4Q:25 results were strong, aided by a contract renewal that was pulled into the end of 2025. GAAP EPS were helped by a tax benefit related to the release of a valuation allowance.
We expect 2026 to focus on growth initiatives with investments in sales and marketing and research and development. We anticipate seeing tangible results toward the end of 2026 with an acceleration in growth in 2027.
We adjust our 2026 and 2027 projections based on the company's 2026 guidance and management's commentary. While we increase our revenue forecast, we are also increasing our expense assumptions as we expect OSPN to invest in sales and marketing and R&D to drive accelerated growth.
27 Feb 2026
Solid 4Q:25 Results; Increase Our 2026 And 2027 Revenue Projections And Expect Growth Initiatives To Pressure Margins In 2026; Solid Financials: Maintain $16 Price Target, Moderate Risk
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Solid 4Q:25 Results; Increase Our 2026 And 2027 Revenue Projections And Expect Growth Initiatives To Pressure Margins In 2026; Solid Financials: Maintain $16 Price Target, Moderate Risk
4Q:25 results were strong, aided by a contract renewal that was pulled into the end of 2025. GAAP EPS were helped by a tax benefit related to the release of a valuation allowance.
We expect 2026 to focus on growth initiatives with investments in sales and marketing and research and development. We anticipate seeing tangible results toward the end of 2026 with an acceleration in growth in 2027.
We adjust our 2026 and 2027 projections based on the company's 2026 guidance and management's commentary. While we increase our revenue forecast, we are also increasing our expense assumptions as we expect OSPN to invest in sales and marketing and R&D to drive accelerated growth.