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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

Bigger by revenue
SSII
SSII
1.1× larger
SSII
$14.5M
$13.8M
VERO
Growing faster (revenue YoY)
SSII
SSII
+87.3% gap
SSII
79.1%
-8.2%
VERO
Higher net margin
SSII
SSII
146.8% more per $
SSII
-17.0%
-163.8%
VERO
More free cash flow
SSII
SSII
$1.7M more FCF
SSII
$-3.2M
$-4.9M
VERO
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
-12.8%
VERO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SSII
SSII
VERO
VERO
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.

Revenue
SSII
SSII
VERO
VERO
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
Net Profit
SSII
SSII
VERO
VERO
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
Gross Margin
SSII
SSII
VERO
VERO
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%
Operating Margin
SSII
SSII
VERO
VERO
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%
Net Margin
SSII
SSII
VERO
VERO
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%
EPS (diluted)
SSII
SSII
VERO
VERO
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
SSII
SSII
VERO
VERO
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.

Cash + ST Investments
SSII
SSII
VERO
VERO
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
Stockholders' Equity
SSII
SSII
VERO
VERO
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
Total Assets
SSII
SSII
VERO
VERO
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
SSII
SSII
VERO
VERO
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.

Operating Cash Flow
SSII
SSII
VERO
VERO
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
Free Cash Flow
SSII
SSII
VERO
VERO
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
FCF Margin
SSII
SSII
VERO
VERO
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%
Capex Intensity
SSII
SSII
VERO
VERO
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
SSII

System Sales$13.4M92%
Other$1.2M8%

VERO
VERO

Products And Services$10.8M79%
Leases$2.9M21%

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