Op-Ed: Can On Outrun Its Finance Bro Reputation with More Tech?

Op-Ed: Can On Outrun Its Finance Bro Reputation with More Tech?

Author Photographer
  • Courtesy On

Once known as the uniform of airport dads and VCs, the Swiss performance brand is chasing cool kid credibility with athletes, designers, and run clubs

Published: 01-21-2026

For years, Swiss sportswear brand On had a very specific reputation in the U.S.—one that had a lot less to do with performance and a lot more to do with polo shirts and startup salaries. At some point in the 2010s, its shoes became synonymous with a tech-adjacent, practical wearer who was largely uninterested in either running culture or fashion.

Recently, when I asked people on the street that fit this demographic why they wore On shoes, they raved about comfort and durability in a package that still looked appropriate for a mid-day lunch meeting. Others who I spoke to said this tech/dev following is precisely why they find the brand unappealing—to them, On shoes are associated with a certain socioeconomic class that doesn’t align with their personal style.

This image has proven sticky, even as the brand has grown far beyond it. On’s recent athletic and cultural partnerships, like an outdoor capsule Beams and REI, and a multi-year partnership with music artist Burna Boy, suggest a company actively trying to reposition itself, reaching for a younger and more tapped-in audience. Brand representatives declined to comment on whether this shift is intentional, although recent company reporting points to an effort to connect with younger consumers. But have these initiatives helped On shed its finance bro reputation and appeal to a wider audience?

To be fair, the tech bro-airport dad aesthetic is at odds with how the brand began. On launched in 2010 as a performance running company, founded by retired athlete Olivier Bernhard, who was fixated on creating a shoe that felt fast without sacrificing cushioning. His early prototypes—famously hacked together from garden-hose tubing—eventually evolved into On’s signature CloudTec system, which has hollow air pockets that compress in the sole and earned the brand early industry attention and a major innovation award within its first year.

Over a decade later, On is growing rapidly in the U.S. The brand’s net sales are up 32.6% year over year, eyeing $3 billion dollars in revenue in 2025. (Hoka, another footwear brand making efforts to stay core to running, by comparison, hit around $2.23 billion in 2025.) Ons presence in running and tennis—with a lift from Roger Federer who joined the company as a co-owner in 2019—has expanded significantly, while apparel, once a peripheral category, has become a meaningful part of the business, with sales increasing nearly 87% from 2024.

On is clearly growing and positioning itself as a multisport megabrand alongside the likes of Adidas and Nike. The people wearing the shoes, though, still suggest a gap between the brand’s ambitions and real-world adoption.

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The Cloudboom Strike LightSpray

On’s Growing Legitimacy in Running

For years, On’s running shoes were pretty easy to dismiss. Early models were often critiqued as too stiff, gimmicky, and overpriced for serious training. “The running shoe for non-runners” was a common knock. Multiple runners I spoke to were also disappointed that their shoes seemed to wear down earlier than expected, especially given the $180 price tag. Many switched because they could get a more resilient and equally great model from another brand for at least $30 less. As a running shoe tester myself, I’ve tested the brand's footwear for years, and while I still have a few pairs in my closet, I’m much more likely to reach for nearly anything else. Most of the models lack a certain oomph or joy—that responsive, fun pop that brands like Adidas and Asics have nailed through modern foam compositions.

But with the max-cushion Cloudmonster model, launched in 2022, runners started paying attention. Kellen Matthews-Thompson, a Philadelphia-based marathoner who averages over 50 miles a week, says the Cloudmonster is his go-to daily trainer behind the Adidas Evo SL, one of the most popular shoes on the internet right now. It’s stiffer than most max cushion shoes, but that seems to work for a certain subset of runners who like a firmer, more stable ride. And as social media has pushed a running culture where people increasingly want to look good while training, it certainly doesn’t hurt that the Cloudmonster aesthetic is far bolder and more maximalist than the brand’s earlier, more conservative models.

On’s push into high-performance racing in July 2024 with a shoe called the Cloudboom Strike accelerated that shift even further. “When they entered the long-distance running and the super shoe game, that was proving not so much that they could produce shoes that break records and win marathons, but also go toe-to-toe with the likes of Nike, Adidas, Puma, and New Balance,” says Daniel-Yaw Miller, sports and fashion journalist and writer of the SportsVerse newsletter.

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The Cloudboom Strike

The Cloudboom Strike—which Matthews-Thompson affirms has been “goated”—marked a clearer break from earlier designs. The shoe moves away from the hollowed-out (and heavily critiqued) CloudTec midsole that once defined the brand, focusing instead on a light weight and propulsion through a carbon-plate. That same year the brand also released the Cloudboom Strike LightSpray, a model with an upper created by robotically spraying a filament directly onto the sole in a matter of minutes. It reduced seams and cut weight while allowing On to create a shoe with a smaller carbon footprint than traditional manufacturing. It also looks good; sleek, and downright futuristic. No other brand has done anything like it.

“They’re the brand right now when you talk innovation,” says Justin Williams, founder of Unseen Run Club in San Francisco. The shoe isn't merely a technological concept car either. Hellen Obiri won the NYC marathon this year—and set the course record—wearing the Cloudboom Strike LS, while Joe Klecker placed 10th for men at his marathon debut wearing the non-LightSpray version.

That credibility helps explain On’s growing presence in running communities, where its approach has been community-led. Rather than solely launching a branded run club or building a proprietary app ecosystem, the brand has focused on supporting existing crews in the cities it works in, says Williams.

Ahead of the 2025 California International Marathon, On outfitted Williams' entire crew with full kits including shoes, shorts, and singlets. “I believe that speaks to hiring people who make community a priority and having more women and people of color in their tech rep roles who don’t necessarily have the traditional running shoe retail background,” he adds.

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San Francisco's Unseen Run Club | Photo by Cameron Dantley

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Hellen Obriri in LightSpray shoes at the 2025 Boston Marathon

Running with a New Crowd

In addition to its recent success in running, On has built out a broad roster of athletes across track and field, tennis, trail running, and triathlon. Miller says that their athlete endorsement strategy has brought them to a different level. He points to figures like American tennis player Ben Shelton, a 23-year old rising tennis star who can show Gen Z that the brand is worth paying attention to. More than 60 On athletes made it to the 2025 World Athletics Championships in Tokyo, and Kiwi runner George "Geordie" Beamish snagged a gold medal in the 3000-meter steeplechase.

Those partnerships extend outside of sport as well. Like Nike’s work with Drake or Adidas’ collaborations with Bad Bunny, On has increasingly aligned itself with cultural figures as a way of shifting perception. On has had actress Zendaya and musical artist FKA twigs on its roster for years, but its recent collaboration with Burna Boy marks a more explicit move in that direction. Burna Boy has no clear link with the sport he now represents—tennis—so it feels like a targeted attempt to reposition On in front of a more mainstream (and less white) audience than the corporate-leaning U.S. consumer it has long been associated with.

Miller sees this as a play to scale to new audiences, which a globally renowned artist can help them achieve. “We underestimate as well how many consumers there are still out there who've literally never heard of On—let alone can pronounce their name or understand what their logo means,” he says.

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Burna Boy as On's Clubhouse President

When Fashion Bought In

On has been collaborating with fashion brands longer than most people realize. The brand’s first high-profile partnership came in 2022, when it teamed up with Loewe. “The fashion world bought into On very early on—a long time before the rest of us did,” says Miller. “Jonathan Anderson at Loewe was a big, big fan of On going back years and Loewe was the first ever collaboration On did, which is crazy to think about given that On was never cool and then went to becoming a brand that's collaborating with someone at the heart of the luxury fashion industry.”

Since then, On has collaborated with streetwear label Kith and Seoul-based design brand Post Archive Faction (PAF), releasing limited footwear launches that lean more technical fashion than training. This year, the brand also partnered with Japanese clothing brand Beams and outdoor retailer REI on a capsule collection that blends apparel, footwear, and camping gear. According to the Seattle Times, the collab became REI's fastest-selling collection release in the company’s history.

“These are all brands that have extremely high taste level and don't just partner with anyone,” says Miller.

On is also starting to surface in fashion spaces where it previously had little presence. Just three years ago, On wasn’t on StockX, a resale platform with a user base that skews young, style-conscious, and trend-driven. Now, sales are up 74% year over year. ESSX, a luxury concept store on New York's Lower East Side that caters to athletes, artists, celebrities, and “fashion kids,” now carries On products including pieces from its PAF collaboration. Streetwear retailer Ssense and sneaker culture site Feature now carry a wide range of On models, suggesting the brand is beginning to be treated less as a specialty running label and more as a legitimate player in the sneaker fashion ecosystem.

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On x BEAMS x REI

So Who’s Actually Wearing On?

Online, On appears to be doing everything right to try to establish itself as dominant in both the fashion and running space. The visuals are engaging, the models are diverse, and the partnerships are culturally fluent. There are community initiatives, creative activations, and legitimate athlete accomplishments.

Even those who criticize On's shoes often praise the brand’s creative direction. One New York–based sports photographer told me that while the shoes still aren’t for him, the brand’s design work stands out. “They’re taking risks and presenting a real point of view,” he says.

Yet when I walk the streets of New York, the data doesn’t seem to line up with the IRL adoption. If I’m in Tribeca or the Financial District, neighborhoods known as corporate and tech hot spots, I’ll spot CloudTec outsoles all over the place. But around Brooklyn, in more art and fashion forward neighborhoods like Bed-Stuy (where I live), Crown Heights, and Bushwick, I’ll see a few people wearing them at the gym but am hard-pressed to find a pair worked into a genuinely fashionable fit. When I attend running events or go to a run club, it seems the only people wearing On are brand ambassadors. (But to On's credit, the brand ambassadors are undeniably cool and respected in the running community.)

Despite the impressive marketing campaigns, there’s still a disconnect between the brand's projected image and the people actually wearing the shoes. For now, it may simply be too early to see if On's efforts will pay off or if their yuppie reputation runs too deep for the creative crowd to cash in. But we’re still at the very beginning of the adoption curve, Miller says. And as revenue rises quarter after quarter, On is still raking in the cash, so even if they haven’t achieved adoption from the “cool” crowd, obviously something is working.

“It's still a tiny, tiny brand compared to say Nike or Adidas or Puma,” he adds. “It's going to take many more years for On to reach the scale where we see it as much as a New Balance. But I strongly believe it will get there.”

I’m less certain. I think the brand will have to take bigger stylistic and color risks before people stop associating On with the corporate crowd. Most of the models still come in a narrow palette of neutrals, and even the collaborations tend to feel dull and overly technical, barely pushing beyond what the core lineup already looks like. The most promising drop I’ve seen is the dance-inspired On x FKA Twigs collection, which features a shoe with an extended lace system that combines the trending aesthetics of both ballet sneakers and climbing approach shoes. Everything else still reads too controlled and too sterile to meaningfully break from the image On is (apparently) trying to leave behind.

Still, I’ll be happy to be proven wrong.

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