OneStream, Inc.(OS) - 2024 Q4 - Annual Results

Financial Performance - Total revenue for Q4 2024 was $132.5 million, representing a 29$118.6 million, an increase of 35% year-over-year[4] - For the fiscal year 2024, total revenue was $489.4 million, a 31$428.2 million, reflecting a 41% year-over-year increase[4] - Total revenue for Q4 2024 reached $132.475 million, a 29.1$102.594 million in Q4 2023[32] - Subscription revenue grew to $118.608 million in Q4 2024, up 35.4$87.583 million in Q4 2023[32] Operating Income and Loss - GAAP operating loss for Q4 2024 was $47.4 million, compared to a profit of$0.2 million in Q4 2023, resulting in a GAAP operating margin of (36%) compared to 0% in Q4 2023[4] - Non-GAAP operating income for Q4 2024 was $8.7 million, up from$1.4 million in Q4 2023, with a non-GAAP operating margin of 7% compared to 1% in Q4 2023[4] - Non-GAAP operating income for Q4 2024 was $8,680,000, compared to$1,391,000 in Q4 2023, indicating a significant improvement[37] - The non-GAAP operating margin for Q4 2024 was 7%, up from 1% in Q4 2023, reflecting enhanced operational efficiency[38] Net Income and Loss - Net loss attributable to OneStream, Inc. for Q4 2024 was $31.449 million, compared to a net income of$2.751 million in Q4 2023[32] - Non-GAAP net income for Q4 2024 was $11,581,000, compared to$3,934,000 in Q4 2023, showing a positive trend in profitability[39] - The company reported a net loss per share of $0.19 for Q4 2024, compared to a net loss per share of$1.23 for the year ended December 31, 2024[40] Cash Flow and Liquidity - Free cash flow for Q4 2024 was $24.7 million, compared to$26.6 million in Q4 2023[4] - The company reported a net cash provided by operating activities of $25.138 million for Q4 2024, compared to$26.795 million in Q4 2023[36] - The net cash provided by operating activities for the year ended December 31, 2024, was $61,152,000, a significant increase from$21,265,000 in 2023[41] - Free cash flow for Q4 2024 was $24,697,000, slightly down from$26,573,000 in Q4 2023, but still demonstrating strong cash generation capabilities[41] - Cash and cash equivalents increased significantly to $544.174 million as of December 31, 2024, from$117.087 million at the end of 2023[36] Expenses - Operating expenses surged to $135.956 million in Q4 2024, compared to$71.900 million in Q4 2023, reflecting a 89% increase[32] - Equity-based compensation expenses totaled $52.582 million in Q4 2024, significantly higher than$1.183 million in Q4 2023[34] - Equity-based compensation expense for Q4 2024 was $52,582,000, compared to$1,183,000 in Q4 2023, indicating increased stock-based compensation[39] - The employer taxes on employee stock transactions were $1,904,000 for Q4 2024, with no costs reported in Q4 2023[39] - The amortization of acquired intangible assets was$275,000 for Q4 2024, with no costs reported in Q4 2023, indicating potential acquisitions or intangible asset recognition[37] Assets and Liabilities - Total assets rose to $823.221 million by December 31, 2024, compared to$361.559 million in 2023, marking a 128% increase[30] - Total current liabilities increased to $312.175 million in 2024, up from$232.370 million in 2023, indicating a 34.3% rise[30] Innovations and Recognition - OneStream introduced 15 new innovations in 2024, including advancements in its Finance AI portfolio[5] - OneStream was recognized as a leader in the Gartner Magic Quadrant for Financial Planning Software for the third consecutive year[9] Guidance - The company provided guidance for Q1 2025, projecting total revenue of $130 million and a non-GAAP operating margin of (9%)[12]