OneSpan(NASDAQ) OSPN

OneSpan Inc. NASDAQ:OSPN 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.