OneSpan Inc. (OSPN)
Globally, OneSpan Inc., along with its affiliated entities, focuses on creating, developing, and marketing digital solutions designed to enhance identity management, strengthen security, and boost business productivity. The company's diverse product range includes OneSpan Sign, an electronic signature platform capable of addressing needs from occasional document agreements to high-volume transaction processing. It also offers OneSpan Cloud Authentication, a cloud-based multifactor authentication (MFA) system supporting a variety of verification methods such as biometrics, push notifications, visual cryptograms for transaction signing, SMS, and hardware authenticators. Financial institutions and banks benefit from its OneSpan Identity Verification service, which facilitates secure identity confirmation. Further expanding its portfolio, OneSpan provides the Mobile Security Suite, a comprehensive software development kit, and Mobile Authenticator Studio, a standalone mobile authentication application. The company also supplies authentication servers, enabling clients to implement robust access control measures. Complementing these offerings are the Trusted Identity Platform, a cloud-based solution engineered to simplify and secure user journeys, Intelligent Adaptive Authentication, and Risk Analytics, an extensive anti-fraud system. OneSpan disseminates its solutions through a combination of its dedicated direct sales force and a network of distributors, resellers, systems integrators, and original equipment manufacturers (OEMs). Founded in 1991 and based in Chicago, Illinois, the company rebranded as OneSpan Inc. in May 2018, having previously been known as VASCO Data Security International, Inc. It was also formerly a subsidiary of Guidewire Software, Inc.
Sector: Services-Computer Integrated Systems Design
Industry: Software - Infrastructure
OneSpan Inc.
NASDAQ:OSPNTechnology · Software - Infrastructure
-4.31%$24.45
CLOSED · Nov 3Prev close$25.55-4.31%Close$24.450.00%AH close$24.45
AH$24.45+0.00%vs close
Mkt Cap$902.08M
Float36.1M
O/S36.89M
VOL1.11M sh
$ Vol$27.1M
RVOL1.30×
Inst Own96.3%
SI9.6%
Div Yield2.09%
Dilution
Financials Summary
Revenue$243.18M
Net Income$72.9M
Total Assets$397.7M
Free Cash Flow$50.49M
Debt & Equity
Debt 2%
Equity 98%
Total Debt$6.14M
Total Equity$271.84M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in OSPN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$397.7M
Liabilities$125.86M
Accounts Receivable$74.27M
Accounts Payable$13.73M
Inventory$10.47M
PP&E (Net)$29.59M
Goodwill$103.84M
Intangible Assets$9.74M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Revenue | $243.18M | $243.18M | $235.11M | $219.01M | $214.48M | $215.69M | $253.48M | $212.28M | $193.29M | $192.3M | $241.44M | $201.54M | $155.05M | $154.03M | $168.08M | $107.96M | $101.69M | $132.98M | $119.98M | $76.06M | $54.58M | $29.89M | $22.87M | $18.91M | $26.73M | $28.07M | $19.4M | $15.02M | $12.3M |
| YoY Growth | 0.0% | 3.4% | 7.4% | 2.1% | -0.6% | -14.9% | 19.4% | 9.8% | 0.5% | -20.4% | 19.8% | 30.0% | 0.7% | -8.4% | 55.7% | 6.2% | -23.5% | 10.8% | 57.7% | 39.4% | 82.6% | 30.7% | 20.9% | -29.2% | -4.8% | 44.7% | 29.2% | 22.1% | - |
| Cost of Revenue | $71.28M | $68.6M | $77.39M | $70.44M | $71.55M | $63.44M | $85.65M | $64.81M | $58.78M | $61.65M | $95.35M | $73.77M | $55.18M | $54.46M | $59.97M | $32M | $30.54M | $41.01M | $40.87M | $24.36M | $20.14M | $9.18M | $9.01M | $7.17M | $10.59M | $8.65M | $6.2M | $6.95M | $6.29M |
| Gross Profit | $171.9M | $174.58M | $157.72M | $148.57M | $142.94M | $152.25M | $167.84M | $147.47M | $134.51M | $130.66M | $146.09M | $127.77M | $99.87M | $99.56M | $108.11M | $75.97M | $71.16M | $91.97M | $79.11M | $51.7M | $34.44M | $20.71M | $13.86M | $11.74M | $16.14M | $19.41M | $13.2M | $8.07M | $6.02M |
| Gross Margin | 70.7% | 71.8% | 67.1% | 67.8% | 66.6% | 70.6% | 66.2% | 69.5% | 69.6% | 67.9% | 60.5% | 63.4% | 64.4% | 64.6% | 64.3% | 70.4% | 70.0% | 69.2% | 65.9% | 68.0% | 63.1% | 69.3% | 60.6% | 62.1% | 60.4% | 69.2% | 68.0% | 53.7% | 48.9% |
| Research and Development | $34.16M | $32.42M | $38.42M | $41.73M | $47.41M | $41.19M | $42.46M | $32.2M | $23.12M | $23.21M | $18.54M | $19.5M | $21.32M | $18.79M | $18.64M | $13.57M | $11.58M | $11.62M | $9.44M | $5.53M | $3.58M | $2.83M | $2.28M | $3.12M | $4.98M | $4.58M | $3.6M | $1.79M | $1.8M |
| Selling, General, and Administrative | $92.64M | $90.55M | $128.5M | $116.5M | $115.76M | $107.19M | $101.72M | $105.39M | $96.39M | $89M | $72.16M | $65.65M | $61.52M | $57.84M | $62.74M | $49.56M | $45.71M | $51.59M | $37.75M | $26.64M | $19.34M | $12.35M | $10.45M | $12.45M | $19.98M | $16.02M | $9.4M | $7.49M | $8.15M |
| Other | -$4.97M | $6.79M | $19.66M | $17.45M | $5.89M | $9.12M | $9.47M | $2.26M | $758K | $1.04M | $81K | -$286K | $240K | $409K | $1.97M | $443K | $453K | $626K | $1.03M | $27.23M | $20.08M | $0 | $0 | $0 | $0 | $17.43M | $10.5M | $0 | $0 |
| Total Operating Expenses | $121.83M | $129.77M | $186.59M | $175.69M | $169.06M | $157.51M | $153.65M | $147.44M | $128.32M | $121.06M | $95.64M | $89.68M | $86.16M | $78.54M | $83.35M | $63.58M | $57.75M | $63.83M | $48.22M | $32.76M | $23.66M | $15.19M | $12.73M | $15.57M | $24.96M | $22.01M | $14.1M | $9.28M | $9.95M |
| Operating Income (EBIT) | $50.07M | $44.8M | -$28.87M | -$27.11M | -$26.13M | -$5.26M | $14.19M | $24K | $6.19M | $9.6M | $50.45M | $38.09M | $13.71M | $21.03M | $24.77M | $12.39M | $13.41M | $28.14M | $30.89M | $18.94M | $10.95M | $5.55M | $1.12M | -$4.14M | -$13.11M | -$2.6M | -$900K | -$1.21M | -$3.94M |
| Operating Margin | 20.6% | 18.4% | -12.3% | -12.4% | -12.2% | -2.4% | 5.6% | 0.0% | 3.2% | 5.0% | 20.9% | 18.9% | 8.8% | 13.7% | 14.7% | 11.5% | 13.2% | 21.2% | 25.7% | 24.9% | 20.1% | 18.6% | 4.9% | -21.9% | -49.0% | -9.3% | -4.6% | -8.1% | -32.0% |
| Interest Expense | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $80K | $270K | $0 | $0 | $0 | $1.46M | $0 |
| Interest Income | $732K | $1.81M | $2.09M | $595K | $0 | $404K | $747K | $1.26M | $1.43M | $785K | $364K | $118K | $162K | $261K | $543K | $324K | $572K | $990K | $479K | $121K | $69K | $120K | $0 | $0 | $775K | $29K | $0 | $0 | $0 |
| Other Income (Expense) | -$712K | $1.68M | $1.56M | $15.42M | -$15K | $1.84M | $220K | $4.47M | $2.19M | $1.78M | $445K | -$168K | $402K | $670K | $1.04M | $1.02M | $2.68M | $781K | $95K | -$301K | $575K | -$419K | $35K | $500K | -$1.26M | -$1.17M | -$1M | -$1.77M | -$1.37M |
| Income Before Tax (EBT) | $49.36M | $46.49M | -$27.31M | -$11.69M | -$26.14M | -$3.42M | $14.41M | $3.55M | $8.38M | $11.43M | $50.9M | $37.92M | $14.11M | $21.7M | $25.81M | $13.41M | $16.09M | $28.92M | $30.99M | $18.64M | $11.53M | $5.13M | $1.16M | -$4.4M | -$12.05M | -$3.77M | -$1.9M | -$2.96M | -$5.31M |
| Income Tax Expense | -$23.54M | -$10.6M | $2.49M | $2.74M | $4.44M | $2.04M | $6.54M | -$293K | $30.78M | $863K | $8.7M | $5.31M | $3.15M | $5.47M | $1.56M | $2.61M | $3.46M | $4.63M | $10.03M | $6.05M | $3.83M | $1.88M | $397K | $140K | -$13K | $395K | $300K | $687K | $607K |
| Net Income | $72.9M | $57.08M | -$29.8M | -$14.43M | -$30.58M | -$5.46M | $7.86M | $3.85M | -$22.4M | $10.52M | $42.15M | $33.48M | $11.15M | $15.6M | $18.13M | $10.81M | $12.63M | $24.29M | $20.96M | $12.59M | $7.7M | $3.25M | $2.76M | -$4.54M | -$12.03M | -$4.16M | -$2.2M | -$3.65M | -$5.92M |
| Net Income Margin | 30.0% | 23.5% | -12.7% | -6.6% | -14.3% | -2.5% | 3.1% | 1.8% | -11.6% | 5.5% | 17.5% | 16.6% | 7.2% | 10.1% | 10.8% | 10.0% | 12.4% | 18.3% | 17.5% | 16.5% | 14.1% | 10.9% | 12.1% | -24.0% | -45.0% | -14.8% | -11.3% | -24.3% | -48.1% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | 1.91 | 1.49 | -0.74 | -0.36 | -0.77 | -0.14 | 0.20 | 0.10 | -0.56 | 0.26 | 1.07 | 0.85 | 0.28 | 0.41 | 0.48 | 0.29 | 0.34 | 0.65 | 0.57 | 0.35 | 0.22 | 0.09 | -0.06 | -0.16 | -0.43 | -0.15 | -0.09 | -0.16 | -0.31 |
| Diluted EPS | 1.90 | 1.46 | -0.74 | -0.36 | -0.77 | -0.14 | 0.20 | 0.10 | -0.56 | 0.26 | 1.06 | 0.85 | 0.28 | 0.40 | 0.47 | 0.28 | 0.33 | 0.64 | 0.55 | 0.33 | 0.21 | 0.09 | -0.06 | -0.16 | -0.36 | -0.15 | -0.09 | -0.16 | -0.31 |
| Weighted Average OS | 37.90M | 38.39M | 40.19M | 40.14M | 39.61M | 40.03M | 40.05M | 39.93M | 39.80M | 39.72M | 39.57M | 39.34M | 38.87M | 38.07M | 37.55M | 37.41M | 37.32M | 37.16M | 36.88M | 36.23M | 35.43M | 32.22M | 29.27M | 28.35M | 28.14M | 27.90M | 25.56M | 22.43M | 19.11M |
| EBITDA | $59.43M | $57.61M | -$5.08M | -$6.74M | -$17.22M | $6.75M | $25.73M | $11.22M | $16.79M | $20.38M | $56.76M | $44.24M | $18.75M | $24.67M | $28.57M | $14.85M | $15.99M | $31.52M | $33.9M | $20.18M | $12.6M | $5.87M | $2.18M | -$3.39M | -$1.43M | -$1.18M | $200K | -$299K | -$2.69M |
| EBITDA Margin | 24.4% | 23.7% | -2.2% | -3.1% | -8.0% | 3.1% | 10.2% | 5.3% | 8.7% | 10.6% | 23.5% | 22.0% | 12.1% | 16.0% | 17.0% | 13.8% | 15.7% | 23.7% | 28.3% | 26.5% | 23.1% | 19.6% | 9.6% | -17.9% | -5.3% | -4.2% | 1.0% | -2.0% | -21.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $70.5M | $83.16M | $42.49M | $96.5M | $63.38M | $88.39M | $84.28M | $76.36M | $78.66M | $44.35M | $78.52M | $137.38M | $98.61M | $106.47M | $84.5M | $85.53M | $67.6M | $57.71M | $38.83M | $14.77M | $16.96M | $8.14M | $4.82M | $2.62M | $6.34M | $13.83M | $2.6M | $1.52M | $1.9M |
| Short-Term Investments | $0 | $0 | $0 | $2.33M | $35.11M | $26.86M | $25.51M | $22.79M | $79.73M | $99.85M | $44.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $70.5M | $83.16M | $42.49M | $98.83M | $98.49M | $115.25M | $109.79M | $99.15M | $158.39M | $144.2M | $123.48M | $137.38M | $98.61M | $106.47M | $84.5M | $85.53M | $67.6M | $57.71M | $38.83M | $14.77M | $16.96M | $8.14M | $4.82M | $2.62M | $6.34M | $13.83M | $2.6M | $1.52M | $1.9M |
| Accounts Receivable | $74.27M | $64.92M | $69.53M | $69.65M | $61.31M | $64.74M | $67.64M | $67.59M | $48.13M | $36.88M | $29.94M | $30.59M | $29.07M | $27.99M | $32.3M | $23.98M | $31.49M | $32.4M | $30.64M | $20.58M | $12.17M | $6.28M | $2.52M | $2.87M | $3.79M | $6.49M | $2.9M | $3.59M | $2.46M |
| Inventory | $10.47M | $10.79M | $15.55M | $12.05M | $10.35M | $13.09M | $19.82M | $14.43M | $12.04M | $17.42M | $20.62M | $33.88M | $25.65M | $18.68M | $16.03M | $10.71M | $9.02M | $13.38M | $7.08M | $4.28M | $1.57M | $1.35M | $1.07M | $1.58M | $2.01M | $1.11M | $800K | $1.27M | $1M |
| Other Current Assets | $9.94M | $9.65M | $12.2M | $10.78M | $9.36M | $6.26M | $6.35M | $5.71M | $5.5M | $5.41M | $6.28M | $2.07M | $5.59M | $4.41M | $5.27M | $568K | $1.2M | $483K | $656K | $398K | $568K | $509K | $767K | $275K | $745K | $1.08M | $1.1M | $434K | $305K |
| Total Current Assets | $172.21M | $175.06M | $146.34M | $197.54M | $187.09M | $207.18M | $209.8M | $194.35M | $227.94M | $207.47M | $183.37M | $206.44M | $162.03M | $159.44M | $139.76M | $122.65M | $112.15M | $105.9M | $78.92M | $41.32M | $32.18M | $17.12M | $9.66M | $7.6M | $13.3M | $22.51M | $7.4M | $7.22M | $5.75M |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $29.59M | $28.69M | $24.89M | $20.7M | $19.95M | $23.19M | $22.03M | $6.25M | $4.78M | $3.28M | $3.1M | $2.83M | $3.15M | $4.05M | $4.41M | $4.77M | $5.19M | $4.18M | $2.14M | $1.42M | $982K | $838K | $882K | $1.29M | $1.71M | $3.8M | $1.2M | $358K | $313K |
| Goodwill | $103.84M | $92.36M | $93.68M | $90.51M | $96.17M | $97.55M | $94.61M | $91.84M | $56.33M | $54.41M | $80.85M | $22.21M | $23.53M | $13.18M | $12.91M | $12.77M | $13.81M | $13.58M | $14.32M | $12.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $575K | $704K |
| Intangible Assets | $9.74M | $7.48M | $10.83M | $12.48M | $21.27M | $27.2M | $36.21M | $45.46M | $37.89M | $46.55M | $37.97M | $12.82M | $16.73M | $6.51M | $8.09M | $1.6M | $1.8M | $2M | $2.29M | $5.39M | $7.72M | $1.38M | $1.63M | $2.16M | $2.41M | $1.44M | $2M | $0 | $0 |
| Long-Term Investments | $11.83M | $0 | $0 | $800K | $195K | $1.88M | $4.2M | $3.32M | -$5.46M | $4.07M | -$6.22M | -$906K | -$1.63M | -$1.71M | -$2.38M | -$369K | -$563K | -$284K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $54.73M | $20.52M | $1.72M | $1.9M | $3.79M | $7.03M | $7.86M | $5.6M | $5.46M | $11.12M | $6.22M | $906K | $1.63M | $1.71M | $2.38M | $369K | $563K | $284K | $215K | $465K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $15.75M | $14.62M | $11.72M | $11.14M | $13.8M | $11.18M | $7.82M | $8.4M | $10.69M | -$257K | $6.54M | $7.26M | $7.19M | $3.34M | $3.76M | $1.14M | $548K | $2.29M | $2.79M | $1.36M | $625K | $906K | $1.22M | $81K | $27K | $1.57M | $1.7M | $944K | $1.61M |
| Total Long-Term Assets | $225.49M | $163.67M | $142.85M | $137.54M | $155.18M | $168.03M | $172.74M | $160.87M | $109.69M | $119.17M | $128.46M | $45.11M | $50.6M | $27.07M | $29.16M | $20.29M | $21.35M | $22.05M | $21.76M | $21.33M | $9.33M | $3.13M | $3.73M | $3.53M | $4.15M | $6.8M | $4.9M | $1.88M | $2.63M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $397.7M | $338.73M | $289.19M | $335.08M | $342.27M | $375.2M | $382.54M | $355.22M | $337.62M | $326.65M | $311.82M | $251.55M | $212.62M | $186.51M | $168.92M | $142.94M | $133.49M | $127.95M | $100.68M | $62.65M | $41.51M | $20.25M | $13.38M | $11.13M | $17.45M | $29.31M | $12.3M | $9.1M | $8.38M |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $13.73M | $13.31M | $17.45M | $17.36M | $8.2M | $5.68M | $10.84M | $7.2M | $8.14M | $8.91M | $8.8M | $10.68M | $6.38M | $7.76M | $7.33M | $8.86M | $4.5M | $10.35M | $7.76M | $7.58M | $4.75M | $3.06M | $1.7M | $1.85M | $3.33M | $2.79M | $2M | $1.23M | $1.08M |
| Short-Term Debt | $0 | $2.35M | $0 | $2.26M | $0 | $0 | $2.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $3.17M | $0 | $0 | $3.59M | $159K | $362K | $600K | $6.53M | $3.19M |
| Current Income Tax Payable | $3.08M | $4.4M | $2.65M | $2.44M | $1.1M | $2.62M | $7.41M | $6.91M | $3.67M | $4.59M | $4.82M | $2.11M | $4.09M | $378K | $1.97M | $2.11M | $3.1M | $3.11M | $4.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $71.64M | $67.47M | $69.33M | $64.64M | $54.62M | $43.42M | $30.34M | $34.41M | $33.3M | $36.36M | $22.45M | $17.83M | $15.7M | $8.15M | $8.65M | $6.46M | $7.19M | $5.88M | $5.61M | $2.08M | $1.76M | $620K | $386K | $720K | $870K | $0 | $0 | $2.12M | $0 |
| Other Current Liabilities | $42K | -$2.15M | $10.68M | $5.41M | $7.67M | $2.85M | $6.15M | $9.32M | $7.75M | $5.46M | $6.07M | $4.29M | $3.15M | $3.76M | $3.5M | $3.36M | $0 | $1.43M | $4.01M | $1.52M | $1.55M | $435K | $0 | $76K | $2.27M | $5.05M | $2.3M | $374K | -$466K |
| Total Current Liabilities | $114.57M | $110.28M | $114.83M | $110.81M | $89.08M | $75.3M | $73.81M | $73.48M | $66.15M | $67.96M | $55.69M | $45.41M | $37.49M | $29.95M | $31.17M | $25.77M | $23.25M | $29.97M | $26.48M | $19.26M | $15.85M | $7.07M | $4.44M | $8.29M | $6.63M | $8.2M | $4.9M | $10.31M | $3.8M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $3.67M | $3.76M | $8.4M | $8.44M | $8.44M |
| Long-Term Unearned Revenue | $2.54M | $3.39M | $4.15M | $6.27M | $9.13M | $11.73M | $15.26M | $10.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47K | $277K | $888K | $457K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $988K | $3.68M | $1.07M | $1.2M | $1.29M | $1.91M | $4.62M | $2.66M | $7.75M | $853K | $8.01M | $213K | $688K | $141K | $324K | $180K | $328K | $454K | $611K | $520K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.62M | $1.93M | $3.18M | $5.05M | $12.82M | $16.52M | $15.26M | $14.7M | $25.79M | $6.15M | $76K | $55K | $172K | $97K | $1.63M | $456K | $490K | $1.35M | $1.59M | $658K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.99M |
| Total Long-Term Liabilities | $11.29M | $15.93M | $15.22M | $20.96M | $33.41M | $42.56M | $46.44M | $28.03M | $33.54M | $898K | $8.09M | $268K | $860K | $238K | $1.96M | $683K | $1.09M | $2.69M | $2.66M | $1.18M | $256K | $152K | $0 | $32K | $3.67M | $3.76M | $8.4M | $8.44M | $11.44M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $125.86M | $126.2M | $130.05M | $131.77M | $122.49M | $117.86M | $120.25M | $101.51M | $99.69M | $68.86M | $63.77M | $45.68M | $38.35M | $30.19M | $33.12M | $26.45M | $24.35M | $32.67M | $29.14M | $20.44M | $16.11M | $7.22M | $4.44M | $8.32M | $10.29M | $11.97M | $13.3M | $18.75M | $15.24M |
| Stockholders' Equity | |||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $5.79M | $9.11M | $7.94M | $6.78M | $0 | $0 | $0 |
| Common Stock | $37K | $38K | $38K | $40K | $40K | $40K | $40K | $40K | $40K | $40K | $40K | $40K | $40K | $39K | $38K | $38K | $37K | $37K | $37K | $37K | $36K | $34K | $30K | $28K | $28K | $28K | $0 | $21K | $20K |
| Retained Earnings | $209.82M | $151.26M | $98.94M | $128.74M | $143.17M | $173.73M | $179.44M | $172.38M | $156.15M | $178.55M | $168.04M | $125.89M | $92.4M | $81.26M | $65.66M | $47.52M | $37.49M | $24.86M | $565K | -$20.4M | -$32.98M | -$40.67M | -$43.69M | -$42.61M | -$38.07M | -$26.04M | -$21.9M | -$19.55M | -$15.9M |
| Comprehensive Income & Other | -$6.14M | -$13.92M | -$11.08M | -$14.55M | -$11.18M | -$10.22M | -$13.29M | -$12.99M | -$8.57M | -$8.28M | -$5.79M | -$2.5M | $1.97M | $60K | -$1.62M | $503K | $4.25M | $3.69M | $6.21M | $1.32M | -$1.28M | $340K | -$347K | -$481K | -$449K | -$296K | $100K | $87K | -$170K |
| Other Stockholders' Equity | $61.98M | $61.24M | $60.16M | $74.53M | $76.57M | $83.57M | $82.81M | $81.29M | $81.74M | $79.2M | $79.97M | $79.95M | $81.84M | $75.03M | $70.1M | $68.93M | $71.62M | $70.39M | $70.94M | $62.57M | $58.34M | $53.67M | $52.61M | $45.39M | $45.19M | $43.36M | $20.9M | $9.88M | $9.02M |
| Total Equity | $271.84M | $212.53M | $159.14M | $203.31M | $219.78M | $257.34M | $262.29M | $253.71M | $237.93M | $257.79M | $248.05M | $205.87M | $174.28M | $156.32M | $135.8M | $116.49M | $109.15M | $95.28M | $71.54M | $42.21M | $25.39M | $13.03M | $8.94M | $2.81M | $7.15M | $17.35M | -$1M | -$9.65M | -$6.86M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $397.7M | $338.73M | $289.19M | $335.08M | $342.27M | $375.2M | $382.54M | $355.22M | $337.62M | $326.65M | $311.82M | $251.55M | $212.62M | $186.51M | $168.92M | $142.94M | $133.49M | $127.95M | $100.68M | $62.65M | $41.51M | $20.25M | $13.38M | $11.13M | $17.44M | $29.31M | $12.3M | $9.1M | $8.38M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $6.14M | $9.28M | $6.82M | $10.7M | $10.18M | $12.4M | $13.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $3.17M | $0 | $0 | $3.62M | $3.83M | $4.13M | $9M | $14.96M | $11.63M |
| Net Debt | -$64.36M | -$73.88M | -$35.67M | -$85.8M | -$53.2M | -$76M | -$70.35M | -$76.36M | -$78.66M | -$44.35M | -$78.52M | -$137.38M | -$98.61M | -$106.47M | -$84.5M | -$85.53M | -$67.6M | -$57.71M | -$38.83M | -$12.61M | -$13.79M | -$8.14M | -$4.82M | $1.01M | -$2.52M | -$9.71M | $6.4M | $13.44M | $9.73M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | $72.9M | $57.08M | -$29.8M | -$14.43M | -$30.58M | -$5.46M | $7.86M | $3.85M | -$22.4M | $10.56M | $42.19M | $32.61M | $10.97M | $16.23M | $24.25M | $10.81M | $11.86M | $24.29M | $20.96M | $12.59M | $7.7M | $3.25M | $761K | -$4.54M | -$12.03M | -$4.16M | -$2.2M | -$3.65M | -$5.92M |
| Depreciation & Amortization | $10.07M | $8.36M | $6.48M | $7.07M | $8.93M | $12M | $11.54M | $12.14M | $10.6M | $10.78M | $6.3M | $6.16M | $5.04M | $3.64M | $3.81M | $2.46M | $3.34M | $3.38M | $3M | $1.24M | $1.08M | $734K | $1.06M | $1.35M | $5.58M | $1.42M | $1.1M | $994K | $1.25M |
| Deferred Income Tax | -$29.93M | -$16.16M | $118K | $1.64M | $2.82M | -$1.49M | -$1.62M | -$7.31M | $13.05M | -$4.94M | -$691K | $492K | -$6.12M | $1.06M | -$4.33M | $118K | -$38K | -$612K | $167K | -$632K | -$122K | $46K | -$70K | $83K | $0 | $0 | $0 | $0 | $200K |
| Stock-Based Compensation | $11.2M | $8.96M | $14.25M | $8.64M | $4.35M | $4.74M | $3.37M | $3.97M | $3.47M | $2.77M | $3.83M | $2.4M | $2.59M | $3.73M | $6.12M | $1.02M | -$309K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$4.97M | $1.19M | $997K | -$9.65M | $2.05M | $6.79M | -$3.05M | -$14.7M | -$8.43M | -$8.11M | $2.86M | -$4.66M | -$39K | $4.53M | -$10.31M | $6.7M | -$4.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.65M | $4.08M | -$3.27M | -$2.17M | $2.21M | $6.72M | -$5.39M | -$2.39M | $5.38M | $3.2M | $13.26M | -$8.22M | -$6.49M | -$2.64M | -$5.32M | -$1.7M | $4.36M | -$6.36M | -$2.08M | -$2.17M | -$438K | -$168K | $670K | $666K | -$943K | -$306K | $500K | -$271K | $1.18M |
| Accounts Payable | -$579K | -$3.85M | -$253K | $9.26M | $2.72M | -$5.24M | $3.63M | -$1.48M | -$1.01M | $163K | -$6.64M | $4.53M | -$1.46M | $407K | -$1.57M | $4.46M | -$5.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.96M | -$5.94M | -$2.52M | $4.69M | $4.75M | -$3.28M | $1.83M | $5.33M | $16.78M | $14.02M | $7.84M | $5.45M | $5.57M | -$3.92M | $5.28M | -$2.79M | $4.42M | -$313K | -$141K | -$5.06M | -$821K | -$1M | -$382K | -$422K | $1.04M | $233K | -$1M | -$916K | $840K |
| Total Working Capital Change | -$5.86M | -$4.53M | -$5.05M | $2.13M | $11.72M | $5M | -$2.98M | -$13.23M | $12.72M | $9.27M | $17.31M | -$2.9M | -$2.42M | -$1.63M | -$11.93M | $6.68M | -$2.03M | -$6.67M | -$2.22M | -$7.24M | -$1.26M | -$1.17M | $288K | $244K | $97K | -$73K | -$500K | -$1.19M | $2.02M |
| Other Non-Cash Items | $1.07M | $1.95M | $3.26M | -$10.8M | $13K | $118K | $69K | -$49K | $185K | -$24K | -$158K | $2.86M | -$31K | -$974K | -$1.31M | $0 | $0 | $3.12M | $2.16M | $1.86M | $146K | $16K | $328K | -$50K | $50K | $669K | $0 | $5K | $418K |
| Net Cash from Operating | $59.45M | $55.67M | -$10.73M | -$5.76M | -$2.75M | $14.92M | $18.24M | -$641K | $17.63M | $28.41M | $68.79M | $41.62M | $10.03M | $22.06M | $16.61M | $21.08M | $12.83M | $23.51M | $24.07M | $7.82M | $7.54M | $2.88M | $2.41M | -$2.91M | -$6.31M | -$2.15M | -$1.6M | -$3.84M | -$2.03M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$8.96M | -$9.24M | -$12.48M | -$5M | -$2.2M | -$3.1M | -$7.45M | -$3.69M | -$3.19M | -$2.19M | -$1.45M | -$1.56M | -$1.24M | -$1.66M | -$8.42M | -$1.42M | -$2.17M | -$2.81M | -$1.17M | -$2.91M | -$507K | -$252K | -$124K | -$16K | -$948K | -$3.47M | -$1.5M | -$249K | -$128K |
| Acquisitions | -$14.71M | $0 | -$1.8M | $18.87M | $35K | $0 | $0 | -$53.06M | -$107K | -$144K | -$74.49M | -$112K | -$19.5M | $0 | -$1.3M | $0 | $0 | $0 | $0 | -$7.36M | -$3.99M | $0 | -$7K | -$23K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$15.81M | -$59.92M | -$34.06M | -$33.84M | -$22.82M | -$178.66M | -$184.69M | -$109.75M | -$94.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $2.33M | $48.55M | $51.15M | $32.63M | $31.4M | $80M | $195M | $134.78M | $129.72M | $29.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $343K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$11.92M | -$60K | -$59K | -$29K | -$35K | -$133K | $0 | -$236K | -$242K | -$4.25M | $3K | -$1.18M | $267K | $117K | -$5.83M | -$355K | -$559K | -$256K | -$164K | $386K | -$309K | $158K | $259K | -$51K | $141K | $2K | $0 | $0 | $0 |
| Net Cash from Investing | -$35.58M | -$9.3M | -$12.01M | $46.59M | -$10.98M | -$4.66M | -$9.89M | $430K | $12.8M | -$56.5M | -$55.96M | -$67.8M | -$20.47M | -$1.55M | -$15.54M | -$1.77M | -$2.73M | -$3.07M | -$1.33M | -$9.88M | -$4.46M | -$94K | $128K | -$90K | -$807K | -$3.47M | -$1.5M | -$249K | -$128K |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | $5.92M | - | - | - | - | - | - | - | - | - | - | - | $3.59M | $237K | $299K | - | $6.1M | -$3.26M | -$2.65M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $354K | $2.25M | $772K | $3.46M | $236K | $63K | $0 | $33K | $17.28M | $10.8M | $116K | $42K |
| Common Stock Repurchases | -$13.14M | -$3K | -$29.16M | -$5.72M | -$7.47M | -$5.03M | $0 | -$970K | -$640K | -$1.05M | -$837K | -$123K | -$998K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4M | $0 | $0 | $0 | -$800K | $0 | -$304K |
| Dividends Paid | -$18.46M | -$4.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$6.82M | -$476K | -$2.94M | -$1.59M | -$2.92M | -$2.03M | -$569K | -$970K | -$640K | -$1.05M | -$519K | $181K | $2.43M | $441K | $153K | $3K | $119K | $0 | $0 | $0 | $0 | $0 | $7.26M | $0 | $0 | $0 | $100K | $0 | -$82K |
| Net Cash from Financing | -$38.42M | -$5.24M | -$32.09M | -$7.31M | -$10.39M | -$7.06M | -$569K | -$694K | -$640K | -$1.05M | -$6.44M | $181K | $2.43M | $441K | $153K | $3K | $119K | $354K | $97K | -$247K | $6.61M | $54K | -$267K | -$237K | -$266K | $17.28M | $4M | $3.45M | $2.3M |
| Forex Effect | $1.72M | -$1.32M | $997K | -$372K | -$895K | $914K | -$208K | -$1.39M | -$469K | -$45K | -$311K | -$165K | $145K | $1.01M | -$2.25M | -$1.38M | -$332K | -$1.91M | $1.23M | $117K | -$876K | $484K | -$69K | -$489K | -$105K | -$404K | $0 | $257K | -$65K |
| Net Change in Cash | -$12.83M | $39.8M | -$53.84M | $33.15M | -$25.01M | $4.11M | $7.57M | -$2.3M | $29.32M | -$29.18M | $6.08M | -$26.17M | -$7.86M | $21.97M | -$1.04M | $17.93M | $9.89M | $18.88M | $24.07M | -$2.19M | $8.82M | $3.32M | $2.2M | -$3.73M | -$7.49M | $11.26M | $900K | -$375K | $84K |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $59.45M | $55.67M | -$10.73M | -$5.76M | -$2.75M | $14.92M | $18.24M | -$641K | $17.63M | $28.41M | $68.79M | $41.62M | $10.03M | $22.06M | $16.61M | $21.08M | $12.83M | $23.51M | $24.07M | $7.82M | $7.54M | $2.88M | $2.41M | -$2.91M | -$6.31M | -$2.15M | -$1.6M | -$3.84M | -$2.03M |
| Capital Expenditure | -$8.96M | -$9.24M | -$12.54M | -$5.03M | -$2.2M | -$3.1M | -$7.45M | -$3.69M | -$3.19M | -$2.19M | -$1.45M | -$1.56M | -$1.24M | -$1.66M | -$8.42M | -$1.42M | -$2.17M | -$2.81M | -$1.17M | -$2.91M | -$507K | -$252K | -$124K | -$16K | -$948K | -$3.47M | -$1.5M | -$249K | -$128K |
| Free Cash Flow | $50.49M | $46.42M | -$23.28M | -$10.78M | -$4.95M | $11.82M | $10.79M | -$4.33M | $14.43M | $26.23M | $67.34M | $40.05M | $8.79M | $20.4M | $8.19M | $19.67M | $10.66M | $20.69M | $22.91M | $4.91M | $7.04M | $2.63M | $2.28M | -$2.93M | -$7.26M | -$5.62M | -$3.1M | -$4.08M | -$2.16M |
| Cash at Beginning | $83.33M | $43.53M | $97.38M | $64.23M | $89.24M | $85.13M | $77.56M | $78.66M | $49.34M | $78.52M | $72.44M | $98.61M | $106.47M | $84.5M | $85.53M | $67.6M | $57.71M | $38.83M | $14.77M | $16.96M | $8.14M | $4.82M | $2.62M | $6.34M | $13.83M | $2.58M | $1.7M | $1.9M | $1.81M |
| Cash at End | $70.5M | $83.33M | $43.53M | $97.38M | $64.23M | $89.24M | $85.13M | $76.36M | $78.66M | $49.34M | $78.52M | $72.44M | $98.61M | $106.47M | $84.5M | $85.53M | $67.6M | $57.71M | $38.83M | $14.77M | $16.96M | $8.14M | $4.82M | $2.62M | $6.34M | $13.83M | $2.6M | $1.52M | $1.9M |