OSPN
OneSpan Inc.12.81
+0.30+2.4%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
490.94MP/E (TTM)
8.60Basic EPS (TTM)
1.49Dividend Yield
0.04%Recent Filings
8-K
10-Q
8-K
OneSpan Q2 profit jumps 38%
OneSpan reported Q2 2025 revenue of $59.8 million, down 2% year-over-year, yet operating income surged 38% to $10.5 million amid a 73% gross margin. Subscription revenue climbed 22% to $36.2 million, boosting ARR 8% to $177.8 million, partly from acquiring Nok Nok Labs for FIDO2 authentication. The company secured a $100 million credit facility and raised full-year guidance to $245-251 million revenue. Acquisition integration risks loom.
10-Q
Q2 FY2025 results
OneSpan's Q2 revenue dipped 2% year-over-year to $59.8M, yet gross margins climbed to 73% from 66% on lower hardware costs and a software shift, while operating income rose 38% to $10.5M. Security Solutions revenue fell 3% to $44.2M amid mobile-first trends curbing hardware sales, but Digital Agreements grew 1% to $15.6M via cloud expansions. The $18.4M Nok Nok Labs acquisition in June added passwordless tech to Security Solutions, recognizing $5.4M goodwill and $4.4M intangibles amortized over 5-6 years. Cash hit $92.9M with $35.6M operating cash flow for the half; the new $100M revolver remains undrawn. Diluted EPS of $0.21 aligns with shares outstanding. Competition from mobile authentication rivals lingers.
8-K
OneSpan secures $100M credit facility
OneSpan Inc. secured a $100 million revolving credit facility from MUFG Bank on June 23, 2025, maturing in 2030 with no initial borrowings. This replaces prior arrangements, bolstering liquidity for general corporate needs while tying interest rates to leverage. Lenders hold first-priority liens on assets. No covenants breached.
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