← OneSpan Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $10.5m ($22.4m) $3.8m $8.8m ($5.5m) ($30.6m) ($14.4m) ($29.8m) $57.1m $72.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — ($22.4m) $3.8m $8.8m ($5.5m) ($30.6m) ($14.4m) ($29.8m) $57.1m $72.9m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $10.6m — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($47k) — — — — — — — — —
Depreciation, Depletion and Amortization $10.8m $10.6m $12.1m $11.5m $12.0m $8.9m $7.1m $6.5m $8.4m $10.1m
Amortization — — — — — — — $2.8m $2.6m $2.8m
Amortization of Intangible Assets $8.8m $8.8m $9.4m $9.5m $9.1m $5.9m $4.1m $2.4m $2.4m $2.5m
Depreciation $1.9m — $2.3m $2.1m $2.9m $3.0m $2.9m $3.7m $5.8m $7.3m
Deferred Income Tax Expense (Benefit) ($5.0m) $13.1m ($7.4m) ($1.6m) ($1.5m) $2.0m $922k ($43k) ($16.3m) ($30.4m)
Share-based Payment Arrangement, Noncash Expense $2.8m $3.5m $4.0m $3.4m $4.7m $4.4m $8.6m $14.3m $9.0m $11.2m
Payment, Tax Withholding, Share-based Payment Arrangement $1.1m $640k $970k $569k $2.0m $2.9m $1.6m $2.9m $5.0m $5.1m
Share-based Payment Arrangement, Expense $4.9m $5.4m $6.1m $5.3m $6.0m $5.2m $8.8m $14.6m $9.2m $11.3m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — — — $0
Goodwill and Intangible Asset Impairment — — $0 $0 $0 $0 $0 $0 — —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — $0 — — —
Impairment of Intangible Assets, Finite-lived — — $500k — $500k — — — $804k $0
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — — $14.8m — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($14k) ($185k) $49k ($69k) ($118k) ($13k) ($3.8m) $2.7m $1.1m $709k
Gain (Loss) on Disposition of Assets — — — — — — — ($455k) — ($55k)
Income (Loss) from Equity Method Investments — — — — — — — $0 $0 —
Income Tax Expense (Benefit) $863k $30.8m ($293k) $6.7m $2.0m $4.4m $2.7m $2.5m ($10.6m) ($23.5m)
Other Nonoperating Income (Expense) $1.0m $758k — ($527k) $1.4m ($14k) $14.8m ($532k) ($125k) ($1.1m)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $8.1m $8.4m $12.0m $3.4m ($6.8m) ($2.0m) $9.7m ($1.6m) ($6.9m) ($3.6m)
Increase (Decrease) in Inventories ($3.2m) ($5.4m) $2.4m $5.4m ($6.7m) ($2.2m) $2.2m $3.3m ($4.1m) ($1.6m)
Increase (Decrease) in Accounts Payable $163k ($1.0m) ($1.5m) $3.6m ($5.2m) $2.7m $9.3m ($253k) ($3.9m) ($579k)
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — — — — $208k $309k
Proceeds from Stock Options Exercised $0 — — — — — — — — —
Purchases of property and equipment, accrued but unpaid $2.0m $3.1m $3.7m $7.5m $3.1m $2.2m $5.0m $12.5m $9.2m $9.0m
Foreign Currency Transaction Gain (Loss), before Tax $111k $464k $200k $1.5m — — — ($1.1m) ($900k) ($1.6m)
General and Administrative Expense $31.6m $37.4m $41.6m $43.9m $46.3m $53.0m $55.6m $58.3m $46.0m $45.7m
Goodwill — $56.3m $91.8m $94.6m $97.6m $96.2m $90.5m $93.7m $92.4m $103.8m
Inventory Write-down — — — — — — — $143k $0 $0
Operating Expenses $121.1m $128.3m $147.4m $157.3m $157.5m $169.1m $175.7m $186.6m $129.8m $130.9m
Payments of Financing Costs — — — — — — — — — $1.7m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — ($16k) $517k $286k — —
Revenue from Contract with Customer, Including Assessed Tax — — $212.3m $254.6m $215.7m $214.5m $219.0m $235.1m — —
Unrealized Gain (Loss) on Investments — — — — — $0 — — — —
Net Cash Provided by (Used in) Operating Activities $28.4m $17.6m $1.2m $18.2m $14.9m ($2.7m) ($5.8m) ($10.7m) $55.7m $59.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.0m $3.1m $3.7m $7.5m $3.1m $2.2m $5.0m $12.5m $9.2m $9.0m
Payments to Acquire Businesses, Net of Cash Acquired — — $53.1m — — — — $1.8m $0 $14.7m
Payments for (Proceeds from) Other Investing Activities $4.4m $349k $236k — $133k — ($18.9m) $0 $0 —
Net Cash Provided by (Used in) Investing Activities ($56.5m) $12.8m $194k ($9.9m) ($4.7m) ($11.0m) $46.6m ($12.0m) ($9.3m) ($35.6m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock — — — — $5.0m $7.5m $5.7m $29.2m $3k $13.1m
Payments of Ordinary Dividends, Common Stock — — — — — — — — — $18.5m
Dividends Payable, Current — — — — — — — — $4.8m $671k
Net Cash Provided by (Used in) Financing Activities ($1.1m) ($640k) ($970k) ($569k) ($7.1m) ($10.4m) ($7.3m) ($32.1m) ($5.2m) ($38.4m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($45k) ($469k) ($1.6m) ($208k) $914k ($895k) ($372k) $997k ($1.3m) $1.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($45k) ($469k) ($1.6m) $7.6m $4.1m ($25.0m) $33.1m ($53.8m) $39.8m ($12.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $49.3m $78.7m $77.6m $85.1m $89.2m $64.2m $97.3m $43.5m $83.3m $70.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $0 — — — — $0 $0 — —
Income Taxes Paid, Net $6.0m $6.4m $10.9m $7.8m $9.4m $7.7m $2.0m $5.0m $2.3m $9.6m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.