OneSpan Inc. (OSPN) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — OSPN

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	43.34	49.75	85.55	92.89	105.21	77.48	63.84	63.86	68.50	83.09	106.52	81.83	77.58	58.63	66.53	70.82
Accounts Receivable	40.44	33.24	27.48	35.06	29.60	28.84	43.80	32.38	38.67	38.15	32.28	43.74	39.86	44.75	45.76	47.89
Inventory	9.51	9.14	11.24	11.45	11.03	13.02	12.51	14.59	15.46	15.00	15.64	9.47	10.00	11.72	9.50	11.35
Total Current Assets	127.59	122.88	157.53	169.48	170.56	141.87	143.87	134.17	146.06	159.95	176.26	167.41	170.52	178.25	187.44	196.72
Property, Plant & Equipment	23.90	22.90	21.37	21.37	21.11	20.84	20.25	20.35	16.52	15.60	15.10	10.80	10.13	10.96	11.47	11.72
Goodwill	127.83	128.14	102.29	103.26	94.20	96.13	93.07	93.07	91.37	93.29	92.24	86.19	90.42	96.22	97.84	97.45
Intangible Assets	15.29	16.48	9.98	10.68	6.92	8.12	8.68	10.15	11.91	12.63	13.32	13.04	18.12	22.61	24.23	25.70
Total Non-current Assets*	259.43	260.26	185.99	187.62	163.25	147.40	143.00	142.98	136.63	138.69	141.05	132.12	141.39	163.09	166.89	165.75
Total Assets	387.02	383.15	343.52	357.10	333.81	289.27	286.86	277.14	282.69	298.65	317.31	299.53	311.91	341.35	354.33	362.48
Accounts Payable	11.03	11.12	10.38	15.64	12.01	13.28	14.59	12.15	16.54	17.61	17.26	9.82	9.12	7.88	6.92	5.79
Total Current Liabilities	96.22	98.00	90.03	95.58	87.04	80.44	93.70	92.17	91.33	97.31	96.95	77.58	79.05	73.33	76.88	74.60
Total Non-current Liabilities*	17.33	13.13	15.17	19.02	15.66	14.24	14.58	14.10	14.04	14.74	21.02	27.03	28.52	37.40	38.80	41.40
Total Liabilities	113.54	111.13	105.20	114.59	102.69	94.69	108.28	106.27	105.38	112.05	117.98	104.61	107.57	110.73	115.68	116.00
Retained Earnings	218.06	216.42	170.94	169.24	165.75	127.23	118.96	112.41	98.50	102.63	120.38	131.84	139.04	156.95	157.92	164.60
Total Stockholder Equity	273.48	272.02	238.32	242.51	231.12	194.59	178.58	170.87	177.32	186.60	199.33	194.92	204.34	230.62	238.65	246.48

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Total Revenue	60.47	65.95	62.92	57.06	59.84	63.37	61.17	56.24	60.92	64.84	62.93	58.84	55.73	57.61	56.62	57.15	52.79	59.15	52.28	52.28
Cost of Revenue	15.98	17.43	16.62	15.05	15.88	16.27	15.88	14.69	20.58	17.45	19.46	18.17	21.44	18.32	18.67	18.72	17.28	24.90	14.86	16.47
Gross Profit	44.48	48.51	46.29	42.00	43.97	47.09	45.29	41.55	40.34	47.40	43.47	40.67	34.29	39.29	37.96	38.43	35.51	34.26	37.42	35.81
Research & Development	9.91	9.08	7.99	8.80	9.44	7.93	8.29	7.53	8.34	8.26	8.73	10.13	10.09	9.46	8.14	9.54	12.88	11.72	11.36	12.10
Selling, General & Admin	11.95	10.96	12.22	12.15	11.78	9.55	13.10	11.34	11.56	10.01	14.23	11.56	15.83	16.65	16.00	11.81	13.27	14.23	11.21	15.04
Total Operating Expenses	35.74	33.70	33.76	33.78	33.46	29.91	33.49	30.30	32.70	33.28	41.65	45.46	52.06	47.42	41.96	44.06	43.74	40.21	39.44	44.67
Operating Income	8.74	14.82	12.53	8.23	10.51	17.18	11.81	11.25	7.64	14.11	1.82	(4.79)	(17.76)	(8.13)	(4.01)	(5.62)	(8.24)	(5.96)	(2.02)	(8.86)
Pretax Income	8.63	14.41	12.52	8.41	10.57	17.86	13.54	9.96	8.49	14.50	1.36	(3.85)	(17.15)	(7.67)	(2.60)	(6.60)	(8.88)	(6.93)	(1.74)	(7.83)
Tax Provision	1.85	2.85	(31.02)	1.89	2.23	3.36	(15.25)	1.69	1.94	1.03	0.92	0.28	0.60	0.69	0.50	0.60	0.47	6.85	(0.76)	(1.14)
Net Income	6.78	11.57	43.54	6.51	8.34	14.51	28.79	8.27	6.55	13.47	0.44	(4.13)	(17.75)	(8.36)	(3.10)	(7.20)	(9.35)	(13.77)	(0.97)	(6.68)
Basic EPS	0.18	0.31	1.14	0.17	0.22	0.38	0.76	0.21	0.17	0.35	0.01	(0.10)	(0.44)	(0.21)	(0.08)	(0.18)	(0.23)	(0.35)	(0.02)	(0.17)
Diluted EPS	0.18	0.30	1.13	0.17	0.21	0.37	0.73	0.21	0.17	0.35	0.01	(0.10)	(0.44)	(0.21)	(0.08)	(0.18)	(0.23)	(0.35)	(0.02)	(0.17)

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Operating Cash Flow	(0.10)	28.17	12.57	11.30	6.22	29.37	12.43	13.98	2.30	26.96	3.10	(7.45)	(19.63)	13.24	7.89	(13.68)	3.66	1.68	(5.61)	(2.40)
Capital Expenditures	3.18	3.12	2.94	2.54	1.86	1.63	1.97	1.95	2.28	3.05	3.45	2.54	3.42	3.07	2.45	2.55	0.27	0.64	0.32	0.45
Free Cash Flow*	(3.28)	25.05	9.63	8.77	4.36	27.74	10.45	12.03	0.03	23.92	(0.35)	(9.99)	(23.05)	10.17	5.44	(16.23)	3.39	1.04	(5.93)	(2.85)
Investing Cash Flow	(3.22)	(37.75)	(15.57)	(4.47)	(13.89)	(1.64)	(1.98)	(1.97)	(2.28)	(3.08)	(3.48)	(2.56)	(3.43)	(2.55)	7.04	39.55	17.28	3.32	3.08	1.06
Financing Cash Flow	(3.00)	(11.37)	(12.10)	(14.16)	(6.25)	(5.91)	(2.41)	(0.80)	(0.24)	(1.79)	(26.23)	(4.32)	(0.45)	(1.10)	(0.51)	(6.80)	(0.63)	(0.14)	(5.11)	(3.00)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025
Dividends Per Share	0.13	0.13	(0.24)	0.12	0.12	0.12