OneSpan
Secures digital transactions and agreement workflows for regulated enterprises.
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Profile
Sells authentication, mobile security, and digital agreement tools to banks and regulated enterprises. Revenue spans cybersecurity software, Digipass devices, support, and subscription-based agreement workflows, with demand tied to secure digital banking, compliance, and enterprise transaction automation.
Provides cybersecurity products and Digital Agreements software for banks, financial institutions, and regulated enterprises. Cybersecurity includes Cloud Authentication, Digipass software and authenticators, mobile security, app shielding, and authentication servers; Digital Agreements centers on OneSpan Sign, notary, identity verification, and workflow integration.
Revenue is split across EMEA, the Americas, and APAC, with EMEA and the Americas carrying the largest share. Execution depends on replacing legacy hardware authentication with software, passwordless access, and mobile application protection while still supporting a Digipass installed base.
Secure digital banking, e-signature compliance, and fraud prevention shape customer demand. The business operates in markets where authentication vendors, device-security specialists, and larger e-signature platforms compete for regulated workflows.
Company facts
Categories
Key statistics
Year to date +34.6% · Average volume (30d) 412.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | DA Davidson | Reiterate | Neutral | $13 | $16 | |
| Oct 31, 2025 | DA Davidson | Reiterate | Neutral | $13 | ||
| Oct 31, 2024 | Sidoti & Co. | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.23 | $0.30 | +29.9% | $58.3M | $60.5M | +3.8% | +0.56% |
| Apr 30, 2026Q1 FY26 | $0.36 | $0.39 | +8.3% | $62.4M | $65.9M | +5.7% | −0.35% |
| Feb 26, 2026Q4 FY25 | $0.30 | $0.36 | +20.0% | $59.8M | $62.9M | +5.2% | −2.90% |
| Oct 30, 2025Q3 FY25 | $0.28 | $0.33 | +17.9% | $59.8M | $57.1M | −4.6% | −26.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $63.4M | $59.8M | $57.1M | $62.9M | $65.9M | $60.5M | |
| Gross profit | $47.1M | $44.0M | $42.0M | $38.8M | $48.5M | $44.5M | |
| Operating income | $17.2M | $10.5M | $8.2M | $14.2M | $15.1M | $8.7M | |
| Net income | $14.5M | $8.3M | $6.5M | $43.5M | $11.6M | $6.8M | |
| Diluted EPS | $0.37 | $0.21 | $0.17 | $1.13 | $0.30 | $0.18 | |
| Gross margin | 74.3% | 73.5% | 73.6% | 61.7% | 73.6% | 73.6% | |
| Operating margin | 27.1% | 17.6% | 14.4% | 22.5% | 22.9% | 14.5% |
Fiscal years (4-quarter sums)FY21 $214.5M · FY22 $219.0M · FY23 $235.1M · FY24 $243.2M · FY25 $243.2M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $43.3M · Total debt $12.4M · Total assets $387.0M · Shareholders' equity $273.5M
Dividends
Last raised to $0.13 from $0.12 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 4 | $0.13 | |
| May 14, 2026 | May 14 | Jun 4 | $0.13 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.13 | raised from $0.12 |
| Nov 14, 2025 | Nov 14 | Dec 5 | $0.12 | |
| Aug 15, 2025 | Aug 15 | Sep 5 | $0.12 | |
| May 16, 2025 | May 16 | Jun 6 | $0.12 | |
| Jan 31, 2025 | Jan 31 | Feb 14 | $0.12 |
Ownership
Shares outstanding 37.07M · Float 36.33M · 98.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.15M | 11.20% | 13F | Aug 7, 2026 |
| Legal & General Group PLC | 2.18M | 5.87% | 13F | Aug 14, 2026 |
| Neuberger Berman Group LLC | 1.78M | 4.80% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.73M | 4.67% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 1.53M | 4.13% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 16, 2026 | Jorge Garcia Martell | officer: Chief Financial Officer | −20,000 | $14.45 |
| Mar 30, 2026 | Lara Mataac | officer: General Counsel | +22,739 | |
| Mar 16, 2026 | Jorge Garcia Martell | officer: Chief Financial Officer | −15,000 | $10.33 |
| Mar 4, 2026 | Marc Zenner | director | +3,300 | $10.54 |
| Dec 12, 2025 | Jorge Garcia Martell | officer: Chief Financial Officer | −10,000 | $12.97 |
Peers
- Docusign
Largest pure-play pressure point in e-signatures
- Adobe
Document-cloud scale competitor in e-signatures
- Okta
Adjacent IAM and customer-identity competitor
