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Side-by-side financial comparison of SS Innovations International, Inc. (SSII) and SurgePays, Inc. (SURG). Click either name above to swap in a different company.
SurgePays, Inc. is the larger business by last-quarter revenue ($16.2M vs $14.5M, roughly 1.1× SS Innovations International, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -85.6%, a 68.6% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 68.7%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs -28.2%).
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.
SurgePays, Inc. is a U.S.-headquartered fintech and telecommunications company focused on serving underbanked and low-income communities across the country. It offers prepaid wireless plans, reloadable debit cards, digital banking solutions, and daily consumer products through a nationwide network of independent local retail partners such as convenience stores.
SSII vs SURG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.5M | $16.2M |
| Net Profit | $-2.5M | $-13.9M |
| Gross Margin | 43.9% | -14.8% |
| Operating Margin | -3.7% | -79.1% |
| Net Margin | -17.0% | -85.6% |
| Revenue YoY | 79.1% | 68.7% |
| Net Profit YoY | -28.5% | 30.0% |
| EPS (diluted) | $-0.01 | $-0.68 |
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 | $14.5M | $16.2M | ||
| Q3 25 | $12.8M | $18.7M | ||
| Q2 25 | $10.0M | $11.5M | ||
| Q1 25 | $5.1M | $10.6M | ||
| Q4 24 | $8.1M | $9.6M | ||
| Q3 24 | $4.4M | $4.8M | ||
| Q2 24 | $4.5M | $15.1M | ||
| Q1 24 | $3.6M | $31.4M |
| Q4 25 | $-2.5M | $-13.9M | ||
| Q3 25 | $-3.7M | $-7.5M | ||
| Q2 25 | $-256.7K | $-7.1M | ||
| Q1 25 | $-5.7M | $-7.6M | ||
| Q4 24 | $-1.9M | $-19.8M | ||
| Q3 24 | $-3.2M | $-14.3M | ||
| Q2 24 | $-4.1M | $-12.9M | ||
| Q1 24 | $-9.8M | $1.2M |
| Q4 25 | 43.9% | -14.8% | ||
| Q3 25 | 48.1% | -13.9% | ||
| Q2 25 | 59.1% | -23.0% | ||
| Q1 25 | 21.2% | -27.8% | ||
| Q4 24 | 48.9% | -117.0% | ||
| Q3 24 | 52.8% | -164.2% | ||
| Q2 24 | 31.9% | -22.8% | ||
| Q1 24 | 20.0% | 26.0% |
| Q4 25 | -3.7% | -79.1% | ||
| Q3 25 | -14.3% | -37.2% | ||
| Q2 25 | 1.0% | -59.1% | ||
| Q1 25 | -115.6% | -71.7% | ||
| Q4 24 | -22.7% | -209.0% | ||
| Q3 24 | -73.1% | -299.4% | ||
| Q2 24 | -90.9% | -72.1% | ||
| Q1 24 | -270.3% | 5.6% |
| Q4 25 | -17.0% | -85.6% | ||
| Q3 25 | -29.0% | -40.1% | ||
| Q2 25 | -2.6% | -61.5% | ||
| Q1 25 | -111.0% | -72.2% | ||
| Q4 24 | -23.7% | -206.5% | ||
| Q3 24 | -74.0% | -299.3% | ||
| Q2 24 | -91.8% | -85.3% | ||
| Q1 24 | -270.5% | 3.9% |
| Q4 25 | $-0.01 | $-0.68 | ||
| Q3 25 | $-0.02 | $-0.38 | ||
| Q2 25 | $0.00 | $-0.36 | ||
| Q1 25 | $-0.03 | $-0.38 | ||
| Q4 24 | $-0.01 | $-1.07 | ||
| Q3 24 | $-0.02 | $-0.73 | ||
| Q2 24 | $-0.02 | $-0.66 | ||
| Q1 24 | $-0.06 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.2M | $1.7M |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $38.2M | $-15.3M |
| Total Assets | $74.2M | $8.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $1.7M | ||
| Q3 25 | $5.7M | $2.5M | ||
| Q2 25 | $11.4M | $4.4M | ||
| Q1 25 | $15.9M | $5.4M | ||
| Q4 24 | $466.5K | $11.8M | ||
| Q3 24 | $220.4K | $23.7M | ||
| Q2 24 | $608.2K | — | ||
| Q1 24 | $948.1K | — |
| Q4 25 | — | $13.3M | ||
| Q3 25 | — | $12.0M | ||
| Q2 25 | — | $9.6M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $4.4M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | $38.2M | $-15.3M | ||
| Q3 25 | $39.6M | $-6.4M | ||
| Q2 25 | $42.0M | $116.1K | ||
| Q1 25 | $40.6M | $7.8M | ||
| Q4 24 | $13.5M | $15.3M | ||
| Q3 24 | $13.7M | $33.2M | ||
| Q2 24 | $14.8M | $46.2M | ||
| Q1 24 | $16.7M | $56.0M |
| Q4 25 | $74.2M | $8.5M | ||
| Q3 25 | $69.6M | $14.5M | ||
| Q2 25 | $70.0M | $15.2M | ||
| Q1 25 | $63.5M | $15.7M | ||
| Q4 24 | $42.4M | $24.0M | ||
| Q3 24 | $39.0M | $41.5M | ||
| Q2 24 | $35.7M | $56.4M | ||
| Q1 24 | $35.2M | $69.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 82.67× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.09× |
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 | $-1.5M | $-3.6M |
| Free Cash FlowOCF − Capex | $-3.2M | — |
| FCF MarginFCF / Revenue | -22.3% | — |
| Capex IntensityCapex / Revenue | 11.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.5M | $-3.6M | ||
| Q3 25 | $-7.5M | $-4.6M | ||
| Q2 25 | $-3.5M | $-6.1M | ||
| Q1 25 | $-6.1M | $-7.0M | ||
| Q4 24 | $-3.3M | $-7.9M | ||
| Q3 24 | $-2.5M | $-13.3M | ||
| Q2 24 | $-1.0M | $-4.1M | ||
| Q1 24 | $-2.7M | $4.0M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-8.2M | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-7.0M | — | ||
| Q4 24 | $-3.4M | — | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $-2.8M | — |
| Q4 25 | -22.3% | — | ||
| Q3 25 | -64.1% | — | ||
| Q2 25 | -37.7% | — | ||
| Q1 25 | -136.2% | — | ||
| Q4 24 | -41.7% | — | ||
| Q3 24 | -96.9% | — | ||
| Q2 24 | -69.5% | — | ||
| Q1 24 | -76.9% | — |
| Q4 25 | 11.8% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 38.8% | — | ||
| Q2 24 | 46.8% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
SURG
Segment breakdown not available.
