OSPNNasdaqServices-Computer Integrated Systems DesignUS GAAP · USD

OneSpan Inc.

OneSpan Inc. develops software and hardware for secure digital identity, authentication, and agreement workflows. The company serves enterprises worldwide through two reportable segments, Cybersecurity and Digital Agreements, with products delivered through subscription licenses, cloud services, and on-premises deployments.

Kysy yhtiöstä
Liikevaihto243milj. USD
+0,0 %v/v
Liikevoitto (EBIT)48,4milj. USD
+8,1 %v/v
EBIT-marginaali19,9%
+1,5 %-yks.v/v
Nettotulos72,9milj. USD
+27,7 %v/v
Vapaa kassavirta50,5milj. USD
+8,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300milj. USD2020: 216 milj. USD2020: EBIT −5,3 milj. USD20202021: 214 milj. USD2021: EBIT −26 milj. USD20212022: 219 milj. USD2022: EBIT −27 milj. USD20222023: 235 milj. USD2023: EBIT −29 milj. USD20232024: 243 milj. USD2024: EBIT 45 milj. USD20242025: 243 milj. USD2025: EBIT 48 milj. USD202524348
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Cybersecurity55 %

Authentication, identity, mobile app protection, and fraud prevention solutions.

Digital Agreements45 %

E-signature, identity verification, and digital workflow tools for agreements.

Tuotteet

Raportoitu · osuus liikevaihdosta
64,2%20,2%14,3%FY2025100 %
  • Subscription64,2 %
  • Hardware Products20,2 %
  • Maintenance Support and Other14,3 %
  • Professional Services and Other1,3 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

OneSpan sells primarily to enterprises that need secure access, identity assurance, and compliant digital transaction workflows. Its largest end markets include banking and financial services, with additional use cases in healthcare, government, and other regulated industries. The company sells through direct sales and channel partners, which supports both large global accounts and broader market reach.

Global banks and financial institutions

Buy authentication, fraud prevention, and digital agreement tools to secure customer access and transactions.

Regulated enterprises

Use secure e-signatures, identity verification, and workflow tools to meet compliance and audit needs.

Healthcare and government organizations

Adopt secure digital workflows and identity controls for sensitive records and regulated processes.

Channel partners and OEMs

Distribute or embed OneSpan technology into broader security and workflow offerings.

Strategia

OneSpan’s strategy centers on subscription-based security and digital agreement software, with cloud delivery increasingly important to the model. The company also uses channel partners and OEM relationships to extend distribution while serving regulated customers that value trust, compliance, and integration flexibility. Product breadth across authentication, identity, and agreement workflows helps it cross-sell into existing enterprise accounts.

Grow subscription and cloud adoptionLyhyt aikaväli

Recurring software delivery improves customer stickiness and broadens deployment flexibility.

Strengthen authentication capabilitiesKeskipitkä aikaväli

Authentication is central to the security portfolio and supports passwordless use cases.

Deepen penetration in regulated industriesKeskipitkä aikaväli

Banks and other regulated buyers need secure, compliant digital transactions and identity controls.

Maintain multi-channel distributionPitkä aikaväli

Direct and partner channels expand reach across enterprise and regional markets.

Maantiede

Q1/2026

OneSpan sells globally and classifies revenue across EMEA, the Americas, and APAC. EMEA is the largest region in the disclosed interim data, while the Americas and APAC provide broad international diversification across customer locations. The company also maintains a substantial operating footprint in Europe, alongside teams in the Americas and Asia Pacific.

EMEA43 %
Americas38 %
Asia Pacific19 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

OneSpan faces intense competition in authentication, identity, and e-signature software, where larger rivals and niche specialists can pressure pricing and innovation. Its revenue is concentrated among a limited number of customers and is exposed to regulatory change, cybersecurity incidents, and integration risk from acquisitions and third-party dependencies. The mix of hardware, subscriptions, and services also creates timing and transition risk as the business shifts toward cloud and term-based models.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Intense competition1Cybersecurity and product security incidents2Customer concentration3Regulatory and compliance exposure4Acquisition integration risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Intense competitionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company competes with larger vendors in e-signature and authentication, plus niche security providers.

    Kohdistuu: Authentication and digital agreements markets

  2. Cybersecurity and product security incidentsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A breach or product failure could impair customer trust and trigger legal or reputational damage.

    KohdistuuCloud servicesInternal systemsCustomer-facing security products
  3. Customer concentrationVaikutus: KorkeaTodennäköisyys: Matala

    A limited number of customers contribute a meaningful share of revenue, so account loss would be material.

    Kohdistuu: Top 10 customers were 18% of revenue in 2025

  4. Regulatory and compliance exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Customers in banking, healthcare, and government operate under evolving privacy and security rules.

    Kohdistuu: EU and other global regulatory regimes

  5. Acquisition integration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Purchased technologies must be integrated successfully to realize product and revenue benefits.

    Kohdistuu: Nok Nok Labs and other strategic transactions

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Different contract types create different recognition timing and make period comparisons less straightforward.

Vaikutus: Affects reported revenue mix and quarterly comparability

Seasonality and order timing

Revenue is influenced by shipment timing and renewal cycles, especially in transactional hardware and licensing.

Vaikutus: Can create quarter-to-quarter volatility

Goodwill and intangible asset impairment

Acquisition-related assets must be tested against future cash flow assumptions.

Vaikutus: Could create significant non-cash charges

Purchase obligations and operating leases

Software and office commitments affect future cash outflows and fixed-cost visibility.

Vaikutus: Influences liquidity and contractual obligations disclosure

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Päivitetty: 24.9.2026