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

ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $30.3M, roughly 1.1× SYPRIS SOLUTIONS INC). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -18.8%, a 5.9% gap on every dollar of revenue. On growth, ON24 INC. posted the faster year-over-year revenue change (-5.6% vs -9.5%). SYPRIS SOLUTIONS INC produced more free cash flow last quarter ($-1.5M vs $-2.2M). Over the past eight quarters, ON24 INC.'s revenue compounded faster (-4.2% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

ONTF vs SYPR — Head-to-Head

Bigger by revenue
ONTF
ONTF
1.1× larger
ONTF
$34.6M
$30.3M
SYPR
Growing faster (revenue YoY)
ONTF
ONTF
+3.9% gap
ONTF
-5.6%
-9.5%
SYPR
Higher net margin
SYPR
SYPR
5.9% more per $
SYPR
-12.9%
-18.8%
ONTF
More free cash flow
SYPR
SYPR
$707.0K more FCF
SYPR
$-1.5M
$-2.2M
ONTF
Faster 2-yr revenue CAGR
ONTF
ONTF
Annualised
ONTF
-4.2%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONTF
ONTF
SYPR
SYPR
Revenue
$34.6M
$30.3M
Net Profit
$-6.5M
$-3.9M
Gross Margin
74.9%
4.6%
Operating Margin
-23.5%
-10.9%
Net Margin
-18.8%
-12.9%
Revenue YoY
-5.6%
-9.5%
Net Profit YoY
26.8%
-2992.6%
EPS (diluted)
$-0.15
$-0.17

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
SYPR
SYPR
Q4 25
$34.6M
$30.3M
Q3 25
$34.6M
$28.7M
Q2 25
$35.3M
$31.4M
Q1 25
$34.7M
$29.5M
Q4 24
$36.7M
$33.4M
Q3 24
$36.3M
$35.7M
Q2 24
$37.3M
$35.5M
Q1 24
$37.7M
$35.6M
Net Profit
ONTF
ONTF
SYPR
SYPR
Q4 25
$-6.5M
$-3.9M
Q3 25
$-6.4M
$517.0K
Q2 25
$-7.3M
$-2.1M
Q1 25
$-8.7M
$-899.0K
Q4 24
$-8.9M
$135.0K
Q3 24
$-11.4M
$390.0K
Q2 24
$-11.2M
$16.0K
Q1 24
$-10.7M
$-2.2M
Gross Margin
ONTF
ONTF
SYPR
SYPR
Q4 25
74.9%
4.6%
Q3 25
74.7%
7.2%
Q2 25
75.1%
8.2%
Q1 25
73.8%
11.4%
Q4 24
74.5%
16.1%
Q3 24
74.3%
16.8%
Q2 24
74.5%
15.9%
Q1 24
74.1%
8.1%
Operating Margin
ONTF
ONTF
SYPR
SYPR
Q4 25
-23.5%
-10.9%
Q3 25
-23.1%
-6.1%
Q2 25
-26.0%
-4.6%
Q1 25
-30.1%
-0.4%
Q4 24
-32.1%
3.9%
Q3 24
-36.7%
4.8%
Q2 24
-35.0%
3.6%
Q1 24
-33.1%
-3.9%
Net Margin
ONTF
ONTF
SYPR
SYPR
Q4 25
-18.8%
-12.9%
Q3 25
-18.4%
1.8%
Q2 25
-20.6%
-6.5%
Q1 25
-25.1%
-3.0%
Q4 24
-24.2%
0.4%
Q3 24
-31.4%
1.1%
Q2 24
-29.9%
0.0%
Q1 24
-28.4%
-6.2%
EPS (diluted)
ONTF
ONTF
SYPR
SYPR
Q4 25
$-0.15
$-0.17
Q3 25
$-0.15
$0.02
Q2 25
$-0.17
$-0.09
Q1 25
$-0.21
$-0.04
Q4 24
$-0.21
$0.00
Q3 24
$-0.27
$0.02
Q2 24
$-0.27
$0.00
Q1 24
$-0.26
$-0.10

Balance Sheet & Financial Strength

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

Metric
ONTF
ONTF
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$37.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$17.8M
Total Assets
$228.4M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONTF
ONTF
SYPR
SYPR
Q4 25
$37.0M
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
SYPR
SYPR
Q4 25
$139.4M
$17.8M
Q3 25
$144.3M
$20.0M
Q2 25
$150.0M
$18.7M
Q1 25
$153.7M
$19.0M
Q4 24
$159.4M
$19.6M
Q3 24
$164.9M
$18.2M
Q2 24
$170.8M
$19.0M
Q1 24
$174.4M
$20.8M
Total Assets
ONTF
ONTF
SYPR
SYPR
Q4 25
$228.4M
$107.8M
Q3 25
$224.8M
$112.5M
Q2 25
$235.1M
$105.8M
Q1 25
$245.8M
$110.2M
Q4 24
$251.0M
$119.4M
Q3 24
$250.9M
$121.6M
Q2 24
$259.0M
$124.2M
Q1 24
$269.2M
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$-1.1M
$-1.1M
Free Cash FlowOCF − Capex
$-2.2M
$-1.5M
FCF MarginFCF / Revenue
-6.4%
-5.0%
Capex IntensityCapex / Revenue
3.3%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$4.0M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONTF
ONTF
SYPR
SYPR
Q4 25
$-1.1M
$-1.1M
Q3 25
$2.5M
$-178.0K
Q2 25
$2.6M
$1.1M
Q1 25
$3.4M
$-5.5M
Q4 24
$985.0K
$2.3M
Q3 24
$295.0K
$-4.8M
Q2 24
$1.4M
$6.2M
Q1 24
$2.1M
$-1.7M
Free Cash Flow
ONTF
ONTF
SYPR
SYPR
Q4 25
$-2.2M
$-1.5M
Q3 25
$2.2M
$-390.0K
Q2 25
$2.1M
$941.0K
Q1 25
$1.9M
$-5.5M
Q4 24
$424.0K
$1.9M
Q3 24
$143.0K
$-4.9M
Q2 24
$898.0K
$6.0M
Q1 24
$1.1M
$-2.0M
FCF Margin
ONTF
ONTF
SYPR
SYPR
Q4 25
-6.4%
-5.0%
Q3 25
6.2%
-1.4%
Q2 25
5.9%
3.0%
Q1 25
5.6%
-18.8%
Q4 24
1.2%
5.7%
Q3 24
0.4%
-13.8%
Q2 24
2.4%
16.8%
Q1 24
2.9%
-5.7%
Capex Intensity
ONTF
ONTF
SYPR
SYPR
Q4 25
3.3%
1.3%
Q3 25
1.1%
0.7%
Q2 25
1.4%
0.5%
Q1 25
4.2%
0.0%
Q4 24
1.5%
1.2%
Q3 24
0.4%
0.4%
Q2 24
1.3%
0.5%
Q1 24
2.8%
0.9%
Cash Conversion
ONTF
ONTF
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×
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.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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