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Side-by-side financial comparison of NextPlat Corp (NXPL) 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 $12.8M, roughly 1.1× NextPlat Corp). SuperCom Ltd runs the higher net margin — 37.5% vs -40.2%, a 77.7% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% vs -21.1%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-3.6M).

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.

NXPL vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.1× larger
SPCB
$14.2M
$12.8M
NXPL
Growing faster (revenue YoY)
SPCB
SPCB
+19.7% gap
SPCB
-1.5%
-21.1%
NXPL
Higher net margin
SPCB
SPCB
77.7% more per $
SPCB
37.5%
-40.2%
NXPL
More free cash flow
NXPL
NXPL
$3.3M more FCF
NXPL
$-339.0K
$-3.6M
SPCB

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NXPL
NXPL
SPCB
SPCB
Revenue
$12.8M
$14.2M
Net Profit
$-5.1M
$5.3M
Gross Margin
14.3%
61.2%
Operating Margin
-28.9%
16.3%
Net Margin
-40.2%
37.5%
Revenue YoY
-21.1%
-1.5%
Net Profit YoY
-70.6%
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
NXPL
NXPL
SPCB
SPCB
Q4 25
$12.8M
Q3 25
$13.8M
Q2 25
$13.2M
$14.2M
Q1 25
$14.5M
Q4 24
$16.2M
Q3 24
$15.4M
Q2 24
$17.0M
$14.4M
Q1 24
$17.5M
Net Profit
NXPL
NXPL
SPCB
SPCB
Q4 25
$-5.1M
Q3 25
$-2.2M
Q2 25
$-1.8M
$5.3M
Q1 25
$-1.3M
Q4 24
$-3.0M
Q3 24
$-4.2M
Q2 24
$-5.3M
$3.0M
Q1 24
$-1.5M
Gross Margin
NXPL
NXPL
SPCB
SPCB
Q4 25
14.3%
Q3 25
19.9%
Q2 25
21.8%
61.2%
Q1 25
23.8%
Q4 24
16.8%
Q3 24
23.2%
Q2 24
34.5%
52.3%
Q1 24
27.8%
Operating Margin
NXPL
NXPL
SPCB
SPCB
Q4 25
-28.9%
Q3 25
-14.5%
Q2 25
-13.8%
16.3%
Q1 25
-10.2%
Q4 24
-14.1%
Q3 24
-52.1%
Q2 24
-64.1%
7.7%
Q1 24
-10.5%
Net Margin
NXPL
NXPL
SPCB
SPCB
Q4 25
-40.2%
Q3 25
-15.9%
Q2 25
-13.5%
37.5%
Q1 25
-9.2%
Q4 24
-18.6%
Q3 24
-27.4%
Q2 24
-31.3%
20.6%
Q1 24
-8.5%
EPS (diluted)
NXPL
NXPL
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$1.32
Q1 25
$-0.05
Q4 24
Q3 24
$-0.22
Q2 24
$1.19
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
NXPL
NXPL
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$13.7M
$15.0M
Total DebtLower is stronger
$1.3M
$23.6M
Stockholders' EquityBook value
$17.3M
$37.3M
Total Assets
$27.5M
$65.5M
Debt / EquityLower = less leverage
0.07×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXPL
NXPL
SPCB
SPCB
Q4 25
$13.7M
Q3 25
$13.9M
Q2 25
$16.6M
$15.0M
Q1 25
$17.7M
Q4 24
$20.0M
Q3 24
$20.4M
Q2 24
$24.9M
$5.7M
Q1 24
$23.5M
Total Debt
NXPL
NXPL
SPCB
SPCB
Q4 25
$1.3M
Q3 25
$1.2M
Q2 25
$1.2M
$23.6M
Q1 25
$1.3M
Q4 24
$1.4M
Q3 24
$1.5M
Q2 24
$1.3M
$29.2M
Q1 24
$1.4M
Stockholders' Equity
NXPL
NXPL
SPCB
SPCB
Q4 25
$17.3M
Q3 25
$21.4M
Q2 25
$23.5M
$37.3M
Q1 25
$25.3M
Q4 24
$27.3M
Q3 24
$22.5M
Q2 24
$26.5M
$13.8M
Q1 24
$31.2M
Total Assets
NXPL
NXPL
SPCB
SPCB
Q4 25
$27.5M
Q3 25
$30.0M
Q2 25
$31.0M
$65.5M
Q1 25
$35.2M
Q4 24
$37.1M
Q3 24
$41.1M
Q2 24
$51.5M
$49.6M
Q1 24
$65.1M
Debt / Equity
NXPL
NXPL
SPCB
SPCB
Q4 25
0.07×
Q3 25
0.05×
Q2 25
0.05×
0.63×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.07×
Q2 24
0.05×
2.11×
Q1 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
NXPL
NXPL
SPCB
SPCB
Operating Cash FlowLast quarter
$-302.0K
$-2.2M
Free Cash FlowOCF − Capex
$-339.0K
$-3.6M
FCF MarginFCF / Revenue
-2.6%
-25.3%
Capex IntensityCapex / Revenue
0.3%
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
NXPL
NXPL
SPCB
SPCB
Q4 25
$-302.0K
Q3 25
$-2.7M
Q2 25
$-1.0M
$-2.2M
Q1 25
$-2.1M
Q4 24
$-476.0K
Q3 24
$-4.6M
Q2 24
$2.3M
$-950.0K
Q1 24
$-2.7M
Free Cash Flow
NXPL
NXPL
SPCB
SPCB
Q4 25
$-339.0K
Q3 25
Q2 25
$-1.1M
$-3.6M
Q1 25
$-2.1M
Q4 24
$-508.0K
Q3 24
$-4.7M
Q2 24
$2.2M
$-1.6M
Q1 24
$-2.7M
FCF Margin
NXPL
NXPL
SPCB
SPCB
Q4 25
-2.6%
Q3 25
Q2 25
-8.0%
-25.3%
Q1 25
-14.3%
Q4 24
-3.1%
Q3 24
-30.6%
Q2 24
13.2%
-10.8%
Q1 24
-15.7%
Capex Intensity
NXPL
NXPL
SPCB
SPCB
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.1%
10.0%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.6%
Q2 24
0.4%
4.2%
Q1 24
0.4%
Cash Conversion
NXPL
NXPL
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-0.41×
Q1 25
Q4 24
Q3 24
Q2 24
-0.32×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NXPL
NXPL

Healthcare Operations$9.0M70%
Ecommerce Revenue$3.8M30%

SPCB
SPCB

Segment breakdown not available.

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