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

Onespan (NASDAQ:OSPN) announced its quarterly earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03, FiscalAI reports. The company had revenue of $65.95 million during the quarter, compared to analysts’ expectations of $62.40 million. Onespan had a return on equity of 18.41% and a net margin of 28.47%.

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 Performance

Shares of NASDAQ:OSPN traded down $0.04 during trading on Friday, reaching $11.54. The stock had a trading volume of 1,176,007 shares, compared to its average volume of 417,479. The business has a fifty day moving average price of $10.90 and a 200-day moving average price of $12.09. The stock has a market cap of $427.80 million, a PE ratio of 6.14, a PEG ratio of 1.06 and a beta of 1.47. Onespan has a 1-year low of $10.07 and a 1-year high of $18.13.

Onespan Announces Dividend

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

Insider Activity

In other news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction that occurred 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 directly owned 110,218 shares of the company’s stock, valued at $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Onespan

A number of institutional investors have recently made changes to their positions in OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after acquiring an additional 900 shares during the last quarter. Comerica Bank boosted its stake in shares of Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Onespan in the fourth quarter worth approximately $50,000. Advisors Asset Management Inc. boosted its stake in shares of Onespan by 12,342.3% in the fourth quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock worth $83,000 after acquiring an additional 6,418 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Onespan by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after acquiring an additional 3,816 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

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.

Wall Street Analyst Weigh In

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

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.