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OneSpan Inc.

Data quality: 100%
OSPN
NASDAQ Services Business Services
$11.18
▲ $0.25 (2.29%)
6 months return
Momentum
Neutral
1Y earnings growth
27.72%

Growth

Revenue Growth (5Y)
N/A
Revenue (1Y)0.00%
Earnings (1Y)27.72%
FCF Growth (3Y)N/A

Quality

Return on Equity
30.32%
Above sector avg (-15.97%)
ROIC18.81%
Net Margin29.98%
Op. Margin19.92%

Safety

Debt / Equity
N/A
Current Ratio1.75
Interest CoverageN/A

Valuation

PE (TTM|NTM|2027)
5.62 | 8.03 | 8.17
Above sector avg (-1.17)
P/B Ratio1.72
EV/EBITDA5.54
Dividend Yield4.55%

Quick Summary

Key Takeaways

Short bullets derived from reported financials—not the AI summary above.

Earnings grew 27.72% over the past year
ROE of 30.32% indicates high profitability
Net margin of 29.98% shows strong profitability
Generating 50.50 M in free cash flow
P/E of 5.62 — trading at a low valuation
Capital efficient — spends only 3.68% of revenue on capex

Price History

Financial Trends

Analyst Price Target

4 analysts
Buy
+45.3%
upside to target
Current
$11.18
Consensus Target
$16.25
$12.00
Low
$22.00
High
Forecast
Forward P/E
8.03
Forward EPS
$1.32
EPS Growth (est.)
+8.6%
Est. Revenue
253.84 M

Earnings Surprises

EPS
Reported Estimate Forecast
Next: Q1 2026 · EPS Est: $0.35 · Rev Est: 62.40 M
Q12025 Q22025 Q32025 Q42025 Q1 '26 Q2 '26
Reported $0.45 $0.34 $0.33 $0.36
Estimate $0.33 $0.29 $0.29 $0.29 $0.35 $0.25
Surprise +38.46% +16.24% +14.58% +22.45%

Growth

Rev 5Y: N/A · Earnings 1Y: 27.72%
Revenue Growth (1Y) 0.00% Revenue Growth (3Y) N/A
Earnings Growth (1Y) 27.72% Earnings Growth (3Y) N/A
Revenue Growth (5Y) N/A Earnings Growth (5Y) N/A

Profitability

ROE: 30.32% · Net Margin: 29.98%
Revenue (TTM) 243.18 M Net Income (TTM) 72.90 M
ROE 30.32% ROA 20.81%
Gross Margin 73.75% Operating Margin 19.92%
Net Margin 29.98% Free Cash Flow (TTM) 50.50 M
ROIC 18.81% FCF Growth (3Y) N/A

Safety

D/E: N/A · Current: 1.75
Debt / Equity N/A Current Ratio 1.75
Interest Coverage N/A Asset Turnover 0.69
Working Capital 67.50 M Tangible Book Value 126.05 M

Dividends

Yield: 4.55% · Payout: 26.06%
Dividend Yield 4.55% Payout Ratio 26.06%
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years 1 yrs

Valuation

P/E: 5.62 · EV/EBITDA: 5.54
P/E Ratio 5.62 Forward P/E 8.03
P/B Ratio 1.72 P/S Ratio 1.69
PEG Ratio N/A Forward PEG 0.94
EV/EBITDA 5.54 Fwd EV/EBITDA N/A
Forward P/S 1.61 Fwd Earnings Yield 12.45%
FCF Yield 12.32%
Market Cap 409.93 M Enterprise Value 324.38 M

Per Share

EPS: 1.88 · FCF/Share: 1.33
EPS (Diluted TTM) 1.88 Revenue / Share 6.39
FCF / Share 1.33 OCF / Share 1.56
EPS CAGR (1Y) 28.77% EPS CAGR (5Y) N/A
EPS CAGR (10Y) 24.06%

Efficiency

FCF Conv: 69.26% · CapEx/Rev: 3.68%
CapEx / Revenue 3.68% FCF Conversion 69.26%
SBC-Adj. FCF 38.23 M Growth Momentum N/A

Income Statement

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 243.18 M 243.18 M
Net Income 72.90 M 57.08 M -29.80 M -14.43 M -30.58 M
EPS (Diluted) 1.88 1.46 -0.74 -0.36 -0.77
Gross Profit 179.35 M 174.58 M 157.72 M 148.57 M 142.94 M
Operating Income 48.45 M 44.81 M -28.87 M -27.12 M -26.13 M
EBITDA
R&D Expenses 34.16 M 32.42 M 38.42 M 41.74 M 47.41 M
SG&A Expenses
D&A 10.07 M 8.36 M 6.48 M 7.07 M 8.93 M
Interest Expense
Income Tax -23.54 M -10.60 M 2.49 M 2.74 M 4.44 M

Balance Sheet

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 397.70 M 338.73 M 289.19 M 335.08 M 342.27 M
Total Liabilities 125.86 M 126.20 M 130.05 M 131.77 M 122.49 M
Shareholders' Equity 271.84 M 212.53 M 159.14 M 203.31 M 219.78 M
Total Debt
Cash & Equivalents 70.50 M 83.16 M 42.49 M 96.50 M 63.38 M
Current Assets 172.21 M 175.07 M 146.34 M 197.54 M 187.09 M
Current Liabilities 114.57 M 110.28 M 114.83 M 110.81 M 89.08 M

Peer Comparison

vs Services sector median (615 peers)
Metric Stock Sector Median
P/E 5.6 -1.2
P/B 1.7 1.4
ROE % 30.3 -16.0
Net Margin % 30.0 -18.7
Rev Growth 5Y % 4.0
D/E 0.4

ETFs Holding This Stock

WCBR logo WCBR WisdomTree Cybersecurity Fund
1.50% weight
SPAM logo SPAM Themes Cybersecurity ETF
1.03% weight
PSWD logo PSWD Xtrackers Cybersecurity Select Equity ETF
0.56% weight
TSVAX TSVAX
0.55% weight
TSVRX TSVRX
0.55% weight
TASVX TASVX
0.55% weight
TSVQX TSVQX
0.55% weight
TRACX TRACX
0.55% weight
PSVDX PSVDX
0.55% weight
PSVKX PSVKX
0.55% weight

Dividend History

Yield

4.55%

Payout ratio

26.06%

Growth (3Y)

N/A

Growth (5Y)

N/A

Recent per-share payments (most recent first).

Ex-dividend Payment Amount / share
Mar 13, 2026 $0.13
Nov 14, 2025 $0.12
Aug 15, 2025 $0.12
May 16, 2025 $0.12
Jan 31, 2025 $0.12

Strategy Scores

2 strategies matched
Dividend High Yield Value
#197 of 240
34

Recent Activity

Entered High Yield Value
Apr 12, 2026
Entered Contrarian Investing (David Dreman)
Apr 12, 2026