OneSpan Inc. (OSPN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 65.95M | 62.91M | 57.06M | 59.84M | 63.37M | 61.17M | 56.24M | 60.92M | 64.84M | 62.93M | 58.84M | 55.73M | 57.61M | 56.62M | 57.15M | 52.79M | 52.45M | 59.15M | 52.28M | 52.28M |
| Revenue Growth % | 4.07% | 2.85% | 1.45% | -1.77% | -2.28% | -2.79% | -4.41% | 9.31% | 12.56% | 11.14% | 2.96% | 5.57% | 9.84% | -4.28% | 9.32% | 0.98% | 3.29% | 11.76% | 1.63% | -4.87% |
| Cost of Goods Sold | 17.43M | 24.07M | 15.05M | 15.88M | 16.27M | 15.88M | 14.69M | 20.58M | 17.45M | 19.46M | 18.17M | 21.44M | 18.32M | 18.67M | 18.72M | 17.28M | 15.77M | 24.9M | 15.88M | 17.45M |
| COGS % of Revenue | 26.43% | 38.26% | 26.38% | 26.53% | 25.68% | 25.96% | 26.13% | 33.78% | 26.91% | 30.93% | 30.88% | 38.47% | 31.8% | 32.97% | 32.75% | 32.74% | 30.07% | 42.09% | 30.38% | 33.37% |
| Gross Profit | 48.51M | 38.84M | 42M | 43.97M | 47.09M | 45.29M | 41.55M | 40.34M | 47.4M | 43.47M | 40.67M | 34.29M | 39.29M | 37.95M | 38.43M | 35.51M | 36.68M | 34.26M | 36.4M | 34.83M |
| Gross Margin % | 73.57% | 61.74% | 73.62% | 73.47% | 74.32% | 74.04% | 73.87% | 66.22% | 73.09% | 69.07% | 69.12% | 61.53% | 68.2% | 67.03% | 67.25% | 67.26% | 69.93% | 57.91% | 69.62% | 66.63% |
| Gross Profit Growth % | 3.02% | -14.24% | 1.1% | 8.99% | -0.64% | 4.2% | 2.16% | 17.63% | 20.64% | 14.52% | 5.82% | -3.41% | 7.11% | 10.8% | 5.59% | 1.94% | 7.11% | -12.75% | 1.21% | -5.17% |
| Operating Expenses | 32.72M | 24.68M | 33.78M | 33.46M | 29.91M | 33.49M | 30.3M | 32.7M | 33.28M | 41.65M | 45.46M | 52.06M | 47.42M | 41.96M | 44.06M | 43.74M | 45.92M | 40.21M | 38.41M | 43.69M |
| OpEx % of Revenue | 49.61% | 39.23% | 59.2% | 55.91% | 47.2% | 54.74% | 53.87% | 53.68% | 51.33% | 66.19% | 77.27% | 93.41% | 82.31% | 74.11% | 77.09% | 82.86% | 87.56% | 67.98% | 73.48% | 83.57% |
| Selling, General & Admin | 23.64M | 24.81M | 23.54M | 23.28M | 21M | 24.07M | 21.48M | 22.07M | 22.93M | 28.08M | 28.22M | 35.54M | 36.66M | 31.76M | 27.08M | 27.88M | 29.78M | 27.11M | 25.66M | 30.06M |
| SG&A % of Revenue | 35.84% | 39.44% | 41.26% | 38.91% | 33.15% | 39.35% | 38.19% | 36.22% | 35.37% | 44.62% | 47.97% | 63.77% | 63.64% | 56.09% | 47.38% | 52.81% | 56.79% | 45.84% | 49.08% | 57.5% |
| Research & Development | 9.08M | 7.99M | 8.8M | 9.44M | 7.93M | 8.29M | 7.53M | 8.34M | 8.26M | 8.73M | 10.13M | 10.09M | 9.46M | 8.14M | 9.54M | 11.96M | 12.1M | 11.71M | 11.36M | 12.1M |
| R&D % of Revenue | 13.77% | 12.7% | 15.42% | 15.78% | 12.51% | 13.55% | 13.39% | 13.69% | 12.74% | 13.88% | 17.22% | 18.1% | 16.43% | 14.37% | 16.7% | 22.65% | 23.06% | 19.8% | 21.73% | 23.14% |
| Other Operating Expenses | 0 | -1000K | 1000K | 733K | 977K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 14.82M | 14.16M | 8.23M | 10.51M | 17.18M | 11.81M | 11.25M | 7.64M | 14.11M | 1.82M | -4.79M | -17.76M | -8.13M | -4.01M | -5.63M | -8.24M | -9.24M | -5.96M | -2.02M | -8.86M |
| Operating Margin % | 22.47% | 22.5% | 14.42% | 17.56% | 27.12% | 19.3% | 20.01% | 12.54% | 21.76% | 2.89% | -8.15% | -31.87% | -14.11% | -7.08% | -9.84% | -15.61% | -17.62% | -10.07% | -3.86% | -16.95% |
| Operating Income Growth % | -13.76% | 19.93% | -26.88% | 37.57% | 21.77% | 549.75% | 334.71% | 142.99% | 273.55% | 145.32% | 14.77% | -115.63% | 12.04% | 32.72% | -179.02% | 7.01% | 0.55% | -191.96% | 14.39% | -425.13% |
| EBITDA | 14.82M | 18.42M | 10.79M | 12.96M | 19.31M | 14.08M | 13.19M | 9.7M | 16.19M | 3.77M | -3.1M | -16.25M | -6.81M | -2.63M | -3.98M | -6.29M | -7.15M | -3.79M | 162K | -6.59M |
| EBITDA Margin % | 22.47% | 29.27% | 18.92% | 21.66% | 30.48% | 23.02% | 23.46% | 15.92% | 24.97% | 5.99% | -5.28% | -29.15% | -11.82% | -4.65% | -6.96% | -11.92% | -13.63% | -6.41% | 0.31% | -12.6% |
| EBITDA Growth % | -23.27% | 30.77% | -18.18% | 33.63% | 19.26% | 273.38% | 524.9% | 159.7% | 337.73% | 243.2% | 21.93% | -158.23% | 4.69% | 30.56% | -2554.94% | 4.48% | -2.32% | -593.24% | -78.14% | -573.54% |
| D&A (Non-Cash Add-back) | 0 | 4.26M | 2.57M | 2.46M | 2.13M | 2.28M | 1.94M | 2.06M | 2.08M | 1.96M | 1.69M | 1.52M | 1.32M | 1.38M | 1.65M | 1.95M | 2.1M | 2.17M | 2.18M | 2.27M |
| EBIT | 0 | 12.52M | 8.41M | 10.55M | 17.6M | 13.54M | 11.95M | 9.35M | 15.61M | 6.05M | 1.73M | -11.92M | -7.42M | -2.53M | 856K | -5.55M | -6.58M | -5.96M | -2.02M | -8.86M |
| Net Interest Income | 0 | 173K | 0 | 732K | 692K | 561K | 624K | 521K | 101K | 415K | 587K | 585K | 503K | 398K | 179K | 35K | -17K | -3K | -4K | 2K |
| Interest Income | 0 | 173K | 0 | 732K | 692K | 561K | 624K | 521K | 101K | 415K | 587K | 585K | 503K | 398K | 179K | 35K | 0 | 0 | 0 | 2K |
| Interest Expense | -19K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17K | 3K | 4K | 0 |
| Other Income/Expense | -405K | -1.64M | 180K | 63K | 683K | 1.73M | -1.29M | 852K | 392K | -459K | 940K | 614K | 463K | 1.41M | -976K | -640K | 15.63M | -967K | 279K | 1.03M |
| Pretax Income | 14.41M | 12.52M | 8.41M | 10.57M | 17.86M | 13.54M | 9.96M | 8.49M | 14.5M | 1.36M | -3.85M | -17.15M | -7.67M | -2.6M | -6.6M | -8.88M | 6.39M | -6.93M | -1.74M | -7.83M |
| Pretax Margin % | 21.85% | 19.9% | 14.73% | 17.66% | 28.19% | 22.13% | 17.71% | 13.93% | 22.36% | 2.16% | -6.55% | -30.77% | -13.31% | -4.59% | -11.55% | -16.82% | 12.18% | -11.71% | -3.32% | -14.97% |
| Income Tax | 2.85M | -31.02M | 1.89M | 2.23M | 3.36M | -15.25M | 1.69M | 1.94M | 1.03M | 917K | 279K | 601K | 689K | 496K | 600K | 472K | 1.17M | 6.85M | -762K | -1.14M |
| Effective Tax Rate % | 19.75% | -247.76% | 22.52% | 21.07% | 18.81% | -112.69% | 16.95% | 22.81% | 7.13% | 67.53% | -7.24% | -3.5% | -8.99% | -19.07% | -9.09% | -5.32% | 18.37% | -98.86% | 43.87% | 14.6% |
| Net Income | 11.56M | 43.54M | 6.51M | 8.34M | 14.51M | 28.79M | 8.27M | 6.55M | 13.47M | 441K | -4.13M | -17.75M | -8.36M | -3.1M | -7.2M | -9.35M | 5.21M | -13.77M | -975K | -6.68M |
| Net Margin % | 17.54% | 69.21% | 11.42% | 13.94% | 22.89% | 47.06% | 14.71% | 10.76% | 20.77% | 0.7% | -7.02% | -31.85% | -14.51% | -5.47% | -12.6% | -17.71% | 9.94% | -23.28% | -1.87% | -12.79% |
| Net Income Growth % | -20.27% | 51.25% | -21.26% | 27.3% | 7.7% | 6427.89% | 300.17% | 136.92% | 261.18% | 114.24% | 42.61% | -89.85% | -260.26% | 77.51% | -638.56% | -39.87% | 156.98% | -684.34% | 41.9% | -230.12% |
| Net Income (Continuing) | 11.56M | 43.54M | 6.51M | 8.34M | 14.51M | 28.79M | 8.27M | 6.55M | 13.47M | 441K | -4.13M | -17.75M | -8.36M | -3.1M | -7.2M | -9.35M | 5.21M | -13.77M | -975K | -6.68M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.30 | 1.13 | 0.17 | 0.21 | 0.37 | 0.72 | 0.21 | 0.17 | 0.35 | 0.01 | -0.10 | -0.44 | -0.21 | -0.08 | -0.18 | -0.23 | 0.13 | -0.35 | -0.02 | -0.17 |
| EPS Growth % | -18.92% | 56.94% | -19.05% | 23.53% | 5.71% | 6445.45% | 310% | 138.64% | 266.67% | 114.18% | 44.44% | -91.3% | -261.54% | 77.83% | -631.71% | -35.29% | 156.52% | -697.27% | 41.29% | -235.97% |
| EPS (Basic) | 0.31 | 1.15 | 0.17 | 0.22 | 0.38 | 0.74 | 0.21 | 0.17 | 0.35 | 0.01 | -0.10 | -0.44 | -0.21 | -0.08 | -0.18 | -0.23 | 0.13 | -0.35 | -0.02 | -0.17 |
| Diluted Shares Outstanding | 38.07M | 38.47M | 38.77M | 39.01M | 39.03M | 39.89M | 39.46M | 39.01M | 38.46M | 40.09M | 40.45M | 40.4M | 40.06M | 39.91M | 39.72M | 40.16M | 39.69M | 39.46M | 39.63M | 39.69M |
| Basic Shares Outstanding | 37.61M | 37.9M | 38.14M | 38.2M | 38.11M | 38.84M | 38.7M | 38.53M | 38.06M | 39.72M | 40.45M | 40.4M | 40.06M | 39.91M | 39.72M | 40.16M | 39.58M | 39.28M | 39.63M | 39.32M |
| Dividend Payout Ratio | 43.11% | 10.52% | 71.88% | 55.25% | 31.62% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |