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InnovAge Holding vs Omada Health: INNV and OMDA compared
InnovAge Holding is the larger company: $265M of revenue in its latest quarter (Q1 FY27) against $91.3M for Omada Health (Q3 2026). Omada Health is growing faster (+34% against +12% a year earlier). InnovAge Holding is more profitable, with an operating margin of 7.6% against 5.3%.
Where the money goes: INNV and OMDA
InnovAge Holding (INNV) · Q1 FY27
InnovAge Holding, Q1 FY27: revenue $265M (+12% year over year), operating margin 7.6%, net earnings $19.6M, operating cash flow $28.7M. The chart follows the revenue to costs, profit and cash.
Omada Health (OMDA) · Q3 2026
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 follows the revenue to costs, profit and cash.
| InnovAge Holding (INNV) | Omada Health (OMDA) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $265M | $91.3M |
| Revenue growth, Y/Y | +12% | +34% |
| Gross margin | 24.0% | 75.9% |
| Operating margin | 7.6% | 5.3% |
| Net earnings | $19.6M | $6.6M |
| Net margin | 7.4% | 7.2% |
| Operating cash flow | $28.7M | $15.1M |
| Free cash flow | $25.8M | $15.0M |
Where the revenue comes from
Omada Health
- Services: $85.1M (93%)
- Hardware: $6.2M (7%)
Questions
Which is bigger, InnovAge Holding or Omada Health?
InnovAge Holding is the larger company: $265M of revenue in its latest quarter (Q1 FY27) against $91.3M for Omada Health (Q3 2026).
Is InnovAge Holding or Omada Health growing faster?
Omada Health is growing faster (+34% against +12% a year earlier).
Which is more profitable, InnovAge Holding or Omada Health?
InnovAge Holding is more profitable, with an operating margin of 7.6% against 5.3%.
More: InnovAge Holding earnings · how InnovAge Holding makes money · Omada Health earnings · how Omada Health makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.