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Side-by-side financial comparison of OneSpan Inc. (OSPN) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $65.9M, roughly 1.6× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs 10.3%, a 7.3% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 4.1%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
OSPN vs TCMD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.9M | $103.6M |
| Net Profit | $11.6M | $10.6M |
| Gross Margin | 73.6% | 78.2% |
| Operating Margin | 22.5% | 18.1% |
| Net Margin | 17.5% | 10.3% |
| Revenue YoY | 4.1% | 21.0% |
| Net Profit YoY | — | 9.4% |
| EPS (diluted) | $0.39 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $57.1M | $85.8M | ||
| Q2 25 | $59.8M | $78.9M | ||
| Q1 25 | $63.4M | $61.3M | ||
| Q4 24 | $61.2M | $85.6M | ||
| Q3 24 | $56.2M | $73.1M | ||
| Q2 24 | $60.9M | $73.2M |
| Q1 26 | $11.6M | — | ||
| Q4 25 | $43.5M | $10.6M | ||
| Q3 25 | $6.5M | $8.2M | ||
| Q2 25 | $8.3M | $3.2M | ||
| Q1 25 | $14.5M | $-3.0M | ||
| Q4 24 | $28.8M | $9.7M | ||
| Q3 24 | $8.3M | $5.2M | ||
| Q2 24 | $6.6M | $4.3M |
| Q1 26 | 73.6% | — | ||
| Q4 25 | 73.6% | 78.2% | ||
| Q3 25 | 73.6% | 75.8% | ||
| Q2 25 | 73.5% | 74.5% | ||
| Q1 25 | 74.3% | 74.0% | ||
| Q4 24 | 74.0% | 75.2% | ||
| Q3 24 | 73.9% | 75.0% | ||
| Q2 24 | 66.2% | 73.9% |
| Q1 26 | 22.5% | — | ||
| Q4 25 | 19.9% | 18.1% | ||
| Q3 25 | 14.4% | 12.8% | ||
| Q2 25 | 17.6% | 5.2% | ||
| Q1 25 | 27.1% | -7.4% | ||
| Q4 24 | 19.3% | 14.6% | ||
| Q3 24 | 20.0% | 9.3% | ||
| Q2 24 | 12.5% | 8.0% |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 69.2% | 10.3% | ||
| Q3 25 | 11.4% | 9.6% | ||
| Q2 25 | 13.9% | 4.1% | ||
| Q1 25 | 22.9% | -4.9% | ||
| Q4 24 | 47.1% | 11.4% | ||
| Q3 24 | 14.7% | 7.1% | ||
| Q2 24 | 10.8% | 5.9% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $1.13 | $0.45 | ||
| Q3 25 | $0.17 | $0.36 | ||
| Q2 25 | $0.21 | $0.14 | ||
| Q1 25 | $0.37 | $-0.13 | ||
| Q4 24 | $0.73 | $0.40 | ||
| Q3 24 | $0.21 | $0.21 | ||
| Q2 24 | $0.17 | $0.18 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $272.0M | $218.9M |
| Total Assets | $383.1M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.8M | — | ||
| Q4 25 | $70.5M | $83.4M | ||
| Q3 25 | $85.6M | $66.0M | ||
| Q2 25 | $92.9M | $81.5M | ||
| Q1 25 | $105.2M | $83.6M | ||
| Q4 24 | $83.2M | $94.4M | ||
| Q3 24 | $77.5M | $82.1M | ||
| Q2 24 | $63.8M | $73.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M |
| Q1 26 | $272.0M | — | ||
| Q4 25 | $271.8M | $218.9M | ||
| Q3 25 | $238.3M | $204.9M | ||
| Q2 25 | $242.5M | $194.9M | ||
| Q1 25 | $231.1M | $205.6M | ||
| Q4 24 | $212.5M | $216.6M | ||
| Q3 24 | $194.6M | $207.9M | ||
| Q2 24 | $178.6M | $200.7M |
| Q1 26 | $383.1M | — | ||
| Q4 25 | $397.7M | $273.9M | ||
| Q3 25 | $343.5M | $259.2M | ||
| Q2 25 | $357.1M | $273.0M | ||
| Q1 25 | $333.8M | $280.2M | ||
| Q4 24 | $338.7M | $297.9M | ||
| Q3 24 | $289.3M | $287.7M | ||
| Q2 24 | $286.9M | $278.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.2M | — | ||
| Q4 25 | $12.6M | $17.3M | ||
| Q3 25 | $11.3M | $10.3M | ||
| Q2 25 | $6.2M | $14.8M | ||
| Q1 25 | $29.4M | $417.0K | ||
| Q4 24 | $12.4M | $16.3M | ||
| Q3 24 | $14.0M | $10.3M | ||
| Q2 24 | $2.3M | $13.1M |
| Q1 26 | — | — | ||
| Q4 25 | $9.6M | $16.8M | ||
| Q3 25 | $8.8M | $9.2M | ||
| Q2 25 | $4.4M | $14.4M | ||
| Q1 25 | $27.7M | $38.0K | ||
| Q4 24 | $10.5M | $15.9M | ||
| Q3 24 | $12.0M | $9.3M | ||
| Q2 24 | $26.0K | $12.6M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 16.2% | ||
| Q3 25 | 15.4% | 10.8% | ||
| Q2 25 | 7.3% | 18.2% | ||
| Q1 25 | 43.8% | 0.1% | ||
| Q4 24 | 17.1% | 18.5% | ||
| Q3 24 | 21.4% | 12.7% | ||
| Q2 24 | 0.0% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 0.5% | ||
| Q3 25 | 4.4% | 1.3% | ||
| Q2 25 | 3.1% | 0.5% | ||
| Q1 25 | 2.6% | 0.6% | ||
| Q4 24 | 3.2% | 0.5% | ||
| Q3 24 | 3.5% | 1.3% | ||
| Q2 24 | 3.7% | 0.7% |
| Q1 26 | 2.44× | — | ||
| Q4 25 | 0.29× | 1.63× | ||
| Q3 25 | 1.74× | 1.26× | ||
| Q2 25 | 0.75× | 4.59× | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 0.43× | 1.68× | ||
| Q3 24 | 1.69× | 1.99× | ||
| Q2 24 | 0.35× | 3.06× |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
