Shares of OneSpan Inc (OSPN) soared 5.05% in after-hours trading on Thursday, following the release of the company's impressive first-quarter 2025 financial results. The cybersecurity firm significantly outperformed analysts' expectations, demonstrating robust growth in key areas.

OneSpan reported adjusted earnings of $0.45 per share, surpassing the consensus estimate of $0.33 by a remarkable 36.36%. This represents a 15.38% increase from the same quarter last year. The company's revenue also beat expectations, coming in at $63.4 million compared to the estimated $62.6 million. Notably, the adjusted EBITDA of $23 million far exceeded the IBES estimate of $17.7 million, showcasing the company's improved profitability.

Other highlights from the earnings report include an annual recurring revenue of $168.4 million and subscription revenue of $43.6 million, indicating strong momentum in OneSpan's recurring revenue streams. The company also reported a solid gross profit of $47.1 million and operating income of $17.2 million. Looking ahead, OneSpan provided a positive outlook for the full year, projecting revenue between $245 million and $251 million, which likely contributed to investor optimism. The strong quarterly performance and upbeat guidance appear to be the primary drivers behind the stock's after-hours rally.