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Side-by-side financial comparison of ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.

OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $42.3M, roughly 1.6× ALTISOURCE PORTFOLIO SOLUTIONS S.A.). OneSpan Inc. runs the higher net margin — 17.5% vs -16.8%, a 34.4% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs 3.2%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs 3.6%).

Altisource Portfolio Solutions S.A. is a global provider of integrated technology, data and operational services for the mortgage, real estate and consumer finance sectors. It serves lenders, servicers and investors, offering solutions that streamline asset management and residential property transaction workflows to boost operational efficiency.

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.

ASPS vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.6× larger
OSPN
$65.9M
$42.3M
ASPS
Growing faster (revenue YoY)
OSPN
OSPN
+0.8% gap
OSPN
4.1%
3.2%
ASPS
Higher net margin
OSPN
OSPN
34.4% more per $
OSPN
17.5%
-16.8%
ASPS
Faster 2-yr revenue CAGR
OSPN
OSPN
Annualised
OSPN
4.0%
3.6%
ASPS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASPS
ASPS
OSPN
OSPN
Revenue
$42.3M
$65.9M
Net Profit
$-7.1M
$11.6M
Gross Margin
26.5%
73.6%
Operating Margin
-15.5%
22.5%
Net Margin
-16.8%
17.5%
Revenue YoY
3.2%
4.1%
Net Profit YoY
18.2%
EPS (diluted)
$-1.02
$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.

Revenue
ASPS
ASPS
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$42.3M
$62.9M
Q3 25
$41.9M
$57.1M
Q2 25
$43.3M
$59.8M
Q1 25
$43.4M
$63.4M
Q4 24
$41.0M
$61.2M
Q3 24
$40.5M
$56.2M
Q2 24
$39.1M
$60.9M
Net Profit
ASPS
ASPS
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$-7.1M
$43.5M
Q3 25
$-2.3M
$6.5M
Q2 25
$16.7M
$8.3M
Q1 25
$-5.3M
$14.5M
Q4 24
$-8.7M
$28.8M
Q3 24
$-9.3M
$8.3M
Q2 24
$-8.3M
$6.6M
Gross Margin
ASPS
ASPS
OSPN
OSPN
Q1 26
73.6%
Q4 25
26.5%
73.6%
Q3 25
27.1%
73.6%
Q2 25
30.1%
73.5%
Q1 25
30.7%
74.3%
Q4 24
30.3%
74.0%
Q3 24
29.8%
73.9%
Q2 24
32.5%
66.2%
Operating Margin
ASPS
ASPS
OSPN
OSPN
Q1 26
22.5%
Q4 25
-15.5%
19.9%
Q3 25
1.2%
14.4%
Q2 25
7.5%
17.6%
Q1 25
7.5%
27.1%
Q4 24
1.4%
19.3%
Q3 24
2.7%
20.0%
Q2 24
5.3%
12.5%
Net Margin
ASPS
ASPS
OSPN
OSPN
Q1 26
17.5%
Q4 25
-16.8%
69.2%
Q3 25
-5.5%
11.4%
Q2 25
38.5%
13.9%
Q1 25
-12.1%
22.9%
Q4 24
-21.3%
47.1%
Q3 24
-23.0%
14.7%
Q2 24
-21.1%
10.8%
EPS (diluted)
ASPS
ASPS
OSPN
OSPN
Q1 26
$0.39
Q4 25
$-1.02
$1.13
Q3 25
$-0.22
$0.17
Q2 25
$1.48
$0.21
Q1 25
$-0.09
$0.37
Q4 24
$-4.72
$0.73
Q3 24
$-2.61
$0.21
Q2 24
$-2.33
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASPS
ASPS
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$26.6M
$49.8M
Total DebtLower is stronger
$191.1M
Stockholders' EquityBook value
$-110.2M
$272.0M
Total Assets
$139.8M
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPS
ASPS
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$26.6M
$70.5M
Q3 25
$28.6M
$85.6M
Q2 25
$30.0M
$92.9M
Q1 25
$30.8M
$105.2M
Q4 24
$29.8M
$83.2M
Q3 24
$28.3M
$77.5M
Q2 24
$29.7M
$63.8M
Total Debt
ASPS
ASPS
OSPN
OSPN
Q1 26
Q4 25
$191.1M
Q3 25
$192.5M
Q2 25
$193.9M
Q1 25
$195.0M
Q4 24
$230.5M
Q3 24
Q2 24
Stockholders' Equity
ASPS
ASPS
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$-110.2M
$271.8M
Q3 25
$-104.2M
$238.3M
Q2 25
$-102.7M
$242.5M
Q1 25
$-119.8M
$231.1M
Q4 24
$-157.4M
$212.5M
Q3 24
$-149.4M
$194.6M
Q2 24
$-140.8M
$178.6M
Total Assets
ASPS
ASPS
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$139.8M
$397.7M
Q3 25
$139.9M
$343.5M
Q2 25
$142.9M
$357.1M
Q1 25
$145.7M
$333.8M
Q4 24
$143.6M
$338.7M
Q3 24
$144.5M
$289.3M
Q2 24
$146.6M
$286.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASPS
ASPS
OSPN
OSPN
Operating Cash FlowLast quarter
$-505.0K
$28.2M
Free Cash FlowOCF − Capex
$-525.0K
FCF MarginFCF / Revenue
-1.2%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$-5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPS
ASPS
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$-505.0K
$12.6M
Q3 25
$718.0K
$11.3M
Q2 25
$-306.0K
$6.2M
Q1 25
$-5.0M
$29.4M
Q4 24
$-1.4M
$12.4M
Q3 24
$-1.6M
$14.0M
Q2 24
$180.0K
$2.3M
Free Cash Flow
ASPS
ASPS
OSPN
OSPN
Q1 26
Q4 25
$-525.0K
$9.6M
Q3 25
$697.0K
$8.8M
Q2 25
$-309.0K
$4.4M
Q1 25
$-5.0M
$27.7M
Q4 24
$-1.4M
$10.5M
Q3 24
$12.0M
Q2 24
$26.0K
FCF Margin
ASPS
ASPS
OSPN
OSPN
Q1 26
Q4 25
-1.2%
15.3%
Q3 25
1.7%
15.4%
Q2 25
-0.7%
7.3%
Q1 25
-11.5%
43.8%
Q4 24
-3.4%
17.1%
Q3 24
21.4%
Q2 24
0.0%
Capex Intensity
ASPS
ASPS
OSPN
OSPN
Q1 26
Q4 25
0.0%
4.7%
Q3 25
0.1%
4.4%
Q2 25
0.0%
3.1%
Q1 25
0.1%
2.6%
Q4 24
0.0%
3.2%
Q3 24
0.0%
3.5%
Q2 24
0.0%
3.7%
Cash Conversion
ASPS
ASPS
OSPN
OSPN
Q1 26
2.44×
Q4 25
0.29×
Q3 25
1.74×
Q2 25
-0.02×
0.75×
Q1 25
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

ASPS
ASPS

Services$39.9M94%
Revenue Relatedto Technology Platformsand Professional Services$2.4M6%

OSPN
OSPN

Product and license$35.5M54%
Services and other$30.4M46%

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