Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192M | $193M | $211M | $253M | $216M | $214M | $219M | $235M | $243M | $243M |
| Revenue growth | — | 0.5% | 9.3% | 19.9% | -14.9% | -0.6% | 2.1% | 7.4% | 3.4% | 0.0% |
| Gross profit | $131M | $135M | $147M | $168M | $148M | $143M | $149M | $158M | $175M | $179M |
| Gross margin | 67.9% | 69.6% | 69.3% | 66.2% | 68.6% | 66.6% | 67.8% | 67.1% | 71.8% | 73.8% |
| Operating income | $9.60M | $6.19M | -$920K | $14.2M | -$5.26M | -$26.1M | -$27.1M | -$28.9M | $44.8M | $48.4M |
| Operating margin | 5.0% | 3.2% | -0.4% | 5.6% | -2.4% | -12.2% | -12.4% | -12.3% | 18.4% | 19.9% |
| Net income | $10.5M | -$22.4M | $3.04M | $7.86M | -$5.46M | -$30.6M | -$14.4M | -$29.8M | $57.1M | $72.9M |
| Net margin | 5.5% | -11.6% | 1.4% | 3.1% | -2.5% | -14.3% | -6.6% | -12.7% | 23.5% | 30.0% |
| EPS (diluted) | $0.27 | -$0.56 | $0.08 | $0.20 | -$0.14 | -$0.77 | -$0.36 | -$0.74 | $1.46 | $1.88 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $28.4M | $17.6M | $1.23M | $18.2M | $14.9M | -$2.75M | -$5.76M | -$10.7M | $55.7M | $59.5M |
| Capital expenditures | $2.04M | $3.09M | $3.69M | $7.45M | $3.10M | $2.17M | $5.00M | $12.5M | $9.24M | $8.96M |
| Free cash flow | $26.4M | $14.5M | -$2.46M | $10.8M | $11.8M | -$4.91M | -$10.8M | -$23.2M | $46.4M | $50.5M |
| Share buybacks | — | — | — | — | $5.03M | $7.47M | $5.72M | $29.2M | $3.00K | $13.1M |
| Dividends paid | — | — | — | — | — | — | — | $0.00 | $0.00 | $18.5M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $49.3M | $78.7M | $76.7M | $84.3M | $88.4M | $63.4M | $96.2M | $43.0M | $83.2M | $70.5M |
| Total assets | $327M | $338M | $353M | $383M | $375M | $342M | $335M | $289M | $339M | $398M |
| Total liabilities | $74.1M | $99.7M | $100M | $120M | $118M | $122M | $132M | $130M | $126M | $126M |
| Shareholders' equity | $253M | $238M | $252M | $262M | $257M | $220M | $203M | $159M | $213M | $272M |
| Retained earnings | $179M | $156M | $172M | $179M | $174M | $143M | $129M | $98.9M | $151M | $210M |
| Shares (wtd avg diluted) | 39.8M | 39.8M | 40.0M | 40.1B | 40.0M | 39.6M | 40.1M | 40.2M | 39.1M | 38.9M |
Every figure is extracted from OneSpan Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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