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Side-by-side financial comparison of REED'S, INC. (REED) 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 $7.5M, roughly 1.9× REED'S, INC.). SuperCom Ltd runs the higher net margin — 37.5% vs -50.5%, a 88.0% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% vs -23.1%). SuperCom Ltd produced more free cash flow last quarter ($-3.6M vs $-3.9M).

Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.

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.

REED vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.9× larger
SPCB
$14.2M
$7.5M
REED
Growing faster (revenue YoY)
SPCB
SPCB
+21.7% gap
SPCB
-1.5%
-23.1%
REED
Higher net margin
SPCB
SPCB
88.0% more per $
SPCB
37.5%
-50.5%
REED
More free cash flow
SPCB
SPCB
$292.0K more FCF
SPCB
$-3.6M
$-3.9M
REED

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
REED
REED
SPCB
SPCB
Revenue
$7.5M
$14.2M
Net Profit
$-3.8M
$5.3M
Gross Margin
20.4%
61.2%
Operating Margin
-46.9%
16.3%
Net Margin
-50.5%
37.5%
Revenue YoY
-23.1%
-1.5%
Net Profit YoY
8.2%
79.5%
EPS (diluted)
$-1.26
$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
REED
REED
SPCB
SPCB
Q4 25
$7.5M
Q3 25
$7.0M
Q2 25
$9.5M
$14.2M
Q1 25
$10.0M
Q4 24
$9.7M
Q3 24
$6.8M
Q2 24
$11.9M
$14.4M
Q1 24
$9.6M
Net Profit
REED
REED
SPCB
SPCB
Q4 25
$-3.8M
Q3 25
$-4.0M
Q2 25
$-6.0M
$5.3M
Q1 25
$-2.0M
Q4 24
$-4.1M
Q3 24
$-4.2M
Q2 24
$-3.2M
$3.0M
Q1 24
$-1.7M
Gross Margin
REED
REED
SPCB
SPCB
Q4 25
20.4%
Q3 25
17.4%
Q2 25
8.5%
61.2%
Q1 25
33.9%
Q4 24
30.0%
Q3 24
18.0%
Q2 24
32.3%
52.3%
Q1 24
35.6%
Operating Margin
REED
REED
SPCB
SPCB
Q4 25
-46.9%
Q3 25
-58.3%
Q2 25
-60.8%
16.3%
Q1 25
-17.4%
Q4 24
-37.6%
Q3 24
-46.5%
Q2 24
-5.6%
7.7%
Q1 24
-6.8%
Net Margin
REED
REED
SPCB
SPCB
Q4 25
-50.5%
Q3 25
-56.6%
Q2 25
-63.5%
37.5%
Q1 25
-20.3%
Q4 24
-42.3%
Q3 24
-61.5%
Q2 24
-27.1%
20.6%
Q1 24
-17.4%
EPS (diluted)
REED
REED
SPCB
SPCB
Q4 25
$-1.26
Q3 25
$-0.48
Q2 25
$-0.13
$1.32
Q1 25
$-0.04
Q4 24
$-3.73
Q3 24
$-4.91
Q2 24
$-0.77
$1.19
Q1 24
$-0.40

Balance Sheet & Financial Strength

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

Metric
REED
REED
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$9.2M
$37.3M
Total Assets
$23.3M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REED
REED
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$15.0M
Q1 25
Q4 24
Q3 24
Q2 24
$5.7M
Q1 24
Total Debt
REED
REED
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
REED
REED
SPCB
SPCB
Q4 25
$9.2M
Q3 25
$2.8M
Q2 25
$1.7M
$37.3M
Q1 25
$4.7M
Q4 24
$6.6M
Q3 24
$-22.0M
Q2 24
$-23.8M
$13.8M
Q1 24
$-20.7M
Total Assets
REED
REED
SPCB
SPCB
Q4 25
$23.3M
Q3 25
$19.9M
Q2 25
$23.7M
$65.5M
Q1 25
$24.5M
Q4 24
$25.1M
Q3 24
$15.0M
Q2 24
$18.7M
$49.6M
Q1 24
$19.3M
Debt / Equity
REED
REED
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
REED
REED
SPCB
SPCB
Operating Cash FlowLast quarter
$-3.8M
$-2.2M
Free Cash FlowOCF − Capex
$-3.9M
$-3.6M
FCF MarginFCF / Revenue
-52.0%
-25.3%
Capex IntensityCapex / Revenue
1.1%
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-17.3M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REED
REED
SPCB
SPCB
Q4 25
$-3.8M
Q3 25
$-2.8M
Q2 25
$-5.0M
$-2.2M
Q1 25
$-5.4M
Q4 24
$-3.9M
Q3 24
$1.1M
Q2 24
$-912.0K
$-950.0K
Q1 24
$-2.4M
Free Cash Flow
REED
REED
SPCB
SPCB
Q4 25
$-3.9M
Q3 25
$-2.9M
Q2 25
$-5.1M
$-3.6M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$1.0M
Q2 24
$-924.0K
$-1.6M
Q1 24
$-2.4M
FCF Margin
REED
REED
SPCB
SPCB
Q4 25
-52.0%
Q3 25
-41.5%
Q2 25
-53.2%
-25.3%
Q1 25
-54.2%
Q4 24
-40.8%
Q3 24
15.3%
Q2 24
-7.8%
-10.8%
Q1 24
-25.1%
Capex Intensity
REED
REED
SPCB
SPCB
Q4 25
1.1%
Q3 25
1.4%
Q2 25
0.2%
10.0%
Q1 25
0.7%
Q4 24
1.0%
Q3 24
0.3%
Q2 24
0.1%
4.2%
Q1 24
0.2%
Cash Conversion
REED
REED
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.

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