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Side-by-side financial comparison of Better Home & Finance Holding Co (BETR) 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 $44.3M, roughly 1.5× Better Home & Finance Holding Co). OneSpan Inc. runs the higher net margin — 17.5% vs -3349.0%, a 3366.5% gap on every dollar of revenue. On growth, Better Home & Finance Holding Co posted the faster year-over-year revenue change (77.4% vs 4.1%). Over the past eight quarters, Better Home & Finance Holding Co's revenue compounded faster (41.1% CAGR vs 4.0%).
Bajaj Finance Limited (BFL) is an Indian deposit-taking non-banking financial company (NBFC-UL) headquartered in Pune. It has 110.64 million customers and holds assets under management worth ₹462,250 crore (US$55 billion), as of September 2025.
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.
BETR vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $44.3M | $65.9M |
| Net Profit | $-39.9M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | -3376.8% | 22.5% |
| Net Margin | -3349.0% | 17.5% |
| Revenue YoY | 77.4% | 4.1% |
| Net Profit YoY | 32.6% | — |
| EPS (diluted) | $-2.52 | $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 | $44.3M | $62.9M | ||
| Q3 25 | $43.9M | $57.1M | ||
| Q2 25 | $44.1M | $59.8M | ||
| Q1 25 | $32.6M | $63.4M | ||
| Q4 24 | $25.0M | $61.2M | ||
| Q3 24 | $29.0M | $56.2M | ||
| Q2 24 | $32.3M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-39.9M | $43.5M | ||
| Q3 25 | $-39.1M | $6.5M | ||
| Q2 25 | $-36.3M | $8.3M | ||
| Q1 25 | $-50.6M | $14.5M | ||
| Q4 24 | $-59.2M | $28.8M | ||
| Q3 24 | $-54.2M | $8.3M | ||
| Q2 24 | $-41.4M | $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 | -3376.8% | 19.9% | ||
| Q3 25 | -88.9% | 14.4% | ||
| Q2 25 | -81.9% | 17.6% | ||
| Q1 25 | -154.9% | 27.1% | ||
| Q4 24 | -1428.3% | 19.3% | ||
| Q3 24 | -186.5% | 20.0% | ||
| Q2 24 | -127.6% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -3349.0% | 69.2% | ||
| Q3 25 | -89.2% | 11.4% | ||
| Q2 25 | -82.2% | 13.9% | ||
| Q1 25 | -155.3% | 22.9% | ||
| Q4 24 | -1437.5% | 47.1% | ||
| Q3 24 | -187.0% | 14.7% | ||
| Q2 24 | -128.2% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-2.52 | $1.13 | ||
| Q3 25 | $-2.56 | $0.17 | ||
| Q2 25 | $-2.39 | $0.21 | ||
| Q1 25 | $-3.33 | $0.37 | ||
| Q4 24 | $-3.92 | $0.73 | ||
| Q3 24 | $-3.58 | $0.21 | ||
| Q2 24 | $-2.74 | $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 | $203.4M | $49.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $37.2M | $272.0M |
| Total Assets | $1.5B | $383.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $203.4M | $70.5M | ||
| Q3 25 | $205.8M | $85.6M | ||
| Q2 25 | $221.5M | $92.9M | ||
| Q1 25 | $228.0M | $105.2M | ||
| Q4 24 | $264.9M | $83.2M | ||
| Q3 24 | $262.1M | $77.5M | ||
| Q2 24 | $378.8M | $63.8M |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $37.2M | $271.8M | ||
| Q3 25 | $41.9M | $238.3M | ||
| Q2 25 | $76.6M | $242.5M | ||
| Q1 25 | $-102.1M | $231.1M | ||
| Q4 24 | $-58.2M | $212.5M | ||
| Q3 24 | $388.0K | $194.6M | ||
| Q2 24 | $44.9M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $1.5B | $397.7M | ||
| Q3 25 | $1.4B | $343.5M | ||
| Q2 25 | $1.2B | $357.1M | ||
| Q1 25 | $1.0B | $333.8M | ||
| Q4 24 | $913.1M | $338.7M | ||
| Q3 24 | $845.2M | $289.3M | ||
| Q2 24 | $957.9M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-166.6M | $28.2M |
| Free Cash FlowOCF − Capex | $-167.8M | — |
| FCF MarginFCF / Revenue | -378.6% | — |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-277.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $-166.6M | $12.6M | ||
| Q3 25 | $4.2M | $11.3M | ||
| Q2 25 | $-56.3M | $6.2M | ||
| Q1 25 | $-57.2M | $29.4M | ||
| Q4 24 | $-380.0M | $12.4M | ||
| Q3 24 | $-10.6M | $14.0M | ||
| Q2 24 | $-220.6M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-167.8M | $9.6M | ||
| Q3 25 | $4.0M | $8.8M | ||
| Q2 25 | $-56.7M | $4.4M | ||
| Q1 25 | $-57.4M | $27.7M | ||
| Q4 24 | $-383.4M | $10.5M | ||
| Q3 24 | $-11.7M | $12.0M | ||
| Q2 24 | $-221.8M | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | -378.6% | 15.3% | ||
| Q3 25 | 9.1% | 15.4% | ||
| Q2 25 | -128.5% | 7.3% | ||
| Q1 25 | -176.3% | 43.8% | ||
| Q4 24 | -1534.6% | 17.1% | ||
| Q3 24 | -40.5% | 21.4% | ||
| Q2 24 | -687.6% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 4.7% | ||
| Q3 25 | 0.5% | 4.4% | ||
| Q2 25 | 0.9% | 3.1% | ||
| Q1 25 | 0.6% | 2.6% | ||
| Q4 24 | 13.6% | 3.2% | ||
| Q3 24 | 4.1% | 3.5% | ||
| Q2 24 | 3.9% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 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
BETR
Segment breakdown not available.
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
