OneSpan Inc. (OSPN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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OSPN Revenue Growth
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 May 8, 2026, OneSpan Inc. (OSPN) generated trailing twelve-month (TTM) revenue of $245.8 million, reflecting modest growth of +4.1% year-over-year. The most recent quarter (Q1 2026) recorded $65.9 million in revenue, up 4.8% 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 QLYS (+10.2% YoY), ALKT (+32.7% YoY), and NCNO (+12.1% YoY), OSPN has underperformed the peer group in terms of revenue growth. Compare OSPN vs QLYS →
OSPN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OSPNCurrent | $246M | +4.1% | +2.4% | 20.6% | |
 QLYS | $669M | +10.2% | +13.0% | 33.2% | |
 ALKT | $444M | +32.7% | +31.7% | -12.1% | |
 NCNO | $541M | +12.1% | +31.4% | -3.4% | |
 TNET | $5.0B | -3.0% | +4.4% | 5.3% | |
 DOCN | $901M | +17.6% | +23.1% | 17.4% |
OSPN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $243.2M | +0.0% | $171.9M | 70.7% | $50.1M | 20.6% |
| 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 ComparisonOSPN — Frequently Asked Questions
Quick answers to the most common questions about buying OSPN stock.
Is OSPN's revenue growth accelerating or slowing?
OSPN revenue growth slowed to +4.1%, below the 5-year CAGR of +2.4%. TTM revenue is $246M. 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 +4.1% 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.