Filing Flows › Omada Health (OMDA) › How it makes money
How Omada Health (OMDA) makes money
Omada Health (OMDA) made $91.3M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Services brought in $85.1M (93%); Hardware brought in $6.2M (7%). Of every dollar of revenue, 76¢ was left as gross profit, 5¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Services | $85.1M | 93.2% | +5% | +35% |
| Hardware | $6.2M | 6.8% | -13% | +22% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $91.3M | 100.0% |
| Cost of revenue | $22.0M | 24.1% |
| Gross profit | $69.3M | 75.9% |
| Operating expenses | $64.5M | 70.6% |
| Operating profit | $4.8M | 5.3% |
| Net earnings | $6.6M | 7.2% |
| Operating cash flow | $15.1M | 16.6% |
| Free cash flow | $15.0M | 16.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $91.3M | +34% |
| Q2 2026 | $87.8M | +43% |
| Q1 2026 | $78.0M | +42% |
| Q4 2025 | $75.8M | +58% |
| Q3 2025 | $68.0M | +50% |
| Q2 2025 | $61.4M | +49% |
From Omada Health's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Omada Health make money?
Omada Health (OMDA) made $91.3M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Services brought in $85.1M (93%); Hardware brought in $6.2M (7%). Of every dollar of revenue, 76¢ was left as gross profit, 5¢ was left as operating profit, 7¢ was left as net earnings.
What is Omada Health's biggest business?
Services: $85.1M in the third quarter 2026, 93% of revenue, +35% from a year earlier.
What is Omada Health's profit margin?
Net earnings were $6.6M, 7.2% of revenue, in the third quarter 2026; the operating margin was 5.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.