OneSpan Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong profitability, 14% ARR growth, and 8% higher subscription revenue, driven by Digital Agreements and cybersecurity. Guidance for 2026 was raised for ARR, with continued investment in product and M&A, and capital returned to shareholders.
Fiscal Year 2025
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Software and services drove profitability in 2025, offsetting hardware declines, with ARR up 11.5% and strong cash generation. 2026 guidance calls for modest revenue growth, continued hardware decline, and increased investment in growth initiatives.
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Q3 2025 saw strong profitability and cash flow, with software now over 80% of revenue and double-digit subscription growth. Guidance was lowered due to hardware headwinds and slower net expansion, but new products and investments are expected to drive growth in 2026.
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Q2 2025 saw strong profitability, record adjusted EBITDA, and 8% ARR growth, aided by the NomCon Labs acquisition. Revenue declined 2% year-over-year due to hardware headwinds, but subscription revenue and margins improved. ARR guidance was raised, and the outlook remains positive.
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Record adjusted EBITDA and strong cash generation marked Q1, with ARR and subscription revenue both up 9% year-over-year. Despite a slight revenue decline, profitability improved, and full-year guidance was reaffirmed amid ongoing hardware-to-software transition and tariff/FX risks.
Fiscal Year 2024
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Record adjusted EBITDA and strong cash generation marked 2024, with subscription revenue up over 30% and both business units profitable. 2025 guidance calls for double-digit subscription growth, continued hardware decline, and a balanced capital allocation strategy.
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Q3 2024 saw strong profitability with adjusted EBITDA of $17M and 29% subscription revenue growth, despite a 4% revenue decline due to hardware. Cost savings exceeded targets, gross margins improved, and guidance was raised for adjusted EBITDA, with continued growth expected in software and subscription revenues.
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Q2 2024 saw 9% revenue and 15% ARR growth, with strong subscription and digital agreements performance, improved margins, and raised full-year guidance. Both business units are profitable, cost savings targets are nearly met, and cash flow has improved.