Filing Flows

Filing Flows › Companies › OneSpan › Cash flow

OneSpan cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$13.3M in Q3 2026 · $44.7M over twelve months

Operating cash flow$16.5M
Capital spending−$3.2M
Free cash flow+$13.3M
Cash / net income2.1×
Cash conversion cycle53 days

Analysis

In Q3 2026, OneSpan generated $16.5M of operating cash flow and spent $3.2M on capital projects, leaving free cash flow of $13.3M. That is $4.5M more than in Q3 2025 ($8.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $57.1M; the largest uses were acquisitions ($35.3M), dividends ($19.3M), buybacks ($15.1M); besides operations, cash came from other financing ($5.0M); the cash balance fell by $34.2M.

Operating cash flow was $16.5M against net income of $7.8M — 2.1× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$11.2M, stock-based pay +$5.5M, payables −$4.4M.

Its cash conversion cycle was 53 days (receivables 59 + inventory 63 − payables 69).

Free cash flow

OneSpan: free cash flow by quarterOneSpan: free cash flow by quarter$10.5MQ4 2024$27.7MQ1 2025$4.4MQ2 2025$8.8MQ3 2025$9.6MQ4 2025$25.1MQ1 2026−$3.3MQ2 2026$13.3MQ3 2026
Operating cash flow less capital spending.
OneSpan: operating cash flow against capital spendingOneSpan: operating cash flow against capital spendingOperating cash flowCapital spending$12.4M$2.0MQ4 2024$29.4M$1.6MQ1 2025$6.2M$1.9MQ2 2025$11.3M$2.5MQ3 2025$12.6M$2.9MQ4 2025$28.2M$3.1MQ1 2026−$103K$3.2MQ2 2026$16.5M$3.2MQ3 2026
Latest (Q3 2026): Operating cash flow $16.5M, Capital spending $3.2M.

Capital allocation, year by year

OneSpan: where the cash came from (up) and went (down), by fiscal yearOneSpan: where the cash came from (up) and went (down), by fiscal yearOperating cash flowCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow −$2.7MFY2021: Capital spending −$2.2MFY2021: Buybacks −$7.5MFY2021FY2022: Operating cash flow −$5.8MFY2022: Capital spending −$5.0MFY2022: Buybacks −$5.7MFY2022FY2023: Operating cash flow −$10.7MFY2023: Capital spending −$12.5MFY2023: Acquisitions −$1.8MFY2023: Buybacks −$29.2MFY2023FY2024: Operating cash flow $55.7MFY2024: Capital spending −$9.2MFY2024: Buybacks −$3K$55.7MFY2024FY2025: Operating cash flow $59.5MFY2025: Capital spending −$9.0MFY2025: Acquisitions −$14.7MFY2025: Buybacks −$13.1MFY2025: Dividends −$18.5M$59.5MFY2025
Over these 5 years operating cash flow totalled $95.9M; the largest uses were buybacks ($55.5M) and capital spending ($37.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$51.4M
Debtnone
Net cash$51.4M

OneSpan funds itself: free cash flow was $44.7M over the last twelve months, with $51.4M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

OneSpan: sources (+) and uses (−) of cash, Q3 2026OneSpan: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$16.5MCash drawn (+) / kept (−)−$8.1MDividends−$4.8MCapital spending−$3.2MTaxes on employees’ shares−$364KExchange rates$55KOther investing−$54KAcquisitions$1K
OneSpan: sources (+) and uses (−) of cash, TTM to Q3 2026OneSpan: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$57.1MAcquisitions−$35.3MCash drawn (+) / kept (−)$34.2MDividends−$19.3MBuybacks−$15.1MCapital spending−$12.5MOther investing−$12.0MOther financing$5.0MTaxes on employees’ shares−$2.3MExchange rates$215K

From profit to cash

OneSpan: net income to operating cash flow, Q3 2026OneSpan: net income to operating cash flow, Q3 2026Net income$7.8MDepreciation & amortization$3.4MStock-based pay$5.5MDeferred taxes$182KGains on disposals$8KReceivables−$1.8MInventory−$1.7MPayables−$4.4MAccrued liabilities$11.2MDeferred revenue−$3.9MContract assets−$563KIncome taxes payable$1.1MOther operating capital−$630KOperating cash flow$16.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202659636953
Q2 202655536345
Q1 202661516447
Q4 202561606754
Q3 202550698040
Q2 202549647934
Q1 202561607051
Q4 202464697756

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$16.5M−$3.2M$1K—−$4.8M−$8.1M$13.3M
Q2 2026−$103K−$3.2M—−$2.9M−$4.8M$6.4M−$3.3M
Q1 2026$28.2M−$3.1M−$34.6M−$5.4M−$5.0M$20.7M$25.1M
Q4 2025$12.6M−$2.9M−$762K−$6.8M−$4.6M$15.1M$9.6M
Q3 2025$11.3M−$2.5M−$1.9M−$6.3M−$4.7M$7.3M$8.8M
Q2 2025$6.2M−$1.9M−$12.1M—−$4.6M$12.5M$4.4M
Q1 2025$29.4M−$1.6M——−$4.6M−$22.1M$27.7M
Q4 2024$12.4M−$2.0M—−$3K—−$5.5M$10.5M

OneSpan: income statement and cash flow

OneSpan, Q3 2026: revenue $63.9M (+12% year over year), operating margin 14.5%. The chart follows the revenue to costs, profit and cash.

OneSpan: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.