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

SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $12.5M, roughly 1.1× Workhorse Group Inc.). SuperCom Ltd runs the higher net margin — 37.5% vs -166.5%, a 204.0% gap on every dollar of revenue. On growth, Workhorse Group Inc. posted the faster year-over-year revenue change (432.0% vs -1.5%). SuperCom Ltd produced more free cash flow last quarter ($-3.6M vs $-11.1M).

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.

Workhorse Group is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, USA. In 2025, it merged its operations with those of Motiv Electric Trucks, forming a new entity known as Workhorse.

SPCB vs WKHS — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.1× larger
SPCB
$14.2M
$12.5M
WKHS
Growing faster (revenue YoY)
WKHS
WKHS
+433.5% gap
WKHS
432.0%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
204.0% more per $
SPCB
37.5%
-166.5%
WKHS
More free cash flow
SPCB
SPCB
$7.5M more FCF
SPCB
$-3.6M
$-11.1M
WKHS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SPCB
SPCB
WKHS
WKHS
Revenue
$14.2M
$12.5M
Net Profit
$5.3M
$-20.8M
Gross Margin
61.2%
80.4%
Operating Margin
16.3%
-28.6%
Net Margin
37.5%
-166.5%
Revenue YoY
-1.5%
432.0%
Net Profit YoY
79.5%
-171.8%
EPS (diluted)
$1.32
$0.09

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
SPCB
SPCB
WKHS
WKHS
Q4 25
$12.5M
Q3 25
$2.4M
Q2 25
$14.2M
$5.7M
Q1 25
$640.9K
Q4 24
$2.4M
Q3 24
$2.5M
Q2 24
$14.4M
$842.4K
Q1 24
$1.3M
Net Profit
SPCB
SPCB
WKHS
WKHS
Q4 25
$-20.8M
Q3 25
$-7.8M
Q2 25
$5.3M
$-14.8M
Q1 25
$-20.6M
Q4 24
$29.0M
Q3 24
$-25.1M
Q2 24
$3.0M
$-26.3M
Q1 24
$-29.2M
Gross Margin
SPCB
SPCB
WKHS
WKHS
Q4 25
80.4%
Q3 25
-323.2%
Q2 25
61.2%
-130.2%
Q1 25
Q4 24
Q3 24
-164.7%
Q2 24
52.3%
Q1 24
Operating Margin
SPCB
SPCB
WKHS
WKHS
Q4 25
-28.6%
Q3 25
-694.2%
Q2 25
16.3%
-255.3%
Q1 25
-2002.9%
Q4 24
Q3 24
-564.5%
Q2 24
7.7%
-2435.6%
Q1 24
-1771.6%
Net Margin
SPCB
SPCB
WKHS
WKHS
Q4 25
-166.5%
Q3 25
-328.2%
Q2 25
37.5%
-260.7%
Q1 25
-3221.0%
Q4 24
1233.7%
Q3 24
-1001.5%
Q2 24
20.6%
-3124.3%
Q1 24
-2177.0%
EPS (diluted)
SPCB
SPCB
WKHS
WKHS
Q4 25
$0.09
Q3 25
$-0.50
Q2 25
$1.32
$-1.67
Q1 25
$-4.68
Q4 24
$51.11
Q3 24
$-0.98
Q2 24
$1.19
$-17.45
Q1 24
$-24.09

Balance Sheet & Financial Strength

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

Metric
SPCB
SPCB
WKHS
WKHS
Cash + ST InvestmentsLiquidity on hand
$15.0M
$12.9M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$37.3M
$43.0M
Total Assets
$65.5M
$117.9M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPCB
SPCB
WKHS
WKHS
Q4 25
$12.9M
Q3 25
$12.7M
Q2 25
$15.0M
$2.2M
Q1 25
$2.6M
Q4 24
$6.6M
Q3 24
$3.2M
Q2 24
$5.7M
$5.3M
Q1 24
$6.7M
Total Debt
SPCB
SPCB
WKHS
WKHS
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
SPCB
SPCB
WKHS
WKHS
Q4 25
$43.0M
Q3 25
$32.1M
Q2 25
$37.3M
$22.3M
Q1 25
$31.4M
Q4 24
$-40.8M
Q3 24
$47.3M
Q2 24
$13.8M
$58.6M
Q1 24
$67.4M
Total Assets
SPCB
SPCB
WKHS
WKHS
Q4 25
$117.9M
Q3 25
$116.7M
Q2 25
$65.5M
$99.3M
Q1 25
$115.5M
Q4 24
$37.4M
Q3 24
$101.4M
Q2 24
$49.6M
$105.4M
Q1 24
$113.9M
Debt / Equity
SPCB
SPCB
WKHS
WKHS
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
SPCB
SPCB
WKHS
WKHS
Operating Cash FlowLast quarter
$-2.2M
$-10.5M
Free Cash FlowOCF − Capex
$-3.6M
$-11.1M
FCF MarginFCF / Revenue
-25.3%
-89.0%
Capex IntensityCapex / Revenue
10.0%
4.8%
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
SPCB
SPCB
WKHS
WKHS
Q4 25
$-10.5M
Q3 25
Q2 25
$-2.2M
Q1 25
$-8.2M
Q4 24
$2.0M
Q3 24
Q2 24
$-950.0K
$-12.1M
Q1 24
$-18.0M
Free Cash Flow
SPCB
SPCB
WKHS
WKHS
Q4 25
$-11.1M
Q3 25
Q2 25
$-3.6M
Q1 25
$-8.2M
Q4 24
$1.2M
Q3 24
Q2 24
$-1.6M
$-12.8M
Q1 24
$-21.0M
FCF Margin
SPCB
SPCB
WKHS
WKHS
Q4 25
-89.0%
Q3 25
Q2 25
-25.3%
Q1 25
-1275.0%
Q4 24
52.2%
Q3 24
Q2 24
-10.8%
-1523.4%
Q1 24
-1567.2%
Capex Intensity
SPCB
SPCB
WKHS
WKHS
Q4 25
4.8%
Q3 25
Q2 25
10.0%
Q1 25
2.8%
Q4 24
31.2%
Q3 24
Q2 24
4.2%
87.1%
Q1 24
225.9%
Cash Conversion
SPCB
SPCB
WKHS
WKHS
Q4 25
Q3 25
Q2 25
-0.41×
Q1 25
Q4 24
0.07×
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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