# OneSpan share price today (OneSpan Inc., OSPN)

> OneSpan Inc.'s share price has risen faster than its earnings: +114.5% in a year, against +28.8% for earnings per share. OSPN · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ospn

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## Key numbers

- Price: $24.45 (+114.5% in a year)
- P/E: 13.5× (higher than 97% of the last 1 year)
- Revenue (Jun 2026): $60.5 M (+1.0% on a year ago)
- Profit (Jun 2026): $6.8 M (−18.7% on a year ago)
- Operating margin: 14.5% (−3.2 points on a year ago)
- ROE: 27%, FY25
- ROIC: 19.2%, against a 12.3% cost of capital: +6.9 points
- Profit that came in as cash: 89%, last 2 years

The main question: the share price moved +114.5% in a year while yearly earnings per share moved +28.8%. The difference came from the market paying a higher multiple. ## What is the OneSpan share price today? OneSpan Inc.'s share price was $24.45 at the close on 3 November 2026. That is 72.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $10 and $26, and at that close it sat 92% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 27 weeks in a row. Over the last 1 year the share price moved +55% while the S&P 500 moved +21%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does OneSpan pay? OneSpan Inc. paid $0.51 per share over the last four reported quarters. The most recent declaration was $0.13 for Jun 2026. At today's price of $24.45 that is a yield of 2.09%, based on dividends already paid, not a forecast. ## Which stock lists is OneSpan on? OneSpan is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is OneSpan profitable? OneSpan Inc. earned $6.8 M of net profit in the Jun 2026 quarter, −18.7% on the same quarter a year earlier. Full-year FY25 profit was $72.9 M. That is 11.2% of the quarter's revenue. The same quarter a year earlier earned $8.3 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $72.9 M (+27.7% on the year before). Why profit moved: revenue changed +1.0% on a year earlier and the margin moved −3.2 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −2.3% and revenue +2.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does OneSpan make, and is it growing? OneSpan Inc. reported $60.5 M of revenue in the Jun 2026 quarter, +1.0% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 3.2% a year on average. The last full year, FY25, came in at $243 M. The last four reported quarters add to $246 M. FY25 revenue was $243 M, +0.0% on the year before. Recent pace: the last four quarters grew +2.3% on average, against 3.2% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.4%, against −0.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +14.2%, against +104.7% a year (rolling over). ## How much of every $100 of sales does OneSpan keep? OneSpan Inc.'s operating margin was 14.5% in the Jun 2026 quarter, 3.2 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −12.2% and 20.9%. The latest quarter is within that range. Across 5 years it has been between −12.2% and 20.9%, and FY25's 20.9% is the highest of them. Why the margin moved: operating margin changed −3.2 percentage points on the year while gross margin changed +0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is OneSpan's profit turning into cash? Over the last 2 years, 89% of OneSpan Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $59.5 M of operating cash against $72.9 M of profit. After $9.0 M of spending on assets, $50.5 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does OneSpan's cash go? OneSpan Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $30.7 M on assets over the last 3 years. Averaged over those years that is 4.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $30.7 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is OneSpan's P/E ratio, and how does it compare with its own history? OneSpan Inc.'s P/E is 13.5×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 8.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +28.8% while the price moved +114.5%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the OneSpan business getting better or worse? OneSpan Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does OneSpan earn on its capital? OneSpan Inc. earned a ROE of 27% in FY25. That is up from a low of −19% in FY23. Its return on capital used (ROIC) is 6.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 30.0% net margin and 0.61× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 30.0% net margin × 0.61× asset turnover × 1.46× leverage (assets divided by equity) ≈ 26.7% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 19.2% − 12.3% = +6.9 percentage points. The 12.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 19.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 29.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does OneSpan have too much debt? OneSpan Inc. has total debt of $12.4 M against shareholder equity of $273 M as of Jun 2026, so its debt is 0.05× its equity, which is very little. Year by year, that ratio went from 0.06 in FY21 to 0.03 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the OneSpan shareholding pattern? 9.5% of OneSpan Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is OneSpan from balance-sheet trouble? For OneSpan Inc., the Z-score is 4.45. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.45 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does OneSpan rank in its industry? There is no score against its industry: OneSpan Inc. is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is OneSpan compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to OneSpan in size? OneSpan is the 80th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Bandwidth Inc., Rapid7, Inc. and Tuya Inc. Just below it: PicS N.V., Paysign, Inc. and Xanadu Quantum Technologies. ### Software - Infrastructure companies close in size

1. [Bandwidth Inc.](https://www.sectoralpha.in/us/stocks/band) $1.4 billion
2. [Rapid7, Inc.](https://www.sectoralpha.in/us/stocks/rpd) $1 billion
3. [Tuya Inc.](https://www.sectoralpha.in/us/stocks/tuya) $981 million
4. OneSpan Inc. $902 million
5. [PicS N.V.](https://www.sectoralpha.in/us/stocks/pics) $867 million
6. [Paysign, Inc.](https://www.sectoralpha.in/us/stocks/pays) $854 million
7. [Xanadu Quantum Technologies Limited](https://www.sectoralpha.in/us/stocks/xndu) $822 million

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [Rigel Pharmaceuticals, Inc.](https://www.sectoralpha.in/us/stocks/rigl) $944 million · Biotechnology
2. [Elemental Royalty Corporation](https://www.sectoralpha.in/us/stocks/ele) $943 million · Other Precious Metals & Mining
3. OneSpan Inc. $943 million
4. [Afya Limited](https://www.sectoralpha.in/us/stocks/afya) $941 million · Education & Training Services
5. [Farmers National Banc Corp.](https://www.sectoralpha.in/us/stocks/fmnb) $940 million · Banks - Regional

## What else do people ask about OneSpan? ### What were OneSpan's latest quarterly results? OneSpan Inc. reported revenue of $60.5 M and net profit of $6.8 M for the Jun 2026 quarter. Revenue rose 1.0% and profit fell 18.7% compared with a year earlier. Earnings per share were $0.18. The operating margin was 14.5%, 3.2 percentage points lower than a year earlier (as of 3 November 2026). ### What is OneSpan's market cap? OneSpan Inc.'s market capitalisation is $902 M at a stock price of $24.45. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is OneSpan performing? OneSpan Inc.'s latest readings are below. In its latest quarter, revenue rose 1.0% and profit fell 18.7% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 27 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will OneSpan's stock price go up? This page does not forecast OneSpan Inc.'s stock price. What it shows instead: the stock price is $24.45. Its P/E of 13.5× is higher than 97% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is OneSpan in its business cycle? OneSpan Inc.'s FY25 operating margin was 20.9%, against a 5-year range of −12.2% to 20.9%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 14.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the OneSpan story? The main question: the share price moved +114.5% in a year while yearly earnings per share moved +28.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is OneSpan a stock worth studying right now? What the numbers show: OneSpan Inc.'s share price has risen faster than its earnings: +114.5% in a year, against +28.8% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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