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OneSpan OSPN Free cash flow margin

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Other financials

Income statement

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Revenue$65.9M+4.1%
Gross profit$48.5M+3.0%
Operating income$14.8M-13.8%
Net income$11.6M-20.3%
EPS (diluted)$0.30-18.9%

Balance sheet

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Cash & equivalents$49.8M-52.8%
Total debt$8.0M-10.7%
Total equity$272.0M+17.7%
Total assets$383.1M+14.8%

Cash flow

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Operating cash flow$28.2M-4.1%
CapEx$3.1M+91.9%
Free cash flow$25.1M-9.7%

Valuation

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Market cap$501.6M-14.2%
Enterprise value$459.8M-5.9%
P/E7.2×-2.9×
P/S-0.4×

Profitability

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Gross margin73.6%+1.5pp
Operating margin18.8%-1.1pp
Net margin28.5%+4.4pp

Returns & leverage

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Return on equity27.8%-1.1pp
Debt / equity0.0×
Current ratio1.3×-0.7×

Where this comes from

Calculated from OneSpan’s reported figures.

Based on trailing twelve months.

The official record: OneSpan’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OneSpan's free cash flow margin?
OneSpan (OSPN) reported free cash flow margin of 19.5% in Q1 2026.
How has OneSpan's free cash flow margin changed year-over-year?
OneSpan's free cash flow margin decreased by 6.4% year-over-year, from 20.8% to 19.5%.
What is the long-term trend for OneSpan's free cash flow margin?
Over 3 years (2020 to 2025), OneSpan's free cash flow margin has grown at a 55.9% compound annual growth rate (CAGR), from 5.5% to 20.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.