Filing Flows › OneSpan (OSPN) › Q3 2026
OneSpan (OSPN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
OneSpan (OSPN) reported revenue of $63.9M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +6% from the quarter before. Operating margin was 14.5%, net earnings $7.8M (12.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.9M | +6% | +12% |
| Gross profit | $48.7M | +10% | +16% |
| Operating profit | $9.2M | +6% | +12% |
| Net earnings | $7.8M | +15% | +20% |
| Operating cash flow | $16.5M | — | +46% |
| Free cash flow | $13.3M | — | +51% |
What changed
Revenue was $63.9M in Q3 2026, up 12% year over year and up 6% from the previous quarter. Subscription was the largest line at 81% of revenue. Subscription added $7.1M year over year (up 16%), 104% of the total change. Perpetual maintenance and services declined 34%.
Gross margin was 76.3%, up 2.7 points from Q3 2025. Operating profit was $9.2M, a 14.5% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, above the 14% margin then. Operating expenses grew 17% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+23%). Net earnings were $7.8M, up 20% year over year. The effective tax rate was 17.5%.
Operating cash flow was $16.5M (up 46% year over year), 212% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $5.5M of share-based compensation. Capital expenditures of $3.2M left free cash flow of $13.3M.
Questions
What was OneSpan's revenue in the third quarter 2026?
OneSpan (OSPN) reported revenue of $63.9M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +6% from the quarter before.
Was OneSpan profitable in the third quarter 2026?
Operating profit was $9.2M (14.5% of revenue) and net earnings $7.8M.
Source: OneSpan 10-Q on SEC EDGAR.