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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $65.9M, roughly 1.6× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -12.5%, a 30.0% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs 4.1%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs 3.1%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $65.9M |
| Net Profit | $-13.1M | $11.6M |
| Gross Margin | 68.0% | 73.6% |
| Operating Margin | -4.3% | 22.5% |
| Net Margin | -12.5% | 17.5% |
| Revenue YoY | 4.3% | 4.1% |
| Net Profit YoY | -48.9% | — |
| EPS (diluted) | $-0.02 | $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 | $105.1M | $62.9M | ||
| Q3 25 | $114.6M | $57.1M | ||
| Q2 25 | $106.3M | $59.8M | ||
| Q1 25 | $97.0M | $63.4M | ||
| Q4 24 | $100.7M | $61.2M | ||
| Q3 24 | $119.1M | $56.2M | ||
| Q2 24 | $103.9M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-13.1M | $43.5M | ||
| Q3 25 | $11.1M | $6.5M | ||
| Q2 25 | $-7.7M | $8.3M | ||
| Q1 25 | $465.0K | $14.5M | ||
| Q4 24 | $-8.8M | $28.8M | ||
| Q3 24 | $14.8M | $8.3M | ||
| Q2 24 | $5.8M | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | 68.0% | 73.6% | ||
| Q3 25 | 69.1% | 73.6% | ||
| Q2 25 | 71.2% | 73.5% | ||
| Q1 25 | 69.5% | 74.3% | ||
| Q4 24 | 66.3% | 74.0% | ||
| Q3 24 | 68.6% | 73.9% | ||
| Q2 24 | 69.7% | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | -4.3% | 19.9% | ||
| Q3 25 | 3.7% | 14.4% | ||
| Q2 25 | -1.1% | 17.6% | ||
| Q1 25 | 8.7% | 27.1% | ||
| Q4 24 | 3.0% | 19.3% | ||
| Q3 24 | 23.5% | 20.0% | ||
| Q2 24 | 15.7% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -12.5% | 69.2% | ||
| Q3 25 | 9.7% | 11.4% | ||
| Q2 25 | -7.3% | 13.9% | ||
| Q1 25 | 0.5% | 22.9% | ||
| Q4 24 | -8.7% | 47.1% | ||
| Q3 24 | 12.4% | 14.7% | ||
| Q2 24 | 5.6% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.02 | $1.13 | ||
| Q3 25 | $0.02 | $0.17 | ||
| Q2 25 | $-0.01 | $0.21 | ||
| Q1 25 | $0.00 | $0.37 | ||
| Q4 24 | $-0.01 | $0.73 | ||
| Q3 24 | $0.02 | $0.21 | ||
| Q2 24 | $0.01 | $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 | $318.7M | $49.8M |
| Total DebtLower is stronger | $352.3M | — |
| Stockholders' EquityBook value | $879.4M | $272.0M |
| Total Assets | $1.5B | $383.1M |
| Debt / EquityLower = less leverage | 0.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $318.7M | $70.5M | ||
| Q3 25 | $286.4M | $85.6M | ||
| Q2 25 | $289.3M | $92.9M | ||
| Q1 25 | $580.9M | $105.2M | ||
| Q4 24 | $586.0M | $83.2M | ||
| Q3 24 | $538.8M | $77.5M | ||
| Q2 24 | $507.9M | $63.8M |
| Q1 26 | — | — | ||
| Q4 25 | $352.3M | — | ||
| Q3 25 | $352.1M | — | ||
| Q2 25 | $351.9M | — | ||
| Q1 25 | $649.1M | — | ||
| Q4 24 | $650.5M | — | ||
| Q3 24 | $651.8M | — | ||
| Q2 24 | $653.1M | — |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $879.4M | $271.8M | ||
| Q3 25 | $888.7M | $238.3M | ||
| Q2 25 | $874.2M | $242.5M | ||
| Q1 25 | $878.3M | $231.1M | ||
| Q4 24 | $874.4M | $212.5M | ||
| Q3 24 | $879.7M | $194.6M | ||
| Q2 24 | $863.3M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $1.5B | $397.7M | ||
| Q3 25 | $1.5B | $343.5M | ||
| Q2 25 | $1.5B | $357.1M | ||
| Q1 25 | $1.8B | $333.8M | ||
| Q4 24 | $1.8B | $338.7M | ||
| Q3 24 | $1.8B | $289.3M | ||
| Q2 24 | $1.8B | $286.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.76× | — |
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 | $32.7M | $28.2M |
| Free Cash FlowOCF − Capex | $32.6M | — |
| FCF MarginFCF / Revenue | 31.0% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $32.7M | $12.6M | ||
| Q3 25 | $8.0M | $11.3M | ||
| Q2 25 | $20.9M | $6.2M | ||
| Q1 25 | $-2.9M | $29.4M | ||
| Q4 24 | $49.7M | $12.4M | ||
| Q3 24 | $33.5M | $14.0M | ||
| Q2 24 | $16.2M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $32.6M | $9.6M | ||
| Q3 25 | $7.9M | $8.8M | ||
| Q2 25 | $20.8M | $4.4M | ||
| Q1 25 | $-3.0M | $27.7M | ||
| Q4 24 | $49.2M | $10.5M | ||
| Q3 24 | $33.3M | $12.0M | ||
| Q2 24 | $16.1M | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | 31.0% | 15.3% | ||
| Q3 25 | 6.9% | 15.4% | ||
| Q2 25 | 19.6% | 7.3% | ||
| Q1 25 | -3.1% | 43.8% | ||
| Q4 24 | 48.9% | 17.1% | ||
| Q3 24 | 28.0% | 21.4% | ||
| Q2 24 | 15.5% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 4.7% | ||
| Q3 25 | 0.1% | 4.4% | ||
| Q2 25 | 0.1% | 3.1% | ||
| Q1 25 | 0.0% | 2.6% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 0.1% | 3.5% | ||
| Q2 24 | 0.1% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | 0.72× | 1.74× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | -6.27× | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | 2.26× | 1.69× | ||
| Q2 24 | 2.81× | 0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
