12 Best IPO Stocks to Buy in 2025

8. OneStream Inc. (NASDAQ:OS)

Average Upside Potential as of March 21: 55.62%

Number of Hedge Fund Holders: 34

OneStream Inc. (NASDAQ:OS) offers a unified and AI-enabled Digital Finance Cloud platform. It provides solutions for financial close, planning, analysis, and reporting, and serves global enterprises and government entities. It helps organizations streamline financial processes and gain end-to-end visibility into their financial and operational data.

In 2024, the company’s total revenue reached $489 million, which represented a 31% year-over-year increase. Subscription revenue surged by 41% to $428 million. The platform’s value is evident in its 98% gross retention rate. The company’s core business is its cloud-based financial and operational data platform, which is driven by its Finance AI solutions. The company is actively expanding its Finance AI portfolio and developing new solutions like ESG reporting and Sales Performance Management (SPM).

The Finance AI segment grew with a quadrupling of bookings and customer adoption. It has a Sensible Machine Learning (SML) segment. Customers using SML reported an average 20% improvement in forecast accuracy and an 80% reduction in forecast cycle time. By the end of 2024, the company’s ARR reached $568 million. For 2025, OneStream Inc. (NASDAQ:OS) projects total revenue to be between $583 and $587 million.

ClearBridge Mid Cap Growth Strategy saw positive returns from new investments, which included OneStream Inc.’s (NASDAQ:OS) IPO. This indicated successful stock selection and strong growth potential for the company. It stated the following in its Q3 2024 investor letter:

“We are encouraged by the high proportion of positive returns on new ideas added over the last five quarters of elevated new idea generation, with solid contributions to overall performance despite their representing a modest portion of the Strategy’s assets.

We continued to deliver strong new idea generation, adding four new investments in the quarter: OneStream, Inc. (NASDAQ:OS) (through participating in its IPO), Abercombie & Fitch, Wintrust Financial, and FTAI Aviation.

OneStream is a horizontal software company focused on back-office solutions for the office of the CFO. With a largely organically built platform offering, selling to the enterprise and competing against a variety of entrenched legacy providers, OneStream offers best-in-class growth and ramping profitability.”