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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $7.3M, roughly 2.0× Coda Octopus Group, Inc.). SuperCom Ltd runs the higher net margin — 37.5% vs 14.1%, a 23.4% gap on every dollar of revenue. On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs -1.5%). Coda Octopus Group, Inc. produced more free cash flow last quarter ($2.5M vs $-3.6M).

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

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.

CODA vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
2.0× larger
SPCB
$14.2M
$7.3M
CODA
Growing faster (revenue YoY)
CODA
CODA
+45.3% gap
CODA
43.8%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
23.4% more per $
SPCB
37.5%
14.1%
CODA
More free cash flow
CODA
CODA
$6.1M more FCF
CODA
$2.5M
$-3.6M
SPCB

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CODA
CODA
SPCB
SPCB
Revenue
$7.3M
$14.2M
Net Profit
$1.0M
$5.3M
Gross Margin
67.6%
61.2%
Operating Margin
19.3%
16.3%
Net Margin
14.1%
37.5%
Revenue YoY
43.8%
-1.5%
Net Profit YoY
214.3%
79.5%
EPS (diluted)
$0.10
$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
CODA
CODA
SPCB
SPCB
Q4 25
$7.3M
Q3 25
$7.1M
Q2 25
$7.0M
$14.2M
Q1 25
$5.2M
Q4 24
$5.1M
Q3 24
$5.5M
Q2 24
$5.3M
$14.4M
Q1 24
$4.5M
Net Profit
CODA
CODA
SPCB
SPCB
Q4 25
$1.0M
Q3 25
$1.3M
Q2 25
$908.8K
$5.3M
Q1 25
$913.0K
Q4 24
$326.2K
Q3 24
$1.3M
Q2 24
$1.4M
$3.0M
Q1 24
$629.9K
Gross Margin
CODA
CODA
SPCB
SPCB
Q4 25
67.6%
Q3 25
68.3%
Q2 25
64.1%
61.2%
Q1 25
65.8%
Q4 24
65.3%
Q3 24
73.9%
Q2 24
70.2%
52.3%
Q1 24
69.2%
Operating Margin
CODA
CODA
SPCB
SPCB
Q4 25
19.3%
Q3 25
19.5%
Q2 25
15.5%
16.3%
Q1 25
12.7%
Q4 24
5.7%
Q3 24
25.4%
Q2 24
25.4%
7.7%
Q1 24
12.4%
Net Margin
CODA
CODA
SPCB
SPCB
Q4 25
14.1%
Q3 25
18.2%
Q2 25
13.0%
37.5%
Q1 25
17.5%
Q4 24
6.5%
Q3 24
23.3%
Q2 24
26.6%
20.6%
Q1 24
14.1%
EPS (diluted)
CODA
CODA
SPCB
SPCB
Q4 25
$0.10
Q3 25
$0.11
Q2 25
$0.08
$1.32
Q1 25
$0.08
Q4 24
$0.02
Q3 24
$0.11
Q2 24
$0.13
$1.19
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
CODA
CODA
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$28.7M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$58.1M
$37.3M
Total Assets
$64.5M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CODA
CODA
SPCB
SPCB
Q4 25
$28.7M
Q3 25
$26.2M
Q2 25
$24.5M
$15.0M
Q1 25
$22.5M
Q4 24
$22.5M
Q3 24
$25.2M
Q2 24
$23.7M
$5.7M
Q1 24
$25.0M
Total Debt
CODA
CODA
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
CODA
CODA
SPCB
SPCB
Q4 25
$58.1M
Q3 25
$57.3M
Q2 25
$55.9M
$37.3M
Q1 25
$53.1M
Q4 24
$53.1M
Q3 24
$52.8M
Q2 24
$51.1M
$13.8M
Q1 24
$50.1M
Total Assets
CODA
CODA
SPCB
SPCB
Q4 25
$64.5M
Q3 25
$61.9M
Q2 25
$60.6M
$65.5M
Q1 25
$56.9M
Q4 24
$57.5M
Q3 24
$55.9M
Q2 24
$54.0M
$49.6M
Q1 24
$53.0M
Debt / Equity
CODA
CODA
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CODA
CODA
SPCB
SPCB
Operating Cash FlowLast quarter
$2.9M
$-2.2M
Free Cash FlowOCF − Capex
$2.5M
$-3.6M
FCF MarginFCF / Revenue
34.9%
-25.3%
Capex IntensityCapex / Revenue
5.0%
10.0%
Cash ConversionOCF / Net Profit
2.83×
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$6.0M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CODA
CODA
SPCB
SPCB
Q4 25
$2.9M
Q3 25
$2.2M
Q2 25
$1.5M
$-2.2M
Q1 25
$641.5K
Q4 24
$2.0M
Q3 24
$1.7M
Q2 24
$-955.8K
$-950.0K
Q1 24
$-298.0K
Free Cash Flow
CODA
CODA
SPCB
SPCB
Q4 25
$2.5M
Q3 25
$1.6M
Q2 25
$1.4M
$-3.6M
Q1 25
$513.4K
Q4 24
$1.9M
Q3 24
$1.5M
Q2 24
$-1.1M
$-1.6M
Q1 24
$-433.6K
FCF Margin
CODA
CODA
SPCB
SPCB
Q4 25
34.9%
Q3 25
22.6%
Q2 25
19.9%
-25.3%
Q1 25
9.9%
Q4 24
38.5%
Q3 24
28.2%
Q2 24
-20.9%
-10.8%
Q1 24
-9.7%
Capex Intensity
CODA
CODA
SPCB
SPCB
Q4 25
5.0%
Q3 25
8.6%
Q2 25
1.0%
10.0%
Q1 25
2.5%
Q4 24
0.9%
Q3 24
3.0%
Q2 24
2.9%
4.2%
Q1 24
3.0%
Cash Conversion
CODA
CODA
SPCB
SPCB
Q4 25
2.83×
Q3 25
1.72×
Q2 25
1.61×
-0.41×
Q1 25
0.70×
Q4 24
6.11×
Q3 24
1.34×
Q2 24
-0.68×
-0.32×
Q1 24
-0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

SPCB
SPCB

Segment breakdown not available.

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