Filing Flows › Omada Health (OMDA) › Q3 2026 › vs Q2 2026
Omada Health (OMDA) Q3 2026 vs Q2 2026 (quarter over quarter)
Omada Health's revenue rose $3.5M (+4%) from $87.8M in Q2 2026 to $91.3M in Q3 2026. The biggest changes: Services +$4.4M (+5%); Hardware −$943K (-13%). Gross margin 75.9% against 72.6% (+3.3 pts).
Omada Health, Q3 2026: revenue $91.3M (+34% year over year), operating margin 5.3%, net earnings $6.6M, operating cash flow $15.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 75.9% | 72.6% | +3.3 pts |
| Operating margin | 5.3% | 4.0% | +1.2 pts |
| Net margin | 7.2% | 6.0% | +1.1 pts |
| Free cash flow margin | 16.5% | 4.4% | +12.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Services | $85.1M | $80.7M | $4.4M | +5% |
| Hardware | $6.2M | $7.1M | −$943K | -13% |
| Revenue | $91.3M | $87.8M | $3.5M | +4% |
| Gross profit | $69.3M | $63.8M | $5.5M | +9% |
| Cost of revenue | $22.0M | $24.0M | −$2.0M | -8% |
| Other income, net | $1.7M | $1.7M | −$14K | -0.8% |
| Operating profit | $4.8M | $3.5M | $1.3M | +36% |
| Operating expenses | $64.5M | $60.2M | $4.2M | +7% |
| Pre-tax earnings | $6.6M | $5.3M | $1.3M | +24% |
| Research & development | $15.3M | $14.6M | $646K | +4% |
| Sales & marketing | $29.1M | $29.9M | −$781K | -3% |
| General & admin | $20.1M | $15.7M | $4.4M | +28% |
| Net earnings | $6.6M | $5.3M | $1.3M | +24% |
| Depreciation & amortization | $1.7M | $1.6M | $100K | +6% |
| Share-based compensation | $5.9M | $5.6M | $220K | +4% |
| Working capital & other | $1.1M | −$8.5M | $9.6M | — |
| Operating cash flow | $15.1M | $4.0M | $11.1M | +278% |
| Free cash flow (OCF − capex) | $15.0M | $3.9M | $11.2M | +289% |
| Capital expenditures | $118K | $146K | −$28K | -19% |
Questions
How much did Omada Health's revenue grow quarter over quarter in Q3 2026?
Omada Health's revenue rose $3.5M (+4%) from $87.8M in Q2 2026 to $91.3M in Q3 2026.
What drove Omada Health's revenue change in Q3 2026?
Services +$4.4M (+5%); Hardware −$943K (-13%).