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Side-by-side financial comparison of Gevo, Inc. (GEVO) 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 $45.3M, roughly 1.5× Gevo, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -13.2%, a 30.8% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs 4.1%). Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% CAGR vs 4.0%).

Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...

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.

GEVO vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.5× larger
OSPN
$65.9M
$45.3M
GEVO
Growing faster (revenue YoY)
GEVO
GEVO
+691.5% gap
GEVO
695.6%
4.1%
OSPN
Higher net margin
OSPN
OSPN
30.8% more per $
OSPN
17.5%
-13.2%
GEVO
Faster 2-yr revenue CAGR
GEVO
GEVO
Annualised
GEVO
237.1%
4.0%
OSPN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GEVO
GEVO
OSPN
OSPN
Revenue
$45.3M
$65.9M
Net Profit
$-6.0M
$11.6M
Gross Margin
73.6%
Operating Margin
-4.8%
22.5%
Net Margin
-13.2%
17.5%
Revenue YoY
695.6%
4.1%
Net Profit YoY
65.9%
EPS (diluted)
$-0.03
$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
GEVO
GEVO
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$45.3M
$62.9M
Q3 25
$42.7M
$57.1M
Q2 25
$43.4M
$59.8M
Q1 25
$29.1M
$63.4M
Q4 24
$5.7M
$61.2M
Q3 24
$2.0M
$56.2M
Q2 24
$5.3M
$60.9M
Net Profit
GEVO
GEVO
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$-6.0M
$43.5M
Q3 25
$-8.0M
$6.5M
Q2 25
$2.1M
$8.3M
Q1 25
$-21.7M
$14.5M
Q4 24
$-17.6M
$28.8M
Q3 24
$-21.2M
$8.3M
Q2 24
$-21.0M
$6.6M
Gross Margin
GEVO
GEVO
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
GEVO
GEVO
OSPN
OSPN
Q1 26
22.5%
Q4 25
-4.8%
19.9%
Q3 25
-8.6%
14.4%
Q2 25
13.4%
17.6%
Q1 25
-69.2%
27.1%
Q4 24
-344.7%
19.3%
Q3 24
-1221.8%
20.0%
Q2 24
-456.8%
12.5%
Net Margin
GEVO
GEVO
OSPN
OSPN
Q1 26
17.5%
Q4 25
-13.2%
69.2%
Q3 25
-18.6%
11.4%
Q2 25
4.9%
13.9%
Q1 25
-74.6%
22.9%
Q4 24
-308.9%
47.1%
Q3 24
-1076.6%
14.7%
Q2 24
-399.3%
10.8%
EPS (diluted)
GEVO
GEVO
OSPN
OSPN
Q1 26
$0.39
Q4 25
$-0.03
$1.13
Q3 25
$-0.03
$0.17
Q2 25
$0.01
$0.21
Q1 25
$-0.09
$0.37
Q4 24
$-0.08
$0.73
Q3 24
$-0.09
$0.21
Q2 24
$-0.09
$0.17

Balance Sheet & Financial Strength

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

Metric
GEVO
GEVO
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$81.2M
$49.8M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$466.3M
$272.0M
Total Assets
$718.9M
$383.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEVO
GEVO
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$81.2M
$70.5M
Q3 25
$72.6M
$85.6M
Q2 25
$57.3M
$92.9M
Q1 25
$65.3M
$105.2M
Q4 24
$189.4M
$83.2M
Q3 24
$223.2M
$77.5M
Q2 24
$245.7M
$63.8M
Total Debt
GEVO
GEVO
OSPN
OSPN
Q1 26
Q4 25
$164.8M
Q3 25
$164.5M
Q2 25
$167.5M
Q1 25
$167.0M
Q4 24
$67.1M
Q3 24
$67.0M
Q2 24
$66.8M
Stockholders' Equity
GEVO
GEVO
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$466.3M
$271.8M
Q3 25
$468.9M
$238.3M
Q2 25
$474.1M
$242.5M
Q1 25
$469.8M
$231.1M
Q4 24
$489.5M
$212.5M
Q3 24
$504.7M
$194.6M
Q2 24
$522.7M
$178.6M
Total Assets
GEVO
GEVO
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$718.9M
$397.7M
Q3 25
$685.2M
$343.5M
Q2 25
$702.1M
$357.1M
Q1 25
$677.8M
$333.8M
Q4 24
$583.9M
$338.7M
Q3 24
$583.9M
$289.3M
Q2 24
$617.9M
$286.9M
Debt / Equity
GEVO
GEVO
OSPN
OSPN
Q1 26
Q4 25
0.35×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.36×
Q4 24
0.14×
Q3 24
0.13×
Q2 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
GEVO
GEVO
OSPN
OSPN
Operating Cash FlowLast quarter
$20.0M
$28.2M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
24.7%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$-43.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEVO
GEVO
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$20.0M
$12.6M
Q3 25
$-6.8M
$11.3M
Q2 25
$-2.5M
$6.2M
Q1 25
$-24.0M
$29.4M
Q4 24
$-18.8M
$12.4M
Q3 24
$-11.0M
$14.0M
Q2 24
$-11.4M
$2.3M
Free Cash Flow
GEVO
GEVO
OSPN
OSPN
Q1 26
Q4 25
$8.7M
$9.6M
Q3 25
$-14.6M
$8.8M
Q2 25
$-7.8M
$4.4M
Q1 25
$-29.9M
$27.7M
Q4 24
$-33.5M
$10.5M
Q3 24
$-20.8M
$12.0M
Q2 24
$-20.6M
$26.0K
FCF Margin
GEVO
GEVO
OSPN
OSPN
Q1 26
Q4 25
19.3%
15.3%
Q3 25
-34.2%
15.4%
Q2 25
-17.9%
7.3%
Q1 25
-102.7%
43.8%
Q4 24
-587.2%
17.1%
Q3 24
-1057.0%
21.4%
Q2 24
-392.4%
0.0%
Capex Intensity
GEVO
GEVO
OSPN
OSPN
Q1 26
Q4 25
24.7%
4.7%
Q3 25
18.3%
4.4%
Q2 25
12.1%
3.1%
Q1 25
20.0%
2.6%
Q4 24
256.6%
3.2%
Q3 24
496.2%
3.5%
Q2 24
174.8%
3.7%
Cash Conversion
GEVO
GEVO
OSPN
OSPN
Q1 26
2.44×
Q4 25
0.29×
Q3 25
1.74×
Q2 25
-1.18×
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

GEVO
GEVO

Segment breakdown not available.

OSPN
OSPN

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

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