OneSpan Inc
NASDAQ:OSPN

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OneSpan Inc
NASDAQ:OSPN
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Price: 12.22 USD -0.89% Market Closed
Market Cap: 464.7m USD

OneSpan Inc
Investor Relations

OneSpan, Inc. engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The company is headquartered in Chicago, Illinois and currently employs 879 full-time employees. The firm provides digital identity and anti-fraud solutions to financial institutions and other businesses. Its secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to integrate security functions into their Web-based and mobile applications and facilitate end-to-end financial agreement automation, including digital identity verification and electronic signature. Its products include OneSpan Sign, OneSpan Sign Virtual Room, OneSpan Cloud Authentication, Mobile Security Suite, OneSpan Identity Verification, Intelligent Adaptive Authentication, Mobile Authenticator Studio and Mobile App Shielding. The company offers technologies across multi-factor authentication, document signing, and in mitigating hacking attacks.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Revenue Guidance Lowered: OneSpan cut its full-year 2025 revenue outlook to $239–241 million, down from a prior $245–251 million range, citing greater hardware headwinds and slower net expansion activity.

ARR Guidance Also Cut: Annual recurring revenue (ARR) guidance was reduced to $183–187 million, from a previous $186–192 million, mainly due to lower expansion in security and ongoing hardware decline.

Profitability & Cash Flow: The company delivered $17.5 million in adjusted EBITDA (31% margin) and $11 million in operating cash flow this quarter, maintaining strong profitability.

Software Growth: Software now accounts for over 80% of the business, with double-digit subscription and ARR growth; hardware continues its secular decline, now below 20% of total revenue.

Strategic Moves: The Nok Nok acquisition and ThreatFabric investment are expected to drive future growth, especially around FIDO2 authentication products, with more impact in 2026.

Margins Stable: Gross margin remained strong at 74%, in line with the prior year.

Shareholder Returns: Over $20 million in capital returned year-to-date via buybacks and dividends; another $0.12 per share dividend approved for Q4.

Key Financials
Revenue
$57.1 million
ARR
$180 million
Net Retention Rate
103%
Gross Margin
74%
Operating Income
$8.2 million
Net Income Per Share
$0.17
Non-GAAP Earnings Per Share
$0.33
Adjusted EBITDA
$17.5 million
Adjusted EBITDA Margin
30.7%
Operating Cash Flow
$11 million
Cash and Cash Equivalents
$85.6 million
Share Buybacks
$6.3 million (450,000 shares repurchased in Q3)
Dividend
$0.12 per share (approved for Q4)
Cybersecurity ARR
$115.5 million
Cybersecurity Revenue
$40.3 million
Cybersecurity Subscription Revenue Growth
13%
Cybersecurity Gross Margin
74.4%
Cybersecurity Operating Income
$16.7 million
Digital Agreements ARR
$65 million
Digital Agreements Revenue
$16.7 million
Digital Agreements Subscription Revenue Growth
11%
Digital Agreements Gross Margin
72%
Digital Agreements Operating Income
$4.2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jorge A. Garcia Martell
Chief Financial Officer
No Bio Available
Ms. Lara Mataac
General Counsel & Chief Compliance Officer
No Bio Available
Mr. Victor T. Limongelli Esq.
CEO & President
No Bio Available
Mr. John W. Bosshart CPA
Chief Accounting Officer
No Bio Available
Mr. Michael W. Lillie
Chief Information Officer
No Bio Available
Mr. Joseph A. Maxa P.E.
Vice President of Investor Relations
No Bio Available
Sarah Hanel
Senior Director of Global Corporate Communications
No Bio Available
Mr. Giovanni Verhaeghe
Senior Vice President of Corporate & Business Development
No Bio Available
Ms. Kelly Smith
Vice President of Global Human Resources
No Bio Available
Ms. Caroline Vignollet
Senior Vice President of Research & Development
No Bio Available

Contacts

Address
ILLINOIS
Chicago
121 W Wacker Dr Ste 2050
Contacts
+13127664001.0
www.onespan.com