BIRMINGHAM, Mich., Nov. 7, 2024
/PRNewswire/ -- OneStream, Inc. (Nasdaq: OS), the leading
enterprise Finance management platform that modernizes the Office
of the CFO by unifying core finance and operational functions --
including financial close, consolidation, reporting, planning and
forecasting, today announced financial results for its third
quarter ended September 30, 2024.
Third Quarter 2024 Financial Highlights
- Total Revenue: $129.1
million, an increase of 21% year-over-year.
- Subscription Revenue: $110.7
million, an increase of 39% year-over-year.
- GAAP Loss / Income from Operations and Operating Margin:
GAAP operating loss was $255.2
million compared to income of $7.0
million for the third quarter of 2023, and GAAP operating
margin was (198)% compared to 7% for the third quarter of 2023.
This included equity-based compensation expense of $260.0 million, compared to $1.4 million for the third quarter of 2023.
- Non-GAAP Operating Income and Non-GAAP Operating Margin:
Non-GAAP operating income was $5.5
million compared to income of $8.4
million for the third quarter of 2023, and non-GAAP
operating margin was 4% compared to 8% for the third quarter of
2023.
- Net Cash Provided by / Used in Operating Activities: Net
cash provided by operating activities was $2.4 million compared to net cash used in
operating activities of $4.4 million
for the third quarter of 2023.
- Free Cash Flow: Positive free cash flow of $1.3 million compared to negative free cash flow
of $5.3 million for the third quarter
of 2023.
"We posted strong third quarter results, led by 39 percent
year-over-year growth in subscription revenue and positive free
cash flow," said Tom Shea, CEO,
OneStream. "The market is ripe for what we do. As evidenced in our
Finance 2035 initiative, CFOs are realizing that legacy technology
and data overload are holding them back from becoming more
strategic. Finance leaders are looking to OneStream to help them
digitally transform, laying the foundation for our future
growth."
Recent Developments and Business Highlights
- Splash EMEA User Conference. OneStream took its annual
Splash User Conference to Copenhagen, where three new innovations were
introduced: OneStream Navigation Center, which builds upon the
advanced Narrative Reporting capabilities and streamlines access to
reports and bookmarks critical audit and narrative documents in one
place; OneStream AI-Powered Anomaly Detection, which is a
pre-packaged AI method that helps finance leaders detect anomalies
for data cleansing, consolidation, and reporting;
and OneStream Solution Exchange offerings to support Tax
Pillar 2 regulatory reporting.
- Launched the Finance 2035 Initiative. Earlier this month
OneStream launched the Finance 2035 Initiative
(www.finance2035.com), a report and platform to foster dialogue on
how the Office of the CFO is evolving and how CFOs can become more
strategic. Through a partnership with academia, economists and a
survey of 2,000 global CFOs, CEOs, line of business executives
and investors, the report examines what the next 10 years hold for
businesses at large, and how external forces are both elevating and
impacting the critical role played by CFOs in shaping that
future.
- Leadership in IDC's Record to Report MarketScape. IDC, a
premier global market intelligence analyst group, recognized
OneStream as a Leader in its inaugural Record to Report MarketScape
report. The record-to-report process is a fundamental aspect of the
financial reporting cycle; it is crucial for CFOs, investors and
shareholders as they provide a detailed and accurate account of a
company's financial activities. OneStream was recognized as a
Leader based on our capabilities, including reporting such as
Microsoft Power BI, the OneStream Solution Exchange, a robust AI
roadmap and Strategies among 9 vendors who were evaluated.
- Initial Public Offering. On July
25, 2024, the Company completed its initial public offering
(the "IPO") of 28,175,000 shares of Class A common stock, including
shares sold by the Company and the selling stockholders, and the
full exercise of the underwriters' option to purchase additional
shares. Net proceeds to OneStream from the offering were
$352.9 million after deducting
underwriting discounts and commissions.
Financial Outlook
OneStream is providing the following guidance for the fourth
quarter of 2024 and the full year 2024:
|
Q4'24
|
|
FY24
|
|
Total
Revenue
|
$127M -
$129M
|
|
$484M -
$486M
|
|
Non-GAAP Operating
Margin
|
0% - 2%
|
|
(2)% - (1)%
|
|
Non-GAAP Net Income per
Share
|
$0.01 -
$0.03
|
|
$0.06 -
$0.08
|
|
Equity-Based
Compensation
|
$50M - $55M
|
|
$315M -
$320M
|
OneStream has not provided a reconciliation of its forward
outlook for non-GAAP operating margin and non-GAAP net loss per
share to their most directly comparable GAAP financial measures in
reliance on the unreasonable efforts exception provided under Item
10(e)(1)(i)(B) of Regulation S-K. OneStream is unable to predict
with reasonable certainty the amount and timing of adjustments that
are used to calculate these non-GAAP financial measures,
particularly related to equity-based compensation and its related
tax effects.
Earnings Webcast Information
OneStream will host a conference call for analysts and investors
to discuss its financial results for the third quarter of 2024 and
its outlook for the fourth quarter of 2024 and full year 2024 today
at 4:30 p.m. Eastern time /
1:30 p.m. Pacific time. A webcast
replay will be available on the Investor Relations Section of
OneStream's website following the call.
|
Date:
|
Thursday, November 7,
2024
|
|
|
|
Time:
|
4:30 p.m. ET / 1:30
p.m. PT
|
|
|
|
Webcast:
|
https://investor.onestream.com
|
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical facts
contained in this press release may be forward-looking statements.
In some cases, you can identify forward-looking statements by terms
such as "may," "will," "should," "expects," "plans," "anticipates,"
"could," "intends," "targets," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential" or "continue" or
the negative of these terms or other similar expressions.
Forward-looking statements contained in this press release include,
but are not limited to, statements regarding our business strategy
and future growth, and our guidance for total revenue, non-GAAP
operating margin, non-GAAP net income per share and equity-based
compensation for the fourth quarter ending December 31, 2024 and the year ending
December 31, 2024. Forward-looking
statements are subject to known and unknown risks, uncertainties,
assumptions and other factors. Some of these risks are described in
greater detail in our Quarterly Report on Form 10-Q for the quarter
ended September 30, 2024, which we
expect to file with the SEC on or around the date of this press
release. It is not possible for our management to predict all
risks, nor can we assess the impact of all factors on our business
or the extent to which any factor, or combination of factors, may
cause our actual results to differ materially from those contained
in any forward-looking statements we may make. These factors may
cause our actual results, performance or achievements to differ
materially and adversely from those anticipated or implied by our
forward-looking statements. Furthermore, if our forward-looking
statements prove to be inaccurate, the inaccuracy may be material.
In light of the significant uncertainties in these forward-looking
statements, you should not rely on these statements or regard these
statements as a representation or warranty by us or any other
person that we will achieve our objectives and plans in any
specified timeframe, or at all. We undertake no obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Non-GAAP Financial Measures
In addition to GAAP financial measures, this press release
includes non-GAAP financial measures that we use to help us
evaluate our business, identify trends affecting our business,
formulate business plans and make strategic decisions. These
non-GAAP financial measures include non-GAAP operating income,
non-GAAP operating margin, non-GAAP net income per share and free
cash flow, and their respective definitions are presented
below.
There are limitations to the non-GAAP financial measures
included in this press release, and they may not be comparable to
similarly titled measures of other companies. The non-GAAP
financial measures included in this press release should not be
considered in isolation from or as a substitute for their most
directly comparable GAAP financial measures. Our management
believes that our non-GAAP financial measures provide meaningful
supplemental information regarding our performance and liquidity by
excluding certain expenses that may not be indicative of our
ongoing core operating performance. We believe that both management
and investors benefit from referring to these non-GAAP financial
measures in assessing our performance and when analyzing historical
performance and liquidity and when planning, forecasting and
analyzing future periods.
For a reconciliation of the non-GAAP financial measures
presented for historical periods to their most directly comparable
GAAP financial measures, please see the tables captioned
"Reconciliation of Non-GAAP Financial Measures" included at the end
of this press release. We encourage you to review the
reconciliation in conjunction with the presentation of the non-GAAP
financial measures for each of the periods presented. In future
periods, we may exclude similar items, may incur income and
expenses similar to these excluded items and may include other
expenses, costs and non-recurring items.
Non-GAAP Operating Income
We define non-GAAP operating income as income from operations
adjusted for non-cash, non-operational and non-recurring items,
including equity-based compensation expense, employer taxes on
employee stock transactions, and amortization of acquired
intangible assets.
Non-GAAP Operating Margin
We define non-GAAP operating margin as non-GAAP operating income
as a percentage of total revenue.
Non-GAAP Net Income Per Share
We define non-GAAP net income as net (loss) / income adjusted
for non-cash, non-operational and non-recurring items, including
equity-based compensation expense, employer taxes on employee stock
transactions, and amortization of acquired intangible assets. We
define non-GAAP net income per share as non-GAAP net income divided
by weighted-average shares outstanding.
Free Cash Flow
We define free cash flow as net cash provided by (used in)
operating activities less purchases of property and equipment.
About OneStream
OneStream is how today's Finance teams can go beyond just
reporting on the past and Take Finance Further by steering the
business to the future. It's the leading enterprise finance
platform that unifies financial and operational data, embeds AI for
better decisions and productivity, and empowers the CFO to become a
critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the
Office of the CFO. Our Digital Finance Cloud unifies core financial
and broader operational data and processes and embeds AI for better
planning and forecasting, with an extensible architecture, so
customers can adopt and develop new solutions, achieving greater
value as their business needs evolve.
With over 1,500 customers, including 15% of the Fortune 500,
more than 250 go-to-market, implementation, and development
partners and over 1,400 employees, our vision is to be the
operating system for modern finance. To learn more, visit
onestream.com.
Investor Relations Contacts
INVESTOR CONTACT
Anne Leschin
VP, Investor Relations and Strategic Finance
OneStream
investors@onestreamsoftware.com
MEDIA CONTACT
Victoria Borges
Media Relations Contact
OneStream
media@onestreamsoftware.com
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
(in
thousands)
(Unaudited)
|
|
|
|
|
|
|
As of
|
|
|
|
September 30,
2024
|
|
|
December 31,
2023
|
|
|
Assets
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
495,458
|
|
|
$
|
117,087
|
|
|
Accounts receivable,
net
|
|
|
113,525
|
|
|
|
107,308
|
|
|
Unbilled accounts
receivable
|
|
|
23,753
|
|
|
|
31,519
|
|
|
Deferred
commissions
|
|
|
19,238
|
|
|
|
17,225
|
|
|
Prepaid expenses and
other current assets
|
|
|
11,504
|
|
|
|
13,098
|
|
|
Total current
assets
|
|
|
663,478
|
|
|
|
286,237
|
|
|
Unbilled accounts
receivable, noncurrent
|
|
|
1,291
|
|
|
|
2,009
|
|
|
Deferred commissions,
noncurrent
|
|
|
42,421
|
|
|
|
41,030
|
|
|
Operating lease
right-of-use assets
|
|
|
17,953
|
|
|
|
18,559
|
|
|
Property and equipment,
net
|
|
|
10,513
|
|
|
|
10,266
|
|
|
Intangible assets,
net
|
|
|
2,842
|
|
|
|
—
|
|
|
Goodwill
|
|
|
9,277
|
|
|
|
—
|
|
|
Other noncurrent
assets
|
|
|
2,334
|
|
|
|
3,458
|
|
|
Total
assets
|
|
$
|
750,109
|
|
|
$
|
361,559
|
|
|
Liabilities and
stockholders' / members' equity
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Accounts
payable
|
|
$
|
19,246
|
|
|
$
|
8,274
|
|
|
Accrued
compensation
|
|
|
23,333
|
|
|
|
22,436
|
|
|
Accrued
commissions
|
|
|
6,702
|
|
|
|
10,158
|
|
|
Deferred revenue,
current
|
|
|
205,801
|
|
|
|
177,465
|
|
|
Operating lease
liabilities, current
|
|
|
3,318
|
|
|
|
2,505
|
|
|
Other accrued expenses
and current liabilities
|
|
|
12,607
|
|
|
|
11,532
|
|
|
Total current
liabilities
|
|
|
271,007
|
|
|
|
232,370
|
|
|
Deferred revenue,
noncurrent
|
|
|
4,157
|
|
|
|
5,141
|
|
|
Operating lease
liabilities, noncurrent
|
|
|
16,538
|
|
|
|
17,522
|
|
|
Other noncurrent
liabilities
|
|
|
199
|
|
|
|
—
|
|
|
Total
liabilities
|
|
|
291,901
|
|
|
|
255,033
|
|
|
Stockholders' /
members' equity:
|
|
|
|
|
|
|
|
Members'
interest
|
|
|
—
|
|
|
|
107,151
|
|
|
Preferred
stock
|
|
|
—
|
|
|
|
—
|
|
|
Class A common
stock
|
|
|
3
|
|
|
|
—
|
|
|
Class B common
stock
|
|
|
—
|
|
|
|
—
|
|
|
Class C common
stock
|
|
|
7
|
|
|
|
—
|
|
|
Class D common
stock
|
|
|
13
|
|
|
|
—
|
|
|
Additional paid-in
capital
|
|
|
630,354
|
|
|
|
—
|
|
|
Accumulated other
comprehensive loss
|
|
|
(450)
|
|
|
|
(625)
|
|
|
Accumulated
deficit
|
|
|
(299,885)
|
|
|
|
—
|
|
|
Total stockholders'
equity attributable to OneStream, Inc. / members' equity
|
|
|
330,042
|
|
|
|
106,526
|
|
|
Non-controlling
interests
|
|
|
128,166
|
|
|
|
—
|
|
|
Total stockholders' /
members' equity
|
|
|
458,208
|
|
|
|
106,526
|
|
|
Total liabilities and
stockholders' / members' equity
|
|
$
|
750,109
|
|
|
$
|
361,559
|
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except
share and per share amounts)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
September 30,
|
|
|
Nine Months
Ended
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subscription
|
|
$
|
110,722
|
|
|
$
|
79,419
|
|
|
$
|
309,542
|
|
|
$
|
215,340
|
|
|
License
|
|
|
11,734
|
|
|
|
19,495
|
|
|
|
24,818
|
|
|
|
32,939
|
|
|
Professional services
and other
|
|
|
6,684
|
|
|
|
8,090
|
|
|
|
22,572
|
|
|
|
24,048
|
|
|
Total
revenue
|
|
|
129,140
|
|
|
|
107,004
|
|
|
|
356,932
|
|
|
|
272,327
|
|
|
Cost of
revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subscription(2)
|
|
|
32,386
|
|
|
|
19,366
|
|
|
|
82,007
|
|
|
|
53,247
|
|
|
Professional services
and other(2)
|
|
|
32,015
|
|
|
|
10,159
|
|
|
|
53,397
|
|
|
|
30,769
|
|
|
Total cost of
revenue
|
|
|
64,401
|
|
|
|
29,525
|
|
|
|
135,404
|
|
|
|
84,016
|
|
|
Gross profit
|
|
|
64,739
|
|
|
|
77,479
|
|
|
|
221,528
|
|
|
|
188,311
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and
marketing(2)
|
|
|
162,700
|
|
|
|
42,226
|
|
|
|
263,225
|
|
|
|
136,241
|
|
|
Research and
development(2)
|
|
|
83,040
|
|
|
|
13,859
|
|
|
|
119,916
|
|
|
|
39,614
|
|
|
General and
administrative(2)
|
|
|
74,170
|
|
|
|
14,391
|
|
|
|
110,509
|
|
|
|
43,176
|
|
|
Total operating
expenses
|
|
|
319,910
|
|
|
|
70,476
|
|
|
|
493,650
|
|
|
|
219,031
|
|
|
Loss from
operations
|
|
|
(255,171)
|
|
|
|
7,003
|
|
|
|
(272,122)
|
|
|
|
(30,720)
|
|
|
Interest income,
net
|
|
|
5,022
|
|
|
|
1,133
|
|
|
|
8,319
|
|
|
|
2,702
|
|
|
Other income (expense),
net
|
|
|
772
|
|
|
|
(1,072)
|
|
|
|
2,263
|
|
|
|
(2,894)
|
|
|
(Loss) income before
income taxes
|
|
|
(249,377)
|
|
|
|
7,064
|
|
|
|
(261,540)
|
|
|
|
(30,912)
|
|
|
(Benefit) provision for
income taxes
|
|
|
(32)
|
|
|
|
300
|
|
|
|
614
|
|
|
|
770
|
|
|
Net (loss)
income
|
|
$
|
(249,345)
|
|
|
$
|
6,764
|
|
|
$
|
(262,154)
|
|
|
$
|
(31,682)
|
|
|
Less: Net loss
attributable to non-controlling interests
|
|
|
(77,402)
|
|
|
|
—
|
|
|
|
(77,402)
|
|
|
|
—
|
|
|
Net (loss) income
attributable to OneStream, Inc.
|
|
$
|
(171,943)
|
|
|
$
|
6,764
|
|
|
$
|
(184,752)
|
|
|
$
|
(31,682)
|
|
|
Net loss per share of
Class A and Class D common stock–
basic and diluted(1)
|
|
|
(1.06)
|
|
|
|
|
|
|
(1.06)
|
|
|
|
|
|
Weighted-average shares
of Class A and Class D common
stock outstanding–basic and diluted(1)
|
|
|
160,300
|
|
|
|
|
|
|
160,300
|
|
|
|
|
|
|
(1)
Represents net loss per share of Class A common stock and Class D
common stock and weighted-average shares of Class A common stock
and Class D common stock outstanding for the period following
OneStream Inc.'s IPO and related reorganization
transactions.
|
|
(2) Includes
equity-based compensation expense as follows:
|
|
|
Three Months
Ended
|
|
|
Nine Months
Ended
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Cost of
subscription
|
|
$
|
4,981
|
|
|
$
|
—
|
|
|
$
|
4,981
|
|
|
$
|
—
|
|
|
Cost of professional
services and other
|
|
|
21,886
|
|
|
|
—
|
|
|
|
21,886
|
|
|
|
15
|
|
|
Sales and
marketing
|
|
|
114,713
|
|
|
|
459
|
|
|
|
115,987
|
|
|
|
3,582
|
|
|
Research and
development
|
|
|
62,251
|
|
|
|
104
|
|
|
|
63,505
|
|
|
|
413
|
|
|
General and
administrative
|
|
|
56,152
|
|
|
|
864
|
|
|
|
57,456
|
|
|
|
3,077
|
|
|
Total equity-based
compensation
|
|
$
|
259,983
|
|
|
$
|
1,427
|
|
|
$
|
263,815
|
|
|
$
|
7,087
|
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in
thousands)
(Unaudited)
|
|
|
|
|
|
|
Nine Months
Ended
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(262,154)
|
|
|
$
|
(31,682)
|
|
|
Adjustments to
reconcile net loss to net cash provided by (used in)
operating activities:
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
2,586
|
|
|
|
2,230
|
|
|
Noncash operating
lease expense
|
|
|
2,303
|
|
|
|
1,669
|
|
|
Amortization of
deferred commissions
|
|
|
15,206
|
|
|
|
12,661
|
|
|
Equity-based
compensation
|
|
|
263,815
|
|
|
|
7,087
|
|
|
Other noncash
operating activities, net
|
|
|
(1,402)
|
|
|
|
3,180
|
|
|
Changes in operating
assets and liabilities:
|
|
|
|
|
|
|
|
Accounts receivable,
net
|
|
|
967
|
|
|
|
(8,499)
|
|
|
Deferred
commissions
|
|
|
(18,610)
|
|
|
|
(15,708)
|
|
|
Prepaid expenses and
other assets
|
|
|
(1,395)
|
|
|
|
(6,407)
|
|
|
Accounts
payable
|
|
|
15,720
|
|
|
|
(6,359)
|
|
|
Deferred
revenue
|
|
|
27,349
|
|
|
|
33,298
|
|
|
Accrued and other
liabilities
|
|
|
(8,371)
|
|
|
|
3,000
|
|
|
Net cash provided by
(used in) operating activities
|
|
|
36,014
|
|
|
|
(5,530)
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
Purchases of property
and equipment
|
|
|
(2,177)
|
|
|
|
(2,367)
|
|
|
Acquisition of
business, net of cash acquired
|
|
|
(7,594)
|
|
|
|
—
|
|
|
Sales of marketable
securities
|
|
|
—
|
|
|
|
87,339
|
|
|
Net cash (used in)
provided by investing activities
|
|
|
(9,771)
|
|
|
|
84,972
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
Principal payments on
finance lease obligation
|
|
|
—
|
|
|
|
(46)
|
|
|
Proceeds from initial
public offering, net of underwriting discounts and
commissions
|
|
|
409,598
|
|
|
|
—
|
|
|
Repurchase of LLC
Units
|
|
|
(56,663)
|
|
|
|
—
|
|
|
Payments of deferred
offering costs
|
|
|
(4,943)
|
|
|
|
—
|
|
|
Proceeds from option
exercises
|
|
|
3,941
|
|
|
|
247
|
|
|
Repayments of
borrowings on revolving credit facility
|
|
|
—
|
|
|
|
(3,500)
|
|
|
Net cash provided by
(used in) financing activities
|
|
|
351,933
|
|
|
|
(3,299)
|
|
|
Effect of exchange rate
changes on cash and cash equivalents
|
|
|
195
|
|
|
|
(94)
|
|
|
Net increase in cash
and cash equivalents
|
|
|
378,371
|
|
|
|
76,049
|
|
|
Cash and cash
equivalents - Beginning of period
|
|
|
117,087
|
|
|
|
14,687
|
|
|
Cash and cash
equivalents - End of period
|
|
$
|
495,458
|
|
|
$
|
90,736
|
|
|
RECONCILIATION OF
NON-GAAP FINANCIAL MEASURES
(Unaudited)
|
|
|
Non-GAAP
Operating Income
|
|
|
|
|
|
|
Three Months Ended
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
|
(in
thousands)
|
|
|
(Loss) income from
operations
|
|
$
|
(255,171)
|
|
|
$
|
7,003
|
|
|
Equity-based
compensation expense
|
|
|
259,983
|
|
|
|
1,427
|
|
|
Employer taxes on
employee stock transactions
|
|
|
393
|
|
|
|
—
|
|
|
Amortization of
acquired intangible assets
|
|
|
275
|
|
|
|
—
|
|
|
Non-GAAP operating
income
|
|
$
|
5,480
|
|
|
$
|
8,430
|
|
|
Non-GAAP
Operating Margin
|
|
|
|
|
|
|
Three Months Ended
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
|
(in
thousands)
|
|
|
Operating
margin
|
|
|
(198)
|
%
|
|
|
7
|
%
|
|
Equity-based
compensation expense
|
|
|
201
|
%
|
|
|
1
|
%
|
|
Employer taxes on
employee stock transactions
|
|
|
—
|
|
|
|
—
|
|
|
Amortization of
acquired intangible assets
|
|
|
—
|
|
|
|
—
|
|
|
Non-GAAP operating
margin(1)
|
|
|
4
|
%
|
|
|
8
|
%
|
|
|
(1) Non-GAAP operating margin may not
foot due to rounding.
|
|
Free Cash
Flow
|
|
|
|
|
|
|
Three Months Ended
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
|
(in
thousands)
|
|
|
Net cash provided by
(used in) operating activities
|
|
$
|
2,360
|
|
|
$
|
(4,372)
|
|
|
Purchases of property
and equipment
|
|
|
(1,077)
|
|
|
|
(923)
|
|
|
Free cash
flow
|
|
|
1,283
|
|
|
|
(5,295)
|
|
|
Net cash used in
investing activities
|
|
$
|
(1,077)
|
|
|
$
|
(831)
|
|
|
Net cash provided by
financing activities
|
|
$
|
352,978
|
|
|
$
|
—
|
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/onestream-announces-third-quarter-2024-financial-results-302299121.html
SOURCE OneStream, Inc.
