OneSpan beats Q2 revenue, profit estimates on subscription growth

OneSpan

04/08/2026 21:10

Overview
Digital security and agreements firm's Q2 revenue rose 1% yr/yr, beating analyst expectations
Adjusted net income and adjusted EBITDA for Q2 beat analyst expectations
Subscription revenue up 11% yr/yr, driven by digital agreements growth

Outlook
OneSpan raises 2026 total revenue guidance to $248 mln-$252 mln from $244 mln-$249 mln
Company now sees 2026 Adjusted EBITDA at $67 mln-$71 mln, up from $64 mln-$68 mln
OneSpan expects 2026 ARR in the range of $194 mln-$198 mln

Result Drivers
DIGITAL AGREEMENTS GROWTH - Co said digital agreements revenue grew 25% yr/yr, supporting overall revenue and subscription gains
SUBSCRIPTION REVENUE - Co reported subscription revenue up 11% yr/yr, contributing to higher annual recurring revenue
NEW PLATFORM LAUNCH - Co introduced DigipassONE, a unified authentication platform, which CEO said will serve as foundation for future enhancements

Company press release: ID:nBw1ZjWcta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$60.50 mln
$58.26 mln (5 Analysts)
Q2 Adjusted Net Income
Beat
$11.60 mln
$9.009 mln (5 Analysts)
Q2 Adjusted EBITDA
Beat
$16.90 mln
$12.72 mln (5 Analysts)
Q2 Annual Recurring Revenue
 
$189.70 mln
 
Q2 Gross Profit
 
$44.50 mln
 
Q2 Operating Income
 
$8.70 mln
 
Q2 Subscription Revenue
 
$46.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for OneSpan Inc. is $15.50, about 2.3% below its August 3 closing price of $15.87
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)