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Side-by-side financial comparison of OneSpan Inc. (OSPN) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $41.8M, roughly 1.6× Neuronetics, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -17.2%, a 34.8% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 4.1%). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% 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.
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
OSPN vs STIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.9M | $41.8M |
| Net Profit | $11.6M | $-7.2M |
| Gross Margin | 73.6% | 52.0% |
| Operating Margin | 22.5% | -12.1% |
| Net Margin | 17.5% | -17.2% |
| Revenue YoY | 4.1% | 85.7% |
| Net Profit YoY | — | 43.2% |
| EPS (diluted) | $0.39 | $-0.10 |
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 | $62.9M | $41.8M | ||
| Q3 25 | $57.1M | $37.3M | ||
| Q2 25 | $59.8M | $38.1M | ||
| Q1 25 | $63.4M | $32.0M | ||
| Q4 24 | $61.2M | $22.5M | ||
| Q3 24 | $56.2M | $18.5M | ||
| Q2 24 | $60.9M | $16.4M |
| Q1 26 | $11.6M | — | ||
| Q4 25 | $43.5M | $-7.2M | ||
| Q3 25 | $6.5M | $-9.0M | ||
| Q2 25 | $8.3M | $-10.1M | ||
| Q1 25 | $14.5M | $-12.7M | ||
| Q4 24 | $28.8M | $-12.7M | ||
| Q3 24 | $8.3M | $-13.3M | ||
| Q2 24 | $6.6M | $-9.8M |
| Q1 26 | 73.6% | — | ||
| Q4 25 | 73.6% | 52.0% | ||
| Q3 25 | 73.6% | 45.9% | ||
| Q2 25 | 73.5% | 46.6% | ||
| Q1 25 | 74.3% | 49.2% | ||
| Q4 24 | 74.0% | 66.2% | ||
| Q3 24 | 73.9% | 75.6% | ||
| Q2 24 | 66.2% | 74.0% |
| Q1 26 | 22.5% | — | ||
| Q4 25 | 19.9% | -12.1% | ||
| Q3 25 | 14.4% | -19.6% | ||
| Q2 25 | 17.6% | -21.1% | ||
| Q1 25 | 27.1% | -34.4% | ||
| Q4 24 | 19.3% | -51.0% | ||
| Q3 24 | 20.0% | -41.7% | ||
| Q2 24 | 12.5% | -51.7% |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 69.2% | -17.2% | ||
| Q3 25 | 11.4% | -24.3% | ||
| Q2 25 | 13.9% | -26.6% | ||
| Q1 25 | 22.9% | -39.6% | ||
| Q4 24 | 47.1% | -56.4% | ||
| Q3 24 | 14.7% | -72.0% | ||
| Q2 24 | 10.8% | -59.8% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $1.13 | $-0.10 | ||
| Q3 25 | $0.17 | $-0.13 | ||
| Q2 25 | $0.21 | $-0.15 | ||
| Q1 25 | $0.37 | $-0.21 | ||
| Q4 24 | $0.73 | $-0.34 | ||
| Q3 24 | $0.21 | $-0.44 | ||
| Q2 24 | $0.17 | $-0.33 |
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 | $28.1M |
| Total DebtLower is stronger | — | $65.8M |
| Stockholders' EquityBook value | $272.0M | $22.4M |
| Total Assets | $383.1M | $141.6M |
| Debt / EquityLower = less leverage | — | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.8M | — | ||
| Q4 25 | $70.5M | $28.1M | ||
| Q3 25 | $85.6M | $28.0M | ||
| Q2 25 | $92.9M | $11.0M | ||
| Q1 25 | $105.2M | $20.2M | ||
| Q4 24 | $83.2M | $18.5M | ||
| Q3 24 | $77.5M | $20.9M | ||
| Q2 24 | $63.8M | $42.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $65.8M | ||
| Q3 25 | — | $65.7M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $55.3M | ||
| Q4 24 | — | $55.2M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $59.8M |
| Q1 26 | $272.0M | — | ||
| Q4 25 | $271.8M | $22.4M | ||
| Q3 25 | $238.3M | $27.4M | ||
| Q2 25 | $242.5M | $27.1M | ||
| Q1 25 | $231.1M | $35.5M | ||
| Q4 24 | $212.5M | $27.7M | ||
| Q3 24 | $194.6M | $9.4M | ||
| Q2 24 | $178.6M | $19.4M |
| Q1 26 | $383.1M | — | ||
| Q4 25 | $397.7M | $141.6M | ||
| Q3 25 | $343.5M | $145.5M | ||
| Q2 25 | $357.1M | $134.7M | ||
| Q1 25 | $333.8M | $142.0M | ||
| Q4 24 | $338.7M | $140.9M | ||
| Q3 24 | $289.3M | — | ||
| Q2 24 | $286.9M | $96.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.94× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 4.90× | ||
| Q2 24 | — | 3.08× |
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 | $908.0K |
| Free Cash FlowOCF − Capex | — | $692.0K |
| FCF MarginFCF / Revenue | — | 1.7% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.2M | — | ||
| Q4 25 | $12.6M | $908.0K | ||
| Q3 25 | $11.3M | $-785.0K | ||
| Q2 25 | $6.2M | $-3.5M | ||
| Q1 25 | $29.4M | $-17.0M | ||
| Q4 24 | $12.4M | $-8.6M | ||
| Q3 24 | $14.0M | $-5.4M | ||
| Q2 24 | $2.3M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $9.6M | $692.0K | ||
| Q3 25 | $8.8M | $-899.0K | ||
| Q2 25 | $4.4M | $-3.8M | ||
| Q1 25 | $27.7M | $-17.2M | ||
| Q4 24 | $10.5M | $-8.7M | ||
| Q3 24 | $12.0M | $-5.8M | ||
| Q2 24 | $26.0K | $-5.6M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 1.7% | ||
| Q3 25 | 15.4% | -2.4% | ||
| Q2 25 | 7.3% | -9.9% | ||
| Q1 25 | 43.8% | -53.8% | ||
| Q4 24 | 17.1% | -38.6% | ||
| Q3 24 | 21.4% | -31.3% | ||
| Q2 24 | 0.0% | -34.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 0.5% | ||
| Q3 25 | 4.4% | 0.3% | ||
| Q2 25 | 3.1% | 0.7% | ||
| Q1 25 | 2.6% | 0.7% | ||
| Q4 24 | 3.2% | 0.4% | ||
| Q3 24 | 3.5% | 2.1% | ||
| Q2 24 | 3.7% | 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
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
STIM
Segment breakdown not available.
