The earnings call for Q2 2025 presented a strong financial performance and successful strategic acquisition, indicating positive growth potential. However, challenges such as declines in hardware revenue and some customer contractions in ARR were noted. Despite these issues, the company's strategic initiatives and financial health suggest a positive outlook.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call, OneSpan provided guidance indicating a focus on strengthening its product offerings and market capabilities to drive future growth and profitability. The company reported a solid performance with adjusted EBITDA of $18 million, representing 29.5% of revenue, and a record first-half adjusted EBITDA of $41 million at 33% of revenue. Annual recurring revenue (ARR) reached $178 million, an 8% increase year-over-year, bolstered by the acquisition of Nok Nok Labs which contributed $8 million. The company anticipates mid-single-digit ARR growth by year-end. Subscription revenue grew by 22%, led by 39% growth in security solutions, while total revenue saw a modest decline due to strategic shifts and sunsetted products. The company maintains its revenue guidance between $245 million and $251 million and has raised its ARR guidance to between $186 million and $192 million. Looking ahead, OneSpan is committed to achieving a Rule of 40 performance and sustaining strong profitability while continuing to innovate and expand its product suite through internal development and targeted acquisitions.

Strong Financial Performance

Adjusted EBITDA of $18 million or 29.5% of revenue for Q2 2025. Record adjusted EBITDA of $41 million for the first half of 2025, representing 33% of revenue, marking the highest first-half performance to date.

Successful Acquisition

Acquisition of Nok Nok Labs, enhancing OneSpan's authentication portfolio with FIDO2 passwordless authentication software. This acquisition complements existing FIDO2 hardware, providing a comprehensive authentication solution.

Subscription Revenue Growth

Subscription revenue grew 22% in Q2 2025. Security subscription revenue increased by 39%, and digital agreements saw a 5% growth.

Improved Gross Margin

Second quarter gross margin was 73%, up from 66% in Q2 of the previous year, driven by favorable product and customer mix.

Positive Cash Flow and Dividend Payments

Generated $36 million in operating cash flow in the first half of 2025. Returned cash to shareholders through two quarterly dividend payments totaling close to $10 million.

OneSpan (OSPN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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OSPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.28 / -	0.33	―	―	―
Aug 05, 2025	2025 (Q2)	0.29 / 0.34	0.31	9.68% (+0.03)
May 01, 2025	2025 (Q1)	0.33 / 0.45	0.43	4.65% (+0.02)
Feb 27, 2025	2024 (Q4)	0.26 / 0.24	0.19	26.32% (+0.05)
Oct 30, 2024	2024 (Q3)	0.26 / 0.33	0.09	266.67% (+0.24)
Aug 01, 2024	2024 (Q2)	0.14 / 0.31	-0.18	272.22% (+0.49)
May 02, 2024	2024 (Q1)	0.17 / 0.43	-0.09	577.78% (+0.52)
Mar 06, 2024	2023 (Q4)	0.03 / 0.19	0.03	533.33% (+0.16)
Nov 08, 2023	2023 (Q3)	-0.04 / 0.09	0.03	200.00% (+0.06)
Aug 09, 2023	2023 (Q2)	-0.05 / -0.18	-0.098	-83.67% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OSPN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$14.32	$13.89	-3.00%
May 01, 2025	$14.55	$14.94	+2.68%
Feb 27, 2025	$16.10	$15.92	-1.12%
Oct 30, 2024	$14.36	$16.45	+14.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Onespan (OSPN) report earnings?

Onespan (OSPN) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Onespan (OSPN) earnings time?

Onespan (OSPN) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is OSPN EPS forecast?

OSPN EPS forecast for the fiscal quarter 2025 (Q3) is 0.29.

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