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Side-by-side financial comparison of Maiden Holdings, Ltd. (MHLA) 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 $14.0M, roughly 1.0× Maiden Holdings, Ltd.). SuperCom Ltd runs the higher net margin — 37.5% vs -61.5%, a 99.0% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% vs -51.4%).

Maiden Holdings Ltd. is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.

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.

MHLA vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.0× larger
SPCB
$14.2M
$14.0M
MHLA
Growing faster (revenue YoY)
SPCB
SPCB
+49.9% gap
SPCB
-1.5%
-51.4%
MHLA
Higher net margin
SPCB
SPCB
99.0% more per $
SPCB
37.5%
-61.5%
MHLA

Income Statement — Q1 FY2025 vs Q2 FY2025

Metric
MHLA
MHLA
SPCB
SPCB
Revenue
$14.0M
$14.2M
Net Profit
$-8.6M
$5.3M
Gross Margin
61.2%
Operating Margin
-42.1%
16.3%
Net Margin
-61.5%
37.5%
Revenue YoY
-51.4%
-1.5%
Net Profit YoY
-692.5%
79.5%
EPS (diluted)
$-0.09
$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
MHLA
MHLA
SPCB
SPCB
Q2 25
$14.2M
Q1 25
$14.0M
Q4 24
$11.6M
Q3 24
$14.5M
Q2 24
$20.5M
$14.4M
Q1 24
$28.9M
Q4 23
$25.2M
Q3 23
$21.8M
Net Profit
MHLA
MHLA
SPCB
SPCB
Q2 25
$5.3M
Q1 25
$-8.6M
Q4 24
$-158.0M
Q3 24
$-34.5M
Q2 24
$-10.0M
$3.0M
Q1 24
$1.5M
Q4 23
$-20.8M
Q3 23
$-3.5M
Gross Margin
MHLA
MHLA
SPCB
SPCB
Q2 25
61.2%
Q1 25
Q4 24
Q3 24
Q2 24
52.3%
Q1 24
Q4 23
Q3 23
Operating Margin
MHLA
MHLA
SPCB
SPCB
Q2 25
16.3%
Q1 25
-42.1%
Q4 24
2103.0%
Q3 24
-243.1%
Q2 24
-53.7%
7.7%
Q1 24
3.0%
Q4 23
-84.2%
Q3 23
-26.4%
Net Margin
MHLA
MHLA
SPCB
SPCB
Q2 25
37.5%
Q1 25
-61.5%
Q4 24
2125.8%
Q3 24
-238.1%
Q2 24
-48.7%
20.6%
Q1 24
5.0%
Q4 23
-82.4%
Q3 23
-16.2%
EPS (diluted)
MHLA
MHLA
SPCB
SPCB
Q2 25
$1.32
Q1 25
$-0.09
Q4 24
$-1.57
Q3 24
$-0.35
Q2 24
$-0.10
$1.19
Q1 24
$0.01
Q4 23
$-0.21
Q3 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$28.7M
$15.0M
Total DebtLower is stronger
$254.8M
$23.6M
Stockholders' EquityBook value
$37.6M
$37.3M
Total Assets
$1.2B
$65.5M
Debt / EquityLower = less leverage
6.78×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
SPCB
SPCB
Q2 25
$15.0M
Q1 25
$28.7M
Q4 24
$25.7M
Q3 24
$110.0M
Q2 24
$24.8M
$5.7M
Q1 24
$20.7M
Q4 23
$35.4M
Q3 23
$17.9M
Total Debt
MHLA
MHLA
SPCB
SPCB
Q2 25
$23.6M
Q1 25
$254.8M
Q4 24
$254.8M
Q3 24
$254.7M
Q2 24
$254.7M
$29.2M
Q1 24
$254.6M
Q4 23
$254.6M
Q3 23
$254.6M
Stockholders' Equity
MHLA
MHLA
SPCB
SPCB
Q2 25
$37.3M
Q1 25
$37.6M
Q4 24
$45.2M
Q3 24
$208.2M
Q2 24
$238.0M
$13.8M
Q1 24
$249.4M
Q4 23
$249.2M
Q3 23
$263.2M
Total Assets
MHLA
MHLA
SPCB
SPCB
Q2 25
$65.5M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
$49.6M
Q1 24
$1.5B
Q4 23
$1.5B
Q3 23
$1.6B
Debt / Equity
MHLA
MHLA
SPCB
SPCB
Q2 25
0.63×
Q1 25
6.78×
Q4 24
5.64×
Q3 24
1.22×
Q2 24
1.07×
2.11×
Q1 24
1.02×
Q4 23
1.02×
Q3 23
0.97×

Cash Flow & Capital Efficiency

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

Metric
MHLA
MHLA
SPCB
SPCB
Operating Cash FlowLast quarter
$-21.1M
$-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
MHLA
MHLA
SPCB
SPCB
Q2 25
$-2.2M
Q1 25
$-21.1M
Q4 24
$-67.4M
Q3 24
$-3.8M
Q2 24
$-23.4M
$-950.0K
Q1 24
$8.0M
Q4 23
$6.2M
Q3 23
$-2.3M
Free Cash Flow
MHLA
MHLA
SPCB
SPCB
Q2 25
$-3.6M
Q1 25
Q4 24
Q3 24
Q2 24
$-1.6M
Q1 24
Q4 23
Q3 23
FCF Margin
MHLA
MHLA
SPCB
SPCB
Q2 25
-25.3%
Q1 25
Q4 24
Q3 24
Q2 24
-10.8%
Q1 24
Q4 23
Q3 23
Capex Intensity
MHLA
MHLA
SPCB
SPCB
Q2 25
10.0%
Q1 25
Q4 24
Q3 24
Q2 24
4.2%
Q1 24
Q4 23
Q3 23
Cash Conversion
MHLA
MHLA
SPCB
SPCB
Q2 25
-0.41×
Q1 25
Q4 24
Q3 24
Q2 24
-0.32×
Q1 24
5.52×
Q4 23
Q3 23

Financial Flow Comparison

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

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