OneSpan | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 59.84 M

LB filings
2025.08.05 21:20
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Revenue: As of FY2025 Q2, the actual value is USD 59.84 M, beating the estimate of USD 59.05 M.

EPS: As of FY2025 Q2, the actual value is USD 0.21, missing the estimate of USD 0.22.

EBIT: As of FY2025 Q2, the actual value is USD 10.57 M.

Security Solutions Segment

  • Revenue: $44.2 million for the three months ended June 30, 2025, compared to $45.5 million for the same period in 2024, representing a decrease of 3%.
  • Gross Profit: $32.8 million for the three months ended June 30, 2025, compared to $30.6 million for the same period in 2024, representing an increase of 7%.
  • Operating Income: $19.8 million for the three months ended June 30, 2025, compared to $20.7 million for the same period in 2024, representing a decrease of 4%.

Digital Agreements Segment

  • Revenue: $15.6 million for the three months ended June 30, 2025, compared to $15.5 million for the same period in 2024, representing an increase of 1%.
  • Gross Profit: $11.1 million for the three months ended June 30, 2025, compared to $9.7 million for the same period in 2024, representing an increase of 14%.
  • Operating Income: $2.9 million for the three months ended June 30, 2025, compared to an operating loss of $0.2 million for the same period in 2024.

Corporate and Other

  • Operating Loss: - $12.2 million for the three months ended June 30, 2025, compared to - $12.9 million for the same period in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $35.6 million for the six months ended June 30, 2025, compared to $29.3 million for the same period in 2024.
  • Net Cash Used in Investing Activities: - $15.5 million for the six months ended June 30, 2025, compared to - $5.4 million for the same period in 2024.
  • Net Cash Used in Financing Activities: - $12.2 million for the six months ended June 30, 2025, compared to - $2.0 million for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: OneSpan aims to drive profitable, efficient growth in both operating segments, with a particular emphasis on subscription revenue growth.
  • Restructuring Plan: The company plans to continue restructuring actions until December 31, 2025, focusing on cost reduction and efficiency improvements.
  • Business Acquisition: The acquisition of Nok Nok Labs is expected to provide customers with a wider range of flexible, adaptable authentication options.
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