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OneMedNet (ONMD) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 30, 2026

OneMedNet (ONMD) reported revenue of $891K for the fourth quarter 2025 (Q4 2025), up 34-fold from a year earlier and +403% from the quarter before. Operating margin was -345.9%, net loss $3.1M (352.4% of revenue).

Revenue$891K
Year over year34×
Quarter over quarter+403%
Operating margin-345.9%
Net earnings−$3.1M

OneMedNet, Q4 2025: revenue $891K (34× year over year), operating margin -345.9%, net loss $3.1M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$891K+403%34×
Operating profit−$3.1M——
Net earnings−$3.1M——
Operating cash flow−$1.7M——

What changed

Revenue was $891K in Q4 2025, up 3327% year over year and up 403% from the previous quarter.

Gross margin was 18.5%. Operating costs exceeded revenue by $3.1M, an operating margin of -345.9%. The fastest-growing cost line was Sales & marketing (+106%). The quarter ended with a net loss of $3.1M, wider than the previous quarter's $741K loss.

Operating cash flow was −$1.7M. Non-cash charges added back $9K of depreciation and amortization and $1.5M of share-based compensation. Capital expenditures of $5K exceeded it, leaving free cash flow of −$1.7M.

Questions

What was OneMedNet's revenue in the fourth quarter 2025?

OneMedNet (ONMD) reported revenue of $891K for the fourth quarter 2025 (Q4 2025), up 34-fold from a year earlier and +403% from the quarter before.

Was OneMedNet profitable in the fourth quarter 2025?

Operating loss was $3.1M (-345.9% of revenue) and net loss $3.1M.

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Source: OneMedNet 10-K on SEC EDGAR.