---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-015794"
form_type: "8-K"
ticker: "OSPN"
cik: "0001044777"
company_name: "OneSpan Inc."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T16:52:39.121002+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OneSpan Q3 revenue up 9% to $57.1M, GAAP loss widens; ARR guidance cut to 12-13%

## Summary
- Revenue $57.1M (+9% YoY); ARR $135.8M (+14%); Digital Agreements rev $12.2M (+20%).
- GAAP net loss $7.2M ($0.18/sh) vs $1.0M loss; non-GAAP net income $1.3M ($0.03/sh).
- Adjusted EBITDA $4.5M vs $1.7M; cash $93.6M.
- FY2022 ARR growth guidance cut to 12-13% from 16-18% due to FX and macro headwinds.
- Adjusted EBITDA guidance raised to $1M-$3M from negative $5M-$7M range.

## SEC filing metadata
- accession: 0001558370-22-015794
- form_type: 8-K
- ticker: OSPN
- cik: 0001044777
- company_name: OneSpan Inc.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1044777/000155837022015794/0001558370-22-015794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1044777/000155837022015794/ospn-20221101x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-015794
- JSON: https://secwatch.observer/filing/0001558370-22-015794.json
- Plain text: https://secwatch.observer/filing/0001558370-22-015794.txt

## Key facts
- Earnings Releases
  OneSpan Inc. reported the third quarter ended September 30, 2022 results: revenue $57.1 million, net income $7.2 million, or $0.18 per diluted share, EPS $0.18 per diluted share. Guidance lowered.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $57.1 million
  - Net income: $7.2 million, or $0.18 per diluted share
  - EPS: $0.18 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: OneSpan Reports Third Quarter 2022 Financial Results ● Total revenue grew 9% year-over-year to $57.1 million; Total subscription revenue grew 25% to $22.3 million ● Annual Recurring Revenue (ARR) grew 14% to $135.8 million 1 ● Dollar-based net expansion (DBNE) rate of 109% 2 ​ CHICAGO, November 1, 2022 – OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, today reported financial results for the third quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000155837022015794/0001558370-22-015794-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.