OneStream Announces Second Quarter 2025 Financial Results
OneStream (NASDAQ: OS) reported strong Q2 2025 financial results with total revenue of $147.6 million, up 26% year-over-year, and subscription revenue of $133.6 million, increasing 30% YoY. The company posted a GAAP operating loss of $32.2 million but achieved a non-GAAP operating income of $1.6 million with a 1% margin.
Key developments include the launch of new SensibleAI solutions, enhanced platform capabilities with Version 9, and a Microsoft Fabric integration. For FY2025, OneStream projects revenue between $586M-$590M and non-GAAP operating margin of 1-3%.
The company's free cash flow strengthened to $29.4 million, compared to $7.7 million in Q2 2024, demonstrating improved operational efficiency.
OneStream (NASDAQ: OS) ha riportato solidi risultati finanziari per il secondo trimestre 2025 con un fatturato totale di 147,6 milioni di dollari, in crescita del 26% rispetto all'anno precedente, e un fatturato da abbonamenti di 133,6 milioni di dollari, in aumento del 30% su base annua. L'azienda ha registrato una perdita operativa GAAP di 32,2 milioni di dollari, ma ha raggiunto un utile operativo non-GAAP di 1,6 milioni di dollari con un margine dell'1%.
Tra gli sviluppi chiave si segnalano il lancio delle nuove soluzioni SensibleAI, il potenziamento delle funzionalità della piattaforma con la Versione 9 e l'integrazione con Microsoft Fabric. Per l'anno fiscale 2025, OneStream prevede un fatturato compreso tra 586 e 590 milioni di dollari e un margine operativo non-GAAP tra l'1% e il 3%.
Il flusso di cassa libero della società è migliorato raggiungendo 29,4 milioni di dollari, rispetto ai 7,7 milioni del secondo trimestre 2024, dimostrando una maggiore efficienza operativa.
OneStream (NASDAQ: OS) reportó sólidos resultados financieros en el segundo trimestre de 2025 con ingresos totales de 147,6 millones de dólares, un aumento del 26% interanual, y ingresos por suscripción de 133,6 millones de dólares, incrementándose un 30% respecto al año anterior. La compañía registró una pérdida operativa GAAP de 32,2 millones de dólares, pero logró un ingreso operativo non-GAAP de 1,6 millones de dólares con un margen del 1%.
Los desarrollos clave incluyen el lanzamiento de nuevas soluciones SensibleAI, mejoras en las capacidades de la plataforma con la Versión 9 y una integración con Microsoft Fabric. Para el año fiscal 2025, OneStream proyecta ingresos entre 586 y 590 millones de dólares y un margen operativo non-GAAP de entre el 1% y el 3%.
El flujo de caja libre de la empresa se fortaleció hasta 29,4 millones de dólares, en comparación con 7,7 millones en el segundo trimestre de 2024, demostrando una mayor eficiencia operativa.
OneStream (NASDAQ: OS)은 2025년 2분기 강력한 재무 실적을 보고했습니다. 총 매출 1억 4760만 달러로 전년 동기 대비 26% 증가했으며, 구독 매출은 1억 3360만 달러로 30% 성장했습니다. 회사는 GAAP 기준 영업 손실 3220만 달러를 기록했으나, 비GAAP 영업이익 160만 달러를 1% 마진으로 달성했습니다.
주요 발전 사항으로는 새로운 SensibleAI 솔루션 출시, 버전 9를 통한 플랫폼 기능 강화, 마이크로소프트 패브릭 통합이 포함됩니다. 2025 회계연도에 OneStream은 매출을 5억 8600만~5억 9000만 달러로, 비GAAP 영업 마진을 1~3%로 예상합니다.
회사의 자유 현금 흐름은 2024년 2분기 770만 달러에서 2940만 달러로 강화되어 운영 효율성이 개선되었음을 보여줍니다.
OneStream (NASDAQ : OS) a annoncé de solides résultats financiers pour le deuxième trimestre 2025 avec un chiffre d'affaires total de 147,6 millions de dollars, en hausse de 26 % d'une année sur l'autre, et un chiffre d'affaires par abonnement de 133,6 millions de dollars, en progression de 30 % sur un an. La société a enregistré une perte d'exploitation selon les normes GAAP de 32,2 millions de dollars, mais a réalisé un résultat d'exploitation non-GAAP de 1,6 million de dollars avec une marge de 1 %.
Les développements clés incluent le lancement de nouvelles solutions SensibleAI, des capacités renforcées de la plateforme avec la Version 9, ainsi qu'une intégration avec Microsoft Fabric. Pour l'exercice 2025, OneStream prévoit un chiffre d'affaires compris entre 586 et 590 millions de dollars et une marge d'exploitation non-GAAP de 1 à 3 %.
La trésorerie disponible de l'entreprise s'est renforcée à 29,4 millions de dollars, contre 7,7 millions au deuxième trimestre 2024, démontrant une meilleure efficacité opérationnelle.
OneStream (NASDAQ: OS) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Gesamtumsatz von 147,6 Millionen US-Dollar, was einem Anstieg von 26 % im Jahresvergleich entspricht, und einem Abonnementumsatz von 133,6 Millionen US-Dollar, der um 30 % gegenüber dem Vorjahr zunahm. Das Unternehmen verzeichnete einen GAAP-Betriebsverlust von 32,2 Millionen US-Dollar, erzielte jedoch ein Non-GAAP-Betriebsergebnis von 1,6 Millionen US-Dollar bei einer Marge von 1 %.
Zu den wichtigsten Entwicklungen zählen die Einführung neuer SensibleAI-Lösungen, erweiterte Plattformfunktionen mit Version 9 und eine Integration von Microsoft Fabric. Für das Geschäftsjahr 2025 prognostiziert OneStream einen Umsatz zwischen 586 und 590 Millionen US-Dollar sowie eine Non-GAAP-Betriebsmarge von 1 bis 3 %.
Der freie Cashflow des Unternehmens verbesserte sich auf 29,4 Millionen US-Dollar im Vergleich zu 7,7 Millionen im zweiten Quartal 2024, was eine gesteigerte operative Effizienz zeigt.
- Total revenue grew 26% YoY to $147.6 million
- Subscription revenue increased 30% YoY to $133.6 million
- Free cash flow significantly improved to $29.4 million from $7.7 million YoY
- Achieved non-GAAP operating income of $1.6 million, compared to previous year's loss
- Strong guidance with projected FY25 revenue of $586M-$590M
- GAAP operating loss widened to $32.2 million from $11.6 million YoY
- GAAP operating margin deteriorated to -22% from -10% YoY
- GAAP net loss per share of ($0.10)
- Significant equity-based compensation expense of $31.4 million
Insights
OneStream shows strong 26% revenue growth with improving profitability metrics despite widening GAAP losses due to equity compensation.
OneStream delivered a solid Q2 with total revenue reaching
The company's profitability metrics show a meaningful inflection point. While GAAP operating loss widened to
Cash generation metrics are particularly strong, with operating cash flow tripling to
For forward guidance, OneStream projects Q3 revenue of
OneStream's product development is focused heavily on AI integration, with several new SensibleAI solutions announced during their recent user conference. This strategic focus on embedding AI throughout their finance platform positions them to capitalize on the growing demand for intelligent automation in financial operations.
Second Quarter 2025 Financial Highlights
- Total Revenue:
$147.6 million 26% year-over-year.
- Subscription Revenue:
$133.6 million 30% year-over-year.
- GAAP Operating Loss and Operating Margin: GAAP operating loss was
$32.2 million $11.6 million 22% ) compared to (10% ) for the second quarter of 2024. This included equity-based compensation expense of$31.4 million $2.7 million
- Non-GAAP Operating Income / Loss and Non-GAAP Operating Margin: Non-GAAP operating income was
$1.6 million $8.7 million 1% compared to (7% ) for the second quarter of 2024.
- GAAP Net Loss Per Share - Basic: GAAP basic net loss per share was (
$0.10
- Non-GAAP Net Income Per Share: Non-GAAP net income per share was
$0.05
- Net Cash Provided by Operating Activities: Net cash provided by operating activities was
$29.7 million $8.1 million
- Free Cash Flow: Free cash flow was
$29.4 million $7.7 million
"One year after going public, our first half momentum continued with strong results in the second quarter. Customers are achieving real results with the OneStream platform—streamlining reporting, spotting risks sooner, and making faster, smarter decisions," said Tom Shea, CEO & President, OneStream. "Even as we navigate near-term public sector dynamics, our pace of AI innovation is delivering measurable value to finance teams around the world - and we're just getting started."
Recent Developments and Business Highlights
- Launch of New and Advanced SensibleAI Solutions. At the Splash 2025 user conference, OneStream introduced new SensibleAI solutions, including SensibleAI Agents, SensibleAI Studio and SensibleAI Account Reconciliations, and the most advanced version of SensibleAI Forecast. The SensibleAI solutions are embedded throughout the OneStream platform across planning, forecasting, close, consolidation, and reporting and analytics – helping finance leaders identify risks earlier, improve scenario modeling and accelerate confident decision-making.
- Enhanced Platform and Productivity Tools. At Splash 2025, OneStream also announced a certified Power BI Connector integration with Microsoft Fabric and released Version 9 of the OneStream platform. Additionally, OneStream acquired a suite of partner-developed productivity solutions, including Allocations, Analytic Drill-Down and Admin Assist.
- Finance Talent Crunch Research. During the second quarter, OneStream released a new research report analyzing the future of corporate finance careers and the evolving role of AI in the field. The study surveyed more than 2,500 finance professionals and students across the US and the
UK , revealing growing pressure points around AI skills gaps, generational divides and shifting expectations for finance teams.
- BARC Planning Survey. OneStream achieved exceptional results in the 2025 Planning Survey conducted by the Business Application Research Center (BARC), earning 27 top rankings and 56 leading positions across four peer groups: Products for Planning, Budgeting & Forecasting; Integrated Products for Planning and Financial Consolidation; Large/Enterprise-Wide Implementations; and Worldwide Implementations.
- Strategic Partnership with Girls Who Code. In May, OneStream announced a strategic partnership with Girls Who Code, a leading nonprofit dedicated to closing the gender gap in tech. Through technical training, mentorship programs, internship opportunities and community engagement, this partnership aims to equip the next generation of girls with the skills and support needed to pursue impactful careers in technology and finance.
Financial Outlook
OneStream is providing the following guidance for the third quarter of 2025 and fiscal year 2025:
Q3'25 | FY25 | ||
Total Revenue | |||
Non-GAAP Operating Margin | |||
Non-GAAP Net Income per Share | |||
Equity-Based Compensation |
OneStream has not provided a reconciliation of its forward outlook for non-GAAP operating margin and non-GAAP net income per share to their most directly comparable GAAP financial measures in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. OneStream is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate these non-GAAP financial measures, particularly related to equity-based compensation and employee stock transactions and the related tax effects.
Earnings Webcast Information
OneStream will host a conference call for analysts and investors to discuss its financial results for the second quarter 2025 and its outlook for the third quarter of 2025 and fiscal year 2025 today at 4:30 p.m. Eastern time / 1:30 p.m. Pacific time. A webcast replay will be available on the Investor Relations Section of OneStream's website following the call.
Date: | Thursday, August 7, 2025 |
Time: | 4:30 p.m. ET / 1:30 p.m. PT |
Webcast: |
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements regarding our business strategy and future growth, including statements regarding our AI innovation and SensibleAI solutions, platform enhancements and productivity tools, finance talent crunch research, and strategic partnerships, and our guidance for total revenue, non-GAAP operating margin, non-GAAP net income per share and equity-based compensation for the third quarter of 2025 and fiscal year 2025. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors. Some of these risks are described in greater detail in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which we expect to file with the Securities and Exchange Commission on or around the date of this press release. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements we may make. These factors may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not rely on these statements or regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP Financial Measures
In addition to GAAP financial measures, this press release includes non-GAAP financial measures that we use to help us evaluate our business, identify trends affecting our business, formulate business plans and make strategic decisions. These non-GAAP financial measures include non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income per share and free cash flow, and their respective definitions are presented below.
There are limitations to the non-GAAP financial measures included in this press release, and they may not be comparable to similarly titled measures of other companies. The non-GAAP financial measures included in this press release should not be considered in isolation from or as a substitute for their most directly comparable GAAP financial measures. Our management believes that our non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses that may not be indicative of our ongoing core operating performance. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and when planning, forecasting and analyzing future periods.
For a reconciliation of the non-GAAP financial measures presented for historical periods to their most directly comparable GAAP financial measures, please see the tables captioned "Reconciliation of Non-GAAP Financial Measures" included at the end of this press release. We encourage you to review the reconciliation in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented. In future periods, we may exclude similar items, may incur income and expenses similar to these excluded items and may include other expenses, costs and non-recurring items.
Non-GAAP Operating Income (Loss)
We define non-GAAP operating income (loss) as loss from operations adjusted for non-cash, non-operational and non-recurring items, including equity-based compensation expense, employer taxes on employee stock transactions, amortization of acquired intangible assets and acquisition-related costs.
Non-GAAP Operating Margin
We define non-GAAP operating margin as non-GAAP operating income (loss) as a percentage of total revenue.
Non-GAAP Net Income (Loss)
We define non-GAAP net income (loss) as net loss adjusted for non-cash, non-operational and non-recurring items, including equity-based compensation expense, employer taxes on employee stock transactions, amortization of acquired intangible assets and acquisition-related costs.
Non-GAAP Net Income Per Share
We define non-GAAP net income per share as basic net loss per share adjusted for non-cash, non-operational and non-recurring items, including equity-based compensation expense, employer taxes on employee stock transactions, amortization of acquired intangible assets, acquisition-related costs and net loss attributable to non-controlling interests.
Free Cash Flow
We define free cash flow as net cash provided by operating activities less purchases of property and equipment.
About OneStream
OneStream is how today's Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It's the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.
With over 1,600 customers, including
Investor Relations Contacts
INVESTOR CONTACT
Anne Leschin
VP, Investor Relations and Strategic Finance
OneStream
investors@onestreamsoftware.com
MEDIA CONTACT
Victoria Borges
VP, Corporate Communications
OneStream
media@onestreamsoftware.com
CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) | ||||||||
As of | ||||||||
June 30, 2025 | December 31, 2024 | |||||||
(Unaudited) | ||||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 652,082 | $ | 544,174 | ||||
Accounts receivable, net | 110,132 | 129,014 | ||||||
Unbilled accounts receivable | 21,445 | 23,294 | ||||||
Deferred commissions | 21,952 | 20,682 | ||||||
Prepaid expenses and other current assets | 16,807 | 20,202 | ||||||
Total current assets | 822,418 | 737,366 | ||||||
Unbilled accounts receivable, noncurrent | 818 | 800 | ||||||
Deferred commissions, noncurrent | 44,435 | 44,228 | ||||||
Operating lease right-of-use assets | 16,876 | 16,705 | ||||||
Property and equipment, net | 9,283 | 10,084 | ||||||
Intangible assets, net | 3,186 | 2,567 | ||||||
Goodwill | 12,548 | 9,280 | ||||||
Other noncurrent assets | 966 | 2,191 | ||||||
Total assets | $ | 910,530 | $ | 823,221 | ||||
Liabilities and stockholders' / members' equity | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 22,259 | $ | 19,563 | ||||
Accrued compensation | 34,415 | 27,543 | ||||||
Accrued commissions | 7,290 | 9,007 | ||||||
Deferred revenue, current | 257,171 | 239,291 | ||||||
Operating lease liabilities, current | 3,520 | 3,237 | ||||||
Other accrued expenses and current liabilities | 18,384 | 13,534 | ||||||
Total current liabilities | 343,039 | 312,175 | ||||||
Deferred revenue, noncurrent | 5,333 | 4,515 | ||||||
Operating lease liabilities, noncurrent | 15,237 | 15,357 | ||||||
Other noncurrent liabilities | 297 | 216 | ||||||
Total liabilities | 363,906 | 332,263 | ||||||
Stockholders' / members' equity: | ||||||||
Preferred stock, outstanding as of June 30, 2025 and December 31, 2024 | — | — | ||||||
Class A common stock, 51,456,091 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 9 | 5 | ||||||
Class B common stock, and outstanding as of June 30, 2025 and December 31, 2024 | — | — | ||||||
Class C common stock, 63,929,619 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 5 | 6 | ||||||
Class D common stock, 122,196,307 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 9 | 12 | ||||||
Additional paid-in capital | 831,106 | 718,084 | ||||||
Accumulated other comprehensive income (loss) | 830 | (599) | ||||||
Accumulated deficit | (373,782) | (331,334) | ||||||
Total stockholders' equity attributable to OneStream, Inc. / members' equity | 458,177 | 386,174 | ||||||
Non-controlling interests | 88,447 | 104,784 | ||||||
Total stockholders' / members' equity | 546,624 | 490,958 | ||||||
Total liabilities and stockholders' / members' equity | $ | 910,530 | $ | 823,221 | ||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenues: | ||||||||||||||||
Subscription | $ | 133,630 | $ | 103,133 | $ | 258,730 | $ | 198,820 | ||||||||
License | 5,962 | 6,905 | 9,660 | 13,084 | ||||||||||||
Professional services and other | 7,998 | 7,463 | 15,509 | 15,888 | ||||||||||||
Total revenue | 147,590 | 117,501 | 283,899 | 227,792 | ||||||||||||
Cost of revenues: | ||||||||||||||||
Subscription(1) | 34,295 | 26,515 | 65,782 | 49,621 | ||||||||||||
Professional services and other(1) | 12,097 | 10,460 | 24,188 | 21,382 | ||||||||||||
Total cost of revenue | 46,392 | 36,975 | 89,970 | 71,003 | ||||||||||||
Gross profit | 101,198 | 80,526 | 193,929 | 156,789 | ||||||||||||
Operating expenses: | ||||||||||||||||
Sales and marketing(1) | 70,258 | 52,216 | 137,880 | 100,525 | ||||||||||||
Research and development(1) | 33,918 | 19,952 | 68,920 | 36,876 | ||||||||||||
General and administrative(1) | 29,262 | 19,929 | 59,242 | 36,339 | ||||||||||||
Total operating expenses | 133,438 | 92,097 | 266,042 | 173,740 | ||||||||||||
Loss from operations | (32,240) | (11,571) | (72,113) | (16,951) | ||||||||||||
Interest income, net | 6,414 | 1,661 | 12,351 | 3,297 | ||||||||||||
Other income, net | 1,632 | 2,391 | 3,337 | 1,491 | ||||||||||||
Loss before income taxes | (24,194) | (7,519) | (56,425) | (12,163) | ||||||||||||
Provision for income taxes | 616 | 331 | 1,036 | 646 | ||||||||||||
Net loss | $ | (24,810) | $ | (7,850) | $ | (57,461) | $ | (12,809) | ||||||||
Less: Net loss attributable to non-controlling interests | (6,378) | — | (15,013) | — | ||||||||||||
Net loss attributable to OneStream, Inc. | $ | (18,432) | $ | (7,850) | $ | (42,448) | $ | (12,809) | ||||||||
Net loss per share of Class A and Class D common stock– basic and diluted | $ | (0.10) | $ | (0.24) | ||||||||||||
Weighted-average shares of Class A and Class D common stock outstanding–basic and diluted | 178,302 | 176,525 | ||||||||||||||
(1) Includes equity-based compensation expense as follows: | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Cost of subscription | $ | 634 | $ | — | $ | 1,340 | $ | — | ||||||||
Cost of professional services and other | 1,190 | — | 3,227 | — | ||||||||||||
Sales and marketing | 11,774 | 918 | 25,642 | 1,274 | ||||||||||||
Research and development | 8,799 | 1,149 | 19,347 | 1,254 | ||||||||||||
General and administrative | 9,037 | 652 | 19,787 | 1,304 | ||||||||||||
Total equity-based compensation | $ | 31,434 | $ | 2,719 | $ | 69,343 | $ | 3,832 | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (Unaudited) | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Operating activities: | ||||||||||||||||
Net loss | $ | (24,810) | $ | (7,850) | $ | (57,461) | $ | (12,809) | ||||||||
Adjustments to reconcile net loss to net cash provided by | ||||||||||||||||
Depreciation and amortization | 1,105 | 882 | 2,142 | 1,545 | ||||||||||||
Noncash operating lease expense | 636 | 713 | 1,555 | 1,394 | ||||||||||||
Amortization of deferred commissions | 5,911 | 4,941 | 11,643 | 9,492 | ||||||||||||
Equity-based compensation | 31,434 | 2,719 | 69,343 | 3,832 | ||||||||||||
Other noncash operating activities, net | 730 | (1,723) | (1) | (477) | ||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||
Accounts receivable, net | 16,168 | (2,624) | 20,113 | 14,957 | ||||||||||||
Deferred commissions | (7,008) | (6,836) | (13,120) | (11,694) | ||||||||||||
Prepaid expenses and other assets | 1,391 | 2,443 | 2,081 | 2,637 | ||||||||||||
Accounts payable | (5,960) | 8,686 | 2,957 | 14,133 | ||||||||||||
Deferred revenue | 2,715 | 5,961 | 18,698 | 14,242 | ||||||||||||
Accrued and other liabilities | 7,429 | 802 | 7,988 | (3,598) | ||||||||||||
Net cash provided by operating activities | 29,741 | 8,114 | 65,938 | 33,654 | ||||||||||||
Investing activities: | ||||||||||||||||
Purchases of property and equipment | (366) | (410) | (746) | (1,100) | ||||||||||||
Acquisition of business, net of cash acquired | (3,700) | (7,594) | (3,700) | (7,594) | ||||||||||||
Net cash used in investing activities | (4,066) | (8,004) | (4,446) | (8,694) | ||||||||||||
Financing activities: | ||||||||||||||||
Payments of deferred offering costs | — | (694) | (1,763) | (1,045) | ||||||||||||
Tax withholdings for redemption of LLC Units | 5,824 | — | 5,824 | — | ||||||||||||
Proceeds from option exercises | 26,715 | — | 41,792 | — | ||||||||||||
Net cash provided by (used in) financing activities | 32,539 | (694) | 45,853 | (1,045) | ||||||||||||
Effect of exchange rate changes on cash and cash equivalents | 2 | (197) | 563 | (487) | ||||||||||||
Net increase (decrease) in cash and cash equivalents | 58,216 | (781) | 107,908 | 23,428 | ||||||||||||
Cash and cash equivalents - Beginning of period | 593,866 | 141,296 | 544,174 | 117,087 | ||||||||||||
Cash and cash equivalents - End of period | $ | 652,082 | $ | 140,515 | $ | 652,082 | $ | 140,515 | ||||||||
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited) | ||||||||
Non-GAAP Operating Income (Loss) | ||||||||
Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
(in thousands) | ||||||||
Loss from operations | $ | (32,240) | $ | (11,571) | ||||
Equity-based compensation expense | 31,434 | 2,719 | ||||||
Employer taxes on employee stock transactions | 1,840 | — | ||||||
Amortization of acquired intangible assets | 315 | 183 | ||||||
Acquisition-related costs | 243 | — | ||||||
Non-GAAP operating income (loss) | $ | 1,592 | $ | (8,669) | ||||
Non-GAAP Operating Margin | ||||||||
Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
Operating margin | (22) | % | (10) | % | ||||
Equity-based compensation expense | 21 | % | 2 | % | ||||
Employer taxes on employee stock transactions | 1 | % | — | |||||
Amortization of acquired intangible assets | — | — | ||||||
Acquisition-related costs | — | — | ||||||
Non-GAAP operating margin(1) | 1 | % | (7) | % | ||||
(1) Non-GAAP operating margin may not foot due to rounding. | ||||||||
Non-GAAP Net Income (Loss) | ||||||||
Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
(in thousands) | ||||||||
Net loss | $ | (24,810) | $ | (7,850) | ||||
Equity-based compensation expense | 31,434 | 2,719 | ||||||
Employer taxes on employee stock transactions | 1,840 | — | ||||||
Amortization of acquired intangible assets | 315 | 183 | ||||||
Acquisition-related costs | 243 | — | ||||||
Non-GAAP net income (loss) | $ | 9,022 | $ | (4,948) | ||||
Non-GAAP Net Income Per Share | ||||||||
Three Months Ended June 30, 2025 | ||||||||
Net loss per share–basic | $ | (0.10) | ||||||
Equity-based compensation expense | 0.18 | |||||||
Employer taxes on employee stock transactions | 0.01 | |||||||
Amortization of acquired intangible assets | — | |||||||
Acquisition-related costs | — | |||||||
Net loss attributable to non-controlling interests | (0.04) | |||||||
Non-GAAP net income per share | $ | 0.05 | ||||||
Free Cash Flow | ||||||||
Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
(in thousands) | ||||||||
Net cash provided by operating activities | $ | 29,741 | $ | 8,114 | ||||
Purchases of property and equipment | (366) | (410) | ||||||
Free cash flow | 29,375 | 7,704 | ||||||
Net cash used in investing activities | $ | (4,066) | $ | (8,004) | ||||
Net cash provided by (used in) financing activities | $ | 32,539 | $ | (694) | ||||
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SOURCE OneStream, Inc.
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