On24 (ONTF) Cost of Revenue (2020 - 2025)
On24 posted quarterly Cost of Revenue of $41.5 million for Q4 2025, down 16.12% year-on-year from $49.4 million in Q4 2024, and up 152.46% on a QoQ basis from $16.4 million in Q3 2025.
On24 (ONTF) has 6 years of Cost of Revenue data on file, last reported at $41.5 million in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue fell 16.12% year-over-year to $41.5 million; the trailing twelve-month figure through Dec 2025 stood at $93.6 million (down 4.76% YoY), and the FY2025 full-year result was $68.1 million, down 12.79% from the prior year.
- Cost of Revenue for Q4 2025 stood at $41.5 million, up from $16.4 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $49.4 million in Q4 2024 and bottomed at -$31.8 million in Q4 2022.
- The 5-year median for Cost of Revenue is $17.9 million (2025), against an average of $16.4 million.
- The widest annual swing landed in 2022, when Cost of Revenue tumbled 349.87%; it then soared 321.69% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $12.7 million in 2021, then sank by 349.87% to -$31.8 million in 2022, then rose by 29.92% to -$22.3 million in 2023, then soared by 321.69% to $49.4 million in 2024, then fell by 16.12% to $41.5 million in 2025.
- The last three Cost of Revenue figures came in at $41.5 million (Q4 2025), $16.4 million (Q3 2025), and $17.6 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 4.02 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 1.33 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.62 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 940.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 211.49 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.71 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 3.07 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 1.79 Bn |
| 10 | On24 | - | - | 25.94 Mn | 41.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 41.45 Mn |
| Dec 31, 2025 | 41.45 Mn |
| Sep 30, 2025 | 16.42 Mn |
| Sep 30, 2025 | 16.42 Mn |
| Jun 30, 2025 | 17.59 Mn |
| Jun 30, 2025 | 17.59 Mn |
| Mar 31, 2025 | 18.14 Mn |
| Mar 31, 2025 | 18.14 Mn |
| Dec 31, 2024 | 49.42 Mn |
| Dec 31, 2024 | 49.42 Mn |
| Sep 30, 2024 | 9.34 Mn |
| Sep 30, 2024 | 9.34 Mn |
| Jun 30, 2024 | 19.46 Mn |
| Jun 30, 2024 | 19.46 Mn |
| Mar 31, 2024 | 20.07 Mn |
| Mar 31, 2024 | 20.07 Mn |
| Dec 31, 2023 | -22.29 Mn |
| Dec 31, 2023 | -22.29 Mn |
| Sep 30, 2023 | 10.85 Mn |
| Sep 30, 2023 | 10.85 Mn |
| Jun 30, 2023 | 12.20 Mn |
| Jun 30, 2023 | 12.20 Mn |
| Mar 31, 2023 | 24.42 Mn |
| Mar 31, 2023 | 24.42 Mn |
| Dec 31, 2022 | -31.81 Mn |
| Dec 31, 2022 | -31.81 Mn |
| Sep 30, 2022 | 26.55 Mn |
| Sep 30, 2022 | 26.55 Mn |
| Jun 30, 2022 | 13.30 Mn |
| Jun 30, 2022 | 13.30 Mn |
| Mar 31, 2022 | 29.19 Mn |
| Mar 31, 2022 | 29.19 Mn |
| Dec 31, 2021 | 12.73 Mn |
| Dec 31, 2021 | 12.73 Mn |
| Sep 30, 2021 | 12.07 Mn |
| Sep 30, 2021 | 12.07 Mn |
| Jun 30, 2021 | 25.47 Mn |
| Jun 30, 2021 | 25.47 Mn |
| Mar 31, 2021 | 23.93 Mn |
| Mar 31, 2021 | 23.93 Mn |
| Dec 31, 2020 | 10.05 Mn |
| Dec 31, 2020 | 10.05 Mn |
| Sep 30, 2020 | 8.62 Mn |
| Sep 30, 2020 | 8.62 Mn |
| Jun 30, 2020 | 7.96 Mn |
| Jun 30, 2020 | 7.96 Mn |
| Mar 31, 2020 | 12.01 Mn |
| Mar 31, 2020 | 12.01 Mn |