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

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $14.5M, roughly 1.7× SS Innovations International, Inc.). TRX GOLD Corp runs the higher net margin — -2.0% vs -17.0%, a 15.0% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 79.1%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 64.2%).

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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

SSII vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.7× larger
TRX
$25.1M
$14.5M
SSII
Growing faster (revenue YoY)
TRX
TRX
+21.4% gap
TRX
100.5%
79.1%
SSII
Higher net margin
TRX
TRX
15.0% more per $
TRX
-2.0%
-17.0%
SSII
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
64.2%
TRX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SSII
SSII
TRX
TRX
Revenue
$14.5M
$25.1M
Net Profit
$-2.5M
$-496.0K
Gross Margin
43.9%
56.6%
Operating Margin
-3.7%
Net Margin
-17.0%
-2.0%
Revenue YoY
79.1%
100.5%
Net Profit YoY
-28.5%
-123.2%
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
SSII
SSII
TRX
TRX
Q4 25
$14.5M
$25.1M
Q3 25
$12.8M
Q2 25
$10.0M
$12.5M
Q1 25
$5.1M
$9.1M
Q4 24
$8.1M
$12.5M
Q3 24
$4.4M
Q2 24
$4.5M
$10.1M
Q1 24
$3.6M
$8.0M
Net Profit
SSII
SSII
TRX
TRX
Q4 25
$-2.5M
$-496.0K
Q3 25
$-3.7M
Q2 25
$-256.7K
$1.1M
Q1 25
$-5.7M
$-1.9M
Q4 24
$-1.9M
$2.1M
Q3 24
$-3.2M
Q2 24
$-4.1M
$-1.7M
Q1 24
$-9.8M
$1.9M
Gross Margin
SSII
SSII
TRX
TRX
Q4 25
43.9%
56.6%
Q3 25
48.1%
Q2 25
59.1%
35.1%
Q1 25
21.2%
23.5%
Q4 24
48.9%
38.6%
Q3 24
52.8%
Q2 24
31.9%
42.9%
Q1 24
20.0%
41.0%
Operating Margin
SSII
SSII
TRX
TRX
Q4 25
-3.7%
Q3 25
-14.3%
Q2 25
1.0%
Q1 25
-115.6%
Q4 24
-22.7%
Q3 24
-73.1%
Q2 24
-90.9%
Q1 24
-270.3%
Net Margin
SSII
SSII
TRX
TRX
Q4 25
-17.0%
-2.0%
Q3 25
-29.0%
Q2 25
-2.6%
8.9%
Q1 25
-111.0%
-21.3%
Q4 24
-23.7%
17.1%
Q3 24
-74.0%
Q2 24
-91.8%
-16.3%
Q1 24
-270.5%
24.1%
EPS (diluted)
SSII
SSII
TRX
TRX
Q4 25
$-0.01
$-0.01
Q3 25
$-0.02
Q2 25
$0.00
$0.00
Q1 25
$-0.03
$-0.01
Q4 24
$-0.01
$0.00
Q3 24
$-0.02
Q2 24
$-0.02
$-0.01
Q1 24
$-0.06
$0.00

Balance Sheet & Financial Strength

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

Metric
SSII
SSII
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$3.2M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.2M
$74.5M
Total Assets
$74.2M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSII
SSII
TRX
TRX
Q4 25
$3.2M
$9.2M
Q3 25
$5.7M
Q2 25
$11.4M
$3.6M
Q1 25
$15.9M
$6.0M
Q4 24
$466.5K
$6.8M
Q3 24
$220.4K
Q2 24
$608.2K
$7.7M
Q1 24
$948.1K
$8.0M
Stockholders' Equity
SSII
SSII
TRX
TRX
Q4 25
$38.2M
$74.5M
Q3 25
$39.6M
Q2 25
$42.0M
$69.0M
Q1 25
$40.6M
$67.5M
Q4 24
$13.5M
$68.4M
Q3 24
$13.7M
Q2 24
$14.8M
$62.5M
Q1 24
$16.7M
$63.9M
Total Assets
SSII
SSII
TRX
TRX
Q4 25
$74.2M
$129.6M
Q3 25
$69.6M
Q2 25
$70.0M
$112.3M
Q1 25
$63.5M
$106.7M
Q4 24
$42.4M
$102.6M
Q3 24
$39.0M
Q2 24
$35.7M
$92.6M
Q1 24
$35.2M
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$-1.5M
$4.0M
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.

Operating Cash Flow
SSII
SSII
TRX
TRX
Q4 25
$-1.5M
$4.0M
Q3 25
$-7.5M
Q2 25
$-3.5M
$3.4M
Q1 25
$-6.1M
$2.0M
Q4 24
$-3.3M
$2.4M
Q3 24
$-2.5M
Q2 24
$-1.0M
$3.1M
Q1 24
$-2.7M
$1.0M
Free Cash Flow
SSII
SSII
TRX
TRX
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
FCF Margin
SSII
SSII
TRX
TRX
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%
Capex Intensity
SSII
SSII
TRX
TRX
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%
Cash Conversion
SSII
SSII
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

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%

TRX
TRX

Segment breakdown not available.

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