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OneSpan OSPN China — Number of independent factories

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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$603.27M+20.4%
Enterprise value$561.47M+34.5%
P/E8.6×+0.3×
P/S2.5×+0.4×

Profitability

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Gross margin73.6%+1.5pp
Operating margin18.8%-1.1pp
Net margin28.5%+4.4pp
FCF margin19.5%-1.3pp

Returns & leverage

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

Where this comes from

Reported directly by OneSpan in its filing.

Tagged under the XBRL concept ospn:NumberOfIndependentFactories.

The source filing: OneSpan’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 5:15 PM EST
Fiscal year
FY2025
Accession
0001044777-26-000008

For the years 2025, 2024, and 2023, the top 10 customers contributed 18%, 20% and 22%, respectively, of total worldwide revenue. During 2025, all of the Company's hardware products were assembled by three independent factories in China and one independent factory in Romania.

Item 15 - Exhibits and Financial Statement Schedules

FAQ

What is OneSpan's china — number of independent factories?
OneSpan (OSPN) reported china — number of independent factories of 0.8 in Q4 2025.
How has OneSpan's china — number of independent factories changed year-over-year?
OneSpan's china — number of independent factories decreased by 25.0% year-over-year, from 1 to 0.8.
What is the long-term trend for OneSpan's china — number of independent factories?
Over 3 years (2022 to 2025), OneSpan's china — number of independent factories has grown at a -9.1% compound annual growth rate (CAGR), from 4 to 3.
What does china — number of independent factories mean?
This metric represents the total count of standalone manufacturing or production facilities operated by the company within the specified geographic region. It serves as a proxy for the company's physical operational footprint and localized supply chain capacity in that market. Monitoring this figure helps investors assess the scale of regional production capabilities and potential exposure to local operational risks.

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