OneSpan Inc. (OSPN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OSPN SEC filings page.
OneSpan Inc. (OSPN) reported $246.4M in revenue over the twelve months to Jun 30, 2026, up 2.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
OneSpan’s 2025 profit was helped by a tax benefit, while flat sales and better gross margins supported cash generation.
The 2025 earnings jump is not entirely operating: net income was$72.9M against operating income of$48.4M . That gap reflects a$23.5M tax benefit, so reported net income overstates the operating step-up.
Revenue was essentially flat at
Cash conversion improved: operating cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of OneSpan Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
OneSpan Inc. has an operating margin of 19.9%, meaning the company retains $20 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 18.4% the prior year.
OneSpan Inc.'s revenue grew a modest 0.0% year-over-year to $243.2M. This slow but positive growth earns a score of 37/100.
OneSpan Inc. has a moderate D/E ratio of 0.46. This balance of debt and equity financing earns a leverage score of 62/100.
OneSpan Inc.'s current ratio of 1.50 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
OneSpan Inc. converts 20.8% of revenue into free cash flow ($50.5M). This strong cash generation earns a score of 76/100.
OneSpan Inc.'s ROE of 26.8% shows moderate profitability relative to equity, earning a score of 50/100. This is down from 26.9% the prior year.
OneSpan Inc. scores 5.06, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($657.8M) relative to total liabilities ($125.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
OneSpan Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, OneSpan Inc. generates $0.82 in operating cash flow ($59.5M OCF vs $72.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
OneSpan Inc. generated $60.5M in revenue in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is down 8.3%.
OneSpan Inc.'s EBITDA was $11.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.0% from the same quarter a year earlier. Against the prior quarter it is down 34.2%.
OneSpan Inc. reported $6.8M in net income in Q2 2026. This represents a decrease of 18.7% from the same quarter a year earlier. Against the prior quarter it is down 41.4%.
OneSpan Inc. earned $0.18 per diluted share (EPS) in Q2 2026. This represents a decrease of 14.3% from the same quarter a year earlier. Against the prior quarter it is down 40.0%.
Cash & Balance Sheet
OneSpan Inc. recorded an outflow of $3.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 175.2% from the same quarter a year earlier. Against the prior quarter it is down 113.1%.
OneSpan Inc. held $43.3M in cash as of Q2 2026; long-term debt is not reported for that period.
OneSpan Inc. paid $0.13 per share in dividends in Q2 2026. This represents an increase of 8.3% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
OneSpan Inc.'s gross margin was 73.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
OneSpan Inc.'s operating margin was 14.5% in Q2 2026, reflecting core business profitability. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.0 percentage points.
OneSpan Inc.'s net profit margin was 11.2% in Q2 2026, showing the share of revenue converted to profit. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.3 percentage points.
OneSpan Inc.'s ROE was 2.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.8 percentage points.
Capital Allocation
OneSpan Inc. invested $9.9M in research and development in Q2 2026. This represents an increase of 4.9% from the same quarter a year earlier. Against the prior quarter it is up 9.1%.
OneSpan Inc. spent $2.9M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 46.4%.
OneSpan Inc. invested $3.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 71.1% from the same quarter a year earlier. Against the prior quarter it is up 1.8%.
OSPN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60.5M+1.0% | $65.9M+4.1% | $62.9M+2.9% | $57.1M+1.4% | $59.8M-1.8% | $63.4M-2.3% | $61.2M-2.8% | $56.2M-4.4% |
| Cost of Revenue | $16.0M+0.7% | $17.4M+7.1% | $16.6M+4.7% | $15.1M+2.4% | $15.9M-22.9% | $16.3M-6.7% | $15.9M | $14.7M-19.1% |
| Gross Profit | $44.5M+1.2% | $48.5M+3.0% | $46.3M+2.2% | $42.0M+1.1% | $44.0M+9.0% | $47.1M-0.6% | $45.3M+4.2% | $41.5M+2.2% |
| R&D Expenses | $9.9M+4.9% | $9.1M+14.5% | $8.0M-3.6% | $8.8M+16.8% | $9.4M+13.2% | $7.9M-4.0% | $8.3M | $7.5M-25.7% |
| SG&A Expenses | $12.0M+1.5% | $11.0M+14.8% | $12.2M-6.8% | $12.2M+7.1% | $11.8M+1.9% | $9.5M-4.6% | $13.1M | $11.3M-1.9% |
| Operating Income | $8.7M-16.8% | $14.8M-13.8% | $12.5M+6.1% | $8.2M-26.9% | $10.5M+37.6% | $17.2M+21.8% | $11.8M+549.8% | $11.3M+334.7% |
| EBITDA | $11.8M-9.0% | $17.9M-7.1% | $15.4M+9.4% | $10.8M-18.7% | $13.0M+35.0% | $19.3M+19.3% | $14.1M+274.3% | $13.2M+512.2% |
| Interest Expense | $154K | $19K | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $1.9M-16.8% | $2.8M-15.3% | -$31.0M-103.4% | $1.9M+12.1% | $2.2M+15.0% | $3.4M+225.0% | -$15.3M | $1.7M+505.0% |
| Net Income | $6.8M-18.7% | $11.6M-20.3% | $43.5M+51.3% | $6.5M-21.3% | $8.3M+27.3% | $14.5M+7.7% | $28.8M+6427.9% | $8.3M+300.2% |
| EPS (Basic) | $0.18-18.2% | $0.31-18.4% | $1.14+52.0% | $0.17-19.0% | $0.22+29.4% | $0.38+8.6% | $0.75+7400.0% | $0.21+310.0% |
| EPS (Diluted) | $0.18-14.3% | $0.30-18.9% | $1.12+53.4% | $0.17-19.0% | $0.21+23.5% | $0.37+5.7% | $0.73+7200.0% | $0.21+310.0% |
| Diluted Shares (Avg) | 38M-2.2% | 38M-2.5% | N/A | 39M-1.7% | 39M0.0% | 39M+1.5% | N/A | 39M-2.5% |
OSPN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $387.0M+8.4% | $383.1M+14.8% | $397.7M+17.4% | $343.5M+18.8% | $357.1M+24.5% | $333.8M+20.4% | $338.7M+17.1% | $289.3M+2.3% |
| Current Assets | $127.6M-24.7% | $122.9M-28.0% | $172.2M-1.5% | $157.5M+11.0% | $169.5M+17.8% | $170.6M+27.1% | $174.9M+19.5% | $141.9M-2.9% |
| Cash & Equivalents | $43.3M-53.3% | $49.8M-52.7% | $70.5M-15.2% | $85.6M+10.4% | $92.9M+45.5% | $105.2M+64.8% | $83.2M+93.4% | $77.5M+13.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $9.5M-16.9% | $9.1M-17.1% | $10.5M-3.0% | $11.2M-13.7% | $11.4M-8.5% | $11.0M-24.4% | $10.8M-30.6% | $13.0M-15.8% |
| Accounts Receivable | $40.4M+15.3% | $33.2M+12.3% | $56.0M-0.4% | $27.5M-4.7% | $35.1M-19.9% | $29.6M-8.6% | $56.2M-12.7% | $28.8M-25.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $127.8M+23.8% | $128.1M+36.0% | $103.8M+12.4% | $102.3M+6.4% | $103.3M+10.9% | $94.2M+1.2% | $92.4M-1.4% | $96.1M+5.2% |
| Total Liabilities | $113.5M-0.9% | $111.1M+8.2% | $125.9M-0.3% | $105.2M+11.1% | $114.6M+5.8% | $102.7M-3.4% | $126.2M-3.0% | $94.7M-10.1% |
| Current Liabilities | $96.2M+0.7% | $98.0M+12.6% | $114.6M+3.9% | $90.0M+11.9% | $95.6M+2.0% | $87.0M-5.6% | $110.3M-4.0% | $80.4M-11.9% |
| Non-Current Liabilities | $17.3M-8.9% | $13.1M-16.1% | $11.3M-29.1% | $15.2M+6.5% | $19.0M+30.4% | $15.7M+11.0% | $15.9M+4.7% | $14.2M+1.4% |
| Total Equity | $273.5M+12.8% | $272.0M+17.7% | $271.8M+27.9% | $238.3M+22.5% | $242.5M+35.8% | $231.1M+35.3% | $212.5M+33.5% | $194.6M+9.7% |
| Retained Earnings | $218.1M+28.8% | $216.4M+30.6% | $209.8M+38.7% | $170.9M+34.4% | $169.2M+42.3% | $165.7M+47.5% | $151.3M+52.9% | $127.2M+29.2% |
Not reported in any period shown, so not listed: Long-Term Debt.
OSPN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$103K-101.7% | $28.2M-4.1% | $12.6M+1.2% | $11.3M-19.2% | $6.2M+170.1% | $29.4M+8.9% | $12.4M+300.5% | $14.0M+287.7% |
| Depreciation & Amortization | $3.1M+23.8% | $3.1M+47.1% | $2.9M+28.1% | $2.5M+28.0% | $2.5M+25.2% | $2.1M+2.3% | $2.3M+16.5% | $2.0M+25.4% |
| Stock-Based Compensation | $3.4M-0.3% | $1.9M-32.4% | N/A | $3.4M+26.7% | $3.5M+80.9% | $2.8M+80.3% | N/A | $2.7M+41.7% |
| Capital Expenditures | $3.2M+71.1% | $3.1M+91.9% | $2.9M+49.1% | $2.5M+29.9% | $1.9M-18.4% | $1.6M-46.6% | $2.0M-42.8% | $2.0M-23.3% |
| Free Cash Flow | -$3.3M-175.2% | $25.1M-9.7% | $9.6M-7.9% | $8.8M-27.1% | $4.4M+16669.2% | $27.7M+16.0% | $10.5M+3121.4% | $12.0M+220.4% |
| Investing Cash Flow | -$3.2M+76.8% | -$37.8M-2195.1% | -$15.6M-686.7% | -$4.5M-127.6% | -$13.9M-509.4% | -$1.6M+46.6% | -$2.0M+43.1% | -$2.0M+23.2% |
| Financing Cash Flow | -$3.0M+52.0% | -$11.4M-92.3% | -$12.1M-401.5% | -$14.2M-1667.3% | -$6.3M-2549.6% | -$5.9M-229.5% | -$2.4M+90.8% | -$801K+81.4% |
| Dividends Paid | $4.8M+5.2% | $5.0M+8.7% | $4.6M | $4.7M | $4.6M | $4.6M | $0 | $0 |
| Share Buybacks | $2.9M | $5.4M | $6.8M+228066.7% | $6.3M | $0 | $0 | $3K-100.0% | N/A |
OSPN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6%+0.1pp | 73.6%-0.7pp | 73.6%-0.5pp | 73.6%-0.3pp | 73.5%+7.3pp | 74.3%+1.2pp | 74.0%+5.0pp | 73.9%+4.7pp |
| Operating Margin | 14.5%-3.1pp | 22.5%-4.6pp | 19.9%+0.6pp | 14.4%-5.6pp | 17.6%+5.0pp | 27.1%+5.4pp | 19.3%+16.4pp | 20.0%+28.2pp |
| Net Margin | 11.2%-2.7pp | 17.5%-5.3pp | 69.2%+22.2pp | 11.4%-3.3pp | 13.9%+3.2pp | 22.9%+2.1pp | 47.1%+46.4pp | 14.7%+21.7pp |
| Return on Equity | 2.5%-1.0pp | 4.3%-2.0pp | 16.0%+2.5pp | 2.7%-1.5pp | 3.4%-0.2pp | 6.3%-1.6pp | 13.6%+13.3pp | 4.3%+6.6pp |
| Return on Assets | 1.8%-0.6pp | 3.0%-1.3pp | 10.9%+2.4pp | 1.9%-1.0pp | 2.3%+0.1pp | 4.3%-0.5pp | 8.5%+8.3pp | 2.9%+4.3pp |
| Current Ratio | 1.33-0.4x | 1.25-0.7x | 1.50-0.1x | 1.750.0x | 1.77+0.2x | 1.96+0.5x | 1.59+0.3x | 1.76+0.2x |
| Debt-to-Equity | 0.42-0.1x | 0.410.0x | 0.46-0.1x | 0.440.0x | 0.47-0.1x | 0.44-0.2x | 0.59-0.2x | 0.49-0.1x |
| Asset Turnover | 0.160.0x | 0.170.0x | 0.160.0x | 0.170.0x | 0.170.0x | 0.190.0x | 0.180.0x | 0.190.0x |
| FCF Margin | -5.4%-12.7pp | 38.0%-5.8pp | 15.3%-1.8pp | 15.4%-6.0pp | 7.3%+7.3pp | 43.8%+6.9pp | 17.1%+17.6pp | 21.4%+38.4pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| OneSpan Inc. OSPN | FY2025 | $243.2M | $72.9M | 30.0% | $657.8M | 53/100 |
| Cognyte Software Ltd. CGNT | FY2025 | $400.0M | -$638K | -0.2% | $650.9M | 53/100 |
| Priority Technology Holdings, Inc. PRTH | FY2025 | $953.0M | $55.7M | 5.8% | $644.1M | 51/100 |
| Repay Holdings Corporation RPAY | FY2025 | $309.3M | -$256.7M | -83.0% | $320.8M | 40/100 |
| Consensus Cloud Solutions, Inc. CCSI | FY2025 | $349.7M | $84.5M | 24.2% | $672.7M | 64/100 |
| Backblaze, Inc. BLZE | FY2025 | $145.8M | -$25.6M | -17.6% | $785.5M | 65/100 |
Where OneSpan Inc. Ranks
Frequently Asked Questions
What is OneSpan Inc.'s annual revenue?
OneSpan Inc. (OSPN) reported $243.2M in total revenue for fiscal year 2025. That is unchanged from 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 was essentially unchanged year-over-year, at $243.2M in fiscal year 2025 against $243.2M the year before.
Is OneSpan Inc. profitable?
Yes, OneSpan Inc. (OSPN) reported a net income of $72.9M in fiscal year 2025, with a net profit margin of 30.0%.
What is OneSpan Inc.'s EBITDA?
OneSpan Inc. (OSPN) had EBITDA of $58.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is OneSpan Inc.'s gross margin?
OneSpan Inc. (OSPN) had a gross margin of 73.8% in fiscal year 2025, 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 19.9% in fiscal year 2025, 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 30.0% in fiscal year 2025, 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 2025.
What is OneSpan Inc.'s return on equity (ROE)?
OneSpan Inc. (OSPN) has a return on equity of 26.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is OneSpan Inc.'s free cash flow?
OneSpan Inc. (OSPN) generated $50.5M in free cash flow during fiscal year 2025. This represents a 8.8% 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 $59.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are OneSpan Inc.'s total assets?
OneSpan Inc. (OSPN) had $397.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are OneSpan Inc.'s capital expenditures?
OneSpan Inc. (OSPN) invested $9.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does OneSpan Inc. spend on research and development?
OneSpan Inc. (OSPN) invested $34.2M in research and development during fiscal year 2025.
What is OneSpan Inc.'s current ratio?
OneSpan Inc. (OSPN) had a current ratio of 1.50 as of fiscal year 2025, which is generally considered healthy.
What is OneSpan Inc.'s debt-to-equity ratio?
OneSpan Inc. (OSPN) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, 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 18.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is OneSpan Inc.'s P/E ratio?
OneSpan Inc. (OSPN) trades at 9.6x earnings, its market capitalization divided by net income of $68.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $657.8M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is OneSpan Inc.'s price-to-sales ratio?
OneSpan Inc. (OSPN) trades at 2.7x sales, its market capitalization divided by revenue of $246.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $657.8M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is OneSpan Inc.'s Altman Z-Score?
OneSpan Inc. (OSPN) has an Altman Z-Score of 5.06, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.82x, 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.