Stocks · Technology · Software - Infrastructure
OneSpan Inc. OSPN
$18.42 +1.66% Close, Oct 5, 2026 · NASDAQ · Market cap $671.8M
Strong trendInexpensive vs sectorLow risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 6 quarters (average surprise over the last four: +19.0%).
- The stock is in an uptrend: above its 200-day average for 95 trading days, with the 50-day average above the 200-day.
- Diluted EPS over the last four quarters was $1.78, up 17.9% year over year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 23%
- EPS growth (TTM, YoY)Top 47%
- FCF growth (TTM, YoY)Bottom 17%
- Revenue growth, 3-year CAGRBottom 42%
- Revenue growth accelerationTop 48%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 14%
- Gross marginTop 26%
- Operating marginTop 16%
- Cash conversion (OCF / net income)Bottom 12%
- Accruals (lower is better)Bottom 7%
- Net debt / EBITDA (lower is better)Top 33%
- Interest coverTop 3%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 3%
- Free-cash-flow yieldTop 30%
- EBITDA / enterprise valueTop 17%
- Sales / enterprise valueTop 35%
- P/E vs own 5-year history (lower is better)Top 46%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 48%
- 6-month returnTop 19%
- 1-year return vs S&P 500Top 41%
- Distance from 52-week highTop 1%
- Trend checklist (0–4)Top 19%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 29%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 47%
- Upside to consensus price targetBottom 7%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 7%
- Maximum drawdown, 3 yearsTop 27%
- Beta vs S&P 500 (lower is better)Top 30%
- Net debt / EBITDA (lower is better)Top 33%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 1.7% | 2.4% | ↑ |
| EPS growth (YoY) | 23.1% | 17.9% | ↓ |
| Gross margin | 73.9% | 70.6% | ↓ |
| Operating margin | 21.1% | 18.8% | ↓ |
| FCF margin | 22.7% | 15.8% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 2.4% | 1.7% | ↑ | Bottom 23% |
| EPS growth (TTM, YoY) | 17.9% | 23.1% | ↓ | Top 47% |
| Gross margin | 70.6% | 73.9% | ↓ | Top 26% |
| Operating margin | 18.8% | 21.1% | ↓ | Top 16% |
| Net margin | 27.8% | 24.9% | ↑ | — |
| Free-cash-flow margin | 15.8% | 22.7% | ↓ | — |
| Return on invested capital | 15.8% | — | Top 14% | |
| Revenue growth, 3-year CAGR | 3.6% | — | Bottom 42% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.74×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 4.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +11.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.56×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 267.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.84%
- Net buyback yield (TTM)
- 3.19%
- Shareholder yield
- 6.03%
- Share count change, 1 year
- -2.2%
- Share count change, 3-year CAGR
- -1.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 6
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +19.0%
- Average 2-day reaction, last 8
- -0.1%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $16.00
- Target vs current price
- -13.1%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 67%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | +29.9% | +2.1% | +3.2% | +4.1% | — |
| Apr 30, 2026 | +8.3% | +0.8% | +2.7% | +21.1% | +31.9% |
| Feb 26, 2026 | +20.0% | +2.1% | -5.5% | -4.0% | +15.1% |
| Oct 30, 2025 | +17.9% | +2.3% | -18.5% | -19.6% | -20.7% |
| Aug 5, 2025 | +25.9% | -1.9% | -10.5% | +2.3% | +9.9% |
| May 1, 2025 | +45.2% | -1.4% | +5.0% | +6.7% | +1.7% |
| Feb 27, 2025 | -11.1% | -2.3% | +0.4% | -1.7% | -5.2% |
| Oct 30, 2024 | +57.1% | -2.3% | +11.0% | +23.9% | +33.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | $0.30 | $0.23 | +29.9% | $60.5M |
| Apr 30, 2026 | $0.39 | $0.36 | +8.3% | $65.9M |
| Feb 26, 2026 | $0.36 | $0.30 | +20.0% | $62.9M |
| Oct 30, 2025 | $0.33 | $0.28 | +17.9% | $57.1M |
| Aug 5, 2025 | $0.34 | $0.27 | +25.9% | $59.8M |
| May 1, 2025 | $0.45 | $0.31 | +45.2% | $63.4M |
| Feb 27, 2025 | $0.24 | $0.27 | -11.1% | $61.2M |
| Oct 30, 2024 | $0.33 | $0.21 | +57.1% | $56.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.3× | 10.0× | 56th | Top 3% |
| P/E (forward) | 14.8× | — | — | — |
| EV / EBITDA | 11.6× | — | — | Top 17% |
| EV / Sales | 2.60× | — | — | Top 35% |
| Free-cash-flow yield | 5.80% | — | — | Top 30% |
| Earnings yield | 9.66% | — | — | Top 3% |
P/E over the past five years
Range 6.0× – 33.7× since Jun 30, 2024. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +18.2%
- Earnings per share growth (TTM)
- +17.9%
- Change in P/E multiple
- -3.9%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 122
- Days above the 200-day average
- 95
- 50-day average slope (20 days)
- +6.5%
- 200-day average slope (20 days)
- +4.0%
- Distance from 50-day average
- +10.7%
- Distance from 200-day average
- +36.8%
- RSI (14)
- 68.0
- Relative volume
- 0.51×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 31.9%
- Volatility vs own 5-year history
- 4th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.12
- Correlation with S&P 500
- 0.41
- Current drawdown from 1-year high
- +0.0%
- Maximum drawdown, 3 years
- -49.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 26, 2021 | Oct 27, 2023 | -73.4% | 632 days | Not yet recovered |
| Oct 13, 2020 | Nov 3, 2020 | -31.6% | 15 days | 87 days (Mar 11, 2021) |
| Mar 11, 2021 | Mar 30, 2021 | -14.9% | 13 days | 9 days (Apr 13, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $671.8M
- P/E (TTM)
- 10.3
- EPS, diluted (TTM)
- $1.78
- Revenue (TTM)
- $246.4M
- Dividend yield
- 2.77%
- 52-week range
- $10.07 – $18.48
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $214.5M | $219.0M | $235.1M | $243.2M | $243.2M |
| Gross profit | $142.9M | $148.6M | $157.7M | $174.6M | $171.9M |
| Operating income | -$26.1M | -$27.1M | -$28.9M | $44.8M | $50.1M |
| Net income | -$30.6M | -$14.4M | -$29.8M | $57.1M | $72.9M |
| EPS (diluted) | -$0.77 | -$0.36 | -$0.74 | $1.46 | $1.90 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.2M | $61.2M | $63.4M | $59.8M | $57.1M | $62.9M | $65.9M | $60.5M |
| Net income | $8.3M | $28.8M | $14.5M | $8.3M | $6.5M | $43.5M | $11.6M | $6.8M |
| EPS (diluted) | $0.21 | $0.72 | $0.37 | $0.21 | $0.17 | $1.13 | $0.30 | $0.18 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$2.7M | -$5.8M | -$10.7M | $55.7M | $59.5M |
| Capital expenditure | -$2.2M | -$5.0M | -$12.5M | -$9.2M | -$9.0M |
| Free cash flow | -$4.9M | -$10.8M | -$23.3M | $46.4M | $50.5M |
| Dividends paid | $0 | $0 | $0 | -$4.8M | -$18.5M |
| Net share buybacks | -$7.5M | -$5.7M | -$29.2M | -$3,000 | -$13.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $43.3M
- Total assets
- $387.0M
- Total liabilities
- $113.5M
- Total debt
- $12.4M
- Net debt
- -$30.9M
- Shareholders’ equity
- $273.5M
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 14, 2026 | $0.13 | Sep 4, 2026 |
| May 14, 2026 | $0.13 | Jun 4, 2026 |
| Mar 13, 2026 | $0.13 | Mar 27, 2026 |
| Nov 14, 2025 | $0.12 | Dec 5, 2025 |
| Aug 15, 2025 | $0.12 | Sep 5, 2025 |
| May 16, 2025 | $0.12 | Jun 6, 2025 |
| Jan 31, 2025 | $0.12 | Feb 14, 2025 |
Short interest
- Shares sold short
- 3,961,679
- Days to cover
- 10.03
- Change vs previous report
- +6.1%
FINRA short interest, settlement date Sep 15, 2026.