vs
Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $23.1M, roughly 1.5× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -5.6%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -4.2%).
ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
ADCT vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $34.6M |
| Net Profit | — | $-6.5M |
| Gross Margin | — | 74.9% |
| Operating Margin | -77.7% | -23.5% |
| Net Margin | — | -18.8% |
| Revenue YoY | 36.4% | -5.6% |
| Net Profit YoY | — | 26.8% |
| EPS (diluted) | $0.04 | $-0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $23.1M | $34.6M | ||
| Q3 25 | $15.8M | $34.6M | ||
| Q2 25 | $18.1M | $35.3M | ||
| Q1 25 | $17.4M | $34.7M | ||
| Q4 24 | $16.9M | $36.7M | ||
| Q3 24 | $18.0M | $36.3M | ||
| Q2 24 | $17.0M | $37.3M | ||
| Q1 24 | $17.8M | $37.7M |
| Q4 25 | — | $-6.5M | ||
| Q3 25 | $-41.0M | $-6.4M | ||
| Q2 25 | $-56.6M | $-7.3M | ||
| Q1 25 | $-38.6M | $-8.7M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | $-44.0M | $-11.4M | ||
| Q2 24 | $-36.5M | $-11.2M | ||
| Q1 24 | $-46.6M | $-10.7M |
| Q4 25 | — | 74.9% | ||
| Q3 25 | — | 74.7% | ||
| Q2 25 | — | 75.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 74.3% | ||
| Q2 24 | — | 74.5% | ||
| Q1 24 | — | 74.1% |
| Q4 25 | -77.7% | -23.5% | ||
| Q3 25 | -196.6% | -23.1% | ||
| Q2 25 | -244.1% | -26.0% | ||
| Q1 25 | -163.5% | -30.1% | ||
| Q4 24 | -191.8% | -32.1% | ||
| Q3 24 | -197.4% | -36.7% | ||
| Q2 24 | -170.5% | -35.0% | ||
| Q1 24 | -188.3% | -33.1% |
| Q4 25 | — | -18.8% | ||
| Q3 25 | -260.1% | -18.4% | ||
| Q2 25 | -313.2% | -20.6% | ||
| Q1 25 | -221.8% | -25.1% | ||
| Q4 24 | — | -24.2% | ||
| Q3 24 | -244.1% | -31.4% | ||
| Q2 24 | -214.6% | -29.9% | ||
| Q1 24 | -261.1% | -28.4% |
| Q4 25 | $0.04 | $-0.15 | ||
| Q3 25 | $-0.30 | $-0.15 | ||
| Q2 25 | $-0.50 | $-0.17 | ||
| Q1 25 | $-0.36 | $-0.21 | ||
| Q4 24 | $-0.26 | $-0.21 | ||
| Q3 24 | $-0.42 | $-0.27 | ||
| Q2 24 | $-0.38 | $-0.27 | ||
| Q1 24 | $-0.56 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-185.8M | $139.4M |
| Total Assets | $323.1M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $37.0M | ||
| Q3 25 | $234.7M | $47.2M | ||
| Q2 25 | $264.6M | $37.7M | ||
| Q1 25 | $194.7M | $26.8M | ||
| Q4 24 | $250.9M | $14.9M | ||
| Q3 24 | $274.3M | $11.0M | ||
| Q2 24 | $300.1M | $15.5M | ||
| Q1 24 | $234.3M | $18.3M |
| Q4 25 | $-185.8M | $139.4M | ||
| Q3 25 | $-238.2M | $144.3M | ||
| Q2 25 | $-199.2M | $150.0M | ||
| Q1 25 | $-238.2M | $153.7M | ||
| Q4 24 | $-202.6M | $159.4M | ||
| Q3 24 | $-171.9M | $164.9M | ||
| Q2 24 | $-131.7M | $170.8M | ||
| Q1 24 | $-194.4M | $174.4M |
| Q4 25 | $323.1M | $228.4M | ||
| Q3 25 | $289.8M | $224.8M | ||
| Q2 25 | $321.6M | $235.1M | ||
| Q1 25 | $272.5M | $245.8M | ||
| Q4 24 | $322.0M | $251.0M | ||
| Q3 24 | $349.1M | $250.9M | ||
| Q2 24 | $371.8M | $259.0M | ||
| Q1 24 | $308.0M | $269.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.1M | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -6.4% |
| Capex IntensityCapex / Revenue | 0.0% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $-1.1M | ||
| Q3 25 | $-29.6M | $2.5M | ||
| Q2 25 | $-24.1M | $2.6M | ||
| Q1 25 | $-56.3M | $3.4M | ||
| Q4 24 | $-21.9M | $985.0K | ||
| Q3 24 | $-25.0M | $295.0K | ||
| Q2 24 | $-32.8M | $1.4M | ||
| Q1 24 | $-44.1M | $2.1M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | $-56.6M | $1.9M | ||
| Q4 24 | $-21.9M | $424.0K | ||
| Q3 24 | $-25.3M | $143.0K | ||
| Q2 24 | $-32.9M | $898.0K | ||
| Q1 24 | $-44.6M | $1.1M |
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | -325.2% | 5.6% | ||
| Q4 24 | -129.8% | 1.2% | ||
| Q3 24 | -140.2% | 0.4% | ||
| Q2 24 | -193.0% | 2.4% | ||
| Q1 24 | -250.0% | 2.9% |
| Q4 25 | 0.0% | 3.3% | ||
| Q3 25 | 0.0% | 1.1% | ||
| Q2 25 | 0.0% | 1.4% | ||
| Q1 25 | 1.5% | 4.2% | ||
| Q4 24 | 0.5% | 1.5% | ||
| Q3 24 | 1.2% | 0.4% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 3.0% | 2.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
