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Side-by-side financial comparison of ON24 INC. (ONTF) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $34.6M, roughly 1.5× ON24 INC.). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -18.8%, a 13.7% gap on every dollar of revenue. On growth, ON24 INC. posted the faster year-over-year revenue change (-5.6% vs -14.2%). READING INTERNATIONAL INC produced more free cash flow last quarter ($4.1M vs $-2.2M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -4.2%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
ONTF vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.6M | $50.3M |
| Net Profit | $-6.5M | $-2.6M |
| Gross Margin | 74.9% | — |
| Operating Margin | -23.5% | -1.9% |
| Net Margin | -18.8% | -5.1% |
| Revenue YoY | -5.6% | -14.2% |
| Net Profit YoY | 26.8% | -14.5% |
| EPS (diluted) | $-0.15 | $-0.11 |
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 | $34.6M | $50.3M | ||
| Q3 25 | $34.6M | $52.2M | ||
| Q2 25 | $35.3M | $60.4M | ||
| Q1 25 | $34.7M | $40.2M | ||
| Q4 24 | $36.7M | $58.6M | ||
| Q3 24 | $36.3M | $60.1M | ||
| Q2 24 | $37.3M | $46.8M | ||
| Q1 24 | $37.7M | $45.1M |
| Q4 25 | $-6.5M | $-2.6M | ||
| Q3 25 | $-6.4M | $-4.2M | ||
| Q2 25 | $-7.3M | $-2.7M | ||
| Q1 25 | $-8.7M | $-4.8M | ||
| Q4 24 | $-8.9M | $-2.2M | ||
| Q3 24 | $-11.4M | $-7.0M | ||
| Q2 24 | $-11.2M | $-12.8M | ||
| Q1 24 | $-10.7M | $-13.2M |
| 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% | -1.9% | ||
| Q3 25 | -23.1% | -0.6% | ||
| Q2 25 | -26.0% | 4.8% | ||
| Q1 25 | -30.1% | -17.2% | ||
| Q4 24 | -32.1% | 2.6% | ||
| Q3 24 | -36.7% | -0.6% | ||
| Q2 24 | -35.0% | -16.4% | ||
| Q1 24 | -33.1% | -16.7% |
| Q4 25 | -18.8% | -5.1% | ||
| Q3 25 | -18.4% | -8.0% | ||
| Q2 25 | -20.6% | -4.4% | ||
| Q1 25 | -25.1% | -11.8% | ||
| Q4 24 | -24.2% | -3.8% | ||
| Q3 24 | -31.4% | -11.7% | ||
| Q2 24 | -29.9% | -27.4% | ||
| Q1 24 | -28.4% | -29.4% |
| Q4 25 | $-0.15 | $-0.11 | ||
| Q3 25 | $-0.15 | $-0.18 | ||
| Q2 25 | $-0.17 | $-0.12 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.21 | $-0.11 | ||
| Q3 24 | $-0.27 | $-0.31 | ||
| Q2 24 | $-0.27 | $-0.57 | ||
| Q1 24 | $-0.26 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.0M | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $139.4M | $-18.2M |
| Total Assets | $228.4M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $37.0M | $10.5M | ||
| Q3 25 | $47.2M | $8.1M | ||
| Q2 25 | $37.7M | $9.1M | ||
| Q1 25 | $26.8M | $5.9M | ||
| Q4 24 | $14.9M | $12.4M | ||
| Q3 24 | $11.0M | $10.1M | ||
| Q2 24 | $15.5M | $9.3M | ||
| Q1 24 | $18.3M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $139.4M | $-18.2M | ||
| Q3 25 | $144.3M | $-12.1M | ||
| Q2 25 | $150.0M | $-7.7M | ||
| Q1 25 | $153.7M | $-8.1M | ||
| Q4 24 | $159.4M | $-4.4M | ||
| Q3 24 | $164.9M | $1.6M | ||
| Q2 24 | $170.8M | $6.5M | ||
| Q1 24 | $174.4M | $18.0M |
| Q4 25 | $228.4M | $434.9M | ||
| Q3 25 | $224.8M | $435.2M | ||
| Q2 25 | $235.1M | $438.1M | ||
| Q1 25 | $245.8M | $441.0M | ||
| Q4 24 | $251.0M | $471.0M | ||
| Q3 24 | $250.9M | $495.7M | ||
| Q2 24 | $259.0M | $494.9M | ||
| Q1 24 | $269.2M | $494.9M |
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 | $-1.1M | $4.3M |
| Free Cash FlowOCF − Capex | $-2.2M | $4.1M |
| FCF MarginFCF / Revenue | -6.4% | 8.2% |
| Capex IntensityCapex / Revenue | 3.3% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.0M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $4.3M | ||
| Q3 25 | $2.5M | $295.0K | ||
| Q2 25 | $2.6M | $1.6M | ||
| Q1 25 | $3.4M | $-7.7M | ||
| Q4 24 | $985.0K | $8.0M | ||
| Q3 24 | $295.0K | $1.3M | ||
| Q2 24 | $1.4M | $-10.4M | ||
| Q1 24 | $2.1M | $-2.8M |
| Q4 25 | $-2.2M | $4.1M | ||
| Q3 25 | $2.2M | $-246.0K | ||
| Q2 25 | $2.1M | $1.2M | ||
| Q1 25 | $1.9M | $-8.0M | ||
| Q4 24 | $424.0K | $7.0M | ||
| Q3 24 | $143.0K | $-1.1M | ||
| Q2 24 | $898.0K | $-10.6M | ||
| Q1 24 | $1.1M | $-4.7M |
| Q4 25 | -6.4% | 8.2% | ||
| Q3 25 | 6.2% | -0.5% | ||
| Q2 25 | 5.9% | 1.9% | ||
| Q1 25 | 5.6% | -19.8% | ||
| Q4 24 | 1.2% | 12.0% | ||
| Q3 24 | 0.4% | -1.8% | ||
| Q2 24 | 2.4% | -22.7% | ||
| Q1 24 | 2.9% | -10.4% |
| Q4 25 | 3.3% | 0.3% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 4.2% | 0.6% | ||
| Q4 24 | 1.5% | 1.7% | ||
| Q3 24 | 0.4% | 4.0% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 2.8% | 4.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONTF
Segment breakdown not available.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
