Compare
Merlin, Inc. vs Stem, Inc. vs SmartRent, Inc. vs OneSpan Inc.
| Latest fiscal year | Merlin, Inc. MRLN | Stem, Inc. STEM | SmartRent, Inc. SMRT | OneSpan Inc. OSPN |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 | 2025-12-31 |
| Revenue | n/a | $156.27M | $152.33M | $243.18M |
| Revenue growth (YoY) | n/a | +8.1% | -12.9% | 0.0% |
| Gross margin | n/a | 38.4% | 32.7% (computed) | 73.8% |
| Operating margin | n/a | -35.6% | -42.0% | 19.9% |
| Net margin | n/a | 88.2% | -39.8% | 30.0% |
| Net income | $6.01M | $137.76M | -$60.56M | $72.90M |
| EPS (Diluted) | n/a | -$9.18 | -$0.32 | $1.88 |
| Operating cash flow | -$1.33M | $6.86M | -$21.57M | $59.45M |
| Free cash flow | n/a | n/a | -$25.13M | $50.49M |
| Cash & equivalents | n/a | $48.91M | $104.55M | $70.50M |
| Total assets | $263.15M | $308.89M | $320.93M | $397.70M |
| Total liabilities | $12.08M | $557.95M | $88.79M | $125.86M |
| Shareholders' equity | -$11.17M | -$249.44M | $232.14M | $271.84M |
| Return on year-end equity | n/a | n/a | -26.1% | 26.8% |
| Shares outstanding | n/a | 8.49M | 189.68M | 37.36M |
Revenue, most recent five fiscal years
| Fiscal year | Merlin, Inc. | Stem, Inc. | SmartRent, Inc. | OneSpan Inc. |
|---|---|---|---|---|
| Latest | n/a | $156.27M Ended 2025-12-31 | $152.33M Ended 2025-12-31 | $243.18M Ended 2025-12-31 |
| 1 year earlier | n/a | $144.58M Ended 2024-12-31 | $174.88M Ended 2024-12-31 | $243.18M Ended 2024-12-31 |
| 2 years earlier | n/a | $461.51M Ended 2023-12-31 | $236.84M Ended 2023-12-31 | $235.11M Ended 2023-12-31 |
| 3 years earlier | n/a | $362.98M Ended 2022-12-31 | $167.82M Ended 2022-12-31 | $219.01M Ended 2022-12-31 |
| 4 years earlier | n/a | $127.37M Ended 2021-12-31 | $110.64M Ended 2021-12-31 | $214.48M Ended 2021-12-31 |