Flagship explainer

How OneSpan Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$243M · 100%Cost of revenue$63.8M · 26%Gross profit$179M · 74%Operating income$48.4M · 20%Income before tax$49.4M · 20%Income tax−$23.5M · −10%Net income$72.9M · 30%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$243M100%
Cost of revenue$63.8M26%
$179M74%
$48.4M20%
Income before tax$49.4M20%
Income tax−$23.5M−10%
$72.9M30%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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