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OneStream (OS) investor relations material
OneStream Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong revenue growth in Q4'25 and FY25, with Q4 revenue at $164M (up 24%) and FY25 revenue at $602M (up 23%); subscription revenue rose 27% in Q4 and 28% for FY25, reaching $150M and $550M, respectively.
Improved non-GAAP operating margin to 10% in Q4'25 and 5% for FY25, with non-GAAP operating income of $16.7M in Q4 and $27.1M for FY25.
Continued transition to subscription-based contracts, driving recurring revenue and customer retention; SaaS contracts represented 87% of ARR in FY25.
GAAP operating loss narrowed to $5.2M in Q4 and $94.8M for FY25, with improved margins.
Pending acquisition by Hg, expected to close in H1 2026.
Financial highlights
Q4'25 total revenue reached $164M, up 24% year-over-year; subscription revenue was $150M, up 27%.
FY25 total revenue was $602M, up 23% year-over-year; subscription revenue was $550M, up 28%.
ARR grew to $699M, a 23% year-over-year increase; RPO reached $1.4B, up 25%.
Non-GAAP gross margin was 71% in Q4'25 and 70% for FY25; non-GAAP software gross margin was 76%.
Free cash flow for FY25 was $96M, with a free cash flow margin of 16%.
Outlook and guidance
No forward-looking financial guidance provided due to the pending acquisition by Hg.
Management highlights ongoing transition to SaaS and subscription contracts, expecting continued growth in recurring revenue streams.
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