Quarterly ResultMay 8, 2026, 04:18 PM
Omada Health Q1 Revenue Jumps 42% to $78M; Net Loss Narrows
AI Summary
Omada Health reported a strong first quarter for 2026, with total revenue increasing by 42% to $78.0 million. The company significantly narrowed its net loss to $3.0 million, or $0.05 per share, compared to a $9.4 million loss in the prior year. This performance reflects robust growth across both service and hardware segments, alongside improved operating efficiency and reduced cash usage in operations.
Key Highlights
- Total revenue increased 42% to $78.0 million for Q1 2026, up from $55.0 million in Q1 2025.
- Net loss significantly narrowed to $3.0 million ($0.05 per share) in Q1 2026, from $9.4 million ($1.15 per share) in Q1 2025.
- Services revenue grew 41% to $69.6 million in Q1 2026, from $49.5 million in Q1 2025.
- Hardware revenue increased 55% to $8.5 million in Q1 2026, from $5.5 million in Q1 2025.
- Operating loss improved to $4.8 million in Q1 2026, compared to $8.4 million in Q1 2025.
- Net cash used in operating activities decreased to $11.8 million in Q1 2026, from $16.1 million in Q1 2025.
- Cash and cash equivalents stood at $211.8 million as of March 31, 2026.
- Partner A and Partner B (Cigna affiliates) each accounted for 33% of Q1 2026 revenue.
Price Impact
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