Filing Flows › OneSpan (OSPN) › Q2 2026 › vs Q2 2025
OneSpan (OSPN) Q2 2026 vs Q2 2025 (year over year)
OneSpan's revenue rose $623K (+1%) from $59.8M in Q2 2025 to $60.5M in Q2 2026. The biggest changes: Subscription +$4.6M (+11%); Hardware products −$2.6M (-18%); Perpetual maintenance and services −$1.4M (-37%). Gross margin 73.6% against 73.5% (+0.1 pts).
OneSpan, Q2 2026: revenue $60.5M (+1% year over year), operating margin 14.5%, net earnings $6.8M, operating cash flow −$103K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.6% | 73.5% | +0.1 pts |
| Operating margin | 14.5% | 17.6% | -3.1 pts |
| Net margin | 11.2% | 13.9% | -2.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $46.7M | $42.1M | $4.6M | +11% |
| Hardware products | $11.4M | $14.0M | −$2.6M | -18% |
| Perpetual maintenance and services | $2.3M | $3.7M | −$1.4M | -37% |
| Revenue | $60.5M | $59.8M | $623K | +1% |
| Gross profit | $44.5M | $44.0M | $516K | +1% |
| Cost of revenue | $16.0M | $15.9M | $107K | +0.7% |
| Operating profit | $8.7M | $10.5M | −$1.8M | -17% |
| Operating expenses | $35.7M | $33.5M | $2.3M | +7% |
| Pre-tax earnings | $8.6M | $10.6M | −$1.9M | -18% |
| Research & development | $9.9M | $9.4M | $464K | +5% |
| Sales & marketing | $13.1M | $11.5M | $1.6M | +14% |
| General & admin | $12.0M | $11.8M | $175K | +1% |
| Other operating costs | $807K | $733K | $74K | +10% |
| Net earnings | $6.8M | $8.3M | −$1.6M | -19% |
| Income tax | $1.9M | $2.2M | −$374K | -17% |
| Operating cash sources | $13.8M | $8.0M | $5.7M | +71% |
| Depreciation & amortization | $3.4M | $2.5M | $978K | +40% |
| Share-based compensation | $3.4M | $3.5M | −$9K | -0.3% |
| Cash used in operations | $103K | −$6.2M | $6.3M | — |
| Working capital & other | $13.8M | $8.0M | $5.7M | +71% |
Questions
How much did OneSpan's revenue grow year over year in Q2 2026?
OneSpan's revenue rose $623K (+1%) from $59.8M in Q2 2025 to $60.5M in Q2 2026.
What drove OneSpan's revenue change in Q2 2026?
Subscription +$4.6M (+11%); Hardware products −$2.6M (-18%); Perpetual maintenance and services −$1.4M (-37%).