Demand and volumenegative · 4 filings
“We believe comparison of revenues between periods is heavily influenced by the timing of orders and shipments, reflecting the transactional nature of significant parts of our business.”10-Q · Apr 30, 2026 ↗
OneSpan Inc.
OSPN
Market read
OneSpan Inc.'s move is being confirmed by its market group.
No new filing conclusion is available. 5 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Company+2.1% todayVolume comparison unavailable
Market group5 of 35 activeSoftware Stocks · inactive
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 23 of 35 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as ASAN begins moving with the group.
Invalidation: The live read weakens if participation falls to 12 of 35 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 5 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 23 of 35 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as ASAN begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements167
Verified relationships1
Evidence supporting the case
- Operating margin changed +1.5 percentage points in the latest annual period.
- Net margin changed +6.5 percentage points in the latest annual period.
Evidence challenging the case
- Demand and volume has repeated adverse evidence across 4 filings.
- Product pipeline and R&D has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
16.866m+60.8%12m+13.5%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$214.5M-0.6%$-0.77-1.1%
2022-12-31$219.0M+2.1%$-0.36+1.3%
2023-12-31$235.1M+7.4%$-0.74+0.1%
2024-12-31$243.2M+3.4%$1.46-2.8%
2025-12-31$243.2M+0.0%$1.88-0.5%
What management says matters
Persistent and emerging business drivers
Foreign exchangemixed · 4 filings
“The change was largely driven by increased foreign exchange transaction losses in 2026 compared to foreign exchange transaction losses in 2025 primarily due to the U.S.”10-Q · Apr 30, 2026 ↗
Legal and regulatory exposuremixed · 4 filings
“Costs are recorded in "Services and other cost of goods sold" on the condensed consolidated statements of operations.”10-Q · Apr 30, 2026 ↗
Product pipeline and R&Dnegative · 4 filings
“The decrease was largely driven by higher costs of golds sold, sales and marketing costs, and research and development costs and by lower product and license revenue, partially offset by increased service and other revenue.”10-Q · Apr 30, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
16.86+2.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for OSPN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for OSPN. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind OSPN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
DOCUDocuSign, Inc.competitorFeb 26, 2026 ▾
“Our primary competitors for electronic signature solutions are Docusign and Adobe Systems.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
OSPN is currently a Participant in the organic co-movement group Software Stocks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.