OneSpan Inc. (OSPN) Financial Statements (2026 and earlier)

Company Profile

Business Address 1 MARINA PARK DRIVE
BOSTON, MA 02210
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70,49983,16042,49396,50163,38088,394
Cash and cash equivalent70,49983,16042,49396,50163,38088,394
Restricted cash and investments  1711,037   
Receivables55,99956,22964,38765,13256,61257,537
Inventory, net of allowances, customer advances and progress billings10,46610,79215,55312,05410,34513,093
Inventory10,46610,79215,55312,05410,34513,093
Prepaid expense7,0446,5476,5756,2227,5947,837
Contract with customer, asset, after allowance for credit loss18,2698,6875,1394,5204,6947,202
Capitalized contract cost     2,1341,222
Other current assets9,9369,47911,15910,7839,3566,256
Other undisclosed current assets    2,32832,97425,637
Total current assets:172,213175,065146,343197,540187,089207,178
Noncurrent Assets
Operating lease, right-of-use asset7,3567,7256,1718,0229,19711,356
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization22,23420,96618,72212,68110,75711,835
Long-term investments and receivables11,834     
Long-term investments11,834     
Intangible asset, including goodwill, after accumulated amortization113,58199,846104,516102,996117,444124,748
Goodwill103,84092,36593,68490,51496,17497,552
Intangible asset, excluding goodwill, after accumulated amortization9,7417,48110,83212,48221,27027,196
Contract with customer, asset, after allowance for credit loss     1951,877
Deferred income tax assets54,73320,5161,7211,9013,7867,030
Other noncurrent assets15,75114,61611,71811,94213,80311,179
Total noncurrent assets:225,489163,669142,848137,542155,182168,025
TOTAL ASSETS:397,702338,734289,191335,082342,271375,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,88842,61045,11745,80433,58230,285
Taxes payable✕✕✕✕✕1,1032,618
Employee-related liabilities✕✕✕✕✕16,60713,649
Accounts payable13,72613,31017,45217,3578,2045,684
Accrued liabilities29,16229,30027,66528,4477,6688,334
Deferred revenue71,64167,46569,33164,63754,61743,417
Deferred compensation liability422003823738771,602
Total current liabilities:114,571110,275114,830110,81489,07675,304
Noncurrent Liabilities
Long-term debt and lease obligation:     10,18012,399
Liabilities, other than long-term debt11,28815,92915,22020,95723,23530,160
Accounts payable and accrued liabilities    2,5655,0546,095
Deferred revenue2,5393,3904,1526,2699,12511,730
Deferred income tax liabilities9883,6801,0671,1971,2861,912
Other liabilities1,6221,9273,1772,4847,77010,423
Operating lease, liability 6,1396,9326,8248,44210,18012,399
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:11,28815,92915,22020,95733,41542,559
Total liabilities:125,859126,204130,050131,771122,491117,863
Equity
Equity, attributable to parent271,843212,530159,141203,311219,780257,340
Common stock373838404040
Treasury stock, value(60,521)(47,380)(47,377)(18,222)(12,501)(5,030)
Additional paid in capital128,651122,534118,620107,305100,25098,819
Accumulated other comprehensive loss(6,145)(13,918)(11,079)(14,550)(11,182)(10,220)
Retained earnings209,821151,25698,939128,738143,173173,731
Total equity:271,843212,530159,141203,311219,780257,340
TOTAL LIABILITIES AND EQUITY:397,702338,734289,191335,082342,271375,203

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues243,180243,179235,106219,006214,481215,691
Net investment income 63,5008,600    
Cost of revenue
(Cost of Product and Service Sold)		(63,826)(68,603)(77,391)(70,436)(71,546)(63,439)
Gross profit:179,354174,576157,715148,570142,935152,252
Operating expenses(130,908)(129,771)(186,586)(175,685)(169,063)(157,510)
Operating income (loss):48,44644,805(28,871)(27,115)(26,128)(5,258)
Nonoperating income (expense)(1,069)(125)(532)14,827(15)1,838
Investment income, nonoperating     (1)404
Other nonoperating income (expense)(1,069)(125)(532)14,827(14)1,434
Income (loss) from continuing operations before equity method investments, income taxes:47,37744,680(29,403)(12,288)(26,143)(3,420)
Other undisclosed income from continuing operations before income taxes1,9851,8072,090595  
Income (loss) from continuing operations before income taxes:49,36246,487(27,313)(11,693)(26,143)(3,420)
Income tax expense (benefit)23,54210,595(2,486)(2,741)(4,441)(2,035)
Income (loss) from continuing operations:72,90457,082(29,799)(14,434)(30,584)(5,455)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(30,584)(5,455)
Net income (loss) available to common stockholders, diluted:72,90457,082(29,799)(14,434)(30,584)(5,455)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):72,90457,082(29,799)(14,434)(30,584)(5,455)
Comprehensive income (loss):72,90457,082(29,799)(14,434)(30,584)(5,455)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7,773(2,839)3,471(3,368)(962)3,075
Comprehensive income (loss), net of tax, attributable to parent:80,67754,243(26,328)(17,802)(31,546)(2,380)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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