OneSpan Inc. 2026: Revenue $60.47M, EPS $0.18— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.OneSpan Inc. reported Q2 2026 revenue of $60.47M, up 1% YoY, while net income fell 18.7% to $6.78M and diluted EPS dropped to $0.18. Growth was driven by a 25% rise in Digital Agreements subscriptions and a 2% increase in Cybersecurity subscriptions. The company continues shifting from hardware to software/cloud, with ARR growing 7% to $189.7M. Gross margin remained stable at ~74%, offsetting higher cloud costs.
OneSpan Inc. reported results for the quarter ended 2026 with revenue of $60.47M, essentially flat year over year, while net income decreased to $6.78M and diluted EPS fell to $0.18 versus $0.21 in the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $60.47M | $59.84M | 1% |
| Net income² | $6.78M | $8.34M | (18.7%) |
| Diluted EPS³ | $0.18 | $0.21 | (14.3%) |
¹ Reported as “Total revenue”. ² Reported as “Net income”. ³ Reported as “Diluted income per share”.
Business Highlights
- Revenue growth was driven by strength in Digital Agreements subscriptions, which rose 25% in the quarter, while Cybersecurity subscriptions increased 2%.
- Company continues shift from hardware toward software and cloud delivery; Digipass hardware sales declined while cloud subscription and overage fees increased.
- Annual recurring revenue (ARR) grew 7% to $189.7M and net revenue retention was 103%, reflecting expansion within the customer base, including traction with global banks.
- OneSpan completed two acquisitions—Nok Nok in 2025 and Build38 in 2026—to bolster cybersecurity software and mobile app protection capabilities.
- Overall gross margin remains around 74%; higher cloud hosting and third-party costs were partly offset by improved margins in Digital Agreements.
Original SEC Filing: OneSpan Inc. [ OSPN ] - 10-Q - Aug. 04, 2026