OneSpan Inc. (OSPN) Stock Price & Analysis
OneSpan Inc. (OSPN) is trading at USD 19.84, down 1.20% today, as of October 29, 2026 at 14:10 UTC (US market open; quotes may be delayed), according to Nexqual market data.
OSPN last closed at USD 20.08; today's session has ranged USD 19.04–20.16 on volume of 82,903 shares. Market capitalization is $731.15M, with a 52-week range of USD 10.07–20.82 (NCM). Source: Nexqual, retrieved October 29, 2026 at 14:10 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OSPN.md
Key facts (OSPN)
- Last four reported quarters (through Jun 30, 2026): revenue $246M, net income $68.4M (27.8% margin), free cash flow $40.2M (SEC filings).
- Valuation: P/E 10.7x (avg 9.8x at the last 2 fiscal year-ends).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $289K; 1 not under a Rule 10b5-1 plan ($289K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.75 on a 1–5 scale) (4 analysts), mean target USD 18 (range 16–22).
- Total return with dividends: 1Y +36.3% vs S&P 500 +13.1%; 5Y +3.5% vs S&P 500 +79.1%.
- Next earnings: 2026-10-29, EPS estimate USD 0.24, revenue estimate $57.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OSPN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $214M | $219M | $235M | $243M | $243M | $246M |
| Gross profit | $143M | $149M | $158M | $175M | $179M | — |
| Operating income | -$26.1M | -$27.1M | -$28.9M | $44.8M | $48.4M | $44.3M |
| Net income | -$30.6M | -$14.4M | -$29.8M | $57.1M | $72.9M | $68.4M |
| EPS (diluted) | -$0.77 | -$0.36 | -$0.74 | $1.46 | $1.88 | — |
| Free cash flow | -$4.9M | -$10.8M | -$23.2M | $46.4M | $50.5M | $40.2M |
| Gross margin | 66.6% | 67.8% | 67.1% | 71.8% | 73.8% | — |
| Operating margin | -12.2% | -12.4% | -12.3% | 18.4% | 19.9% | 18.0% |
| Net margin | -14.3% | -6.6% | -12.7% | 23.5% | 30.0% | 27.8% |
| Revenue growth | -0.6% | +2.1% | +7.4% | +3.4% | +0.0% | — |
| Cash + short-term investments | $63.4M | $96.2M | $43.0M | $83.2M | $70.5M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (OSPN)
P/E 10.7x · P/S 3.0x · P/FCF 18.2x · P/B 2.7x · FCF yield 5.49% · Earnings yield 9.36% · Dividend yield (paid, TTM) 2.61% · Buyback yield (TTM) 2.93%
P/E at fiscal year-ends: Dec 2025 6.8x, Dec 2024 12.7x.
Insider sales (SEC Form 4, open-market, last ~7 months) (OSPN)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-16 | Martell Jorge Garcia | Chief Financial Officer | 20,000 | $289K | 18% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (OSPN)
Consensus Hold (mean 2.75 on a 1–5 scale), 4 analysts; mean target USD 18 (low 16, high 22).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-27 | Rosenblatt | Downgrade | Buy → Neutral | $18 |
| 2026-08-05 | DA Davidson | Target raised | Neutral | $14 → $16 |
| 2026-08-05 | Rosenblatt | Target raised | Buy | $16 → $18 |
Total return (dividends reinvested) (OSPN)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +36.3% | +3.5% |
| S&P 500 (SPY) | +13.1% | +79.1% |
| Per year | +36.3% | +0.7% |
| Volatility (annualized) | 47.9% | 48.6% |
| Max drawdown | -33.1% (Oct 2025→Mar 2026) | -63.5% (Nov 2021→Oct 2023) |
OSPN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | $0.30 | $0.23 | Beat +30.4% | +2.7% |
| Aug 5, 2025 | — | — | — | — | -4.9% |
| May 1, 2025 | — | — | — | — | +1.2% |
| Feb 27, 2025 | — | — | — | — | -3.4% |
| Oct 30, 2024 | — | — | — | — | +11.9% |
| Aug 1, 2024 | — | — | — | — | -1.9% |
| May 2, 2024 | — | — | — | — | +13.5% |
| Mar 6, 2024 | — | — | — | — | +24.5% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
OSPN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 8, 2026 | Schedule 13G | Dimensional Fund Advisors LP: 5.2% of shares, passive 5%+ holder |
| Aug 6, 2026 | Schedule 13G/A | BlackRock, Inc.: 10.1% of shares, passive 5%+ holder (amended) |
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 4, 2026 | 8-K | Quarterly results |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
OSPN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Salesforce (CRM) | “For example, the recent Salesloft, Inc. Drift data breach impacted hundreds of Salesforce.com customers worldwide.” |
| Customer | Amazon (AMZN) | “Although we expect that we could receive similar services from other third parties, if any of our arrangements with AWS or other third-party hosting providers are terminated, we could experience interruptions on our platform and in our ability to make our platform available to customers, as well as downtime, delays and additional expenses in arranging alternative cloud infrastructure services.” |
| Partner | ThreatFabric Holding | “•In October 2025, we announced a strategic investment in, and partnership with, ThreatFabric Holding B.V., a Dutch company that provides mobile threat intelligence, malware risk detection, and behavioral analytics, to further enhance the value we offer to our customers.” |
| Competitor | Adobe (ADBE) | “Our primary competitors for electronic signature solutions are Docusign and Adobe Systems.” |
Quoted from the company's 10-K filed Feb 26, 2026.
OSPN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.24 | $0.29 | -18.6% | $57.4M | 5 |
| Next quarter (ends Dec 2026) | $0.32 | $0.31 | +0.6% | $66.4M | 5 |
| Current fiscal year (ends Dec 2026) | $1.24 | $1.22 | +2.3% | $250.2M | 5 |
| Next fiscal year (ends Dec 2027) | $1.30 | $1.31 | -0.6% | $256.1M | 5 |
OSPN options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 0.0% | ±13.4% |
| Dec 18, 2026 | 50 | 0.0% | ±16.0% |
30-day implied volatility 0% vs 33.4% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 14:10 UTC)
| Price | USD 19.84 |
|---|---|
| Change | ▼ 1.20% (down) |
| Previous Close | USD 20.08 |
| Open | USD 19.7 |
| Day Range | USD 19.04 – 20.16 |
| 52-Week Range | USD 10.07 – 20.82 |
| Volume | 82,903 shares |
| Market Cap | $731.15M |
| Exchange | NCM |
Technical Analysis (OSPN)
Nexqual's technical model rates OSPN "STRONG BUY" based on 5 bullish and 0 bearish signals across 128 daily candles, as of October 29, 2026 at 14:10 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 63.29 (neutral) |
| vs SMA50 | Above (USD 17.6) |
| MACD | 0.71 (positive) |
Analyst Ratings (OSPN)
Wall Street analysts rate OSPN "Hold" based on 4 analysts, with a mean price target of USD 18 (range USD 16–22), per Nexqual as of October 29, 2026 at 14:10 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 18 |
| High Target | USD 22 |
| Low Target | USD 16 |
| Buy / Hold / Sell | 1 / 3 / 0 |
Earnings (OSPN)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.24 |
| Revenue Estimate | $57.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.3 vs est 0.23 ▲ beat |
| 2026-03-31 | USD 0.39 vs est 0.35 ▲ beat |
| 2025-12-31 | USD 0.36 vs est 0.29 ▲ beat |
| 2025-09-30 | USD 0.33 vs est 0.29 ▲ beat |
Source: Nexqual, October 29, 2026 at 14:10 UTC.
Financials & Fundamentals (OSPN)
| Total Revenue | $246.38M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.00% |
| Gross Margin | +73.88% |
| Operating Margin | +14.51% |
| Profit Margin | +27.76% |
| ROE | +26.51% |
| Debt / Equity | 0.05 |
| Current Ratio | 1.33 |
| Total Cash | $43.34M |
| Total Debt | $12.42M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $40.17M (16.3% of revenue) |
Source: Nexqual, October 29, 2026 at 14:10 UTC.
Financial Health Score (OSPN)
Nexqual rates OneSpan Inc.'s overall financial health "Strong" across five dimensions, as of October 29, 2026 at 14:10 UTC.
| Growth | Mixed — Revenue +0.0% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 74%, operating 18% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $43M cash vs $12M debt, net cash position |
| Cash Flow | Strong — FCF $40M (last 4 quarters to Jun 2026, SEC), 16% margin |
| Efficiency | Strong — ROE 25%, ROA 17.7% (last 4 quarters, SEC) |
Ownership (OSPN)
| Insider Ownership | +2.03% |
|---|---|
| Institutional Ownership | +102.59% |
| Shares Outstanding | 36.85M |
| Float | 36.12M |
| Short % of Float | +10.66% |
Source: Nexqual, October 29, 2026 at 14:10 UTC.
Leadership (OSPN)
OneSpan Inc. is led by Victor T. Limongelli, CEO & President, per Nexqual as of October 29, 2026 at 14:10 UTC.
| CEO & President | Victor T. Limongelli |
|---|---|
| CFO & Treasurer | Jorge A. Garcia Martell |
| Chief Technology Officer | Ashish Jain |
| Vice President of Investor Relations | Joseph A. Maxa P.E. |
| Chief Strategy Officer | Giovanni Verhaeghe |
Major Backers & Investors (OSPN)
Notable institutional backers of OneSpan Inc. include Neuberger Berman Group, LLC, LSV Asset Management, Acadian Asset Management. LLC, according to Nexqual as of October 29, 2026 at 14:10 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Neuberger Berman Group, LLC | 4.83% |
| LSV Asset Management | 4.08% |
| Acadian Asset Management. LLC | 3.69% |
| Arrowstreet Capital, Limited Partnership | 3.69% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 2.78% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.27% |
| Vanguard Group | 8.02% |
| Legal & General Group PLC | 5.91% |
| Dimensional Fund Advisors | 4.69% |
| State Street | 3.69% |
Source: Nexqual, October 29, 2026 at 14:10 UTC.
From OneSpan Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- The solution is also available in a Federal Risk and Authorization Management Program ("FedRAMP") SaaS-level compliant cloud, allowing U.S. government agencies to implement e- signatures in the cloud and meet General Services Administration ("GSA") security requirements.
- OneSpan Integration Platform is a modern pre-built platform that enables organizations to easily embed e-signatures powered by OneSpan Sign into well-known applications such as Salesforce, SharePoint, and Guidewire.
- We hold patents which cover multiple aspects of our technology in the U.S., Europe, Japan, China, Hong Kong and other countries.
Partnerships
- Digital Agreements consists of solutions that enable our clients to secure and automate business processes associated with their digital agreement and customer transaction lifecycles that require consent, non-repudiation and compliance.
Legal & Regulatory Risks (Item 1A, quoted)
- We use open-source software in our products, which could subject us to litigation or other actions.
- We employ cryptographic technology in our authentication products. If the codes used in our cryptographic technology are eventually broken or become subject to additional government regulation, our technology and products may become less effective, which would have a material adverse effect on our business.
- We are subject to numerous laws, regulations and customer and product certification requirements governing the design, production, distribution, sale and use of our products. Any failure to comply with these laws, regulations and requirements could result in unanticipated costs and other negative impacts, and could have a materially adverse effect on our business, results of operations, and financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PAY | Paymentus Holdings, Inc. | USD 32.41 | ▲ 2.5% |
| BLSH | Bullish | USD 28.55 | ▼ 0.63% |
| CORZ | Core Scientific, Inc. | USD 14.49 | ▼ 3.43% |
| RELY | Remitly Global, Inc. | USD 24.5 | ▲ 0.95% |
| BB | BlackBerry Limited | USD 9.31 | ▼ 1.01% |
| ACIW | ACI Worldwide, Inc. | USD 55.34 | ▲ 0.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 14:10 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt