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Side-by-side financial comparison of SS Innovations International, Inc. (SSII) and SWK Holdings Corp (SWKH). 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 $8.7M, roughly 1.7× SWK Holdings Corp). On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs -12.5%).

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.

SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.

SSII vs SWKH — Head-to-Head

Bigger by revenue
SSII
SSII
1.7× larger
SSII
$14.5M
$8.7M
SWKH
Growing faster (revenue YoY)
SSII
SSII
+108.8% gap
SSII
79.1%
-29.7%
SWKH
More free cash flow
SWKH
SWKH
$30.0M more FCF
SWKH
$26.8M
$-3.2M
SSII
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
-12.5%
SWKH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SSII
SSII
SWKH
SWKH
Revenue
$14.5M
$8.7M
Net Profit
$-2.5M
$-19.4M
Gross Margin
43.9%
Operating Margin
-3.7%
9.9%
Net Margin
-17.0%
Revenue YoY
79.1%
-29.7%
Net Profit YoY
-28.5%
-430.2%
EPS (diluted)
$-0.01
$-1.59

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
SSII
SSII
SWKH
SWKH
Q4 25
$14.5M
$8.7M
Q3 25
$12.8M
$10.9M
Q2 25
$10.0M
$10.1M
Q1 25
$5.1M
$11.8M
Q4 24
$8.1M
$12.4M
Q3 24
$4.4M
$10.4M
Q2 24
$4.5M
$10.8M
Q1 24
$3.6M
$11.4M
Net Profit
SSII
SSII
SWKH
SWKH
Q4 25
$-2.5M
$-19.4M
Q3 25
$-3.7M
$8.8M
Q2 25
$-256.7K
$3.5M
Q1 25
$-5.7M
$4.5M
Q4 24
$-1.9M
$5.9M
Q3 24
$-3.2M
$3.5M
Q2 24
$-4.1M
$3.7M
Q1 24
$-9.8M
$468.0K
Gross Margin
SSII
SSII
SWKH
SWKH
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
SSII
SSII
SWKH
SWKH
Q4 25
-3.7%
9.9%
Q3 25
-14.3%
61.3%
Q2 25
1.0%
46.1%
Q1 25
-115.6%
68.6%
Q4 24
-22.7%
44.7%
Q3 24
-73.1%
39.2%
Q2 24
-90.9%
8.3%
Q1 24
-270.3%
9.5%
Net Margin
SSII
SSII
SWKH
SWKH
Q4 25
-17.0%
Q3 25
-29.0%
80.7%
Q2 25
-2.6%
35.2%
Q1 25
-111.0%
38.4%
Q4 24
-23.7%
47.5%
Q3 24
-74.0%
33.3%
Q2 24
-91.8%
33.9%
Q1 24
-270.5%
4.1%
EPS (diluted)
SSII
SSII
SWKH
SWKH
Q4 25
$-0.01
$-1.59
Q3 25
$-0.02
$0.72
Q2 25
$0.00
$0.29
Q1 25
$-0.03
$0.37
Q4 24
$-0.01
$0.47
Q3 24
$-0.02
$0.28
Q2 24
$-0.02
$0.30
Q1 24
$-0.06
$0.04

Balance Sheet & Financial Strength

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

Metric
SSII
SSII
SWKH
SWKH
Cash + ST InvestmentsLiquidity on hand
$3.2M
$42.8M
Total DebtLower is stronger
$33.0M
Stockholders' EquityBook value
$38.2M
$235.1M
Total Assets
$74.2M
$272.4M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSII
SSII
SWKH
SWKH
Q4 25
$3.2M
$42.8M
Q3 25
$5.7M
$10.2M
Q2 25
$11.4M
$8.0M
Q1 25
$15.9M
$29.8M
Q4 24
$466.5K
$5.9M
Q3 24
$220.4K
$17.2M
Q2 24
$608.2K
$5.5M
Q1 24
$948.1K
$5.5M
Total Debt
SSII
SSII
SWKH
SWKH
Q4 25
$33.0M
Q3 25
$33.0M
Q2 25
$33.0M
Q1 25
$33.0M
Q4 24
$33.0M
Q3 24
$33.0M
Q2 24
$33.0M
Q1 24
$33.0M
Stockholders' Equity
SSII
SSII
SWKH
SWKH
Q4 25
$38.2M
$235.1M
Q3 25
$39.6M
$254.2M
Q2 25
$42.0M
$246.5M
Q1 25
$40.6M
$292.7M
Q4 24
$13.5M
$288.7M
Q3 24
$13.7M
$283.4M
Q2 24
$14.8M
$282.8M
Q1 24
$16.7M
$279.9M
Total Assets
SSII
SSII
SWKH
SWKH
Q4 25
$74.2M
$272.4M
Q3 25
$69.6M
$289.4M
Q2 25
$70.0M
$285.7M
Q1 25
$63.5M
$331.3M
Q4 24
$42.4M
$332.2M
Q3 24
$39.0M
$321.3M
Q2 24
$35.7M
$321.0M
Q1 24
$35.2M
$322.0M
Debt / Equity
SSII
SSII
SWKH
SWKH
Q4 25
0.14×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
SSII
SSII
SWKH
SWKH
Operating Cash FlowLast quarter
$-1.5M
$27.3M
Free Cash FlowOCF − Capex
$-3.2M
$26.8M
FCF MarginFCF / Revenue
-22.3%
308.1%
Capex IntensityCapex / Revenue
11.8%
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.2M
$43.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SSII
SSII
SWKH
SWKH
Q4 25
$-1.5M
$27.3M
Q3 25
$-7.5M
$906.0K
Q2 25
$-3.5M
$7.8M
Q1 25
$-6.1M
$8.3M
Q4 24
$-3.3M
$23.0M
Q3 24
$-2.5M
$6.3M
Q2 24
$-1.0M
$5.4M
Q1 24
$-2.7M
$4.4M
Free Cash Flow
SSII
SSII
SWKH
SWKH
Q4 25
$-3.2M
$26.8M
Q3 25
$-8.2M
$557.0K
Q2 25
$-3.8M
$7.7M
Q1 25
$-7.0M
$8.2M
Q4 24
$-3.4M
$22.9M
Q3 24
$-4.2M
$6.3M
Q2 24
$-3.1M
$5.4M
Q1 24
$-2.8M
FCF Margin
SSII
SSII
SWKH
SWKH
Q4 25
-22.3%
308.1%
Q3 25
-64.1%
5.1%
Q2 25
-37.7%
77.0%
Q1 25
-136.2%
69.1%
Q4 24
-41.7%
185.3%
Q3 24
-96.9%
60.4%
Q2 24
-69.5%
49.7%
Q1 24
-76.9%
Capex Intensity
SSII
SSII
SWKH
SWKH
Q4 25
11.8%
5.9%
Q3 25
5.9%
3.2%
Q2 25
3.2%
0.6%
Q1 25
17.0%
0.8%
Q4 24
1.5%
1.1%
Q3 24
38.8%
0.3%
Q2 24
46.8%
0.2%
Q1 24
3.5%
0.0%
Cash Conversion
SSII
SSII
SWKH
SWKH
Q4 25
Q3 25
0.10×
Q2 25
2.21×
Q1 25
1.82×
Q4 24
3.93×
Q3 24
1.82×
Q2 24
1.47×
Q1 24
9.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

SWKH
SWKH

Finance Receivables Segment$8.4M96%
Other$329.0K4%

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