profit from every $100 of sales.
$0$100
OneSpan
$22.43+1.13% today
+74.6% in 1 year
1-year low $10.151-year high $25.66
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.35 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What OneSpan sold, what it kept, and what it did with the cash.
Sales went from $219 million in 2022 to $243 million in 2025, with $72.9 million of profit last year.
SalesProfit
OneSpan handed back 37% of the cash it generated last year.
$18M
Free cash flow 2025$50M
Bought back its own shares–
Paid as dividends$18M
Cash vs. debt$70M vs. $6M
OneSpan vs. similar companies
OneSpan grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| OneSpan | 11.4× · Cheap | ||
 Microsoft | 29.0× · Fair price | ||
 Palantir Technologies | 254.4× · Very expensive | ||
 Oracle | 23.2× · Fair price | ||
 Palo Alto Networks | 232.9× · Very expensive |
AI analysis
An AI analyst reads OneSpan's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 219 | 235 | 243 | 243 | |
| 149 | 158 | 175 | 179 | |
| -14 | -12 | 49 | 50 | |
| -7 | -5 | 58 | 60 | |
| -14 | -30 | 57 | 73 | |
| -0.36 | -0.74 | 1.46 | 1.88 | |
| 67.8% | 67.1% | 71.8% | 73.8% | |
| -6.3% | -4.9% | 20.3% | 20.6% | |
| -6.6% | -12.7% | 23.5% | 30.0% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 335 | 289 | 339 | 398 |
| Cash | 96 | 43 | 83 | 70 |
| Total debt | 8 | 7 | 7 | 6 |
| Total liabilities | 132 | 130 | 126 | 126 |
| 203 | 159 | 213 | 272 | |
| 40 | 40 | 39 | 39 | |
| -5.2% | -5.5% | 17.7% | 14.2% | |
| -7.1% | -18.7% | 26.9% | 26.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -6 | -11 | 56 | 59 | |
| 5 | 13 | 9 | 9 | |
| -11 | -23 | 46 | 50 | |
| Dividends paid | – | 0 | 0 | 18 |
| 6 | 29 | – | – | |
| 9 | 14 | 9 | 11 |
Valuation
- 11.4×
- 18.4×
- –
- 1.7×
- 3.4×
- 16.4×
- 12.7×
- 6.1%
- 8.8%
- 4.0%
Profitability
- 73.8%
- 20.6%
- 30.0%
- 24.5%
- 16.7%
- 2.8%
- 27.3%
- 18.3%
- 16.8%
- 14.4%
Growth
- +3.6%
- –
- +8.8%
- –
- −1.1%
Financial health
- -0.7×
- 0.03
- 2.1%
- 2,525.9×
- 1.25
- 1.16
- 0.64
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 20%of 969
Top 20%of 976
Top 7%of 740
Bottom 30%of 978
Top 22%of 983
What analysts expect
- Average price target
- $15.50
- Range
- $13.00 – $18.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 0.39 | 0.36 | +8.3% |
| Feb 26, 2026 | 0.36 | 0.30 | +20.0% |
| Oct 30, 2025 | 0.33 | 0.28 | +17.9% |
| Aug 5, 2025 | 0.34 | 0.27 | +25.9% |
| May 1, 2025 | 0.45 | 0.31 | +45.2% |
| Feb 27, 2025 | 0.24 | 0.27 | −11.1% |
| Oct 30, 2024 | 0.33 | 0.21 | +57.1% |
| Aug 1, 2024 | 0.31 | 0.19 | +63.2% |
4.0%of the share price, paid each year
On $1,000 invested$40a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
25.3% of its profit
Room to growStretchedMore than it earns: 36.6%
News
OneSpan Non-GAAP EPS of $0.35 beats by $0.11, revenue of $63.9M beats by $6.47MSeeking Alpha · Oct 29, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
62Pass
Philip Fisher
63Pass
Peter Lynch
67Pass
Joel Greenblatt
50No pass
Charlie Munger
64Pass
Terry Smith
51No pass
Questions about OneSpan
Is OneSpan a good stock to buy?
A strong, very profitable business, and the price looks low. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the OneSpan AI analysis
What does OneSpan do?
OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It is in Software - Infrastructure.
Does OneSpan pay a dividend?
Yes. At today's price the dividend is 4.0% a year, about 25% of its yearly profit. In 2025 it paid out $18.5 million in dividends.
Is OneSpan stock halal?
Yes. OneSpan passes our halal screen: its business is permitted and its debt is 0.7% of its market value, under the 30% limit. How we check
How has OneSpan stock done over the past year?
Up 74.6% over the past twelve months, to $22.43. It traded between $10.15 and $25.66 and is 12.6% below its high.
Who are OneSpan's competitors?
The largest listed companies in the same industry are Microsoft, Palantir Technologies, Oracle and Palo Alto Networks. The peers table on this page compares their profit, growth and price with OneSpan's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.