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Side-by-side financial comparison of OneSpan Inc. (OSPN) and STEM, INC. (STEM). Click either name above to swap in a different company.
OneSpan Inc. is the larger business by last-quarter revenue ($62.9M vs $47.1M, roughly 1.3× STEM, INC.). OneSpan Inc. runs the higher net margin — 69.2% vs -33.9%, a 103.1% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (2.9% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs -1.5%).
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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
OSPN vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.9M | $47.1M |
| Net Profit | $43.5M | $-16.0M |
| Gross Margin | 73.6% | 48.9% |
| Operating Margin | 19.9% | -17.7% |
| Net Margin | 69.2% | -33.9% |
| Revenue YoY | 2.9% | -15.6% |
| Net Profit YoY | 51.3% | 68.8% |
| EPS (diluted) | $1.13 | $-4.40 |
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.
| Q4 25 | $62.9M | $47.1M | ||
| Q3 25 | $57.1M | $38.2M | ||
| Q2 25 | $59.8M | $38.4M | ||
| Q1 25 | $63.4M | $32.5M | ||
| Q4 24 | $61.2M | $55.8M | ||
| Q3 24 | $56.2M | $29.3M | ||
| Q2 24 | $60.9M | $34.0M | ||
| Q1 24 | $64.8M | $25.5M |
| Q4 25 | $43.5M | $-16.0M | ||
| Q3 25 | $6.5M | $-23.8M | ||
| Q2 25 | $8.3M | $202.5M | ||
| Q1 25 | $14.5M | $-25.0M | ||
| Q4 24 | $28.8M | $-51.1M | ||
| Q3 24 | $8.3M | $-148.3M | ||
| Q2 24 | $6.6M | $-582.3M | ||
| Q1 24 | $13.5M | $-72.3M |
| Q4 25 | 73.6% | 48.9% | ||
| Q3 25 | 73.6% | 35.5% | ||
| Q2 25 | 73.5% | 33.4% | ||
| Q1 25 | 74.3% | 32.4% | ||
| Q4 24 | 74.0% | -4.4% | ||
| Q3 24 | 73.9% | 21.2% | ||
| Q2 24 | 66.2% | 27.6% | ||
| Q1 24 | 73.1% | -95.0% |
| Q4 25 | 19.9% | -17.7% | ||
| Q3 25 | 14.4% | -33.6% | ||
| Q2 25 | 17.6% | -34.8% | ||
| Q1 25 | 27.1% | -65.0% | ||
| Q4 24 | 19.3% | -84.4% | ||
| Q3 24 | 20.0% | -493.2% | ||
| Q2 24 | 12.5% | -1705.5% | ||
| Q1 24 | 21.8% | -267.0% |
| Q4 25 | 69.2% | -33.9% | ||
| Q3 25 | 11.4% | -62.2% | ||
| Q2 25 | 13.9% | 527.8% | ||
| Q1 25 | 22.9% | -76.9% | ||
| Q4 24 | 47.1% | -91.6% | ||
| Q3 24 | 14.7% | -506.3% | ||
| Q2 24 | 10.8% | -1712.6% | ||
| Q1 24 | 20.8% | -283.9% |
| Q4 25 | $1.13 | $-4.40 | ||
| Q3 25 | $0.17 | $-2.84 | ||
| Q2 25 | $0.21 | $-1.79 | ||
| Q1 25 | $0.37 | $-0.15 | ||
| Q4 24 | $0.73 | $-15.29 | ||
| Q3 24 | $0.21 | $-18.24 | ||
| Q2 24 | $0.17 | $-71.81 | ||
| Q1 24 | $0.35 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $70.5M | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $271.8M | $-249.4M |
| Total Assets | $397.7M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.5M | $48.9M | ||
| Q3 25 | $85.6M | $43.1M | ||
| Q2 25 | $92.9M | $40.8M | ||
| Q1 25 | $105.2M | $58.6M | ||
| Q4 24 | $83.2M | $56.3M | ||
| Q3 24 | $77.5M | $75.4M | ||
| Q2 24 | $63.8M | $89.6M | ||
| Q1 24 | $63.9M | $112.8M |
| Q4 25 | $271.8M | $-249.4M | ||
| Q3 25 | $238.3M | $-235.7M | ||
| Q2 25 | $242.5M | $-214.1M | ||
| Q1 25 | $231.1M | $-417.5M | ||
| Q4 24 | $212.5M | $-398.4M | ||
| Q3 24 | $194.6M | $-344.1M | ||
| Q2 24 | $178.6M | $-203.2M | ||
| Q1 24 | $170.9M | $371.6M |
| Q4 25 | $397.7M | $308.9M | ||
| Q3 25 | $343.5M | $362.6M | ||
| Q2 25 | $357.1M | $379.2M | ||
| Q1 25 | $333.8M | $405.1M | ||
| Q4 24 | $338.7M | $437.4M | ||
| Q3 24 | $289.3M | $537.8M | ||
| Q2 24 | $286.9M | $691.5M | ||
| Q1 24 | $277.1M | $1.3B |
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 | $12.6M | $8.2M |
| Free Cash FlowOCF − Capex | $9.6M | — |
| FCF MarginFCF / Revenue | 15.3% | — |
| Capex IntensityCapex / Revenue | 4.7% | — |
| Cash ConversionOCF / Net Profit | 0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $50.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.6M | $8.2M | ||
| Q3 25 | $11.3M | $11.4M | ||
| Q2 25 | $6.2M | $-21.3M | ||
| Q1 25 | $29.4M | $8.5M | ||
| Q4 24 | $12.4M | $-14.7M | ||
| Q3 24 | $14.0M | $-9.4M | ||
| Q2 24 | $2.3M | $-11.9M | ||
| Q1 24 | $27.0M | $-621.0K |
| 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 24 | $23.9M | — |
| 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 24 | 36.9% | — |
| 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 24 | 4.7% | — |
| Q4 25 | 0.29× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 0.75× | -0.11× | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 2.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OSPN
| Transferred At Point In Time | $32.7M | 52% |
| Subscription | $21.1M | 34% |
| Maintenance Support And Other | $9.2M | 15% |
STEM
Segment breakdown not available.
