Quarterly ResultApr 30, 2026, 05:17 PM
OSPN Q1 Revenue +4.1% to $65.9M; Net Income $11.6M; Acquires Build38
AI Summary
OneSpan Inc. reported Q1 2026 revenue of $65.9 million, a 4.1% increase from $63.4 million in Q1 2025. However, net income decreased 20.3% to $11.6 million ($0.30 diluted EPS) from $14.5 million ($0.37 diluted EPS) in the prior year. The company completed the acquisition of Build38 GmbH for $37.9 million, aimed at enhancing its mobile application protection solutions. Additionally, OneSpan repurchased 0.5 million shares for $5.4 million and declared a quarterly cash dividend of $0.13 per share.
Key Highlights
- Acquired Build38 GmbH for $37.9 million on February 27, 2026, enhancing mobile security.
- Q1 2026 total revenue increased 4.1% to $65.9 million from $63.4 million YoY.
- Q1 2026 net income decreased 20.3% to $11.6 million from $14.5 million YoY.
- Q1 2026 diluted EPS was $0.30, down from $0.37 in Q1 2025.
- Repurchased 0.5 million shares for $5.4 million under the share repurchase program.
- Declared a quarterly cash dividend of $0.13 per share.
- Cybersecurity segment revenue rose to $48.5 million from $47.7 million YoY.
- Digital Agreements segment revenue grew to $17.4 million from $15.7 million YoY.