The company maintains a robust liquidity profile with $693.6M in cash and a healthy current ratio of 2.31 as of 2025Q4, providing substantial financial flexibility.
| Total Current Assets | 935.42M | 737.37M | 269.01M | 235.99M |
| Cash & Short-Term Investments | 693.58M | 544.17M | 117.09M | 100.84M |
| Cash Only | 693.58M | 544.17M | 117.09M | 14.69M |
| Short-Term Investments | 0 | 0 | 0 | 86.15M |
| Accounts Receivable | 196.67M | 152.31M | 138.83M | 125.83M |
| Days Sales Outstanding | 119.26 | 113.59 | 135.15 | 164.42 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 45.17M | 40.88M | 13.1M | 9.33M |
| Total Non-Current Assets | 90.34M | 85.86M | 92.55M | 84.02M |
| Property, Plant & Equipment | 20.78M | 26.79M | 28.82M | 24.93M |
| Fixed Asset Turnover | 28.97x | 18.27x | 13.01x | 11.20x |
| Goodwill | 12.55M | 9.28M | 0 | 0 |
| Intangible Assets | 2.52M | 2.57M | 0 | 0 |
| Long-Term Investments | 0 | 800K | 2.01M | 4.96M |
| Other Non-Current Assets | 54.5M | 46.42M | 61.71M | 54.12M |
| Total Assets | 1.03B | 823.22M | 361.56M | 320.01M |
| Asset Turnover | 0.59x | 0.59x | 1.04x | 0.87x |
| Asset Growth % | 24.6% | 127.69% | 12.98% | - |
| Total Current Liabilities | 405.75M | 312.18M | 232.37M | 173.09M |
| Accounts Payable | 21.36M | 19.56M | 8.27M | 18.82M |
| Days Payables Outstanding | 41.33 | 39.82 | 26.38 | 74.26 |
| Short-Term Debt | 3.38M | 3.24M | 2.5M | 2.16M |
| Deferred Revenue (Current) | 317.58M | 239.29M | 177.47M | 113.35M |
| Other Current Liabilities | 63.43M | 27.54M | 44.13M | 9.54M |
| Current Ratio | 2.31x | 2.36x | 1.16x | 1.36x |
| Quick Ratio | 2.31x | 2.36x | 1.16x | 1.36x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 20.34M | 20.09M | 22.66M | 19.78M |
| Long-Term Debt | 11.42M | 0 | 0 | 3.5M |
| Capital Lease Obligations | 0 | 15.36M | 17.52M | 13.26M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.92M | 216K | 0 | 0 |
| Total Liabilities | 426.1M | 332.26M | 255.03M | 192.88M |
| Total Debt | 14.8M | 18.59M | 20.03M | 18.91M |
| Net Debt | -678.78M | -525.58M | -97.06M | 4.22M |
| Debt / Equity | 0.02x | 0.04x | 0.19x | 0.15x |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - |
| Interest Coverage | - | - | - | -1118.58x |
| Total Equity | 599.67M | 490.96M | 106.53M | 127.14M |
| Equity Growth % | 22.14% | 360.88% | -16.21% | - |
| Book Value per Share | 3.29 | 2.83 | 0.68 | 0.55 |
| Total Shareholders' Equity | 504.71M | 386.17M | 106.53M | 127.14M |
| Common Stock | 14K | 23K | 71.57M | 63.06M |
| Retained Earnings | -381.63M | -331.33M | -174.16M | -145.22M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 533K | -599K | -625K | -429K |
| Minority Interest | 94.96M | 104.78M | 0 | 0 |
High customer acquisition costs
As reported in recent financial statements, OneStream's total assets have surged from $379.7M in 2024Q2 to $1.0B by 2025Q4, a trajectory largely driven by the successful capital infusion from its public market debut which has fundamentally transformed the company's financial flexibility and overall resource base.
The rapid expansion of the asset base suggests that the company is well-positioned to fund its ongoing growth initiatives without immediate reliance on external debt markets. Investors should monitor whether this asset growth translates into sustained operational efficiency or if it leads to bloated overhead as the company scales.
Based on the latest quarterly filings, OneStream maintains a strong liquidity profile with $693.6M in cash and a current ratio of 2.31, providing a substantial buffer against operational volatility and ensuring the company can continue its aggressive market expansion strategy without immediate liquidity concerns.
The significant cash balance relative to the company's operating losses indicates a conservative capital management approach that prioritizes long-term stability over short-term capital efficiency. This liquidity cushion appears sufficient to support the company's current burn rate for several years, assuming no major shifts in the competitive landscape.
According to the provided balance sheet data, equity has grown from $97.5M in 2024Q2 to $504.7M in 2025Q4, reflecting the successful conversion of external capital into a more stable equity base that supports the company's long-term strategic objectives and reduces reliance on debt financing.
While the equity base has expanded, the persistent negative retained earnings of $381.6M serve as a reminder of the company's ongoing investment phase and the costs associated with scaling its platform. Analysts should evaluate whether the current equity structure provides enough protection against potential future impairment risks or if further dilution may be required.
As reported in recent financial statements, deferred revenue has climbed steadily to $317.6M in 2025Q4, which suggests that the company is successfully securing multi-year commitments that provide a predictable foundation for future revenue recognition and validate the platform's stickiness within the enterprise market.
The growth in deferred revenue is a positive indicator of customer retention and the success of the company's subscription-based model. Investors should watch for any deceleration in this metric, as it may imply a softening in new contract acquisitions or a shift in the timing of customer renewals.
Quick answers to the most common questions about buying OS stock.
As of 2025, OneStream, Inc. Class A Common Stock (OS) had total assets of $1.03B including $935.4M in current assets.
OneStream, Inc. Class A Common Stock (OS) carries total debt of $14.8M, offset by $693.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
OneStream, Inc. Class A Common Stock (OS) has total shareholders' equity (book value) of $504.7M ($3.29 book value per share). Book value represents the net worth of the company belonging to common stock holders.
OneStream, Inc. Class A Common Stock (OS) reported a current ratio of 2.31x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.