Filing Flows › Omada Health (OMDA) › Q2 2026
Omada Health (OMDA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Omada Health (OMDA) reported revenue of $87.8M for the second quarter 2026 (Q2 2026), +43% from a year earlier and +13% from the quarter before. Operating margin was 4.0%, net earnings $5.3M (6.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.8M | +13% | +43% |
| Gross profit | $63.8M | +31% | +58% |
| Operating profit | $3.5M | — | — |
| Net earnings | $5.3M | — | — |
| Operating cash flow | $4.0M | — | +40% |
| Free cash flow | $3.9M | — | +49% |
What changed
Revenue was $87.8M in Q2 2026, up 43% year over year and up 13% from the previous quarter. Services was the largest line at 92% of revenue. Services added $23.7M year over year (up 42%), 90% of the total change.
Gross margin was 72.6%, up 6.9 points from Q2 2025. Operating profit was $3.5M, a 4.0% margin (up 11.1 points year over year). Operating expenses grew 35% against revenue growth of 43%. The fastest-growing cost line was Research & development (+46%). Net earnings were $5.3M. The effective tax rate was 0.0%. Non-operating items added $1.7M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $4.0M (up 40% year over year), 76% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $8.5M. Capital expenditures of $146K left free cash flow of $3.9M.
Questions
What was Omada Health's revenue in the second quarter 2026?
Omada Health (OMDA) reported revenue of $87.8M for the second quarter 2026 (Q2 2026), +43% from a year earlier and +13% from the quarter before.
Was Omada Health profitable in the second quarter 2026?
Operating profit was $3.5M (4.0% of revenue) and net earnings $5.3M.
Source: Omada Health 10-Q on SEC EDGAR.