
Media Sports And Entertainment$1.2M5%

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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