Saturday 17 October 2026 Export OSPN’s income statement to Excel — free account

ONESPAN INC

ONESPAN INC’s revenue for fiscal 2025 (year ended December 2025) was $243.2 million, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 1.04%, EPS fell 18.2%, free cash flow fell 176.0% and total debt rose 3.43%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

17.48 0.39 −2.18%

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Market cap: $658.6M
P/E: 9.7×
Fwd P/E: 14.7×
Dividend yield: 2.92%
F-score: 6/9
Altman Z: 4.26
Beneish M: −2.23
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.66

Total sells 0.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	2	—	—	—	1	—	—	—	—	—	—	—
Sell	—	1	—	—	1	—	—	1	—	—	—	—

Insider Ownership 2.96%

Capital & Financial Ratios $m

Market Cap 658.55

Revenue 246.38

Net Income 68.40

Free Cash Flow 39.96

Net Debt (37.45)

Current Ratio 1.33

Debt/Equity 0.02

P/E ratio 9.66

Fwd P/E 14.70

P/S ratio 2.64

P/B ratio 2.38

Past 5Y EPS Growth —

This Y EPS Growth (16.51%)

Next Y EPS Growth 4.82%

Next Y revenue growth 2.89%

Next 5Y EPS Growth (0.22%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 17.27%

10-year low 10-year high

P/S against its own 10 years 44.71%

10-year low 10-year high

P/B against its own 10 years 35.75%

10-year low 10-year high

EV/Sales against its own 10 years 65.50%

10-year low 10-year high

EV/FCF against its own 10 years 46.43%

10-year low 10-year high

Dividends

Payout Ratio 0.29

Annual Dividend Rate 0.51

Annual Dividend Yield 2.92%

	total	individual payouts
2026	0.39	0.13 0.13 0.13
2025	0.48	0.12 0.12 0.12 0.12
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	44	83	70	43
Receivables	64	56	56	40
Inventory	16	11	10	10
Other	16	18	28	26
	146	175	172	128

	2023	2024	2025	Q'26
Payables	17	13	14	11
ST’ Debt	—	4	3	1
Other	—	—	—	—
	115	110	115	96

Compound Annual Growth %

	10y	5y	3y
Sales	0.07%	2.43%	3.55%
Cash Flow	(1.45%)	31.85%	0.00%
Earnings	5.63%	0.00%	0.00%
Book Value	0.92%	1.10%	10.17%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	66	60	—	—	—
’25	63	60	57	63	243
’24	65	61	56	61	243
’23	58	56	59	63	235
’22	52	53	57	57	219
’21	51	52	52	59	214
’20	56	55	51	53	216

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	28	0	—	—	—
’25	29	6	11	13	59
’24	27	2	14	12	56
’23	13	(20)	(7)	3	(11)
’22	4	(15)	(2)	8	(6)
’21	4	(2)	(6)	2	(3)
’20	(2)	7	3	7	15

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	25	(3)	—	—	—
’25	28	4	9	10	50
’24	24	0	12	10	46
’23	10	(23)	(10)	0	(23)
’22	3	(16)	(4)	5	(11)
’21	3	(3)	(6)	1	(5)
’20	(4)	6	3	7	12

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.30	0.18	—	—	—
’25	0.37	0.21	0.17	1.13	1.88
’24	0.35	0.17	0.21	0.72	1.46
’23	(0.21)	(0.44)	(0.10)	0.01	(0.74)
’22	0.13	(0.23)	(0.18)	(0.08)	(0.36)
’21	(0.23)	(0.17)	(0.02)	(0.35)	(0.77)
’20	0.00	(0.05)	(0.04)	(0.04)	(0.14)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.35	11.05	11.41	12.40	10.88	15.59	8.15	7.64	9.22	11.00	Analyst estimates 2026–2028 Powerpack
	High	19.30	15.78	25.45	21.61	33.33	29.17	17.79	19.25	19.58	20.36
People
People	Employees	613	611	732	744	870	879	790	676	571	602
	Revenue/emp, $m	0.31	0.32	0.29	0.34	0.25	0.24	0.28	0.35	0.43	0.40
Income, $m
Income, $m	Revenue	192	193	211	253	216	214	219	235	243	243
	Gross margin, %	67.94	69.59	69.33	66.21	68.64	66.64	67.84	67.08	71.79	73.75
	EBT	11	8	3	14	(3)	(26)	(12)	(27)	46	49
	EBT margin, %	5.92	4.34	1.23	5.68	(1.59)	(12.19)	(5.34)	(11.62)	19.12	20.30
	Net income	11	(22)	3	8	(5)	(31)	(14)	(30)	57	73
	Depreciation	11	11	12	12	12	9	7	6	8	10
Per share, $
Per share, $	Revenue	4.84	4.86	5.29	6.33	5.39	5.41	5.46	5.85	6.33	6.36
	Earnings	0.26	(0.56)	0.08	0.22	(0.14)	(0.77)	(0.36)	(0.74)	1.49	1.91
	Cash flow	0.72	0.44	0.03	0.46	0.37	(0.07)	(0.14)	(0.27)	1.45	1.56
	Capex	(0.05)	(0.08)	(0.09)	(0.19)	(0.08)	(0.06)	(0.13)	(0.31)	(0.24)	(0.24)
	Free cash flow	0.66	0.37	(0.06)	0.27	0.29	(0.12)	(0.27)	(0.58)	1.21	1.32
	Book value	6.37	5.98	6.32	6.55	6.43	5.55	5.06	3.96	5.54	7.11
	Shares, m	40	40	40	40	40	40	40	40	38	38
Valuation, ×
Valuation, ×	P/E	51.85	0.00	187.14	74.43	0.00	0.00	0.00	0.00	12.61	6.69
	P/S	2.89	2.90	2.45	2.70	3.84	3.13	2.13	1.81	2.93	2.02
	P/B	2.20	2.36	2.05	2.61	3.22	3.05	2.29	2.67	3.35	1.80
	EV/Sales	2.14	2.08	1.98	2.33	3.37	2.73	1.72	1.65	2.62	1.76
	EV/FCF	15.69	27.95	(161.62)	55.30	62.81	(118.17)	(34.93)	(16.71)	13.77	8.50
Cash, $m
Cash, $m	Operating cash flow	28	18	1	18	15	(3)	(6)	(11)	56	59
	Capex	(2)	(3)	(4)	(7)	(3)	(2)	(5)	(13)	(9)	(9)
	Free cash flow	26	15	(2)	11	12	(5)	(11)	(23)	46	50
Balance, $m
Balance, $m	Working capital	139	162	120	136	132	98	88	32	65	58
	Total debt	—	—	—	3	3	2	2	—	4	3
	Net debt	(144)	(158)	(99)	(107)	(112)	(96)	(97)	(44)	(79)	(67)
	Shareholders’ equity	253	238	252	262	257	220	203	159	213	272
Returns, %
Returns, %	ROA	3.29	(6.74)	0.88	2.14	(1.44)	(8.53)	(4.26)	(9.55)	18.18	19.80
	ROIC	5.51	4.87	(0.38)	5.72	(2.27)	(13.19)	(16.01)	(15.61)	20.93	14.81
	ROE	4.20	(9.12)	1.24	3.06	(2.10)	(12.82)	(6.82)	(16.44)	30.72	30.10

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AEVA Aeva Technologies, Inc.	$766.4M	— (loss-making)	— (loss-making)	+11.34% (above 0%: growing)	n/m	−0.52% (below 0%: shrinking)	35.67%	(563.23%)	Compare
HQ Horizon Quantum Holdings Ltd.	$752.4M	— (loss-making)	—	—	n/m	−372.27% (below 0%: shrinking)	100.00%	0.00%	Compare
SABR Sabre Corporation	$722.4M	0.9×	— (loss-making)	+3.61% (above 0%: growing)	n/m	+104.05% (above 0%: growing)	32.37%	13.03%	Compare
YEXT Yext	$705.7M	30.1×	11.1×	−1.76% (below 0%: shrinking)	−40.91% (below 0%: shrinking)	−1.86% (below 0%: shrinking)	75.46%	15.81%	Compare
CCSI Consensus Cloud Solutions, Inc.	$679.1M	7.0×	6.6×	+4.15% (above 0%: growing)	+39.25% (above 0%: growing)	+25.12% (above 0%: growing)	79.98%	40.31%	Compare
OSPN ONESPAN INC	$658.6M	9.7×	14.7×	+1.04% (above 0%: growing)	−18.18% (below 0%: shrinking)	−175.97% (below 0%: shrinking)	73.57%	14.46%
CGNT Cognyte Software Ltd.	$651.3M	— (loss-making)	56.2×	+12.02% (above 0%: growing)	+200.00% (above 0%: growing)	+83.55% (above 0%: growing)	72.90%	4.27%	Compare
PRTH Priority Technology Holdings, Inc.	$644.9M	11.3×	9.9×	+9.36% (above 0%: growing)	−14.29% (below 0%: shrinking)	+164.51% (above 0%: growing)	38.09%	12.60%	Compare
BLZE Backblaze, Inc.	$613.4M	— (loss-making)	— (loss-making)	+17.67% (above 0%: growing)	n/m	+819.13% (above 0%: growing)	62.82%	(9.77%)	Compare
Median of peers	$692.4M	9.2×	10.5×	+9.36%	+12.48%	+54.34%	67.86%	8.44%

All 173 Software Infrastructure stocks →

ONESPAN INC (OSPN) key facts

ONESPAN INC (OSPN) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
ONESPAN INC’s revenue for fiscal 2025 (year ended December 2025) was $243.2 million, roughly unchanged from fiscal 2024.
As of October 16, 2026, OSPN traded at $17.48, a market capitalization of $658.6 million.
ONESPAN INC pays an annual dividend of $0.51 per share, a yield of 2.92%, with a payout ratio of 28.7%.
Return on equity was 30.1% and debt-to-equity 0.02.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.26 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.