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Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.1× Fluent, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -6.7%, a 24.2% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -5.5%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $65.9M |
| Net Profit | $-4.1M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | 0.3% | 22.5% |
| Net Margin | -6.7% | 17.5% |
| Revenue YoY | -5.5% | 4.1% |
| Net Profit YoY | -20.1% | — |
| 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.
| Q1 26 | — | $65.9M | ||
| Q4 25 | $61.8M | $62.9M | ||
| Q3 25 | $47.0M | $57.1M | ||
| Q2 25 | $44.7M | $59.8M | ||
| Q1 25 | $55.2M | $63.4M | ||
| Q4 24 | $65.4M | $61.2M | ||
| Q3 24 | $64.5M | $56.2M | ||
| Q2 24 | $58.7M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-4.1M | $43.5M | ||
| Q3 25 | $-7.6M | $6.5M | ||
| Q2 25 | $-7.2M | $8.3M | ||
| Q1 25 | $-8.3M | $14.5M | ||
| Q4 24 | $-3.4M | $28.8M | ||
| Q3 24 | $-7.9M | $8.3M | ||
| Q2 24 | $-11.6M | $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 | 0.3% | 19.9% | ||
| Q3 25 | -13.4% | 14.4% | ||
| Q2 25 | -15.9% | 17.6% | ||
| Q1 25 | -12.8% | 27.1% | ||
| Q4 24 | -8.3% | 19.3% | ||
| Q3 24 | -6.0% | 20.0% | ||
| Q2 24 | -17.7% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -6.7% | 69.2% | ||
| Q3 25 | -16.1% | 11.4% | ||
| Q2 25 | -16.2% | 13.9% | ||
| Q1 25 | -15.0% | 22.9% | ||
| Q4 24 | -5.2% | 47.1% | ||
| Q3 24 | -12.3% | 14.7% | ||
| Q2 24 | -19.8% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.09 | $1.13 | ||
| Q3 25 | $-0.27 | $0.17 | ||
| Q2 25 | $-0.30 | $0.21 | ||
| Q1 25 | $-0.39 | $0.37 | ||
| Q4 24 | $-0.12 | $0.73 | ||
| Q3 24 | $-0.48 | $0.21 | ||
| Q2 24 | $-0.75 | $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 | $12.9M | $49.8M |
| Total DebtLower is stronger | $34.6M | — |
| Stockholders' EquityBook value | $18.2M | $272.0M |
| Total Assets | $89.1M | $383.1M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $12.9M | $70.5M | ||
| Q3 25 | $9.2M | $85.6M | ||
| Q2 25 | $4.9M | $92.9M | ||
| Q1 25 | $4.8M | $105.2M | ||
| Q4 24 | $9.4M | $83.2M | ||
| Q3 24 | $6.6M | $77.5M | ||
| Q2 24 | $5.0M | $63.8M |
| Q1 26 | — | — | ||
| Q4 25 | $34.6M | — | ||
| Q3 25 | $26.0M | — | ||
| Q2 25 | $23.2M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $37.9M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $18.2M | $271.8M | ||
| Q3 25 | $21.6M | $238.3M | ||
| Q2 25 | $19.1M | $242.5M | ||
| Q1 25 | $22.0M | $231.1M | ||
| Q4 24 | $25.0M | $212.5M | ||
| Q3 24 | $20.0M | $194.6M | ||
| Q2 24 | $27.5M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $89.1M | $397.7M | ||
| Q3 25 | $76.1M | $343.5M | ||
| Q2 25 | $74.5M | $357.1M | ||
| Q1 25 | $77.5M | $333.8M | ||
| Q4 24 | $93.6M | $338.7M | ||
| Q3 24 | $77.5M | $289.3M | ||
| Q2 24 | $98.5M | $286.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.90× | — | ||
| Q2 24 | 1.21× | — |
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 | $2.8M | $28.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| 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 | $2.8M | $12.6M | ||
| Q3 25 | $-7.3M | $11.3M | ||
| Q2 25 | $935.0K | $6.2M | ||
| Q1 25 | $2.1M | $29.4M | ||
| Q4 24 | $-2.1M | $12.4M | ||
| Q3 24 | $1.2M | $14.0M | ||
| Q2 24 | $-13.1M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $9.6M | ||
| Q3 25 | $-7.3M | $8.8M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $27.7M | ||
| Q4 24 | — | $10.5M | ||
| Q3 24 | $1.2M | $12.0M | ||
| Q2 24 | — | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | -15.6% | 15.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | 1.9% | 21.4% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | 0.0% | 4.4% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 0.0% | 3.5% | ||
| Q2 24 | — | 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
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
