OneSpan Inc. (OSPN) Income Statement
OSPN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOSPN revenue and net income
Where OSPN's revenue goes
2025Each bar shows an amount and its share of revenue. OSPN kept 30.0% of revenue as net income.
OSPN profit margins
OSPN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.0% | +3.6% | +2.4% | +0.1% |
| Gross profit | −1.5% | +5.0% | +2.5% | +1.6% |
| Operating income | +11.8% | — | — | −0.1% |
| Net income | +27.7% | — | — | +5.6% |
| EPS (diluted) | +9.9% | — | +55.2% | +1.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OSPN quarterly EPS vs estimates
OneSpan beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.18).
OSPN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $243.2M | $243.2M | $235.1M | $219.0M | $214.5M | $215.7M | $253.5M | $212.3M | $193.3M | $192.3M |
| Cost of revenue | $71.3M | $68.6M | $77.4M | $70.4M | $71.5M | $63.4M | $85.6M | $64.8M | $58.8M | $61.6M |
| Gross profit | $171.9M | $174.6M | $157.7M | $148.6M | $142.9M | $152.3M | $167.8M | $147.5M | $134.5M | $130.7M |
| Research & development | $34.2M | $32.4M | $38.4M | $41.7M | $47.4M | $41.2M | $42.5M | $32.2M | $23.1M | $23.2M |
| Sales, general & admin | $45.7M | $90.6M | $128.5M | $116.5M | $115.8M | $107.2M | $101.7M | $105.4M | $96.4M | $89.0M |
| Total operating expenses | $121.8M | $129.8M | $186.6M | $175.7M | $169.1M | $157.5M | $153.6M | $147.4M | $128.3M | $121.1M |
| Operating income | $50.1M | $44.8M | −$28.9M | −$27.1M | −$26.1M | −$5.3M | $14.2M | $24,000 | $6.2M | $9.6M |
| Interest income | $2.0M | $1.8M | $2.1M | $13.6M | $99,000 | $404,000 | $747,000 | $1.3M | $1.4M | $785,000 |
| Interest expense | — | — | $2.1M | $595,000 | $1,000 | $1.8M | $220,000 | $0 | $0 | $0 |
| Income before taxes | $49.4M | $46.5M | −$27.3M | −$11.7M | −$26.1M | −$3.4M | $14.4M | $3.6M | $8.4M | $11.4M |
| Income taxes | −$23.5M | −$10.6M | $2.5M | $2.7M | $4.4M | $2.0M | $6.5M | −$293,000 | $30.8M | $863,000 |
| Net income | $72.9M | $57.1M | −$29.8M | −$14.4M | −$30.6M | −$5.5M | $7.9M | $3.8M | −$22.4M | $10.5M |
| EBITDA | $59.4M | $57.6M | −$5.1M | −$6.7M | −$17.2M | $6.7M | $25.7M | $11.2M | $16.8M | $20.4M |
| EPS (diluted) | $1.44 | $1.31 | $0.01 | −$0.05 | −$0.41 | $0.16 | $0.54 | $0.42 | $0.34 | $0.51 |
| Gross margin | 70.7% | 71.8% | 67.1% | 67.8% | 66.6% | 70.6% | 66.2% | 69.5% | 69.6% | 67.9% |
| Operating margin | 20.6% | 18.4% | −12.3% | −12.4% | −12.2% | −2.4% | 5.6% | 0.0% | 3.2% | 5.0% |
| Net margin | 30.0% | 23.5% | −12.7% | −6.6% | −14.3% | −2.5% | 3.1% | 1.8% | −11.6% | 5.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.5M | $65.9M | $62.9M | $57.1M | $59.8M | $63.4M | $61.2M | $56.2M | $60.9M | $64.8M | $62.9M | $58.8M |
| Cost of revenue | $16.0M | $17.4M | $24.1M | $15.1M | $15.9M | $16.3M | $15.9M | $14.7M | $20.6M | $17.4M | $19.5M | $18.2M |
| Gross profit | $44.5M | $48.5M | $38.8M | $42.0M | $44.0M | $47.1M | $45.3M | $41.5M | $40.3M | $47.4M | $43.5M | $40.7M |
| Research & development | $9.9M | $9.1M | $8.0M | $8.8M | $9.4M | $7.9M | $8.3M | $7.5M | $8.3M | $8.3M | $8.7M | $10.1M |
| Sales, general & admin | $25.0M | $23.6M | $12.2M | $23.5M | $23.3M | $21.0M | $24.1M | $21.5M | $22.1M | $22.9M | $28.1M | $28.2M |
| Total operating expenses | $35.7M | $33.4M | $24.7M | $33.8M | $33.5M | $29.9M | $33.5M | $30.3M | $32.7M | $33.3M | $41.6M | $45.5M |
| Operating income | $8.7M | $15.1M | $14.2M | $8.2M | $10.5M | $17.2M | $11.8M | $11.3M | $7.6M | $14.1M | $1.8M | −$4.8M |
| Interest income | — | — | $173,000 | $388,000 | $732,000 | $692,000 | $561,000 | $624,000 | $521,000 | $101,000 | — | $587,000 |
| Interest expense | $154,000 | $19,000 | — | — | — | — | — | — | — | — | $415,000 | — |
| Income before taxes | $8.6M | $14.4M | $12.5M | $8.4M | $10.6M | $17.9M | $13.5M | $10.0M | $8.5M | $14.5M | $1.4M | −$3.9M |
| Income taxes | $1.9M | $2.8M | −$31.0M | $1.9M | $2.2M | $3.4M | −$15.3M | $1.7M | $1.9M | $1.0M | $917,000 | $279,000 |
| Net income | $6.8M | $11.6M | $43.5M | $6.5M | $8.3M | $14.5M | $28.8M | $8.3M | $6.6M | $13.5M | $441,000 | −$4.1M |
| EBITDA | $12.2M | $17.6M | $15.4M | $11.0M | $13.0M | $19.7M | $15.8M | $13.9M | $11.4M | $17.7M | $8.0M | $3.4M |
| EPS (diluted) | $0.23 | $0.39 | $0.32 | $0.33 | $0.34 | $0.45 | $0.24 | $0.33 | $0.31 | $0.43 | $0.19 | $0.09 |
| Gross margin | 73.6% | 73.6% | 61.7% | 73.6% | 73.5% | 74.3% | 74.0% | 73.9% | 66.2% | 73.1% | 69.1% | 69.1% |
| Operating margin | 14.5% | 22.9% | 22.5% | 14.4% | 17.6% | 27.1% | 19.3% | 20.0% | 12.5% | 21.8% | 2.9% | −8.1% |
| Net margin | 11.2% | 17.5% | 69.2% | 11.4% | 13.9% | 22.9% | 47.1% | 14.7% | 10.8% | 20.8% | 0.7% | −7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OSPN's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OSPN financial results
In fiscal year 2025 (ended December 31, 2025), OneSpan reported revenue of $243.2 million, up 0.0% from the year before. It had net income of $72.9 million (up 27.7%), a net profit margin of 30.0%. Diluted earnings per share came to $1.44. Over five years revenue grew at an average rate of 2.4% a year.
See the OSPN stock overview for the latest quote and news, or the OSPN chart for price history and technical indicators.
OSPN income statement FAQ
What is OneSpan's annual revenue?
OneSpan reported total revenue of $243.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.0% from $243.2 million the previous year.
Is OneSpan profitable?
Yes. OneSpan reported net income of $72.9 million in fiscal 2025, a net profit margin of 30.0%; its operating margin was 20.6%.
What is OneSpan's gross margin?
OneSpan's gross margin was 70.7% in fiscal 2025: for every $100 of revenue, OneSpan kept $71 after the direct cost of its products and services.
How much does OneSpan spend on research and development?
OneSpan spent $34.2 million on research and development in fiscal 2025, 14.0% of revenue.
How fast is OneSpan growing?
Revenue grew 2.4% a year on average over the last five fiscal years, from $215.7 million to $243.2 million.
What are OneSpan's earnings per share?
OneSpan earned $1.44 per diluted share in fiscal 2025, compared with $1.31 a year earlier.
When will OneSpan report its next earnings?
OneSpan is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does OneSpan's fiscal year end?
OneSpan's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.