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OneSpan Inc. (OSPN) Annual Reports

Q: Where can I read OneSpan Inc. (OSPN) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

OneSpan Inc. is listed on Nasdaq, classified by the SEC under Services-Computer Integrated Systems Design (SIC 7373). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1044777 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$60.5M	$59.8M	+1.0%
Operating income	$8.7M	$10.5M	-16.8%
Net income	$6.8M	$8.3M	-18.7%
EPS (diluted)	$0.18	$0.21	-14.3%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 60.5 mn Net income 6.78 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	102	24.7	26.3	33.0	36.1	43.0	41.4	48.5	32.3	46.6	36.3	38.8	35.4	37.3	39.2	43.3	38.8	47.6	52.6	62.4	65.1	65.4	60.0	50.9	46.8	54.3	43.6	47.6	42.0	45.7	51.1	54.5	45.4	49.5	52.5	64.8	47.6	56.2	79.7	71.0	56.5	55.0	51.4	52.9	50.8	52.3	52.3	59.1	52.5	52.8	57.1	56.6	57.6	55.7	58.8	62.9	64.8	60.9	56.2	61.2	63.4	59.8	57.1	62.9	66.0	60.5
Gross profit	71.2	17.4	18.6	23.3	22.6	26.3	27.8	32.0	21.9	29.4	23.9	24.4	23.1	23.9	25.1	27.9	25.8	31.0	35.6	35.4	37.7	38.5	36.3	33.6	33.9	38.5	32.1	31.9	29.9	32.0	36.6	35.9	34.7	36.0	34.5	42.3	31.6	38.4	53.1	49.6	40.4	36.7	36.0	39.3	35.5	35.8	37.4	37.5	36.7	35.5	38.4	38.0	39.3	34.3	40.7	43.5	47.4	40.3	41.5	45.3	47.1	44.0	42.0	46.3	48.5	44.5
Operating income	12.6	1.58	2.50	7.59	4.19	3.40	7.44	9.08	2.22	9.00	6.28	3.54	2.72	1.92	5.03	4.04	3.89	7.65	13.8	12.7	16.1	15.8	13.5	5.17	3.12	3.39	0.91	2.19	0.3	-0.4	5.11	1.18	1.65	-2.61	-3.11	4.10	-5.53	-2.21	17.1	5.89	0.95	-1.69	-2.35	-2.04	-9.29	-8.86	-2.02	-5.96	-9.24	-8.24	-5.62	-4.01	-8.13	-17.8	-4.79	1.82	14.1	7.64	11.3	11.8	17.2	10.5	8.23	12.5	14.8	8.74
Net income	11.9	1.40	2.18	6.65	2.50	2.62	2.24	10.8	1.91	7.16	4.51	2.02	2.79	1.81	3.32	3.23	3.51	6.89	11.2	11.9	13.6	13.8	11.2	3.48	2.20	2.83	0.48	5.01	0.57	0.11	2.76	-25.8	1.79	-1.00	-0.91	3.96	-5.67	-2.46	11.9	5.05	0.1	-2.02	-1.68	-1.76	-9.15	-6.68	-0.97	-13.8	5.21	-9.35	-7.20	-3.10	-8.36	-17.8	-4.13	0.44	13.5	6.55	8.27	28.8	14.5	8.34	6.51	43.5	11.6	6.78

Balance sheet

Quarterly · In mn (USD)

Total assets 387 mn Total liabilities 114 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	123	—	127	129	140	144	144	150	159	159	143	154	162	165	179	192	206	217	231	247	183	190	194	195	207	209	211	219	228	228	177	169	192	187	184	198	212	208	202	202	207	197	187	178	187	189	171	167	198	176	160	146	146	134	144	142	175	171	169	158	172	123	128
Total assets	—	—	—	143	—	163	158	169	173	171	178	187	185	190	201	212	216	230	240	251	259	272	287	312	310	314	315	327	328	329	336	338	347	347	333	353	355	347	365	385	377	368	370	375	362	354	341	342	336	312	300	335	317	299	283	289	277	287	289	339	334	357	344	398	383	387
Current liabilities	—	—	—	25.8	—	32.9	29.7	31.2	31.4	25.9	26.5	29.9	27.6	30.1	34.0	37.1	37.2	43.6	44.3	45.2	42.5	39.0	41.9	55.7	57.1	58.5	58.0	68.0	67.0	58.1	60.1	66.2	57.4	60.9	56.9	72.4	73.3	63.7	71.4	74.1	68.7	70.5	66.6	75.3	74.6	76.9	73.3	89.1	80.4	79.0	77.6	111	97.0	97.3	91.3	115	92.2	93.7	80.4	110	87.0	95.6	90.0	115	98.0	96.2
Total liabilities	—	—	—	26.4	—	35.1	31.1	33.1	31.8	26.3	26.8	30.2	27.8	30.4	34.4	37.6	37.6	44.1	45.1	45.5	42.7	39.1	42.0	63.8	58.1	59.5	58.9	70.7	69.8	68.4	70.4	99.7	92.6	96.2	83.5	100	108	102	111	121	116	111	110	118	116	116	111	122	112	108	105	132	118	112	105	130	106	108	94.7	126	103	115	105	126	111	114
Equity	108	—	—	116	—	128	127	136	141	145	151	156	157	159	167	174	178	186	195	206	216	232	245	248	252	255	256	257	258	261	265	238	254	251	250	252	248	245	254	264	261	257	259	257	246	239	231	220	224	204	195	203	199	187	177	159	171	179	195	213	231	243	238	272	272	273

Cash flow

Quarterly · In mn (USD)

Operating -0.1 mn Investing -3.22 mn Financing -3.00 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	12.8	14.4	6.81	-0.14	11.5	0.4	-3.70	9.70	8.00	-5.29	10.6	9.78	0.42	1.20	4.86	3.86	11.3	15.7	2.97	8.72	12.3	7.54	28.0	21.0	3.15	11.7	9.99	3.53	1.71	10.3	3.08	2.58	9.73	-10.4	-8.56	10.4	-3.74	-19.1	9.13	31.9	-2.35	6.73	3.05	7.49	3.58	-2.40	-5.61	1.68	3.66	-14.9	-2.39	7.89	13.2	-19.6	-7.45	3.10	27.0	2.30	14.0	12.4	29.4	6.22	11.3	12.6	28.2	-0.1
Investing	-2.73	-0.58	-0.64	-0.55	-8.05	-7.62	6.24	-0.35	-0.29	-0.17	-0.47	-0.61	0.09	-19.6	-0.32	-0.61	-0.4	-31.9	-15.2	-20.2	-10.3	-0.48	34.7	-79.9	-11.2	-45.9	-14.2	14.8	5.13	-10.3	-10.3	28.3	37.7	-13.8	-0.39	-23.3	-2.65	-1.67	-3.29	-2.28	-1.67	-1.85	-0.6	-0.54	-18.4	1.06	3.08	3.32	17.3	15.3	6.99	7.04	-2.55	-3.43	-2.56	-3.48	-3.08	-2.28	-1.97	-1.98	-1.64	-13.9	-4.47	-15.6	-37.8	-3.22
Financing	0.12	0	0	0	0.01	0	0.02	0.11	0.1	0	0.09	0.25	-0.69	-0.03	0	3.15	-0.04	0.09	0.13	0	-0.43	0.02	0	-6.04	-0.42	-0.58	0	-0.05	-0.15	-0.04	-0.06	-0.38	-0.18	-0.05	-0.17	-0.57	-0.22	-0.05	-0.13	-0.17	-0.29	-0.89	-0.78	-5.10	-2.14	-3.00	-5.11	-0.14	-0.63	-5.81	-0.36	-0.51	-1.10	-0.45	-4.32	-26.2	-1.79	-0.24	-0.8	-2.41	-5.91	-6.25	-14.2	-12.1	-11.4	-3.00
Cash at period end	67.6	76.0	86.4	85.5	86.0	84.6	77.5	84.5	93.4	85.2	96.1	106	105	85.7	92.1	98.6	109	93.3	81.0	72.4	74.2	82.1	144	78.5	70.3	35.6	31.5	49.4	56.3	56.4	49.3	78.7	126	101	91.9	76.7	69.9	49.1	54.9	84.3	79.6	84.0	85.9	88.4	70.8	66.5	58.6	63.4	83.7	77.6	81.8	96.5	107	83.1	68.5	42.5	63.9	63.8	77.5	83.2	105	92.9	85.5	70.5	49.8	43.3

Profitability

Quarterly · %

Gross margin 73.6% Operating margin 14.5% Net margin 11.2%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	70.0%	70.5%	70.5%	70.6%	62.7%	61.2%	67.1%	66.0%	67.8%	63.1%	65.7%	62.8%	65.3%	64.1%	64.0%	64.4%	66.5%	65.1%	67.6%	56.6%	57.8%	58.9%	60.4%	66.1%	72.5%	71.0%	73.5%	67.1%	71.3%	70.1%	71.7%	65.9%	76.4%	72.6%	65.8%	65.2%	66.3%	68.2%	66.5%	69.9%	71.5%	66.8%	69.9%	74.2%	69.8%	68.5%	71.6%	63.3%	69.9%	67.3%	67.3%	67.0%	68.2%	61.5%	69.1%	69.1%	73.1%	66.2%	73.9%	74.0%	74.3%	73.5%	73.6%	73.6%	73.6%	73.6%
Operating margin	12.4%	6.4%	9.5%	23.0%	11.6%	7.9%	18.0%	18.7%	6.9%	19.3%	17.3%	9.1%	7.7%	5.2%	12.8%	9.3%	10.0%	16.0%	26.3%	20.4%	24.7%	24.1%	22.4%	10.2%	6.7%	6.2%	2.1%	4.6%	0.7%	-0.9%	10.0%	2.2%	3.6%	-5.3%	-5.9%	6.3%	-11.6%	-3.9%	21.5%	8.3%	1.7%	-3.1%	-4.6%	-3.9%	-18.3%	-16.9%	-3.9%	-10.1%	-17.6%	-15.6%	-9.8%	-7.1%	-14.1%	-31.9%	-8.2%	2.9%	21.8%	12.5%	20.0%	19.3%	27.1%	17.6%	14.4%	19.9%	22.5%	14.5%
Net margin	11.7%	5.6%	8.3%	20.2%	6.9%	6.1%	5.4%	22.2%	5.9%	15.4%	12.4%	5.2%	7.9%	4.9%	8.5%	7.5%	9.0%	14.4%	21.2%	19.1%	20.9%	21.2%	18.6%	6.8%	4.7%	5.2%	1.1%	10.5%	1.4%	0.2%	5.4%	-47.4%	3.9%	-2.0%	-1.7%	6.1%	-11.9%	-4.4%	14.9%	7.1%	0.2%	-3.7%	-3.3%	-3.3%	-18.0%	-12.8%	-1.9%	-23.3%	9.9%	-17.7%	-12.6%	-5.5%	-14.5%	-31.9%	-7.0%	0.7%	20.8%	10.8%	14.7%	47.1%	22.9%	13.9%	11.4%	69.2%	17.5%	11.2%

Returns & leverage

Quarterly · %

ROE 26.5% ROA 18.4% Debt ratio 29.3%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	19.0%	—	10.9%	11.1%	14.4%	12.5%	16.2%	17.5%	10.7%	11.1%	7.3%	6.3%	6.7%	7.1%	9.8%	13.7%	17.6%	22.1%	24.2%	23.0%	18.6%	13.1%	8.1%	3.6%	4.2%	3.5%	2.4%	3.2%	-9.1%	-8.3%	-8.7%	-10.1%	1.6%	-1.4%	-2.0%	3.1%	3.4%	5.7%	6.0%	0.6%	-2.1%	-5.8%	-7.8%	-7.6%	-12.8%	-6.9%	-8.5%	-11.8%	-6.8%	-13.2%	-18.6%	-17.9%	-16.4%	-4.3%	8.9%	15.4%	30.7%	28.9%	28.4%	26.9%	30.1%	27.8%	26.5%
ROA	—	—	—	15.5%	—	8.6%	8.9%	11.6%	10.2%	13.2%	14.5%	8.8%	9.2%	6.2%	5.2%	5.6%	5.9%	8.1%	11.2%	14.5%	18.4%	20.2%	19.2%	15.0%	10.8%	6.7%	3.0%	3.3%	2.8%	1.9%	2.6%	-6.7%	-6.3%	-6.6%	-7.8%	1.1%	-1.0%	-1.5%	2.2%	2.4%	4.0%	4.2%	0.4%	-1.4%	-4.0%	-5.3%	-5.2%	-8.5%	-4.6%	-5.7%	-7.8%	-4.3%	-8.6%	-11.9%	-11.4%	-9.6%	-2.7%	5.6%	10.1%	18.2%	19.0%	18.6%	18.4%	19.8%	19.5%	18.4%
Debt ratio	—	—	—	18.5%	—	21.5%	19.7%	19.6%	18.4%	15.4%	15.0%	16.2%	15.1%	16.0%	17.1%	17.8%	17.4%	19.2%	18.8%	18.1%	16.5%	14.4%	14.7%	20.4%	18.7%	18.9%	18.7%	21.6%	21.3%	20.8%	21.0%	29.5%	26.7%	27.7%	25.1%	28.4%	30.3%	29.5%	30.4%	31.4%	30.9%	30.2%	29.9%	31.4%	32.0%	32.6%	32.4%	35.8%	33.4%	34.5%	34.9%	39.3%	37.2%	37.5%	37.3%	45.0%	38.4%	37.8%	32.7%	37.3%	30.8%	32.1%	30.6%	31.6%	29.0%	29.3%

EPS

Quarterly · US$

EPS US$0.18

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.31	0.04	0.06	0.17	0.06	0.07	0.06	0.28	0.05	0.18	0.12	0.05	0.07	0.05	0.08	0.08	0.09	0.17	0.28	0.30	0.34	0.35	0.28	0.09	0.06	0.07	0.01	0.13	0.01	0.00	0.07	-0.65	0.04	-0.03	-0.02	0.10	-0.14	-0.06	0.30	0.13	0.00	-0.05	-0.04	-0.04	-0.23	-0.17	-0.02	-0.35	0.13	-0.23	-0.18	-0.08	-0.21	-0.44	-0.10	0.01	0.35	0.17	0.21	0.73	0.37	0.21	0.17	1.12	0.30	0.18

Revenue & profit

Year-to-date · In mn (USD)

Revenue 126 mn Net income 18.4 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 387 mn Total liabilities 114 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 28.1 mn Investing -41.0 mn Financing -14.4 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 73.6% Operating margin 18.6% Net margin 14.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 26.5% ROA 18.4% Debt ratio 29.3%

EPS

Year-to-date · US$

EPS US$0.48

Revenue & profit

Annual · In mn (USD)

Revenue 243 mn Net income 72.9 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	169	154	155	202	241	192	193	212	255	216	214	219	235	243	243
Gross profit	109	99.6	99.9	128	146	137	135	147	173	152	146	149	158	175	179
Operating income	24.1	21.0	13.7	38.1	50.5	9.60	6.19	0.02	15.3	-5.14	-26.1	-27.1	-28.9	44.8	48.5
Net income	18.1	15.6	11.2	33.5	42.1	10.5	-22.4	3.85	8.79	-5.36	-30.6	-14.4	-29.8	57.1	72.9

Balance sheet

Annual · In mn (USD)

Total assets 398 mn Total liabilities 126 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	140	159	162	206	183	207	228	192	212	207	187	198	146	175	172
Total assets	169	187	212	251	312	327	338	353	385	375	342	335	289	339	398
Current liabilities	31.2	29.9	37.1	45.2	55.7	68.0	66.2	72.4	74.1	75.3	89.1	111	115	110	115
Total liabilities	33.1	30.2	37.6	45.5	63.8	70.7	99.7	100	121	118	122	132	130	126	126
Equity	136	156	174	206	248	257	238	252	264	257	220	203	159	213	272

Cash flow

Annual · In mn (USD)

Operating 59.5 mn Investing -35.6 mn Financing -38.4 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	17.9	23.0	10.3	38.8	68.8	28.4	17.6	1.23	18.2	14.9	-2.74	-5.79	-10.7	55.7	59.5
Investing	-9.78	-1.55	-20.5	-67.8	-56.0	-56.5	12.8	0.19	-9.89	-4.66	-11.0	46.6	-12.0	-9.30	-35.6
Financing	0.15	0.44	2.43	0.18	-6.44	-1.05	-0.64	-0.97	-0.57	-7.06	-10.4	-7.31	-32.1	-5.24	-38.4
Cash at period end	84.5	106	98.6	72.4	78.5	49.4	78.7	76.7	84.3	88.4	63.4	96.5	42.5	83.2	70.5

Profitability

Annual · %

Gross margin 73.8% Operating margin 19.9% Net margin 30.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	64.3%	64.6%	64.4%	63.4%	60.5%	71.0%	69.6%	69.5%	67.8%	70.6%	68.1%	67.8%	67.1%	71.8%	73.8%
Operating margin	14.3%	13.7%	8.8%	18.9%	20.9%	5.0%	3.2%	0.0%	6.0%	-2.4%	-12.2%	-12.4%	-12.3%	18.4%	19.9%
Net margin	10.7%	10.1%	7.2%	16.6%	17.5%	5.5%	-11.6%	1.8%	3.5%	-2.5%	-14.3%	-6.6%	-12.7%	23.5%	30.0%

Returns & leverage

Annual · %

ROE 30.1% ROA 19.8% Debt ratio 31.6%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	13.3%	10.7%	6.7%	17.6%	18.6%	4.2%	-9.1%	1.6%	3.4%	-2.1%	-12.8%	-6.8%	-16.4%	30.7%	30.1%
ROA	10.7%	8.8%	5.6%	14.5%	15.0%	3.3%	-6.7%	1.1%	2.4%	-1.4%	-8.5%	-4.3%	-9.6%	18.2%	19.8%
Debt ratio	19.6%	16.2%	17.8%	18.1%	20.4%	21.6%	29.5%	28.4%	31.4%	31.4%	35.8%	39.3%	45.0%	37.3%	31.6%

EPS

Annual · US$

EPS US$1.87

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.47	0.40	0.28	0.84	1.06	0.27	-0.57	0.09	0.23	-0.13	-0.77	-0.36	-0.74	1.46	1.87

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read OneSpan Inc. (OSPN) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

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