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OneSpan Inc.

NASDAQ•OSPN
CEO: Mr. Jorge A. Garcia Martell
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 1998-05-21
OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services. It also provides Mobile Security Suite, a software development kit that protect mobile transactions; Digipass Authenticators, consisting of a wide variety of authentication devices; authentication servers that provides a range of strong authentication utilities and solutions designed to allow organizations to securely authenticate users and transactions; and Digipass FX1 BIO, a physical passkey with fingerprint scan built for the workforce authentication market. In addition, it offers Virtual Room, a purpose-built, high-assurance solution that blends the simplicity of a consumer video collaboration app with high-assurance identity and authentication security; OneSpan Notary, an online notary solution developed for organizations with in-house notaries; and OneSpan Trust Vault, a blockchain-based decentralized digital storage solution that helps organizations meet compliance, regulatory, and chain of custody requirements for critical documents. It sells its solutions through its direct sales force, as well as through distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in May 2018. OneSpan Inc. was founded in 1991 and is headquartered in Boston, Massachusetts.
Contact Information
1 Marina Park Drive, Unit 1410, Boston, MA, 02210, United States
312-766-4001
www.onespan.com
Market Cap
$403.09M
P/E (TTM)
5.5
44
Dividend Yield
4.6%
52W High
$18.13
52W Low
$10.07
52W Range
7%
Rank47Top 61.9%
3.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$62.92M+0.00%
4-Quarter Trend

EPS

$1.15+0.00%
4-Quarter Trend

FCF

$9.63M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Strong Improvement Net Income $72.90M in 2025, showing strong improvement from $57.08M reported in 2024.
Gross Margin Expansion Achieved Total gross margin reached 74% in 2025, improving 2 percentage points from 72% reported in 2024.
Strategic Acquisitions Advance Secured Nok Nok Labs acquisition in June 2025; announced Build38 acquisition agreement in December 2025.
Shareholder Returns Executed Returned approximately $31.6M to shareholders in 2025 via quarterly dividends and share repurchases program.

Risk Factors

Hardware Revenue Continues Decline Digipass device revenue dropped to 20% of total revenue in 2025, pressuring overall revenue growth targets.
Acquisition Integration Execution Planned Build38 acquisition may not realize intended benefits or could disrupt current operations and focus.
Highly Competitive Market Highly competitive software markets may negatively affect ability to add new customers and retain existing customer base.
Supply Chain Vulnerability Complex global supply chain for Digipass components remains vulnerable to disruptions and potential cost increases.

Outlook

Focus on Software Growth Driving revenue growth via Cybersecurity software expansion and continued growth in the Digital Agreements division.
New Credit Facility Secured Secured $100.0M revolving credit facility in June 2025, providing liquidity until maturity on June 23, 2030.
Executive Leadership Hires Hired new CTO (Dec 2024) and CRO (Dec 2025) to lead research and go-to-market efforts effectively.
Future Revenue Compensation Software revenue growth must compensate for anticipated modest year-over-year decline in Digipass hardware revenue in 2026.

Peer Comparison

Revenue (TTM)

BKKT stock ticker logoBKKT
$2.35B
-32.5%
CINT stock ticker logoCINT
$1.04B
+129.6%
DAVA stock ticker logoDAVA
$979.08M
-2.4%

Gross Margin (Latest Quarter)

CCSI stock ticker logoCCSI
80.0%
+0.2pp
CGNT stock ticker logoCGNT
74.1%
+3.0pp
BLZE stock ticker logoBLZE
62.0%
+7.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DJCO$728.40M7.825.6%4.0%
CINT$596.43M7.512.5%23.4%
CGNT$592.34M-933.0-0.3%8.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
44.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026
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No Data