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ALTISOURCE PORTFOLIO SOLUTIONS S.A.（ASPS）与OneSpan Inc.（OSPN）财务数据对比。点击上方公司名可切换其他公司
OneSpan Inc.的季度营收约是ALTISOURCE PORTFOLIO SOLUTIONS S.A.的1.6倍（$65.9M vs $42.3M），OneSpan Inc.净利率更高（17.5% vs -16.8%，领先34.4%），OneSpan Inc.同比增速更快（4.1% vs 3.2%），过去两年OneSpan Inc.的营收复合增速更高（4.0% vs 3.6%）
Altisource Portfolio Solutions S.A.是面向抵押贷款、房地产及消费金融领域的全球服务商，为贷款机构、服务商、投资者等市场参与者提供技术、数据与运营解决方案，优化资产管理、房产交易等业务流程，提升客户运营效率。
OneSpan Inc.是一家总部位于美国马萨诸塞州波士顿的信息安全企业，核心业务涵盖网络欺诈防御平台搭建、多因素身份验证工具提供以及电子签名软件开发，为各类机构提供专业的数字安全与身份合规管理解决方案。
ASPS vs OSPN — 直观对比
营收规模更大
OSPN
是对方的1.6倍
$42.3M
营收增速更快
OSPN
高出0.8%
3.2%
净利率更高
OSPN
高出34.4%
-16.8%
两年增速更快
OSPN
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $42.3M | $65.9M |
| 净利润 | $-7.1M | $11.6M |
| 毛利率 | 26.5% | 73.6% |
| 营业利润率 | -15.5% | 22.5% |
| 净利率 | -16.8% | 17.5% |
| 营收同比 | 3.2% | 4.1% |
| 净利润同比 | 18.2% | — |
| 每股收益（稀释后） | $-1.02 | $0.39 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASPSOSPN
| Q1 26 | — | $65.9M | ||
| Q4 25 | $42.3M | $62.9M | ||
| Q3 25 | $41.9M | $57.1M | ||
| Q2 25 | $43.3M | $59.8M | ||
| Q1 25 | $43.4M | $63.4M | ||
| Q4 24 | $41.0M | $61.2M | ||
| Q3 24 | $40.5M | $56.2M | ||
| Q2 24 | $39.1M | $60.9M |
净利润ASPSOSPN
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-7.1M | $43.5M | ||
| Q3 25 | $-2.3M | $6.5M | ||
| Q2 25 | $16.7M | $8.3M | ||
| Q1 25 | $-5.3M | $14.5M | ||
| Q4 24 | $-8.7M | $28.8M | ||
| Q3 24 | $-9.3M | $8.3M | ||
| Q2 24 | $-8.3M | $6.6M |
毛利率ASPSOSPN
| Q1 26 | — | 73.6% | ||
| Q4 25 | 26.5% | 73.6% | ||
| Q3 25 | 27.1% | 73.6% | ||
| Q2 25 | 30.1% | 73.5% | ||
| Q1 25 | 30.7% | 74.3% | ||
| Q4 24 | 30.3% | 74.0% | ||
| Q3 24 | 29.8% | 73.9% | ||
| Q2 24 | 32.5% | 66.2% |
营业利润率ASPSOSPN
| Q1 26 | — | 22.5% | ||
| Q4 25 | -15.5% | 19.9% | ||
| Q3 25 | 1.2% | 14.4% | ||
| Q2 25 | 7.5% | 17.6% | ||
| Q1 25 | 7.5% | 27.1% | ||
| Q4 24 | 1.4% | 19.3% | ||
| Q3 24 | 2.7% | 20.0% | ||
| Q2 24 | 5.3% | 12.5% |
净利率ASPSOSPN
| Q1 26 | — | 17.5% | ||
| Q4 25 | -16.8% | 69.2% | ||
| Q3 25 | -5.5% | 11.4% | ||
| Q2 25 | 38.5% | 13.9% | ||
| Q1 25 | -12.1% | 22.9% | ||
| Q4 24 | -21.3% | 47.1% | ||
| Q3 24 | -23.0% | 14.7% | ||
| Q2 24 | -21.1% | 10.8% |
每股收益（稀释后）ASPSOSPN
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-1.02 | $1.13 | ||
| Q3 25 | $-0.22 | $0.17 | ||
| Q2 25 | $1.48 | $0.21 | ||
| Q1 25 | $-0.09 | $0.37 | ||
| Q4 24 | $-4.72 | $0.73 | ||
| Q3 24 | $-2.61 | $0.21 | ||
| Q2 24 | $-2.33 | $0.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $26.6M | $49.8M |
| 总债务越低越好 | $191.1M | — |
| 股东权益账面价值 | $-110.2M | $272.0M |
| 总资产 | $139.8M | $383.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASPSOSPN
| Q1 26 | — | $49.8M | ||
| Q4 25 | $26.6M | $70.5M | ||
| Q3 25 | $28.6M | $85.6M | ||
| Q2 25 | $30.0M | $92.9M | ||
| Q1 25 | $30.8M | $105.2M | ||
| Q4 24 | $29.8M | $83.2M | ||
| Q3 24 | $28.3M | $77.5M | ||
| Q2 24 | $29.7M | $63.8M |
总债务ASPSOSPN
| Q1 26 | — | — | ||
| Q4 25 | $191.1M | — | ||
| Q3 25 | $192.5M | — | ||
| Q2 25 | $193.9M | — | ||
| Q1 25 | $195.0M | — | ||
| Q4 24 | $230.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ASPSOSPN
| Q1 26 | — | $272.0M | ||
| Q4 25 | $-110.2M | $271.8M | ||
| Q3 25 | $-104.2M | $238.3M | ||
| Q2 25 | $-102.7M | $242.5M | ||
| Q1 25 | $-119.8M | $231.1M | ||
| Q4 24 | $-157.4M | $212.5M | ||
| Q3 24 | $-149.4M | $194.6M | ||
| Q2 24 | $-140.8M | $178.6M |
总资产ASPSOSPN
| Q1 26 | — | $383.1M | ||
| Q4 25 | $139.8M | $397.7M | ||
| Q3 25 | $139.9M | $343.5M | ||
| Q2 25 | $142.9M | $357.1M | ||
| Q1 25 | $145.7M | $333.8M | ||
| Q4 24 | $143.6M | $338.7M | ||
| Q3 24 | $144.5M | $289.3M | ||
| Q2 24 | $146.6M | $286.9M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-505.0K | $28.2M |
| 自由现金流经营现金流 - 资本支出 | $-525.0K | — |
| 自由现金流率自由现金流/营收 | -1.2% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $-5.1M | — |
8季度趋势，按日历期对齐
经营现金流ASPSOSPN
| Q1 26 | — | $28.2M | ||
| Q4 25 | $-505.0K | $12.6M | ||
| Q3 25 | $718.0K | $11.3M | ||
| Q2 25 | $-306.0K | $6.2M | ||
| Q1 25 | $-5.0M | $29.4M | ||
| Q4 24 | $-1.4M | $12.4M | ||
| Q3 24 | $-1.6M | $14.0M | ||
| Q2 24 | $180.0K | $2.3M |
自由现金流ASPSOSPN
| Q1 26 | — | — | ||
| Q4 25 | $-525.0K | $9.6M | ||
| Q3 25 | $697.0K | $8.8M | ||
| Q2 25 | $-309.0K | $4.4M | ||
| Q1 25 | $-5.0M | $27.7M | ||
| Q4 24 | $-1.4M | $10.5M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $26.0K |
自由现金流率ASPSOSPN
| Q1 26 | — | — | ||
| Q4 25 | -1.2% | 15.3% | ||
| Q3 25 | 1.7% | 15.4% | ||
| Q2 25 | -0.7% | 7.3% | ||
| Q1 25 | -11.5% | 43.8% | ||
| Q4 24 | -3.4% | 17.1% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 0.0% |
资本支出强度ASPSOSPN
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 4.7% | ||
| Q3 25 | 0.1% | 4.4% | ||
| Q2 25 | 0.0% | 3.1% | ||
| Q1 25 | 0.1% | 2.6% | ||
| Q4 24 | 0.0% | 3.2% | ||
| Q3 24 | 0.0% | 3.5% | ||
| Q2 24 | 0.0% | 3.7% |
现金转化率ASPSOSPN
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | -0.02× | 0.75× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 0.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASPS
| Services | $39.9M | 94% |
| Revenue Relatedto Technology Platformsand Professional Services | $2.4M | 6% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
