Filing Flows › OmniAb (OABI) › Q2 2026
OmniAb (OABI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
OmniAb (OABI) reported revenue of $13.4M for the second quarter 2026 (Q2 2026), +244% from a year earlier and -7% from the quarter before. Operating margin was -49.5%, net loss $5.9M (43.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4M | -7% | +244% |
| Operating profit | −$6.6M | — | — |
| Net earnings | −$5.9M | — | — |
| Operating cash flow | $2.7M | — | — |
| Free cash flow | $2.6M | — | — |
What changed
Revenue was $13.4M in Q2 2026, up 244% year over year and down 7% from the previous quarter. License and milestone revenue was the largest line at 71% of revenue. License and milestone revenue added $8.3M year over year (up 666%), 87% of the total change.
Operating costs exceeded revenue by $6.6M, an operating margin of -49.5%. Total costs fell 0% while revenue rose 244%. The fastest-growing cost line was Other operating costs (+143%). The quarter ended with a net loss of $5.9M, narrower than the previous quarter's $7.7M loss.
Operating cash flow was $2.7M. Non-cash charges added back $3.7M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $110K left free cash flow of $2.6M.
Questions
What was OmniAb's revenue in the second quarter 2026?
OmniAb (OABI) reported revenue of $13.4M for the second quarter 2026 (Q2 2026), +244% from a year earlier and -7% from the quarter before.
Was OmniAb profitable in the second quarter 2026?
Operating loss was $6.6M (-49.5% of revenue) and net loss $5.9M.
Source: OmniAb 10-Q on SEC EDGAR.