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Side-by-side financial comparison of Mediaco Holding Inc. (MDIA) 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 $38.7M, roughly 1.7× Mediaco Holding Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -83.6%, a 101.2% gap on every dollar of revenue. On growth, Mediaco Holding Inc. posted the faster year-over-year revenue change (17.9% vs 4.1%). Over the past eight quarters, Mediaco Holding Inc.'s revenue compounded faster (140.1% CAGR vs 4.0%).

MediaCo Holding Inc. is an American media company with offices based in Burbank, California and New York City, owned by private equity firms HPS Investment Partners, LLC and Standard General. MediaCo caters to the African-American and the Spanish-speaking Hispanic communities. The company owns television and radio stations in several of the top multicultural markets, and is the parent company of the Estrella TV network.

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.

MDIA vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.7× larger
OSPN
$65.9M
$38.7M
MDIA
Growing faster (revenue YoY)
MDIA
MDIA
+13.8% gap
MDIA
17.9%
4.1%
OSPN
Higher net margin
OSPN
OSPN
101.2% more per $
OSPN
17.5%
-83.6%
MDIA
Faster 2-yr revenue CAGR
MDIA
MDIA
Annualised
MDIA
140.1%
4.0%
OSPN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MDIA
MDIA
OSPN
OSPN
Revenue
$38.7M
$65.9M
Net Profit
$-32.3M
$11.6M
Gross Margin
73.6%
Operating Margin
-16.0%
22.5%
Net Margin
-83.6%
17.5%
Revenue YoY
17.9%
4.1%
Net Profit YoY
-661.9%
EPS (diluted)
$-0.39
$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
MDIA
MDIA
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$38.7M
$62.9M
Q3 25
$35.4M
$57.1M
Q2 25
$31.2M
$59.8M
Q1 25
$28.0M
$63.4M
Q4 24
$32.8M
$61.2M
Q3 24
$29.9M
$56.2M
Q2 24
$26.2M
$60.9M
Net Profit
MDIA
MDIA
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$-32.3M
$43.5M
Q3 25
$-17.9M
$6.5M
Q2 25
$-7.4M
$8.3M
Q1 25
$-8.6M
$14.5M
Q4 24
$-4.2M
$28.8M
Q3 24
$54.9M
$8.3M
Q2 24
$-48.3M
$6.6M
Gross Margin
MDIA
MDIA
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
MDIA
MDIA
OSPN
OSPN
Q1 26
22.5%
Q4 25
-16.0%
19.9%
Q3 25
-20.0%
14.4%
Q2 25
-21.7%
17.6%
Q1 25
-16.7%
27.1%
Q4 24
-13.8%
19.3%
Q3 24
-23.0%
20.0%
Q2 24
-50.9%
12.5%
Net Margin
MDIA
MDIA
OSPN
OSPN
Q1 26
17.5%
Q4 25
-83.6%
69.2%
Q3 25
-50.5%
11.4%
Q2 25
-23.7%
13.9%
Q1 25
-30.7%
22.9%
Q4 24
-12.9%
47.1%
Q3 24
184.0%
14.7%
Q2 24
-184.4%
10.8%
EPS (diluted)
MDIA
MDIA
OSPN
OSPN
Q1 26
$0.39
Q4 25
$-0.39
$1.13
Q3 25
$-0.22
$0.17
Q2 25
$-0.11
$0.21
Q1 25
$-0.12
$0.37
Q4 24
$0.19
$0.73
Q3 24
$0.66
$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
MDIA
MDIA
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$5.1M
$49.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$46.3M
$272.0M
Total Assets
$291.1M
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDIA
MDIA
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$5.1M
$70.5M
Q3 25
$6.2M
$85.6M
Q2 25
$2.9M
$92.9M
Q1 25
$6.3M
$105.2M
Q4 24
$4.4M
$83.2M
Q3 24
$7.7M
$77.5M
Q2 24
$9.9M
$63.8M
Stockholders' Equity
MDIA
MDIA
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$46.3M
$271.8M
Q3 25
$86.7M
$238.3M
Q2 25
$97.3M
$242.5M
Q1 25
$85.5M
$231.1M
Q4 24
$62.1M
$212.5M
Q3 24
$67.9M
$194.6M
Q2 24
$13.7M
$178.6M
Total Assets
MDIA
MDIA
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$291.1M
$397.7M
Q3 25
$319.4M
$343.5M
Q2 25
$315.1M
$357.1M
Q1 25
$317.7M
$333.8M
Q4 24
$325.5M
$338.7M
Q3 24
$338.4M
$289.3M
Q2 24
$338.6M
$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
MDIA
MDIA
OSPN
OSPN
Operating Cash FlowLast quarter
$32.0K
$28.2M
Free Cash FlowOCF − Capex
$-460.0K
FCF MarginFCF / Revenue
-1.2%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDIA
MDIA
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$32.0K
$12.6M
Q3 25
$2.8M
$11.3M
Q2 25
$-3.0M
$6.2M
Q1 25
$2.1M
$29.4M
Q4 24
$10.9M
$12.4M
Q3 24
$-6.0M
$14.0M
Q2 24
$-25.1M
$2.3M
Free Cash Flow
MDIA
MDIA
OSPN
OSPN
Q1 26
Q4 25
$-460.0K
$9.6M
Q3 25
$2.8M
$8.8M
Q2 25
$-3.2M
$4.4M
Q1 25
$2.0M
$27.7M
Q4 24
$10.5M
$10.5M
Q3 24
$-6.6M
$12.0M
Q2 24
$-25.2M
$26.0K
FCF Margin
MDIA
MDIA
OSPN
OSPN
Q1 26
Q4 25
-1.2%
15.3%
Q3 25
8.0%
15.4%
Q2 25
-10.2%
7.3%
Q1 25
7.1%
43.8%
Q4 24
31.9%
17.1%
Q3 24
-22.2%
21.4%
Q2 24
-96.1%
0.0%
Capex Intensity
MDIA
MDIA
OSPN
OSPN
Q1 26
Q4 25
1.3%
4.7%
Q3 25
0.0%
4.4%
Q2 25
0.7%
3.1%
Q1 25
0.2%
2.6%
Q4 24
1.2%
3.2%
Q3 24
2.1%
3.5%
Q2 24
0.3%
3.7%
Cash Conversion
MDIA
MDIA
OSPN
OSPN
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
-0.11×
1.69×
Q2 24
0.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MDIA
MDIA

Video Segment$26.4M68%
Advertising$10.0M26%
Other$1.7M4%
Service Other$536.0K1%

OSPN
OSPN

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

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