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OneSpan OSPN Subscription — Revenue

Other product segments

Hardware products
$12.1M
Perpetual maintenance and services
$2.69M

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Other financials

Income statement

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Revenue$65.9M+4.1%
Gross profit$48.5M+3.0%
Operating income$14.8M-13.8%
Net income$11.6M-20.3%
EPS (diluted)$0.30-18.9%

Balance sheet

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Cash & equivalents$49.8M-52.8%
Total debt$8.0M-10.7%
Total equity$272.0M+17.7%
Total assets$383.1M+14.8%

Cash flow

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Operating cash flow$28.2M-4.1%
CapEx$3.1M+91.9%
Free cash flow$25.1M-9.7%

Valuation

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Market cap$501.6M-14.2%
Enterprise value$459.8M-5.9%
P/E7.2×-2.9×
P/S-0.4×

Profitability

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Gross margin73.6%+1.5pp
Operating margin18.8%-1.1pp
Net margin28.5%+4.4pp
FCF margin19.5%-1.3pp

Returns & leverage

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Return on equity27.8%-1.1pp
Debt / equity0.0×
Current ratio1.3×-0.7×

Where this comes from

Reported directly by OneSpan in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: OneSpan’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OneSpan's subscription — revenue?
OneSpan (OSPN) reported subscription — revenue of $52.67M in Q1 2026.
How has OneSpan's subscription — revenue changed year-over-year?
OneSpan's subscription — revenue increased by 8.2% year-over-year, from $48.69M to $52.67M.
What is the long-term trend for OneSpan's subscription — revenue?
Over 3 years (2022 to 2025), OneSpan's subscription — revenue has grown at a 21.8% compound annual growth rate (CAGR), from $89.15M to $161.2M.
What does subscription — revenue mean?
This metric represents the recurring revenue generated from software-as-a-service and subscription-based security solutions. It reflects the company's ability to transition from legacy hardware or perpetual licensing models toward predictable, recurring income streams. Growth in this area indicates successful adoption of cloud-based authentication and anti-fraud platforms by enterprise customers.