Onespan ( (OSPN) ) has released its Q1 earnings. Here is a breakdown of the information Onespan presented to its investors.
OneSpan Inc. is a company that specializes in security authentication, identity verification, electronic signature, and digital workflow solutions, primarily serving the financial sector with a focus on protecting and facilitating digital transactions and agreements.
In its first quarter of 2025, OneSpan reported a mixed financial performance with a notable increase in operating income by 22% year-over-year, reaching $17.2 million, despite a slight decline in total revenue by 2% to $63.4 million. The company highlighted its strong cash generation and record high operating income as key achievements for the quarter.
Key financial metrics from the report include a 9% year-over-year increase in subscription revenue to $43.6 million and a similar 9% rise in Annual Recurring Revenue (ARR) to $168.4 million. The company’s net income also saw an improvement, reaching $14.5 million, or $0.37 per diluted share, compared to $13.5 million, or $0.35 per diluted share, in the same period last year. Additionally, OneSpan’s adjusted EBITDA rose to $23.0 million from $20.2 million in the previous year.
Looking ahead, OneSpan’s management remains focused on operational excellence and aims to drive efficient revenue growth and profitability over the long term. The company has set its full-year 2025 revenue expectations between $245 million and $251 million, with ARR projected to be in the range of $180 million to $186 million.