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Side-by-side financial comparison of ON24 INC. (ONTF) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $19.1M, roughly 1.8× Americas Gold & Silver Corp). ON24 INC. runs the higher net margin — -18.8% vs -82.3%, a 63.6% gap on every dollar of revenue. On growth, ON24 INC. posted the faster year-over-year revenue change (-5.6% vs -28.0%). ON24 INC. produced more free cash flow last quarter ($-2.2M vs $-41.3M).
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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
ONTF vs USAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.6M | $19.1M |
| Net Profit | $-6.5M | $-15.7M |
| Gross Margin | 74.9% | 34.2% |
| Operating Margin | -23.5% | — |
| Net Margin | -18.8% | -82.3% |
| Revenue YoY | -5.6% | -28.0% |
| Net Profit YoY | 26.8% | 2.8% |
| EPS (diluted) | $-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 | $34.6M | — | ||
| Q3 25 | $34.6M | $19.1M | ||
| Q2 25 | $35.3M | — | ||
| Q1 25 | $34.7M | — | ||
| Q4 24 | $36.7M | — | ||
| Q3 24 | $36.3M | $26.5M | ||
| Q2 24 | $37.3M | — | ||
| Q1 24 | $37.7M | — |
| Q4 25 | $-6.5M | — | ||
| Q3 25 | $-6.4M | $-15.7M | ||
| Q2 25 | $-7.3M | — | ||
| Q1 25 | $-8.7M | — | ||
| Q4 24 | $-8.9M | — | ||
| Q3 24 | $-11.4M | $-16.2M | ||
| Q2 24 | $-11.2M | — | ||
| Q1 24 | $-10.7M | — |
| Q4 25 | 74.9% | — | ||
| Q3 25 | 74.7% | 34.2% | ||
| Q2 25 | 75.1% | — | ||
| Q1 25 | 73.8% | — | ||
| Q4 24 | 74.5% | — | ||
| Q3 24 | 74.3% | 23.6% | ||
| 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 | -18.4% | -82.3% | ||
| Q2 25 | -20.6% | — | ||
| Q1 25 | -25.1% | — | ||
| Q4 24 | -24.2% | — | ||
| Q3 24 | -31.4% | -60.9% | ||
| Q2 24 | -29.9% | — | ||
| Q1 24 | -28.4% | — |
| Q4 25 | $-0.15 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.0M | $39.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $139.4M | $50.2M |
| Total Assets | $228.4M | $234.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $37.0M | — | ||
| Q3 25 | $47.2M | $39.1M | ||
| Q2 25 | $37.7M | — | ||
| Q1 25 | $26.8M | — | ||
| Q4 24 | $14.9M | — | ||
| Q3 24 | $11.0M | — | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $18.3M | — |
| Q4 25 | $139.4M | — | ||
| Q3 25 | $144.3M | $50.2M | ||
| Q2 25 | $150.0M | — | ||
| Q1 25 | $153.7M | — | ||
| Q4 24 | $159.4M | — | ||
| Q3 24 | $164.9M | $53.1M | ||
| Q2 24 | $170.8M | — | ||
| Q1 24 | $174.4M | — |
| Q4 25 | $228.4M | — | ||
| Q3 25 | $224.8M | $234.7M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.1M | $-12.5M |
| Free Cash FlowOCF − Capex | $-2.2M | $-41.3M |
| FCF MarginFCF / Revenue | -6.4% | -216.5% |
| Capex IntensityCapex / Revenue | 3.3% | 150.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $2.5M | $-12.5M | ||
| Q2 25 | $2.6M | — | ||
| Q1 25 | $3.4M | — | ||
| Q4 24 | $985.0K | — | ||
| Q3 24 | $295.0K | $2.4M | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $2.2M | $-41.3M | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $424.0K | — | ||
| Q3 24 | $143.0K | $-11.2M | ||
| Q2 24 | $898.0K | — | ||
| Q1 24 | $1.1M | — |
| Q4 25 | -6.4% | — | ||
| Q3 25 | 6.2% | -216.5% | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.4% | -42.2% | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | 3.3% | — | ||
| Q3 25 | 1.1% | 150.8% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.4% | 51.2% | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 2.8% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
