Onespan Inc. income statement
In fiscal 2025, Onespan Inc. reported revenue of $243m, up 0.0% on the year before, operating income of $48.4m (a 19.9% margin) and net income of $72.9m, or $1.88 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 102 | 108 | 168 | 154 | 155 | 202 | 241 | 192 | 193 | 211 | 253 | 216 | 214 | 219 | 235 | 243 | 243 | 253 |
| Cost of revenue | 31 | 32 | 60 | 54 | 55 | 76 | 98 | 62 | 59 | 65 | 86 | 68 | 72 | 70 | 77 | 69 | 64 | 65 |
| Gross profit | 71 | 76 | 108 | 100 | 100 | 126 | 144 | 131 | 135 | 147 | 168 | 148 | 143 | 149 | 158 | 175 | 179 | 188 |
| Research and development | 12 | 14 | 19 | 19 | 21 | 19 | 17 | 23 | 23 | 32 | 42 | 41 | 47 | 42 | 38 | 32 | 34 | 37 |
| Selling and marketing | 30 | 31 | 40 | 38 | 40 | 42 | 38 | 57 | 59 | 64 | 58 | 57 | 63 | 61 | 70 | 45 | 47 | 52 |
| General and administrative | 16 | 19 | 22 | 20 | 21 | 22 | 32 | 32 | 37 | 42 | 44 | 46 | 53 | 56 | 58 | 46 | 46 | 50 |
| Operating income | 13 | 12 | 25 | 21 | 14 | 38 | 50 | 10 | 6 | −1 | 14 | −5 | −26 | −27 | −29 | 45 | 48 | 45 |
| Net interest income | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | — | — | — | — | — | — | — | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | −0 | 1 | 0 | — | — | — |
| Income before tax | 15 | 13 | 26 | 22 | 14 | 38 | 51 | 11 | 8 | 3 | 14 | −3 | −26 | −12 | −27 | 46 | 49 | 45 |
| Income tax | 3 | 3 | 2 | 5 | 3 | 5 | 9 | 1 | 31 | −0 | 7 | 2 | 4 | 3 | 2 | −11 | −24 | −25 |
| Net income | 12 | 11 | 18 | 16 | 11 | 33 | 42 | 11 | −22 | 3 | 8 | −5 | −31 | −14 | −30 | 57 | 73 | 70 |
| Diluted EPS | $0.31 | $0.28 | $0.47 | $0.40 | $0.28 | $0.85 | $1.06 | $0.27 | −$0.56 | $0.08 | $0.20 | −$0.14 | −$0.77 | −$0.36 | −$0.74 | $1.46 | $1.88 | $1.81 |
| Diluted shares (average) | 38m | 38m | 39m | 39m | 39m | 39m | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 39m | 39m | 38m |
| EBITDA | 16 | 15 | 29 | 25 | 19 | 44 | 57 | 20 | 17 | 11 | 26 | 7 | −17 | −20 | −22 | 53 | 59 | 56 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 61 | 63 | 60 | 57 | 63 | 66 | 60 | 64 |
| Cost of revenue | 16 | 16 | 16 | 15 | 17 | 17 | 16 | 15 |
| Gross profit | 45 | 47 | 44 | 42 | 46 | 49 | 44 | 49 |
| Research and development | 8 | 8 | 9 | 9 | 8 | 9 | 10 | 10 |
| Selling and marketing | 11 | 11 | 12 | 11 | 13 | 13 | 13 | 14 |
| General and administrative | 13 | 10 | 12 | 12 | 12 | 11 | 12 | 15 |
| Operating income | 12 | 17 | 11 | 8 | 13 | 15 | 9 | 9 |
| Income before tax | 14 | 18 | 11 | 8 | 13 | 14 | 9 | 9 |
| Income tax | −15 | 3 | 2 | 2 | −31 | 3 | 2 | 2 |
| Net income | 29 | 15 | 8 | 7 | 44 | 12 | 7 | 8 |
| Diluted EPS | $0.73 | $0.37 | $0.21 | $0.17 | $1.12 | $0.30 | $0.18 | $0.20 |
| EBITDA | 14 | 19 | 12 | 10 | 15 | 18 | 11 | 11 |
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