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Side-by-side financial comparison of NETSTREIT Corp. (NTST) 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 $57.1M, roughly 1.2× NETSTREIT Corp.). OneSpan Inc. runs the higher net margin — 17.5% vs 10.0%, a 7.5% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 4.1%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs 4.0%).
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
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.
NTST vs OSPN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $65.9M |
| Net Profit | $5.7M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | 34.1% | 22.5% |
| Net Margin | 10.0% | 17.5% |
| Revenue YoY | 24.3% | 4.1% |
| Net Profit YoY | 235.9% | — |
| EPS (diluted) | $0.32 | $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 | $57.1M | $65.9M | ||
| Q4 25 | $52.5M | $62.9M | ||
| Q3 25 | $48.3M | $57.1M | ||
| Q2 25 | $48.3M | $59.8M | ||
| Q1 25 | $45.9M | $63.4M | ||
| Q4 24 | $44.1M | $61.2M | ||
| Q3 24 | $41.4M | $56.2M | ||
| Q2 24 | $39.6M | $60.9M |
| Q1 26 | $5.7M | $11.6M | ||
| Q4 25 | $1.3M | $43.5M | ||
| Q3 25 | $618.0K | $6.5M | ||
| Q2 25 | $3.3M | $8.3M | ||
| Q1 25 | $1.7M | $14.5M | ||
| Q4 24 | $-5.4M | $28.8M | ||
| Q3 24 | $-5.3M | $8.3M | ||
| Q2 24 | $-2.3M | $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 | 34.1% | 22.5% | ||
| Q4 25 | 2.6% | 19.9% | ||
| Q3 25 | 1.3% | 14.4% | ||
| Q2 25 | 6.8% | 17.6% | ||
| Q1 25 | 3.7% | 27.1% | ||
| Q4 24 | -12.3% | 19.3% | ||
| Q3 24 | -12.8% | 20.0% | ||
| Q2 24 | -5.8% | 12.5% |
| Q1 26 | 10.0% | 17.5% | ||
| Q4 25 | 2.5% | 69.2% | ||
| Q3 25 | 1.3% | 11.4% | ||
| Q2 25 | 6.8% | 13.9% | ||
| Q1 25 | 3.7% | 22.9% | ||
| Q4 24 | -12.3% | 47.1% | ||
| Q3 24 | -12.8% | 14.7% | ||
| Q2 24 | -5.8% | 10.8% |
| Q1 26 | $0.32 | $0.39 | ||
| Q4 25 | $0.01 | $1.13 | ||
| Q3 25 | $0.01 | $0.17 | ||
| Q2 25 | $0.04 | $0.21 | ||
| Q1 25 | $0.02 | $0.37 | ||
| Q4 24 | $-0.07 | $0.73 | ||
| Q3 24 | $-0.07 | $0.21 | ||
| Q2 24 | $-0.03 | $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 | — | $49.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $272.0M |
| Total Assets | $2.8B | $383.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | — | $70.5M | ||
| Q3 25 | — | $85.6M | ||
| Q2 25 | — | $92.9M | ||
| Q1 25 | — | $105.2M | ||
| Q4 24 | — | $83.2M | ||
| Q3 24 | — | $77.5M | ||
| Q2 24 | — | $63.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $926.6M | — | ||
| Q1 25 | $913.3M | — | ||
| Q4 24 | $868.3M | — | ||
| Q3 24 | $778.7M | — | ||
| Q2 24 | $726.2M | — |
| Q1 26 | $1.5B | $272.0M | ||
| Q4 25 | $1.4B | $271.8M | ||
| Q3 25 | $1.3B | $238.3M | ||
| Q2 25 | $1.3B | $242.5M | ||
| Q1 25 | $1.3B | $231.1M | ||
| Q4 24 | $1.3B | $212.5M | ||
| Q3 24 | $1.3B | $194.6M | ||
| Q2 24 | $1.3B | $178.6M |
| Q1 26 | $2.8B | $383.1M | ||
| Q4 25 | $2.6B | $397.7M | ||
| Q3 25 | $2.5B | $343.5M | ||
| Q2 25 | $2.3B | $357.1M | ||
| Q1 25 | $2.3B | $333.8M | ||
| Q4 24 | $2.3B | $338.7M | ||
| Q3 24 | $2.2B | $289.3M | ||
| Q2 24 | $2.1B | $286.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.55× | — |
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 | — | $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 | $109.5M | $12.6M | ||
| Q3 25 | $28.0M | $11.3M | ||
| Q2 25 | $30.6M | $6.2M | ||
| Q1 25 | $22.1M | $29.4M | ||
| Q4 24 | $90.2M | $12.4M | ||
| Q3 24 | $25.1M | $14.0M | ||
| Q2 24 | $25.4M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $9.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $27.7M | ||
| Q4 24 | — | $10.5M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | 82.46× | 0.29× | ||
| Q3 25 | 45.27× | 1.74× | ||
| Q2 25 | 9.36× | 0.75× | ||
| Q1 25 | 13.06× | 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
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
