OneSpan beats Q4 revenue, profit estimates

Overview

• Digital security firm's Q4 revenue grew 3%, beating analysts' expectations

• Adjusted net income for Q4 beat analysts' expectations

• Company repurchased 560,000 shares for $6.8 mln

Outlook

• OneSpan expects full-year 2026 total revenue between $244 mln and $249 mln

• Company anticipates 2026 ARR between $192 mln and $196 mln

• OneSpan projects 2026 adjusted EBITDA between $64 mln and $68 mln

Result Drivers

• SUBSCRIPTION REVENUE - Q4 subscription revenue grew 7% year-over-year to $38.6 mln, contributing to overall revenue growth

• DIGITAL AGREEMENTS GROWTH - Digital Agreements revenue increased 11% year-over-year to $17.5 mln, supporting total revenue growth

• ACQUISITION IMPACT - Financial results include contributions from the acquisition of Nok Nok Labs, which closed on June 4, 2025

Company press release: ID:nBw7P4yrWa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for OneSpan Inc is $15.50, about 39.1% above its February 25 closing price of $11.14

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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