Filing Flows › Omada Health (OMDA) › Q4 2025
Omada Health (OMDA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Omada Health (OMDA) reported revenue of $75.8M for the fourth quarter 2025 (Q4 2025), +58% from a year earlier and +11% from the quarter before. Operating margin was 4.3%, net earnings $5.2M (6.8% of revenue).
Omada Health, Q4 2025: revenue $75.8M (+58% year over year), operating margin 4.3%, net earnings $5.2M, operating cash flow $21.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.8M | +11% | +58% |
| Gross profit | $53.7M | +19% | +67% |
| Operating profit | $3.3M | — | — |
| Net earnings | $5.2M | — | — |
| Operating cash flow | $21.4M | +111% | — |
| Free cash flow | $20.0M | — | — |
What changed
Revenue was $75.8M in Q4 2025, up 58% year over year and up 11% from the previous quarter. Services was the largest line at 94% of revenue.
Gross margin was 70.8%, up 3.8 points from a year earlier. Operating profit was $3.3M, a 4.3% margin (up 19.1 points year over year). Operating expenses grew 28% against revenue growth of 58%. The fastest-growing cost line was Sales & marketing (+36%). Net earnings were $5.2M. The effective tax rate was 0.0%. Non-operating items added $1.9M, 36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $21.4M, 414% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $11.0M. After capitalized internal-use software development costs ($1.1M) and purchases of property and equipment ($199K), free cash flow as the company reports it was $20.0M.
Questions
What was Omada Health's revenue in the fourth quarter 2025?
Omada Health (OMDA) reported revenue of $75.8M for the fourth quarter 2025 (Q4 2025), +58% from a year earlier and +11% from the quarter before.
Was Omada Health profitable in the fourth quarter 2025?
Operating profit was $3.3M (4.3% of revenue) and net earnings $5.2M.
Source: Omada Health 10-K on SEC EDGAR.