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Companies / Technology / OneSpan Inc.
OSPN

OneSpan Inc.

TechnologyBusiness Services & Software
Ticker OSPNBOSTON, MAFiscal year ends DecemberBook value per share $7.18Diluted shares 38.1M

OneSpan Inc. (NASDAQ: ONSP) operates as a global provider of digital security and agreement solutions serving enterprises across financial services, healthcare, government, and insurance sectors. The company maintains its corporate presence at www.onespan.com and operates through two primary business divisions:… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$243.18M
No change, year over year
Last 12 mo $246.38M
19.92%
+1.5 percentage points
Last 12 mo 17.99%
$72.90M
+27.7% year over year
Last 12 mo $68.40M
27.70%
−1.7 percentage points
Last 12 mo 25.01%
Cash & financing
$59.45M
+6.8% year over year
Last 12 mo $51.94M
$50.50M
+8.8% year over year
Last 12 mo $40.17M
—
Last 12 mo 0.02
38.9M
−0.5% year over year
Last 12 mo 38.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What OneSpan Inc. does

In the company’s own words

OneSpan Inc. (NASDAQ: ONSP) operates as a global provider of digital security and agreement solutions serving enterprises across financial services, healthcare, government, and insurance sectors. The company maintains its corporate presence at www.onespan.com and operates through two primary business divisions: Cybersecurity and Digital Agreements.

The Cybersecurity segment encompasses a broad portfolio of software products, software development kits, and Digipass authenticator devices designed to defend against attacks on digital transactions. Key offerings include Cloud Authentication, Digipass S3 Authentication Software, Mobile Security Suite, Mobile Application Shielding, Authentication Server, Authentication Suite, and Digipass hardware authenticators. The Digital Agreements segment provides solutions for securing and automating business processes through OneSpan Sign e-signature technology, OneSpan Notary for online notarization, OneSpan Identity Verification for identity proofing, OneSpan Sign Authentication for transaction verification, and the OneSpan Integration Platform for embedding e-signatures into third-party applications.

OneSpan processes over 100 million digital agreements and billions of secure authentication transactions annually across more than 120 countries, serving more than 60 percent of the world's 100 largest banks. The company employs 602 people globally, distributed across the Americas with 336 employees, EMEA with 231 employees, and Asia Pacific with 35 employees. The workforce comprises 108 employees in cost of goods sold, 167 in sales and marketing, 239 in research and development, and 88 in general and administrative functions.

The company distributes its solutions through direct sales forces and channel partners including distributors, resellers, systems integrators, and original equipment manufacturers. Products are offered primarily through subscription licensing models with both cloud-based and on-premises deployment options. OneSpan's top ten customers represented 18 percent of total worldwide revenue in 2025.

The company traces its heritage to VASCO Corp.'s entry into data security in 1991 and has completed 18 acquisitions and two dispositions since inception, including the 2013 acquisition of Cronto Limited and the 2015 acquisition of Silanis Technology Inc., which became OneSpan Sign. Recent strategic additions include the June 2025 acquisition of Nok Nok Labs and a December 2025 agreement to acquire Build38 GmbH.

Company details
Sector
Technology
Industry
Business Services & Software
Headquarters
BOSTON, MA
Fiscal year end
December
CIK
1044777
SIC
7373

Financial performance, year by year

Fiscal 2013–2025 · USD
$-59.10M$26.45M$111.99M$197.54M$283.09M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns OneSpan Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

209
funds hold it
0 of 35
superinvestors hold it
$184.87M
held by funds, at market
36.5%
of shares held by funds

Largest fund holders · OneSpan Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
0.01%of fund net assets
Global X Cybersecurity ETF
BUG · GLOBAL X FUNDS
0.84%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do OneSpan Inc. and its peers compare on margins and cash generation over ten years?”
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