Omada Health, Inc. income statement
In fiscal 2025, Omada Health, Inc. reported revenue of $260m, up 53.2% on the year before, operating income of −$12.0m (a -4.6% margin) and net income of −$12.8m, or −$0.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 123 | 170 | 260 | 310 |
| Cost of revenue | 53 | 67 | 89 | 99 |
| Gross profit | 70 | 103 | 171 | 211 |
| Research and development | 34 | 36 | 41 | 49 |
| Selling and marketing | 66 | 68 | 90 | 104 |
| General and administrative | 36 | 43 | 52 | 58 |
| Operating income | −66 | −44 | −12 | −0 |
| Interest expense | 5 | 5 | 3 | 0 |
| Income before tax | −68 | −47 | −13 | 4 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | −68 | −47 | −13 | 4 |
| Diluted EPS | −$1.90 | −$1.22 | −$0.35 | — |
| Diluted shares (average) | 35m | 39m | 37m | — |
| EBITDA | −62 | −39 | −6 | 5 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 48 | 55 | 61 | 68 | 76 | 78 | 88 |
| Cost of revenue | 17 | 16 | 23 | 21 | 23 | 22 | 29 | 24 |
| Gross profit | 29 | 32 | 32 | 40 | 45 | 54 | 49 | 64 |
| Research and development | 9 | 9 | 9 | 10 | 10 | 12 | 13 | 15 |
| Selling and marketing | 18 | 18 | 20 | 22 | 23 | 25 | 27 | 30 |
| General and administrative | 11 | 12 | 11 | 12 | 14 | 14 | 14 | 16 |
| Operating income | −9 | −7 | −8 | −4 | −3 | 3 | −5 | 4 |
| Interest expense | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Income before tax | −9 | −8 | −9 | −5 | −3 | 5 | −3 | 5 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −9 | −8 | −9 | −5 | −3 | 5 | −3 | 5 |
| Diluted EPS | −$1.18 | −$1.02 | −$1.15 | −$0.24 | −$0.06 | $0.26 | −$0.05 | $0.08 |
| EBITDA | −7 | −6 | −7 | −3 | −1 | 5 | −3 | 5 |
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