OneSpan Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
OSPN$21.92-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $70,499 | $83,160 |
| Accounts receivable, net of allowances of $1,227 in 2025 and $1,600 in 2024 | 55,999 | 56,229 |
| Inventories, net | 10,466 | 10,792 |
| Prepaid expenses | 7,044 | 6,547 |
| Contract assets | 18,269 | 8,687 |
| Other current assets | 9,936 | 9,479 |
| Total current assets | 172,213 | 174,894 |
| Property and equipment, net | 22,234 | 20,966 |
| Operating lease right-of-use assets | 7,356 | 7,725 |
| Goodwill | 103,840 | 92,365 |
| Intangible assets, net of accumulated amortization | 9,741 | 7,481 |
| Deferred tax asset | 54,733 | 20,516 |
| Equity investment | 11,834 | — |
| Other assets | 15,751 | 14,787 |
| Total assets | $397,702 | $338,734 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $13,726 | $13,310 |
| Deferred revenue | 71,641 | 67,465 |
| Accrued wages and payroll taxes | 13,553 | 13,793 |
| Short-term income taxes payable | 3,079 | 4,403 |
| Dividend payable | 671 | 4,765 |
| Other accrued expenses | 11,859 | 6,339 |
| Deferred compensation | 42 | 200 |
| Total current liabilities | 114,571 | 110,275 |
| Long-term deferred revenue | 2,539 | 3,390 |
| Long-term lease liabilities | 6,139 | 6,932 |
| Deferred tax liability | 988 | 3,680 |
| Other long-term liabilities | 1,622 | 1,927 |
| Total liabilities | 125,859 | 126,204 |
| Commitments and contingencies | ||
| Stockholders' equity | ||
| Preferred stock: 500 shares authorized, none issued and outstanding at December 31, 2025 and 2024 | — | — |
| Common stock: $0.001 par value per share, 75,000 shares authorized; 42,091 and 41,782 shares issued; 37,361 and 38,058 shares outstanding at December 31, 2025 and 2024 | 37 | 38 |
| Additional paid-in capital | 128,651 | 122,534 |
| Treasury stock, at cost, 4,730 and 3,724 shares outstanding at December 31, 2025 and 2024 | (60,521) | (47,380) |
| Retained earnings | 209,821 | 151,256 |
| Accumulated other comprehensive loss | (6,145) | (13,918) |
| Total stockholders' equity | 271,843 | 212,530 |
| Total liabilities and stockholders' equity | $397,702 | $338,734 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.