Growth Metrics

On24 (ONTF) Operating Expenses (2020 - 2025)

On24 posted quarterly Operating Expenses of $34.1 million for Q4 2025, down 12.82% year-on-year from $39.1 million in Q4 2024, and up 0.71% on a QoQ basis from $33.9 million in Q3 2025.

On24 (ONTF) has 6 years of Operating Expenses data on file, last reported at $34.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 12.82% year-over-year to $34.1 million; the trailing twelve-month figure through Dec 2025 stood at $139.7 million (down 13.06% YoY), and the FY2025 full-year result was $139.7 million, down 13.06% from the prior year.
  • Operating Expenses for Q4 2025 stood at $34.1 million, up from $33.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $51.0 million in Q2 2022 and bottomed at $33.9 million in Q3 2025.
  • The 5-year median for Operating Expenses is $42.0 million (2021), against an average of $42.9 million.
  • The widest annual swing landed in 2021, when Operating Expenses soared 112.87%; it then dropped 18.83% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $48.9 million in 2021, then declined by 4.0% to $47.0 million in 2022, then declined by 11.52% to $41.5 million in 2023, then slipped by 5.88% to $39.1 million in 2024, then dropped by 12.82% to $34.1 million in 2025.
  • The last three Operating Expenses figures came in at $34.1 million (Q4 2025), $33.9 million (Q3 2025), and $35.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -7.98 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 6.82 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 11.28 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 1.16 Bn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 2.33 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 1.04 Bn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 3.32 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 4.23 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 4.54 Bn
10 On24 - - 25.94 Mn 34.09 Mn

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 34.09 Mn
Sep 30, 2025 33.85 Mn
Jun 30, 2025 35.70 Mn
Mar 31, 2025 36.10 Mn
Dec 31, 2024 39.11 Mn
Sep 30, 2024 40.33 Mn
Jun 30, 2024 40.87 Mn
Mar 31, 2024 40.42 Mn
Dec 31, 2023 41.55 Mn
Sep 30, 2023 42.44 Mn
Jun 30, 2023 45.66 Mn
Mar 31, 2023 49.79 Mn
Dec 31, 2022 46.96 Mn
Sep 30, 2022 49.04 Mn
Jun 30, 2022 50.96 Mn
Mar 31, 2022 50.71 Mn
Dec 31, 2021 48.92 Mn
Sep 30, 2021 46.56 Mn
Jun 30, 2021 42.73 Mn
Mar 31, 2021 41.64 Mn
Dec 31, 2020 33.63 Mn
Sep 30, 2020 27.13 Mn
Jun 30, 2020 21.45 Mn
Mar 31, 2020 19.56 Mn