Here are the 10-K annual reports from OneSpan Inc. (OSPN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OSPN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OSPN filings page.
OneSpan Inc. describes a 2025 transition year where total revenue was roughly flat versus 2024, but the business continued to operate profitably after cost reductions that returned it to operating profitability in late 2023. The company is shifting from its legacy Digipass hardware tokens, which fell to 20% of revenue in 2025 from 78% in 2015, toward higher‑margin software in its Cybersecurity and Digital Agreements segments.
To support growth, OneSpan acquired Nok Nok Labs in June 2025 for FIDO‑based passwordless authentication, agreed in December 2025 to acquire mobile app protection provider Build38, and made a strategic investment in ThreatFabric for mobile threat intelligence. It also secured a $100 million revolving credit facility maturing in 2030 and returned about $31.6 million to shareholders via dividends and buybacks in 2025.
OneSpan highlights exposure to intense competition from larger players, rising AI‑driven cyber threats, complex global supply chains for Digipass devices, and extensive international regulatory and operational risks. The company ended 2025 with 602 employees across the Americas, EMEA and Asia Pacific, emphasizing talent retention, hybrid work, and relatively low voluntary turnover.