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Side-by-side financial comparison of SS Innovations International, Inc. (SSII) and Venus Concept Inc. (VERO). 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 $13.8M, roughly 1.1× Venus Concept Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -163.8%, a 146.8% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -8.2%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-4.9M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs -12.8%).
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.
Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.
SSII vs VERO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | ||
|---|---|---|
| Revenue | $14.5M | $13.8M |
| Net Profit | $-2.5M | $-22.6M |
| Gross Margin | 43.9% | 64.0% |
| Operating Margin | -3.7% | -68.9% |
| Net Margin | -17.0% | -163.8% |
| Revenue YoY | 79.1% | -8.2% |
| Net Profit YoY | -28.5% | -143.0% |
| EPS (diluted) | $-0.01 | $-12.14 |
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 | — | ||
| Q3 25 | $12.8M | $13.8M | ||
| Q2 25 | $10.0M | $15.7M | ||
| Q1 25 | $5.1M | $13.6M | ||
| Q4 24 | $8.1M | $15.8M | ||
| Q3 24 | $4.4M | $15.0M | ||
| Q2 24 | $4.5M | $16.6M | ||
| Q1 24 | $3.6M | $17.5M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-3.7M | $-22.6M | ||
| Q2 25 | $-256.7K | $-11.7M | ||
| Q1 25 | $-5.7M | $-12.4M | ||
| Q4 24 | $-1.9M | $-8.0M | ||
| Q3 24 | $-3.2M | $-9.3M | ||
| Q2 24 | $-4.1M | $-20.0M | ||
| Q1 24 | $-9.8M | $-9.8M |
| Q4 25 | 43.9% | — | ||
| Q3 25 | 48.1% | 64.0% | ||
| Q2 25 | 59.1% | 60.1% | ||
| Q1 25 | 21.2% | 64.2% | ||
| Q4 24 | 48.9% | 69.1% | ||
| Q3 24 | 52.8% | 66.1% | ||
| Q2 24 | 31.9% | 71.5% | ||
| Q1 24 | 20.0% | 66.6% |
| Q4 25 | -3.7% | — | ||
| Q3 25 | -14.3% | -68.9% | ||
| Q2 25 | 1.0% | -57.6% | ||
| Q1 25 | -115.6% | -69.8% | ||
| Q4 24 | -22.7% | -42.3% | ||
| Q3 24 | -73.1% | -47.7% | ||
| Q2 24 | -90.9% | -33.7% | ||
| Q1 24 | -270.3% | -44.4% |
| Q4 25 | -17.0% | — | ||
| Q3 25 | -29.0% | -163.8% | ||
| Q2 25 | -2.6% | -74.7% | ||
| Q1 25 | -111.0% | -90.6% | ||
| Q4 24 | -23.7% | -50.5% | ||
| Q3 24 | -74.0% | -61.9% | ||
| Q2 24 | -91.8% | -120.3% | ||
| Q1 24 | -270.5% | -56.0% |
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $-0.02 | $-12.14 | ||
| Q2 25 | $0.00 | $-8.03 | ||
| Q1 25 | $-0.03 | $-17.44 | ||
| Q4 24 | $-0.01 | $-10.26 | ||
| Q3 24 | $-0.02 | $-13.10 | ||
| Q2 24 | $-0.02 | $-30.93 | ||
| Q1 24 | $-0.06 | $-16.92 |
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 | $4.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $38.2M | $2.7M |
| Total Assets | $74.2M | $61.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | — | ||
| Q3 25 | $5.7M | $4.3M | ||
| Q2 25 | $11.4M | $3.9M | ||
| Q1 25 | $15.9M | $3.2M | ||
| Q4 24 | $466.5K | $4.3M | ||
| Q3 24 | $220.4K | $4.5M | ||
| Q2 24 | $608.2K | $5.7M | ||
| Q1 24 | $948.1K | $5.1M |
| Q4 25 | $38.2M | — | ||
| Q3 25 | $39.6M | $2.7M | ||
| Q2 25 | $42.0M | $2.3M | ||
| Q1 25 | $40.6M | $2.3M | ||
| Q4 24 | $13.5M | $2.4M | ||
| Q3 24 | $13.7M | $10.1M | ||
| Q2 24 | $14.8M | $3.7M | ||
| Q1 24 | $16.7M | $-22.5M |
| Q4 25 | $74.2M | — | ||
| Q3 25 | $69.6M | $61.6M | ||
| Q2 25 | $70.0M | $63.1M | ||
| Q1 25 | $63.5M | $63.5M | ||
| Q4 24 | $42.4M | $68.2M | ||
| Q3 24 | $39.0M | $72.3M | ||
| Q2 24 | $35.7M | $79.8M | ||
| Q1 24 | $35.2M | $85.1M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | $-3.2M | $-4.9M |
| FCF MarginFCF / Revenue | -22.3% | -35.6% |
| Capex IntensityCapex / Revenue | 11.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.2M | $-20.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.5M | — | ||
| Q3 25 | $-7.5M | $-4.9M | ||
| Q2 25 | $-3.5M | $-5.4M | ||
| Q1 25 | $-6.1M | $-6.3M | ||
| Q4 24 | $-3.3M | $-3.8M | ||
| Q3 24 | $-2.5M | $-3.0M | ||
| Q2 24 | $-1.0M | $-1.3M | ||
| Q1 24 | $-2.7M | $-2.9M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-8.2M | $-4.9M | ||
| Q2 25 | $-3.8M | $-5.6M | ||
| Q1 25 | $-7.0M | $-6.3M | ||
| Q4 24 | $-3.4M | $-3.9M | ||
| Q3 24 | $-4.2M | $-3.1M | ||
| Q2 24 | $-3.1M | $-1.4M | ||
| Q1 24 | $-2.8M | $-2.9M |
| Q4 25 | -22.3% | — | ||
| Q3 25 | -64.1% | -35.6% | ||
| Q2 25 | -37.7% | -35.8% | ||
| Q1 25 | -136.2% | -46.5% | ||
| Q4 24 | -41.7% | -24.7% | ||
| Q3 24 | -96.9% | -20.3% | ||
| Q2 24 | -69.5% | -8.2% | ||
| Q1 24 | -76.9% | -16.6% |
| Q4 25 | 11.8% | — | ||
| Q3 25 | 5.9% | 0.1% | ||
| Q2 25 | 3.2% | 1.0% | ||
| Q1 25 | 17.0% | 0.3% | ||
| Q4 24 | 1.5% | 0.5% | ||
| Q3 24 | 38.8% | 0.0% | ||
| Q2 24 | 46.8% | 0.1% | ||
| Q1 24 | 3.5% | 0.1% |
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% |
VERO
| Products And Services | $10.8M | 79% |
| Leases | $2.9M | 21% |