Onespan (NASDAQ:OSPN – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03, FiscalAI reports. Onespan had a net margin of 28.47% and a return on equity of 18.41%. The firm had revenue of $65.95 million during the quarter, compared to the consensus estimate of $62.40 million.
Here are the key takeaways from Onespan’s conference call:
- Q1 showed strong recurring-business profitability with ARR of $192M (+14% YoY), adjusted EBITDA of $21M (~32% margin), subscription revenue up ~8%, and $28M of operating cash flow.
- Targeted M&A is expanding product reach: the Build38 acquisition adds SDK-based mobile app shielding and telemetry, and Nok Nok (ARR ~$9.7M at quarter end) materially broadened the company’s passwordless/FIDO capabilities.
- Management affirmed FY‑2026 revenue and adjusted EBITDA guidance and raised ARR guidance to a new range of $194M–$198M, signaling confidence in second-half ARR recovery and Q4 seasonality.
- Near-term pressure: GAAP operating income and non‑GAAP EPS declined YoY, adjusted EBITDA margin fell from 36.4% to 31.9%, and management flagged an approximately $3M ARR Q2 headwind from two non‑renewals; cash fell to $49.8M after acquisitions and buybacks.
- Business mix is shifting: subscription now ~80% of revenue while hardware is down to ~16% and secularly declining; Digital Agreements grew ~11% and cybersecurity ARR rose ~16.5%, with future hardware stability hinging on FIDO/security key adoption.
Onespan Trading Down 0.3%
Shares of Onespan stock traded down $0.04 on Friday, hitting $11.54. 1,176,007 shares of the company traded hands, compared to its average volume of 417,479. The firm’s 50-day simple moving average is $10.90 and its 200 day simple moving average is $12.09. The company has a market cap of $427.80 million, a P/E ratio of 6.14, a P/E/G ratio of 1.06 and a beta of 1.47. Onespan has a 12-month low of $10.07 and a 12-month high of $18.13.
Onespan Announces Dividend
Onespan News Roundup
Here are the key news stories impacting Onespan this week:
- Positive Sentiment: Q1 beat — OneSpan reported EPS of $0.39 (above estimates) and revenue of ~$66.0M, topping consensus and showing healthy margins; this is the primary driver for positive investor reaction. OneSpan (OSPN) Surpasses Q1 Earnings and Revenue Estimates
- Positive Sentiment: Subscription growth & strategic commentary — Management highlighted strong subscription growth and strategic progress on the earnings call, which supports recurring revenue outlook and valuation multiple expansion potential. OneSpan Inc (OSPN) Q1 2026 Earnings Call Highlights: Strong Subscription Growth and Strategic …
- Positive Sentiment: Dividend declared — Board approved a quarterly dividend of $0.13/share (annualized yield ~4.7%), beginning with record date May 14 and payable June 4, which boosts income investor interest. (Dividend announcement reported 4/30/2026)
- Positive Sentiment: Sell-side support — Rosenblatt maintained a Buy rating on OneSpan, reinforcing demand from brokerage-driven investors. Rosenblatt Securities Sticks to Its Buy Rating for OneSpan (OSPN)
- Neutral Sentiment: FY26 revenue guidance range — Management updated FY2026 revenue guidance to $244.0M–$249.0M, roughly in line with consensus (~$246.2M); guidance was neither a clear beat nor a raise, so it tempered upside momentum. OneSpan Press Release / Slide Deck
- Neutral Sentiment: Earnings call transcript & materials — Full call transcript and slides are available for detail review; useful for checking growth cadence, ARR/subscription metrics and margin drivers but not new headline news. OneSpan Inc. (OSPN) Q1 2026 Earnings Call Transcript
- Negative Sentiment: Modest pullback / profit-taking — Despite the beat and dividend, the stock ticked lower as guidance did not materially exceed expectations and some traders likely pared positions after the post-earnings move; keep an eye on next-quarter guidance cadence and ARR/subscription trends for direction.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of Onespan from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of Onespan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Finally, DA Davidson cut their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.67.
Read Our Latest Report on OSPN
Insider Buying and Selling at Onespan
In other news, CFO Jorge Garcia Martell sold 15,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the sale, the chief financial officer owned 110,218 shares in the company, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.
Institutional Trading of Onespan
Institutional investors and hedge funds have recently made changes to their positions in the stock. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 900 shares in the last quarter. Comerica Bank raised its position in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Onespan during the 4th quarter valued at $50,000. Tower Research Capital LLC TRC raised its position in shares of Onespan by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after buying an additional 3,816 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Onespan by 12,342.3% during the 4th quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock valued at $83,000 after buying an additional 6,418 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.
About Onespan
OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.
The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.
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