ONESTREAM INC Stock Price, News & Analysis

OneStream (Nasdaq: OS) has announced a proposed underwritten public offering of 15,000,000 shares of Class A common stock. The offering comprises 9,006,948 shares from selling stockholders and 5,993,052 shares from OneStream as part of a non-dilutive synthetic secondary transaction. Underwriters have a 30-day option to purchase up to 2,250,000 additional shares. OneStream will not retain any proceeds, using them instead to purchase units from KKR Dream Holdings The total number of outstanding shares and units will remain unchanged after the offering. Morgan Stanley, J.P. Morgan, and KKR are leading the offering as book-running managers.

OneStream announced the preview of Sensible AI Library and Genesis at their Wave Developer Conference. These new capabilities enable developers to accelerate AI integration into financial solutions. The Sensible AI Library offers pre-built AI models for financial planning, forecasting, and reporting workflows, while Genesis provides a low-code framework for building and deploying customized solutions.

Key features include data quality management, anomaly detection, expense optimization, and segmentation analysis. The platform allows finance teams to leverage AI without requiring technical expertise, offering pre-packaged solutions that integrate with existing workflows while maintaining enterprise-grade security.

OneStream announced its Q3 2024 financial results, reporting a total revenue of $129.1 million, a 21% increase YoY, and a subscription revenue of $110.7 million, a 39% rise YoY.

However, the company recorded a GAAP operating loss of $255.2 million, primarily due to $260 million in equity-based compensation expenses, compared to a GAAP operating income of $7.0 million in Q3 2023. The non-GAAP operating income was $5.5 million, down from $8.4 million in the same period last year. Net cash provided by operating activities was $2.4 million, and free cash flow was $1.3 million, both improvements from Q3 2023.

Recent highlights include the launch of the Finance 2035 Initiative and recognition as a leader in IDC's Record to Report MarketScape. The company also completed its IPO on July 25, 2024, raising $352.9 million. Guidance for Q4 2024 projects total revenue between $127M and $129M with a non-GAAP operating margin of 0% to 2%.

OneStream's Finance 2035 Initiative research reveals a shifting landscape for CFOs, emphasizing their crucial role in driving business strategy and growth. Key findings include:

- Investors increase investments by 2.6% (3.6% for large asset managers) when CFOs are seen as strategic growth drivers.
- 88% of investors and 65% of business leaders believe CFOs will become more important over the next decade.
- 80% of investors and 70% of business leaders anticipate harmonized global financial reporting standards.
- 67% of CEOs believe organizational success depends on CFOs.
- 78% of investors require CFOs to demonstrate technical, operational, and strategic competence.
- CFOs face challenges including cross-functional collaboration, legacy systems, and skills gaps.
- 74% of business leaders believe data will be their greatest asset by 2035, with AI reshaping finance functions.

OneStream (NASDAQ: OS) announced new developments at Splash EMEA, expanding its Sensible AI Portfolio and core finance innovations. Key additions include:

1. AI-Powered Anomaly Detection: Helps detect unusual patterns in financial data.
2. Sensible ML Scenario Modeling: Creates real-time, AI-driven 'what-if' forecasting scenarios.
3. OneStream Navigation Center: Streamlines access to reports and critical documents.
4. Microsoft Excel Enhancements: Improves data analysis with Excel integration.
5. Expanded Solution Exchange: Now includes 100+ solutions, supporting Pillar 2 tax criteria.

These innovations aim to modernize the Office of the CFO, addressing economic volatility and evolving regulations.

OneStream (Nasdaq: OS) has announced the timing of its Third Quarter Fiscal Year 2024 Financial Results Conference Call. The leading enterprise Finance management platform will report its financial results for the quarter ended September 30, 2024, after market close on Thursday, November 7, 2024.

The company will host a conference call and webcast at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results. Investors can access the webcast through the company's investor relations website. A replay of the webcast will be available in the Investors section of OneStream's website following the call.

OneStream (Nasdaq: OS) reported strong Q2 2024 financial results, with total revenue reaching $117.5 million, up 36% year-over-year. Subscription revenue grew 44% to $103.1 million. The company's GAAP operating loss improved to $11.6 million from $16.2 million in Q2 2023, with operating margin improving to (10)% from (19)%.

CEO Tom Shea highlighted the company's positive cash flow for the third consecutive quarter. OneStream completed its IPO on July 25, 2024, raising $352.9 million in net proceeds. The company also announced new innovations at its annual user conference and received workplace awards.

For Q3 2024, OneStream projects revenue between $123M - $125M and a non-GAAP operating margin of (2)% - 0%. Full-year 2024 guidance estimates revenue of $476M - $480M with a non-GAAP operating margin of (5)% - (1)%.

OneStream (NASDAQ: OS), a leading enterprise Finance management platform, has announced its participation in two upcoming investor conferences. The company will present at Citi's 2024 Global TMT Conference in New York on September 5 at 3:50 p.m. ET, and at the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 11 at 11:10 a.m. ET.

OneStream's platform unifies core finance and operational functions, including financial close, consolidation, reporting, planning, and forecasting. Investors and interested parties can access live webcasts and replays of these presentations through OneStream's investor relations website at https://investor.onestream.com/.

OneStream (NASDAQ: OS), a leading enterprise Finance management platform, has announced the timing of its Second Quarter Fiscal Year 2024 Financial Results Conference Call. The company will report its financial results for the quarter ended June 30, 2024, after the market close on Tuesday, September 3, 2024.

A conference call and webcast will be hosted at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the financial results. Investors can access the webcast through the company's investor relations website. A replay of the webcast will be available in the Investors section of OneStream's website following the call.