On24 (ONTF) Operating Expenses (2020 - 2025)
On24 (ONTF) reported Operating Expenses of $34.1 million for Q4 2025, down 12.82% on a YoY basis from $39.1 million in Q4 2024, and up 0.71% quarter-over-quarter from $33.9 million in Q3 2025.
On24 (ONTF) Operating Expenses (2020 - 2025) Analysis & Trends
On24 has reported Operating Expenses for 6 years, with the latest figure 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.
- The five-year high for Operating Expenses was $51.0 million in Q2 2022, with the low at $33.9 million in Q3 2025.
- Historically, Operating Expenses has averaged $42.9 million across 5 years, with a median of $42.0 million in 2021.
- Annual changes were most pronounced in 2021 — Operating Expenses soared 112.87% — and 2024, when it dropped 18.83%.
- On24's Operating Expenses stood at $48.9 million in 2021, then dropped by 4.0% to $47.0 million in 2022, then dropped by 11.52% to $41.5 million in 2023, then decreased by 5.88% to $39.1 million in 2024, then slipped 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 | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | On24 | - | - | 25.94 Mn | 34.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |