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Side-by-side financial comparison of OneSpan Inc. (OSPN) and REGIS CORP (RGS). 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× REGIS CORP). OneSpan Inc. runs the higher net margin — 17.5% vs 0.8%, a 16.7% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs 4.1%). Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% CAGR vs 4.0%).

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.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

OSPN vs RGS — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.2× larger
OSPN
$65.9M
$57.1M
RGS
Growing faster (revenue YoY)
RGS
RGS
+18.2% gap
RGS
22.3%
4.1%
OSPN
Higher net margin
OSPN
OSPN
16.7% more per $
OSPN
17.5%
0.8%
RGS
Faster 2-yr revenue CAGR
RGS
RGS
Annualised
RGS
7.8%
4.0%
OSPN

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
OSPN
OSPN
RGS
RGS
Revenue
$65.9M
$57.1M
Net Profit
$11.6M
$456.0K
Gross Margin
73.6%
Operating Margin
22.5%
10.8%
Net Margin
17.5%
0.8%
Revenue YoY
4.1%
22.3%
Net Profit YoY
-94.0%
EPS (diluted)
$0.39
$0.16

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
OSPN
OSPN
RGS
RGS
Q1 26
$65.9M
Q4 25
$62.9M
$57.1M
Q3 25
$57.1M
$59.0M
Q2 25
$59.8M
$60.4M
Q1 25
$63.4M
$57.0M
Q4 24
$61.2M
$46.7M
Q3 24
$56.2M
$46.1M
Q2 24
$60.9M
$49.4M
Net Profit
OSPN
OSPN
RGS
RGS
Q1 26
$11.6M
Q4 25
$43.5M
$456.0K
Q3 25
$6.5M
$1.4M
Q2 25
$8.3M
$116.5M
Q1 25
$14.5M
$250.0K
Q4 24
$28.8M
$7.6M
Q3 24
$8.3M
$-853.0K
Q2 24
$6.6M
$91.2M
Gross Margin
OSPN
OSPN
RGS
RGS
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
OSPN
OSPN
RGS
RGS
Q1 26
22.5%
Q4 25
19.9%
10.8%
Q3 25
14.4%
10.0%
Q2 25
17.6%
12.1%
Q1 25
27.1%
8.8%
Q4 24
19.3%
11.8%
Q3 24
20.0%
4.6%
Q2 24
12.5%
Net Margin
OSPN
OSPN
RGS
RGS
Q1 26
17.5%
Q4 25
69.2%
0.8%
Q3 25
11.4%
2.3%
Q2 25
13.9%
192.9%
Q1 25
22.9%
0.4%
Q4 24
47.1%
16.4%
Q3 24
14.7%
-1.9%
Q2 24
10.8%
184.7%
EPS (diluted)
OSPN
OSPN
RGS
RGS
Q1 26
$0.39
Q4 25
$1.13
$0.16
Q3 25
$0.17
$0.49
Q2 25
$0.21
$43.67
Q1 25
$0.37
$0.08
Q4 24
$0.73
$2.71
Q3 24
$0.21
$-0.36
Q2 24
$0.17
$38.40

Balance Sheet & Financial Strength

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

Metric
OSPN
OSPN
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$49.8M
$18.4M
Total DebtLower is stronger
$113.3M
Stockholders' EquityBook value
$272.0M
$188.7M
Total Assets
$383.1M
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSPN
OSPN
RGS
RGS
Q1 26
$49.8M
Q4 25
$70.5M
$18.4M
Q3 25
$85.6M
$16.6M
Q2 25
$92.9M
$17.0M
Q1 25
$105.2M
$13.3M
Q4 24
$83.2M
$10.2M
Q3 24
$77.5M
$6.3M
Q2 24
$63.8M
$10.1M
Total Debt
OSPN
OSPN
RGS
RGS
Q1 26
Q4 25
$113.3M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$112.0M
Q4 24
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Stockholders' Equity
OSPN
OSPN
RGS
RGS
Q1 26
$272.0M
Q4 25
$271.8M
$188.7M
Q3 25
$238.3M
$187.6M
Q2 25
$242.5M
$185.6M
Q1 25
$231.1M
$68.6M
Q4 24
$212.5M
$66.7M
Q3 24
$194.6M
$56.4M
Q2 24
$178.6M
$56.8M
Total Assets
OSPN
OSPN
RGS
RGS
Q1 26
$383.1M
Q4 25
$397.7M
$588.3M
Q3 25
$343.5M
$592.1M
Q2 25
$357.1M
$599.0M
Q1 25
$333.8M
$511.2M
Q4 24
$338.7M
$530.1M
Q3 24
$289.3M
$508.9M
Q2 24
$286.9M
$530.5M
Debt / Equity
OSPN
OSPN
RGS
RGS
Q1 26
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×

Cash Flow & Capital Efficiency

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

Metric
OSPN
OSPN
RGS
RGS
Operating Cash FlowLast quarter
$28.2M
$1.7M
Free Cash FlowOCF − Capex
$891.0K
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
2.44×
3.65×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OSPN
OSPN
RGS
RGS
Q1 26
$28.2M
Q4 25
$12.6M
$1.7M
Q3 25
$11.3M
$2.3M
Q2 25
$6.2M
$6.8M
Q1 25
$29.4M
$6.2M
Q4 24
$12.4M
$2.1M
Q3 24
$14.0M
$-1.3M
Q2 24
$2.3M
$5.1M
Free Cash Flow
OSPN
OSPN
RGS
RGS
Q1 26
Q4 25
$9.6M
$891.0K
Q3 25
$8.8M
$1.9M
Q2 25
$4.4M
$6.2M
Q1 25
$27.7M
$5.9M
Q4 24
$10.5M
$1.7M
Q3 24
$12.0M
$-1.4M
Q2 24
$26.0K
$5.1M
FCF Margin
OSPN
OSPN
RGS
RGS
Q1 26
Q4 25
15.3%
1.6%
Q3 25
15.4%
3.2%
Q2 25
7.3%
10.3%
Q1 25
43.8%
10.3%
Q4 24
17.1%
3.6%
Q3 24
21.4%
-3.0%
Q2 24
0.0%
10.3%
Capex Intensity
OSPN
OSPN
RGS
RGS
Q1 26
Q4 25
4.7%
1.4%
Q3 25
4.4%
0.7%
Q2 25
3.1%
0.9%
Q1 25
2.6%
0.6%
Q4 24
3.2%
0.9%
Q3 24
3.5%
0.0%
Q2 24
3.7%
0.0%
Cash Conversion
OSPN
OSPN
RGS
RGS
Q1 26
2.44×
Q4 25
0.29×
3.65×
Q3 25
1.74×
1.68×
Q2 25
0.75×
0.06×
Q1 25
2.02×
24.80×
Q4 24
0.43×
0.28×
Q3 24
1.69×
Q2 24
0.35×
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OSPN
OSPN

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

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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