Is the business good?
How good a business is OMDA?
Omada Health, Inc. earns −30% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−30%
Return on invested capital · cost of capital 9.0% · 39 points below what the capital costs: growth destroys value
- Operating margin
- −2.9%
Operating margin · Health Information Services median 2.3% · 12 months to Q1 2026
- Share count, year on year
- +615%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 16%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2023 | −54% |
| FY2024 | −26% |
| FY2025 | −4.6% |
Details›
- Gross margin12 months to Q1 2026
- 66%
- Operating margin12 months to Q1 2026
- −2.9%
- Net margin12 months to Q1 2026
- −2.2%
- Free cash flow margin
- 7.6%
- R&D as % of revenue
- 16%
- Revenue, trailing twelve months
- $283M
- Free cash flow, trailing twelve months
- $21M
- Net income, trailing twelve months
- −$6.3M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −30%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Health Information Services
Ranks #4 of 14 by Smart Score