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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and ON24 INC. (ONTF). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $34.6M, roughly 1.3× ON24 INC.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -5.6%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -4.2%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
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.
DX vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $34.6M |
| Net Profit | — | $-6.5M |
| Gross Margin | — | 74.9% |
| Operating Margin | — | -23.5% |
| Net Margin | — | -18.8% |
| Revenue YoY | 531.3% | -5.6% |
| Net Profit YoY | — | 26.8% |
| EPS (diluted) | $1.59 | $-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 | $43.5M | $34.6M | ||
| Q3 25 | $30.6M | $34.6M | ||
| Q2 25 | $23.1M | $35.3M | ||
| Q1 25 | $17.1M | $34.7M | ||
| Q4 24 | — | $36.7M | ||
| Q3 24 | — | $36.3M | ||
| Q2 24 | — | $37.3M | ||
| Q1 24 | $-3.2M | $37.7M |
| Q4 25 | — | $-6.5M | ||
| Q3 25 | $150.4M | $-6.4M | ||
| Q2 25 | $-13.6M | $-7.3M | ||
| Q1 25 | $-3.1M | $-8.7M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | — | $-11.4M | ||
| Q2 24 | — | $-11.2M | ||
| Q1 24 | $40.1M | $-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 | — | -23.5% | ||
| Q3 25 | — | -23.1% | ||
| Q2 25 | — | -26.0% | ||
| Q1 25 | — | -30.1% | ||
| Q4 24 | — | -32.1% | ||
| Q3 24 | — | -36.7% | ||
| Q2 24 | — | -35.0% | ||
| Q1 24 | — | -33.1% |
| Q4 25 | — | -18.8% | ||
| Q3 25 | 491.3% | -18.4% | ||
| Q2 25 | -58.8% | -20.6% | ||
| Q1 25 | -18.0% | -25.1% | ||
| Q4 24 | — | -24.2% | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.9% | ||
| Q1 24 | -1256.8% | -28.4% |
| Q4 25 | $1.59 | $-0.15 | ||
| Q3 25 | $1.08 | $-0.15 | ||
| Q2 25 | $-0.14 | $-0.17 | ||
| Q1 25 | $-0.06 | $-0.21 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | — | $-0.27 | ||
| Q2 24 | — | $-0.27 | ||
| Q1 24 | $0.64 | $-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 | $531.0M | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $139.4M |
| Total Assets | $17.3B | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $37.0M | ||
| Q3 25 | $491.0M | $47.2M | ||
| Q2 25 | $387.5M | $37.7M | ||
| Q1 25 | $327.4M | $26.8M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $15.5M | ||
| Q1 24 | $295.7M | $18.3M |
| Q4 25 | $2.5B | $139.4M | ||
| Q3 25 | $2.0B | $144.3M | ||
| Q2 25 | $1.6B | $150.0M | ||
| Q1 25 | $1.4B | $153.7M | ||
| Q4 24 | — | $159.4M | ||
| Q3 24 | — | $164.9M | ||
| Q2 24 | — | $170.8M | ||
| Q1 24 | $958.5M | $174.4M |
| Q4 25 | $17.3B | $228.4M | ||
| Q3 25 | $14.2B | $224.8M | ||
| Q2 25 | $11.3B | $235.1M | ||
| Q1 25 | $9.0B | $245.8M | ||
| Q4 24 | — | $251.0M | ||
| Q3 24 | — | $250.9M | ||
| Q2 24 | — | $259.0M | ||
| Q1 24 | $6.3B | $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 | $120.8M | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -6.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $-1.1M | ||
| Q3 25 | $68.3M | $2.5M | ||
| Q2 25 | $31.9M | $2.6M | ||
| Q1 25 | $6.4M | $3.4M | ||
| Q4 24 | — | $985.0K | ||
| Q3 24 | — | $295.0K | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | $-17.1M | $2.1M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $424.0K | ||
| Q3 24 | — | $143.0K | ||
| Q2 24 | — | $898.0K | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
