Filing Flows › OneSpan (OSPN) › Q3 2026 › vs Q3 2025
OneSpan (OSPN) Q3 2026 vs Q3 2025 (year over year)
OneSpan's revenue rose $6.8M (+12%) from $57.1M in Q3 2025 to $63.9M in Q3 2026. The biggest changes: Subscription +$7.1M (+16%); Perpetual maintenance and services −$989K (-34%); Hardware products +$721K (+7%). 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 76.3% | 73.6% | +2.7 pts |
| Operating margin | 14.5% | 14.4% | +0.0 pts |
| Net margin | 12.2% | 11.4% | +0.8 pts |
| Free cash flow margin | 20.8% | 15.4% | +5.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $51.5M | $44.4M | $7.1M | +16% |
| Hardware products | $10.5M | $9.7M | $721K | +7% |
| Perpetual maintenance and services | $1.9M | $2.9M | −$989K | -34% |
| Revenue | $63.9M | $57.1M | $6.8M | +12% |
| Gross profit | $48.7M | $42.0M | $6.7M | +16% |
| Cost of revenue | $15.2M | $15.1M | $97K | +0.6% |
| Other income, net | $212K | $180K | $32K | +18% |
| Operating profit | $9.2M | $8.2M | $1.0M | +12% |
| Operating expenses | $39.5M | $33.8M | $5.7M | +17% |
| Pre-tax earnings | $9.5M | $8.4M | $1.0M | +12% |
| Research & development | $9.9M | $8.8M | $1.1M | +13% |
| Sales & marketing | $14.0M | $11.4M | $2.6M | +23% |
| General & admin | $14.8M | $12.2M | $2.7M | +22% |
| Other operating costs | $775K | $1.4M | −$662K | -46% |
| Net earnings | $7.8M | $6.5M | $1.3M | +20% |
| Income tax | $1.7M | $1.9M | −$236K | -12% |
| Depreciation & amortization | $3.4M | $2.6M | $804K | +31% |
| Share-based compensation | $5.5M | $3.4M | $2.1M | +63% |
| Working capital & other | $160K | $1.2M | −$993K | -86% |
| Operating cash flow | $16.5M | $11.3M | $5.2M | +46% |
| Free cash flow (OCF − capex) | $13.3M | $8.8M | $4.5M | +51% |
| Capital expenditures | $3.2M | $2.5M | $694K | +27% |
Questions
How much did OneSpan's revenue grow year over year in Q3 2026?
OneSpan's revenue rose $6.8M (+12%) from $57.1M in Q3 2025 to $63.9M in Q3 2026.
What drove OneSpan's revenue change in Q3 2026?
Subscription +$7.1M (+16%); Perpetual maintenance and services −$989K (-34%); Hardware products +$721K (+7%).