OneSpan(NASDAQ) OSPN

OneSpan Inc. keeps digital accounts and online transactions safe. It makes tools for signing documents and checking identities. These services protect millions of users in many countries.

What Does OneSpan Sell?

• Cybersecurity: Software products and tools used to build applications that protect transactions; generated $89.5 million of revenue in the six-month period ended June 30, 2026.
• Digital Agreements: Cloud-based services for electronic signatures and online identity verification; generated $36.9 million of revenue in the six-month period ended June 30, 2026.
• OneSpan Sign: Platform for managing and signing document workflows with secure electronic signatures that meet legal requirements.
• Digipass: Physical authentication devices that provide extra security codes to verify users when they log into accounts.

Acquisitions and New Technology

• Acquired Nok Nok Labs in June 2025 to add passwordless login solutions to its security product lineup.
• Purchased Build38 GmbH in February 2026 to enhance protection for mobile applications.
• Focused on growing subscription-based revenue within both business segments through new customer deals and existing contract expansions.

Why Global Banks Trust Them

OneSpan serves more than 60% of the world's 100 largest banks. It manages billions of secure transactions and over 100 million digital agreements across more than 120 countries every year.

A Look at the Numbers

• Total revenue was $126.4 million for the six-month period ended June 30, 2026, up 3% year over year.
• Annual recurring revenue, which measures the value of active subscription contracts, reached $189.7 million at June 30, 2026, up 7% year over year.
• Net retention rate, which tracks spending growth from existing customers, was 103% at June 30, 2026.
• Net income was $18.3 million for the six-month period ended June 30, 2026, compared to $22.8 million for the six-month period ended June 30, 2025.

Bottom Line

OneSpan has transitioned from selling physical security hardware to providing cloud-based software subscriptions. This evolution helps the company support secure digital agreements and identity verification for global financial institutions.