OneSpan Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $243.2M | $243.2M | $235.1M | $219.0M | $214.5M | $215.7M | $253.5M | $211.3M |
| Cost of Revenue | $63.8M | $68.6M | $77.4M | $70.4M | $71.5M | $67.6M | $85.6M | $64.8M |
| Gross Profit | $179.4M | $174.6M | $157.7M | $148.6M | $142.9M | $148.1M | $167.8M | $146.5M |
| Gross Margin | 73.8% | 71.8% | 67.1% | 67.8% | 66.6% | 68.6% | 66.2% | 69.3% |
| Operating Expenses | ||||||||
| Research & Development | $34.2M | $32.4M | $38.4M | $41.7M | $47.4M | $41.2M | $42.5M | $32.2M |
| SG&A Expense | $45.7M | $46.0M | $58.3M | $55.6M | $53.0M | $46.3M | $43.9M | $41.6M |
| Operating Income | $48.4M | $44.8M | $-28.9M | $-27.1M | $-26.1M | $-5.3M | $14.2M | $-920.0K |
| Operating Margin | 19.9% | 18.4% | -12.3% | -12.4% | -12.2% | -2.4% | 5.6% | -0.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $49.4M | $46.5M | $-27.3M | $-11.7M | $-26.1M | $-3.4M | $14.4M | $2.6M |
| Income Tax Expense | $-23.5M | $-10.6M | $2.5M | $2.7M | $4.4M | $2.0M | $6.5M | $-435.0K |
| Net Income | $72.9M | $57.1M | $-29.8M | $-14.4M | $-30.6M | $-5.5M | $7.9M | $3.0M |
| Net Margin | 30.0% | 23.5% | -12.7% | -6.6% | -14.3% | -2.5% | 3.1% | 1.4% |
| EPS (Basic) | $1.91 | $1.49 | $-0.74 | $-0.36 | $-0.77 | $-0.14 | $0.20 | $0.08 |
| EPS (Diluted) | $1.88 | $1.46 | $-0.74 | $-0.36 | $-0.77 | $-0.14 | $0.20 | $0.08 |
| Shares Outstanding (Basic) | 38.2M | 38.4M | 40.2M | 40.1M | 39.6M | 40.0M | 40.1M | 39.9M |
| Shares Outstanding (Diluted) | 38.9M | 39.1M | 40.2M | 40.1M | 39.6M | 40.0M | 40.1M | 40.0M |
| Dividends Per Share | $0.12 | $0.12 | — | — | — | — | — | — |