Onespan (NASDAQ:OSPN) Issues Quarterly Earnings Results

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

Onespan stock traded up $0.34 during midday trading on Wednesday, reaching $16.55. 494,848 shares of the company’s stock were exchanged, compared to its average volume of 563,691. The stock’s 50-day simple moving average is $14.68 and its 200 day simple moving average is $12.52. The firm has a market cap of $613.43 million, a price-to-earnings ratio of 9.16, a P/E/G ratio of 1.41 and a beta of 1.53. Onespan has a 52 week low of $10.07 and a 52 week high of $18.48.

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

Analyst Upgrades and Downgrades

OSPN has been the topic of several recent research reports. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. DA Davidson set a $16.00 price objective on shares of Onespan in a report on Wednesday. Rosenblatt Securities boosted their price target on Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Onespan has a consensus rating of “Hold” and an average target price of $19.00.

Insider Buying and Selling at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 91,018 shares in the company, valued at $1,315,210.10. This trade represents a 18.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Onespan

A number of institutional investors have recently modified their holdings of OSPN. Integrated Quantitative Investments LLC grew its position in Onespan by 10.9% during the fourth quarter. Integrated Quantitative Investments LLC now owns 22,630 shares of the company’s stock worth $291,000 after buying an additional 2,230 shares in the last quarter. State of Tennessee Department of Treasury grew its position in Onespan by 116.6% during the 2nd quarter. State of Tennessee Department of Treasury now owns 17,145 shares of the company’s stock valued at $286,000 after purchasing an additional 9,231 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Onespan by 85.6% in the fourth quarter. Headlands Technologies LLC now owns 19,706 shares of the company’s stock worth $253,000 after acquiring an additional 9,089 shares during the period. Amundi increased its position in Onespan by 10.0% during the fourth quarter. Amundi now owns 18,463 shares of the company’s stock valued at $237,000 after acquiring an additional 1,676 shares during the last quarter. Finally, Inceptionr LLC bought a new position in Onespan in the fourth quarter valued at about $233,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

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.