Filing Flows › OmniAb (OABI) › Q1 2026
OmniAb (OABI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
OmniAb (OABI) reported revenue of $14.4M for the first quarter 2026 (Q1 2026), +247% from a year earlier and +72% from the quarter before. Operating margin was -54.3%, net loss $7.7M (53.4% of revenue).
OmniAb, Q1 2026: revenue $14.4M (+247% year over year), operating margin -54.3%, net loss $7.7M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.4M | +72% | +247% |
| Operating profit | −$7.8M | — | — |
| Net earnings | −$7.7M | — | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $14.4M in Q1 2026, up 247% year over year and up 72% from the previous quarter. License and milestone revenue was the largest line at 83% of revenue. License and milestone revenue added $10.0M year over year (up 495%), 97% of the total change.
Operating costs exceeded revenue by $7.8M, an operating margin of -54.3%. Total costs fell 3% while revenue rose 247%. The fastest-growing cost line was Other operating costs (+142%). The quarter ended with a net loss of $7.7M, narrower than the previous quarter's $14.2M loss.
Operating cash flow was −$4.9M. Non-cash charges added back $6.6M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $7.2M. Capital expenditures of $167K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was OmniAb's revenue in the first quarter 2026?
OmniAb (OABI) reported revenue of $14.4M for the first quarter 2026 (Q1 2026), +247% from a year earlier and +72% from the quarter before.
Was OmniAb profitable in the first quarter 2026?
Operating loss was $7.8M (-54.3% of revenue) and net loss $7.7M.
Source: OmniAb 10-Q on SEC EDGAR.