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OneSpan Inc. OSPN R2K

Technology · Software - Infrastructure · United States
https://www.onespan.com

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.

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$14.44
-5.52% 1Y

Market & Price

Market Cap
$535.33M
Current Price
$14.44
High / Low (52W)
$17.32 / $10.04
Beta
1.47

Valuation

Stock P/E
7.98
Industry PE
32.74
Forward P/E
11.01
PEG Ratio
0.99
Book Value
$7.36
Price to Book
1.96
P/S
2.18
EV/EBITDA
8.30
Dividend Yield
3.60%

Profitability & Returns

ROCE
17.69%
ROE
27.81%
ROA
8.43%
Profit Margin
28.47%
Op Margin
22.90%
EPS (Latest Qtr)
$0.30
EPS (TTM)
$1.81

Balance Sheet & Liquidity

Debt/Equity
2.92
Quick Ratio
0.98
Current Ratio
1.25
Debt
$7.96M
Total Assets
$397.70M
Current Assets
$172.21M
Working Capital
$57.64M

Ownership

Promoter Holding
2.04%
Chg in Prom Hold
-
FII / Inst Holding
94.41%
Chg in FII Hold
0.04%

Financial Snapshot

Enterprise Value
$493.53M
Total Revenue (TTM)
$245.76M
EBITDA
$59.45M
Free Cash Flow
$44.07M
Operating Cash Flow
$58.26M
Shares Outstanding
37.07M
Gross Margin
73.88%
Payout Ratio
27.07%

Growth (CAGR)

Revenue 5Y
3.55%
Profit 5Y
201.70%
Revenue (YoY)
4.10%
Earnings (YoY)
-18.90%

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

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv 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%
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Quarterly Results

Figures in USD.

Metric Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----------------------------55.73M58.84M-64.84M60.92M56.24M-63.37M59.84M57.06M62.91M65.95M
Cost of Revenue -----------------------------------16.27M15.88M15.05M16.62M17.43M
Gross Profit 36.55M30.05M31.95M29.91M32.05M36.65M35.91M34.70M35.98M34.54M42.25M31.06M38.29M53.02M49.16M39.27M35.62M34.95M38.22M34.24M34.83M36.40M37.47M36.68M35.51M38.43M37.95M39.29M34.29M40.67M43.47M47.40M40.34M41.55M-47.09M43.97M42.00M46.29M48.51M
Operating Expenses -----------------------------------29.49M33.41M33.08M33.30M33.41M
Operating Income 3.39M912.00K2.19M302.00K-400.00K5.11M1.18M1.65M-2.61M-3.11M4.10M-6.04M-2.28M17.09M5.42M825.00K-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-4.79M1.82M14.11M7.64M11.25M-17.60M10.55M8.92M12.99M15.10M
EBITDA -----------------------------------19.73M13.01M11.49M15.91M18.23M
Interest Expense ----------------------------------------
Pretax Income -----------------------------------17.86M10.57M8.41M12.52M14.41M
Tax Provision -----------------------------------3.36M2.23M1.89M-31.02M2.85M
Net Income 2.83M478.00K5.01M573.00K110.00K2.75M-25.84M1.79M-1.00M-908.00K3.96M-6.06M-2.51M11.85M4.58M4.00K-2.02M-1.68M-1.76M-9.15M-6.68M-975.00K-13.77M5.21M-9.35M-7.20M-3.10M-8.36M-17.75M-4.13M441.00K13.47M6.55M8.27M-14.51M8.34M6.51M43.54M11.56M
Diluted EPS 0.070.010.130.010.000.07-0.650.04-0.03-0.020.10-0.15-0.060.300.110.00-0.05-0.04-0.040.23-0.17-0.02-0.360.13-0.23-0.18-0.08-0.21-0.44-0.100.010.350.170.21-0.370.210.171.130.30
R&D Expense 6.24M5.81M-5.86M6.32M5.49M-5.80M8.02M8.99M-10.49M11.98M9.96M-9.99M10.54M10.64M-12.24M12.10M11.36M-12.10M11.96M9.54M-9.46M10.09M10.13M-8.26M8.34M7.53M-7.93M9.44M8.80M-9.08M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------------219.01M235.11M243.18M243.18M
Cost of Revenue -------------70.44M77.39M68.60M63.83M
Gross Profit 71.16M75.97M108.11M99.56M99.87M125.64M143.54M130.66M134.51M146.52M167.84M148.06M-148.57M157.72M174.58M179.35M
Operating Expenses -------------162.38M169.28M125.33M129.28M
Operating Income 12.64M12.39M24.77M21.03M13.71M38.09M50.45M9.60M6.19M-920.00K14.19M-5.26M--13.80M-11.56M49.25M50.07M
EBITDA --------------6.74M-5.08M57.61M60.14M
Interest Expense -----------------
Pretax Income --------------11.69M-27.31M46.49M49.36M
Tax Provision -------------2.74M2.49M-10.60M-23.54M
Net Income 11.86M10.81M18.13M15.60M11.15M33.48M42.15M10.51M-22.40M3.04M7.86M-5.46M--14.43M-29.80M57.08M72.90M
Diluted EPS 0.310.280.470.400.280.851.060.27-0.560.080.20-0.14--0.36-0.741.461.88
R&D Expense 11.58M13.57M18.64M18.79M21.32M18.55M17.46M23.21M23.12M32.20M42.46M41.19M47.41M41.73M38.42M32.42M34.16M

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 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --142.94M168.92M186.51M211.88M251.34M311.82M327.27M337.62M352.83M382.54M375.20M-335.08M289.19M338.73M397.70M
Current Assets --------------198.39M146.34M174.89M172.21M
Cash & Equivalents 57.71M67.60M85.53M84.50M106.47M98.61M72.44M78.52M49.34M78.66M76.71M84.28M88.39M-96.17M43.00M83.16M70.50M
Inventory --------------12.05M15.55M10.79M10.47M
Receivables --------------65.13M64.39M56.23M56.00M
Total Liabilities --26.45M33.12M30.19M37.60M45.47M63.77M74.11M99.69M100.39M120.25M117.86M-131.77M130.05M126.20M125.86M
Current Liabilities --25.77M31.17M29.95M37.11M45.20M55.69M67.96M66.15M72.36M73.81M75.30M-110.81M114.83M110.28M114.57M
Long Term Debt ------------------
Total Debt --------------8.44M6.82M6.93M6.14M
Total Equity 95.28M108.38M116.49M135.80M156.32M174.28M205.87M248.05M253.16M237.93M251.64M262.29M257.34M-203.31M159.14M212.53M271.84M
Shares Outstanding --------------40.76M41.24M41.78M42.09M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow ------68.79M28.41M17.63M1.23M18.24M14.92M--5.76M-10.73M55.67M59.45M
Investing Cash Flow -------55.96M-56.50M12.80M194.00K-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 ------67.43M26.37M14.54M-2.46M10.79M11.82M--10.78M-23.28M46.36M50.41M
Net Change in Cash -------------33.52M-54.84M41.12M-14.55M
Share Buybacks -----------5.03M7.47M5.72M29.16M3.00K13.14M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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

Insiders
2.04%
Institutions
94.41%
Public Float
96.38%

Top Institutional Holders

#Holder% HeldSharesValue
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

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