OSPNOneSpan Inc.
Services-Computer Integrated Systems Design
- Revenue
- $243M
- 0.0% YoY
- Operating margin
- 19.9%
- 8.1% YoY
- EBITDA
- $59M
- 10% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear82% of net incomeCash flow under 80% of net income
- Dilutive SBCClear5% of revenueOver 10% of revenue
- Payouts exceed cash flowClear53% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear32% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $214M | $219M | $235M | $243M | $243M | 0.0% |
| Operating income | −$26M | −$27M | −$29M | $45M | $48M | 8.1% |
| Net income | −$31M | −$14M | −$30M | $57M | $73M | 28% |
| Operating cash flow | −$3M | −$6M | −$11M | $56M | $59M | 6.8% |
| Capex | $2M | $5M | $12M | $9M | $9M | 3.1% |
| Stock-based comp | $4M | $9M | $14M | $9M | $11M | 25% |
| Buybacks | $7M | $6M | $29M | $3K | $13M | 437967% |
| Dividends | — | — | $0 | $0 | $18M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | −$478K | 64 | 258 |
| FY2024 | — | — | 90 | 201 |
| FY2023 | — | — | 52 | 147 |
| FY2022 | — | — | 54 | 89 |
| FY2021 | — | — | 82 | 138 |