SuperCom Reports Record Revenue, Record EBITDA, and Record Net Income for Full Year 2025
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)
Fourth Quarter 2025 Ended December 31, 2025, Financial Highlights (Compared to the Fourth Quarter of 2024)
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:
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:
[email protected]
-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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