NYSE$ONTF

ON24 Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

ON24 exceeded profitability targets for the seventh consecutive quarter and generated positive operating and free cash flow for the fourth consecutive quarter.

ON24 reported a total revenue of $36.7 million for Q4 2024, exceeding profitability targets for the seventh consecutive quarter and generating positive operating and free cash flow. The company also achieved its highest-ever AI-powered ACE growth ARR bookings and improved gross retention rates.

  • Achieved Q4 2024 total revenue of $36.7 million.
  • Exceeded profitability targets for the 7th consecutive quarter.
  • Generated positive operating and free cash flow for the 4th consecutive quarter.
  • AI-powered ACE accounted for over 20% of growth ARR bookings in Q4, an all-time high, and exited 2024 with the highest levels of gross retention in the past 3 years.

Headline financials

Total Revenue

$36.7M

Previous: $39.3M-6.7%
EPS (adj)

$0.06

Previous: $0.06+0.0%
Total ARR

$130M

No prior period
Core Platform ARR

$127M

No prior period
Capital Expenditures

-$561K

Previous: -$1.11M+49.3%
Net Income

-$8.87M

Previous: -$9.88M+10.2%
Operating Income

-$11.8M

Previous: -$11.6M-1.1%
Gross Profit

$27.3M

Previous: $29.3M-6.7%
R&D Expense

$8.75M

Previous: $9.11M-4.0%

Revenue & EPS history

ON24 · Revenue · Quarterly

$36.7M

Q4 2024-6.7%vs Q4 2023
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

ON24 · $40.5M total across 1 segment · Q2 2023

  • Core Platform
    $40.5M

Forward guidance

For the full year 2025, ON24 expects total revenue to be in the range of $138.6 million to $141.6 million, and non-GAAP net income per share of $0.02 to $0.05. For the first quarter of 2025, total revenue is expected to be between $34.0 million and $34.5 million, with a non-GAAP net loss per share of $(0.03) to $(0.01).

Tailwinds

  • Expected non-GAAP net income per share of $0.02 to $0.05 for the full year 2025.
  • Core Platform Revenue, including services, to be in the range of $136.3 million to $139.3 million for the full year 2025.
  • Total revenue of $138.6 million to $141.6 million for the full year 2025.
  • Core Platform Revenue, including services, to be in the range of $33.4 million to $33.9 million for Q1 2025.
  • Total revenue of $34.0 million to $34.5 million for Q1 2025.

Headwinds

  • Expected non-GAAP operating loss of $5.5 million to $3.5 million for the full year 2025.
  • Expected non-GAAP operating loss of $3.3 million to $2.3 million for Q1 2025.
  • Expected non-GAAP net loss per share of $(0.03) to $(0.01) for Q1 2025.
  • Restructuring charge of $0.8 million to $1.0 million for Q1 2025, excluded from non-GAAP metrics.
  • Approximately 47.5 million diluted shares outstanding for full year 2025 non-GAAP net income per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-4.1%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-3.5%

Avg return

30 days after

29%

7 / 24 earnings

Positive

+14.1%

Q3 2025

Best reaction

-31.5%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.1%+0.1%+0.9%
Q3 2025+14.1%+11.4%+20.4%
Q2 2025+3.8%+10.6%+15.9%
Q1 2025+0.6%+14.6%+17.2%
Q4 2024-4.1%-8.9%-11.1%
Q3 2024-0.8%-1.7%+0.0%
Q2 2024+1.2%+3.4%+1.7%
Q1 2024-6.5%-4.4%-15.8%
Q4 2023-9.5%-6.4%-11.7%
Q3 2023+2.0%+7.3%+16.9%
Q2 2023-14.4%-15.4%-17.3%
Q1 2023-1.1%-3.3%-8.6%
Q4 2022-19.0%-16.1%-13.2%
Q3 2022+4.3%+7.8%+4.3%
Q2 2022+0.3%-1.3%-9.6%
Q1 2022-6.7%-12.0%-2.8%
Q4 2019-1.9%+17.3%+9.2%
Q4 2021-9.6%-14.6%-11.6%
Q3 2020-2.2%+2.3%-0.7%
Q3 2021-1.7%-5.7%-4.9%
Q2 2020-1.5%-6.8%-5.2%
Q2 2021-31.5%-32.5%-34.0%
Q1 2021-12.8%-12.0%-4.8%
Q4 2020-2.2%-4.5%-19.5%
Q1 2020
Q3 2019

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