OneSpan Inc.

OSPN · Technology · $579.8M mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power100

Median gross margin 68.3% over 10y, very stable.

Returns on capital7

Median ROIC 1.0%, above the 9% hurdle in 20% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline94

Owner earnings +16.1%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $15.52
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell OSPN. See the disclaimer.