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OSPN Financials OneSpan Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.6% per year over the past 5 years.
  • Free cash flow has grown 33.7% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 1 consecutive year, consuming 25.3% of earnings and 36.6% of free cash flow.
Revenue & net income
-$31M $106M $243M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-13% 31% 74% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-19% 4% 27% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$23M $22M $67M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $53M $106M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$56M $6M $69M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $243M $73M 73.8% 19.9% 26.8% 18.3% $50M — $70M
2024 $243M $57M 71.8% 18.4% 26.9% 16.9% $46M — $83M
2023 $235M -$30M 67.1% -12.3% -18.7% -10.3% -$23M — $43M
2022 $219M -$14M 67.8% -12.4% -7.1% -4.3% -$11M — $96M
2021 — -$31M — — -13.9% -8.9% -$5M — $63M
2020 — -$5M — — -2.1% -1.5% $12M — $88M
2019 — $8M — — 3.0% 2.1% $11M — $84M
2018 — $3M — — 1.2% 0.9% -$2M — $77M
2017 — -$22M — — -9.4% -6.6% $15M — $79M
2016 — $11M — — 4.2% 3.2% $26M — $49M
2015 — $42M — — 17.0% 13.5% $67M — $79M
2014 — $33M — — 16.3% 13.3% — — $72M
2013 — $11M — — 6.4% 5.3% — — $99M
2012 — $16M — — 10.0% 8.4% — — $106M
2011 — $18M — — 13.4% 10.7% — — $84M

Valuation over time

How the market has priced OSPN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 6.5 12.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.9 3.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 2.4 4.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is OSPN growing its revenue and profit?

Over the past 5 years, OneSpan Inc.'s revenue has grown 3.6% per year. These are computed facts, not advice.

How much debt does OSPN have?

As of FY2025, OneSpan Inc. reported — of total debt against $70M of cash.

What is OSPN's profit margin?

In FY2025, gross margin was 73.8%, operating margin 19.9%, and net margin 30.0%.

What is OSPN's P/E ratio?

OneSpan Inc.'s P/E (TTM) is 13.53 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the OSPN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.