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How OmniAb (OABI) makes money

OmniAb (OABI) made $4.0M of revenue in the third quarter 2026 (Q3 2026), +78% from a year earlier. Service revenue brought in $2.8M (71%); xPloration revenue brought in $703K (18%); Royalty revenue brought in $355K (9%).

Drawing the Sankey…

OmniAb revenue by segment, Q3 2026OmniAb revenue by segment, Q3 2026Service revenue$2.8MxPloration revenue$703KRoyalty revenue$355KLicense and milestone revenue$100K
OmniAb: revenue by line, Q1 2025 to Q3 2026OmniAb: revenue by line, Q1 2025 to Q3 2026License and milestone…Service revenuexPloration revenueRoyalty revenueLicense and milestone revenue: $100K latestService revenue: $2.8M latest$2.8MxPloration revenue: $703K latestRoyalty revenue: $355K latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
License and milestone revenue went from 49% of revenue in Q1 2025 to 3% in Q3 2026, the largest shift in the mix.
OmniAb revenue by quarterOmniAb revenue by quarter$4.2MQ1 2025$3.9MQ2 2025$2.2MQ3 2025$8.4MQ4 2025$14.4MQ1 2026$13.4MQ2 2026$4.0MQ3 2026
OmniAb: where each dollar of revenue goesOmniAb: where each dollar of revenue goesOperating cash flow265¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Service revenue$2.8M71.0%+15%+139%
xPloration revenue$703K17.6%-39%+850%
Royalty revenue$355K8.9%+33%-2%
License and milestone revenue$100K2.5%-99%-84%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$4.0M100.0%
Operating cash flow$10.6M264.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$4.0M+78%
Q2 2026$13.4M+244%
Q1 2026$14.4M+247%
Q4 2025$8.4M-22%
Q3 2025$2.2M-46%
Q2 2025$3.9M-49%
Q1 2025$4.2M+9%

From OmniAb's 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does OmniAb make money?

OmniAb (OABI) made $4.0M of revenue in the third quarter 2026 (Q3 2026), +78% from a year earlier. Service revenue brought in $2.8M (71%); xPloration revenue brought in $703K (18%); Royalty revenue brought in $355K (9%).

What is OmniAb's biggest business?

Service revenue: $2.8M in the third quarter 2026, 71% of revenue, +139% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.