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    OneStream (OS)

    Q3 2024 Earnings Summary

    Reported on Mar 17, 2025 (After Market Close)
    Pre-Earnings Price$33.43Last close (Nov 7, 2024)
    Post-Earnings Price$30.48Open (Nov 8, 2024)
    Price Change
    $-2.95(-8.82%)
    • Revenue is growing nearly 40%, which is an outlier in the SaaS universe, demonstrating strong growth and profitability. The company is investing heavily in R&D and AI, positioning itself well for longer-term growth.
    • Significant opportunity in the government sector, with momentum building as the company lands more marquee government agencies. This sector is a continuing important segment for future focus and growth.
    • Strong partner ecosystem with over 100 products in the partner section of their exchange, indicating substantial partner investment and creation of intellectual property on the platform. This enables scale and opens up more long-term opportunities.
    • Increased investments in R&D and AI initiatives may pressure margins in the near term, as the company plans to invest more heavily in these areas to drive longer-term growth.
    • Several growth initiatives are still in early stages and may not contribute significantly to near-term growth, including expansion in the government sector and new products like CPM Express.
    • Strong Q3 billings growth may have been partly due to pull-forward of deals, which could impact billings growth in future quarters. Customers started earlier than expected, leading to outperformance in Q3 that might not repeat.

    Research analysts covering OneStream.