OneSpan Inc. 2026年季度报告

OneSpan Inc.Form 10-Q PART I. FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026and December 31, 2025Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025 PART II. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk Factors OneSpan Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME OneSpan Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS OneSpan Inc.Notes to Condensed Consolidated Financial Statements Unless otherwise noted, references in this Quarterly Report on Form 10-Q to “OneSpan,” “Company,” “we,” “our,” and “us,” refer toOneSpan Inc. and its subsidiaries. Note 1 – Description of the Company and Basis of Presentation Description of the Company OneSpan helps organizations build secure, seamless, and trusted digital experiences through two solution portfolios: Cybersecurityand Digital Agreements. Our cybersecurity solutions protect identities, secure mobile apps, and safeguard access through advanced high-assurance authentication, threat intelligence, fraud prevention, and mobile app protection, defending users, devices, and applications againstsophisticated attacks. Our digital agreement solutions streamline agreement workflows with secure e-signatures, identity verification, and smartdigital forms, built to enable speed, compliance and exceptional customer experiences. Trusted by leading global enterprises, including more Dividends During the three months ended March31, 2026, the Company paid its quarterly cash dividend declared on February 26, 2026 as partof a recurring quarterly dividend program. The quarterly cash dividend of $0.13 per share was paid to shareholders of record as of the close of Share Repurchase Program During the three months ended March31, 2026, the Company repurchased 0.5million shares of its common stock for $5.4 millionunder its share repurchase program adopted in May 2024. As of March31, 2026, approximately $31.5 million remained available for potential Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of OneSpan and have been preparedpursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly,they do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“U.S. In the opinion of management, the accompanying unaudited condensed consolidated financial statements have been prepared on thesame basis as the audited consolidated financial statements, and include all adjustments, consisting only of normal recurring adjustments,necessary for the fair presentation of the results of the interim periods presented. Operating results for the three months ended March31, 2026 The condensed consolidated financial statements include the accounts of the Company. All intercompany accounts and transactionshave been eliminated in consolidation. Estimates and Assumptions The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date Foreign Currency Translation and Transactions The financial position and results of operations of the majority of the Company’s foreign subsidiaries are measured using the localcurrency as the functional currency. Accordingly, assets and liabilities are translated into U.S. Dollars using current exchange rates as of thebalance sheet date. Revenue and expenses are translated at average exchange rates prevailing during the year. Translation adjustments arisingfrom differences in exchange rates are charged or credited to other comprehensive income (loss). Gains and losses resulting from foreign Note 2 – Summary of Significant Accounting Policies There have been no changes to the significant accounting policies described in the Annual Report on Form 10-K for the year endedDecember31, 2025 filed with the SEC on February26, 2026 that impact the Company’s condensed consolidated financial statements and Other Accrued Expenses Other accrued expenses consist of the following: Recently Issued Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standardsetting bodies that are adopted by the Company as of the specified effective date. In November 2024, the FASB issued ASU 2024-03, Comprehensive Inco