ON24 (ONTF) Company Report

Cvent will acquire ON24 in an all-cash transaction valued at approximately $400 million, with shareholders receiving $8.10 per share. This offer represents about a 62% premium to ON24’s November 10 closing price.
The acquisition is targeted to close in the first half of 2026, after which ON24 is expected to be delisted and operate as a privately held company.
In recent years, ON24 has faced revenue declines (down 8.8% over three years) and reported negative operating and net margins (-27.88% and -22.09% respectively), despite maintaining a high gross margin (~74.5%).
Following the announcement, ON24's shares jumped approximately 36% in premarket trading to about $7.97.

1 day ago

Morningstar

ON24 to be Acquired by Cvent

ONTF

M&A

Takeover Bid

Delisting/Listing Issues

ON24 has entered into a definitive agreement to be acquired by Cvent in an all-cash transaction for a total consideration of approximately $400 million.
ON24 shareholders will receive $8.10 per share, which represents a premium of approximately 62% over ON24’s closing share price on November 10, 2025.
The proposed transaction is expected to close in the first half of 2026, subject to approval by ON24 shareholders and regulatory bodies, after which ON24 will become a privately held company.

1 day ago

Press Release

Outpost24 acquires Infinipoint

ONTF

M&A

New Projects/Investments

Outpost24 has acquired Infinipoint, a specialist in device identity, posture validation, and secure workforce access.
This strategic acquisition marks Outpost24's entry into the Zero Trust Workforce Access market and enhances its Specops identity security division.
The integration aims to provide a unified, context-aware approach to workforce access, enabling organizations to evaluate both user and device trust at the point of access to strengthen Zero Trust adoption and improve compliance.

Dec 9, 2025, 7:00 AM

Press Release

Outpost24 Acquires Infinipoint

ONTF

M&A

New Projects/Investments

Outpost24 has acquired Infinipoint, a specialist in endpoint identity and secure user access, marking its entry into the Zero Trust Access market for users.
This acquisition strengthens Outpost24's identity security division, Specops, by combining user identity and endpoint trust to eliminate security blind spots.
The integration aims to provide a unified and contextual approach to user access, evaluating both the user and the endpoint before authorization, which is crucial for reducing credential misuse and improving compliance.

Dec 9, 2025, 7:00 AM

Press Release

Outpost24 Acquires Infinipoint

ONTF

M&A

New Projects/Investments

Outpost24 announced the acquisition of Infinipoint on December 9, 2025.
This acquisition marks Outpost24's entry into the Zero Trust Workforce Access market and enhances its identity security division, Specops.
Infinipoint specializes in device identity, posture validation, and secure workforce access, which will be integrated to unify user identity with device trust.
The acquisition aims to provide a unified, context-aware approach to workforce access, evaluating both user and device trust to strengthen Zero Trust adoption and reduce risk.

Dec 9, 2025, 7:00 AM

Press Release

ON24 Reports Q3 2025 Results, Announces LinkedIn Partnership, and Evaluates Acquisition Interest

ONTF

Earnings

Product Launch

M&A

ON24 reported Q3 2025 revenue of $34.6 million and total ARR of $124.5 million, with a gross margin of 76%. The company delivered profitability above guidance and positive free cash flow for the seventh consecutive quarter.
The company announced a major new partnership with LinkedIn to enhance event marketing, which is expected to drive audience reach and will be monetizable in subsequent phases.
ON24 continues to see strong adoption of its AI offerings, with close to one in five customers paying for these solutions, and expects AI to become the largest driver of expansion next year. New AI products like AI Translate and AI Propel Plus were launched, with future focus on AI agents and AI search discoverability.
For full-year 2025, ON24 expects total revenue between $138.6 million and $139.2 million and non-GAAP net income per share of $0.05 to $0.06. The company anticipates improved ARR performance in Q4 and aims to reduce sales and marketing expenses as a percentage of revenue to the mid-30s in 12 months and low 30s in two years.
The board is currently evaluating indications of interest for a potential acquisition of the company.

Nov 10, 2025, 10:00 PM

Transcript

ON24 Reports Strong Q3 2025 Results, Announces LinkedIn Partnership, and Receives Acquisition Interest

ONTF

Earnings

Product Launch

Takeover Bid

ON24 reported Q3 2025 revenue of $34.6 million and net income of $1.2 million (3 cents per share), exceeding guidance, with total ARR of $124.5 million and positive free cash flow of $2.2 million.
The company announced a major new partnership with LinkedIn to transform digital event marketing and saw strong adoption of its AI offerings, with almost one in five customers paying for them.
ON24 provided Q4 2025 revenue guidance of $33.9 million to $34.5 million and non-GAAP net income per share of $0.01 to $0.02. The company aims to reduce sales and marketing expenses as a percentage of revenue to the mid-30s in 12 months and low 30s in two years.
The company has received indications of interest for a potential acquisition and utilized approximately $7 million for share repurchases in Q3 2025 under its $50 million capital return program.

Nov 10, 2025, 10:00 PM

Transcript

ON24 Announces Q3 2025 Results and Strategic Partnerships

ONTF

Earnings

Guidance Update

Product Launch

ON24 (ONTF) reported Q3 2025 revenue of $34.6 million and total Annual Recurring Revenue (ARR) of $124.5 million, with net income of $1.2 million (3 cents per share) and positive free cash flow of $2.2 million.
For Q4 2025, the company expects revenue between $33.9 million and $34.5 million and non-GAAP net income per share of $0.01-$0.02. Full-year 2025 revenue guidance is set at $138.6 million-$139.2 million, with expected non-GAAP net income per share of $0.05-$0.06.
Strategic initiatives include a new partnership with LinkedIn to transform digital event marketing and significant traction in AI offerings, with close to one in five customers paying for AI solutions.
The company continues to focus on larger enterprise customers, evidenced by the average core ARR per customer reaching over $80,000 and the highest-ever percentage of ARR in multi-year contracts.
ON24 utilized approximately $7 million for share repurchases during Q3 2025, part of a $13.8 million total under its capital return program since May.

Nov 10, 2025, 10:00 PM

Transcript

ON24 Announces Third Quarter 2025 Financial Results

ONTF

Earnings

Guidance Update

Product Launch

ON24 reported total revenue of $34.6 million for the third quarter ended September 30, 2025.
The company achieved non-GAAP net income of $1.2 million, or $0.03 per diluted share, for Q3 2025.
ON24 is raising its full-year 2025 revenue and bottom-line guidance, now expecting total revenue between $138.6 million and $139.2 million and non-GAAP net income per share between $0.05 and $0.06.
The company recorded its seventh consecutive quarter of positive operating and free cash flow, with $2.2 million in free cash flow for Q3 2025, and highlighted progress on strategic priorities including AI offerings and a LinkedIn collaboration.

Nov 10, 2025, 9:19 PM

8-K

ON24 Announces Third Quarter 2025 Financial Results and Raises Full-Year Guidance

ONTF

Earnings

Guidance Update

New Projects/Investments

ON24 reported total revenue of $34.6 million and Non-GAAP Net Income of $1.2 million, or $0.03 per diluted share, for the third quarter ended September 30, 2025.
The company achieved its seventh consecutive quarter of positive operating and free cash flow, with $2.5 million in net cash provided by operating activities and $2.2 million in free cash flow for Q3 2025.
ON24 is raising its full-year 2025 revenue and bottom-line guidance, now expecting total revenue between $138.6 million to $139.2 million.
Strategic progress includes a collaboration and integration with LinkedIn and nearly one in five customers buying ON24’s AI offerings.