Onespan (NASDAQ:OSPN) Announces Earnings Results, Beats Expectations By $0.07 EPS

Onespan (NASDAQ:OSPN) posted its quarterly earnings data on Tuesday. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07, FiscalAI reports. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The company had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million.

Here are the key takeaways from Onespan’s conference call:

• Subscription revenue grew 11% to $47 million and represented 77% of total revenue, while ARR increased 6.7% to $189.7 million with a 103% net retention rate.
• OneSpan raised its 2026 outlook, now expecting revenue of $248 million-$252 million and adjusted EBITDA of $67 million-$71 million, citing stronger digital-agreement usage and higher anticipated hardware revenue.
• The newly launched DigipassONE platform combines authentication, verifiable credentials, mobile-app protection, and analytics, creating potential cross-sell opportunities among OneSpan’s banking customers and supporting longer-term growth.
• Digital agreements revenue rose 25.2% to $19.5 million, helped by strong transaction overages that management views as an indicator of customer activity and potential future expansion contracts.
• Total revenue grew only 1% as cybersecurity revenue declined 7.5%, while GAAP operating income and adjusted EBITDA margin fell year over year due to lower hardware and license-related revenue and increased acquisition and go-to-market investment.

Onespan Price Performance

NASDAQ:OSPN traded up $0.30 during mid-day trading on Wednesday, reaching $16.52. The company’s stock had a trading volume of 559,343 shares, compared to its average volume of 564,010. The company’s fifty day simple moving average is $14.68 and its two-hundred day simple moving average is $12.52. Onespan has a twelve month low of $10.07 and a twelve month high of $18.48. The stock has a market cap of $612.21 million, a P/E ratio of 9.10, a P/E/G ratio of 1.41 and a beta of 1.53.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OSPN shares. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. DA Davidson set a $16.00 target price on shares of Onespan in a report on Wednesday. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Rosenblatt Securities upped their price target on Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Onespan presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Insider Activity

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Onespan

Institutional investors have recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted 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 worth $26,000 after purchasing an additional 900 shares during the last quarter. Comerica Bank lifted its position in shares of Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Onespan in the fourth quarter worth about $50,000. Advisors Asset Management Inc. boosted its position in shares of Onespan by 12,342.3% in the 4th quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock worth $83,000 after purchasing an additional 6,418 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Onespan by 289.7% in 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 during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Onespan News Summary

Here are the key news stories impacting Onespan this week:

• Positive Sentiment: Rosenblatt raises target and rating: Rosenblatt Securities increased its price target from $16 to $18 and upgraded OneSpan to “buy,” implying approximately 8.8% upside from the cited $16.55 price. Benzinga analyst action
• Positive Sentiment: Q2 earnings beat expectations: OneSpan reported adjusted earnings of $0.30 per share, exceeding consensus estimates ranging from $0.23 to $0.25. Revenue totaled $60.47 million, also ahead of the approximately $58.25 million analyst forecast. The earnings beat is the primary near-term catalyst for the stock. OneSpan Q2 earnings report
• Positive Sentiment: Revenue outlook exceeds expectations: Management issued fiscal 2026 revenue guidance of $248 million to $252 million, above the $246.4 million consensus estimate. This suggests confidence in continued demand and supports the positive reaction to the earnings release. OneSpan earnings report
• Neutral Sentiment: Profitability remains solid, but year-over-year EPS declined: OneSpan posted a 28.47% net margin and 18.03% return on equity. However, quarterly earnings of $0.30 per share were below the $0.34 reported a year earlier, partially tempering the otherwise favorable results. OneSpan Q2 earnings snapshot
• Neutral Sentiment: The Q2 2026 earnings-call transcript provides additional management commentary on the results and updated outlook. OneSpan Q2 earnings call transcript

Onespan Company Profile

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.