SPCB Nasdaq Semiconductors & Related Devices Financials FY2016βFY2025
SuperCom Ltd had $27.9M of revenue in fiscal 2025, up 0.9% on the year before. Over five years, revenue changed +18.8% a year on average.
Hi! I read SuperCom Ltdβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+0.9%
Only a little. Sales grew 0.9% last year.
Does it make a profit?
13.4%
Yes. It keeps 13.4% of every sale as profit.
Does profit turn into cash?
β22.8%
No. It spent more cash than it brought in.
Is debt under control?
2.0x
Keep an eye on it. Repaying its debt would take 2.0 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days SuperCom Ltd did it, and the next one. Share prices often move a lot on those days.
Next results
November 12, 2026
Thursday Β· in 17 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Apr 28, 2026 | Period ended Dec 31, 2025 | Before the market opens | 20-F β |
| Apr 28, 2025 | Period ended Dec 31, 2024 | Before the market opens | 20-F β |
| Apr 22, 2024 | Period ended Dec 31, 2023 | After the market closes | 20-F β |
| Apr 20, 2023 | Period ended Dec 31, 2022 | Before the market opens | 20-F β |
| Apr 4, 2022 | Period ended Dec 31, 2021 | After the market closes | 20-F β |
| Apr 30, 2021 | Period ended Dec 31, 2020 | Before the market opens | 20-F β |
| Nov 27, 2020 | Period ended Dec 31, 2019 | During market hours | 20-F β |
| Dec 4, 2019 | Period ended Dec 31, 2018 | Time not announced | 20-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· SuperCom Ltd had $27.9M of revenue in fiscal 2025, up 0.9% on the year before. Over five years, revenue changed +18.8% a year on average. Its operating margin was β1.2%, up 1.7Β pts: of every 100 in sales, about β1 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
Margins, % of revenue
KIRA Β· SuperCom Ltd made $3.7M of net profit 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
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$6.4M in fiscal 2025, β22.8% 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
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· No open-market insider trades in the last 12 months.
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
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· SuperCom Ltd owes $6.9M more than it holds in cash, about 2.0 years of operating profit.
Cash, debt and the ratios that show how comfortably SuperCom Ltd 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 | $3.5M | $4.0M | $5.2M | $3.2M | $12.2M |
| Debt incl. finance leases | $30.7M | $33.5M | $34.7M | $30.2M | $19.1M |
| Net debt / EBITDA | β | β | β | 10.4x | 2.0x |
| Debt / equity | 7.0x | 10.7x | 7.2x | 2.6x | 0.4x |
| Current ratio | 4.7x | 5.0x | 5.3x | 7.0x | 8.0x |
| Quick ratio | 4.0x | 4.4x | 4.8x | 6.3x | 7.5x |
| Total assets | $42.1M | $42.0M | $44.8M | $45.9M | $68.4M |
| Total liabilities | $37.7M | $38.9M | $39.9M | $34.2M | $24.9M |
| Shareholders' equity | $4.4M | $3.1M | $4.8M | $11.7M | $43.5M |
| Net debt (β = net cash) | $27.1M | $29.5M | $29.5M | $27.0M | $6.9M |
KIRA Β· Its return on capital was β0.6%: every 100 invested in the business earned about β1 in a year.
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· SuperCom Ltd passes 5 of 9 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 | 5 / 9 | 2 / 9 | 3 / 9 | 3 / 9 | 4 / 9 | 5 / 9 | 6 / 9 | 6 / 9 | 5 / 9 |
| Accruals ratio | β5.5% | β8.7% | β18.9% | β9.1% | β3.4% | β1.1% | β6.7% | β3.8% | 4.3% | 16.2% |
| Altman Z'' | β0.35 | β1.10 | β3.69 | β5.96 | β6.50 | β5.15 | β5.57 | β4.79 | β4.10 | 0.05 |
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 | $20.0M | $33.3M | $21.9M | $16.5M | $11.8M | $12.3M | $17.6M | $26.6M | $27.6M | $27.9M |
| Gross profit | $2.6M | $12.9M | $8.1M | $6.3M | $5.6M | $6.2M | $6.4M | $10.2M | $13.4M | $15.4M |
| Research and development | $6.7M | $7.2M | $4.8M | $4.0M | $2.4M | $2.8M | $3.4M | $3.1M | $3.4M | $3.9M |
| Operating income | β$11.6M | β$6.5M | β$9.7M | β$8.2M | β$3.7M | β$6.7M | β$6.0M | β$3.4M | β$0.8M | β$0.3M |
| Pretax income | β$11.9M | β$7.1M | β$10.0M | β$11.5M | β$7.9M | β$10.1M | β$7.8M | β$4.0M | $0.2M | $1.7M |
| Income tax | $2.1M | β$0.4M | $5.7M | $0.0M | $0.0M | $0.0M | β$0.3M | $0.0M | β$0.4M | β$2.0M |
| Net income | β$14.0M | β$6.7M | β$15.7M | β$11.5M | β$7.9M | β$10.1M | β$7.5M | β$4.0M | $0.7M | $3.7M |
| Diluted EPS | β$0.93 | β$0.45 | β$1.03 | β$0.71 | β$0.45 | β$3.90 | β$40.00 | β$12.00 | $0.38 | $0.75 |
| Diluted shares | 0.02B | 0.01B | 0.02B | 0.02B | 0.02B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | β$11.0M | β$2.0M | β$6.4M | β$7.7M | β$6.5M | β$9.7M | β$4.7M | β$2.4M | β$1.3M | β$5.5M |
| Capital expenditure | $0.4M | $0.3M | $0.3M | $0.4M | $0.8M | $0.9M | $0.5M | $1.7M | $1.6M | $0.9M |
| Free cash flow | β$11.4M | β$2.3M | β$6.7M | β$8.1M | β$7.3M | β$10.6M | β$5.2M | β$4.1M | β$2.9M | β$6.4M |
| Depreciation and amortization | $3.0M | $3.9M | $3.7M | $3.1M | $2.7M | $2.2M | $2.7M | $3.0M | $3.4M | $3.8M |
| Stock-based compensation | $0.9M | $0.6M | $0.3M | $0.1M | $0.2M | $0.0M | $0.1M | $0.2M | $0.4M | $0.9M |
| Acquisitions | $3.5M | $0.0M | $0.0M | β | β | β | β | β | β | β |
| Share buybacks | $2.7M | $0.0M | $0.0M | β | β | β | β | β | β | β |
| Dividends and buybacks | $2.7M | $0.0M | $0.0M | β | β | β | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.7M | $1.0M | $1.6M | $0.1M | $3.1M | $3.5M | $4.0M | $5.2M | $3.2M | $12.2M |
| Total debt | $0.0M | $0.7M | $9.6M | $14.6M | $22.2M | $30.7M | $33.5M | $34.7M | $30.2M | $19.1M |
| Current assets | $21.1M | $27.4M | $25.7M | $23.1M | $24.9M | $26.1M | $26.3M | $28.5M | $26.2M | $37.4M |
| Current liabilities | $12.8M | $18.0M | $13.5M | $14.3M | $19.6M | $5.6M | $5.2M | $5.4M | $3.7M | $4.7M |
| Inventory | $5.5M | $4.9M | $3.2M | $2.6M | $2.4M | $3.6M | $3.4M | $2.5M | $2.5M | $2.2M |
| Property and equipment, net | $1.6M | $1.2M | $0.8M | $0.9M | $1.4M | $1.8M | $1.6M | $2.7M | $3.3M | $3.0M |
| Goodwill | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M |
| Intangible assets | $13.9M | $11.9M | $10.1M | $8.1M | $6.3M | $5.6M | $5.6M | $5.6M | $5.6M | $5.8M |
| Total assets | $53.5M | $54.2M | $44.3M | $40.0M | $40.3M | $42.1M | $42.0M | $44.8M | $45.9M | $68.4M |
| Total liabilities | $14.7M | $21.5M | $24.8M | $31.7M | $35.4M | $37.7M | $38.9M | $39.9M | $34.2M | $24.9M |
| Shareholders' equity | $38.7M | $32.7M | $19.6M | $8.3M | $4.9M | $4.4M | $3.1M | $4.8M | $11.7M | $43.5M |
| Margins | ||||||||||
| Gross margin | 12.8% | 38.8% | 37.2% | 38.5% | 47.4% | 50.6% | 36.2% | 38.5% | 48.4% | 55.2% |
| Operating margin | β57.9% | β19.6% | β44.2% | β49.6% | β31.9% | β54.9% | β34.0% | β12.6% | β2.8% | β1.2% |
| EBITDA margin | β42.9% | β7.8% | β27.3% | β30.6% | β8.7% | β36.7% | β18.8% | β1.4% | 9.4% | 12.6% |
| Net margin | β69.9% | β20.0% | β71.9% | β69.8% | β66.8% | β82.6% | β42.3% | β15.1% | 2.4% | 13.4% |
| FCF margin | β57.2% | β6.9% | β30.6% | β49.0% | β62.2% | β86.8% | β29.3% | β15.4% | β10.5% | β22.8% |
| Returns | ||||||||||
| Return on capital | β24.8% | β15.9% | β27.8% | β28.3% | β12.4% | β16.9% | β14.6% | β7.7% | β2.0% | β0.6% |
| Return on capital employed | β28.5% | β18.0% | β31.4% | β31.8% | β18.1% | β18.4% | β16.3% | β8.5% | β1.8% | β0.5% |
| Return on equity | β36.1% | β18.7% | β60.2% | β82.5% | β118.7% | β217.8% | β198.2% | β101.2% | 8.0% | 13.6% |
| Return on assets | β26.2% | β12.4% | β31.9% | β27.3% | β19.6% | β24.6% | β17.7% | β9.3% | 1.5% | 6.6% |
| Return on tangible equity | β78.6% | β48.4% | β641.4% | β | β | β | β | β | β | 12.2% |
| Growth | ||||||||||
| Revenue growth | β | 66.1% | β34.2% | β24.7% | β28.6% | 4.2% | 43.9% | 50.5% | 4.0% | 0.9% |
| Net income growth | β | β | β | β | β | β | β | β | β | 467.0% |
| EPS growth | β | β | β | β | β | β | β | β | β | 97.4% |
| Share count change | β | β0.7% | 2.0% | 6.0% | 7.7% | β84.9% | β93.0% | 83.2% | 411.8% | 186.9% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β | β | β | β | β | 10.4x | 2.0x |
| Debt / equity | 0.0x | 0.0x | 0.5x | 1.8x | 4.5x | 7.0x | 10.7x | 7.2x | 2.6x | 0.4x |
| Current ratio | 1.7x | 1.5x | 1.9x | 1.6x | 1.3x | 4.7x | 5.0x | 5.3x | 7.0x | 8.0x |
| Quick ratio | 1.2x | 1.3x | 1.7x | 1.4x | 1.2x | 4.0x | 4.4x | 4.8x | 6.3x | 7.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.0% | 0.9% | 1.3% | 2.5% | 6.9% | 7.7% | 3.0% | 6.5% | 5.8% | 3.2% |
| Stock comp / revenue | 4.6% | 1.9% | 1.2% | 0.9% | 1.8% | 0.3% | 0.8% | 0.9% | 1.5% | 3.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 2.0 | 3.0 | 3.0 | 4.0 | 5.0 | 6.0 | 6.0 | 5.0 |
| Altman Z'' | β0.3 | β1.1 | β3.7 | β6.0 | β6.5 | β5.1 | β5.6 | β4.8 | β4.1 | 0.1 |
| Accruals ratio | β5.5% | β8.7% | β18.9% | β9.1% | β3.4% | β1.1% | β6.7% | β3.8% | 4.3% | 16.2% |
Source: SEC EDGAR XBRL filings (CIK 0001291855). 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.
