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Side-by-side financial comparison of Orion Properties Inc. (ONL) 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 $35.2M, roughly 1.9× Orion Properties Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -101.7%, a 119.2% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -8.2%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -13.6%).
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.
ONL vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $65.9M |
| Net Profit | $-35.8M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | -101.5% | 22.5% |
| Net Margin | -101.7% | 17.5% |
| Revenue YoY | -8.2% | 4.1% |
| Net Profit YoY | -9.3% | — |
| EPS (diluted) | $-0.63 | $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 | $35.2M | $62.9M | ||
| Q3 25 | $37.1M | $57.1M | ||
| Q2 25 | $37.3M | $59.8M | ||
| Q1 25 | $38.0M | $63.4M | ||
| Q4 24 | $38.4M | $61.2M | ||
| Q3 24 | $39.2M | $56.2M | ||
| Q2 24 | $40.1M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-35.8M | $43.5M | ||
| Q3 25 | $-69.0M | $6.5M | ||
| Q2 25 | $-25.1M | $8.3M | ||
| Q1 25 | $-9.4M | $14.5M | ||
| Q4 24 | $-32.8M | $28.8M | ||
| Q3 24 | $-10.2M | $8.3M | ||
| Q2 24 | $-33.8M | $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 | -101.5% | 19.9% | ||
| Q3 25 | -185.8% | 14.4% | ||
| Q2 25 | -67.1% | 17.6% | ||
| Q1 25 | -24.4% | 27.1% | ||
| Q4 24 | -85.4% | 19.3% | ||
| Q3 24 | -25.9% | 20.0% | ||
| Q2 24 | -84.1% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -101.7% | 69.2% | ||
| Q3 25 | -186.0% | 11.4% | ||
| Q2 25 | -67.3% | 13.9% | ||
| Q1 25 | -24.6% | 22.9% | ||
| Q4 24 | -85.4% | 47.1% | ||
| Q3 24 | -26.1% | 14.7% | ||
| Q2 24 | -84.2% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.63 | $1.13 | ||
| Q3 25 | $-1.23 | $0.17 | ||
| Q2 25 | $-0.45 | $0.21 | ||
| Q1 25 | $-0.17 | $0.37 | ||
| Q4 24 | $-0.59 | $0.73 | ||
| Q3 24 | $-0.18 | $0.21 | ||
| Q2 24 | $-0.60 | $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 | $22.4M | $49.8M |
| Total DebtLower is stronger | $465.0M | — |
| Stockholders' EquityBook value | $623.2M | $272.0M |
| Total Assets | $1.2B | $383.1M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $22.4M | $70.5M | ||
| Q3 25 | $32.6M | $85.6M | ||
| Q2 25 | $17.4M | $92.9M | ||
| Q1 25 | $9.4M | $105.2M | ||
| Q4 24 | $15.6M | $83.2M | ||
| Q3 24 | $16.6M | $77.5M | ||
| Q2 24 | $24.2M | $63.8M |
| Q1 26 | — | — | ||
| Q4 25 | $465.0M | — | ||
| Q3 25 | $483.0M | — | ||
| Q2 25 | $483.0M | — | ||
| Q1 25 | $505.0M | — | ||
| Q4 24 | $492.0M | — | ||
| Q3 24 | $485.0M | — | ||
| Q2 24 | $462.0M | — |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $623.2M | $271.8M | ||
| Q3 25 | $658.8M | $238.3M | ||
| Q2 25 | $728.0M | $242.5M | ||
| Q1 25 | $753.5M | $231.1M | ||
| Q4 24 | $763.9M | $212.5M | ||
| Q3 24 | $800.9M | $194.6M | ||
| Q2 24 | $816.1M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $1.2B | $397.7M | ||
| Q3 25 | $1.2B | $343.5M | ||
| Q2 25 | $1.3B | $357.1M | ||
| Q1 25 | $1.3B | $333.8M | ||
| Q4 24 | $1.3B | $338.7M | ||
| Q3 24 | $1.4B | $289.3M | ||
| Q2 24 | $1.3B | $286.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | 0.57× | — |
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 | $23.6M | $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 | $23.6M | $12.6M | ||
| Q3 25 | $5.7M | $11.3M | ||
| Q2 25 | $11.6M | $6.2M | ||
| Q1 25 | $-2.2M | $29.4M | ||
| Q4 24 | $54.3M | $12.4M | ||
| Q3 24 | $13.8M | $14.0M | ||
| Q2 24 | $17.0M | $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 | — | 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
ONL
Segment breakdown not available.
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
