Omada Health reported a significant second quarter 2026 beat, posting its first period of GAAP profitability. Revenue grew 43% year-over-year to $87.8 million, driven by 45% growth in total membership and record-high gross margins. The company also announced that co-founder Sean Duffy will transition to Executive Chair, with President Wei-Li Shao assuming the CEO role on January 1, 2027.
Key Highlights
- Revenue reached $87.8 million, surpassing the analyst consensus of $80.0 million and representing 43% year-over-year growth.
- Diluted GAAP EPS of $0.08 significantly outperformed the expected loss of $0.01 per share.
- Total membership increased 45% year-over-year, supported by a broadened partnership with Health Care Services Corporation (HCSC) covering 1.5 million additional lives.
- GAAP gross margin expanded to a record 73%, up 700 basis points from 66% in the second quarter of 2025.
- Management raised full-year 2026 revenue guidance to $334M–$340M, up from the previous range of $322M–$330M.