OneSpan Inc.

OneSpan Inc.

OSPNInfrastructure

OneSpan protects banks and their customers from fraud.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
2.2x
+0.7x
ARR
$242M
-8.3%
YoY Growth
1.0%
-3.0pp
Market Cap
$528M
+35.5%
Revenue (Q)
$60M
-8.3%
Gross Margin
73.6%
+0.0pp
Op. Margin
14.5%
-6.3pp
Rule of 40
15.5
-9.3
Magic Number
-1.73
-2.69

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data.

AI Replacement Risk
18/ 100
LowHigh

Estimated likelihood that general-purpose AI replaces this product.

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Valuation by quarter

Current ARR Multiple: 2.2x

Calculated valuation

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Valuation data is not available for this company.

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Company overview

OneSpan protects banks and their customers from fraud. The company has deep roots. It began in 1991 as VASCO Data Security and later took the OneSpan name. Its base is Chicago.

Banks face a hard problem. They need to know the person logging in is real. They also need customers to sign documents safely from a phone. OneSpan handles both.

Its authentication tools confirm identity with hardware tokens, mobile apps, and biometrics. The old Digipass line still guards millions of accounts. On the agreement side, OneSpan Sign delivers legal electronic signatures with a strong audit trail. Transaction security tools watch payments for signs of fraud in real time.

Imagine a customer who moves a large sum to a new account at midnight. That pattern looks odd. OneSpan can flag it, add a second check, and stop a scam before the money leaves. That quiet defense runs behind the scenes at hundreds of financial firms.

Revenue runs around $240 million a year. The company has shifted toward subscription and cloud, which lifted its margins and steadied its results. OneSpan is small and specialized. It sticks to what it knows, which is keeping trust intact between banks and the people they serve.

Entity information

Industry7373: Services-Computer Integrated Systems Design
Fiscal YearDec 31
IncorporatedDelaware
Phone(312) 766-4001
Address1 MARINA PARK DRIVE, UNIT 1410, BOSTON, MA, 02210
Mailing address1 MARINA PARK DRIVE, UNIT 1410, BOSTON, MA, 02210
EIN36-4169320
Entity typeoperating
SEC industry framework06 Technology
Former namesOne Span Inc. (to 2018-07-12); VASCO DATA SECURITY INTERNATIONAL INC (to 2018-06-15)

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.