Onespan (NASDAQ:OSPN) Issues Earnings Results, Beats Estimates By $0.03 EPS

02 May 2026, 13:58 by Renee Jackson · The Cerbat Gem

Onespan (NASDAQ:OSPN – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03, FiscalAI reports. Onespan had a return on equity of 18.41% and a net margin of 28.47%.The firm had revenue of $65.95 million for the quarter, compared to the consensus estimate of $62.40 million.

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

Q1 showed strong recurring-business profitability with ARR of $192M (+14% YoY), adjusted EBITDA of $21M (~32% margin), subscription revenue up ~8%, and $28M of operating cash flow.
Targeted M&A is expanding product reach: the Build38 acquisition adds SDK-based mobile app shielding and telemetry, and Nok Nok (ARR ~$9.7M at quarter end) materially broadened the company’s passwordless/FIDO capabilities.
Management affirmed FY‑2026 revenue and adjusted EBITDA guidance and raised ARR guidance to a new range of $194M–$198M, signaling confidence in second-half ARR recovery and Q4 seasonality.
Near-term pressure: GAAP operating income and non‑GAAP EPS declined YoY, adjusted EBITDA margin fell from 36.4% to 31.9%, and management flagged an approximately $3M ARR Q2 headwind from two non‑renewals; cash fell to $49.8M after acquisitions and buybacks.
Business mix is shifting: subscription now ~80% of revenue while hardware is down to ~16% and secularly declining; Digital Agreements grew ~11% and cybersecurity ARR rose ~16.5%, with future hardware stability hinging on FIDO/security key adoption.

Onespan Stock Down 0.3%

NASDAQ:OSPN traded down $0.04 on Friday, reaching $11.54. The company’s stock had a trading volume of 1,176,007 shares, compared to its average volume of 417,479. Onespan has a 12-month low of $10.07 and a 12-month high of $18.13. The firm has a market cap of $427.80 million, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.47. The stock has a 50 day moving average price of $10.90 and a 200 day moving average price of $12.09.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.13 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 4.5%. Onespan’s payout ratio is currently 27.66%.

Insider Buying and Selling

In other Onespan news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction on Monday, March 16th. The stock was sold at an average price of $10.33, for a total value of $154,950.00. Following the sale, the chief financial officer owned 110,218 shares in the company, valued at $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onespan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the period. Deutsche Bank AG raised its position in Onespan by 4.7% in the fourth quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock valued at $431,000 after purchasing an additional 1,522 shares during the period. Amundi raised its position in Onespan by 10.0% in the fourth quarter. Amundi now owns 18,463 shares of the company’s stock valued at $237,000 after purchasing an additional 1,676 shares during the period. Comerica Bank raised its position in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after purchasing an additional 2,021 shares during the period. Finally, Lazard Asset Management LLC raised its position in Onespan by 0.8% in the fourth quarter. Lazard Asset Management LLC now owns 264,828 shares of the company’s stock valued at $3,400,000 after purchasing an additional 2,197 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded Onespan from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. DA Davidson reduced their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings downgraded Onespan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.67.

View Our Latest Report on Onespan

Key Headlines Impacting Onespan

Here are the key news stories impacting Onespan this week:

Positive Sentiment: Q1 beat — OneSpan reported EPS of $0.39 (above estimates) and revenue of ~$66.0M, topping consensus and showing healthy margins; this is the primary driver for positive investor reaction. OneSpan (OSPN) Surpasses Q1 Earnings and Revenue Estimates
Positive Sentiment: Subscription growth & strategic commentary — Management highlighted strong subscription growth and strategic progress on the earnings call, which supports recurring revenue outlook and valuation multiple expansion potential. OneSpan Inc (OSPN) Q1 2026 Earnings Call Highlights: Strong Subscription Growth and Strategic …
Positive Sentiment: Dividend declared — Board approved a quarterly dividend of $0.13/share (annualized yield ~4.7%), beginning with record date May 14 and payable June 4, which boosts income investor interest. (Dividend announcement reported 4/30/2026)
Positive Sentiment: Sell-side support — Rosenblatt maintained a Buy rating on OneSpan, reinforcing demand from brokerage-driven investors. Rosenblatt Securities Sticks to Its Buy Rating for OneSpan (OSPN)
Neutral Sentiment: FY26 revenue guidance range — Management updated FY2026 revenue guidance to $244.0M–$249.0M, roughly in line with consensus (~$246.2M); guidance was neither a clear beat nor a raise, so it tempered upside momentum. OneSpan Press Release / Slide Deck
Neutral Sentiment: Earnings call transcript & materials — Full call transcript and slides are available for detail review; useful for checking growth cadence, ARR/subscription metrics and margin drivers but not new headline news. OneSpan Inc. (OSPN) Q1 2026 Earnings Call Transcript
Negative Sentiment: Modest pullback / profit-taking — Despite the beat and dividend, the stock ticked lower as guidance did not materially exceed expectations and some traders likely pared positions after the post-earnings move; keep an eye on next-quarter guidance cadence and ARR/subscription trends for direction.

Onespan Company Profile

(Get Free Report)

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.