ONL (ONL) financial statements
ONL reported revenue of $148M in fiscal 2025, up 18.4% a year over 6 years.
Net income was -$139M and the operating margin -65.4%, against 34.8% in 2019.
Free cash flow was -$28M, and the company returned $9M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ONL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $53M | $53M | $80M | $208M | $195M | $165M | $148M |
| Selling, general and admin | $2M | $2M | $4M | $16M | $19M | $20M | $20M |
| Operating income | $19M | $1M | -$39M | -$69M | -$27M | -$69M | -$97M |
| Pre-tax income | $15M | -$2M | -$47M | -$97M | -$57M | -$103M | -$139M |
| Income tax | $0 | $0 | $157,000 | $212,000 | $456,000 | $214,000 | $259,000 |
| Net income | $15M | -$2M | -$47M | -$97M | -$57M | -$103M | -$139M |
| EPS (diluted) | $0.27 | -$0.03 | -$0.84 | -$1.72 | -$1.02 | -$1.84 | -$2.48 |
| Diluted shares | 57M | 57M | 57M | 57M | 56M | 56M | 56M |
| Operating margin | 34.8% | 1.9% | -49.2% | -33.0% | -13.9% | -42.0% | -65.4% |
| Net margin | 28.6% | -3.6% | -59.6% | -46.8% | -29.4% | -62.5% | -94.4% |
Balance sheet
Fiscal years, from ONL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $0 | $0 | $29M | $21M | $22M | $16M | $22M |
| Total assets | — | $546M | $1.8B | $1.6B | $1.4B | $1.3B | $1.2B |
| Total liabilities | — | $49M | $671M | $595M | $537M | $571M | $546M |
| Shareholders' equity | $508M | $497M | $1.1B | $974M | $886M | $764M | $623M |
| Net debt | $0 | $0 | -$29M | -$21M | -$22M | -$16M | -$22M |
Cash flow
Fiscal years, from ONL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $40M | $42M | $56M | $114M | $89M | $54M | $24M |
| Capital spending | $536,000 | $464,000 | $10M | $12M | $18M | $23M | $52M |
| Free cash flow | $39M | $42M | $46M | $103M | $71M | $32M | -$28M |
| Stock-based compensation | $0 | $0 | $65,000 | $2M | $3M | $4M | $4M |
| Dividends paid | — | — | — | — | $23M | $22M | $9M |
| Share buybacks (net) | — | $0 | $0 | $0 | -$5M | $0 | $0 |
| Free cash flow margin | 73.8% | 78.3% | 57.9% | 49.3% | 36.2% | 19.2% | -19.0% |
| Dividends per share | — | — | — | — | $0.40 | $0.40 | $0.16 |
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Open ONL in InvestinglyQuestions
What was ONL's revenue in 2025?
$148M in fiscal 2025, from its 10-K filing.
How much free cash flow does ONL generate?
-$28M in fiscal 2025 (operating cash flow minus capital spending).
From ONL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.