Filing Flows › OmniAb (OABI) › Q2 2026 › vs Q1 2026
OmniAb (OABI) Q2 2026 vs Q1 2026 (quarter over quarter)
OmniAb's revenue fell $1.0M (-7%) from $14.4M in Q1 2026 to $13.4M in Q2 2026. The biggest changes: License and milestone revenue −$2.5M (-21%); xPloration revenue +$1.1M (22×); Service revenue +$366K (+17%).
OmniAb, Q2 2026: revenue $13.4M (+244% year over year), operating margin -49.5%, net loss $5.9M, operating cash flow $2.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 19.2% | -35.2% | +54.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| License and milestone revenue | $9.5M | $12.0M | −$2.5M | -21% |
| Service revenue | $2.5M | $2.1M | $366K | +17% |
| xPloration revenue | $1.2M | $54K | $1.1M | 22× |
| Royalty revenue | $266K | $241K | $25K | +10% |
| Revenue | $13.4M | $14.4M | −$1.0M | -7% |
| Other income, net | $425K | $564K | −$139K | -25% |
| Income tax benefit | $353K | −$442K | $795K | — |
| Net loss | $5.9M | $7.7M | −$1.8M | -24% |
| Costs & expenses | $20.1M | $22.7M | −$2.6M | -12% |
| Operating costs | $20.1M | $22.3M | −$2.2M | -10% |
| Research & development | $9.6M | $9.6M | −$54K | -0.6% |
| General & admin | $6.7M | $6.6M | $34K | +0.5% |
| Other operating costs | $3.8M | $6.0M | −$2.2M | -36% |
| Operating cash sources | $8.5M | $2.8M | $5.7M | +206% |
| Depreciation & amortization | $3.7M | $6.6M | −$3.0M | -45% |
| Share-based compensation | $3.2M | $3.3M | −$181K | -5% |
| Working capital & other | $1.7M | −$7.2M | $8.9M | — |
| Net loss absorbed | $5.9M | $7.7M | −$1.8M | -24% |
| Operating cash flow | $2.7M | −$4.9M | $7.6M | — |
| Free cash flow (OCF − capex) | $2.6M | −$5.1M | $7.7M | — |
| Capital expenditures | $110K | $167K | −$57K | -34% |
Questions
How much did OmniAb's revenue grow quarter over quarter in Q2 2026?
OmniAb's revenue fell $1.0M (-7%) from $14.4M in Q1 2026 to $13.4M in Q2 2026.
What drove OmniAb's revenue change in Q2 2026?
License and milestone revenue −$2.5M (-21%); xPloration revenue +$1.1M (22×); Service revenue +$366K (+17%).