OneSpan (OSPN) Financials

$15.99 -0.12 (-0.74%)

Closing price 04:00 PM Eastern

Extended Trading

$15.99 0.00 (0.00%)

As of 06:19 PM Eastern

Annual Income Statements for OneSpan

This table shows OneSpan's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	57	-30	-14
Consolidated Net Income / (Loss)	57	-30	-14
Net Income / (Loss) Continuing Operations	57	-30	-14
Total Pre-Tax Income	46	-27	-12
Total Operating Income	45	-29	-27
Total Gross Profit	175	158	149
Total Revenue	243	235	219
Operating Revenue	243	235	219
Total Cost of Revenue	69	77	70
Operating Cost of Revenue	69	77	70
Total Operating Expenses	130	187	176
Selling, General & Admin Expense	46	58	56
Marketing Expense	45	70	61
Research & Development Expense	32	38	42
Amortization Expense	2.35	2.35	4.14
Restructuring Charge	4.44	17	13
Total Other Income / (Expense), net	1.68	1.56	15
Interest & Investment Income	1.81	2.09	0.60
Other Income / (Expense), net	-0.13	-0.53	15
Income Tax Expense	-11	2.49	2.74
Basic Earnings per Share	$1.49	($0.74)	($0.36)
Weighted Average Basic Shares Outstanding	38.39M	40.19M	40.14M
Diluted Earnings per Share	$1.46	($0.74)	($0.36)
Weighted Average Diluted Shares Outstanding	39.09M	40.19M	40.14M
Weighted Average Basic & Diluted Shares Outstanding	38.18M	37.79M	40.00M
Cash Dividends to Common per Share	$0.12	-	-

This table shows OneSpan's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	29	8.27	6.55	13	0.44	-4.13	-18	-8.36	-3.10	-7.20
Consolidated Net Income / (Loss)	29	8.27	6.55	13	0.44	-4.13	-18	-8.36	-3.10	-7.20
Net Income / (Loss) Continuing Operations	29	8.27	6.55	13	0.44	-4.13	-18	-8.36	-3.10	-7.20
Total Pre-Tax Income	14	9.96	8.49	15	1.36	-3.85	-17	-7.67	-2.60	-6.60
Total Operating Income	12	11	7.64	14	1.82	-4.79	-18	-8.13	-4.01	-5.63
Total Gross Profit	45	42	40	47	43	41	34	39	38	38
Total Revenue	61	56	61	65	63	59	56	58	57	57
Operating Revenue	61	56	61	65	63	59	56	58	57	57
Total Cost of Revenue	16	15	21	17	19	18	21	18	19	19
Operating Cost of Revenue	16	15	21	17	19	18	21	18	19	19
Total Operating Expenses	33	30	33	33	42	45	52	47	42	44
Selling, General & Admin Expense	13	11	12	10	14	12	16	17	16	12
Marketing Expense	11	10	11	13	14	17	20	20	16	15
Research & Development Expense	8.29	7.53	8.34	8.26	8.73	10	10	9.46	8.14	9.54
Amortization Expense	0.59	0.59	0.59	0.60	0.60	0.58	0.58	0.58	0.58	0.96
Restructuring Charge	0.54	0.70	1.71	1.50	4.24	6.52	5.85	0.71	1.48	6.48
Total Other Income / (Expense), net	1.73	-1.29	0.85	0.39	-0.46	0.94	0.61	0.46	1.41	-0.98
Interest & Investment Income	0.56	0.62	0.52	0.10	0.42	0.59	0.59	0.50	0.40	0.18
Other Income / (Expense), net	1.17	-1.92	0.33	0.29	-0.87	0.35	0.03	-0.04	1.01	-1.16
Income Tax Expense	-15	1.69	1.94	1.03	0.92	0.28	0.60	0.69	0.50	0.60
Basic Earnings per Share	$0.76	$0.21	$0.17	$0.35	$0.01	($0.10)	($0.44)	($0.21)	($0.08)	($0.18)
Weighted Average Basic Shares Outstanding	38.39M	38.70M	38.53M	38.06M	40.19M	40.45M	40.40M	40.06M	40.14M	39.72M
Diluted Earnings per Share	$0.73	$0.21	$0.17	$0.35	$0.01	($0.10)	($0.44)	($0.21)	($0.08)	($0.18)
Weighted Average Diluted Shares Outstanding	39.09M	39.46M	39.01M	38.46M	40.19M	40.45M	40.40M	40.06M	40.14M	39.72M
Weighted Average Basic & Diluted Shares Outstanding	38.18M	37.99M	37.87M	37.85M	37.79M	39.89M	39.98M	39.95M	40.00M	39.66M

This table details how cash moves in and out of OneSpan's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	40	-54	33
Net Cash From Operating Activities	56	-11	-5.76
Net Cash From Continuing Operating Activities	56	-11	-5.76
Net Income / (Loss) Continuing Operations	57	-30	-14
Consolidated Net Income / (Loss)	57	-30	-14
Depreciation Expense	8.36	6.48	7.07
Non-Cash Adjustments To Reconcile Net Income	5.24	18	-2.10
Changes in Operating Assets and Liabilities, net	-15	-5.05	3.71
Net Cash From Investing Activities	-9.31	-12	47
Net Cash From Continuing Investing Activities	-9.31	-12	47
Purchase of Property, Plant & Equipment	-9.25	-12	-5.00
Acquisitions	-0.06	-1.86	-0.03
Purchase of Investments	0.00	0.00	-16
Sale and/or Maturity of Investments	0.00	2.33	49
Other Investing Activities, net	0.00	0.00	19
Net Cash From Financing Activities	-5.24	-32	-7.31
Net Cash From Continuing Financing Activities	-5.24	-32	-7.31
Repurchase of Common Equity	-0.00	-29	-5.72
Other Financing Activities, net	-5.24	-2.94	-1.59
Other Net Changes in Cash	-1.32	-	-
Cash Income Taxes Paid	2.30	4.99	2.03

This table details how cash moves in and out of OneSpan's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	5.50	14	-0.58	21	-26	-15	-23	10	15	4.25
Net Cash From Operating Activities	12	14	2.30	27	3.10	-7.45	-20	13	7.92	-2.40
Net Cash From Continuing Operating Activities	12	14	2.30	27	3.11	-7.51	-20	13	7.92	-2.40
Net Income / (Loss) Continuing Operations	29	8.27	6.55	13	0.44	-4.13	-18	-8.36	-3.10	-7.20
Consolidated Net Income / (Loss)	29	8.27	6.55	13	0.44	-4.13	-18	-8.36	-3.10	-7.20
Depreciation Expense	2.28	1.94	2.06	2.08	1.96	1.69	1.52	1.32	1.38	1.65
Non-Cash Adjustments To Reconcile Net Income	-0.53	2.25	2.41	1.10	3.65	3.03	6.74	4.17	3.61	7.51
Changes in Operating Assets and Liabilities, net	-18	1.51	-8.72	10	-2.93	-8.09	-10	16	6.03	-4.36
Net Cash From Investing Activities	-1.98	-1.97	-2.28	-3.08	-3.48	-2.56	-3.43	-2.55	7.04	6.99
Net Cash From Continuing Investing Activities	-1.98	-1.97	-2.28	-3.08	-3.48	-2.56	-3.43	-2.55	7.04	6.99
Purchase of Property, Plant & Equipment	-1.97	-1.95	-2.28	-3.05	-3.45	-2.54	-3.42	-3.07	-2.45	-1.51
Acquisitions	-0.01	-0.01	-0.00	-0.04	-0.03	-0.02	-0.01	-1.81	-0.01	-0.00
Net Cash From Financing Activities	-2.41	-0.80	-0.24	-1.80	-26	-4.32	-0.45	-1.10	-0.51	-0.36
Net Cash From Continuing Financing Activities	-2.41	-0.80	-0.24	-1.80	-26	-4.32	-0.45	-1.10	-0.51	-0.36
Repurchase of Common Equity	-0.00	-	-	-	-26	-	-	-	-	-
Other Financing Activities, net	-2.41	-0.80	-0.24	-1.80	-0.60	-0.79	-0.45	-1.10	-0.51	-0.36
Other Net Changes in Cash	-2.53	-	-	-	-	-	-	0.57	-	-

This table presents OneSpan's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	339	289	335
Total Current Assets	175	146	198
Cash & Equivalents	83	43	96
Restricted Cash	0.17	0.53	1.21
Accounts Receivable	56	64	65
Inventories, net	11	16	12
Prepaid Expenses	6.55	6.58	6.22
Other Current Assets	18	16	15
Plant, Property, & Equipment, net	21	19	13
Total Noncurrent Assets	143	124	124
Goodwill	92	94	91
Intangible Assets	7.48	11	12
Noncurrent Deferred & Refundable Income Taxes	21	1.72	1.90
Other Noncurrent Operating Assets	22	18	19
Total Liabilities & Shareholders' Equity	339	289	335
Total Liabilities	126	130	132
Total Current Liabilities	110	115	111
Accounts Payable	13	17	17
Accrued Expenses	6.34	11	7.66
Dividends Payable	4.77	0.00	-
Current Deferred Revenue	67	69	65
Current Deferred & Payable Income Tax Liabilities	4.40	2.65	2.44
Current Employee Benefit Liabilities	14	15	19
Total Noncurrent Liabilities	16	15	21
Capital Lease Obligations	6.93	6.82	8.44
Noncurrent Deferred Revenue	3.39	4.15	8.83
Noncurrent Deferred & Payable Income Tax Liabilities	3.68	1.07	1.20
Other Noncurrent Operating Liabilities	1.93	3.18	2.48
Commitments & Contingencies	0.00	0.00	-
Total Equity & Noncontrolling Interests	213	159	203
Total Preferred & Common Equity	213	159	203
Preferred Stock	0.00	0.00	0.00
Total Common Equity	213	159	203
Common Stock	123	119	107
Retained Earnings	151	99	129
Treasury Stock	-47	-47	-18
Accumulated Other Comprehensive Income / (Loss)	-14	-11	-15

This table presents OneSpan's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	289	287	277	283	299	317	300
Total Current Assets	142	144	134	146	160	176	167
Cash & Equivalents	77	64	64	68	83	107	82
Restricted Cash	0.35	0.46	1.02	0.79	0.99	1.02	-
Accounts Receivable	29	44	32	39	38	32	44
Inventories, net	13	13	15	15	15	16	9.47
Prepaid Expenses	6.70	6.13	6.84	7.32	7.91	7.94	5.90
Other Current Assets	15	17	15	15	15	13	15
Plant, Property, & Equipment, net	21	20	20	17	16	15	11
Total Noncurrent Assets	127	123	123	120	123	126	121
Goodwill	96	93	93	91	93	92	86
Intangible Assets	8.12	8.68	10	12	13	13	13
Noncurrent Deferred & Refundable Income Taxes	1.77	1.69	1.68	1.84	1.89	1.92	3.36
Other Noncurrent Operating Assets	21	19	18	15	15	18	19
Total Liabilities & Shareholders' Equity	289	287	277	283	299	317	300
Total Liabilities	95	108	106	105	112	118	105
Total Current Liabilities	80	94	92	91	97	97	78
Accounts Payable	13	15	12	17	18	17	9.82
Accrued Expenses	5.90	8.12	7.78	8.12	8.49	9.31	7.09
Current Deferred Revenue	48	56	56	51	52	54	44
Current Deferred & Payable Income Tax Liabilities	3.16	2.52	4.54	2.18	2.37	1.93	1.59
Current Employee Benefit Liabilities	9.68	13	12	14	16	14	15
Total Noncurrent Liabilities	14	15	14	14	15	21	27
Capital Lease Obligations	7.43	7.00	6.01	5.29	5.54	-	8.52
Noncurrent Deferred Revenue	2.93	3.37	3.92	4.57	4.91	8.28	9.62
Noncurrent Deferred & Payable Income Tax Liabilities	1.10	0.99	1.00	1.22	1.24	1.21	1.89
Other Noncurrent Operating Liabilities	2.78	3.21	3.18	2.96	3.05	12	7.00
Commitments & Contingencies	0.00	0.00	0.00	-	-	-	-
Total Equity & Noncontrolling Interests	195	179	171	177	187	199	195
Total Preferred & Common Equity	195	179	171	177	187	199	195
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	195	179	171	177	187	199	195
Common Stock	122	120	119	115	114	110	105
Retained Earnings	127	119	112	98	103	120	132
Treasury Stock	-47	-47	-47	-22	-18	-18	-18
Accumulated Other Comprehensive Income / (Loss)	-7.41	-13	-13	-15	-12	-13	-23

This table displays calculated financial ratios and metrics derived from OneSpan's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	3.43%	7.35%	2.11%
EBITDA Growth	331.39%	-338.99%	69.67%
EBIT Growth	251.96%	-139.28%	53.00%
NOPAT Growth	372.23%	-6.48%	-3.78%
Net Income Growth	291.56%	-106.45%	52.81%
EPS Growth	297.30%	-105.56%	53.25%
Operating Cash Flow Growth	618.56%	-86.40%	-109.80%
Free Cash Flow Firm Growth	219.49%	-214.12%	-165.35%
Invested Capital Growth	15.08%	9.27%	-7.62%
Revenue Q/Q Growth	-0.72%	2.76%	-1.14%
EBITDA Q/Q Growth	30.36%	16.48%	37.50%
EBIT Q/Q Growth	36.85%	11.82%	24.20%
NOPAT Q/Q Growth	88.68%	16.79%	6.71%
Net Income Q/Q Growth	98.65%	10.61%	42.52%
EPS Q/Q Growth	97.30%	10.84%	42.86%
Operating Cash Flow Q/Q Growth	20.12%	-81.40%	51.99%
Free Cash Flow Firm Q/Q Growth	99.78%	-10.07%	-469.41%
Invested Capital Q/Q Growth	13.45%	8.04%	2.03%
Profitability Metrics	-	-	-
Gross Margin	71.79%	67.08%	67.84%
EBITDA Margin	21.81%	-9.75%	-2.38%
Operating Margin	18.42%	-12.28%	-12.38%
EBIT Margin	18.37%	-12.51%	-5.61%
Profit (Net Income) Margin	23.47%	-12.67%	-6.59%
Tax Burden Percent	122.79%	109.10%	123.44%
Interest Burden Percent	104.04%	92.89%	95.16%
Effective Tax Rate	-22.79%	0.00%	0.00%
Return on Invested Capital (ROIC)	41.79%	-17.24%	-16.27%
ROIC Less NNEP Spread (ROIC-NNEP)	37.97%	-2.25%	-21.06%
Return on Net Nonoperating Assets (RNNOA)	-11.07%	0.79%	9.45%
Return on Equity (ROE)	30.72%	-16.44%	-6.82%
Cash Return on Invested Capital (CROIC)	27.76%	-26.09%	-8.35%
Operating Return on Assets (OROA)	14.23%	-9.42%	-3.63%
Return on Assets (ROA)	18.18%	-9.55%	-4.26%
Return on Common Equity (ROCE)	30.72%	-16.44%	-6.82%
Return on Equity Simple (ROE_SIMPLE)	26.86%	-18.72%	-7.10%
Net Operating Profit after Tax (NOPAT)	55	-20	-19
NOPAT Margin	22.62%	-8.60%	-8.67%
Net Nonoperating Expense Percent (NNEP)	3.81%	-14.99%	4.79%
Return On Investment Capital (ROIC_SIMPLE)	25.07%	-12.18%	-8.96%
Cost of Revenue to Revenue	28.21%	32.92%	32.16%
SG&A Expenses to Revenue	18.92%	24.78%	25.37%
R&D to Revenue	13.33%	16.34%	19.06%
Operating Expenses to Revenue	53.36%	79.36%	80.22%
Earnings before Interest and Taxes (EBIT)	45	-29	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	-23	-5.22
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.29	2.67	2.17
Price to Tangible Book Value (P/TBV)	6.21	7.78	4.40
Price to Revenue (P/Rev)	2.88	1.81	2.01
Price to Earnings (P/E)	12.26	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	8.15%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.43	3.17	3.12
Enterprise Value to Revenue (EV/Rev)	2.56	1.65	1.60
Enterprise Value to EBITDA (EV/EBITDA)	11.76	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	13.96	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.34	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.20	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	17.06	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.03	0.04	0.04
Long-Term Debt to Equity	0.03	0.04	0.04
Financial Leverage	-0.29	-0.35	-0.45
Leverage Ratio	1.69	1.72	1.60
Compound Leverage Factor	1.76	1.60	1.52
Debt to Total Capital	3.16%	4.11%	3.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	3.16%	4.11%	3.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.84%	95.89%	96.01%
Debt to EBITDA	0.13	-0.30	-1.62
Net Debt to EBITDA	-1.44	1.60	17.48
Long-Term Debt to EBITDA	0.13	-0.30	-1.62
Debt to NOPAT	0.13	-0.34	-0.44
Net Debt to NOPAT	-1.39	1.82	4.81
Long-Term Debt to NOPAT	0.13	-0.34	-0.44
Altman Z-Score	5.34	3.05	3.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.59	1.27	1.79
Quick Ratio	1.26	0.94	1.48
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	37	-31	-9.74
Operating Cash Flow to CapEx	602.13%	-85.99%	-115.27%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.77	0.75	0.65
Accounts Receivable Turnover	4.03	3.63	3.60
Inventory Turnover	5.21	5.61	6.29
Fixed Asset Turnover	12.25	14.97	18.69
Accounts Payable Turnover	4.46	4.45	5.51
Days Sales Outstanding (DSO)	90.52	100.54	101.45
Days Inventory Outstanding (DIO)	70.08	65.10	58.04
Days Payable Outstanding (DPO)	81.83	82.09	66.23
Cash Conversion Cycle (CCC)	78.77	83.56	93.26
Capital & Investment Metrics	-	-	-
Invested Capital	141	122	112
Invested Capital Turnover	1.85	2.01	1.88
Increase / (Decrease) in Invested Capital	18	10	-9.24
Enterprise Value (EV)	624	388	350
Market Capitalization	700	425	441
Book Value per Share	$5.59	$3.99	$5.13
Tangible Book Value per Share	$2.97	$1.37	$2.53
Total Capital	219	166	212
Total Debt	6.93	6.82	8.44
Total Long-Term Debt	6.93	6.82	8.44
Net Debt	-76	-37	-91
Capital Expenditures (CapEx)	9.25	12	5.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	-12	-12
Debt-free Net Working Capital (DFNWC)	65	32	88
Net Working Capital (NWC)	65	32	88
Net Nonoperating Expense (NNE)	-2.07	9.59	-4.55
Net Nonoperating Obligations (NNO)	-72	-37	-91
Total Depreciation and Amortization (D&A)	8.36	6.48	7.07
Debt-free, Cash-free Net Working Capital to Revenue	-7.62%	-5.11%	-5.54%
Debt-free Net Working Capital to Revenue	26.64%	13.40%	39.99%
Net Working Capital to Revenue	26.64%	13.40%	39.99%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.49	($0.74)	($0.36)
Adjusted Weighted Average Basic Shares Outstanding	38.39M	40.19M	40.14M
Adjusted Diluted Earnings per Share	$1.46	($0.74)	($0.36)
Adjusted Weighted Average Diluted Shares Outstanding	39.09M	40.19M	40.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.18M	37.79M	40.00M
Normalized Net Operating Profit after Tax (NOPAT)	34	-8.09	-9.66
Normalized NOPAT Margin	14.18%	-3.44%	-4.41%
Pre Tax Income Margin	19.12%	-11.62%	-5.34%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.01%	-97.84%	-39.64%

This table displays calculated financial ratios and metrics derived from OneSpan's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.79%	-4.41%	9.31%	12.56%	11.14%	2.96%	5.57%	9.84%	-4.28%	9.32%
EBITDA Growth	426.29%	509.81%	161.85%	340.59%	278.45%	46.38%	-132.80%	-180.59%	65.86%	-1,253.26%
EBIT Growth	1,275.82%	310.25%	144.93%	276.27%	131.44%	34.50%	-98.98%	-227.58%	56.68%	-291.23%
NOPAT Growth	4,155.61%	378.48%	147.41%	330.26%	121.03%	14.77%	-115.63%	24.58%	32.72%	-179.02%
Net Income Growth	6,427.89%	300.17%	136.92%	261.18%	114.24%	42.61%	-89.85%	-260.26%	77.51%	-638.56%
EPS Growth	7,200.00%	310.00%	138.64%	266.67%	112.50%	44.44%	-91.30%	-261.54%	77.14%	-800.00%
Operating Cash Flow Growth	300.45%	287.69%	111.73%	103.67%	-60.82%	-210.98%	-31.34%	261.67%	370.31%	57.33%
Free Cash Flow Firm Growth	167.89%	77.91%	93.92%	-138.91%	-252.21%	-136.03%	-197.47%	127.97%	-77.83%	-23.15%
Invested Capital Growth	15.08%	9.58%	12.24%	22.01%	9.27%	3.19%	0.00%	-20.68%	-7.62%	-17.31%
Revenue Q/Q Growth	8.76%	-7.69%	-6.04%	3.04%	6.95%	5.57%	-3.25%	1.74%	-0.92%	8.25%
EBITDA Q/Q Growth	35.24%	12.43%	-39.14%	468.77%	205.31%	83.03%	-136.74%	-321.86%	68.36%	26.34%
EBIT Q/Q Growth	38.95%	17.18%	-44.67%	1,427.15%	121.23%	74.96%	-117.07%	-172.42%	55.77%	23.93%
NOPAT Q/Q Growth	168.70%	58.52%	-55.01%	2,120.80%	117.58%	73.01%	-118.50%	-102.79%	28.73%	31.72%
Net Income Q/Q Growth	247.98%	26.25%	-51.34%	2,953.97%	110.67%	76.72%	-112.43%	-169.81%	56.99%	22.98%
EPS Q/Q Growth	247.62%	23.53%	-51.43%	3,400.00%	110.00%	77.27%	-109.52%	-162.50%	55.56%	21.74%
Operating Cash Flow Q/Q Growth	-11.11%	507.25%	-91.46%	768.84%	141.66%	62.05%	-248.27%	67.13%	430.69%	83.97%
Free Cash Flow Firm Q/Q Growth	538.69%	79.32%	-3.25%	27.53%	-42.73%	94.31%	-760.54%	183.48%	-66.21%	-84.59%
Invested Capital Q/Q Growth	13.45%	2.40%	8.29%	-8.53%	8.04%	4.88%	17.71%	-18.08%	2.03%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.04%	73.87%	66.22%	73.09%	69.07%	69.12%	61.53%	68.20%	67.03%	67.25%
EBITDA Margin	24.93%	20.05%	16.46%	25.42%	4.61%	-4.68%	-29.10%	-11.89%	-2.87%	-8.98%
Operating Margin	19.30%	20.01%	12.54%	21.76%	2.89%	-8.15%	-31.87%	-14.11%	-7.08%	-9.84%
EBIT Margin	21.21%	16.60%	13.08%	22.21%	1.50%	-7.55%	-31.82%	-14.18%	-5.30%	-11.86%
Profit (Net Income) Margin	47.06%	14.71%	10.76%	20.77%	0.70%	-7.02%	-31.85%	-14.51%	-5.47%	-12.60%
Tax Burden Percent	212.69%	83.05%	77.19%	92.87%	32.47%	107.24%	103.50%	108.99%	119.07%	109.09%
Interest Burden Percent	104.32%	106.68%	106.54%	100.70%	144.01%	86.78%	96.70%	93.84%	86.73%	97.36%
Effective Tax Rate	-112.69%	16.95%	22.81%	7.13%	67.53%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	75.82%	34.27%	20.89%	48.06%	1.88%	-11.70%	-93.79%	-21.34%	-9.30%	-12.58%
ROIC Less NNEP Spread (ROIC-NNEP)	69.03%	35.87%	19.92%	47.63%	2.11%	-10.65%	-80.25%	-18.63%	-9.00%	-9.01%
Return on Net Nonoperating Assets (RNNOA)	-20.12%	-12.96%	-7.41%	-21.41%	-0.75%	4.27%	33.78%	9.05%	4.04%	3.87%
Return on Equity (ROE)	55.70%	21.31%	13.48%	26.65%	1.13%	-7.43%	-60.01%	-12.29%	-5.27%	-8.71%
Cash Return on Invested Capital (CROIC)	27.76%	15.41%	1.51%	-24.38%	-26.09%	-24.91%	-246.03%	5.52%	-8.35%	2.17%
Operating Return on Assets (OROA)	16.43%	14.22%	11.06%	18.11%	1.13%	-5.93%	-24.20%	-10.11%	-3.43%	-8.20%
Return on Assets (ROA)	36.45%	12.60%	9.09%	16.94%	0.53%	-5.52%	-24.22%	-10.34%	-3.54%	-8.71%
Return on Common Equity (ROCE)	55.70%	21.31%	13.48%	26.65%	1.13%	-7.43%	-60.01%	-12.29%	-5.27%	-8.71%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.77%	9.14%	-4.67%	0.00%	-18.80%	-19.51%	-14.05%	0.00%	-12.88%
Net Operating Profit after Tax (NOPAT)	25	9.35	5.90	13	0.59	-3.36	-12	-5.69	-2.81	-3.94
NOPAT Margin	41.05%	16.62%	9.68%	20.21%	0.94%	-5.70%	-22.31%	-9.88%	-4.96%	-6.89%
Net Nonoperating Expense Percent (NNEP)	6.79%	-1.60%	0.97%	0.44%	-0.23%	-1.04%	-13.54%	-2.72%	-0.31%	-3.57%
Return On Investment Capital (ROIC_SIMPLE)	11.44%	-	-	-	0.36%	-	-	-	-1.33%	-
Cost of Revenue to Revenue	25.96%	26.13%	33.78%	26.91%	30.93%	30.88%	38.47%	31.80%	32.97%	32.75%
SG&A Expenses to Revenue	21.42%	20.17%	18.97%	15.43%	22.61%	19.65%	28.40%	28.91%	28.26%	20.67%
R&D to Revenue	13.55%	13.39%	13.69%	12.74%	13.88%	17.22%	18.10%	16.43%	14.37%	16.70%
Operating Expenses to Revenue	54.74%	53.87%	53.68%	51.33%	66.19%	77.27%	93.41%	82.31%	74.11%	77.09%
Earnings before Interest and Taxes (EBIT)	13	9.34	7.97	14	0.94	-4.44	-18	-8.17	-3.00	-6.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	11	10	16	2.90	-2.75	-16	-6.85	-1.62	-5.13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.29	3.24	2.72	2.57	2.67	2.42	3.18	3.51	2.17	1.75
Price to Tangible Book Value (P/TBV)	6.21	6.99	6.32	6.50	7.78	5.80	7.35	7.47	4.40	3.56
Price to Revenue (P/Rev)	2.88	2.58	1.96	1.81	1.81	1.88	2.61	3.12	2.01	1.54
Price to Earnings (P/E)	12.26	21.97	29.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.15%	4.55%	3.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.43	4.52	3.53	3.40	3.17	3.23	4.76	6.45	3.12	2.33
Enterprise Value to Revenue (EV/Rev)	2.56	2.29	1.73	1.57	1.65	1.60	2.26	2.64	1.60	1.15
Enterprise Value to EBITDA (EV/EBITDA)	11.76	13.79	16.05	928.35	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	13.96	17.18	22.67	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.34	19.24	28.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.20	12.10	17.17	127.38	0.00	0.00	0.00	155.18	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	17.06	30.65	247.24	0.00	0.00	0.00	0.00	103.39	0.00	97.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.04	0.04	0.04	0.04	0.03	0.03	0.00	0.04	0.04
Long-Term Debt to Equity	0.03	0.04	0.04	0.04	0.04	0.03	0.03	0.00	0.04	0.04
Financial Leverage	-0.29	-0.36	-0.37	-0.45	-0.35	-0.40	-0.42	-0.49	-0.45	-0.43
Leverage Ratio	1.69	1.54	1.60	1.61	1.72	1.56	1.60	1.56	1.60	1.51
Compound Leverage Factor	1.76	1.64	1.71	1.62	2.48	1.36	1.55	1.46	1.39	1.47
Debt to Total Capital	3.16%	3.68%	3.77%	3.40%	4.11%	2.90%	2.88%	0.00%	3.99%	4.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	3.16%	3.68%	3.77%	3.40%	4.11%	2.90%	2.88%	0.00%	3.99%	4.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.84%	96.32%	96.23%	96.60%	95.89%	97.10%	97.12%	100.00%	96.01%	95.81%
Debt to EBITDA	0.13	0.18	0.26	14.65	-0.30	-0.19	-0.19	0.00	-1.62	-1.02
Net Debt to EBITDA	-1.44	-1.73	-2.15	-143.59	1.60	2.33	2.63	0.00	17.48	10.19
Long-Term Debt to EBITDA	0.13	0.18	0.26	14.65	-0.30	-0.19	-0.19	0.00	-1.62	-1.02
Debt to NOPAT	0.13	0.25	0.47	-1.29	-0.34	-0.22	-0.22	0.00	-0.44	-0.42
Net Debt to NOPAT	-1.39	-2.41	-3.83	12.68	1.82	2.63	3.16	0.00	4.81	4.18
Long-Term Debt to NOPAT	0.13	0.25	0.47	-1.29	-0.34	-0.22	-0.22	0.00	-0.44	-0.42
Altman Z-Score	5.03	5.82	4.43	4.28	3.39	3.92	4.47	5.01	3.48	3.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.76	1.54	1.46	1.27	1.60	1.64	1.82	1.79	2.16
Quick Ratio	1.26	1.32	1.15	1.04	0.94	1.17	1.25	1.43	1.48	1.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.65	-1.52	-7.33	-7.10	-9.79	-6.86	-120	18	6.43	19
Operating Cash Flow to CapEx	630.12%	716.14%	101.14%	885.39%	89.97%	-292.77%	-573.55%	431.31%	323.40%	-158.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.86	0.85	0.82	0.75	0.79	0.76	0.71	0.65	0.69
Accounts Receivable Turnover	4.03	7.26	6.04	7.50	3.63	5.55	5.95	6.21	3.60	5.01
Inventory Turnover	5.21	5.07	5.50	5.06	5.61	6.15	5.14	5.69	6.29	6.94
Fixed Asset Turnover	12.25	13.11	13.81	13.68	14.97	16.75	14.56	17.77	18.69	20.36
Accounts Payable Turnover	4.46	4.84	4.70	5.20	4.45	5.81	4.38	5.53	5.51	8.30
Days Sales Outstanding (DSO)	90.52	50.30	60.42	48.70	100.54	65.73	61.32	58.74	101.45	72.90
Days Inventory Outstanding (DIO)	70.08	71.99	66.36	72.11	65.10	59.38	70.99	64.10	58.04	52.63
Days Payable Outstanding (DPO)	81.83	75.38	77.66	70.13	82.09	62.81	83.30	65.95	66.23	43.99
Cash Conversion Cycle (CCC)	78.77	46.91	49.11	50.68	83.56	62.30	49.01	56.90	93.26	81.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	141	124	121	112	122	113	108	92	112	110
Invested Capital Turnover	1.85	2.06	2.16	2.38	2.01	2.05	4.20	2.16	1.88	1.83
Increase / (Decrease) in Invested Capital	18	11	13	20	10	3.51	108	-24	-9.24	-23
Enterprise Value (EV)	624	561	428	381	388	366	514	592	350	256
Market Capitalization	700	631	485	439	425	430	593	700	441	341
Book Value per Share	$5.59	$5.14	$4.72	$4.52	$3.99	$4.44	$4.67	$4.98	$5.13	$4.92
Tangible Book Value per Share	$2.97	$2.39	$2.03	$1.79	$1.37	$1.85	$2.02	$2.34	$2.53	$2.42
Total Capital	219	202	186	177	166	183	192	199	212	203
Total Debt	6.93	7.43	7.00	6.01	6.82	5.29	5.54	0.00	8.44	8.52
Total Long-Term Debt	6.93	7.43	7.00	6.01	6.82	5.29	5.54	0.00	8.44	8.52
Net Debt	-76	-70	-57	-59	-37	-64	-79	-108	-91	-85
Capital Expenditures (CapEx)	1.97	1.95	2.28	3.05	3.45	2.54	3.42	3.07	2.45	1.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	-16	-14	-23	-12	-15	-21	-28	-12	-3.79
Debt-free Net Working Capital (DFNWC)	65	61	50	42	32	55	63	79	88	90
Net Working Capital (NWC)	65	61	50	42	32	55	63	79	88	90
Net Nonoperating Expense (NNE)	-3.68	1.07	-0.66	-0.36	0.15	0.78	5.32	2.67	0.29	3.26
Net Nonoperating Obligations (NNO)	-72	-70	-57	-59	-37	-64	-79	-108	-91	-85
Total Depreciation and Amortization (D&A)	2.28	1.94	2.06	2.08	1.96	1.69	1.52	1.32	1.38	1.65
Debt-free, Cash-free Net Working Capital to Revenue	-7.62%	-6.70%	-5.71%	-9.44%	-5.11%	-6.36%	-9.44%	-12.59%	-5.54%	-1.71%
Debt-free Net Working Capital to Revenue	26.64%	25.08%	20.27%	17.33%	13.40%	23.92%	27.58%	35.38%	39.99%	40.55%
Net Working Capital to Revenue	26.64%	25.08%	20.27%	17.33%	13.40%	23.92%	27.58%	35.38%	39.99%	40.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.76	$0.21	$0.17	$0.35	$0.01	($0.10)	($0.44)	($0.21)	($0.08)	($0.18)
Adjusted Weighted Average Basic Shares Outstanding	38.39M	38.70M	38.53M	38.06M	40.19M	40.45M	40.40M	40.06M	40.14M	39.72M
Adjusted Diluted Earnings per Share	$0.73	$0.21	$0.17	$0.35	$0.01	($0.10)	($0.44)	($0.21)	($0.08)	($0.18)
Adjusted Weighted Average Diluted Shares Outstanding	39.09M	39.46M	39.01M	38.46M	40.19M	40.45M	40.40M	40.06M	40.14M	39.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.18M	37.99M	37.87M	37.85M	37.79M	39.89M	39.98M	39.95M	40.00M	39.66M
Normalized Net Operating Profit after Tax (NOPAT)	8.64	9.92	7.22	14	4.24	1.21	-8.34	-5.20	-1.77	0.60
Normalized NOPAT Margin	14.13%	17.65%	11.84%	22.35%	6.73%	2.06%	-14.97%	-9.02%	-3.12%	1.05%
Pre Tax Income Margin	22.13%	17.71%	13.93%	22.36%	2.16%	-6.55%	-30.77%	-13.31%	-4.59%	-11.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.01%	89.19%	0.00%	0.00%	-97.84%	-10.58%	0.00%	0.00%	-39.64%	-22.78%

Frequently Asked Questions About OneSpan's Financials

When does OneSpan's financial year end?

According to the most recent income statement we have on file, OneSpan's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has OneSpan's net income changed over the last 2 years?

OneSpan's net income appears to be on an upward trend, with a most recent value of $57.08 million in 2024, falling from -$14.43 million in 2022. The previous period was -$29.80 million in 2023. Find out what analysts predict for OneSpan in the coming months.

What is OneSpan's operating income?

OneSpan's total operating income in 2024 was $44.81 million, based on the following breakdown:

Total Gross Profit: $174.58 million
Total Operating Expenses: $129.77 million

How has OneSpan revenue changed over the last 2 years?

Over the last 2 years, OneSpan's total revenue changed from $219.01 million in 2022 to $243.18 million in 2024, a change of 11.0%.

How much debt does OneSpan have?

OneSpan's total liabilities were at $126.20 million at the end of 2024, a 3.0% decrease from 2023, and a 4.2% decrease since 2022.

How much cash does OneSpan have?

In the past 2 years, OneSpan's cash and equivalents has ranged from $43.00 million in 2023 to $96.17 million in 2022, and is currently $83.16 million as of their latest financial filing in 2024.

How has OneSpan's book value per share changed over the last 2 years?

Over the last 2 years, OneSpan's book value per share changed from 5.13 in 2022 to 5.59 in 2024, a change of 9.1%.

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This page (NASDAQ:OSPN) was last updated on 5/21/2025 by MarketBeat.com Staff

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OneSpan (OSPN) Financials

Frequently Asked Questions About OneSpan's Financials

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OneSpan (OSPN) Financials

Annual Income Statements for OneSpan

Quarterly Income Statements for OneSpan

Annual Cash Flow Statements for OneSpan

Quarterly Cash Flow Statements for OneSpan

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Quarterly Balance Sheets for OneSpan

Annual Metrics And Ratios for OneSpan

Quarterly Metrics And Ratios for OneSpan

Frequently Asked Questions About OneSpan's Financials

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