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Side-by-side financial comparison of OneSpan Inc. (OSPN) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $35.3M, roughly 1.9× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs 17.5%, a 26.3% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 4.1%). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
OSPN vs UNTY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.9M | $35.3M |
| Net Profit | $11.6M | $15.5M |
| Gross Margin | 73.6% | — |
| Operating Margin | 22.5% | 55.8% |
| Net Margin | 17.5% | 43.9% |
| Revenue YoY | 4.1% | 24.2% |
| Net Profit YoY | — | 34.5% |
| EPS (diluted) | $0.39 | $1.52 |
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 | $35.3M | ||
| Q3 25 | $57.1M | $32.8M | ||
| Q2 25 | $59.8M | $34.4M | ||
| Q1 25 | $63.4M | $29.4M | ||
| Q4 24 | $61.2M | $28.4M | ||
| Q3 24 | $56.2M | $27.7M | ||
| Q2 24 | $60.9M | $25.5M |
| Q1 26 | $11.6M | — | ||
| Q4 25 | $43.5M | $15.5M | ||
| Q3 25 | $6.5M | $14.4M | ||
| Q2 25 | $8.3M | $16.5M | ||
| Q1 25 | $14.5M | $11.6M | ||
| Q4 24 | $28.8M | $11.5M | ||
| Q3 24 | $8.3M | $10.9M | ||
| Q2 24 | $6.6M | $9.5M |
| 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 | 19.9% | 55.8% | ||
| Q3 25 | 14.4% | 57.5% | ||
| Q2 25 | 17.6% | 62.6% | ||
| Q1 25 | 27.1% | 52.6% | ||
| Q4 24 | 19.3% | 51.0% | ||
| Q3 24 | 20.0% | 52.7% | ||
| Q2 24 | 12.5% | 49.3% |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 69.2% | 43.9% | ||
| Q3 25 | 11.4% | 43.8% | ||
| Q2 25 | 13.9% | 48.0% | ||
| Q1 25 | 22.9% | 39.5% | ||
| Q4 24 | 47.1% | 40.5% | ||
| Q3 24 | 14.7% | 39.4% | ||
| Q2 24 | 10.8% | 37.1% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $1.13 | $1.52 | ||
| Q3 25 | $0.17 | $1.41 | ||
| Q2 25 | $0.21 | $1.61 | ||
| Q1 25 | $0.37 | $1.13 | ||
| Q4 24 | $0.73 | $1.13 | ||
| Q3 24 | $0.21 | $1.07 | ||
| Q2 24 | $0.17 | $0.92 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $272.0M | $345.6M |
| Total Assets | $383.1M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.8M | — | ||
| Q4 25 | $70.5M | — | ||
| Q3 25 | $85.6M | — | ||
| Q2 25 | $92.9M | — | ||
| Q1 25 | $105.2M | — | ||
| Q4 24 | $83.2M | — | ||
| Q3 24 | $77.5M | — | ||
| Q2 24 | $63.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $272.0M | — | ||
| Q4 25 | $271.8M | $345.6M | ||
| Q3 25 | $238.3M | $334.0M | ||
| Q2 25 | $242.5M | $319.8M | ||
| Q1 25 | $231.1M | $306.1M | ||
| Q4 24 | $212.5M | $295.6M | ||
| Q3 24 | $194.6M | $284.3M | ||
| Q2 24 | $178.6M | $273.4M |
| Q1 26 | $383.1M | — | ||
| Q4 25 | $397.7M | $3.0B | ||
| Q3 25 | $343.5M | $2.9B | ||
| Q2 25 | $357.1M | $2.9B | ||
| Q1 25 | $333.8M | $2.8B | ||
| Q4 24 | $338.7M | $2.7B | ||
| Q3 24 | $289.3M | $2.6B | ||
| Q2 24 | $286.9M | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $44.9M |
| Free Cash FlowOCF − Capex | — | $44.3M |
| FCF MarginFCF / Revenue | — | 125.7% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 2.44× | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.2M | — | ||
| Q4 25 | $12.6M | $44.9M | ||
| Q3 25 | $11.3M | $45.5M | ||
| Q2 25 | $6.2M | $-25.3M | ||
| Q1 25 | $29.4M | $17.9M | ||
| Q4 24 | $12.4M | $48.0M | ||
| Q3 24 | $14.0M | $17.7M | ||
| Q2 24 | $2.3M | $-8.4M |
| Q1 26 | — | — | ||
| Q4 25 | $9.6M | $44.3M | ||
| Q3 25 | $8.8M | $45.3M | ||
| Q2 25 | $4.4M | $-25.5M | ||
| Q1 25 | $27.7M | $17.6M | ||
| Q4 24 | $10.5M | $47.3M | ||
| Q3 24 | $12.0M | $17.5M | ||
| Q2 24 | $26.0K | $-8.6M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 125.7% | ||
| Q3 25 | 15.4% | 138.1% | ||
| Q2 25 | 7.3% | -74.2% | ||
| Q1 25 | 43.8% | 59.9% | ||
| Q4 24 | 17.1% | 166.5% | ||
| Q3 24 | 21.4% | 63.3% | ||
| Q2 24 | 0.0% | -33.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 1.6% | ||
| Q3 25 | 4.4% | 0.7% | ||
| Q2 25 | 3.1% | 0.5% | ||
| Q1 25 | 2.6% | 1.0% | ||
| Q4 24 | 3.2% | 2.4% | ||
| Q3 24 | 3.5% | 0.5% | ||
| Q2 24 | 3.7% | 0.5% |
| Q1 26 | 2.44× | — | ||
| Q4 25 | 0.29× | 2.90× | ||
| Q3 25 | 1.74× | 3.16× | ||
| Q2 25 | 0.75× | -1.54× | ||
| Q1 25 | 2.02× | 1.54× | ||
| Q4 24 | 0.43× | 4.17× | ||
| Q3 24 | 1.69× | 1.62× | ||
| Q2 24 | 0.35× | -0.89× |
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% |
UNTY
Segment breakdown not available.
