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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $65.9M, roughly 1.3× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -15.1%, a 32.7% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 4.1%). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 4.0%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
ALTI vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $65.9M |
| Net Profit | $-13.1M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | -2.1% | 22.5% |
| Net Margin | -15.1% | 17.5% |
| Revenue YoY | 87.0% | 4.1% |
| Net Profit YoY | 75.6% | — |
| EPS (diluted) | — | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $65.9M | ||
| Q4 25 | $86.6M | $62.9M | ||
| Q3 25 | $57.2M | $57.1M | ||
| Q2 25 | $53.1M | $59.8M | ||
| Q1 25 | $58.0M | $63.4M | ||
| Q4 24 | $46.3M | $61.2M | ||
| Q3 24 | $51.8M | $56.2M | ||
| Q2 24 | $49.5M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-13.1M | $43.5M | ||
| Q3 25 | $-84.1M | $6.5M | ||
| Q2 25 | $-24.4M | $8.3M | ||
| Q1 25 | $1.9M | $14.5M | ||
| Q4 24 | $-53.8M | $28.8M | ||
| Q3 24 | $-72.5M | $8.3M | ||
| Q2 24 | $-6.4M | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 74.3% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | -2.1% | 19.9% | ||
| Q3 25 | -49.8% | 14.4% | ||
| Q2 25 | -56.7% | 17.6% | ||
| Q1 25 | -23.3% | 27.1% | ||
| Q4 24 | -42.7% | 19.3% | ||
| Q3 24 | -18.4% | 20.0% | ||
| Q2 24 | -30.2% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -15.1% | 69.2% | ||
| Q3 25 | -147.0% | 11.4% | ||
| Q2 25 | -45.9% | 13.9% | ||
| Q1 25 | 3.3% | 22.9% | ||
| Q4 24 | -116.1% | 47.1% | ||
| Q3 24 | -140.0% | 14.7% | ||
| Q2 24 | -12.9% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | — | $1.13 | ||
| Q3 25 | — | $0.17 | ||
| Q2 25 | $-0.33 | $0.21 | ||
| Q1 25 | $-0.04 | $0.37 | ||
| Q4 24 | $-0.71 | $0.73 | ||
| Q3 24 | $-0.88 | $0.21 | ||
| Q2 24 | $-0.18 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $49.8M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $272.0M |
| Total Assets | $1.2B | $383.1M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $41.2M | $70.5M | ||
| Q3 25 | $35.8M | $85.6M | ||
| Q2 25 | $42.4M | $92.9M | ||
| Q1 25 | $52.8M | $105.2M | ||
| Q4 24 | $64.4M | $83.2M | ||
| Q3 24 | $220.6M | $77.5M | ||
| Q2 24 | $60.0M | $63.8M |
| Q1 26 | — | — | ||
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $600.1M | $271.8M | ||
| Q3 25 | $607.2M | $238.3M | ||
| Q2 25 | $685.4M | $242.5M | ||
| Q1 25 | $665.2M | $231.1M | ||
| Q4 24 | $658.4M | $212.5M | ||
| Q3 24 | $707.0M | $194.6M | ||
| Q2 24 | $540.2M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $1.2B | $397.7M | ||
| Q3 25 | $1.2B | $343.5M | ||
| Q2 25 | $1.2B | $357.1M | ||
| Q1 25 | $1.2B | $333.8M | ||
| Q4 24 | $1.3B | $338.7M | ||
| Q3 24 | $1.4B | $289.3M | ||
| Q2 24 | $1.3B | $286.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-51.4M | $28.2M |
| Free Cash FlowOCF − Capex | $-52.2M | — |
| FCF MarginFCF / Revenue | -60.3% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $-51.4M | $12.6M | ||
| Q3 25 | $-53.5M | $11.3M | ||
| Q2 25 | $-19.9M | $6.2M | ||
| Q1 25 | $-30.2M | $29.4M | ||
| Q4 24 | $-50.7M | $12.4M | ||
| Q3 24 | $-4.9M | $14.0M | ||
| Q2 24 | $-30.2M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-52.2M | $9.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | $-20.0M | $4.4M | ||
| Q1 25 | $-31.0M | $27.7M | ||
| Q4 24 | $-58.2M | $10.5M | ||
| Q3 24 | $-9.4M | $12.0M | ||
| Q2 24 | $-31.2M | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | -60.3% | 15.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | -37.6% | 7.3% | ||
| Q1 25 | -53.4% | 43.8% | ||
| Q4 24 | -125.7% | 17.1% | ||
| Q3 24 | -18.2% | 21.4% | ||
| Q2 24 | -63.2% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 4.7% | ||
| Q3 25 | 0.0% | 4.4% | ||
| Q2 25 | 0.0% | 3.1% | ||
| Q1 25 | 1.3% | 2.6% | ||
| Q4 24 | 16.3% | 3.2% | ||
| Q3 24 | 8.7% | 3.5% | ||
| Q2 24 | 2.2% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | -15.80× | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
