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Side-by-side financial comparison of OneSpan Inc. (OSPN) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $58.6M, roughly 1.1× Vitesse Energy, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -1.3%, a 18.8% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% vs 4.1%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -2.1%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
OSPN vs VTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.9M | $58.6M |
| Net Profit | $11.6M | $-739.0K |
| Gross Margin | 73.6% | — |
| Operating Margin | 22.5% | -12.0% |
| Net Margin | 17.5% | -1.3% |
| Revenue YoY | 4.1% | 4.8% |
| Net Profit YoY | — | 85.6% |
| EPS (diluted) | $0.39 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $57.1M | $67.4M | ||
| Q2 25 | $59.8M | $81.8M | ||
| Q1 25 | $63.4M | $66.2M | ||
| Q4 24 | $61.2M | $55.9M | ||
| Q3 24 | $56.2M | $58.3M | ||
| Q2 24 | $60.9M | $66.6M |
| Q1 26 | $11.6M | — | ||
| Q4 25 | $43.5M | $-739.0K | ||
| Q3 25 | $6.5M | $-1.3M | ||
| Q2 25 | $8.3M | $24.7M | ||
| Q1 25 | $14.5M | $2.7M | ||
| Q4 24 | $28.8M | $-5.1M | ||
| Q3 24 | $8.3M | $17.4M | ||
| Q2 24 | $6.6M | $10.9M |
| 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% | -12.0% | ||
| Q3 25 | 14.4% | 0.2% | ||
| Q2 25 | 17.6% | 22.8% | ||
| Q1 25 | 27.1% | 8.1% | ||
| Q4 24 | 19.3% | 3.7% | ||
| Q3 24 | 20.0% | 15.4% | ||
| Q2 24 | 12.5% | 25.2% |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 69.2% | -1.3% | ||
| Q3 25 | 11.4% | -1.9% | ||
| Q2 25 | 13.9% | 30.2% | ||
| Q1 25 | 22.9% | 4.0% | ||
| Q4 24 | 47.1% | -9.2% | ||
| Q3 24 | 14.7% | 29.9% | ||
| Q2 24 | 10.8% | 16.4% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $1.13 | $-0.01 | ||
| Q3 25 | $0.17 | $-0.03 | ||
| Q2 25 | $0.21 | $0.60 | ||
| Q1 25 | $0.37 | $0.08 | ||
| Q4 24 | $0.73 | $-0.15 | ||
| Q3 24 | $0.21 | $0.53 | ||
| 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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $272.0M | $629.3M |
| Total Assets | $383.1M | $893.4M |
| 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 | $4.5M | ||
| Q4 24 | $83.2M | $3.0M | ||
| Q3 24 | $77.5M | — | ||
| Q2 24 | $63.8M | — |
| Q1 26 | $272.0M | — | ||
| Q4 25 | $271.8M | $629.3M | ||
| Q3 25 | $238.3M | $650.3M | ||
| Q2 25 | $242.5M | $671.9M | ||
| Q1 25 | $231.1M | $667.7M | ||
| Q4 24 | $212.5M | $500.3M | ||
| Q3 24 | $194.6M | $520.4M | ||
| Q2 24 | $178.6M | $518.5M |
| Q1 26 | $383.1M | — | ||
| Q4 25 | $397.7M | $893.4M | ||
| Q3 25 | $343.5M | $932.9M | ||
| Q2 25 | $357.1M | $951.5M | ||
| Q1 25 | $333.8M | $975.2M | ||
| Q4 24 | $338.7M | $810.9M | ||
| Q3 24 | $289.3M | $791.2M | ||
| Q2 24 | $286.9M | $778.4M |
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 | $37.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.2M | — | ||
| Q4 25 | $12.6M | $37.4M | ||
| Q3 25 | $11.3M | $49.4M | ||
| Q2 25 | $6.2M | $66.0M | ||
| Q1 25 | $29.4M | $17.5M | ||
| Q4 24 | $12.4M | $34.7M | ||
| Q3 24 | $14.0M | $45.7M | ||
| Q2 24 | $2.3M | $35.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | 2.44× | — | ||
| Q4 25 | 0.29× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 0.75× | 2.68× | ||
| Q1 25 | 2.02× | 6.56× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.69× | 2.62× | ||
| Q2 24 | 0.35× | 3.22× |
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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
