OneSpan Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	58.15	57.08	-29.8	-14.43	-30.58	-5.46
Depreciation & Amortization	9.43	8.36	6.48	7.07	8.93	12
Loss (Gain) From Sale of Assets	0.03	-	-	-	-	-
Asset Writedown & Restructuring Costs	0.74	1.89	3.18	3.83	-	-
Loss (Gain) From Sale of Investments	-	-	-	-14.81	-	-
Stock-Based Compensation	12.45	8.96	14.25	8.64	4.35	4.74
Provision & Write-off of Bad Debts	-0.12	0.06	-0.07	0.18	-2.71	1.61
Other Operating Activities	-18.86	-16.16	0.26	1.64	2.82	-1.49
Change in Accounts Receivable	-7.34	1.19	1	-9.65	5.83	4.99
Change in Inventory	2.35	4.08	-3.28	-2.17	2.21	6.73
Change in Accounts Payable	-3.59	-3.85	-0.25	9.26	2.72	-5.24
Change in Unearned Revenue	-1.51	-1.65	2.02	8.17	9.71	8.34
Change in Income Taxes	6.03	1.78	-2.37	-1.14	-2.53	-5.64
Change in Other Net Operating Assets	1.57	-6.07	-2.16	-2.35	-3.51	-5.67
Operating Cash Flow	59.31	55.67	-10.74	-5.76	-2.75	14.92
Operating Cash Flow Growth	27.98%	-	-	-	-	-18.21%
Capital Expenditures	-7.99	-9.25	-12.48	-5	-2.17	-3.1
Cash Acquisitions	-13.94	-	-1.8	-	-	-
Sale (Purchase) of Intangibles	-0.06	-0.06	-0.06	-0.03	-0.04	-0.13
Investment in Securities	-	-	2.33	51.61	-8.78	-1.43
Investing Cash Flow	-21.99	-9.31	-12.01	46.59	-10.98	-4.66
Repurchase of Common Stock	-13.12	-5.04	-32.09	-7.31	-10.39	-7.06
Other Financing Activities	-1.74	-0.2	-	-	-	-
Financing Cash Flow	-28.74	-5.24	-32.09	-7.31	-10.39	-7.06
Foreign Exchange Rate Adjustments	-0.86	-1.32	1	-0.37	-0.9	0.91
Net Cash Flow	7.73	39.8	-53.85	33.15	-25.01	4.11
Free Cash Flow	51.32	46.42	-23.22	-10.76	-4.91	11.82
Free Cash Flow Growth	44.07%	-	-	-	-	9.54%
Free Cash Flow Margin	21.26%	19.09%	-9.88%	-4.91%	-2.29%	5.48%
Free Cash Flow Per Share	1.31	1.19	-0.58	-0.27	-0.12	0.29
Cash Income Tax Paid	5.8	2.3	4.99	2.03	7.7	9.44
Levered Free Cash Flow	46.8	46.57	2.07	12.89	13.07	20.84
Unlevered Free Cash Flow	46.8	46.57	2.07	12.89	13.07	20.84
Change in Working Capital	-2.51	-4.53	-5.05	2.13	14.44	3.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.