In 2025, OneSpan reported strong profitability and growth in their software business, with double-digit subscription revenue growth. They hired a new CTO, acquired Knock, and invested in ThreatFabric. The company generated record adjusted EBITDA and cash from operations, ending the quarter with $180 million in annual recurring revenue, up 10% year over year. They are working on enhancing their value proposition to customers and expect growth in 2026.

The acquisition of Knock and the strategic investment in ThreatFabric have positioned OneSpan for future growth. The company is focused on improving its software business, which now accounts for over 80% of its overall business. They are optimistic about the opportunities presented by FIDO2 and mobile threat intelligence. The company is also working on internal development efforts to enhance its product portfolio and provide additional value to customers.

OneSpan expects growth in its software business as it continues to invest in internal R&D and pursue targeted technology-driven investments. The company has a balanced capital allocation strategy, focusing on shareholder returns, organic investments, and targeted M&A. They are making progress in building a foundation for long-term growth while maintaining profitability and returning capital to shareholders. The company is confident in its growth prospects and remains committed to delivering value to customers through continuous improvement.

Read more at Yahoo Finance: OneSpan (OSPN) Q3 2025 Earnings Call Transcript