# On

> On is a Swiss performance sportswear company founded in Zurich in 2010 that designs premium running shoes, apparel, and accessories. Built around its patented CloudTec cushioning - a sole of hollow rubber pods engineered to feel like 'running on clouds' - On grew from a specialty-running startup into a NYSE-listed brand (ticker ONON) with roughly $3.3 billion in projected 2025 revenue. Backed by tennis great Roger Federer since 2019, it competes with Nike, Adidas, and Hoka through design-led innovation, a fast-growing direct-to-consumer business, and manufacturing bets like robot-sprayed LightSpray uppers.

- **Founded:** 2010
- **Headquarters:** Zurich, Switzerland
- **Founders:** Olivier Bernhard (Co-Founder, former professional triathlete/Ironman champion), David Allemann (Co-Founder, Executive Co-Chairman), Caspar Coppetti (Co-Founder, Executive Co-Chairman)
- **Team size:** ~4,000 employees (3,254 reported in 2024)
- **Products:** Cloud / Cloud series, CloudTec technology, Cloudmonster / Cloudmonster 3, LightSpray, Cyclon
- **Notable:** Grew from a 2010 Zurich startup to a NYSE-listed company valued around $19B by 2025, Projected 2025 revenue of roughly $3.3B, up at least 27% year over year, Grew 2024 net income more than 200% to CHF 242.3M

## Products & services

- **Cloud / Cloud series** — The flagship lifestyle-and-performance running shoe line built on CloudTec cushioning that launched the brand.
- **CloudTec technology** — Patented midsole of hollow rubber pods ("clouds") that compress on landing for soft cushioning and lock on toe-off for a firm push.
- **Cloudmonster / Cloudmonster 3** — Maximal-cushion running shoe with an oversized CloudTec stack, Helion foam and rocker geometry.
- **LightSpray** — Manufacturing process where a robot sprays ~1.5km of thermoplastic filament to form a seamless, laceless one-piece upper in about three minutes.
- **Cyclon** — Subscription-based, fully recyclable running shoe designed to be returned and remade rather than owned.
- **The Roger** — Tennis-inspired lifestyle sneaker line co-created with Roger Federer.
- **Apparel & accessories** — Performance running, training, outdoor, tennis and all-day apparel plus bags and socks.

## Achievements

- Grew from a 2010 Zurich startup to a NYSE-listed company valued around $19B by 2025
- Projected 2025 revenue of roughly $3.3B, up at least 27% year over year
- Grew 2024 net income more than 200% to CHF 242.3M
- Pioneered robot-sprayed LightSpray uppers, cutting a shoe to as few as eight components
- Turned Roger Federer's 2019 investment into a reported 8-12x return

## Latest updates

- **2026-02** — On brought LightSpray technology to the mainstream Cloudmonster 3 line with the Cloudmonster 3 Hyper LS, an eight-part shoe with a robot-sprayed upper.
- **2025-08** — Roger Federer's On stake helped push his net worth past $1 billion as the company's valuation climbed toward $19B.
- **2025-01** — On projected at least ~27% revenue growth for 2025 to roughly $3.3B.

## Links

- Website: https://on.com
- LinkedIn: http://www.linkedin.com/company/on-ag
- Twitter/X: https://twitter.com/on_running
- YouTube: https://www.youtube.com/onrunning
- Instagram: https://www.instagram.com/on_running
- Facebook: https://www.facebook.com/onrunning
- TikTok: https://www.tiktok.com/@on_running

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Profile page: https://yespress.io/on
Published by YesPress — https://yespress.io
Last updated: 2026-07-26