Filing Flows › OneSpan (OSPN) › Q2 2026
OneSpan (OSPN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
OneSpan (OSPN) reported revenue of $60.5M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -8% from the quarter before. Operating margin was 14.5%, net earnings $6.8M (11.2% of revenue).
OneSpan, Q2 2026: revenue $60.5M (+1% year over year), operating margin 14.5%, net earnings $6.8M, operating cash flow −$103K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.5M | -8% | +1% |
| Gross profit | $44.5M | -8% | +1% |
| Operating profit | $8.7M | -41% | -17% |
| Net earnings | $6.8M | -41% | -19% |
| Operating cash flow | −$103K | -100% | -102% |
What changed
Revenue was $60.5M in Q2 2026, up 1% year over year and down 8% from the previous quarter. Subscription was the largest line at 77% of revenue. Subscription added $4.6M year over year (up 11%), 735% of the total change. Perpetual maintenance and services declined 37%.
Gross margin was 73.6%, up 0.1 points from Q2 2025. Operating profit was $8.7M, a 14.5% margin (down 3.1 points year over year). Operating profit fell $1.8M even though revenue rose $623K versus Q2 2025, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 1%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $6.8M, down 19% year over year. The effective tax rate was 21.5%.
Operating cash flow was −$103K. Non-cash charges added back $3.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $13.8M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$3.3M.
Questions
What was OneSpan's revenue in the second quarter 2026?
OneSpan (OSPN) reported revenue of $60.5M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -8% from the quarter before.
Was OneSpan profitable in the second quarter 2026?
Operating profit was $8.7M (14.5% of revenue) and net earnings $6.8M.
Source: OneSpan 10-Q on SEC EDGAR.