Onespan (NASDAQ:OSPN) Announces Quarterly Earnings Results

Onespan (NASDAQ:OSPN) released its quarterly earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05, FiscalAI reports. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The firm had revenue of $62.92 million for the quarter, compared to analyst estimates of $59.78 million.

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

• OneSpan is now a predominantly software business with ARR of $187 million (up 11.5% YoY) and software/services expected to be >80% of revenue in 2026, driven by subscription growth in both Cybersecurity and Digital Agreements.
• The company generated strong profitability and cash flow in 2025 — $77.6M adjusted EBITDA for the year and ~$59.5M operating cash flow — while returning ~$32M to shareholders and raising the quarterly dividend to $0.13.
• Management is pursuing targeted M&A to strengthen product lines, notably the planned acquisition of Build38 (to deepen App Shielding) and prior deals (Nok Nok, ThreatFabric) to broaden mobile protection and authentication capabilities.
• Near-term profitability will be modestly impacted by planned investments (~$5.5M incremental S&M and R&D in 2026) and the Build38 acquisition, which management expects to dilute adjusted EBITDA by about $3M–$4M in 2026.
• 2026 guidance calls for modest growth — ARR of $192M–$196M (3%–5%), software/services revenue $201M–$204M (4%–5%) and total revenue $244M–$249M (0%–2%) — with adjusted EBITDA guided to $64M–$68M.

Onespan Price Performance

OSPN stock traded down $0.39 during trading on Friday, reaching $10.98. 395,602 shares of the company were exchanged, compared to its average volume of 591,713. The company has a market capitalization of $417.61 million, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.87 and a beta of 1.53. Onespan has a twelve month low of $10.17 and a twelve month high of $18.13. The company has a 50-day moving average of $11.99 and a two-hundred day moving average of $13.42.

Onespan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, March 13th. This is a positive change from Onespan’s previous quarterly dividend of $0.12. Onespan’s dividend payout ratio is 32.65%.

Hedge Funds Weigh In On Onespan

Several institutional investors have recently added to or reduced their stakes in OSPN. Comerica Bank grew its position in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after acquiring an additional 2,021 shares during the last quarter. Royal Bank of Canada grew its stake in Onespan by 37.0% in the first quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock worth $1,036,000 after purchasing an additional 18,328 shares during the period. Rhumbline Advisers lifted its position in Onespan by 7.4% during the second quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock valued at $977,000 after buying an additional 4,027 shares during the period. American Century Companies Inc. grew its position in shares of Onespan by 13.3% in the 2nd quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock worth $1,572,000 after buying an additional 11,032 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Onespan by 85.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company’s stock valued at $1,076,000 after acquiring an additional 29,738 shares during the period. Institutional investors own 95.52% of the company’s stock.

Trending Headlines about Onespan

Here are the key news stories impacting Onespan this week:

• Positive Sentiment: Q4 beat — OneSpan reported $0.36 EPS and $62.9M revenue, topping consensus EPS and revenue estimates; margins and ROE remain healthy, which supports valuation. Zacks Q4 Coverage
• Positive Sentiment: Dividend raised — Board declared a quarterly dividend of $0.13 (8.3% increase from $0.12), implying a ~4.7% yield on the current price; payable Mar 27 to holders of record Mar 13. This signals cash-flow confidence and boosts income investor appeal.
• Neutral Sentiment: FY‑2026 revenue view slightly above consensus — OneSpan set revenue guidance of $244M–$249M vs. consensus ~$242.9M, a modest beat but not a material upside; EPS guidance details were not highlighted in the release. Press Release / Slides
• Neutral Sentiment: 2026 product growth outlook modest — Management outlined 4–5% software & services growth for 2026 while emphasizing investments in cybersecurity and digital agreements; positive strategically but slower growth may temper investor enthusiasm. Seeking Alpha Growth Coverage
• Negative Sentiment: Shares fell despite the beat — The stock declined today, likely because the forward growth outlook was modest relative to expectations and EPS guidance wasn’t clearly upgraded; investors often punish muted forward commentary even after a quarter that beats. MarketBeat Earnings Summary

Analysts Set New Price Targets

OSPN has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. DA Davidson dropped their price target on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Rosenblatt Securities lowered their target price on shares of Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

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.