SuperCom Reports Record Revenue, Record EBITDA, and Record Net Income for Full Year 2025

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) reported record full-year 2025 results: revenues $27.9M, EBITDA $9.4M, and GAAP net income $3.75M. Gross margin expanded to 55.2% and non-GAAP net income was $11.23M with non-GAAP EPS of $2.47. Cash and equivalents rose to $12.2M, and shareholders' equity reached $43.5M. Q4 revenue grew 18% to $7.48M, though Q4 GAAP loss reflected >$4M of one-time charges. The company cited >35 new U.S. EM contracts and a $17M national EM award in Sweden.

AI-generated analysis. Not financial advice.

Positive

• Revenue $27.9M (record)
• EBITDA $9.4M (record)
• Non-GAAP net income $11.23M
• Gross margin 55.2% (expanded)
• Cash & equivalents $12.2M
• 35+ new U.S. EM contracts

Negative

• Q4 GAAP net loss ($2.263M)
• Over $4M one-time Q4 charges
• Largest customer contribution declined
• Long-term debt reduced via share issuances

News Market Reaction – SPCB

-2.85% 1.6x vol

8 alerts

-2.85% News Effect

+5.2% Peak Tracked

-6.7% Trough Tracked

-$1M Valuation Impact

$43.18M Market Cap

1.6x Rel. Volume

On the day this news was published, SPCB declined 2.85%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.2% during that session. Argus tracked a trough of -6.7% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $43.18M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 Revenue: $7.5 million FY 2025 Revenue: $27.9 million FY 2025 Non-GAAP Net Income: $11.23 million +5 more

8 metrics

Q4 2025 Revenue $7.5 million Q4 2025 revenues grew 18% year-over-year

FY 2025 Revenue $27.9 million Record full-year 2025 revenue; fifth consecutive year of growth

FY 2025 Non-GAAP Net Income $11.23 million Increased 77.3% from $6.33 million; over 10-year record

FY 2025 Non-GAAP EPS $2.47 Full-year 2025 non-GAAP earnings per share

FY 2025 EBITDA $9.4 million Up 49% from $6.3 million; 10-year record

Cash & equivalents $12.2 million Increased 287% from $3.2 million year-over-year

Total equity $43.5 million Up 272% from $11.7 million year-over-year

Sweden EM contract $17 million Value of national electronic monitoring contract awarded March 19, 2026

Market Reality Check

Price: $11.42 Vol: Volume 36,736 is roughly ...

normal vol

$11.42 Last Close

Volume Volume 36,736 is roughly in line with the 20-day average of 38,838. normal

Technical Shares at $8.76 are trading below the 200-day MA of $9.44 and about 35% under the 52-week high.

Peers on Argus

Momentum data flags a stock-specific move: SPCB is flagged as moving up in the s...

2 Down

Momentum data flags a stock-specific move: SPCB is flagged as moving up in the scanner while peers in momentum like BKYI and GFAI are moving down (-13.12% and -4.11% respectively). Broader peer list shows mixed, low-intensity moves.

Common Catalyst Select peers such as BKYI have corporate actions (reverse split) rather than earnings-related news, suggesting no shared sector catalyst.

Historical Context

5 past events · Latest: Apr 23 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 23	Earnings call timing	Neutral	-2.4%	Announcement of date and time for Q4 and full-year 2025 results call.
Mar 19	Major EM contract win	Positive	+5.5%	Award of national Sweden EM contract valued at about $17M over up to nine years.
Mar 10	U.S. EM expansion	Positive	+3.9%	Fourth direct county EM contract in Kentucky, displacing an incumbent provider.
Feb 12	New state entry	Positive	+4.8%	Louisiana EM contract adding the company’s 16th new U.S. state since mid-2024.
Feb 02	Project expansion	Positive	-1.3%	Third Wisconsin EM project and fifth new project of 2026 with DV capabilities.

Pattern Detected

Recent contract wins have mostly seen positive price reactions, with only one notable divergence where a positive operational update coincided with a modest decline.

Recent Company History

Over the past few months, SPCB has reported multiple contract-driven milestones. On Mar 19, 2026, a $17M Sweden EM contract coincided with a +5.52% move. Additional U.S. EM wins in Kentucky, Louisiana, and Wisconsin supported its expansion strategy, generally aligning with positive price reactions. An earnings-date announcement on Apr 23, 2026 saw a mild decline. Today’s record 2025 revenue, EBITDA, and net income update builds on this sequence of operational and geographical expansion.

Market Pulse Summary

This announcement details record 2025 performance, including $27.9M in revenue, $9.4M in EBITDA, and...

Analysis

This announcement details record 2025 performance, including $27.9M in revenue, $9.4M in EBITDA, and materially higher non-GAAP net income, alongside stronger cash and equity positions. It also recaps more than 35 new U.S. EM contracts and major European awards, such as a $17M Sweden deal. In context of prior expansion headlines, investors may monitor execution on these contracts, Q4 one-time charges, and any updates on debt reduction and growth funding.

Key Terms

ebitda, non-gaap, warrant derivatives, electronic monitoring, +3 more

7 terms

ebitda financial

"Q4 2025: Revenues grew 18% to $7.5 Million; Non-GAAP EPS of $0.36; EBITDA of $2.2 Million"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

non-gaap financial

"Q4 2025: Revenues grew 18% to $7.5 Million; Non-GAAP EPS of $0.36"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

warrant derivatives financial

"a $1 million one-time expense related to the change in fair value of warrant derivatives."

Warrant derivatives are financial instruments that give the holder the right, but not the obligation, to buy a company’s stock at a fixed price before a set date; their value is tied to the underlying share price. Think of them as a coupon that can turn into shares if the stock rises, offering leveraged upside for buyers while posing greater risk and potential dilution to existing shareholders, so investors watch them for profit opportunities and impacts on share value.

electronic monitoring technical

"secured more than 35 new electronic monitoring (EM) contracts across the United States"

Electronic monitoring is the use of digital devices and software to collect, transmit and review real‑time data about people, equipment or processes for safety, compliance or performance — in medical and regulatory settings this often means remote patient tracking and electronic capture of trial or safety data. Investors care because it can speed decision‑making, cut costs and reduce regulatory risk by replacing paper records with a live dashboard, while introducing technology, privacy and compliance considerations.

gps tracking technical

"including GPS tracking of offenders, home detention monitoring, and indoor facility monitoring"

GPS tracking uses signals from navigation satellites to determine and record the real-time location and movement of a vehicle, device, person, or asset, creating a digital breadcrumb trail. Investors care because it enables efficiency, cost savings, liability control and new service opportunities—similar to how a delivery app’s map improves route and timing—so adoption or improvements can affect a company’s revenue, margins and competitive position.

domestic violence (dv) technical

"expansion of SuperCom's proprietary domestic violence (DV) solutions to a tenth nation globally."

Violent, abusive, or controlling behavior between intimate partners or family members, including physical harm, threats, sexual abuse, or severe emotional coercion. It matters to investors because such incidents can create legal liability, damage a company’s reputation, disrupt operations, and prompt regulatory or customer backlash—similar to a sudden storm that harms both a building and the people inside, affecting future earnings and shareholder value.

recurring revenue model financial

"The contract uses a recurring revenue model based on daily active units"

A recurring revenue model is a way businesses earn money by providing products or services on a regular, ongoing basis, rather than through one-time sales. It’s similar to a subscription or membership that customers pay for repeatedly, creating a steady stream of income. This model is important to investors because it can indicate stable, predictable earnings and long-term growth potential.

AI-generated analysis. Not financial advice.

Q4 2025: Revenues grew 18% to $7.5 Million; Non-GAAP EPS of $0.36; EBITDA of $2.2 Million

FY 2025: Record Revenues of $27.9 Million; Non-GAAP Net Income of $11.23 Million; Non-GAAP EPS of $2.47

TEL AVIV, Israel, April 28, 2026 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the twelve months and fourth quarter, ended December 31, 2025.

Twelve-Months Ended December 31, 2025, Financial Highlights (Compared to the Prior Year Period)

• Revenue increased to $27.9 million from $27.6 million, marking an 8-year record and the fifth consecutive year of revenue growth. Revenue increased 1% year-over-year. The period reflects a lower contribution from our largest customer; excluding this impact, underlying revenue growth was approximately 40% year-over-year.
• Gross profit increased 15% to $15.4 million from $13.4 million.
• Gross margin expanded to 55.2% from 48.4%.
• Net Income improved 467% to $3.75 million compared to $661 thousand, marking a 10-year record.
• Non-GAAP Net Income increased 77.3% to $11.23 million from $6.33 million, marking an over 10-year record
• EBITDA increased 49% to $9.4 million from $6.3 million, marking a 10-year record.
• Non-GAAP EPS of $2.47 for the full year 2025.
• Cash & cash equivalents and bank deposits grew 287% to $12.2 million from $3.2 million.
• Total shareholders' equity increased 272% to $43.5 million from $11.7 million.

 

Fourth Quarter 2025 Ended December 31, 2025, Financial Highlights (Compared to the Fourth Quarter of 2024)

• Revenue increased 18.3% to $7.48 million from $6.33 million.
• Gross profit increased to $2.9 million from $2.7 million.
• Net Loss of ($2.263 million) compared to ($1.86 million). The result was significantly impacted by over $4 million in one-time expenses including bad debt expenses of approximately $1.9 million related to old e-Gov operations in Africa and a $1 million one-time expense related to the change in fair value of warrant derivatives.  
• Non-GAAP Net Income of $1.9 million compared to $1.39 million.
• EBITDA reached $2.22 million compared to $1.66 million.
• Non-GAAP EPS of $0.36 for the fourth quarter of 2025.

Four-Year Business & Financial Transformation (2021 to 2025)

Following the placement of a new management team and business strategy in 2021, SuperCom executed a transformation that drove substantial improvements across key financial and operational metrics over the four-year period, while navigating global challenges such as the COVID-19 pandemic, geopolitical conflicts, surging interest rates, supply chain disruptions, and volatile capital markets.

Metric	2025	2021
Revenue	$27.9 million	$12.3 million
Gross Profit	$15.4 million	$6.2 million
GAAP Net Income (Loss)	$3.75 million	($6.73 million)
Non-GAAP Net Income (Loss)	$11.24 million	($1.85 million)
EBITDA	$9.4 million	$2.1 million

 

This four-year transformation underscores the success of SuperCom's strategic roadmap, technological innovation, and disciplined operational management, establishing a strong foundation for continued expansion.

Recent Business Highlights:

• Since mid-2024, SuperCom has secured more than 35 new electronic monitoring (EM) contracts across the United States, including entry into 16 new states: Alabama, Arizona, Louisiana, Maryland,Missouri, Nebraska, New York, North Carolina, Ohio, South Dakota, Tennessee, Texas, Utah, Virginia, West Virgina, and Wisconsin. The Company also expanded its footprint in key existing markets such as California, reflecting strong adoption of its advanced technologies and its ability to successfully displace incumbent providers.
• On March 19, 2026 SuperCom was awarded a $17 million national electronic monitoring (EM) contract by Sweden's Prison and Probation Service. Under the agreement, SuperCom will deploy its PureSecurity EM Suite across a range of public safety programs, including GPS tracking of offenders, home detention monitoring, and indoor facility monitoring, and there is potential for significant expansion through additional programs.
• The Company reduced its long-term debt by 45% since start of 2024, mainly through premium-priced share issuances, including a $4.37 million reduction at $43.70 per share, enhancing its ability to capitalize on growth opportunities. Amended debt terms also improved the Company's debt annual interest rates from double digits to a blended rate below 6%.
• On March 10, 2026 SuperCom announced that it secured its fourth direct agency EM contract with a county government agency in Kentucky.
• On February 12, 2026 SuperCom signed a new EM service provider contract in Louisiana, marking the company's 16th new state since its rapid expansion into the U.S. starting mid-2024.
• On February 2, 2026 SuperCom expanded into its third county in Wisconsin following its initial entry into the state in September of 2025 with another EM contract. This underscores the company's ability to rapidly scale in states once its presence is established.
• On January 22, 2026 SuperCom signed its third EM contract in North Carolina. The agreement builds on SuperCom's momentum in the state following its PureOne rollout in December 2025 and the statewide procurement vehicle awarded in 2025 by the North Carolina Sheriff's Association.
• On January 9, 2026 SuperCom signed a new EM contract with another juvenile probation agency in the state of Texas. This represents SuperCom's second contract win in Texas, following its entry into the state in December 2025, underscoring the company's ability to scale quickly within newly entered U.S. markets.
• On January 6, 2026 SuperCom signed a national EM contract in a Western European country, further strengthening its position in Europe. This win marks the expansion of SuperCom's proprietary domestic violence (DV) solutions to a tenth nation globally.
• On November 19, 2025 SuperCom secured its first-ever state-level Department of Corrections (DOC) contract in Arizona. The contract, awarded under AZ statewide Behavioral Health services, includes the deployment of SuperCom's GPS-based electronic monitoring technology as part of a broader suite of rehabilitative and supervision services.
• On November 17, 2025 SuperCom signed a new EM service provider contract in the state of Missouri marking the company's first contract in the state with its field-proven PureSecurity™ platform.
• On November 6, 2025, SuperCom signed two new EM service provider partnerships in Alabama, including one that replaced an incumbent provider. These wins mark the company's third and fourth deployments in the state within a year.
• On October 16, 2025, SuperCom secured a second sheriff agency contract in Utah this year to deploy its PureSecurity™ platform. The agency selected SuperCom to replace an incumbent vendor and modernize its monitoring program signaling SuperCom's momentum in displacing legacy systems.
• On October 8, 2025, SuperCom signed a second reseller partnership in Virginia this year to support community supervision programs. The provider is set to fully transition its GPS operations to SuperCom's platform after SuperCom's first contract in the state replaced the incumbent vendor after rigorous testing.
• On September 22, 2025, SuperCom was awarded a $7 million national EM contract in Europe, displacing an over 20-year incumbent.
• On July 16, 2025, SuperCom secured a new EM contract in Tennessee with a state-based service provider that will transition existing GPS programs to SuperCom's platform and launch DV monitoring.
• On June 11, 2025, SuperCom's wholly owned subsidiary, Leaders in Community Alternatives (LCA), was awarded a reentry-services contract in Northern California valued at up to $2.5 million over five years.
• On June 6, 2025, SuperCom signed a new agreement with a Southeastern service provider to introduce its EM technology in Florida and Mississippi.
• On May 27, 2025, SuperCom secured a new EM contract in Nebraska through an agreement with a regional service provider that will transition its GPS programs to SuperCom's PureSecurity™ platform.
• On May 8, 2025, SuperCom announced a new contract with a seasoned Canadian EM service provider to introduce its PureSecurity™ Suite into the provider's operations.
• On April 10, 2025, SuperCom entered a contract with a regional service provider in the U.S. Midwest to expand operations into Wisconsin, Minnesota, and Michigan. The agreement includes DV monitoring.
• On February 20, 2025, SuperCom announced it was awarded a new national domestic violence monitoring project in the EMEA region, marking the company's seventh national DV contract globally.

Management Commentary:

"2025 was a milestone year for SuperCom and a clear demonstration of the strategic transformation we set in motion in 2021," commented Ordan Trabelsi, President and CEO of SuperCom. "We delivered record annual revenues of $27.9 million, record EBITDA of $9.4 million, and record net income of $3.75 million, while expanding gross margin to 55.2% from 48.4% in 2024. These results reflect disciplined execution across our organization and the growing global demand for our public safety and electronic monitoring solutions."

"Our growth strategy continued to deliver across multiple markets in 2025. In the United States, we secured more than 35 new electronic monitoring contracts since mid-2024 and expanded our U.S. footprint to 16 states, with our PureSecurity platform replacing incumbent providers in numerous jurisdictions. In Europe, we won a new $17 million national contract in Sweden, enhanced existing projects with new innovative technology, and reinforced our leadership in domestic violence monitoring. We also strengthened our balance sheet by reducing outstanding debt by approximately 45% since the beginning of 2024 and raising over $16 million in growth capital, positioning SuperCom to scale from a stronger financial position," continued Ordan.

"As we look ahead to 2026 and beyond, we remain focused on scaling our business, expanding our global footprint, and continuing to deliver public safety solutions that protect communities and support justice systems worldwide. With a strengthened balance sheet, proven cutting-edge technology, and continued expansion momentum globally, we believe SuperCom is entering 2026 from one of the strongest operational and financial positions in the company's modern history," Ordan concluded.

Conference Call

The Company will hold a conference call on April 28, 2026, at 10:00 a.m. Eastern Time (7:00 a.m. Pacific time / 5:00 p.m. Israel time) to discuss the fourth quarter and full year end 2025 results, followed by a question and answer session.

Conference Call Dial-In Information:

Date:                                  Tuesday, April 28, 2026
Time:                                 10:00 a.m. Eastern time (7:00 a.m. Pacific time)
U.S. toll-free:                     888-506-0062
Israel toll-free:                   1-809-423-853
International:                     973-528-0011
Access Code:                     SuperCom
Link:                                   https://www.webcaster5.com/Webcast/Page/2259/53924

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.

About SuperCom 

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, and domestic violence prevention. For more information, visit www.supercom.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the levels of consumer, business and economic confidence generally, the adverse effects of these risks on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward-looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2026, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we do not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

Results presented in this press release are based on management's estimated unaudited analysis of financial results for the presented periods. SuperCom's independent registered accounting firm has not audited the financial data discussed in this press release. During the course of SuperCom's quarter- and fiscal year-end closing procedures and review process, SuperCom may identify items that would require it to make adjustments, which may be material, to the information presented in this press release. As a result, the estimated financial results constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to such results.

Use of Non-GAAP Financial Information

In addition to disclosing financial results calculated in accordance with the generally accepted accounting principles in the United States ("GAAP"), this release also contains non-GAAP financial measures, which SuperCom believes are the principal indicators of the operating and financial performance of its business.

Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of SuperCom's ongoing core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.

Non-GAAP EPS is defined as earnings before amortization and other non-cash or one-time expenses divided by weighted average outstanding shares.

EBITDA is defined as earnings before interest, taxes, depreciation, amortization, and other non-cash or one-time expenses.

SuperCom Investor Relations:
ir@supercom.com

-Tables Follow-

 

SUPERCOM LTD.
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
		As of December 31,
		2025		2024
		Audited		Audited
CURRENT ASSETS
Cash and cash equivalents		9,829		3,150
Bank deposit		2,366		-
Restricted bank deposits		57		388
Trade receivable, net		15,045		12,767
Patents		5,283		5,283
Other accounts receivable and prepaid expenses		2,566		2,153
Inventories, net		2,209		2,521
Total current assets		37,355		26,262
LONG-TERM ASSETS
Deferred tax long term		3,021		919
Property and equipment, net		3,023		3,261
Intangible assets, net		5,791		5,638
Other non-current assets		12,163		2,818
Goodwill		7,026		7,026
Total long-term assets		31,024		19,662
Total Assets		68,379		45,924

 

 

CURRENT LIABILITIES
Short-term credit		359		423
Trade payables		1,151		878
Employees and payroll accruals		1,632		1,165
Accrued expenses and other liabilities		345		470
Short-term operating lease liabilities		425		445
Short-term deferred revenues		778		366
Total current liabilities		4,690		3,747
LONG-TERM LIABILITIES
Long-term loan		18,713		29,748
Deferred revenues		212		444
Deferred tax liability Long-term		170		170
Long-term operating lease liabilities		1,082		118
Total long-term liabilities		20,177		30,480
SHAREHOLDERS' EQUITY:
Ordinary shares		74,823		29,238
Additional paid-in capital		71,228		88,746
Accumulated deficit		(102,539)		(106,287)
Total shareholders' equity		43,512		11,697
Total liabilities and equity		68,379		45,924

 

 

SUPERCOM LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands)
		Year ended December 31,
			2025	2024
		Audited		Audited
REVENUES			27,896	27,635
COST OF REVENUES			(12,503)	(14,251)
GROSS PROFIT			15,393	13,384
OPERATING EXPENSES:
Research and development			3,934	3,417
Selling and marketing			2,618	2,401
General and administrative			6,493	6,344
Other expense (income), net			2,670	1,999
Total operating expenses			15,715	14,161
OPERATING LOSS			(322)	(777)
FINANCIAL INCOME, NET			2,060	1,020
PROFIT BEFORE INCOME TAX			1,738	243
INCOME TAX BENEFIT (EXPENSE)			2,010	418
NET INCOME FOR THE PERIOD			3,748	661
Net income per share			0.82	0.38

 

 

SUPERCOM LTD.
Reconciliation Table of GAAP to Non-GAAP Figures and EBITDA to Net Income
(U.S. dollars in thousands)
		Year ended December 31,
			2025	2024
		Unaudited		Unaudited
GAAP gross profit			15,393	13,384
Amortization of intangible assets			354	354
One-time inventory write-off			334	120
Stock-based compensation expenses			8	4
Non-GAAP gross profit			16,089	13,862
GAAP Operating Loss			(322)	(777)
Amortization of intangible assets			2,287	2,379
Stock-based compensation expenses to employees & others			854	805
One-time inventory write-off			334	120
Foreign currency loss			2,270	720
Other one-time expenses			999	528
Allowance for doubtful debt in legacy business			1,853	1,540
Non-GAAP operating profit			8,275	5,315

 

 

GAAP net Profit			3,748	661
Amortization of intangible assets			2,287	2,379
Stock-based compensation expenses to employees & others			854	805
One-time inventory write-off			334	120
Foreign currency loss			2,270	720
Income tax expense (benefit)			(2,010)	(418)
Other one-time expenses			999	528
Fair value change in derivative liability			901	-
Allowance for doubtful debt in legacy business			1,853	1,540
Non-GAAP net Profit			11,236	6,335
Non-GAAP E.P.S			2.47	3.66
Net Profit for the period			3,748	661
Income tax expense (benefit)			(2,010)	(418)
Financial expenses (income), net			(2,060)	(1,020)
Depreciation and Amortization			3,453	3,386
One-time inventory write-off			334	120
Stock-based compensation expenses to employees & others			854	805
Foreign currency loss			2,270	720
Allowance for doubtful debt in legacy business			1,853	1,540
Other one-time expenses			999	528
EBITDA *			9,441	6,322
* EBITDA is a non-GAAP financial measure generally defined as earnings before interest, taxes, depreciation and amortization and other non-cash or one-time expenses .

 

 

SUPERCOM LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands)
		Three months ended
			December 31, 2025	December 31, 2024
		Unaudited		Unaudited
REVENUES			7,484	6,327
COST OF REVENUES			(4,552)	(3,626)
GROSS PROFIT			2,932	2,701
OPERATING EXPENSES:
Research and development			1,239	584
Selling and marketing			622	566
General and administrative			1,941	2,122
Other expense, net			2,409	1,339
Total operating expenses			6,211	4,611
OPERATING LOSS			(3,279)	(1,910)
FINANCIAL INCOME (EXPENSES), NET			(994)	51
LOSS BEFORE INCOME TAX			(4,273)	(1,859)
INCOME TAX BENEFIT (EXPENSE)			2,010	-
NET LOSS FOR THE PERIOD			(2,263)	(1,859)

 

 

SUPERCOM LTD.
Reconciliation Table of GAAP to Non-GAAP Figures and EBITDA to net Income
(U.S. dollars in thousands)
		Three months ended
			December 31, 2025		December 31, 2024
		Unaudited		Unaudited
GAAP gross profit			2,932		2,701
Amortization of intangible assets			89		89
One-time inventory write-off			334		120
Stock-based compensation expenses			8		4
Non-GAAP gross profit			3,363		2,914
GAAP Operating Loss			(3,279)		(1,910)
Amortization of intangible assets			624		775
Stock-based compensation expenses to employees & others			525		805
One-time inventory write-off			334		120
Foreign Currency Loss			1,383		208
Other one-time expenses			563		(201)
Allowance for doubtful debt in legacy business			1,853		1,540
Non-GAAP operating profit			2,003		1,337

 

 

GAAP net Loss			(2,263)	(1,859)
Amortization of intangible assets			624	775
Stock-based compensation expenses to employees & others			525	805
One-time inventory write-off			334	120
Foreign Currency Loss			1,383	208
Income tax expense (benefit)			(2,010)	-
Other one-time expenses			563	(201)
Fair value change in derivative liability			901	-
Allowance for doubtful debt			1,853	1,540
Non-GAAP net Profit			1,910	1,388
Non-GAAP E.P.S			0.36	0.66
Net loss for the period			(2,263)	(1,859)
Income tax expense (benefit)			(2,010)	-
Financial expenses (income), net			994	(51)
Depreciation and Amortization			842	1,093
One-time inventory write-off			334	120
Stock-based compensation expenses to employees & others			525	805
Foreign Currency Loss			1,383	208
Allowance for doubtful debt in legacy business			1,853	1,540
Other one-time expenses			563	(201)
EBITDA *			2,221	1,655
* EBITDA is a non-GAAP financial measure generally defined as earnings before interest, taxes, depreciation and amortization and other  non-cash or one-time expenses.

 

 

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View original content:https://www.prnewswire.com/news-releases/supercom-reports-record-revenue-record-ebitda-and-record-net-income-for-full-year-2025-302755721.html

SOURCE SuperCom

FAQ

What were SuperCom (SPCB) full-year 2025 revenues and EBITDA?

SuperCom reported $27.9 million in revenue and $9.4 million in EBITDA for 2025. According to the company, both figures represent multi-year records as part of its four-year transformation since 2021.

Why did SuperCom (SPCB) report a Q4 2025 GAAP loss?

Q4 GAAP loss was ($2.263 million), driven by >$4 million of one-time expenses. According to the company, charges included ~$1.9 million bad-debt from legacy e-Gov operations and a ~$1 million warrant derivative adjustment.

How did SuperCom (SPCB) strengthen its balance sheet in 2025?

Cash and bank deposits rose to $12.2 million and shareholders' equity increased to $43.5 million. According to the company, debt was reduced ~45% since 2024, partly via premium share issuances.

What recent contracts did SuperCom (SPCB) win that affect 2026 growth?

SuperCom secured a $17 million national EM contract in Sweden and 35+ U.S. EM contracts across 16 states. According to the company, these awards expand its PureSecurity deployments and market footprint.

What were SuperCom's (SPCB) full-year 2025 per-share results?

Non-GAAP EPS for 2025 was reported at $2.47, with non-GAAP net income of $11.23 million. According to the company, these non-GAAP metrics exclude certain one-time items and reflect operational improvements.