OneSpan Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $243.2M | $243.2M | $235.1M | $219.0M | $214.5M |
| Cost of revenue | $63.8M | $68.6M | $77.4M | $70.4M | $71.5M |
| Gross profit | $179.4M | $174.6M | $157.7M | $148.6M | $142.9M |
| Research and development | $34.2M | $32.4M | $38.4M | $41.7M | $47.4M |
| Operating expenses | $130.9M | $129.8M | $186.6M | $175.7M | $169.1M |
| Operating income | $48.4M | $44.8M | -$28.9M | -$27.1M | -$26.1M |
| Pretax income | $49.4M | $46.5M | -$27.3M | -$11.7M | -$26.1M |
| Income tax expense | -$23.5M | -$10.6M | $2.5M | $2.7M | $4.4M |
| Net income | $72.9M | $57.1M | -$29.8M | -$14.4M | -$30.6M |
| Balance Sheet | |||||
| Cash and equivalents | $70.5M | $83.2M | $43.0M | $96.2M | $63.4M |
| Current assets | $172.2M | $174.9M | $146.3M | $198.4M | $187.1M |
| Total assets | $397.7M | $338.7M | $289.2M | $335.1M | $342.3M |
| Current liabilities | $114.6M | $110.3M | $114.8M | $110.8M | $89.1M |
| Total liabilities | $125.9M | $126.2M | $130.1M | $131.8M | $122.5M |
| Stockholders' equity | $271.8M | $212.5M | $159.1M | $203.3M | $219.8M |
| Cash Flow Statement | |||||
| Cash from operations | $59.5M | $55.7M | -$10.7M | -$5.8M | -$2.7M |
| Depreciation and amortization | $10.1M | $8.4M | $6.5M | $7.1M | $8.9M |
| Stock-based compensation | $11.2M | $9.0M | $14.3M | $8.6M | $4.4M |
| Capital expenditure | $9.0M | $9.2M | $12.5M | $5.0M | $2.2M |
| Free cash flow | $50.5M | $46.4M | -$23.2M | -$10.8M | -$4.9M |
| Dividends paid | $18.5M | $0 | $0 | — | — |
| Share repurchases | $13.1M | $3,000 | $29.2M | $5.7M | $7.5M |
| Impairments | $0 | $0 | $0 | $3.8M | $0 |
Shares outstanding 37.1M · Free float 81.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.