OneSpan Inc.
15.16-0.88 (-5.49%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · OSPN · USD
Key Stats
Market Cap
581.00MP/E (TTM)
9.91Basic EPS (TTM)
1.53Dividend Yield
0.02%Recent Filings
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 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.
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.
8-K
OneSpan boosts incentive shares
OneSpan's stockholders approved an amendment to the 2019 Omnibus Incentive Plan at the June 6, 2025 annual meeting, boosting available shares by 1,500,000 to fuel equity awards. All seven director nominees sailed through, while advisory nods went to executive pay and KPMG's audit role. This refresh signals commitment to talent retention amid growth. No risks disclosed.
10-Q
Q1 FY2025 results
OneSpan's Q1 revenue dipped 2% year-over-year to $63.4M, yet operating income climbed 22% to $17.2M on slimmer costs and a steady 74% gross margin. Security Solutions revenue fell 5% to $47.7M from lower hardware sales, while Digital Agreements grew 9% to $15.7M via subscription expansions; both segments turned profitable. Cash swelled to $105.2M after $29.4M in operating cash flow, funding a $4.6M dividend with no debt. Restructuring wrapped up, trimming expenses sharply. Tariffs on Chinese imports could squeeze hardware margins.
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