Growth Metrics

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 🔒
DateValue
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