OneSpan discussed Q2 2026 results on an earnings call attended by CEO Victor Limongelli, CFO Jorge Martell, IR VP Joe Maxa, and analysts from BTIG, Rosenblatt, B. Riley, D.A. Davidson, and Sidoti.
Q2 revenue was USD 60.5 million; subscription revenue rose 11% to USD 47 million; adjusted EBITDA was USD 16.9 million; ARR was USD 189.7 million; and NRR was 103%.
The company launched the DigipassONE authentication platform, combining Nok Nok and Build38 with existing capabilities, and management said it should help lift cross-sell into the bank customer base.
Digital Agreements revenue increased 25.2% to USD 19.5 million on overages, and CFO Jorge Martell said the overages were concentrated in a couple of customers and are viewed as a leading indicator for expansion.
OneSpan raised its full-year outlook to revenue of USD 248-252 million, software and services revenue of USD 202-204 million, hardware revenue of USD 46-48 million, and adjusted EBITDA of USD 67-71 million.
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