8-K Announcements
6Apr 1, 2026·SEC
Mar 27, 2026·SEC
Mar 19, 2026·SEC
ON24, Inc. (ONTF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ON24, Inc. (ONTF) stock price & volume — 10-year historical chart
ON24, Inc. (ONTF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
ON24, Inc. (ONTF) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.05vs $0.02+150.0% | $35Mvs $34M+1.9% |
| Q4 2025 | Nov 10, 2025 | $0.03vs $0.02+50.0% | $35Mvs $34M+1.8% |
| Q3 2025 | Aug 7, 2025 | $0.02vs $0.01+166.7% | $35Mvs $34M+4.8% |
| Q2 2025 | May 7, 2025 | $0.01vs $0.03+66.7% | $35Mvs $34M+1.5% |
ON24, Inc. (ONTF) competitors in Marketing automation and ad technology — business model, growth, and fundamentals comparison
ON24, Inc. (ONTF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ON24, Inc. (ONTF) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 82.61M | 89.13M | 156.94M | 203.61M | 190.87M | 163.71M | 148.08M | 139.31M |
| Revenue Growth % | - | 7.9% | 76.08% | 29.74% | -6.26% | -14.23% | -9.55% | -5.92% |
| Cost of Goods Sold | 24.92M | 27.14M | 33.34M | 47.37M | 52.78M | 46.26M | 38.01M | 35.34M |
| COGS % of Revenue | 30.17% | 30.45% | 21.24% | 23.26% | 27.65% | 28.26% | 25.67% | 25.37% |
| Gross Profit | 57.69M▲ 0% | 61.99M▲ 7.5% | 123.61M▲ 99.4% | 156.25M▲ 26.4% | 138.09M▼ 11.6% | 117.44M▼ 14.9% | 110.07M▼ 6.3% | 103.97M▼ 5.5% |
| Gross Margin % | 69.83% | 69.55% | 78.76% | 76.74% | 72.35% | 71.74% | 74.33% | 74.63% |
| Gross Profit Growth % | - | 7.46% | 99.39% | 26.41% | -11.62% | -14.95% | -6.28% | -5.54% |
| Operating Expenses | 73.77M | 78.09M | 101.76M | 179.84M | 197.67M | 179.45M | 160.73M | 139.74M |
| OpEx % of Revenue | 89.3% | 87.61% | 64.84% | 88.32% | 103.56% | 109.61% | 108.54% | 100.31% |
| Selling, General & Admin | 60.28M | 62.36M | 82.49M | 145M | 153.57M | 138.32M | 124.48M | 106.77M |
| SG&A % of Revenue | 72.97% | 69.97% | 52.56% | 71.21% | 80.46% | 84.49% | 84.06% | 76.64% |
| Research & Development | 14.34M | 15.73M | 19.27M | 34.84M | 44.1M | 41.12M | 36.25M | 32.97M |
| R&D % of Revenue | 17.36% | 17.65% | 12.28% | 17.11% | 23.11% | 25.12% | 24.48% | 23.67% |
| Other Operating Expenses | -850K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -16.09M▲ 0% | -16.1M▼ 0.1% | 21.84M▲ 235.7% | -23.59M▼ 208.0% | -59.58M▼ 152.6% | -62M▼ 4.1% | -50.66M▲ 18.3% | -35.77M▲ 29.4% |
| Operating Margin % | -19.47% | -18.06% | 13.92% | -11.59% | -31.22% | -37.87% | -34.21% | -25.68% |
| Operating Income Growth % | - | -0.1% | 235.66% | -208% | -152.58% | -4.06% | 18.3% | 29.38% |
| EBITDA | -14.1M | -6.76M | 24.82M | -19M | -52.2M | -56.64M | -45.83M | -30.93M |
| EBITDA Margin % | -17.07% | -7.58% | 15.81% | -9.33% | -27.35% | -34.6% | -30.95% | -22.2% |
| EBITDA Growth % | - | 52.07% | 467.12% | -176.55% | -174.79% | -8.5% | 19.09% | 32.51% |
| D&A (Non-Cash Add-back) | 1.98M | 9.34M | 2.97M | 4.59M | 7.38M | 5.36M | 4.83M | 4.84M |
| EBIT | -16.93M | -16.14M | 21.92M | -24.08M | -57.07M | -50.7M | -41.49M | -28.29M |
| Net Interest Income | -1.05M | -1.03M | -869K | 221K | 1.73M | 3.82M | 4.03M | -163K |
| Interest Income | 0 | 0 | 0 | 685K | 1.91M | 3.91M | 4.07M | 0 |
| Interest Expense | 1.05M | 1.03M | 869K | 464K | 181K | 93K | 34K | 163K |
| Other Income/Expense | -1.31M | -1.07M | -793K | -951K | 2.33M | 11.21M | 9.13M | 7.32M |
| Pretax Income | -17.39M▲ 0% | -17.17M▲ 1.3% | 21.05M▲ 222.6% | -24.54M▼ 216.6% | -57.25M▼ 133.3% | -50.79M▲ 11.3% | -41.52M▲ 18.2% | -28.45M▲ 31.5% |
| Pretax Margin % | -21.05% | -19.27% | 13.41% | -12.05% | -29.99% | -31.03% | -28.04% | -20.43% |
| Income Tax | 198K | 355K | 297K | -285K | 958K | 995K | 633K | 398K |
| Effective Tax Rate % | -1.14% | -2.07% | 1.41% | 1.16% | -1.67% | -1.96% | -1.52% | -1.4% |
| Net Income | -17.59M▲ 0% | -17.53M▲ 0.4% | 20.75M▲ 218.4% | -24.26M▼ 216.9% | -58.21M▼ 140.0% | -51.79M▲ 11.0% | -42.16M▲ 18.6% | -28.85M▲ 31.6% |
| Net Margin % | -21.29% | -19.66% | 13.22% | -11.91% | -30.5% | -31.63% | -28.47% | -20.71% |
| Net Income Growth % | - | 0.36% | 218.41% | -216.88% | -139.97% | 11.03% | 18.6% | 31.56% |
| Net Income (Continuing) | -17.59M | -17.53M | 20.75M | -24.26M | -58.21M | -51.79M | -42.16M | -28.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.55▲ 0% | -0.73▼ 32.7% | 0.09▲ 112.5% | -0.52▼ 670.8% | -1.23▼ 136.5% | -1.16▲ 5.7% | -1.01▲ 12.9% | -0.68▲ 32.7% |
| EPS Growth % | - | -32.73% | 112.48% | -670.8% | -136.54% | 5.69% | 12.93% | 32.67% |
| EPS (Basic) | -0.55 | -0.73 | 0.09 | -0.52 | -1.23 | -1.16 | -1.01 | -0.68 |
| Diluted Shares Outstanding | 40.75M | 44.47M | 44.47M | 47.73M | 47.49M | 44.64M | 41.76M | 42.45M |
| Basic Shares Outstanding | 40.75M | 44.47M | 44.47M | 47.73M | 47.49M | 44.64M | 41.76M | 42.45M |
| Dividend Payout Ratio | - | - | 0.3% | - | - | - | - | - |
ON24, Inc. (ONTF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 29M | 54.24M | 127.47M | 449.06M | 391.3M | 241.36M | 228.33M | 205.73M |
| Cash & Short-Term Investments | 8.95M | 23.84M | 61.24M | 382.56M | 328.12M | 198.71M | 182.74M | 167.53M |
| Cash Only | 6.95M | 18.84M | 58.24M | 164.95M | 27M | 53.21M | 14.93M | 37.01M |
| Short-Term Investments | 2M | 5M | 3M | 217.61M | 301.13M | 145.5M | 167.8M | 130.52M |
| Accounts Receivable | 17.91M | 22.6M | 49.49M | 46.12M | 43.76M | 37.94M | 28.62M | 24.64M |
| Days Sales Outstanding | 79.15 | 92.56 | 115.1 | 82.67 | 83.68 | 84.59 | 70.53 | 64.57 |
| Inventory | 0 | 5.57M | 10.53M | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | 74.92 | 115.28 | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 3.36M | 14.77M | 19.42M | 4.71M | 16.98M | 13.56M |
| Total Non-Current Assets | 5.71M | 14.3M | 29.25M | 31.43M | 34.18M | 38.94M | 22.62M | 22.63M |
| Property, Plant & Equipment | 5.68M | 5.37M | 9.05M | 8.78M | 12.82M | 8.35M | 8.97M | 10.33M |
| Fixed Asset Turnover | 14.55x | 16.60x | 17.34x | 23.19x | 14.89x | 19.60x | 16.51x | 13.49x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 1.98M | 1.3M | 660K | 156K |
| Long-Term Investments | 0 | 89K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 34K | 8.84M | 20.2M | 22.65M | 19.38M | 29.29M | 12.99M | 12.15M |
| Total Assets | 34.71M▲ 0% | 68.54M▲ 97.5% | 156.72M▲ 128.7% | 480.49M▲ 206.6% | 425.47M▼ 11.5% | 280.3M▼ 34.1% | 250.95M▼ 10.5% | 228.36M▼ 9.0% |
| Asset Turnover | 2.38x | 1.30x | 1.00x | 0.42x | 0.45x | 0.58x | 0.59x | 0.61x |
| Asset Growth % | - | 97.48% | 128.67% | 206.59% | -11.45% | -34.12% | -10.47% | -9% |
| Total Current Liabilities | 49.64M | 58.93M | 116.77M | 120.13M | 110.73M | 96.08M | 88.2M | 82.81M |
| Accounts Payable | 1.88M | 2.11M | 4.73M | 3.12M | 4.61M | 1.91M | 2.75M | 5.26M |
| Days Payables Outstanding | 27.54 | 28.36 | 51.79 | 24.07 | 31.88 | 15.1 | 26.37 | 54.32 |
| Short-Term Debt | 1.12M | 1.01M | 2.36M | 2.04M | 0 | 2.91M | 0 | 710K |
| Deferred Revenue (Current) | 35.05M | 44.44M | 92.24M | 96.22M | 83.45M | 74.36M | 66.69M | 60.27M |
| Other Current Liabilities | 7.65M | 7.08M | 11.93M | 10.42M | 13.07M | 12.68M | 16.39M | 16.56M |
| Current Ratio | 0.58x | 0.92x | 1.09x | 3.74x | 3.53x | 2.51x | 2.59x | 2.48x |
| Quick Ratio | 0.58x | 0.83x | 1.00x | 3.74x | 3.53x | 2.51x | 2.59x | 2.48x |
| Cash Conversion Cycle | - | 139.11 | 178.58 | - | - | - | - | - |
| Total Non-Current Liabilities | 24.18M | 26.96M | 29.75M | 5.27M | 6.78M | 4M | 3.34M | 6.1M |
| Long-Term Debt | 18.15M | 23.06M | 25.73M | 1.96M | 0 | 0 | 0 | 4.86M |
| Capital Lease Obligations | 1.81M | -3.12M | 0 | 1.65M | 5.04M | 2.48M | 1.02M | 0 |
| Deferred Tax Liabilities | 0 | 3.12M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.72M | 3.44M | 2.87M | 732K | 1.74M | 1.52M | 2.33M | 1.24M |
| Total Liabilities | 73.82M | 85.89M | 146.52M | 125.4M | 117.51M | 100.08M | 91.54M | 88.91M |
| Total Debt | 21.08M | 24.07M | 28.09M | 7.41M | 9.24M | 5.39M | 3.39M | 5.57M |
| Net Debt | 14.13M | 5.22M | -30.16M | -157.54M | -17.75M | -47.82M | -11.54M | -31.44M |
| Debt / Equity | - | - | 2.75x | 0.02x | 0.03x | 0.03x | 0.02x | 0.04x |
| Debt / EBITDA | - | - | 1.13x | - | - | - | - | - |
| Net Debt / EBITDA | - | - | -1.22x | - | - | - | - | - |
| Interest Coverage | -16.10x | -15.69x | 25.22x | -51.89x | -315.30x | -545.14x | -1220.26x | -173.57x |
| Total Equity | -39.12M▲ 0% | -17.35M▲ 55.6% | 10.2M▲ 158.8% | 355.09M▲ 3380.9% | 307.96M▼ 13.3% | 180.22M▼ 41.5% | 159.41M▼ 11.5% | 139.45M▼ 12.5% |
| Equity Growth % | - | 55.64% | 158.79% | 3380.93% | -13.27% | -41.48% | -11.54% | -12.52% |
| Book Value per Share | -0.96 | -0.39 | 0.23 | 7.44 | 6.49 | 4.04 | 3.82 | 3.29 |
| Total Shareholders' Equity | -39.12M | -17.35M | 10.2M | 355.09M | 307.96M | 180.22M | 159.41M | 139.45M |
| Common Stock | 1K | 1K | 1K | 5K | 5K | 4K | 4K | 3K |
| Retained Earnings | -176.42M | -192.02M | -171.26M | -195.52M | -253.73M | -305.51M | -347.67M | -376.52M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 78K | -2K | 94K | -235K | -872K | 435K | -111K | 247K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ON24, Inc. (ONTF) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -8.64M | -11.35M | 37.54M | 5.19M | -20.46M | -12.2M | 4.81M | 7.45M |
| Operating CF Margin % | -10.46% | -12.73% | 23.92% | 2.55% | -10.72% | -7.45% | 3.25% | 5.35% |
| Operating CF Growth % | - | -31.38% | 430.77% | -86.18% | -494.31% | 40.36% | 139.39% | 55.06% |
| Net Income | -17.59M | -17.53M | 20.75M | -24.26M | -58.21M | -51.79M | -42.16M | -28.85M |
| Depreciation & Amortization | 1.98M | 2.33M | 2.97M | 4.59M | 5.42M | 5.36M | 4.83M | 4.84M |
| Stock-Based Compensation | 1.46M | 2M | 2.93M | 25.65M | 38.54M | 45.02M | 45.19M | 28.68M |
| Deferred Taxes | 58K | 0 | 3.01M | 2.94M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 528K | 7.75M | 11.12M | 15.75M | 18.46M | 14.35M | 13.55M | 14.53M |
| Working Capital Changes | 4.92M | -5.91M | -3.24M | -19.49M | -24.67M | -25.14M | -16.6M | -11.75M |
| Change in Receivables | -3.3M | -5.43M | -29.02M | -443K | 482K | 2.76M | 7.16M | 2.86M |
| Change in Inventory | 0 | 0 | 0 | -3.01M | 0 | 0 | 0 | 0 |
| Change in Payables | -728K | 113K | 2.03M | -1.25M | 1.53M | -2.9M | -105K | 2.38M |
| Cash from Investing | 3.95M | -4.16M | 970K | -219.19M | -88.98M | 162.31M | -19.45M | 34.82M |
| Capital Expenditures | -3.43M | -1.16M | -1.03M | -3.56M | -3.7M | -2.18M | -2.24M | -3.48M |
| CapEx % of Revenue | 4.15% | 1.3% | 0.66% | 1.75% | 1.94% | 1.33% | 1.51% | 2.5% |
| Acquisitions | 0 | 0 | -2M | 215.63M | -2.5M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 2M | -215.63M | 0 | 0 | 0 | 0 |
| Cash from Financing | 3.5M | 27.58M | 804K | 320.51M | -28.62M | -124.18M | -23.27M | -20.39M |
| Debt Issued (Net) | 3.12M | 2.2M | -1.07M | -24.9M | -2.1M | -1.77M | -199K | -167K |
| Equity Issued (Net) | 376K | 24.95M | 3.77M | 347.22M | -29.13M | -74.57M | -25.78M | -20.22M |
| Dividends Paid | 0 | 0 | -63K | 0 | 0 | -49.87M | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -7.23M | -29.13M | -74.57M | -25.78M | -22.09M |
| Other Financing | 0 | 426K | -1.84M | -1.81M | 2.61M | 2.03M | 2.7M | 0 |
| Net Change in Cash | -1.11M▲ 0% | 11.99M▲ 1175.2% | 39.41M▲ 228.8% | 106.7M▲ 170.7% | -137.87M▼ 229.2% | 26.13M▲ 119.0% | -38.28M▼ 246.5% | 22.09M▲ 157.7% |
| Free Cash Flow | -12.07M▲ 0% | -12.51M▼ 3.7% | 36.51M▲ 391.8% | 1.63M▼ 95.5% | -24.16M▼ 1586.6% | -14.38M▲ 40.5% | 2.56M▲ 117.8% | 3.97M▲ 54.7% |
| FCF Margin % | -14.61% | -14.04% | 23.26% | 0.8% | -12.66% | -8.79% | 1.73% | 2.85% |
| FCF Growth % | - | -3.65% | 391.82% | -95.55% | -1586.65% | 40.45% | 117.83% | 54.7% |
| FCF per Share | -0.30 | -0.28 | 0.82 | 0.03 | -0.51 | -0.32 | 0.06 | 0.09 |
| FCF Conversion (FCF/Net Income) | 0.49x | 0.65x | 1.81x | -0.21x | 0.35x | 0.24x | -0.11x | -0.26x |
| Interest Paid | -978K | 1.39M | 967K | 652K | 148K | 50K | 2K | 0 |
| Taxes Paid | -155K | 238K | 183K | 337K | 382K | 1.23M | 856K | 0 |
ON24, Inc. (ONTF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | 203.44% | -13.28% | -17.56% | -21.22% | -24.82% | -19.31% |
| Return on Invested Capital (ROIC) | - | - | - | -19.92% | -18.32% | -22.01% | -27.11% | -20.97% |
| Gross Margin | 69.83% | 69.55% | 78.76% | 76.74% | 72.35% | 71.74% | 74.33% | 74.63% |
| Net Margin | -21.29% | -19.66% | 13.22% | -11.91% | -30.5% | -31.63% | -28.47% | -20.71% |
| Debt / Equity | - | - | 2.75x | 0.02x | 0.03x | 0.03x | 0.02x | 0.04x |
| Interest Coverage | -16.10x | -15.69x | 25.22x | -51.89x | -315.30x | -545.14x | -1220.26x | -173.57x |
| FCF Conversion | 0.49x | 0.65x | 1.81x | -0.21x | 0.35x | 0.24x | -0.11x | -0.26x |
| Revenue Growth | - | 7.9% | 76.08% | 29.74% | -6.26% | -14.23% | -9.55% | -5.92% |
ON24, Inc. (ONTF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 1, 2026·SEC
Mar 27, 2026·SEC
Mar 19, 2026·SEC
ON24, Inc. (ONTF) stock FAQ — growth, dividends, profitability & financials explained
ON24, Inc. (ONTF) reported $139.3M in revenue for fiscal year 2025. This represents a 69% increase from $82.6M in 2018.
ON24, Inc. (ONTF) saw revenue decline by 5.9% over the past year.
ON24, Inc. (ONTF) reported a net loss of $28.9M for fiscal year 2025.
ON24, Inc. (ONTF) has a return on equity (ROE) of -19.3%. Negative ROE indicates the company is unprofitable.
ON24, Inc. (ONTF) generated $4.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
ON24, Inc. (ONTF) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates