OneSpan Inc.(OSPN)Stock Analysis
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Rank #1,013 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
OSPN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for OneSpan Inc. (OSPN), a Technology sector company. 13F Pro's AI-powered ranking engine scores OSPN at 58.0/100 on a 32-signal composite quality model, placing it at rank #1,013 of 2,879 stocks — the top half of the AI-ranked universe. OSPN scores in the top quartile across balance sheet strength (87.1), profitability (84.9), free cash flow (83.8). Areas of concern include institutional flow (13.4) and revenue scale (26.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 27.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), OneSpan Inc. reports quarterly revenue of $65.9M, net income of $11.6M, an operating margin of 22.5%. Top institutional holders of OSPN by reported 13-F value include BlackRock,, Legal & General Group Plc, Neuberger Berman Group, based on the most recent SEC filings. OSPN trades on the Nasdaq exchange and files with the SEC under CIK 1044777. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate OSPN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for OneSpan Inc. directly from SEC EDGAR. OneSpan Inc.'s 13F Pro composite quality score has ranged between 8 and 63 since 2024, currently 58.0 — an improving long-term trajectory across 44 quarterly and live scoring snapshots.
Revenue
Q1 2026
$65.9M
Net Income
Q1 2026
$11.6M
Free Cash Flow
Q1 2026
$25.1M
Operating Margin
Q1 2026
22.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+3.4% YoYNet Income
+291.6% YoYOperating Income
+255.2% YoYEPS (Diluted)
+297.3% YoYTotal Assets
+17.1% YoYOp. Cash Flow
+618.6% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $243.2M +3.4% | $235.1M +7.4% | $219.0M +2.1% | $214.5M -0.6% | $215.7M +2.1% | $211.3M |
| Net Income | $57.1M +291.6% | $-29.8M -107.9% | $-14.3M +53.1% | $-30.6M -460.7% | $-5.5M -279.2% | $3.0M |
| Operating Income | $44.8M +255.2% | $-28.9M -6.5% | $-27.1M -3.8% | $-26.1M -396.9% | $-5.3M -471.5% | $-920.0K |
| EPS (Diluted) | $1.46 +297.3% | $-0.74 -105.6% | $-0.36 +53.2% | $-0.77 -450.0% | $-0.14 -275.0% | $0.08 |
| Total Assets | $338.7M +17.1% | $289.2M -13.7% | $335.1M -2.1% | $342.3M -8.8% | $375.2M +6.3% | $352.8M |
| Operating Cash Flow | $55.7M +618.6% | $-10.7M -86.4% | $-5.8M -109.8% | $-2.7M -118.4% | $14.9M +1117.1% | $1.2M |
AI Insight: OSPN Financial Trends
OneSpan shows modest revenue growth with quarterly volatility, while equity steadily expanded from $179M to $272M over eight quarters.
• Revenue grew from $61M in Q2 2024 to $66M in Q1 2026, with quarterly fluctuations between $56M-$66M.
• Equity increased consistently from $179M in Q2 2024 to $272M in Q1 2026, reflecting cumulative earnings retention.
• Operating cash flow volatile, ranging from $2M to $29M quarterly with no clear trend direction.
⚠ Net income highly erratic with spikes to $44M in Q4 2025 and $29M in Q4 2024 amid otherwise modest levels.
⚠ Revenue declined sequentially in Q2 and Q3 2025, breaking prior quarter's growth momentum.
AI Insight: OSPN Ratio Trends
OneSpan's profitability shows extreme quarterly volatility with operating margins swinging from 12.5% to 27.1% and net margins spiking to 69.2% in Q4 quarters.
• Operating margin improved from 12.5% in Q2 2024 to 22.5% in Q1 2026 despite significant quarterly swings.
• Net profit margin exhibited extreme volatility, reaching 69.2% in Q4 2025 and 47.1% in Q4 2024.
• ROIC peaked at 29.7% in Q1 2025 but declined to 21.8% in Q1 2026.
⚠ ROIC dropped from 29.7% peak in Q1 2025 to 13.8% in Q3 2025 before recovering.
⚠ Consistent Q4 earnings spikes suggest potential one-time items or unusual seasonality patterns.
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Available Research
13F Pro tracks comprehensive data for OneSpan Inc. including:
Top Institutional Holders of OSPN
BlackRock, Inc.
$39.1M3,710,661 shLegal & General Group Plc
$20.8M1,971,486 shNeuberger Berman Group LLC
$17.1M1,629,976 shVANGUARD CAPITAL MANAGEMENT LLC
$16.9M1,606,479 shDIMENSIONAL FUND ADVISORS LP
$15.4M1,464,524 shVANGUARD PORTFOLIO MANAGEMENT LLC
$14.4M1,371,050 shSTATE STREET CORP
$14.0M1,328,604 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$13.4M1,268,242 shMILLENNIUM MANAGEMENT LLC
$10.6M1,009,376 shGEODE CAPITAL MANAGEMENT, LLC
$10.6M1,003,734 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $39.1M | 3,710,661 |
| Legal & General Group Plc | $20.8M | 1,971,486 |
| Neuberger Berman Group LLC | $17.1M | 1,629,976 |
| VANGUARD CAPITAL MANAGEMENT LLC | $16.9M | 1,606,479 |
| DIMENSIONAL FUND ADVISORS LP | $15.4M | 1,464,524 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $14.4M | 1,371,050 |
| STATE STREET CORP | $14.0M | 1,328,604 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $13.4M | 1,268,242 |
| MILLENNIUM MANAGEMENT LLC | $10.6M | 1,009,376 |
| GEODE CAPITAL MANAGEMENT, LLC | $10.6M | 1,003,734 |
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Popular Research
Is OSPN a good stock to buy?
13F Pro's AI-powered analysis of OneSpan Inc. (OSPN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for OSPN are available on the OSPN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own OSPN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling OSPN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of OneSpan Inc.'s investment landscape.