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
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