SSII Nasdaq Surgical & Medical Instruments & Apparatus Financials FY2016βFY2025
SS Innovations International, Inc. had $42.5M of revenue in fiscal 2025, up 105.7% on the year before.
Last close Β· Oct 23, 2026
$2.25
5.1%Hi! I read SS Innovations International, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+105.7%
Yes. Sales grew 105.7% last year.
Does it make a profit?
β28.5%
No. It lost money last year.
Does profit turn into cash?
β52.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· SS Innovations International, Inc. had $42.5M of revenue in fiscal 2025, up 105.7% on the year before. Its operating margin was β19.3%, up 72.6Β pts: of every 100 in sales, about β19 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· SS Innovations International, Inc. lost $12.1M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$22.2M in fiscal 2025, β52.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $5.2M and sold $0.1M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$5.2M
3 insiders
Sold, 12 months
$0.1M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 4, 2026 | Srivastava SudhirChairman and CEO, Director, 10% owner | Sold | 33,333 | $3.00 | $0.1M | Form 4 |
| Mar 6, 2026 | Frederic H MollDirector, 10% owner | Bought | 501,253 | $3.99 | $2.0M | Form 4 |
| Mar 6, 2026 | Srivastava SudhirChairman and CEO, Director, 10% owner | Bought | 498,753 | $4.01 | $2.0M | Form 4 |
| Mar 6, 2026 | Timothy P. AdamsDirector | Bought | 300,000 | $3.99 | $1.2M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably SS Innovations International, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.4M | $0.2M | $2.0M | $0.5M | $3.2M |
| Debt incl. finance leases | β | $0.6M | $0.5M | β | β |
| Debt / equity | β | β | 0.0x | β | β |
| Interest coverage | β | β18.3x | β38.7x | β19.5x | β7.4x |
| Current ratio | 1.4x | 0.5x | 2.5x | 1.3x | 1.9x |
| Quick ratio | 1.4x | 0.4x | 1.7x | 0.8x | 1.2x |
| Total assets | $0.4M | $7.0M | $31.5M | $42.4M | $74.2M |
| Total liabilities | β$0.2M | $9.7M | $11.8M | $28.9M | $36.0M |
| Shareholders' equity | $0.6M | β$2.7M | $19.7M | $13.5M | $38.2M |
| Net debt (β = net cash) | β | $0.4M | β$1.5M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· SS Innovations International, Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | 4 / 9 | 4 / 8 | 4 / 8 |
| Accruals ratio | β93.5% | β147.3% | β157.8% | β2,131.6% | β459.2% | β300.4% | 75.1% | β28.7% | β26.1% | 11.0% |
| Altman Z'' | β | β | β | β | β | β | β8.29 | β2.41 | β4.94 | β0.09 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | β | β | β | β | β | β | $1.4M | $5.9M | $20.6M | $42.5M |
| Net interest income | β | β | β | β | β | β | $0.0M | $0.2M | $0.3M | $0.5M |
| Gross profit | β | β | β | β | β | β | $0.1M | $0.7M | $8.5M | $19.5M |
| Research and development | $0.1M | $0.1M | $0.0M | $0.1M | $0.0M | $0.0M | $1.0M | $1.1M | $2.5M | $3.7M |
| Operating income | β | β | β | β | β | β | β$3.0M | β$20.3M | β$19.0M | β$8.2M |
| Interest expense | $0.0M | $0.0M | β | $0.0M | $0.0M | β | $0.2M | $0.5M | $1.0M | $1.1M |
| Pretax income | β$0.5M | β$1.0M | β$1.0M | β$3.4M | β$1.1M | β$1.5M | β$3.2M | β$20.9M | β$19.2M | β$8.2M |
| Income tax | β | β | β | β | β | β | β | β | β | $4.0M |
| Net income | β$0.5M | β$1.0M | β$1.0M | β$3.4M | β$1.1M | β$1.5M | β$3.2M | β$20.9M | β$19.2M | β$12.1M |
| Net income to common | β | β | β | β | β | β | β$5.6M | β$20.9M | β | β |
| Diluted EPS | β$0.03 | β$0.05 | β$0.05 | β$0.16 | β$0.05 | β$0.05 | β$0.03 | β$0.14 | β$0.11 | β$0.06 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.03B | 0.13B | 0.15B | 0.18B | 0.20B |
| Cash flow | ||||||||||
| Cash from operations | β$0.2M | β$0.4M | β$0.4M | β$0.4M | β$0.1M | β$0.4M | β$6.0M | β$15.4M | β$9.5M | β$18.5M |
| Capital expenditure | β | β | β | β | β | β | $0.2M | $0.5M | $0.7M | $3.7M |
| Free cash flow | β | β | β | β | β | β | β$6.2M | β$15.8M | β$10.2M | β$22.2M |
| Depreciation and amortization | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $0.2M | $0.4M | $1.1M |
| Stock-based compensation | $0.1M | $0.3M | $0.1M | $1.1M | $0.4M | $0.8M | $0.9M | $9.7M | $14.3M | $8.1M |
| Share buybacks | β | β | β | β | β | $0.0M | β | β | β | β |
| Dividends and buybacks | β | β | β | β | β | $0.0M | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.2M | $0.5M | $0.0M | $0.0M | $0.2M | $0.4M | $0.2M | $2.0M | $0.5M | $3.2M |
| Total debt | β | β | β | β | β | β | $0.6M | $0.5M | β | β |
| Deposits | β | β | β | β | β | β | β | $5.0M | β | β |
| Current assets | $0.2M | $0.5M | $0.0M | $0.0M | $0.2M | $0.4M | $4.1M | $21.4M | $27.4M | $48.8M |
| Current liabilities | $0.6M | $0.4M | $0.4M | $1.2M | $1.2M | $0.3M | $7.8M | $8.5M | $21.3M | $26.2M |
| Inventory | β | β | β | β | β | β | $0.9M | $7.0M | $10.2M | $17.1M |
| Property and equipment, net | β | $0.0M | $0.0M | $0.1M | $0.0M | $0.0M | $0.4M | $0.7M | $5.4M | $9.1M |
| Intangible assets | $0.0M | $0.0M | $0.0M | β | β | β | β | β | β | β |
| Total assets | $0.3M | $0.5M | $0.1M | $0.1M | $0.3M | $0.4M | $7.0M | $31.5M | $42.4M | $74.2M |
| Total liabilities | $0.6M | $0.4M | $0.4M | $1.2M | $1.2M | β$0.2M | $9.7M | $11.8M | $28.9M | $36.0M |
| Preferred stock | β | β | β | β | β | β | β | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$0.4M | $0.1M | β$0.2M | β$1.1M | β$0.9M | $0.6M | β$2.7M | $19.7M | $13.5M | $38.2M |
| Margins | ||||||||||
| Gross margin | β | β | β | β | β | β | 4.2% | 12.3% | 40.9% | 46.0% |
| Operating margin | β | β | β | β | β | β | β206.0% | β345.1% | β91.9% | β19.3% |
| EBITDA margin | β | β | β | β | β | β | β199.3% | β342.5% | β89.8% | β16.8% |
| Net margin | β | β | β | β | β | β | β223.8% | β355.4% | β92.7% | β28.5% |
| FCF margin | β | β | β | β | β | β | β432.8% | β269.2% | β49.2% | β52.3% |
| Net interest share of revenue | β | β | β | β | β | β | 0.2% | 2.6% | 1.6% | 1.2% |
| Returns | ||||||||||
| Return on capital | β | β | β | β | β | β | β | β88.0% | β | β |
| Return on capital employed | β | β | β | β | β | β | 376.6% | β88.0% | β90.1% | β17.1% |
| Return on equity | β | β | β | β | β | β | β | β245.1% | β115.5% | β46.9% |
| Return on assets | β166.0% | β258.7% | β293.0% | β2,436.8% | β499.4% | β397.7% | β86.8% | β108.5% | β51.8% | β20.8% |
| Return on tangible equity | β | β1,801.6% | β | β | β | β253.5% | β | β106.2% | β142.3% | β31.7% |
| Growth | ||||||||||
| Revenue growth | β | β | β | β | β | β | β | 309.1% | 251.5% | 105.7% |
| Share count change | β | 5.6% | 6.8% | 3.2% | 8.5% | 21.9% | 350.0% | 18.7% | 19.2% | 9.7% |
| Financial health | ||||||||||
| Debt / equity | β | β | β | β | β | β | β | 0.0x | β | β |
| Interest coverage | β | β | β | β | β | β | β18.3x | β38.7x | β19.5x | β7.4x |
| Current ratio | 0.4x | 1.1x | 0.1x | 0.0x | 0.1x | 1.4x | 0.5x | 2.5x | 1.3x | 1.9x |
| Quick ratio | 0.4x | 1.1x | 0.1x | 0.0x | 0.1x | 1.4x | 0.4x | 1.7x | 0.8x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | β | β | β | β | 15.3% | 7.7% | 3.2% | 8.6% |
| Stock comp / revenue | β | β | β | β | β | β | 60.3% | 165.5% | 69.5% | 19.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | β | β | β | β | β | 4.0 | 4.0 | 4.0 |
| Altman Z'' | β | β | β | β | β | β | β8.3 | β2.4 | β4.9 | β0.1 |
| Accruals ratio | β93.5% | β147.3% | β157.8% | β2,131.6% | β459.2% | β300.4% | 75.1% | β28.7% | β26.1% | 11.0% |
Source: SEC EDGAR XBRL filings (CIK 0001676163). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
