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ON24, Inc. (ONTF) 10-Year Financial Performance & Capital Metrics

ONTF • • Industrial / General
TechnologyApplication SoftwareMarketing & Customer EngagementCustomer Analytics
AboutON24, Inc. provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Experience products, such as ON24 Elite, a live and interactive webinar experience; ON24 Breakouts, a live breakout room experience that facilitates networking, collaboration and interactivity between users; ON24 Go Live, a live, interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; ON24 Virtual Confrence, a live and large scale virtual event experience; ON24 Engagement Hub, a rich multimedia content experience; and ON24 Target, a personalized and curated rich multimedia content experience, as well as solutions; ON24 Intelligence, an analytics backbone that captures first-person data to power the insights, benchmarking, reporting, and artificial intelligence and machine learning engine; and ON24 Connect, an ecosystem of third-party application integrations. It also offers professional services, such as experience management, monitoring, premium support, and implementation and other services. The company sells its products through direct sales. It serves technology, financial services, healthcare, industrial and manufacturing, professional services, and business-to-business information service industries. The company was formerly known as NewsDirect, Inc. and changed its name to ON24, Inc. in December 1998. The company was incorporated in 1998 and is headquartered in San Francisco, California.Show more
  • Revenue $148M -9.5%
  • EBITDA -$46M +19.1%
  • Net Income -$42M +18.6%
  • EPS (Diluted) -1.01 +12.9%
  • Gross Margin 74.33% +3.6%
  • EBITDA Margin -30.95% +10.6%
  • Operating Margin -34.21% +9.7%
  • Net Margin -28.47% +10.0%
  • ROE -24.82% -17.0%
  • ROIC -27.11% -23.2%
  • Debt/Equity 0.02 -28.9%
  • Interest Coverage -1489.91 -123.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 88 (top 12%)
  • ✓Strong 5Y sales CAGR of 10.7%
  • ✓Share count reduced 6.5% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y10.69%
3Y-10.07%
TTM-6.23%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM27.65%

EPS CAGR

10Y-
5Y-
3Y-
TTM28.85%

ROCE

10Y Avg-27.16%
5Y Avg0.93%
3Y Avg-23.9%
Latest-29.2%

Peer Comparison

Customer Analytics
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Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+82.61M89.13M156.94M203.61M190.87M163.71M148.08M
Revenue Growth %-0.08%0.76%0.3%-0.06%-0.14%-0.1%
Cost of Goods Sold+24.92M27.14M33.34M47.37M52.78M46.26M38.01M
COGS % of Revenue0.3%0.3%0.21%0.23%0.28%0.28%0.26%
Gross Profit+57.69M61.99M123.61M156.25M138.09M117.44M110.07M
Gross Margin %0.7%0.7%0.79%0.77%0.72%0.72%0.74%
Gross Profit Growth %-0.07%0.99%0.26%-0.12%-0.15%-0.06%
Operating Expenses+73.77M78.09M101.76M179.84M197.67M179.45M160.73M
OpEx % of Revenue0.89%0.88%0.65%0.88%1.04%1.1%1.09%
Selling, General & Admin60.28M62.36M82.49M145M153.57M138.32M124.48M
SG&A % of Revenue0.73%0.7%0.53%0.71%0.8%0.84%0.84%
Research & Development14.34M15.73M19.27M34.84M44.1M41.12M36.25M
R&D % of Revenue0.17%0.18%0.12%0.17%0.23%0.25%0.24%
Other Operating Expenses-256K000000
Operating Income+-16.09M-16.1M21.84M-23.59M-59.58M-62M-50.66M
Operating Margin %-0.19%-0.18%0.14%-0.12%-0.31%-0.38%-0.34%
Operating Income Growth %--0%2.36%-2.08%-1.53%-0.04%0.18%
EBITDA+-14.1M-6.76M24.82M-19M-52.2M-56.64M-45.83M
EBITDA Margin %-0.17%-0.08%0.16%-0.09%-0.27%-0.35%-0.31%
EBITDA Growth %-0.52%4.67%-1.77%-1.75%-0.08%0.19%
D&A (Non-Cash Add-back)1.98M9.34M2.97M4.59M7.38M5.36M4.83M
EBIT-16.34M-16.14M21.92M-24.08M-57.07M-50.7M-41.49M
Net Interest Income+-1.05M-1.03M-869K221K1.73M3.82M4.03M
Interest Income000685K1.91M3.91M4.07M
Interest Expense1.05M1.03M869K464K181K93K34K
Other Income/Expense-458K-1.07M-793K-951K2.33M11.21M9.13M
Pretax Income+-17.39M-17.17M21.05M-24.54M-57.25M-50.79M-41.52M
Pretax Margin %-0.21%-0.19%0.13%-0.12%-0.3%-0.31%-0.28%
Income Tax+198K355K297K-285K958K995K633K
Effective Tax Rate %1.01%1.02%0.99%0.99%1.02%1.02%1.02%
Net Income+-17.59M-17.53M20.75M-24.26M-58.21M-51.79M-42.16M
Net Margin %-0.21%-0.2%0.13%-0.12%-0.3%-0.32%-0.28%
Net Income Growth %-0%2.18%-2.17%-1.4%0.11%0.19%
Net Income (Continuing)-17.59M-17.53M20.75M-24.26M-58.21M-51.79M-42.16M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.43-0.390.09-0.52-1.23-1.16-1.01
EPS Growth %-0.09%1.23%-6.71%-1.37%0.06%0.13%
EPS (Basic)-0.43-0.390.09-0.52-1.23-1.16-1.01
Diluted Shares Outstanding40.75M44.47M44.47M47.73M47.49M44.64M41.76M
Basic Shares Outstanding40.75M44.47M44.47M47.73M47.49M44.64M41.76M
Dividend Payout Ratio--0%----

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+29M54.24M127.47M449.06M391.3M241.36M228.33M
Cash & Short-Term Investments8.95M23.84M61.24M382.56M328.12M198.71M182.74M
Cash Only6.95M18.84M58.24M164.95M27M53.21M14.93M
Short-Term Investments2M5M3M217.61M301.13M145.5M167.8M
Accounts Receivable17.91M22.6M49.49M46.12M43.76M37.94M28.62M
Days Sales Outstanding79.1592.56115.182.6783.6884.5970.53
Inventory05.57M10.53M0000
Days Inventory Outstanding-74.92115.28----
Other Current Assets003.36M14.77M19.42M4.71M16.98M
Total Non-Current Assets+5.71M14.3M29.25M31.43M34.18M38.94M22.62M
Property, Plant & Equipment5.68M5.37M9.05M8.78M12.82M8.35M8.97M
Fixed Asset Turnover14.55x16.60x17.34x23.19x14.89x19.60x16.51x
Goodwill0000000
Intangible Assets00001.98M1.3M660K
Long-Term Investments089K00000
Other Non-Current Assets34K8.84M20.2M22.65M19.38M29.29M12.99M
Total Assets+34.71M68.54M156.72M480.49M425.47M280.3M250.95M
Asset Turnover2.38x1.30x1.00x0.42x0.45x0.58x0.59x
Asset Growth %-0.97%1.29%2.07%-0.11%-0.34%-0.1%
Total Current Liabilities+49.64M58.93M116.77M120.13M110.73M96.08M88.2M
Accounts Payable1.88M2.11M4.73M3.12M4.61M1.91M2.75M
Days Payables Outstanding27.5428.3651.7924.0731.8815.126.37
Short-Term Debt1.12M1.01M2.36M2.04M02.91M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities7.65M7.08M11.93M10.42M13.07M12.68M16.39M
Current Ratio0.58x0.92x1.09x3.74x3.53x2.51x2.59x
Quick Ratio0.58x0.83x1.00x3.74x3.53x2.51x2.59x
Cash Conversion Cycle-139.11178.58----
Total Non-Current Liabilities+24.18M26.96M29.75M5.27M6.78M4M3.34M
Long-Term Debt19.96M23.06M25.73M1.96M000
Capital Lease Obligations-3.52M705K01.65M5.04M2.48M1.02M
Deferred Tax Liabilities3.52M3.12M00000
Other Non-Current Liabilities193K-382K2.87M732K1.74M1.52M2.33M
Total Liabilities73.82M85.89M146.52M125.4M117.51M100.08M91.54M
Total Debt+21.08M24.07M28.09M7.41M9.24M5.39M3.39M
Net Debt14.13M5.22M-30.16M-157.54M-17.75M-47.82M-11.54M
Debt / Equity--2.75x0.02x0.03x0.03x0.02x
Debt / EBITDA--1.13x----
Net Debt / EBITDA---1.22x----
Interest Coverage-15.29x-15.65x25.14x-50.84x-329.19x-666.68x-1489.91x
Total Equity+-39.12M-17.35M10.2M355.09M307.96M180.22M159.41M
Equity Growth %-0.56%1.59%33.81%-0.13%-0.41%-0.12%
Book Value per Share-0.96-0.390.237.446.494.043.82
Total Shareholders' Equity-39.12M-17.35M10.2M355.09M307.96M180.22M159.41M
Common Stock1K1K1K5K5K4K4K
Retained Earnings-176.42M-192.02M-171.26M-195.52M-253.73M-305.51M-347.67M
Treasury Stock0000000
Accumulated OCI78K-2K94K-235K-872K435K-111K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-8.64M-11.35M37.54M5.19M-20.46M-12.2M4.81M
Operating CF Margin %-0.1%-0.13%0.24%0.03%-0.11%-0.07%0.03%
Operating CF Growth %--0.31%4.31%-0.86%-4.94%0.4%1.39%
Net Income-17.59M-17.53M20.75M-24.26M-58.21M-51.79M-42.16M
Depreciation & Amortization1.98M2.33M2.97M4.59M5.42M5.36M4.83M
Stock-Based Compensation1.46M2M2.93M25.65M38.54M45.02M45.19M
Deferred Taxes58K03.01M2.94M000
Other Non-Cash Items528K7.75M11.18M15.75M18.46M14.35M13.55M
Working Capital Changes4.92M-5.91M-3.3M-19.49M-24.67M-25.14M-16.6M
Change in Receivables-3.3M-5.43M-29.02M-443K482K2.76M7.16M
Change in Inventory4.18M02.25M-3.01M000
Change in Payables-728K113K2.03M-1.25M1.53M-2.9M-105K
Cash from Investing+3.95M-4.16M970K-219.19M-88.98M162.31M-19.45M
Capital Expenditures-3.43M-1.16M-1.03M-3.56M-3.7M-2.18M-2.24M
CapEx % of Revenue0.04%0.01%0.01%0.02%0.02%0.01%0.02%
Acquisitions-------
Investments-------
Other Investing7.38M02M-215.63M000
Cash from Financing+3.5M27.58M804K320.51M-28.62M-124.18M-23.27M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid00-63K00-49.87M0
Share Repurchases-------
Other Financing0426K-1.84M-1.81M2.61M2.03M2.7M
Net Change in Cash-------
Free Cash Flow+-12.07M-12.51M36.51M1.63M-24.16M-14.38M2.56M
FCF Margin %-0.15%-0.14%0.23%0.01%-0.13%-0.09%0.02%
FCF Growth %--0.04%3.92%-0.96%-15.87%0.4%1.18%
FCF per Share-0.30-0.280.820.03-0.51-0.320.06
FCF Conversion (FCF/Net Income)0.49x0.65x1.81x-0.21x0.35x0.24x-0.11x
Interest Paid-978K1.39M967K652K148K50K2K
Taxes Paid-155K238K183K337K382K1.23M856K

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)--203.44%-13.28%-17.56%-21.22%-24.82%
Return on Invested Capital (ROIC)----19.92%-18.32%-22.01%-27.11%
Gross Margin69.83%69.55%78.76%76.74%72.35%71.74%74.33%
Net Margin-21.29%-19.66%13.22%-11.91%-30.5%-31.63%-28.47%
Debt / Equity--2.75x0.02x0.03x0.03x0.02x
Interest Coverage-15.29x-15.65x25.14x-50.84x-329.19x-666.68x-1489.91x
FCF Conversion0.49x0.65x1.81x-0.21x0.35x0.24x-0.11x
Revenue Growth-7.9%76.08%29.74%-6.26%-14.23%-9.55%

Revenue by Segment

2021202220232024
Subscription And Other Platform-171.84M149.88M136.41M
Subscription And Other Platform Growth---12.78%-8.99%
Professional Services-19.03M13.83M11.67M
Professional Services Growth---27.35%-15.60%
Digital Engagement Platform Subscription And Other Platforms175.78M---
Digital Engagement Platform Subscription And Other Platforms Growth----
Digital Engagement Platform Professional Service27.7M---
Digital Engagement Platform Professional Service Growth----
Legacy Subscription And Other Platforms99K---
Legacy Subscription And Other Platforms Growth----
Legacy Professional Service35K---
Legacy Professional Service Growth----

Revenue by Geography

2021202220232024
UNITED STATES150.58M144.87M126.15M113.76M
UNITED STATES Growth--3.79%-12.92%-9.82%
EMEA36.79M31.31M27.64M26.17M
EMEA Growth--14.89%-11.73%-5.32%
Other Geographical Area16.25M14.69M9.93M8.16M
Other Geographical Area Growth--9.55%-32.46%-17.82%

Frequently Asked Questions

Growth & Financials

ON24, Inc. (ONTF) reported $141.3M in revenue for fiscal year 2024. This represents a 71% increase from $82.6M in 2018.

ON24, Inc. (ONTF) saw revenue decline by 9.5% over the past year.

ON24, Inc. (ONTF) reported a net loss of $31.2M for fiscal year 2024.

Dividend & Returns

ON24, Inc. (ONTF) has a return on equity (ROE) of -24.8%. Negative ROE indicates the company is unprofitable.

ON24, Inc. (ONTF) generated $6.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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