OSPN (OSPN) financial statements
OSPN reported revenue of $243M in fiscal 2025, up 2.6% a year over 9 years.
Net income was $73M and the operating margin 19.9%, against 5.0% in 2016.
Free cash flow was $50M, and the company returned $18M in dividends and $13M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OSPN's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192M | $193M | $211M | $253M | $216M | $214M | $219M | $235M | $243M | $243M |
| Cost of revenue | $62M | $59M | $65M | $86M | $68M | $72M | $70M | $77M | $69M | $64M |
| Gross profit | $131M | $135M | $147M | $168M | $148M | $143M | $149M | $158M | $175M | $179M |
| Research and development | $23M | $23M | $32M | $42M | $41M | $47M | $42M | $38M | $32M | $34M |
| Selling, general and admin | $89M | $96M | $105M | $102M | $103M | $116M | $117M | $129M | $91M | $93M |
| Operating income | $10M | $6M | -$920,000 | $14M | -$5M | -$26M | -$27M | -$29M | $45M | $48M |
| Pre-tax income | $11M | $8M | $3M | $14M | -$3M | -$26M | -$12M | -$27M | $46M | $49M |
| Income tax | $863,000 | $31M | -$435,000 | $7M | $2M | $4M | $3M | $2M | -$11M | -$24M |
| Net income | $11M | -$22M | $3M | $8M | -$5M | -$31M | -$14M | -$30M | $57M | $73M |
| EPS (diluted) | $0.27 | -$0.56 | $0.08 | $0.20 | -$0.14 | -$0.77 | -$0.36 | -$0.74 | $1.46 | $1.88 |
| Diluted shares | 40M | 40M | 40M | 40M | 40M | 40M | 40M | 40M | 39M | 39M |
| Gross margin | 67.9% | 69.6% | 69.3% | 66.2% | 68.6% | 66.6% | 67.8% | 67.1% | 71.8% | 73.8% |
| Operating margin | 5.0% | 3.2% | -0.4% | 5.6% | -2.4% | -12.2% | -12.4% | -12.3% | 18.4% | 19.9% |
| Net margin | 5.5% | -11.6% | 1.4% | 3.1% | -2.5% | -14.3% | -6.6% | -12.7% | 23.5% | 30.0% |
Balance sheet
Fiscal years, from OSPN's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $144M | $79M | $77M | $84M | $88M | $63M | $96M | $43M | $83M | $70M |
| Receivables | $37M | $48M | $60M | $62M | $58M | $57M | $65M | $64M | $56M | $56M |
| Inventory | $17M | $12M | $14M | $20M | $13M | $10M | $12M | $16M | $11M | $10M |
| Total current assets | $207M | $228M | $192M | $210M | $207M | $187M | $198M | $146M | $175M | $172M |
| Property, plant and equipment | $3M | $5M | $6M | $11M | $12M | $11M | $13M | $19M | $21M | $22M |
| Goodwill | $54M | $56M | $92M | $95M | $98M | $96M | $91M | $94M | $92M | $104M |
| Total assets | $327M | $338M | $353M | $383M | $375M | $342M | $335M | $289M | $339M | $398M |
| Total current liabilities | $68M | $66M | $72M | $74M | $75M | $89M | $111M | $115M | $110M | $115M |
| Total liabilities | $74M | $100M | $100M | $120M | $118M | $122M | $132M | $130M | $126M | $126M |
| Shareholders' equity | $253M | $238M | $252M | $262M | $257M | $220M | $203M | $159M | $213M | $272M |
| Net debt | -$49M | -$79M | -$77M | -$84M | -$88M | -$63M | -$96M | -$43M | -$83M | -$70M |
Cash flow
Fiscal years, from OSPN's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $28M | $18M | $1M | $18M | $15M | -$3M | -$6M | -$11M | $56M | $59M |
| Capital spending | $2M | $3M | $4M | $7M | $3M | $2M | $5M | $12M | $9M | $9M |
| Free cash flow | $26M | $15M | -$2M | $11M | $12M | -$5M | -$11M | -$23M | $46M | $50M |
| Stock-based compensation | $3M | $3M | $4M | $3M | $5M | $4M | $9M | $14M | $9M | $11M |
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $18M |
| Share buybacks (net) | — | — | — | — | -$5M | -$7M | -$6M | -$29M | -$3,000 | -$13M |
| Net borrowing | $0 | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 13.7% | 7.5% | -1.2% | 4.3% | 5.5% | -2.3% | -4.9% | -9.9% | 19.1% | 20.8% |
| Dividends per share | — | — | — | — | — | — | — | — | — | $0.47 |
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Open OSPN in InvestinglyQuestions
What was OSPN's revenue in 2025?
$243M in fiscal 2025, from its 10-K filing.
How much free cash flow does OSPN generate?
$50M in fiscal 2025 (operating cash flow minus capital spending).
From OSPN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.