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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.4× First Foundation Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -97.9%, a 115.4% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 4.1%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.4× larger
OSPN
$65.9M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+417.6% gap
FFWM
421.7%
4.1%
OSPN
Higher net margin
OSPN
OSPN
115.4% more per $
OSPN
17.5%
-97.9%
FFWM
Faster 2-yr revenue CAGR
OSPN
OSPN
Annualised
OSPN
4.0%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FFWM
FFWM
OSPN
OSPN
Revenue
$48.4M
$65.9M
Net Profit
$-8.0M
$11.6M
Gross Margin
73.6%
Operating Margin
-97.5%
22.5%
Net Margin
-97.9%
17.5%
Revenue YoY
421.7%
4.1%
Net Profit YoY
43.0%
EPS (diluted)
$-0.09
$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
FFWM
FFWM
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$48.4M
$62.9M
Q3 25
$63.6M
$57.1M
Q2 25
$51.4M
$59.8M
Q1 25
$71.4M
$63.4M
Q4 24
$9.3M
$61.2M
Q3 24
$9.2M
$56.2M
Q2 24
$57.5M
$60.9M
Net Profit
FFWM
FFWM
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$-8.0M
$43.5M
Q3 25
$-146.3M
$6.5M
Q2 25
$-7.7M
$8.3M
Q1 25
$6.9M
$14.5M
Q4 24
$-14.1M
$28.8M
Q3 24
$-82.2M
$8.3M
Q2 24
$3.1M
$6.6M
Gross Margin
FFWM
FFWM
OSPN
OSPN
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%
Operating Margin
FFWM
FFWM
OSPN
OSPN
Q1 26
22.5%
Q4 25
-97.5%
19.9%
Q3 25
-92.7%
14.4%
Q2 25
-21.1%
17.6%
Q1 25
8.8%
27.1%
Q4 24
-247.7%
19.3%
Q3 24
-1276.7%
20.0%
Q2 24
4.6%
12.5%
Net Margin
FFWM
FFWM
OSPN
OSPN
Q1 26
17.5%
Q4 25
-97.9%
69.2%
Q3 25
-230.1%
11.4%
Q2 25
-15.0%
13.9%
Q1 25
9.7%
22.9%
Q4 24
-152.2%
47.1%
Q3 24
-896.9%
14.7%
Q2 24
5.4%
10.8%
EPS (diluted)
FFWM
FFWM
OSPN
OSPN
Q1 26
$0.39
Q4 25
$-0.09
$1.13
Q3 25
$-1.78
$0.17
Q2 25
$-0.09
$0.21
Q1 25
$0.08
$0.37
Q4 24
$-0.24
$0.73
Q3 24
$-1.23
$0.21
Q2 24
$0.05
$0.17

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$1.6B
$49.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$272.0M
Total Assets
$11.9B
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$1.6B
$70.5M
Q3 25
$1.7B
$85.6M
Q2 25
$1.1B
$92.9M
Q1 25
$1.0B
$105.2M
Q4 24
$1.0B
$83.2M
Q3 24
$1.1B
$77.5M
Q2 24
$1.4B
$63.8M
Stockholders' Equity
FFWM
FFWM
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$912.6M
$271.8M
Q3 25
$917.9M
$238.3M
Q2 25
$1.1B
$242.5M
Q1 25
$1.1B
$231.1M
Q4 24
$1.1B
$212.5M
Q3 24
$1.1B
$194.6M
Q2 24
$933.2M
$178.6M
Total Assets
FFWM
FFWM
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$11.9B
$397.7M
Q3 25
$11.9B
$343.5M
Q2 25
$11.6B
$357.1M
Q1 25
$12.6B
$333.8M
Q4 24
$12.6B
$338.7M
Q3 24
$13.4B
$289.3M
Q2 24
$13.7B
$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
FFWM
FFWM
OSPN
OSPN
Operating Cash FlowLast quarter
$-31.9M
$28.2M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$-31.9M
$12.6M
Q3 25
$9.2M
$11.3M
Q2 25
$-16.3M
$6.2M
Q1 25
$-552.0K
$29.4M
Q4 24
$-8.7M
$12.4M
Q3 24
$14.2M
$14.0M
Q2 24
$-9.1M
$2.3M
Free Cash Flow
FFWM
FFWM
OSPN
OSPN
Q1 26
Q4 25
$-35.2M
$9.6M
Q3 25
$8.6M
$8.8M
Q2 25
$-16.7M
$4.4M
Q1 25
$-2.5M
$27.7M
Q4 24
$-11.4M
$10.5M
Q3 24
$13.4M
$12.0M
Q2 24
$-9.4M
$26.0K
FCF Margin
FFWM
FFWM
OSPN
OSPN
Q1 26
Q4 25
-72.8%
15.3%
Q3 25
13.5%
15.4%
Q2 25
-32.4%
7.3%
Q1 25
-3.5%
43.8%
Q4 24
-123.5%
17.1%
Q3 24
146.2%
21.4%
Q2 24
-16.3%
0.0%
Capex Intensity
FFWM
FFWM
OSPN
OSPN
Q1 26
Q4 25
6.9%
4.7%
Q3 25
1.0%
4.4%
Q2 25
0.8%
3.1%
Q1 25
2.8%
2.6%
Q4 24
29.4%
3.2%
Q3 24
9.0%
3.5%
Q2 24
0.4%
3.7%
Cash Conversion
FFWM
FFWM
OSPN
OSPN
Q1 26
2.44×
Q4 25
0.29×
Q3 25
1.74×
Q2 25
0.75×
Q1 25
-0.08×
2.02×
Q4 24
0.43×
Q3 24
1.69×
Q2 24
-2.96×
0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

OSPN
OSPN

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

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