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Omada Health (OMDA) Q3 FY2026 earnings: revenue $91 million, up 34.2% on the year

Omada Health, Inc. (OMDA) reported revenue of $91 million for Q3 FY2026, the quarter ended 30 September 2026, up 34.2% on the same quarter a year earlier. Net income was $7 million, and diluted earnings per share $0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue
$91 million
+34.2% on the year · +4.0% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
5.3%
-3.7% a year earlier
Q3 FY2024Q3 FY2026
Net income
$7 million
+23.7% on the quarter
Q3 FY2024Q3 FY2026
Diluted EPS
$0.10
+25.0% on the quarter
Q3 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised.

  • Revenue rose 34% to $91 million: Revenue was $91.3 million for the quarter, against $68.0 million a year earlier. Management said diabetes and hypertension programs led that growth.
  • Net income turned positive: Net income was $6.6 million, against a net loss of $3.2 million a year earlier.
  • Total Members reached 1.1 million: Total Members reached 1.1 million, up 36% from a year earlier, after 45% growth reported for the second quarter. Management cited diabetes and hypertension programs and enrollment momentum.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue91.387.868.0+4.0%+34.2%
Cost of revenue22.024.023.0-8.4%-4.1%
Gross profit69.363.845.1+8.6%+53.7%
Gross margin75.9%72.6%66.3%
Research and development15.314.610.3+4.4%+48.2%
Operating income4.83.5-2.5+35.8%
Operating margin5.3%4.0%-3.7%
Interest expense0.30.00.4+1,771.4%-25.8%
Pre-tax income6.65.3-3.2+23.7%
Income tax0.00.00.0
Effective tax rate0.0%0.0%n/a
Net income6.65.3-3.2+23.7%
Net margin7.2%6.0%-4.7%
Diluted EPS$0.10$0.08-$0.06+25.0%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow15.14.010.1+277.8%+49.4%
Capital expenditure0.10.10.5-19.2%-78.0%
Free cash flow15.03.99.6+289.1%+56.5%
Free cash flow margin16.5%4.4%14.1%
Cash from investing-1.6-1.7-2.0
Cash from financing7.97.6-32.7+4.3%
Depreciation and amortisation1.71.61.4+6.3%+23.7%
Share-based compensation5.95.63.5+3.9%+65.5%
Diluted shares, weighted67m64m58m+5.0%+16.4%
Shares outstanding at period end62m61m58m+2.3%+7.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity273253217+8.1%+25.7%
Redeemable equity0.00.00.0
Debt0.00.00.0
Other liabilities75.475.570.1-0.1%+7.5%
Total liabilities and equity349328287+6.2%+21.2%
Fixed assets9.79.17.5+7.0%+29.2%
Goodwill13.213.213.20.0%0.0%
Intangible assets1.11.52.9-28.6%-61.5%
Cash and equivalents243222199+9.7%+22.4%
Receivables48.256.641.4-14.8%+16.3%
Inventory4.94.13.1+18.5%+55.0%
Other assets28.221.920.6+28.7%+37.0%
Total assets349328287+6.2%+21.2%

Questions

What was Omada Health's revenue in Q3 FY2026?

Omada Health (OMDA) reported revenue of $91 million for Q3 FY2026, the quarter ended 30 September 2026, up 34.2% on the same quarter a year earlier.

How much did Omada Health earn in Q3 FY2026?

Net income for Q3 FY2026 was $7 million, and diluted earnings per share $0.10.

When did Omada Health report Q3 FY2026 results?

Omada Health filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 9 quarters

Q2 FY2024Q3 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue41.245.555.061.468.075.878.087.891.3
Cost of revenue16.417.023.121.123.022.229.424.022.0
Gross profit24.828.631.940.345.153.748.763.869.3
Gross margin60%63%58%66%66%71%62%73%76%
R&D9.08.88.810.010.311.612.714.615.3
Operating income-10.0-8.5-8.4-4.3-2.53.3-4.83.54.8
Operating margin-24%-19%-15%-7%-4%4%-6%4%5%
Interest expense1.11.11.11.10.40.00.00.00.3
Pre-tax income-10.7-9.2-9.4-5.3-3.25.2-3.05.36.6
Tax raten/an/an/an/an/a0%n/a0%0%
Net income-10.7-9.2-9.4-5.3-3.25.2-3.05.36.6
Net margin-26%-20%-17%-9%-5%7%-4%6%7%
Diluted EPS-$1.40-$1.18-$1.15-$0.24-$0.06$0.08-$0.05$0.08$0.10
Operating cash flown/a1.1-16.12.910.121.4-11.84.015.1
Capital expendituren/a0.10.30.30.50.20.10.10.1
Free cash flown/a1.0-16.42.69.621.2-11.93.915.0
Shares outstanding58m58m59m57m58m58m59m61m62m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.