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Side-by-side financial comparison of ON24 INC. (ONTF) and RMR GROUP INC. (RMR). Click either name above to swap in a different company.

RMR GROUP INC. is the larger business by last-quarter revenue ($66.7M vs $34.6M, roughly 1.9× ON24 INC.). RMR GROUP INC. runs the higher net margin — 18.3% vs -18.8%, a 37.0% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs -5.6%).

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.

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

ONTF vs RMR — Head-to-Head

Bigger by revenue
RMR
RMR
1.9× larger
RMR
$66.7M
$34.6M
ONTF
Growing faster (revenue YoY)
RMR
RMR
+46.3% gap
RMR
40.8%
-5.6%
ONTF
Higher net margin
RMR
RMR
37.0% more per $
RMR
18.3%
-18.8%
ONTF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ONTF
ONTF
RMR
RMR
Revenue
$34.6M
$66.7M
Net Profit
$-6.5M
$12.2M
Gross Margin
74.9%
Operating Margin
-23.5%
48.1%
Net Margin
-18.8%
18.3%
Revenue YoY
-5.6%
40.8%
Net Profit YoY
26.8%
91.1%
EPS (diluted)
$-0.15
$0.71

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.

Revenue
ONTF
ONTF
RMR
RMR
Q4 25
$34.6M
$66.7M
Q3 25
$34.6M
Q2 25
$35.3M
Q1 25
$34.7M
Q4 24
$36.7M
Q3 24
$36.3M
Q2 24
$37.3M
Q1 24
$37.7M
Net Profit
ONTF
ONTF
RMR
RMR
Q4 25
$-6.5M
$12.2M
Q3 25
$-6.4M
Q2 25
$-7.3M
Q1 25
$-8.7M
Q4 24
$-8.9M
Q3 24
$-11.4M
Q2 24
$-11.2M
Q1 24
$-10.7M
Gross Margin
ONTF
ONTF
RMR
RMR
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%
Operating Margin
ONTF
ONTF
RMR
RMR
Q4 25
-23.5%
48.1%
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%
Net Margin
ONTF
ONTF
RMR
RMR
Q4 25
-18.8%
18.3%
Q3 25
-18.4%
Q2 25
-20.6%
Q1 25
-25.1%
Q4 24
-24.2%
Q3 24
-31.4%
Q2 24
-29.9%
Q1 24
-28.4%
EPS (diluted)
ONTF
ONTF
RMR
RMR
Q4 25
$-0.15
$0.71
Q3 25
$-0.15
Q2 25
$-0.17
Q1 25
$-0.21
Q4 24
$-0.21
Q3 24
$-0.27
Q2 24
$-0.27
Q1 24
$-0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ONTF
ONTF
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$37.0M
$49.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$232.7M
Total Assets
$228.4M
$687.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONTF
ONTF
RMR
RMR
Q4 25
$37.0M
$49.3M
Q3 25
$47.2M
Q2 25
$37.7M
Q1 25
$26.8M
Q4 24
$14.9M
Q3 24
$11.0M
Q2 24
$15.5M
Q1 24
$18.3M
Stockholders' Equity
ONTF
ONTF
RMR
RMR
Q4 25
$139.4M
$232.7M
Q3 25
$144.3M
Q2 25
$150.0M
Q1 25
$153.7M
Q4 24
$159.4M
Q3 24
$164.9M
Q2 24
$170.8M
Q1 24
$174.4M
Total Assets
ONTF
ONTF
RMR
RMR
Q4 25
$228.4M
$687.1M
Q3 25
$224.8M
Q2 25
$235.1M
Q1 25
$245.8M
Q4 24
$251.0M
Q3 24
$250.9M
Q2 24
$259.0M
Q1 24
$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
ONTF
ONTF
RMR
RMR
Operating Cash FlowLast quarter
$-1.1M
$10.7M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-6.4%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONTF
ONTF
RMR
RMR
Q4 25
$-1.1M
$10.7M
Q3 25
$2.5M
Q2 25
$2.6M
Q1 25
$3.4M
Q4 24
$985.0K
Q3 24
$295.0K
Q2 24
$1.4M
Q1 24
$2.1M
Free Cash Flow
ONTF
ONTF
RMR
RMR
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
FCF Margin
ONTF
ONTF
RMR
RMR
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%
Capex Intensity
ONTF
ONTF
RMR
RMR
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%
Cash Conversion
ONTF
ONTF
RMR
RMR
Q4 25
0.88×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ONTF
ONTF

Segment breakdown not available.

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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