- Annual recurring revenue (ARR) reached $178 million, up 8% year-over-year including $8 million from the Nok Nok acquisition; excluding Nok Nok, ARR grew 3%.
- Digital Agreements ARR grew 4.5% to $63 million; revenue grew 1% with subscription revenue up 5%, offset by maintenance revenue declines from sunsetting on-premise e-signature products.
- GAAP operating income increased to $10.5 million from $7.6 million in Q2 2024; GAAP net income per share rose to $0.21 from $0.17.
- Gross margin improved to 73% in Q2 2025 from 66% in Q2 2024, driven by favorable product and customer mix and absence of prior year asset write-offs.
- Non-GAAP earnings per share increased to $0.34 from $0.31 in Q2 2024.
- OneSpan reported adjusted EBITDA of $18 million or 29.5% of revenue in Q2 2025, and a record adjusted EBITDA of $41 million (33% of revenue) for the first half of 2025.
- Operating cash flow for Q2 2025 was $6.2 million, up from $2.3 million in Q2 2024; cash and cash equivalents ended at $92.9 million.
- Security Solutions ARR was $114.5 million, up 9% year-over-year; security revenue declined 3% due to hardware and maintenance headwinds but subscription revenue grew 39%.
- Subscription revenue grew 22% in Q2 2025, driven by 39% growth in security and 5% growth in digital agreements.
- Total revenue declined modestly by 2% year-over-year to $59.8 million, primarily due to declines in security hardware revenue and maintenance revenue from contract transitions and sunsetted products.
Related items and other data are not available for this feed item.
Dafinchi