On24 (ONTF) Invested Capital (2020 - 2025)
On24 (ONTF) reported Invested Capital of $139.4 million for Q4 2025, down 12.52% on a YoY basis from $159.4 million in Q4 2024, and down 3.38% quarter-over-quarter from $144.3 million in Q3 2025.
On24 (ONTF) Invested Capital (2020 - 2025) Analysis & Trends
On24 has reported Invested Capital for 6 years, with the latest figure at $139.4 million in Q4 2025.
- For the quarter ending Q4 2025, Invested Capital fell 12.52% year-over-year to $139.4 million; the trailing twelve-month figure through Dec 2025 stood at $139.4 million (down 12.52% YoY), and the FY2025 full-year result was $139.4 million, down 12.52% from the prior year.
- Invested Capital for Q4 2025 stood at $139.4 million, down from $144.3 million in the prior quarter.
- The five-year high for Invested Capital was $365.1 million in Q2 2021, with the low at $139.4 million in Q4 2025.
- Historically, Invested Capital has averaged $243.5 million across 5 years, with a median of $204.8 million in 2023.
- Annual changes were most pronounced in 2021 — Invested Capital jumped 407.75% — and 2023, when it tumbled 41.75%.
- On24's Invested Capital stood at $355.7 million in 2021, then dropped by 12.95% to $309.6 million in 2022, then plunged by 41.75% to $180.3 million in 2023, then fell by 11.61% to $159.4 million in 2024, then slipped by 12.52% to $139.4 million in 2025.
- The last three Invested Capital figures came in at $139.4 million (Q4 2025), $144.3 million (Q3 2025), and $150.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 60.16 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 5.83 Bn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 24.75 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.50 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 73.52 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 6.99 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 11.73 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 6.35 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 16.32 Bn |
| 10 | On24 | - | - | 25.94 Mn | 139.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 139.45 Mn |
| Sep 30, 2025 | 144.33 Mn |
| Jun 30, 2025 | 150.02 Mn |
| Mar 31, 2025 | 153.73 Mn |
| Dec 31, 2024 | 159.41 Mn |
| Sep 30, 2024 | 164.88 Mn |
| Jun 30, 2024 | 170.85 Mn |
| Mar 31, 2024 | 174.42 Mn |
| Dec 31, 2023 | 180.34 Mn |
| Sep 30, 2023 | 192.52 Mn |
| Jun 30, 2023 | 216.99 Mn |
| Mar 31, 2023 | 290.94 Mn |
| Dec 31, 2022 | 309.61 Mn |
| Sep 30, 2022 | 317.95 Mn |
| Jun 30, 2022 | 321.85 Mn |
| Mar 31, 2022 | 335.56 Mn |
| Dec 31, 2021 | 355.67 Mn |
| Sep 30, 2021 | 364.31 Mn |
| Jun 30, 2021 | 365.08 Mn |
| Mar 31, 2021 | 362.26 Mn |