OneSpan publishes transcript of Q1 2026 earnings call
OneSpan Inc.
OneSpan Inc. OSPN | 0.00 |
- OneSpan Q1 2026 earnings call featured CEO Victor Limongelli, CFO Jorge Martell, IR VP Joe Maxa; analysts included Erik Suppiger (B. Riley), Rudy Kessinger (D.A. Davidson), Gray Powell (BTIG), Anja Soderstrom (Sidoti), Catharine Trebnick (Rosenblatt).
- Q1 results showed revenue USD 65.9 million, subscription revenue up 8.2% to USD 52.7 million, adjusted EBITDA USD 21 million with 31.9% margin; ARR rose 14.1% to USD 192.1 million with net retention 105%.
- Management highlighted gross revenue retention of 90% overall, 94% in Digital Agreements; Digital Agreements revenue rose 11.2% to USD 17.4 million while Cybersecurity revenue increased 1.7% to USD 48.5 million as hardware stayed in secular decline.
- Build38 acquisition closed Feb. 27 for nearly USD 35 million, adding SDK-based mobile app shielding with telemetry; Nok Nok ARR reached USD 9.7 million versus USD 8.1 million at purchase, with management positioning password-less authentication as a core upsell and retention driver.
- Outlook kept full-year revenue guidance at USD 244 million-USD 249 million, raised ARR view to USD 194 million-USD 198 million; CFO flagged a Q2 ARR headwind of about USD 3 million from two non-renewals, with growth expected to skew to second half and mainly Q4.
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