Filing Flows › OneSpan (OSPN) › Q3 2026 › vs Q2 2026
OneSpan (OSPN) Q3 2026 vs Q2 2026 (quarter over quarter)
OneSpan's revenue rose $3.4M (+6%) from $60.5M in Q2 2026 to $63.9M in Q3 2026. The biggest changes: Subscription +$4.8M (+10%); Hardware products −$988K (-9%); Perpetual maintenance and services −$377K (-16%). Gross margin 76.3% against 73.6% (+2.7 pts).
OneSpan, Q3 2026: revenue $63.9M (+12% year over year), operating margin 14.5%, net earnings $7.8M, operating cash flow $16.5M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 76.3% | 73.6% | +2.7 pts |
| Operating margin | 14.5% | 14.5% | +0.0 pts |
| Net margin | 12.2% | 11.2% | +1.0 pts |
| Free cash flow margin | 20.8% | -5.4% | +26.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Subscription | $51.5M | $46.7M | $4.8M | +10% |
| Hardware products | $10.5M | $11.4M | −$988K | -9% |
| Perpetual maintenance and services | $1.9M | $2.3M | −$377K | -16% |
| Revenue | $63.9M | $60.5M | $3.4M | +6% |
| Gross profit | $48.7M | $44.5M | $4.3M | +10% |
| Cost of revenue | $15.2M | $16.0M | −$833K | -5% |
| Other income, net | $212K | −$107K | $319K | — |
| Operating profit | $9.2M | $8.7M | $502K | +6% |
| Operating expenses | $39.5M | $35.7M | $3.8M | +10% |
| Pre-tax earnings | $9.5M | $8.6M | $821K | +10% |
| Research & development | $9.9M | $9.9M | −$1K | 0% |
| Sales & marketing | $14.0M | $13.1M | $926K | +7% |
| General & admin | $14.8M | $12.0M | $2.9M | +24% |
| Other operating costs | $775K | $807K | −$32K | -4% |
| Net earnings | $7.8M | $6.8M | $1.0M | +15% |
| Income tax | $1.7M | $1.9M | −$196K | -11% |
| Depreciation & amortization | $3.4M | $3.4M | −$63K | -2% |
| Share-based compensation | $5.5M | $3.4M | $2.0M | +59% |
| Working capital & other | $160K | $13.8M | −$13.6M | -99% |
| Operating cash flow | $16.5M | −$103K | $16.6M | — |
| Free cash flow (OCF − capex) | $13.3M | −$3.3M | $16.5M | — |
| Capital expenditures | $3.2M | $3.2M | $52K | +2% |
Questions
How much did OneSpan's revenue grow quarter over quarter in Q3 2026?
OneSpan's revenue rose $3.4M (+6%) from $60.5M in Q2 2026 to $63.9M in Q3 2026.
What drove OneSpan's revenue change in Q3 2026?
Subscription +$4.8M (+10%); Hardware products −$988K (-9%); Perpetual maintenance and services −$377K (-16%).