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Overview of OneStream Inc
OneStream Inc (NASDAQ: OS) offers an AI-enabled and extensible enterprise finance management platform designed to unify core financial functions and broader operational data. At its core, the company provides a Digital Finance Cloud that merges financial close, consolidation, reporting, planning, and forecasting into a single, cohesive solution. This integration empowers CFOs and finance teams to overcome challenges related to legacy systems and data silos by harnessing advanced artificial intelligence, predictive analytics, and cloud-based technology to streamline operations.
Core Business and Platform Capabilities
OneStream Inc stands out for its ability to consolidate disparate financial and operational functions into one platform, ensuring that corporate leaders maintain control, visibility, and agility in decision-making processes. The company’s platform is designed to:
- Unify core financial data and operational processes to preserve the integrity of corporate reporting standards.
- Embed AI and predictive analytics, enabling real-time scenario planning and forecasting.
- Improve financial close and consolidation processes through a single source of truth, reducing errors and manual input.
- Enhance business insights by integrating operational data with financial metrics, thereby improving strategic execution.
This comprehensive approach provides organizations with a dynamic view of their enterprise, helping to navigate the complexities of modern financial management.
Industry Position and Strategic Differentiators
Operating within the competitive arena of enterprise software and finance technology, OneStream Inc positions itself as a critical tool for modernizing the Office of the CFO. By leveraging its extensive suite of modules, the company addresses the evolving needs of finance leaders who demand both technical accuracy and operational agility. Key aspects that set OneStream Inc apart include:
- Dedicated focus on integrating both financial and operational workflows.
- A modular, extensible platform that adapts to the unique needs of diverse industries such as manufacturing, healthcare, financial services, and retail.
- The integration of pre-built AI models designed specifically for financial planning, forecasting, and consolidation, which aids in seamlessly transitioning from traditional legacy systems to modern digital solutions.
Advanced AI Integration and Innovation
The use of artificial intelligence is a standout feature of OneStream Inc. With the launch of its Sensible AI Library and low-code framework Genesis, the company makes it easier for developers and finance teams to integrate sophisticated AI routines into their workflows. These innovations allow companies to build tailored solutions for complex data analysis and strategic business planning, which results in:
- Accelerated development of finance-specific applications.
- Improved accuracy in forecasting and risk management.
- Enhanced decision-making through rapid data synthesis and actionable insights.
This approach not only revitalizes traditional finance functions but also empowers CFOs to become strategic partners in driving corporate growth.
Market Significance and Competitive Landscape
OneStream Inc has established itself as a significant player within the enterprise software and finance management industry. The company partners with numerous large organizations and a diverse set of industry leaders to deliver solutions that address critical pain points faced by modern finance teams. In its competitive landscape, OneStream Inc leverages its cloud-based architecture and AI-driven capabilities to mitigate risks associated with outdated financial practices, making it a pivotal tool for businesses seeking to modernize their financial operations.
Operational Excellence and Business Model
From a business model perspective, OneStream Inc generates revenue primarily through subscription services and licensing fees for its comprehensive platform. The company’s long-standing emphasis on unified data and rapid deployment of analytics reinforces its reputation for operational excellence. By focusing on continuous enhancements in AI integration and system extensibility, OneStream Inc ensures that its clients derive sustained value and remain agile in a rapidly evolving digital ecosystem.
Insights for Investors and Analysts
Investors seeking to understand OneStream Inc can appreciate the firm’s commitment to innovation, operational integration, and strategic differentiation within the finance technology space. The company’s approach to consolidating financial and operational workflows minimizes the impact of legacy systems while maximizing the utility of real-time data analysis. This in-depth focus on driving operational transparency and efficiency not only fosters improved financial reporting but also positions the platform as a critical enabler for forward-thinking businesses.
Conclusion
In summary, OneStream Inc is a robust, AI-enabled platform that transforms enterprise finance management. The firm seamlessly integrates historical financial data with broader operational insights, enabling CFOs and business leaders to make well-informed, agile decisions. Through its innovative Digital Finance Cloud, integrated AI solutions, and strategic market positioning, OneStream Inc reinforces its significance in the modern digital finance landscape, providing an enduring, comprehensive solution for the complex demands of today's global businesses.
OneStream (Nasdaq: OS) has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference. The presentation is scheduled for Tuesday, March 4, at 11:30 a.m. ET / 8:30 a.m. PT in San Francisco, CA.
The company, which provides an enterprise Finance management platform unifying core finance and operational functions, will make both the live webcast and replay available through their investor relations website at https://investor.onestream.com. OneStream's platform specializes in financial close, consolidation, reporting, planning and forecasting, serving to modernize the Office of the CFO.
OneStream (OS) reported strong Q4 2024 financial results with total revenue reaching $132.5 million, up 29% year-over-year, and subscription revenue of $118.6 million, up 35%. For fiscal year 2024, total revenue was $489.4 million, increasing 31% year-over-year, with subscription revenue growing 41% to $428.2 million.
The company reported Q4 GAAP operating loss of $47.4 million, compared to income of $0.2 million in Q4 2023. Non-GAAP operating income was $8.7 million with a 7% margin. For FY2024, GAAP operating loss was $319.5 million, while non-GAAP operating income was $1.2 million.
Looking ahead, OneStream provided FY2025 guidance with total revenue expected between $583M-$587M and non-GAAP operating margin between -1% and 1%. The company launched 15 new innovations in 2024, including AI-powered solutions and CPM Express, while strengthening its partnership with Microsoft.
OneStream (NASDAQ: OS), a leading enterprise Finance management platform, has announced it will release its fourth quarter and full-year 2024 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call and webcast at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results.
The company, which provides solutions for financial close, consolidation, reporting, planning and forecasting, will make the webcast available through their investor relations website, with a replay option accessible following the call.
OneStream (Nasdaq: OS) announced that underwriters have fully exercised their option to purchase an additional 2,250,000 shares of Class A common stock at $31.00 per share, following the previously announced offering of 15,000,000 shares. Of these additional shares, 1,351,043 were sold by selling stockholders, while 898,957 were sold by OneStream as part of a non-dilutive synthetic secondary transaction. The company used all net proceeds to purchase units from KKR Dream Holdings , resulting in no change to the total number of outstanding shares and units.
OneStream (NASDAQ: OS) has been named a Leader in the 2024 Gartner Magic Quadrant for Financial Planning Software for the third consecutive year. The recognition is based on the company's Ability to Execute and Completeness of Vision among 16 evaluated providers.
The company's cloud-based platform modernizes finance operations by unifying core functions including financial close, consolidation, reporting, planning and forecasting. In September, OneStream introduced new innovations including the Navigation Center, AI-powered anomaly detection, and Sensible Machine Learning Scenario Modeling. The platform has received positive customer reviews, particularly for its streamlined forecasting capabilities and exceptional customer support.
OneStream (Nasdaq: OS) has announced the pricing of its public offering of 15,000,000 shares of Class A common stock at $31.00 per share. The offering includes 9,006,948 shares from selling stockholders and 5,993,052 shares from OneStream as part of a non-dilutive synthetic secondary transaction. Underwriters have a 30-day option to purchase up to 2,250,000 additional shares. The offering is expected to close on November 18, 2024. OneStream will not retain any proceeds, using them to purchase units from KKR Dream Holdings The total number of outstanding shares will remain unchanged after the transaction.
OneStream (Nasdaq: OS) has announced a proposed underwritten public offering of 15,000,000 shares of Class A common stock. The offering comprises 9,006,948 shares from selling stockholders and 5,993,052 shares from OneStream as part of a non-dilutive synthetic secondary transaction. Underwriters have a 30-day option to purchase up to 2,250,000 additional shares. OneStream will not retain any proceeds, using them instead to purchase units from KKR Dream Holdings The total number of outstanding shares and units will remain unchanged after the offering. Morgan Stanley, J.P. Morgan, and KKR are leading the offering as book-running managers.
OneStream announced the preview of Sensible AI Library and Genesis at their Wave Developer Conference. These new capabilities enable developers to accelerate AI integration into financial solutions. The Sensible AI Library offers pre-built AI models for financial planning, forecasting, and reporting workflows, while Genesis provides a low-code framework for building and deploying customized solutions.
Key features include data quality management, anomaly detection, expense optimization, and segmentation analysis. The platform allows finance teams to leverage AI without requiring technical expertise, offering pre-packaged solutions that integrate with existing workflows while maintaining enterprise-grade security.
OneStream announced its Q3 2024 financial results, reporting a total revenue of $129.1 million, a 21% increase YoY, and a subscription revenue of $110.7 million, a 39% rise YoY.
However, the company recorded a GAAP operating loss of $255.2 million, primarily due to $260 million in equity-based compensation expenses, compared to a GAAP operating income of $7.0 million in Q3 2023. The non-GAAP operating income was $5.5 million, down from $8.4 million in the same period last year. Net cash provided by operating activities was $2.4 million, and free cash flow was $1.3 million, both improvements from Q3 2023.
Recent highlights include the launch of the Finance 2035 Initiative and recognition as a leader in IDC's Record to Report MarketScape. The company also completed its IPO on July 25, 2024, raising $352.9 million. Guidance for Q4 2024 projects total revenue between $127M and $129M with a non-GAAP operating margin of 0% to 2%.
OneStream's Finance 2035 Initiative research reveals a shifting landscape for CFOs, emphasizing their crucial role in driving business strategy and growth. Key findings include:
- Investors increase investments by 2.6% (3.6% for large asset managers) when CFOs are seen as strategic growth drivers.
- 88% of investors and 65% of business leaders believe CFOs will become more important over the next decade.
- 80% of investors and 70% of business leaders anticipate harmonized global financial reporting standards.
- 67% of CEOs believe organizational success depends on CFOs.
- 78% of investors require CFOs to demonstrate technical, operational, and strategic competence.
- CFOs face challenges including cross-functional collaboration, legacy systems, and skills gaps.
- 74% of business leaders believe data will be their greatest asset by 2035, with AI reshaping finance functions.