Filing Flows › Omada Health (OMDA) › Q2 2026 › vs Q1 2026
Omada Health (OMDA) Q2 2026 vs Q1 2026 (quarter over quarter)
Omada Health's revenue rose $9.8M (+13%) from $78.0M in Q1 2026 to $87.8M in Q2 2026. The biggest changes: Services +$11.1M (+16%); Hardware −$1.3M (-16%). Gross margin 72.6% against 62.4% (+10.2 pts).
Omada Health, Q2 2026: revenue $87.8M (+43% year over year), operating margin 4.0%, net earnings $5.3M, operating cash flow $4.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 72.6% | 62.4% | +10.2 pts |
| Operating margin | 4.0% | -6.1% | +10.2 pts |
| Net margin | 6.0% | -3.8% | +9.8 pts |
| Free cash flow margin | 4.4% | -15.3% | +19.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Services | $80.7M | $69.6M | $11.1M | +16% |
| Hardware | $7.1M | $8.5M | −$1.3M | -16% |
| Revenue | $87.8M | $78.0M | $9.8M | +13% |
| Gross profit | $63.8M | $48.7M | $15.1M | +31% |
| Cost of revenue | $24.0M | $29.4M | −$5.3M | -18% |
| Other income, net | $1.7M | $1.8M | −$66K | -4% |
| Operating profit | $3.5M | −$4.8M | $8.3M | — |
| Operating expenses | $60.2M | $53.5M | $6.8M | +13% |
| Pre-tax earnings | $5.3M | −$3.0M | $8.3M | — |
| Research & development | $14.6M | $12.7M | $1.9M | +15% |
| Sales & marketing | $29.9M | $26.8M | $3.1M | +12% |
| General & admin | $15.7M | $14.0M | $1.7M | +12% |
| Net earnings | $5.3M | −$3.0M | $8.3M | — |
| Operating cash sources | $12.5M | $2.7M | $9.8M | +355% |
| Depreciation & amortization | $1.6M | $1.5M | $73K | +5% |
| Share-based compensation | $5.6M | $4.2M | $1.4M | +34% |
| Working capital & other | $8.5M | $14.6M | −$6.1M | -42% |
| Operating cash flow | $4.0M | −$11.8M | $15.8M | — |
| Free cash flow (OCF − capex) | $3.9M | −$11.9M | $15.8M | — |
| Capital expenditures | $146K | $78K | $68K | +87% |
Questions
How much did Omada Health's revenue grow quarter over quarter in Q2 2026?
Omada Health's revenue rose $9.8M (+13%) from $78.0M in Q1 2026 to $87.8M in Q2 2026.
What drove Omada Health's revenue change in Q2 2026?
Services +$11.1M (+16%); Hardware −$1.3M (-16%).