Services-Computer Integrated Systems Design · SIC 7373

OneSpan Inc.

OSPN

Watch

Latest revenue

$65.9M

as of 2026-03-31

Latest net income

$11.6M

as of 2026-03-31

Net margin

17.5%

as of 2026-03-31

Price · 5Y

-11.7% / yr 31.4 pts / yr vs S&P 500 46.1% total
Compare:

Live market

delayed ≤15 min
$14.16
3.80%
Market cap
$525.0M
Enterprise value
$475.2M
P/E (trailing)
7.2×
Forward P/E
P/B
1.93×
Dividend yield
52-wk high
52-wk low
Beta
Shares out
37.1M

Community sentiment

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8.1
of 10

ActaClear Score

Strong
#2 of 47 in Services-Computer Integrated Systems Design
-0.1 · 2d
Profitability·25%
9.1
Growth·15%
4.8
Value·20%
9.3
Quality·20%
Momentum·20%
8.3

Computed from 5 years of SEC fundamentals + latest market data, ranked within Services-Computer Integrated Systems Design (47 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.

0.49
Price / FV

Fair value · DCF

Deeply undervalued
~103% upside at this growth
2.4% / yr
-5%30%
Terminal growthWACC 9.8% · 10y forecast
Market-implied growth at today's price: -8.7% / yrfor 10 years, holding WACC 9.8% and terminal 2.5%.
Current price
$14.42
DCF fair value
$29.31
FCF base (last FY)
$72.90M
Net debt
$-70.50M

DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.

Historical multiples

How does OSPN's current valuation compare to its own past?

Current P/E
7.2×
Own 5y average
9.4×
Own 5y median
9.4×
vs. own average
-23%
Industry 5y avg P/E
31.9×
Median P/E across the top 40 peers in Services-Computer Integrated Systems Design by market cap, then averaged across 6 years.
vs. industry
-77%
PEG (this co.)
2.97
5y revenue CAGR
2.4%
Industry PEG
3.77
Industry 5y avg growth
8.5%
Solid: this company. Dotted: industry median.
Dashed flat: own 5y avg.
Coloured dot at right: current P/E.

P/E uses year-end weekly close ÷ (net income ÷ shares outstanding today). Held shares constant at today's count, which understates the per-share earnings improvement from buybacks over the period. PEG uses 5y revenue CAGR as a proxy for EPS growth — close, but not identical (margin expansion or dilution can drive a wedge). Best read as a comparator across companies and industries, not as a precise replica of historical multiples.

5-year trend

What this company does

AI

Item 1 – Business Overview OneSpan helps organizations build secure, seamless, and trusted digital experiences through two solution portfolios: Cybersecurity and Digital Agreements. Our cybersecurity solutions protect identities, secure mobile apps, and safeguard access through advanced high-assurance authentication, threat intelligence, fraud prevention, and robust mobile app protection, defending users, devices, and applications against sophisticated attacks. Our digital agreement solutions streamline agreement workflows with secure e-signatures, identity verification, and smart digital forms, built to enable speed, compliance and exceptional customer experiences. Trusted by leading…

AI summary unavailable — showing raw filing excerpt

Generated from OSPN's filing dated 2026-02-26

Key risks

AI

Item 1A - Risk FactorsRisk Factors Summary Our business is subject to numerous risks and uncertainties, including those highlighted in the section titled “Risk Factors” immediately following this Risk Factors Summary. These summary risks provide an overview of many of the risks we are exposed to in the normal course of our business, some of which have manifested and any of which may occur in the future. As a result, the following summary risks do not contain all of the information that may be important to you, and you should read them together with the more detailed discussion of risks set forth following this section under the heading “Risk Factors,” and with the other information in this…

AI summary unavailable — showing raw filing excerpt

Generated from OSPN's filing dated 2026-02-26

Profitability

Gross margin

73.8%

2.7%

Operating margin

19.9%

8.1%

Net margin

30.0%

27.7%

Return on equity

26.8%

0.1%

Return on assets

18.3%

8.8%

Leverage

Debt / equity

0.46×

22.0%

Debt / assets

31.6%

15.1%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$65.9M+4.1%$11.6M-20.3%17.5%

Q4 2025

2025-12-31

$62.9M+2.9%$43.5M+51.3%69.2%

Q3 2025

2025-09-30

$57.1M+1.4%$6.5M-21.3%11.4%

Q2 2025

2025-06-30

$59.8M-1.8%$8.3M+27.3%13.9%

Q1 2025

2025-03-31

$63.4M-2.3%$14.5M+7.7%22.9%

Q4 2024

2024-12-31

$61.2M$28.8M47.1%

Q3 2024

2024-09-30

$56.2M-4.4%$8.3M+300.2%14.7%

Q2 2024

2024-06-30

$60.9M+9.3%$6.6M+136.9%10.8%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Services-Computer Integrated Systems Design · SIC 7373

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Insider activity

Insider buying

$711.3K

Insider selling

$284.7K

Net activity

+$426.7K

Distinct insiders

5

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-03-30

Lara Mataac

General Counsel

Purchasederiv.22,739$0.00$0
2026-03-16

Jorge Garcia Martell

Chief Financial Officer

Sale15,000$10.33$155.0K
2026-03-04

Marc Zenner

Director

Purchase3,300$10.54$34.8K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns OSPN

Institutional value

$165.3M

Total shares held

17.6M

Distinct holders

106

-89 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.3.7M$39.1M-17.5K (-0.5%)Trimmed
2Legal & General Group Plc2.0M$20.8M-329.3K (-14.3%)Trimmed
3VANGUARD CAPITAL MANAGEMENT LLC1.6M$16.9MNew
4DIMENSIONAL FUND ADVISORS LP1.5M$15.4M+349.6K (+31.4%)Added
5VANGUARD PORTFOLIO MANAGEMENT LLC1.4M$14.4MNew
6Bank of New York Mellon Corp504.1K$5.3M+2.0K (+0.4%)Added
7Russell Investments Group, Ltd.477.9K$5.0M+92.6K (+24.0%)Added
8DEPRINCE RACE & ZOLLO INC459.5K$4.8M+75.6K (+19.7%)Added
9JANE STREET GROUP, LLC331.4K$3.5M-72.2K (-17.9%)Trimmed
10ROYCE & ASSOCIATES LP270.2K$2.8M+210.2K (+350.3%)Added
11VANGUARD FIDUCIARY TRUST CO254.7K$2.7MNew
12Kovack Advisors, Inc.214.4K$2.3M-119.3K (-35.7%)Trimmed
13KENNEDY CAPITAL MANAGEMENT LLC192.3K$2.0M+3.5K (+1.9%)Added
14CLARK ESTATES INC/NY177.0K$1.9M+0 (+0.0%)No change
15JPMORGAN CHASE & CO175.6K$1.8M-63.3K (-26.5%)Trimmed
16IQ EQ FUND MANAGEMENT (IRELAND) Ltd157.5K$1.7M-269 (-0.2%)Trimmed
17FIRST TRUST ADVISORS LP147.7K$1.6M-1.4M (-90.4%)Trimmed
18EJF Capital LLC130.0K$1.4M+0 (+0.0%)No change
19Vanguard Global Advisers, LLC128.4K$1.4MNew
20Y-Intercept (Hong Kong) Ltd119.4K$1.3M+107.0K (+858.5%)Added

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

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