Filing Flows › Omada Health (OMDA) › Q3 2026 › vs Q3 2025
Omada Health (OMDA) Q3 2026 vs Q3 2025 (year over year)
Omada Health's revenue rose $23.3M (+34%) from $68.0M in Q3 2025 to $91.3M in Q3 2026. The biggest changes: Services +$22.2M (+35%); Hardware +$1.1M (+22%). Gross margin 75.9% against 66.3% (+9.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 75.9% | 66.3% | +9.6 pts |
| Operating margin | 5.3% | -3.7% | +9.0 pts |
| Net margin | 7.2% | -4.7% | +11.8 pts |
| Free cash flow margin | 16.5% | 14.1% | +2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Services | $85.1M | $62.9M | $22.2M | +35% |
| Hardware | $6.2M | $5.1M | $1.1M | +22% |
| Revenue | $91.3M | $68.0M | $23.3M | +34% |
| Gross profit | $69.3M | $45.1M | $24.2M | +54% |
| Cost of revenue | $22.0M | $23.0M | −$935K | -4% |
| Other income, net | $1.7M | −$665K | $2.4M | — |
| Operating profit | $4.8M | −$2.5M | $7.3M | — |
| Operating expenses | $64.5M | $47.6M | $16.9M | +35% |
| Pre-tax earnings | $6.6M | −$3.2M | $9.7M | — |
| Research & development | $15.3M | $10.3M | $5.0M | +48% |
| Sales & marketing | $29.1M | $22.9M | $6.2M | +27% |
| General & admin | $20.1M | $14.3M | $5.7M | +40% |
| Net earnings | $6.6M | −$3.2M | $9.7M | — |
| Depreciation & amortization | $1.7M | $1.4M | $322K | +24% |
| Share-based compensation | $5.9M | $3.5M | $2.3M | +65% |
| Working capital & other | $1.1M | $8.4M | −$7.4M | -87% |
| Operating cash flow | $15.1M | $10.1M | $5.0M | +49% |
| Free cash flow (OCF − capex) | $15.0M | $9.6M | $5.4M | +57% |
| Capital expenditures | $118K | $537K | −$419K | -78% |
Questions
How much did Omada Health's revenue grow year over year in Q3 2026?
Omada Health's revenue rose $23.3M (+34%) from $68.0M in Q3 2025 to $91.3M in Q3 2026.
What drove Omada Health's revenue change in Q3 2026?
Services +$22.2M (+35%); Hardware +$1.1M (+22%).