SuperCom (SPCB) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of $27.9 million for FY 2025, marking the fifth consecutive year of growth and an 8-year high.

• Delivered record EBITDA of $9.4 million and record net income of $3.75 million, a 467% increase year-over-year.

• Fourth quarter revenue rose 18% year-over-year to $7.5 million, with non-GAAP EPS of $0.36 and EBITDA of $2.2 million.

• Transformation since 2021 led to substantial improvements in financial and operational metrics despite global challenges.

Financial highlights

• FY 2025 revenue grew 1% year-over-year to $27.9 million, with underlying growth of ~40% excluding the largest customer.

• Gross profit increased 15% to $15.4 million; gross margin expanded to 55.2% from 48.4%.

• Non-GAAP net income rose 77% to $11.23 million; non-GAAP EPS reached $2.47.

• Cash and cash equivalents plus bank deposits surged 287% to $12.2 million.

• Shareholders' equity increased 272% to $43.5 million.

Outlook and guidance

• Management expects to scale the business and expand the global footprint in 2026, leveraging a strengthened balance sheet and continued momentum.