OneSpan Inc. (OSPN) Earnings
OneSpan Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.25. OSPN has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +15.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.36 | $0.39 | +8.3% | $66M | +5.7% |
| Oct 30, 2025 | $0.28 | $0.33 | +17.9% | $57M | -4.6% |
| May 1, 2025 | $0.31 | $0.45 | +45.2% | $63M | +1.3% |
| Feb 27, 2025 | $0.27 | $0.24 | -11.1% | $61M | +4.8% |
| Oct 30, 2024 | $0.21 | $0.33 | +57.1% | $56M | -3.3% |
| Aug 1, 2024 | $0.19 | $0.31 | +63.2% | $61M | +3.5% |
| May 2, 2024 | $0.17 | $0.43 | +152.9% | $65M | +15.2% |
| Mar 6, 2024 | $0.03 | $0.19 | +484.6% | $63M | +8.0% |
| May 4, 2023 | $-0.09 | $-0.09 | +0.0% | $58M | +6.4% |
| Feb 28, 2023 | $-0.10 | $0.03 | +130.0% | $57M | +6.4% |
| Nov 1, 2022 | $-0.12 | $0.03 | +125.0% | $57M | +8.6% |
| Aug 2, 2022 | $-0.14 | $-0.10 | +28.6% | $53M | +3.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Acquisitions: Completed acquisition of Build 38 which enhances mobile application security offering; acquisition of Knock Knock Labs has led to ARR increase of about 20% in less than 10 months since closing. - R&D: Investing in internal R&D, including in digital agreements business to integrate AI - driven capabilities. - Revenue composition: Subscription revenue now includes term maintenance revenue; hardware now comprises only 16% of overall revenue. - Geographic revenue: Q1 2026 revenue was 43% for EMEA, 38% from Americas, 19% from Asia Pacific.
Guidance
- Affirming full year 2026 guidance for revenue and adjusted EBITDA. - Raising guidance for ARR. - Expecting total revenue in range of $244 - $249 million for 2026, software and services revenue in range of $201 - $204 million, hardware revenue in range of $43 - $45 million, ARR in range of $194 - $198 million, and adjusted EBITDA in range of $64 - $68 million. - Anticipating second quarter ARR headwind of approximately $3 million from two contracts not expected to renew.
Segment performance
Cybersecurity: ARR grew 16.5% year over year to $124.6 million in Q1. Revenue increased 1.7% to $48.5 million. Subscription revenue grew 6.6% to $35.3 million. Hardware revenue declined 4.3%. Gross margin was 74% compared to 76% in prior year quarter. Operating income was $20.8 million, or 43% of revenue. Digital agreements: ARR grew 9.9% year over year to $67.5 million. Revenue grew 11.2% to $17.4 million. Growth margin improved to 72.5% from 70.3% in prior year period. Operating income was $5.3 million, or 30.4% of revenue.
Risks & headwinds
- Forward - looking statements involve risks and uncertainties as actual results could differ materially. - Secular shift away from consumer banking hardware tokens could impact business. - Middle East situation could potentially impact business, though Gulf region is a small part of revenue.
Analyst Q&A
Q: When will we start to realize returns from operations in 2026 and when can we anticipate acceleration in top line and when will we get back to rule of 40?
A: Progress has been made on Rule of 40 metrics, but no exact date for reaching 40. Progress seen in ARR and subscription growth.
Q: What was the knock - knock ARR and O38 ARR as of end of Q1 and impact of Middle East conflict?
A: Novnost ARR was $9.7 million, Bill 38 ARR was $2.8 million. Gulf region is 4% of revenue, EMEA is a smaller portion, optimistic about EMEA and cautiously watching Middle East.
Q: Where is strongest pull with Knock Knock within installed base and upsell opportunity?
A: Strongest in North America with Japan strength, opportunity for upsell as passwordless becomes more prevalent.
Q: Main purpose of Build 38 acquisition?
A: Broadens the offering, SDK - based implementation enables telemetry and broader cybersecurity solution.
Q: Size of shortfall from non - renewing contracts in second quarter and confidence in raising ARR guidance?
A: One account is about $2 million, confidence from growth seen so far, pipeline, and seasonality with more business closed in Q4.
Q: Number of FIDO2 customers buying both Knock Knock backend software and tokens and synergistic sale?
A: Not too many currently, opportunity to cross - sell, knock - knock offering has advantages like device - bound keys.
Q: Plan for hardware over next 12 months?
A: Consumer banking tokens expected to continue decline, FIDO2 security piece could offset decline if grown, focus on growing subscription and ARR