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Side-by-side financial comparison of ON24 INC. (ONTF) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $32.6M, roughly 1.1× RxSight, Inc.). ON24 INC. runs the higher net margin — -18.8% vs -28.1%, a 9.3% gap on every dollar of revenue. On growth, ON24 INC. posted the faster year-over-year revenue change (-5.6% vs -18.9%). ON24 INC. produced more free cash flow last quarter ($-2.2M vs $-2.3M). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% 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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
ONTF vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.6M | $32.6M |
| Net Profit | $-6.5M | $-9.2M |
| Gross Margin | 74.9% | 77.5% |
| Operating Margin | -23.5% | -34.8% |
| Net Margin | -18.8% | -28.1% |
| Revenue YoY | -5.6% | -18.9% |
| Net Profit YoY | 26.8% | -54.1% |
| EPS (diluted) | $-0.15 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $34.6M | $30.3M | ||
| Q2 25 | $35.3M | $33.6M | ||
| Q1 25 | $34.7M | $37.9M | ||
| Q4 24 | $36.7M | $40.2M | ||
| Q3 24 | $36.3M | $35.3M | ||
| Q2 24 | $37.3M | $34.9M | ||
| Q1 24 | $37.7M | $29.5M |
| Q4 25 | $-6.5M | $-9.2M | ||
| Q3 25 | $-6.4M | $-9.8M | ||
| Q2 25 | $-7.3M | $-11.8M | ||
| Q1 25 | $-8.7M | $-8.2M | ||
| Q4 24 | $-8.9M | $-5.9M | ||
| Q3 24 | $-11.4M | $-6.3M | ||
| Q2 24 | $-11.2M | $-6.1M | ||
| Q1 24 | $-10.7M | $-9.1M |
| Q4 25 | 74.9% | 77.5% | ||
| Q3 25 | 74.7% | 79.9% | ||
| Q2 25 | 75.1% | 74.9% | ||
| Q1 25 | 73.8% | 74.8% | ||
| Q4 24 | 74.5% | 71.6% | ||
| Q3 24 | 74.3% | 71.4% | ||
| Q2 24 | 74.5% | 69.5% | ||
| Q1 24 | 74.1% | 70.1% |
| Q4 25 | -23.5% | -34.8% | ||
| Q3 25 | -23.1% | -40.1% | ||
| Q2 25 | -26.0% | -41.6% | ||
| Q1 25 | -30.1% | -28.2% | ||
| Q4 24 | -32.1% | -21.5% | ||
| Q3 24 | -36.7% | -26.1% | ||
| Q2 24 | -35.0% | -23.9% | ||
| Q1 24 | -33.1% | -36.2% |
| Q4 25 | -18.8% | -28.1% | ||
| Q3 25 | -18.4% | -32.4% | ||
| Q2 25 | -20.6% | -35.0% | ||
| Q1 25 | -25.1% | -21.6% | ||
| Q4 24 | -24.2% | -14.8% | ||
| Q3 24 | -31.4% | -17.9% | ||
| Q2 24 | -29.9% | -17.4% | ||
| Q1 24 | -28.4% | -30.8% |
| Q4 25 | $-0.15 | $-0.22 | ||
| Q3 25 | $-0.15 | $-0.24 | ||
| Q2 25 | $-0.17 | $-0.29 | ||
| Q1 25 | $-0.21 | $-0.20 | ||
| Q4 24 | $-0.21 | $-0.14 | ||
| Q3 24 | $-0.27 | $-0.16 | ||
| Q2 24 | $-0.27 | $-0.16 | ||
| Q1 24 | $-0.26 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $139.4M | $275.7M |
| Total Assets | $228.4M | $311.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $37.0M | $228.1M | ||
| Q3 25 | $47.2M | $227.5M | ||
| Q2 25 | $37.7M | $227.5M | ||
| Q1 25 | $26.8M | $229.3M | ||
| Q4 24 | $14.9M | $237.2M | ||
| Q3 24 | $11.0M | $237.1M | ||
| Q2 24 | $15.5M | $233.3M | ||
| Q1 24 | $18.3M | $125.4M |
| Q4 25 | $139.4M | $275.7M | ||
| Q3 25 | $144.3M | $276.0M | ||
| Q2 25 | $150.0M | $278.0M | ||
| Q1 25 | $153.7M | $279.3M | ||
| Q4 24 | $159.4M | $281.2M | ||
| Q3 24 | $164.9M | $277.3M | ||
| Q2 24 | $170.8M | $275.2M | ||
| Q1 24 | $174.4M | $163.9M |
| Q4 25 | $228.4M | $311.8M | ||
| Q3 25 | $224.8M | $308.5M | ||
| Q2 25 | $235.1M | $309.0M | ||
| Q1 25 | $245.8M | $313.0M | ||
| Q4 24 | $251.0M | $318.6M | ||
| Q3 24 | $250.9M | $310.5M | ||
| Q2 24 | $259.0M | $305.5M | ||
| Q1 24 | $269.2M | $183.2M |
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 | $-1.1M | $-1.1M |
| Free Cash FlowOCF − Capex | $-2.2M | $-2.3M |
| FCF MarginFCF / Revenue | -6.4% | -6.9% |
| Capex IntensityCapex / Revenue | 3.3% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.0M | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $-1.1M | ||
| Q3 25 | $2.5M | $-1.2M | ||
| Q2 25 | $2.6M | $-4.4M | ||
| Q1 25 | $3.4M | $-8.8M | ||
| Q4 24 | $985.0K | $-4.3M | ||
| Q3 24 | $295.0K | $650.0K | ||
| Q2 24 | $1.4M | $-4.0M | ||
| Q1 24 | $2.1M | $-9.3M |
| Q4 25 | $-2.2M | $-2.3M | ||
| Q3 25 | $2.2M | $-1.8M | ||
| Q2 25 | $2.1M | $-5.9M | ||
| Q1 25 | $1.9M | $-9.4M | ||
| Q4 24 | $424.0K | $-5.1M | ||
| Q3 24 | $143.0K | $-453.0K | ||
| Q2 24 | $898.0K | $-5.5M | ||
| Q1 24 | $1.1M | $-11.3M |
| Q4 25 | -6.4% | -6.9% | ||
| Q3 25 | 6.2% | -5.8% | ||
| Q2 25 | 5.9% | -17.6% | ||
| Q1 25 | 5.6% | -24.8% | ||
| Q4 24 | 1.2% | -12.7% | ||
| Q3 24 | 0.4% | -1.3% | ||
| Q2 24 | 2.4% | -15.9% | ||
| Q1 24 | 2.9% | -38.2% |
| Q4 25 | 3.3% | 3.5% | ||
| Q3 25 | 1.1% | 1.9% | ||
| Q2 25 | 1.4% | 4.6% | ||
| Q1 25 | 4.2% | 1.5% | ||
| Q4 24 | 1.5% | 2.1% | ||
| Q3 24 | 0.4% | 3.1% | ||
| Q2 24 | 1.3% | 4.4% | ||
| Q1 24 | 2.8% | 6.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONTF
Segment breakdown not available.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
