Onespan Inc Financials
This page shows Onespan Inc (OSPN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Onespan Inc has an operating margin of 18.4%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from -12.3% the prior year.
Onespan Inc's revenue grew a modest 3.4% year-over-year to $243.2M. This slow but positive growth earns a score of 38/100.
Onespan Inc carries a low D/E ratio of 0.59, meaning only $0.59 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
Onespan Inc's current ratio of 1.59 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
Onespan Inc converts 19.1% of revenue into free cash flow ($46.4M). This strong cash generation earns a score of 95/100.
Onespan Inc earns a strong 26.9% return on equity (ROE), meaning it generates $27 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Onespan Inc scores 4.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($423.6M) relative to total liabilities ($126.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Onespan Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Onespan Inc generates $0.98 in operating cash flow ($55.7M OCF vs $57.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Onespan Inc generated $243.2M in revenue in fiscal year 2024. This represents an increase of 3.4% from the prior year.
Onespan Inc's EBITDA was $53.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 337.4% from the prior year.
Onespan Inc generated $46.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 299.9% from the prior year.
Onespan Inc reported $57.1M in net income in fiscal year 2024. This represents an increase of 291.6% from the prior year.
Onespan Inc earned $1.46 per diluted share (EPS) in fiscal year 2024. This represents an increase of 297.3% from the prior year.
Onespan Inc held $83.2M in cash against $0 in long-term debt as of fiscal year 2024.
Onespan Inc paid $0.12 per share in dividends in fiscal year 2024.
Onespan Inc had 38M shares outstanding in fiscal year 2024. This represents an increase of 1.4% from the prior year.
Onespan Inc's gross margin was 71.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.7 percentage points from the prior year.
Onespan Inc's operating margin was 18.4% in fiscal year 2024, reflecting core business profitability. This is up 30.7 percentage points from the prior year.
Onespan Inc's net profit margin was 23.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 36.1 percentage points from the prior year.
Onespan Inc's ROE was 26.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Onespan Inc invested $32.4M in research and development in fiscal year 2024. This represents a decrease of 15.6% from the prior year.
Onespan Inc spent $3K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Onespan Inc invested $9.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the prior year.
OSPN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.1M-4.7% | $59.8M-5.6% | $63.4M+3.6% | $61.2M+0.4% | $60.9M-6.0% | $64.8M+3.0% | $62.9M+7.0% | $58.8M |
| Cost of Revenue | $15.1M-5.2% | $15.9M-2.5% | $16.3M+2.5% | $15.9M-22.9% | $20.6M+18.0% | $17.4M-10.3% | $19.5M+7.1% | $18.2M |
| Gross Profit | $42.0M-4.5% | $44.0M-6.6% | $47.1M+4.0% | $45.3M+12.3% | $40.3M-14.9% | $47.4M+9.0% | $43.5M+6.9% | $40.7M |
| R&D Expenses | $8.8M-6.9% | $9.4M+19.1% | $7.9M-4.4% | $8.3M-0.6% | $8.3M+1.0% | $8.3M-5.4% | $8.7M-13.8% | $10.1M |
| SG&A Expenses | $12.2M+3.2% | $11.8M+23.4% | $9.5M-27.1% | $13.1M+13.4% | $11.6M+15.5% | $10.0M-29.7% | $14.2M+23.1% | $11.6M |
| Operating Income | $8.2M-21.7% | $10.5M-38.9% | $17.2M+45.5% | $11.8M+54.6% | $7.6M-45.9% | $14.1M+676.6% | $1.8M+137.9% | -$4.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $587K |
| Income Tax | $1.9M-15.0% | $2.2M-33.7% | $3.4M+122.0% | -$15.3M-887.9% | $1.9M+87.2% | $1.0M+12.8% | $917K+228.7% | $279K |
| Net Income | $6.5M-21.9% | $8.3M-42.5% | $14.5M-49.6% | $28.8M+339.3% | $6.6M-51.3% | $13.5M+2954.0% | $441K+110.7% | -$4.1M |
| EPS (Diluted) | $0.17-19.0% | $0.21-43.2% | $0.37-49.3% | $0.73+329.4% | $0.17-51.4% | $0.35+3400.0% | $0.01+110.0% | $-0.10 |
OSPN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $343.5M-3.8% | $357.1M+7.0% | $333.8M-1.5% | $338.7M+18.1% | $286.9M+3.5% | $277.1M-4.2% | $289.2M+2.3% | $282.7M |
| Current Assets | $157.5M-7.1% | $169.5M-0.6% | $170.6M-2.5% | $174.9M+21.6% | $143.9M+7.2% | $134.2M-8.3% | $146.3M+0.2% | $146.1M |
| Cash & Equivalents | $85.6M-7.9% | $92.9M-11.7% | $105.2M+26.5% | $83.2M+30.3% | $63.8M0.0% | $63.9M+48.5% | $43.0M-37.2% | $68.5M |
| Inventory | $11.2M-1.8% | $11.4M+3.8% | $11.0M+2.2% | $10.8M-13.7% | $12.5M-14.3% | $14.6M-6.2% | $15.6M+0.6% | $15.5M |
| Accounts Receivable | $27.5M-21.6% | $35.1M+18.5% | $29.6M-47.4% | $56.2M+28.4% | $43.8M+35.3% | $32.4M-49.7% | $64.4M+66.5% | $38.7M |
| Goodwill | $102.3M-0.9% | $103.3M+9.6% | $94.2M+2.0% | $92.4M-0.8% | $93.1M0.0% | $93.1M-0.7% | $93.7M+2.5% | $91.4M |
| Total Liabilities | $105.2M-8.2% | $114.6M+11.6% | $102.7M-18.6% | $126.2M+16.5% | $108.3M+1.9% | $106.3M-18.3% | $130.1M+23.4% | $105.4M |
| Current Liabilities | $90.0M-5.8% | $95.6M+9.8% | $87.0M-21.1% | $110.3M+17.7% | $93.7M+1.7% | $92.2M-19.7% | $114.8M+25.7% | $91.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $238.3M-1.7% | $242.5M+4.9% | $231.1M+8.7% | $212.5M+19.0% | $178.6M+4.5% | $170.9M+7.4% | $159.1M-10.3% | $177.3M |
| Retained Earnings | $170.9M+1.0% | $169.2M+2.1% | $165.7M+9.6% | $151.3M+27.1% | $119.0M+5.8% | $112.4M+13.6% | $98.9M+0.4% | $98.5M |
OSPN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.3M+81.8% | $6.2M-78.8% | $29.4M+136.3% | $12.4M+439.8% | $2.3M-91.5% | $27.0M+768.8% | $3.1M+141.7% | -$7.4M |
| Capital Expenditures | $2.5M+36.5% | $1.9M+14.2% | $1.6M-17.5% | $2.0M-13.4% | $2.3M-25.3% | $3.0M-11.7% | $3.4M+35.6% | $2.5M |
| Free Cash Flow | $8.8M+101.1% | $4.4M-84.3% | $27.7M+165.4% | $10.5M+40107.7% | $26K-99.9% | $23.9M+7011.8% | -$346K+96.5% | -$10.0M |
| Investing Cash Flow | -$4.5M+67.8% | -$13.9M-744.7% | -$1.6M+16.9% | -$2.0M+13.2% | -$2.3M+26.0% | -$3.1M+11.4% | -$3.5M-35.8% | -$2.6M |
| Financing Cash Flow | -$14.2M-126.4% | -$6.3M-5.7% | -$5.9M-145.2% | -$2.4M-922.0% | -$236K+86.9% | -$1.8M+93.2% | -$26.2M-507.8% | -$4.3M |
| Dividends Paid | $4.7M+1.6% | $4.6M+0.5% | $4.6M | $0 | $0 | $0 | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $3K | N/A | N/A | $25.6M+626.6% | $3.5M |
OSPN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6%+0.1pp | 73.5%-0.8pp | 74.3%+0.3pp | 74.0%+7.8pp | 66.2%-6.9pp | 73.1%+4.0pp | 69.1%-0.1pp | 69.1% |
| Operating Margin | 14.4%-3.1pp | 17.6%-9.6pp | 27.1%+7.8pp | 19.3%+6.8pp | 12.5%-9.2pp | 21.8%+18.9pp | 2.9%+11.0pp | -8.2% |
| Net Margin | 11.4%-2.5pp | 13.9%-8.9pp | 22.9%-24.2pp | 47.1%+36.3pp | 10.8%-10.0pp | 20.8%+20.1pp | 0.7%+7.7pp | -7.0% |
| Return on Equity | 2.7%-0.7pp | 3.4%-2.8pp | 6.3%-7.3pp | 13.6%+9.9pp | 3.7%-4.2pp | 7.9%+7.6pp | 0.3% | N/A |
| Return on Assets | 1.9%-0.4pp | 2.3%-2.0pp | 4.3%-4.2pp | 8.5%+6.2pp | 2.3%-2.6pp | 4.9%+4.7pp | 0.1%+1.6pp | -1.5% |
| Current Ratio | 1.75-0.0 | 1.77-0.2 | 1.96+0.4 | 1.59+0.1 | 1.54+0.1 | 1.46+0.2 | 1.27-0.3 | 1.60 |
| Debt-to-Equity | 0.44-0.0 | 0.47+0.0 | 0.44-0.1 | 0.59-0.0 | 0.61-0.0 | 0.62-0.2 | 0.82+0.2 | 0.59 |
| FCF Margin | 15.4%+8.1pp | 7.3%-36.5pp | 43.8%+26.7pp | 17.1%+17.0pp | 0.0%-36.8pp | 36.9%+37.4pp | -0.5%+16.4pp | -17.0% |
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Frequently Asked Questions
What is Onespan Inc's annual revenue?
Onespan Inc (OSPN) reported $243.2M in total revenue for fiscal year 2024. This represents a 3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Onespan Inc's revenue growing?
Onespan Inc (OSPN) revenue grew by 3.4% year-over-year, from $235.1M to $243.2M in fiscal year 2024.
Is Onespan Inc profitable?
Yes, Onespan Inc (OSPN) reported a net income of $57.1M in fiscal year 2024, with a net profit margin of 23.5%.
What is Onespan Inc's earnings per share (EPS)?
Onespan Inc (OSPN) reported diluted earnings per share of $1.46 for fiscal year 2024. This represents a 297.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Onespan Inc's EBITDA?
Onespan Inc (OSPN) had EBITDA of $53.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Onespan Inc's gross margin?
Onespan Inc (OSPN) had a gross margin of 71.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Onespan Inc's operating margin?
Onespan Inc (OSPN) had an operating margin of 18.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Onespan Inc's net profit margin?
Onespan Inc (OSPN) had a net profit margin of 23.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Onespan Inc pay dividends?
Yes, Onespan Inc (OSPN) paid $0.12 per share in dividends during fiscal year 2024.
What is Onespan Inc's return on equity (ROE)?
Onespan Inc (OSPN) has a return on equity of 26.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Onespan Inc's free cash flow?
Onespan Inc (OSPN) generated $46.4M in free cash flow during fiscal year 2024. This represents a 299.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Onespan Inc's operating cash flow?
Onespan Inc (OSPN) generated $55.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Onespan Inc's total assets?
Onespan Inc (OSPN) had $338.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Onespan Inc's capital expenditures?
Onespan Inc (OSPN) invested $9.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Onespan Inc spend on research and development?
Onespan Inc (OSPN) invested $32.4M in research and development during fiscal year 2024.
Does Onespan Inc buy back shares?
Yes, Onespan Inc (OSPN) spent $3K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Onespan Inc have outstanding?
Onespan Inc (OSPN) had 38M shares outstanding as of fiscal year 2024.
What is Onespan Inc's current ratio?
Onespan Inc (OSPN) had a current ratio of 1.59 as of fiscal year 2024, which is generally considered healthy.
What is Onespan Inc's debt-to-equity ratio?
Onespan Inc (OSPN) had a debt-to-equity ratio of 0.59 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Onespan Inc's return on assets (ROA)?
Onespan Inc (OSPN) had a return on assets of 16.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Onespan Inc's Altman Z-Score?
Onespan Inc (OSPN) has an Altman Z-Score of 4.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Onespan Inc's Piotroski F-Score?
Onespan Inc (OSPN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Onespan Inc's earnings high quality?
Onespan Inc (OSPN) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Onespan Inc?
Onespan Inc (OSPN) scores 76 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.