Core Viewpoint - Analysts project a 12.25% upside for the Vanguard Small-Cap Growth ETF (VBK) based on its underlying holdings, with an implied target price of $335.05 per unit compared to its recent trading price of $298.49 [1][2]. Summary by Category ETF Overview - The Vanguard Small-Cap Growth ETF (VBK) has a recent trading price of $298.49 and an implied analyst target price of $335.05, indicating a potential upside of 12.25% [1][3]. Underlying Holdings Analysis - Notable underlying holdings with significant upside potential include: - Wolfspeed Inc (WOLF): Recent price of $2.33, average analyst target of $4.62, representing a 98.50% upside [2][3]. - Chime Financial Inc (CHYM): Recent price of $23.66, average analyst target of $37.23, indicating a 57.35% upside [2][3]. - Onestream Inc (OS): Recent price of $18.97, average analyst target of $29.35, showing a 54.72% upside [2][3]. Analyst Target Justification - Questions arise regarding whether analysts' targets are justified or overly optimistic, considering recent company and industry developments. A high target relative to current trading prices may indicate optimism but could also lead to potential downgrades if targets are outdated [3].

Company Background - OneStream was founded by individuals with extensive experience in corporate finance and software development, particularly in the Corporate Performance Management (CPM) space [2] - The company was influenced by the legacy of Hyperion, a dominant product in financial close, planning, and consolidation, which was previously owned by Oracle [2] Industry Context - Hyperion was recognized as a leading solution for large corporations in managing financial processes, indicating a strong market presence and demand for CPM solutions [2]

OneStream Conference Call Summary Company Overview - **Company**: OneStream (NasdaqGS:OS) - **Industry**: Corporate Performance Management (CPM) Software Key Points and Arguments Company Background and Founding - OneStream was founded to address the technical debt and complexity associated with multiple legacy financial reporting products, particularly those from Oracle, SAP, and IBM [4][5][6] - The founding thesis was to create a unified platform that rationalizes various financial processes into a single system, allowing for extensibility and integration of new functionalities [7][9] Platform Extensibility - The OneStream platform is likened to a smartphone, where core functionalities (e.g., consolidation, planning) are built-in, and additional applications can be developed without third-party technology [9][10] - The introduction of applications like Account Reconciliation and ESG reporting demonstrates the platform's ability to adapt to customer needs and market trends [12][10] Market Position and Competitive Advantage - OneStream targets large, sophisticated businesses, leveraging its history with Hyperion to establish credibility in complex financial environments [14][15] - The company has grown to 1,700 customers, including major brands like Costco and General Motors, by consolidating multiple systems into a single financial processing engine [15] - The introduction of CPM Express aims to accelerate implementation times and provide best practice solutions for new customers, enhancing scalability [16][51] AI Integration and Future Strategy - OneStream is focused on integrating AI into its platform, with products like SensibleAI Forecast and AI Studio gaining traction among customers [46][47] - The company emphasizes the importance of connecting AI capabilities to its financial data backbone, ensuring reliable and actionable insights [24][25] - The competitive landscape includes potential threats from AI-native companies, but OneStream believes its established workflows and data integrity provide a significant moat [18][19][24] Financial Performance and Guidance - OneStream has consistently achieved over 20% growth in subscription revenue, with a positive outlook for future growth driven by AI adoption and market conditions [45][46] - The company acknowledges short-term headwinds in government contracts due to regulatory changes but remains confident in its long-term strategy [49][50] Customer Profile and Product Usage - Most customers begin with core functionalities like planning or consolidation, with many moving towards AI solutions as they recognize the operational benefits [58][59] - The company aims to educate the market on AI's potential, which is seen as a barrier to faster adoption [48] Future Priorities - The CEO expresses excitement about the productization strategy and the integration of AI, viewing these as transformative for the company's growth and customer satisfaction [61] Additional Important Insights - The company is developing a plug-and-play architecture to streamline implementations, which is expected to enhance customer onboarding and satisfaction [15][16] - OneStream's ability to handle complex financial calculations, such as intercompany transactions and joint ventures, sets it apart from generic analytic tools [39][40] This summary encapsulates the key discussions and insights from the OneStream conference call, highlighting the company's strategic direction, market positioning, and future growth opportunities.

Core Insights - The company has experienced a positive first year since going public, aligning with expectations and hopes [1] - Increased visibility as a public entity has strengthened the company's performance and operational rigor [1] - The company's strategy is deemed effective, contributing to employee liquidity and overall positive outcomes [1]

OneStream (OS) 2025 Conference Summary Company Overview - **Company**: OneStream - **Event**: Citi Global TMT Conference - **Date**: September 04, 2025 Key Points Company Performance and Public Status - OneStream has been public for over a year, and the experience has met expectations, providing increased visibility and performance scrutiny, which strengthens the company [3][4][5] Innovation and Product Development - The company has seen record commercial pipeline growth, driven by innovations such as the Sensible AI portfolio and agile financial analytics [4][6] - OneStream's platform allows for close consolidation, planning, and reporting in a single data model, which is unique in the market [6][10] - AI innovations, particularly the Sensible AI Forecast, have shown significant momentum, with a case study indicating a customer saved $2.5 million and reduced forecasting time from ten days to one day [8][9][30] Federal Government Opportunities - The federal sector presents a significant opportunity for modernization, with many legacy systems still in use [13][14] - The government is cautious about moving to the cloud, which could impact revenue recognition for OneStream [14][15] Market Dynamics and Competitive Landscape - The financial transformation market is experiencing an upgrade cycle as on-premise ERP vendors push customers to the cloud, creating opportunities for legacy replacement [17][18] - Oracle remains OneStream's largest competitor, but win rates against major competitors have remained stable [20][21] - Concerns exist regarding the consolidation of ERP systems potentially limiting OneStream's opportunities; however, the company believes its unique capabilities will continue to provide value [22][24][27] AI Strategy and Use Cases - OneStream's AI capabilities are being leveraged for anomaly detection and enhanced forecasting, with a focus on accuracy and curated data [32][33] - The company is exploring monetization strategies for AI solutions, utilizing a hybrid pricing model that accommodates customer preferences [34][35] Sales and Organizational Changes - Recent changes in sales leadership were primarily for regulatory compliance, with no significant structural changes in the organization [56][57] - A dedicated AI sales force is being developed, focusing on integrating AI capabilities into the sales process [58][59] Financial Performance and Growth Strategy - OneStream aims to increase gross margins to 80% in the near to midterm, with ongoing investments in infrastructure and cost-saving measures [70][71] - The company is also exploring new geographic markets to drive top-line growth while maintaining a focus on margin improvement [69][70] Customer Engagement and Implementation - The introduction of CPM Express allows for faster implementation times (8-12 weeks) for smaller customers, enhancing expansion opportunities [45][48][52] - Customers are increasingly adopting consumption-based pricing models, reflecting a broader industry trend [39][40] Additional Insights - OneStream's internal use of AI has led to increased productivity in engineering and customer support, showcasing the effectiveness of its own products [64][65] - The company emphasizes the importance of maintaining customer trust and transparency in pricing discussions [43][44] This summary encapsulates the key insights and developments discussed during the OneStream conference, highlighting the company's strategic direction, market opportunities, and innovative capabilities.

Group 1 - OneStream, Inc. (NASDAQ: OS) is experiencing better growth than suggested by headlines, indicating a positive outlook for the company [1] - The author has previously assigned a buy rating to OneStream, reflecting confidence in its performance despite one-off headwinds [1] - The investment approach includes fundamental, technical, and momentum investing, showcasing a comprehensive strategy to evaluate investment opportunities [1] Group 2 - The article serves as a platform for tracking investment ideas and connecting with like-minded investors [1]

Group 1 - Investors are increasingly seeking safety during the Q2 earnings season by investing in blue-chip large-cap stocks such as Meta and Microsoft [1] - The trend indicates a shift towards established companies as a response to market volatility [1] Group 2 - The article highlights the experience of Gary Alexander, who has a background in covering technology companies and advising startups [1] - His insights reflect the current themes shaping the technology industry [1]

Core Viewpoint - Onestream reported stable revenue for Q2 2025, with a notable EPS increase, indicating potential resilience in financial performance despite market challenges [1]. Financial Performance - Revenue for the quarter ended June 2025 was $147.59 million, unchanged from the previous year, and exceeded the Zacks Consensus Estimate of $140.97 million by 4.7% [1]. - EPS for the quarter was $0.05, a significant increase from $0 in the same quarter last year, resulting in a surprise of 400% compared to the consensus estimate of $0.01 [1]. Key Metrics - The company had 1,600 customers, slightly below the average estimate of 1,692 by two analysts [4]. - Subscription revenue was $133.63 million, surpassing the average estimate of $128.96 million from five analysts [4]. - Professional services and other revenue reached $8 million, exceeding the average estimate of $7.04 million from six analysts [4]. - License revenue was reported at $5.96 million, above the average estimate of $4.75 million from five analysts [4]. - Gross profit from software was $105.3 million, compared to the average estimate of $102.09 million based on four analysts [4]. - Gross profit from professional services and other was -$4.1 million, worse than the average estimate of -$2.4 million based on four analysts [4]. Stock Performance - Over the past month, Onestream's shares have returned -9.5%, contrasting with the Zacks S&P 500 composite's +1.2% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].

Financial Data and Key Metrics Changes - Total revenue grew 26% year over year to $148 million, with subscription revenue increasing 30% year over year to $134 million [26] - Free cash flow for Q2 was $29 million, up 281% compared to the previous year [27] - Non-GAAP net income was $9 million in the quarter compared to a loss of $5 million in the prior year [29] Business Line Data and Key Metrics Changes - The core finance platform continues to drive the majority of revenue growth, with strong subscription revenue growth contributing significantly [7] - Professional services and other revenue increased by $500,000 compared to last year [27] - The early momentum of the recently launched CPM Express offering is enabling quicker access to the platform for customers [9][23] Market Data and Key Metrics Changes - International business revenue grew 34% year over year, contributing 33% to total revenue [27] - More than 60% of bookings came from new customers, indicating strong market demand [27] - The North American commercial business performed well, driven by the growth of the CPM Express product [22] Company Strategy and Development Direction - The company focuses on product and AI innovations to capitalize on market momentum and build long-term value [6] - The strategy includes a shift towards operational planning beyond the office of the CFO, leveraging advanced AI capabilities [38] - The introduction of the Genesys architecture aims to simplify customer experiences and drive revenue through new solutions [13][100] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook for the US Federal and public sector business despite near-term uncertainties [30][46] - The company has the largest pipeline ever at this point in the year, indicating strong future growth potential [30] - Management acknowledged the challenges in the federal government sector but remains confident in the long-term opportunities [48] Other Important Information - The company introduced several advanced AI innovations at the SPLASH conference, including Sensible AI Forecast and Sensible AI Studio [10][14] - The company is focused on providing predictable outcomes and building trust in AI solutions among CFOs [85] Q&A Session Summary Question: Expansion outside the Office of the CFO - Management discussed the strategy to drive expansion into operational planning and highlighted the upcoming ESG product as an example of targeted use cases [36][40] Question: Federal Government Contracts and Guidance - Management provided insights on the federal government’s modernization efforts and the potential migration to SaaS, balancing optimism with caution regarding Q3 guidance [43][46] Question: Macro Environment and Deal Delays - Management acknowledged the strong Q2 performance while recognizing some uncertainty in the macro environment but expressed confidence in executing the pipeline [52][55] Question: CPM Express and Sales Enablement - Management emphasized that CPM Express is part of the productization strategy aimed at delivering quicker value to customers and noted positive sales momentum [58][62] Question: AI Monetization and Pricing Strategy - Management outlined the hybrid pricing strategy for AI solutions and emphasized the importance of low friction processes for customer adoption [70][74] Question: Competitive Mode and AI Disruption - Management reassured that OneStream's sophisticated financial intelligence system is insulated from AI disruption, emphasizing the need for trust and transparency in financial applications [77][82] Question: Trust and Adoption of AI Solutions - Management highlighted the importance of productizing AI solutions to provide predictable outcomes and build trust among CFOs [84][86] Question: Federal Business Pipeline and Interest - Management confirmed that the pipeline for federal business continues to build, with indications of interest increasing despite current uncertainties [105]

Q2 2025 Earnings August 2025 仍 onestream Disclaimer Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors. Some of these risks are clescribed in greater detail in ou the Securities and Exchange Commission, including our most recently filed Quarterly Report on Form 10-4. or Annual Recort on Form 10-K. ht is not possible for our managemen all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combin ...