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Side-by-side financial comparison of CARLSMED, INC. (CARL) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

CARLSMED, INC. is the larger business by last-quarter revenue ($16.1M vs $14.2M, roughly 1.1× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs 0.3%, a 37.2% gap on every dollar of revenue. On growth, CARLSMED, INC. posted the faster year-over-year revenue change (58.2% vs -1.5%).

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.

CARL vs SPCB — Head-to-Head

Bigger by revenue
CARL
CARL
1.1× larger
CARL
$16.1M
$14.2M
SPCB
Growing faster (revenue YoY)
CARL
CARL
+59.6% gap
CARL
58.2%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
37.2% more per $
SPCB
37.5%
0.3%
CARL

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
CARL
CARL
SPCB
SPCB
Revenue
$16.1M
$14.2M
Net Profit
$51.8K
$5.3M
Gross Margin
77.1%
61.2%
Operating Margin
-34.7%
16.3%
Net Margin
0.3%
37.5%
Revenue YoY
58.2%
-1.5%
Net Profit YoY
79.5%
EPS (diluted)
$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
CARL
CARL
SPCB
SPCB
Q1 26
$16.1M
Q4 25
$15.2M
Q3 25
$13.1M
Q2 25
$12.1M
$14.2M
Q2 24
$14.4M
Q2 23
$14.1M
Q2 22
$6.3M
Net Profit
CARL
CARL
SPCB
SPCB
Q1 26
$51.8K
Q4 25
$82.5K
Q3 25
$-8.5M
Q2 25
$-6.8M
$5.3M
Q2 24
$3.0M
Q2 23
$-2.6M
Q2 22
$-5.2M
Gross Margin
CARL
CARL
SPCB
SPCB
Q1 26
77.1%
Q4 25
76.5%
Q3 25
75.9%
Q2 25
73.4%
61.2%
Q2 24
52.3%
Q2 23
27.2%
Q2 22
41.8%
Operating Margin
CARL
CARL
SPCB
SPCB
Q1 26
-34.7%
Q4 25
-38.0%
Q3 25
-69.1%
Q2 25
-53.8%
16.3%
Q2 24
7.7%
Q2 23
-12.2%
Q2 22
-49.9%
Net Margin
CARL
CARL
SPCB
SPCB
Q1 26
0.3%
Q4 25
0.5%
Q3 25
-65.2%
Q2 25
-56.0%
37.5%
Q2 24
20.6%
Q2 23
-18.3%
Q2 22
-82.4%
EPS (diluted)
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
$-0.40
Q2 25
$-1.47
$1.32
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
CARL
CARL
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$97.0M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$37.3M
Total Assets
$118.8M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CARL
CARL
SPCB
SPCB
Q1 26
$97.0M
Q4 25
$109.8M
Q3 25
$115.4M
Q2 25
$33.5M
$15.0M
Q2 24
$5.7M
Q2 23
$1.1M
Q2 22
$2.9M
Total Debt
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
$15.4M
Q2 25
$15.4M
$23.6M
Q2 24
$29.2M
Q2 23
$32.9M
Q2 22
$32.3M
Stockholders' Equity
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
$106.7M
Q2 25
$-83.1M
$37.3M
Q2 24
$13.8M
Q2 23
$3.5M
Q2 22
$3.7M
Total Assets
CARL
CARL
SPCB
SPCB
Q1 26
$118.8M
Q4 25
$130.1M
Q3 25
$134.9M
Q2 25
$53.3M
$65.5M
Q2 24
$49.6M
Q2 23
$40.8M
Q2 22
$42.7M
Debt / Equity
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
0.14×
Q2 25
0.63×
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
CARL
CARL
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
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
$-8.5M
Q2 25
$-15.2M
$-2.2M
Q2 24
$-950.0K
Q2 23
$-3.4M
Q2 22
$-4.1M
Free Cash Flow
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
$-8.6M
Q2 25
$-15.6M
$-3.6M
Q2 24
$-1.6M
Q2 23
$-4.5M
Q2 22
$-4.4M
FCF Margin
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
-65.9%
Q2 25
-129.2%
-25.3%
Q2 24
-10.8%
Q2 23
-31.5%
Q2 22
-70.4%
Capex Intensity
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
1.2%
Q2 25
3.4%
10.0%
Q2 24
4.2%
Q2 23
7.4%
Q2 22
4.4%
Cash Conversion
CARL
CARL
SPCB
SPCB
Q1 26
Q4 25
Q3 25
Q2 25
-0.41×
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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