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Side-by-side financial comparison of Canaan Inc. (CAN) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $14.2M, roughly 1.5× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs -18.4%, a 55.9% gap on every dollar of revenue.

Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

CAN vs SPCB — Head-to-Head

Bigger by revenue
CAN
CAN
1.5× larger
CAN
$20.8M
$14.2M
SPCB
Higher net margin
SPCB
SPCB
55.9% more per $
SPCB
37.5%
-18.4%
CAN

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
CAN
CAN
SPCB
SPCB
Revenue
$20.8M
$14.2M
Net Profit
$-3.8M
$5.3M
Gross Margin
99.9%
61.2%
Operating Margin
-15.9%
16.3%
Net Margin
-18.4%
37.5%
Revenue YoY
-1.5%
Net Profit YoY
79.5%
EPS (diluted)
$-0.05
$1.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAN
CAN
SPCB
SPCB
Q4 25
$20.8M
Q3 25
$13.8M
Q2 25
$11.4M
$14.2M
Q3 24
$10.2M
Q2 24
$4.8M
$14.4M
Q2 23
$14.1M
Q2 22
$6.3M
Net Profit
CAN
CAN
SPCB
SPCB
Q4 25
$-3.8M
Q3 25
$-1.5M
Q2 25
$-11.9M
$5.3M
Q3 24
$-10.4M
Q2 24
$-5.4M
$3.0M
Q2 23
$-2.6M
Q2 22
$-5.2M
Gross Margin
CAN
CAN
SPCB
SPCB
Q4 25
99.9%
Q3 25
99.9%
Q2 25
99.9%
61.2%
Q3 24
99.9%
Q2 24
99.8%
52.3%
Q2 23
27.2%
Q2 22
41.8%
Operating Margin
CAN
CAN
SPCB
SPCB
Q4 25
-15.9%
Q3 25
-27.0%
Q2 25
-45.5%
16.3%
Q3 24
-77.2%
Q2 24
-193.9%
7.7%
Q2 23
-12.2%
Q2 22
-49.9%
Net Margin
CAN
CAN
SPCB
SPCB
Q4 25
-18.4%
Q3 25
-11.0%
Q2 25
-104.4%
37.5%
Q3 24
-102.7%
Q2 24
-112.3%
20.6%
Q2 23
-18.3%
Q2 22
-82.4%
EPS (diluted)
CAN
CAN
SPCB
SPCB
Q4 25
$-0.05
Q3 25
$-0.02
Q2 25
$-0.25
$1.32
Q3 24
Q2 24
$1.19
Q2 23
$-10.66
Q2 22
$-1.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAN
CAN
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$15.0M
Total DebtLower is stronger
$6.2M
$23.6M
Stockholders' EquityBook value
$52.4M
$37.3M
Total Assets
$92.5M
$65.5M
Debt / EquityLower = less leverage
0.12×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAN
CAN
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$15.0M
Q3 24
Q2 24
$5.7M
Q2 23
$1.1M
Q2 22
$2.9M
Total Debt
CAN
CAN
SPCB
SPCB
Q4 25
$6.2M
Q3 25
$6.2M
Q2 25
$6.2M
$23.6M
Q3 24
Q2 24
$29.2M
Q2 23
$32.9M
Q2 22
$32.3M
Stockholders' Equity
CAN
CAN
SPCB
SPCB
Q4 25
$52.4M
Q3 25
$44.7M
Q2 25
$33.8M
$37.3M
Q3 24
$43.6M
Q2 24
$56.8M
$13.8M
Q2 23
$3.5M
Q2 22
$3.7M
Total Assets
CAN
CAN
SPCB
SPCB
Q4 25
$92.5M
Q3 25
$81.7M
Q2 25
$78.0M
$65.5M
Q3 24
$69.3M
Q2 24
$73.7M
$49.6M
Q2 23
$40.8M
Q2 22
$42.7M
Debt / Equity
CAN
CAN
SPCB
SPCB
Q4 25
0.12×
Q3 25
0.14×
Q2 25
0.18×
0.63×
Q3 24
Q2 24
2.11×
Q2 23
9.49×
Q2 22
8.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAN
CAN
SPCB
SPCB
Operating Cash FlowLast quarter
$-2.2M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-25.3%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAN
CAN
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$-2.2M
Q3 24
Q2 24
$-950.0K
Q2 23
$-3.4M
Q2 22
$-4.1M
Free Cash Flow
CAN
CAN
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$-3.6M
Q3 24
Q2 24
$-1.6M
Q2 23
$-4.5M
Q2 22
$-4.4M
FCF Margin
CAN
CAN
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-25.3%
Q3 24
Q2 24
-10.8%
Q2 23
-31.5%
Q2 22
-70.4%
Capex Intensity
CAN
CAN
SPCB
SPCB
Q4 25
Q3 25
Q2 25
10.0%
Q3 24
Q2 24
4.2%
Q2 23
7.4%
Q2 22
4.4%
Cash Conversion
CAN
CAN
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-0.41×
Q3 24
Q2 24
-0.32×
Q2 23
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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