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OneSpan vs SmartRent: OSPN and SMRT compared
OneSpan is the larger company: $63.9M of revenue in its latest quarter (Q3 2026) against $41.6M for SmartRent (Q3 2026). SmartRent is growing faster (+15% against +12% a year earlier). OneSpan is more profitable, with an operating margin of 14.5% against -11.6%.
Where the money goes: OSPN and SMRT
OneSpan (OSPN) · Q3 2026
OneSpan, Q3 2026: revenue $63.9M (+12% year over year), operating margin 14.5%, net earnings $7.8M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
SmartRent (SMRT) · Q3 2026
SmartRent, Q3 2026: revenue $41.6M (+15% year over year), operating margin -11.6%, net loss $3.9M, operating cash flow $2.9M. The chart follows the revenue to costs, profit and cash.
| OneSpan (OSPN) | SmartRent (SMRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $63.9M | $41.6M |
| Revenue growth, Y/Y | +12% | +15% |
| Gross margin | 76.3% | — |
| Operating margin | 14.5% | -11.6% |
| Net earnings | $7.8M | −$3.9M |
| Net margin | 12.2% | -9.4% |
| Operating cash flow | $16.5M | $2.9M |
| Free cash flow | $13.3M | $2.6M |
| Market value | $711M | — |
| P/E | 10.1× | — |
| Analysts’ mean target | $23.50 | — |
Where the revenue comes from
OneSpan
- Subscription: $51.5M (81%)
- Hardware products: $10.5M (16%)
- Perpetual maintenance and services: $1.9M (3%)
SmartRent
- Smart Apartments: $33.5M (81%)
- Access Control: $4.7M (11%)
- Smart Operations Solutions: $2.2M (5%)
- Other Smart Communities Solutions: $1.2M (3%)
Questions
Which is bigger, OneSpan or SmartRent?
OneSpan is the larger company: $63.9M of revenue in its latest quarter (Q3 2026) against $41.6M for SmartRent (Q3 2026).
Is OneSpan or SmartRent growing faster?
SmartRent is growing faster (+15% against +12% a year earlier).
Which is more profitable, OneSpan or SmartRent?
OneSpan is more profitable, with an operating margin of 14.5% against -11.6%.
More: OneSpan earnings · how OneSpan makes money · SmartRent earnings · how SmartRent makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.