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Side-by-side financial comparison of SS Innovations International, Inc. (SSII) and VOX ROYALTY CORP. (VOXR). 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 $9.3M, roughly 1.6× VOX ROYALTY CORP.). VOX ROYALTY CORP. runs the higher net margin — -7.4% vs -17.0%, a 9.6% gap on every dollar of revenue. Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 26.4%).

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.

Vox Royalty Corp. is a specialized mining royalty and streaming company that provides upfront capital to mining project owners and operators, in exchange for a share of future commodity production revenue or physical output. Its portfolio includes gold, silver, copper and other critical minerals, with core operating markets spanning North America, Australia and Africa, catering to the global mining exploration and development sector.

SSII vs VOXR — Head-to-Head

Bigger by revenue
SSII
SSII
1.6× larger
SSII
$14.5M
$9.3M
VOXR
Higher net margin
VOXR
VOXR
9.6% more per $
VOXR
-7.4%
-17.0%
SSII
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
26.4%
VOXR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SSII
SSII
VOXR
VOXR
Revenue
$14.5M
$9.3M
Net Profit
$-2.5M
$-682.6K
Gross Margin
43.9%
69.2%
Operating Margin
-3.7%
11.8%
Net Margin
-17.0%
-7.4%
Revenue YoY
79.1%
Net Profit YoY
-28.5%
EPS (diluted)
$-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
VOXR
VOXR
Q4 25
$14.5M
Q3 25
$12.8M
$9.3M
Q2 25
$10.0M
$5.4M
Q1 25
$5.1M
$2.7M
Q4 24
$8.1M
Q3 24
$4.4M
$8.2M
Q2 24
$4.5M
$5.7M
Q1 24
$3.6M
$2.9M
Net Profit
SSII
SSII
VOXR
VOXR
Q4 25
$-2.5M
Q3 25
$-3.7M
$-682.6K
Q2 25
$-256.7K
$-575.0K
Q1 25
$-5.7M
$-241.4K
Q4 24
$-1.9M
Q3 24
$-3.2M
$316.9K
Q2 24
$-4.1M
$-729.7K
Q1 24
$-9.8M
$-681.2K
Gross Margin
SSII
SSII
VOXR
VOXR
Q4 25
43.9%
Q3 25
48.1%
69.2%
Q2 25
59.1%
83.0%
Q1 25
21.2%
90.1%
Q4 24
48.9%
Q3 24
52.8%
97.0%
Q2 24
31.9%
83.8%
Q1 24
20.0%
Operating Margin
SSII
SSII
VOXR
VOXR
Q4 25
-3.7%
Q3 25
-14.3%
11.8%
Q2 25
1.0%
15.0%
Q1 25
-115.6%
22.8%
Q4 24
-22.7%
Q3 24
-73.1%
28.5%
Q2 24
-90.9%
7.4%
Q1 24
-270.3%
32.7%
Net Margin
SSII
SSII
VOXR
VOXR
Q4 25
-17.0%
Q3 25
-29.0%
-7.4%
Q2 25
-2.6%
-10.6%
Q1 25
-111.0%
-9.0%
Q4 24
-23.7%
Q3 24
-74.0%
3.9%
Q2 24
-91.8%
-12.8%
Q1 24
-270.5%
-23.6%
EPS (diluted)
SSII
SSII
VOXR
VOXR
Q4 25
$-0.01
Q3 25
$-0.02
Q2 25
$0.00
Q1 25
$-0.03
Q4 24
$-0.01
Q3 24
$-0.02
Q2 24
$-0.02
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSII
SSII
VOXR
VOXR
Q4 25
$3.2M
Q3 25
$5.7M
Q2 25
$11.4M
Q1 25
$15.9M
Q4 24
$466.5K
Q3 24
$220.4K
Q2 24
$608.2K
Q1 24
$948.1K
Stockholders' Equity
SSII
SSII
VOXR
VOXR
Q4 25
$38.2M
Q3 25
$39.6M
Q2 25
$42.0M
Q1 25
$40.6M
Q4 24
$13.5M
Q3 24
$13.7M
Q2 24
$14.8M
Q1 24
$16.7M
Total Assets
SSII
SSII
VOXR
VOXR
Q4 25
$74.2M
Q3 25
$69.6M
Q2 25
$70.0M
Q1 25
$63.5M
Q4 24
$42.4M
Q3 24
$39.0M
Q2 24
$35.7M
Q1 24
$35.2M

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
VOXR
VOXR
Operating Cash FlowLast quarter
$-1.5M
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
VOXR
VOXR
Q4 25
$-1.5M
Q3 25
$-7.5M
Q2 25
$-3.5M
Q1 25
$-6.1M
Q4 24
$-3.3M
Q3 24
$-2.5M
Q2 24
$-1.0M
Q1 24
$-2.7M
Free Cash Flow
SSII
SSII
VOXR
VOXR
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
VOXR
VOXR
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
VOXR
VOXR
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%

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%

VOXR
VOXR

Total$8.2M88%
Other$1.1M12%

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