secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001628280-25-021515
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpan Q1 operating income +22% YoY to $17.2M; revenue down 2% to $63.4M
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- Total revenue $63.4M (-2% YoY); subscription revenue $43.6M (+9% YoY).
- Operating income $17.2M (up from $14.1M YoY); net income $14.5M ($0.37 GAAP EPS).
- Non-GAAP net income $17.7M ($0.45 EPS) vs $15.2M ($0.39) YoY; ARR $168.4M (+9% YoY).
- Cash $105.2M (Dec 2024: $83.2M); Adjusted EBITDA $23.0M vs $20.2M YoY.
- NRR of 107%; Digital Agreements revenue $15.7M (+9%); Security Solutions $47.7M (-5%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000162828025021515/0001628280-25-021515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000162828025021515/ospn-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-021515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer