Tear Sheet: Cornerstone OnDemand Inc.

This report does not constitute a rating action. The company has increased its cross-selling efforts, particularly through the integration of its Learning Experience Platform (LXP) into its existing Learning Management System (LMS) customer base. Cornerstone benefits from a large base of highly recurring revenue, which accounts for over 96% of the total $1,093 million of revenue it generated in 2024. The company closed on approximately 100 new logos in the first quarter of 2025, including EIT Raw Materials, Newfoundland and Labrador Health Services (NHLS), and City National Bank. Additionally, Cornerstone continues to work on integrating its recent acquisitions of Talespin and SkyHive. Given the stable demand for its people and learning solutions, we anticipate that the company will continue to

...May 7, 2025 This report does not constitute a rating action. S&P Global Ratings expects Cornerstone will increase its revenue by the low single digit percent area in 2025, supported by its cross-selling initiatives. The company has increased its cross-selling efforts, particularly through the integration of its Learning Experience Platform (LXP) into its existing Learning Management System (LMS) customer base. Cornerstone benefits from a large base of highly recurring revenue, which accounts for over 96% of the total $1,093 million of revenue it generated in 2024. The company closed on approximately 100 new logos in the first quarter of 2025, including EIT Raw Materials, Newfoundland and Labrador Health Services (NHLS), and City National Bank. Additionally, Cornerstone continues to work on integrating its recent acquisitions of Talespin and SkyHive. Given the stable demand for its people and learning solutions, we anticipate that the company will continue to increase its revenue by the...

Full Report