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Omada Health
Omada Health (OMDA) investor relations material
Omada Health Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Mar, 2026
Executive summary
Achieved 53% revenue growth in 2025, reaching $260M, and first-ever GAAP profitability in Q4, with 58% Q4 revenue growth and positive net income of $5M.
Ended 2025 with 886,000 members, up 55% year-over-year, and expanded covered lives by over 5 million to 25 million.
Strong adoption of GLP-1 programs, multi-condition platform, and AI-driven innovations fueled growth, with over 150,000 members supported on GLP-1s.
Launched new offerings including GLP-1 prescribing, GLP-1 Flex Care, and a cholesterol program, plus AI-powered tools like OmadaSpark and Meal Map.
Completed IPO in 2025, resulting in a significant increase in cash position.
Financial highlights
Q4 revenue was $76M, up 58% year-over-year; full-year revenue reached $260M, up 53%.
Q4 GAAP net income was $5M, first positive quarter, compared to a net loss of $8M in Q4 2024; full-year adjusted EBITDA was $6M.
Q4 adjusted gross margin reached 73%, up 320 basis points year-over-year; full-year adjusted gross margin was 68%.
Adjusted EBITDA margin reached 11.2% in Q4 and 2.5% for the year, with free cash flow for the year at $12.4M.
Ended 2025 with $222M in cash and no debt, after repaying credit facility and raising $160.5M net from IPO.
Outlook and guidance
2026 revenue guidance: $312–$322M, midpoint reflects 22% growth over 2025.
2026 adjusted EBITDA guidance: $7–$15M, midpoint $5M above 2025.
Guidance excludes material contributions from new products and assumes no significant improvement in enrollment or engagement rates.
Expect sequential revenue growth through 2026, with Q1 flat to Q4 due to seasonality and a one-time Q4 item.
Planned commercial launch of GLP-1 Flex Care in Q3 2026 and full rollout of cholesterol program in 2027.
Explain the 2026 revenue growth deceleration
Margin impact of the GLP-1 Flex Care model
Concentration risk of related party revenue
GLP-1 Flex Care: How does it change Omada's ARPU?
Omada's AI: What unique data drives its advantage?
2026 guidance: What new offerings are excluded?
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Next Omada Health earnings date
Q1 20268 May, 2026
Omada Health
Next Omada Health earnings date
Q1 20268 May, 2026
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