This page shows Onespan Inc (OSPN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Onespan Inc has an operating margin of 19.9%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. 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 33/100.
Onespan Inc carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Onespan Inc's current ratio of 1.50 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.
Onespan Inc converts 20.8% of revenue into free cash flow ($50.5M). This strong cash generation earns a score of 77/100.
Onespan Inc earns a strong 26.8% 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 71/100. This is down from 26.9% the prior year.
Onespan Inc scores 3.84, well above the 2.99 safe threshold. 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 $0.82 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 $243.2M in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Onespan Inc's EBITDA was $58.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.1% from the prior year.
Onespan Inc reported $72.9M in net income in fiscal year 2025. This represents an increase of 27.7% from the prior year.
Onespan Inc earned $1.88 per diluted share (EPS) in fiscal year 2025. This represents an increase of 28.8% from the prior year.
Cash & Balance Sheet
Onespan Inc generated $50.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.8% from the prior year.
Onespan Inc held $70.5M in cash against $0 in long-term debt as of fiscal year 2025.
Onespan Inc paid $0.12 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Onespan Inc had 37M shares outstanding in fiscal year 2025. This represents a decrease of 1.8% from the prior year.
Margins & Returns
Onespan Inc's gross margin was 73.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Onespan Inc's operating margin was 19.9% in fiscal year 2025, reflecting core business profitability. This is up 1.5 percentage points from the prior year.
Onespan Inc's net profit margin was 30.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.5 percentage points from the prior year.
Onespan Inc's ROE was 26.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.0 percentage points from the prior year.
Capital Allocation
Onespan Inc invested $34.2M in research and development in fiscal year 2025. This represents an increase of 5.3% from the prior year.
Onespan Inc spent $13.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 437966.7% from the prior year.
Onespan Inc invested $9.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.1% from the prior year.
OSPN Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.9M+10.3% | $57.1M-4.7% | $59.8M-5.6% | $63.4M+3.6% | $61.2M+8.8% | $56.2M-7.7% | $60.9M-6.0% | $64.8M |
| Cost of Revenue | $16.6M+10.4% | $15.1M-5.2% | $15.9M-2.5% | $16.3M+2.5% | $15.9M+8.1% | $14.7M-28.6% | $20.6M+18.0% | $17.4M |
| Gross Profit | $46.3M+10.2% | $42.0M-4.5% | $44.0M-6.6% | $47.1M+4.0% | $45.3M+9.0% | $41.5M+3.0% | $40.3M-14.9% | $47.4M |
| R&D Expenses | $8.0M-9.2% | $8.8M-6.9% | $9.4M+19.1% | $7.9M-4.4% | $8.3M+10.0% | $7.5M-9.7% | $8.3M+1.0% | $8.3M |
| SG&A Expenses | $12.2M+0.5% | $12.2M+3.2% | $11.8M+23.4% | $9.5M-27.1% | $13.1M+15.5% | $11.3M-1.9% | $11.6M+15.5% | $10.0M |
| Operating Income | $12.5M+52.3% | $8.2M-21.7% | $10.5M-38.9% | $17.2M+45.5% | $11.8M+4.9% | $11.3M+47.3% | $7.6M-45.9% | $14.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$31.0M-1738.8% | $1.9M-15.0% | $2.2M-33.7% | $3.4M+122.0% | -$15.3M-1003.6% | $1.7M-12.8% | $1.9M+87.2% | $1.0M |
| Net Income | $43.5M+568.5% | $6.5M-21.9% | $8.3M-42.5% | $14.5M-49.6% | $28.8M+248.0% | $8.3M+26.2% | $6.6M-51.3% | $13.5M |
| EPS (Diluted) | N/A | $0.17-19.0% | $0.21-43.2% | $0.37 | N/A | $0.21+23.5% | $0.17-51.4% | $0.35 |
OSPN Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $397.7M+15.8% | $343.5M-3.8% | $357.1M+7.0% | $333.8M-1.5% | $338.7M+17.1% | $289.3M+0.8% | $286.9M+3.5% | $277.1M |
| Current Assets | $172.2M+9.3% | $157.5M-7.1% | $169.5M-0.6% | $170.6M-2.5% | $174.9M+23.3% | $141.9M-1.4% | $143.9M+7.2% | $134.2M |
| Cash & Equivalents | $70.5M-17.6% | $85.6M-7.9% | $92.9M-11.7% | $105.2M+26.5% | $83.2M+7.3% | $77.5M+21.4% | $63.8M0.0% | $63.9M |
| Inventory | $10.5M-6.9% | $11.2M-1.8% | $11.4M+3.8% | $11.0M+2.2% | $10.8M-17.1% | $13.0M+4.1% | $12.5M-14.3% | $14.6M |
| Accounts Receivable | $56.0M+103.8% | $27.5M-21.6% | $35.1M+18.5% | $29.6M-47.4% | $56.2M+95.0% | $28.8M-34.2% | $43.8M+35.3% | $32.4M |
| Goodwill | $103.8M+1.5% | $102.3M-0.9% | $103.3M+9.6% | $94.2M+2.0% | $92.4M-3.9% | $96.1M+3.3% | $93.1M0.0% | $93.1M |
| Total Liabilities | $125.9M+19.6% | $105.2M-8.2% | $114.6M+11.6% | $102.7M-18.6% | $126.2M+33.3% | $94.7M-12.6% | $108.3M+1.9% | $106.3M |
| Current Liabilities | $114.6M+27.3% | $90.0M-5.8% | $95.6M+9.8% | $87.0M-21.1% | $110.3M+37.1% | $80.4M-14.2% | $93.7M+1.7% | $92.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $271.8M+14.1% | $238.3M-1.7% | $242.5M+4.9% | $231.1M+8.7% | $212.5M+9.2% | $194.6M+9.0% | $178.6M+4.5% | $170.9M |
| Retained Earnings | $209.8M+22.7% | $170.9M+1.0% | $169.2M+2.1% | $165.7M+9.6% | $151.3M+18.9% | $127.2M+7.0% | $119.0M+5.8% | $112.4M |
OSPN Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.6M+11.2% | $11.3M+81.8% | $6.2M-78.8% | $29.4M+136.3% | $12.4M-11.1% | $14.0M+507.3% | $2.3M-91.5% | $27.0M |
| Capital Expenditures | $2.9M+16.0% | $2.5M+36.5% | $1.9M+14.2% | $1.6M-17.5% | $2.0M+1.0% | $2.0M-14.2% | $2.3M-25.3% | $3.0M |
| Free Cash Flow | $9.6M+9.8% | $8.8M+101.1% | $4.4M-84.3% | $27.7M+165.4% | $10.5M-13.1% | $12.0M+46157.7% | $26K-99.9% | $23.9M |
| Investing Cash Flow | -$15.6M-247.9% | -$4.5M+67.8% | -$13.9M-744.7% | -$1.6M+16.9% | -$2.0M-0.7% | -$2.0M+13.8% | -$2.3M+26.0% | -$3.1M |
| Financing Cash Flow | -$12.1M+14.5% | -$14.2M-126.4% | -$6.3M-5.7% | -$5.9M-145.2% | -$2.4M-201.1% | -$801K-239.4% | -$236K+86.9% | -$1.8M |
| Dividends Paid | $4.6M-2.1% | $4.7M+1.6% | $4.6M+0.5% | $4.6M | $0 | $0 | $0 | $0 |
| Share Buybacks | $6.8M | N/A | N/A | N/A | $3K | N/A | N/A | N/A |
OSPN Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6%-0.0pp | 73.6%+0.1pp | 73.5%-0.8pp | 74.3%+0.3pp | 74.0%+0.2pp | 73.9%+7.7pp | 66.2%-6.9pp | 73.1% |
| Operating Margin | 19.9%+5.5pp | 14.4%-3.1pp | 17.6%-9.6pp | 27.1%+7.8pp | 19.3%-0.7pp | 20.0%+7.5pp | 12.5%-9.2pp | 21.8% |
| Net Margin | 69.2%+57.8pp | 11.4%-2.5pp | 13.9%-8.9pp | 22.9%-24.2pp | 47.1%+32.4pp | 14.7%+4.0pp | 10.8%-10.0pp | 20.8% |
| Return on Equity | 16.0%+13.3pp | 2.7%-0.7pp | 3.4%-2.8pp | 6.3%-7.3pp | 13.6%+9.3pp | 4.3%+0.6pp | 3.7%-4.2pp | 7.9% |
| Return on Assets | 10.9%+9.0pp | 1.9%-0.4pp | 2.3%-2.0pp | 4.3%-4.2pp | 8.5%+5.6pp | 2.9%+0.6pp | 2.3%-2.6pp | 4.9% |
| Current Ratio | 1.50-0.2 | 1.75-0.0 | 1.77-0.2 | 1.96+0.4 | 1.59-0.2 | 1.76+0.2 | 1.54+0.1 | 1.46 |
| Debt-to-Equity | 0.46+0.0 | 0.44-0.0 | 0.47+0.0 | 0.44-0.1 | 0.59+0.1 | 0.49-0.1 | 0.61-0.0 | 0.62 |
| FCF Margin | 15.3%-0.1pp | 15.4%+8.1pp | 7.3%-36.5pp | 43.8%+26.7pp | 17.1%-4.3pp | 21.4%+21.3pp | 0.0%-36.8pp | 36.9% |
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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 2025. This represents a 0.0% 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 0% year-over-year, from $243.2M to $243.2M in fiscal year 2025.
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 Altman Z-Score?
Onespan Inc (OSPN) has an Altman Z-Score of 3.84, 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 0.82x, 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 61 out of 100 on our Financial Profile, indicating moderate 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.