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Stocks · Technology · Services-Computer Integrated Systems Design

OneSpan Inc.

OSPN Clue Score76
United States Fiscal year ends December CIK 0001044777
$18.22 +1.17% Close, 9 Oct 2026
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Price $18.22 −5.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue192.3Operating income9.6Net income10.5EPS, diluted0.27Fiscal year 2017Revenue193.3 +0.5%Operating income6.2Net income−22.4 −313.0%EPS, diluted−0.56Fiscal year 2018Revenue211.3 +9.3%Operating income−0.9Net income3.0EPS, diluted0.08Fiscal year 2019Revenue253.5 +19.9%Operating income14.2Net income7.9 +158.3%EPS, diluted0.20Fiscal year 2020Revenue215.7 −14.9%Operating income−5.3Net income−5.5 −169.4%EPS, diluted−0.14Fiscal year 2021Revenue214.5 −0.6%Operating income−26.1Net income−30.6EPS, diluted−0.77Fiscal year 2022Revenue219.0 +2.1%Operating income−27.1Net income−14.4EPS, diluted−0.36Fiscal year 2023Revenue235.1 +7.4%Operating income−28.9Net income−29.8EPS, diluted−0.74Fiscal year 2024Revenue243.2 +3.4%Operating income44.8Net income57.1EPS, diluted1.46Fiscal year 2025Revenue243.2 +0.0%Operating income48.4Net income72.9 +27.7%EPS, diluted1.88
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 192.3 193.3 211.3 253.5 215.7 214.5 219.0 235.1 243.2 243.2
Growth +0.5% +9.3% +19.9% −14.9% −0.6% +2.1% +7.4% +3.4% +0.0%
Operating income 9.6 6.2 −0.9 14.2 −5.3 −26.1 −27.1 −28.9 44.8 48.4
Net income 10.5 −22.4 3.0 7.9 −5.5 −30.6 −14.4 −29.8 57.1 72.9
Growth −313.0% +158.3% −169.4% +27.7%
EPS, diluted 0.27 −0.56 0.08 0.20 −0.14 −0.77 −0.36 −0.74 1.46 1.88

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin67.9%Operating margin5.0%Net margin5.5%Free cash flow margin13.7%Fiscal year 2017Gross margin69.6%Operating margin3.2%Net margin−11.6%Free cash flow margin7.5%Fiscal year 2018Gross margin69.3%Operating margin−0.4%Net margin1.4%Free cash flow margin−1.2%Fiscal year 2019Gross margin66.2%Operating margin5.6%Net margin3.1%Free cash flow margin4.3%Fiscal year 2020Gross margin68.6%Operating margin−2.4%Net margin−2.5%Free cash flow margin5.5%Fiscal year 2021Gross margin66.6%Operating margin−12.2%Net margin−14.3%Free cash flow margin−2.3%Fiscal year 2022Gross margin67.8%Operating margin−12.4%Net margin−6.6%Free cash flow margin−4.9%Fiscal year 2023Gross margin67.1%Operating margin−12.3%Net margin−12.7%Free cash flow margin−9.9%Fiscal year 2024Gross margin71.8%Operating margin18.4%Net margin23.5%Free cash flow margin19.1%Fiscal year 2025Gross margin73.8%Operating margin19.9%Net margin30.0%Free cash flow margin20.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 67.9% 69.6% 69.3% 66.2% 68.6% 66.6% 67.8% 67.1% 71.8% 73.8%
Operating margin 5.0% 3.2% −0.4% 5.6% −2.4% −12.2% −12.4% −12.3% 18.4% 19.9%
Net margin 5.5% −11.6% 1.4% 3.1% −2.5% −14.3% −6.6% −12.7% 23.5% 30.0%
Free cash flow margin 13.7% 7.5% −1.2% 4.3% 5.5% −2.3% −4.9% −9.9% 19.1% 20.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow28.4Capital expenditure−2.0Free cash flow26.4Fiscal year 2017Operating cash flow17.6Capital expenditure−3.1Free cash flow14.5 −44.9%Fiscal year 2018Operating cash flow1.2Capital expenditure−3.7Free cash flow−2.5 −116.9%Fiscal year 2019Operating cash flow18.2Capital expenditure−7.5Free cash flow10.8Fiscal year 2020Operating cash flow14.9Capital expenditure−3.1Free cash flow11.8 +9.5%Buybacks−5.0Fiscal year 2021Operating cash flow−2.7Capital expenditure−2.2Free cash flow−4.9 −141.6%Buybacks−7.5Fiscal year 2022Operating cash flow−5.8Capital expenditure−5.0Free cash flow−10.8Buybacks−5.7Fiscal year 2023Operating cash flow−10.7Capital expenditure−12.5Free cash flow−23.2Buybacks−29.2Dividends paid0.0Fiscal year 2024Operating cash flow55.7Capital expenditure−9.2Free cash flow46.4Buybacks−0.0Dividends paid0.0Fiscal year 2025Operating cash flow59.5Capital expenditure−9.0Free cash flow50.5 +8.8%Buybacks−13.1Dividends paid−18.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 28.4 17.6 1.2 18.2 14.9 −2.7 −5.8 −10.7 55.7 59.5
Capital expenditure −2.0 −3.1 −3.7 −7.5 −3.1 −2.2 −5.0 −12.5 −9.2 −9.0
Free cash flow 26.4 14.5 −2.5 10.8 11.8 −4.9 −10.8 −23.2 46.4 50.5
Growth −44.9% −116.9% +9.5% −141.6% +8.8%
Buybacks n/a n/a n/a n/a −5.0 −7.5 −5.7 −29.2 −0.0 −13.1
Dividends paid n/a n/a n/a n/a n/a n/a n/a 0.0 0.0 −18.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash49.3Shareholders’ equity253.2Fiscal year 2017Cash78.7Shareholders’ equity237.9Fiscal year 2018Cash76.7Shareholders’ equity251.6Fiscal year 2019Cash84.3Shareholders’ equity262.3Fiscal year 2020Cash88.4Shareholders’ equity257.3Fiscal year 2021Cash63.4Shareholders’ equity219.8Fiscal year 2022Cash96.2Shareholders’ equity203.3Fiscal year 2023Cash43.0Shareholders’ equity159.1Fiscal year 2024Cash83.2Shareholders’ equity212.5Fiscal year 2025Cash70.5Shareholders’ equity271.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 49.3 78.7 76.7 84.3 88.4 63.4 96.2 43.0 83.2 70.5
Shareholders’ equity 253.2 237.9 251.6 262.3 257.3 219.8 203.3 159.1 212.5 271.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
67.9% 69.6% 69.3% 66.2% 68.6% 66.6% 67.8% 67.1% 71.8% 73.8%
5.0% 3.2% −0.4% 5.6% −2.4% −12.2% −12.4% −12.3% 18.4% 19.9%
5.9% 4.3% 1.2% 5.7% −1.6% −12.2% −5.3% −11.6% 19.1% 20.3%
5.5% −11.6% 1.4% 3.1% −2.5% −14.3% −6.6% −12.7% 23.5% 30.0%
13.7% 7.5% −1.2% 4.3% 5.5% −2.3% −4.9% −9.9% 19.1% 20.8%
Spending
12.1% 12.0% 15.2% 16.8% 19.1% 22.1% 19.1% 16.3% 13.3% 14.0%
16.5% 19.3% 19.7% 17.3% 21.5% 24.7% 25.4% 24.8% 18.9% 18.8%
1.1% 1.6% 1.7% 2.9% 1.4% 1.0% 2.3% 5.3% 3.8% 3.7%
7.6% 367.3% −16.7% 45.4% n/a n/a n/a n/a −22.8% −47.7%
Returns
4.2% −9.4% 1.2% 3.0% −2.1% −13.9% −7.1% −18.7% 26.9% 26.8%
3.2% −6.6% 0.9% 2.1% −1.5% −8.9% −4.3% −10.3% 16.9% 18.3%
Balance and payout
22.6% 29.5% 28.5% 31.4% 31.4% 35.8% 39.3% 45.0% 37.3% 31.6%
n/a n/a n/a n/a n/a n/a n/a n/a 0.0% 25.3%
n/a n/a n/a n/a 42.6% n/a n/a n/a 0.0% 62.6%