OneSpan Inc. (OSPN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
OSPN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
OSPN Revenue Analysis (2014–2025)
As of March 1, 2026, OneSpan Inc. (OSPN) generated trailing twelve-month (TTM) revenue of $243.2 million, reflecting modest growth of +2.9% year-over-year. The most recent quarter (Q4 2025) recorded $62.9 million in revenue, up 10.3% sequentially.
Looking at the longer-term picture, OSPN's 5-year compound annual growth rate (CAGR) stands at +2.4%, indicating moderate growth over time. The company achieved its highest annual revenue of $253.5 million in 2019.
Revenue diversification analysis shows OSPN's business is primarily driven by Subscription (64%), Hardware Products (20%), and Maintenance, support and other (14%). With over half of revenue concentrated in Subscription, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including PANW (+15.4% YoY), CRWD (+22.0% YoY), and FTNT (+14.2% YoY), OSPN has underperformed the peer group in terms of revenue growth. Compare OSPN vs PANW →
Peer Comparison
Compare OSPN's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OSPNCurrent | $243M | +2.9% | +2.4% | 19.9% | |
| PANW | $9.2B | +15.4% | +22.0% | 13.5% | |
| CRWD | $4.0B | +22.0% | +52.4% | -3.0% | |
| FTNT | $6.8B | +14.2% | +21.3% | 30.6% | |
| ZS | $2.7B | +23.9% | +44.0% | -4.8% | |
| CYBR | $1.4B | +36.0% | +24.0% | -7.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $243.2M | +0.0% | $179.4M | 73.8% | $48.4M | 19.9% |
| 2024 | $243.2M | +3.4% | $174.6M | 71.8% | $44.8M | 18.4% |
| 2023 | $235.1M | +7.4% | $157.7M | 67.1% | $-28,871,000 | -12.3% |
| 2022 | $219.0M | +2.1% | $148.6M | 67.8% | $-27,115,000 | -12.4% |
| 2021 | $214.5M | -0.6% | $142.9M | 66.6% | $-26,128,000 | -12.2% |
| 2020 | $215.7M | -14.9% | $152.3M | 70.6% | $-5,258,000 | -2.4% |
| 2019 | $253.5M | +19.4% | $167.8M | 66.2% | $14.2M | 5.6% |
| 2018 | $212.3M | +9.8% | $147.5M | 69.5% | $24K | 0.0% |
| 2017 | $193.3M | +0.5% | $134.5M | 69.6% | $6.2M | 3.2% |
| 2016 | $192.3M | -20.4% | $130.7M | 67.9% | $9.6M | 5.0% |
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Start ComparisonFrequently Asked Questions
Is OSPN's revenue growth accelerating or slowing?
OSPN revenue growth slowed to +2.9%, below the 5-year CAGR of +2.4%. TTM revenue is $243M. The deceleration marks a shift from historical growth rates.
What is OSPN's long-term revenue growth rate?
OneSpan Inc.'s 5-year revenue CAGR of +2.4% reflects the variable expansion pattern. Current YoY growth of +2.9% is near this long-term average.
How is OSPN's revenue distributed by segment?
OSPN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.