Onestream, Inc. Class A (OS) AI Stock Analysis

• Market Cap: $4.59B
• Dividend Yield: N/A
• Average Volume (3M): 1.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: 24.19%
• EPS Growth: 58.84%
• Country: US
• Employees: 1,500
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.08
• Shares Outstanding: 90,268,490
• 10 Day Avg. Volume: 1,426,656
• 30 Day Avg. Volume: 1,410,041
• PEG Ratio: -0.49
• Price to Book (P/B): 12.82
• Price to Sales (P/S): 10.12
• P/FCF Ratio: 84.61
• Enterprise Value/Market Cap: 0.63
• Enterprise Value/Revenue: 5.07
• Enterprise Value/Gross Profit: 7.47
• Enterprise Value/Ebitda: -22.82
• 1Y Price Target: $28.45
• Price Target Upside: 51.09% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 0.19
• Revenue Forecast (FY): $595.19M

• Rating: 59 Neutral
• Price Target: $19.50 ▲(3.56% Upside)

Onestream, Inc. shows strong growth in subscription and international revenues, and strategic leadership changes are viewed positively. However, profitability challenges and a negative P/E ratio weigh on the stock's valuation. Technical indicators suggest bearish momentum, which could impact short-term performance.

Positive Factors

Subscription Revenue Growth

Strong subscription revenue growth indicates robust demand for Onestream's core offerings, ensuring a steady stream of recurring income and enhancing financial stability.

International Revenue Expansion

Significant international revenue growth showcases Onestream's successful global expansion strategy, diversifying its revenue base and reducing reliance on domestic markets.

AI Solutions Demand

Increased demand for AI solutions positions Onestream as a leader in innovative technology, potentially driving future growth and competitive advantage in the market.

Negative Factors

Profitability Challenges

Ongoing profitability challenges with negative margins highlight operational inefficiencies, which could hinder long-term financial health and shareholder returns.

Decline in License Revenue

A significant decline in license revenue suggests potential issues in traditional sales channels, which may impact overall revenue diversification and growth.

Challenges in U.S. Federal Business

Challenges in the U.S. Federal sector could limit growth opportunities and revenue from a key market segment, affecting overall business performance.

Onestream, Inc. Class A Business Overview & Revenue Model

Company Description

OneStream, Inc. delivers a unified, AI-enabled, and extensible software platform in the United States and internationally. The company's Digital Finance Cloud platform provides solutions that include financial close and consolidation that streamlines financial processes with capabilities to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, finance professionals, line-of-business leaders, and other business partners. Its customers include enterprises, mid-market organizations, and government entities. OneStream, Inc. was founded in 2012 and is headquartered in Birmingham, Michigan.

How the Company Makes Money

Onestream generates revenue through a subscription-based model for its software solutions, which includes licensing fees for its Financial Close and Reporting Software. The company offers tiered subscription plans that cater to the needs of different business sizes and requirements, allowing for scalability. Additionally, Onestream earns revenue from professional services such as implementation, training, and ongoing support, which are often bundled with the software subscription. Key partnerships with major cloud service providers and integration with other enterprise resource planning (ERP) systems further enhance its offerings and attract a broader customer base, contributing to its overall earnings.

Onestream, Inc. Class A Financial Statement Overview

Summary

Onestream, Inc. shows revenue growth and a strong gross profit margin, but struggles with profitability due to negative net income and EBIT margins. The balance sheet is solid with low leverage, though returns on equity are negative. Cash flow generation is improving, but operational efficiency needs enhancement for sustainable profitability.

Income Statement

Onestream, Inc. has shown a positive revenue growth rate of 4.61% in the TTM, indicating a steady increase in sales. However, the company is facing challenges with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin remains strong at 67.91%, suggesting efficient production processes, but the negative EBIT and EBITDA margins highlight operational inefficiencies.

Balance Sheet

The balance sheet reflects a solid equity position with a low debt-to-equity ratio of 0.037, indicating low financial leverage and reduced risk of insolvency. However, the return on equity is negative, suggesting that the company is not generating sufficient returns on shareholders' investments. The equity ratio of 49.72% shows a healthy proportion of equity financing relative to total assets.

Cash Flow

The cash flow statement shows a positive trend with a free cash flow growth rate of 3.85% in the TTM, indicating improved cash generation capabilities. The operating cash flow to net income ratio of 0.26 suggests that the company is generating cash from its operations, although the free cash flow to net income ratio is close to 1, indicating limited cash buffer.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	570.68M	489.41M	374.92M	279.32M
Gross Profit	387.53M	310.08M	260.42M	186.81M
EBITDA	-126.81M	-301.13M	-27.63M	-56.60M
Net Income	-82.75M	-216.20M	-28.93M	-65.47M
Balance Sheet
Total Assets	949.45M	823.22M	361.56M	320.01M
Cash, Cash Equivalents and Short-Term Investments	653.85M	544.17M	117.09M	100.84M
Total Debt	17.70M	18.59M	20.03M	18.91M
Total Liabilities	386.58M	332.26M	255.03M	192.88M
Stockholders Equity	472.10M	386.17M	106.53M	127.14M
Cash Flow
Free Cash Flow	94.68M	58.53M	18.68M	-37.92M
Operating Cash Flow	96.04M	61.15M	21.27M	-32.94M
Investing Cash Flow	-5.07M	-10.21M	84.75M	34.88M
Financing Cash Flow	67.69M	376.45M	-3.85M	1.48M

Onestream, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 18.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OS, the sentiment is Neutral. The current price of 18.83 is above the 20-day moving average (MA) of 18.80, below the 50-day MA of 19.27, and below the 200-day MA of 22.02, indicating a neutral trend. The MACD of -0.32 indicates Negative momentum. The RSI at 49.06 is Neutral, neither overbought nor oversold. The STOCH value of 83.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OS.

Onestream, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CWAN	79 Outperform	$7.08B	15.81	32.91%	―	50.91%	54812.50%
YOU	77 Outperform	$4.82B	18.98	130.93%	2.11%	17.83%	118.70%
QTWO	75 Outperform	$4.64B	153.34	5.68%	―	13.93%	―
BILL	74 Outperform	$5.53B	-202.68	0.30%	―	11.63%	50.72%
CVLT	65 Neutral	$5.61B	71.65	32.87%	―	22.02%	-55.25%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
OS	59 Neutral	$4.59B	―	-20.63%	―	24.19%	58.84%

Onestream, Inc. Class A Corporate Events

OneStream Announces CFO Transition Plan

On November 25, 2025, OneStream, Inc. announced a CFO transition plan with Bill Koefoed resigning as CFO effective December 31, 2025, and John Kinzer stepping in as interim CFO starting January 1, 2026. The company also promoted Scott Leshinski to President and Pamela McIntyre to Chief Accounting Officer, effective January 1, 2026. These leadership changes are part of OneStream’s strategy to accelerate AI leadership and support its growth and market expansion, particularly in AI solutions for the Office of the CFO, which have seen significant growth in 2025.

Onestream Expands Board, Appoints New Director

On October 3, 2025, OneStream, Inc. expanded its Board of Directors from eight to nine members, appointing Baskar Sridharan as a Class I director with a term until the 2028 annual meeting. This move, recommended by the Compensation, Nominating and Governance Committee, does not involve any related party transactions or family ties with current directors or executives, and Dr. Sridharan will be compensated according to the company’s outside director policy.