Core Viewpoint - OneStream Inc. is recognized as a promising tech stock with strong growth potential, particularly in revenue and market share expansion [1][2]. Group 1: Analyst Ratings and Price Targets - Guggenheim analyst maintains a Buy rating on OneStream with a price target of $35 [1]. - Rosenblatt initiates coverage with a Buy rating and a price target of $26, highlighting OneStream's market share gains from legacy systems [2]. Group 2: Revenue Growth and Performance - OneStream reported a 27% year-over-year increase in subscription revenue, reaching $141 million [3]. - The company experienced a 37% growth in international revenue, driven by strong international demand [3]. - OneStream is projected to achieve close to 20% annual revenue growth over the next several years [2]. Group 3: Technological Advancements - OneStream's Sensible AI forecasts have significantly improved forecast accuracy and reduced forecast generation time by 94%, resulting in annual savings of over 13,000 labor hours [4]. - The company offers a unified, AI-enabled, and extensible software platform both in the US and internationally [4].

Financial Data and Key Metrics Changes - Subscription revenue increased by 27% year-over-year to $141 million, while total revenue grew by 19% year-over-year to $154 million [19] - License revenue declined by 64% year-over-year to $4 million due to contract rationalization and successful SaaS conversions [19] - Professional services and other revenue rose by 38% year-over-year to $9 million, driven by demand for consulting services [19] - Free cash flow for Q3 was $5 million, exceeding expectations, and total equity-based compensation expense was $25 million [22][23] Business Line Data and Key Metrics Changes - International revenue grew by 37% year-over-year, representing 34% of total revenue, with strong legacy replacement momentum in Europe [4][20] - Billings increased by 20% year-over-year to $178 million, with trailing 12-month billings growing by 21% [20][22] - AI bookings were up 60% year-over-year, indicating strong demand for AI solutions [22] Market Data and Key Metrics Changes - The company saw exceptional new business growth in the AMEA region, while the U.S. experienced strong add-on business, partially offsetting federal new business weakness [21] - The federal business renewed all but one agency customer, with optimism about future opportunities in the federal sector [5][28] Company Strategy and Development Direction - The company is focused on leading the finance AI era, emphasizing the importance of modernizing financial systems and leveraging AI for improved business performance [8][18] - OneStream aims to provide purpose-built applied AI solutions, enhancing the role of CFOs as strategic partners [8][9] - The introduction of Sensible AI Studio and Sensible AI agents is expected to drive significant value for customers by automating tasks and providing insights [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver unparalleled value for customers, partners, and shareholders, supported by a strong product portfolio and pipeline [18][24] - The company raised its 2025 growth and profitability outlook, expecting total revenue for Q4 to be between $156 million and $158 million [24] Other Important Information - The company was recognized as a leader in the 2025 Record to Report Buyers Guide by ISG Research, achieving high scores in customer and product experience [5] - The company plans to embed Sensible AI agents throughout workflows to assist with data interrogation and reporting [12] Q&A Session Summary Question: Insights on federal dynamics and renewals - Management noted that only one federal contract was lost due to agency discontinuation, and they remain optimistic about future federal opportunities [26][28] Question: AI deployment trends among customers - Management confirmed strong interest in AI, particularly in Sensible AI Forecast and other AI applications, indicating a growing embrace of AI in finance [29][30] Question: Confidence in 2026 growth targets - Management highlighted strong performance in AMEA and the U.S. commercial business, contributing to optimism for 2026 [32][33] Question: Risks around government shutdown - Management acknowledged challenges due to the government shutdown but expressed confidence in their FedRAMP High certification and ability to serve government agencies [63][64]