OneSpan Inc. OSPN R2K
OneSpan Inc., together with its subsidiaries, provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. It operates through Cybersecurity and Digital Agreements segments. The company offers Cloud Authentication, a cloud-based multifactor authentication solution; Mobile Security Suite, a software development kit that protects mobile transactions; Mobile Application Shielding that protects mobile applications from attacks by malware allowing secure usage of mobile applications even in hostile environments; and authentication servers that securely authenticate users and transactions. The company also provides Authentication Suite, a solution to protect organizations from cyber threats; Digipass Authenticator; and Digipass S3 Authentication software, an authentication platform designed to enable passwordless and phishing-resistant authentication across web and mobile applications. It also provides OneSpan Sign, a range of e-signature requirements for occasional agreement; OneSpan Notary, an online notary solution developed for organizations with in-house notaries; OneSpan Sign Identity Verification that enables banks and financial institutions identity verification services; Onespan Sign Authentication, a configurable authentication option to verify senders and signers by adding layers of security to e-signature transactions; and OneSpan Integration Platform, a platform that enables organizations to integrate e-signatures. It sells its solutions through its direct sales force, distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in August 1997. OneSpan Inc. was founded in 1991 and is headquartered in Boston, Massachusetts.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 27.8%.
- Excellent profit margin of 28.5%.
- Profit CAGR of 201.7% over 5 years.
- Attractive dividend yield of 3.60%.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
- RSI at 83 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | OSPN OneSpan Inc. R2K | 14.44 | 7.98 | $535.33M | 3.60% | 17.69% | 27.81% | 3.55% | 201.70% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55.73M | 58.84M | - | 64.84M | 60.92M | 56.24M | - | 63.37M | 59.84M | 57.06M | 62.91M | 65.95M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.27M | 15.88M | 15.05M | 16.62M | 17.43M |
| Gross Profit | 36.55M | 30.05M | 31.95M | 29.91M | 32.05M | 36.65M | 35.91M | 34.70M | 35.98M | 34.54M | 42.25M | 31.06M | 38.29M | 53.02M | 49.16M | 39.27M | 35.62M | 34.95M | 38.22M | 34.24M | 34.83M | 36.40M | 37.47M | 36.68M | 35.51M | 38.43M | 37.95M | 39.29M | 34.29M | 40.67M | 43.47M | 47.40M | 40.34M | 41.55M | - | 47.09M | 43.97M | 42.00M | 46.29M | 48.51M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.49M | 33.41M | 33.08M | 33.30M | 33.41M |
| Operating Income | 3.39M | 912.00K | 2.19M | 302.00K | -400.00K | 5.11M | 1.18M | 1.65M | -2.61M | -3.11M | 4.10M | -6.04M | -2.28M | 17.09M | 5.42M | 825.00K | -1.69M | -2.35M | -2.04M | -9.29M | -8.86M | -2.02M | -5.96M | -9.24M | -8.24M | -5.62M | -4.01M | -8.13M | -17.76M | -4.79M | 1.82M | 14.11M | 7.64M | 11.25M | - | 17.60M | 10.55M | 8.92M | 12.99M | 15.10M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.73M | 13.01M | 11.49M | 15.91M | 18.23M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.86M | 10.57M | 8.41M | 12.52M | 14.41M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.36M | 2.23M | 1.89M | -31.02M | 2.85M |
| Net Income | 2.83M | 478.00K | 5.01M | 573.00K | 110.00K | 2.75M | -25.84M | 1.79M | -1.00M | -908.00K | 3.96M | -6.06M | -2.51M | 11.85M | 4.58M | 4.00K | -2.02M | -1.68M | -1.76M | -9.15M | -6.68M | -975.00K | -13.77M | 5.21M | -9.35M | -7.20M | -3.10M | -8.36M | -17.75M | -4.13M | 441.00K | 13.47M | 6.55M | 8.27M | - | 14.51M | 8.34M | 6.51M | 43.54M | 11.56M |
| Diluted EPS | 0.07 | 0.01 | 0.13 | 0.01 | 0.00 | 0.07 | -0.65 | 0.04 | -0.03 | -0.02 | 0.10 | -0.15 | -0.06 | 0.30 | 0.11 | 0.00 | -0.05 | -0.04 | -0.04 | 0.23 | -0.17 | -0.02 | -0.36 | 0.13 | -0.23 | -0.18 | -0.08 | -0.21 | -0.44 | -0.10 | 0.01 | 0.35 | 0.17 | 0.21 | - | 0.37 | 0.21 | 0.17 | 1.13 | 0.30 |
| R&D Expense | 6.24M | 5.81M | - | 5.86M | 6.32M | 5.49M | - | 5.80M | 8.02M | 8.99M | - | 10.49M | 11.98M | 9.96M | - | 9.99M | 10.54M | 10.64M | - | 12.24M | 12.10M | 11.36M | - | 12.10M | 11.96M | 9.54M | - | 9.46M | 10.09M | 10.13M | - | 8.26M | 8.34M | 7.53M | - | 7.93M | 9.44M | 8.80M | - | 9.08M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 219.01M | 235.11M | 243.18M | 243.18M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 70.44M | 77.39M | 68.60M | 63.83M |
| Gross Profit | 71.16M | 75.97M | 108.11M | 99.56M | 99.87M | 125.64M | 143.54M | 130.66M | 134.51M | 146.52M | 167.84M | 148.06M | - | 148.57M | 157.72M | 174.58M | 179.35M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 162.38M | 169.28M | 125.33M | 129.28M |
| Operating Income | 12.64M | 12.39M | 24.77M | 21.03M | 13.71M | 38.09M | 50.45M | 9.60M | 6.19M | -920.00K | 14.19M | -5.26M | - | -13.80M | -11.56M | 49.25M | 50.07M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.74M | -5.08M | 57.61M | 60.14M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | -11.69M | -27.31M | 46.49M | 49.36M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.74M | 2.49M | -10.60M | -23.54M |
| Net Income | 11.86M | 10.81M | 18.13M | 15.60M | 11.15M | 33.48M | 42.15M | 10.51M | -22.40M | 3.04M | 7.86M | -5.46M | - | -14.43M | -29.80M | 57.08M | 72.90M |
| Diluted EPS | 0.31 | 0.28 | 0.47 | 0.40 | 0.28 | 0.85 | 1.06 | 0.27 | -0.56 | 0.08 | 0.20 | -0.14 | - | -0.36 | -0.74 | 1.46 | 1.88 |
| R&D Expense | 11.58M | 13.57M | 18.64M | 18.79M | 21.32M | 18.55M | 17.46M | 23.21M | 23.12M | 32.20M | 42.46M | 41.19M | 47.41M | 41.73M | 38.42M | 32.42M | 34.16M |
Compounded Sales Growth
| 5 Years: | 3.55% |
| 1 Year: | 4.10% |
Compounded Profit Growth
| 5 Years: | 201.70% |
| 1 Year: | -18.90% |
Stock Price Performance
| 1 Year: | -5.52% |
| 6 Months: | +20.92% |
| 3 Months: | +33.85% |
| 1 Month: | +27.04% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 142.94M | 168.92M | 186.51M | 211.88M | 251.34M | 311.82M | 327.27M | 337.62M | 352.83M | 382.54M | 375.20M | - | 335.08M | 289.19M | 338.73M | 397.70M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 198.39M | 146.34M | 174.89M | 172.21M |
| Cash & Equivalents | 57.71M | 67.60M | 85.53M | 84.50M | 106.47M | 98.61M | 72.44M | 78.52M | 49.34M | 78.66M | 76.71M | 84.28M | 88.39M | - | 96.17M | 43.00M | 83.16M | 70.50M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.05M | 15.55M | 10.79M | 10.47M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65.13M | 64.39M | 56.23M | 56.00M |
| Total Liabilities | - | - | 26.45M | 33.12M | 30.19M | 37.60M | 45.47M | 63.77M | 74.11M | 99.69M | 100.39M | 120.25M | 117.86M | - | 131.77M | 130.05M | 126.20M | 125.86M |
| Current Liabilities | - | - | 25.77M | 31.17M | 29.95M | 37.11M | 45.20M | 55.69M | 67.96M | 66.15M | 72.36M | 73.81M | 75.30M | - | 110.81M | 114.83M | 110.28M | 114.57M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.44M | 6.82M | 6.93M | 6.14M |
| Total Equity | 95.28M | 108.38M | 116.49M | 135.80M | 156.32M | 174.28M | 205.87M | 248.05M | 253.16M | 237.93M | 251.64M | 262.29M | 257.34M | - | 203.31M | 159.14M | 212.53M | 271.84M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.76M | 41.24M | 41.78M | 42.09M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | - | - | 68.79M | 28.41M | 17.63M | 1.23M | 18.24M | 14.92M | - | -5.76M | -10.73M | 55.67M | 59.45M |
| Investing Cash Flow | - | - | - | - | - | - | -55.96M | -56.50M | 12.80M | 194.00K | -9.89M | -4.66M | - | 46.59M | -12.01M | -9.30M | -35.58M |
| Financing Cash Flow | - | - | - | - | - | - | -6.44M | -1.05M | -640.00K | -970.00K | -569.00K | -7.06M | - | -7.31M | -32.09M | -5.24M | -38.42M |
| Capital Expenditure | -2.17M | -1.42M | -1.13M | -1.34M | -944.00K | -1.45M | -1.36M | -2.04M | -3.09M | -3.69M | -7.45M | -3.10M | - | -5.03M | -12.54M | -9.30M | -9.04M |
| Free Cash Flow | - | - | - | - | - | - | 67.43M | 26.37M | 14.54M | -2.46M | 10.79M | 11.82M | - | -10.78M | -23.28M | 46.36M | 50.41M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.52M | -54.84M | 41.12M | -14.55M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | - | - | 5.03M | 7.47M | 5.72M | 29.16M | 3.00K | 13.14M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 67.8% | 67.1% | 71.8% | 73.8% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.3% | -4.9% | 20.3% | 20.6% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.6% | -12.7% | 23.5% | 30.0% |
| ROE % | 10.9% | 9.3% | 13.4% | 10.0% | 6.4% | 16.3% | 17.0% | 4.2% | -9.4% | 1.2% | 3.0% | -2.1% | - | -7.1% | -18.7% | 26.9% | 26.8% |
| ROCE % | - | 10.6% | 18.0% | 13.4% | 7.8% | 18.5% | 19.7% | 3.7% | 2.3% | -0.3% | 4.6% | -1.8% | - | -6.2% | -6.6% | 21.6% | 17.7% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 10.01% | 3.71M | $53.58M |
| 2 | Legal & General Group PLC | 5.32% | 1.97M | $28.47M |
| 3 | Neuberger Berman Group, LLC | 4.40% | 1.63M | $23.54M |
| 4 | Vanguard Capital Management LLC | 4.33% | 1.61M | $23.20M |
| 5 | Dimensional Fund Advisors LP | 3.95% | 1.46M | $21.15M |
| 6 | Vanguard Portfolio Management LLC | 3.70% | 1.37M | $19.80M |
| 7 | State Street Corporation | 3.58% | 1.33M | $19.19M |
| 8 | Arrowstreet Capital, Limited Partnership | 3.42% | 1.27M | $18.31M |
| 9 | Millennium Management Llc | 2.72% | 1.01M | $14.58M |
| 10 | Geode Capital Management, LLC | 2.71% | 1.00M | $14.49M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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