Omada Health, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per-share data, unaudited)
| Three Months Ended June 30, · Six Months Ended June 30, | ||||||
|---|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | ||||||
| Revenue | ||||||
| Services (1) | $56,960 | $38,351 | $106,456 | $70,255 | ||
| Hardware (2) | 4,411 | 2,861 | 9,878 | 6,052 | ||
| Total revenue | 61,371 | 41,212 | 116,334 | 76,307 | ||
| Cost of revenue | - | |||||
| Services (3) | 12,673 | 10,759 | 25,417 | 21,055 | ||
| Hardware | 8,392 | 5,619 | 18,711 | 13,070 | ||
| Total cost of revenue | 21,065 | 16,378 | 44,128 | 34,125 | ||
| Gross profit | 40,306 | 24,834 | 72,206 | 42,182 | ||
| Operating expenses | ||||||
| Research and development (4) | 10,024 | 8,987 | 18,830 | 17,883 | ||
| Sales and marketing (5) | 22,318 | 15,191 | 42,488 | 32,387 | ||
| General and administrative (6) | 12,308 | 10,693 | 23,628 | 19,942 | ||
| Total operating expenses | 44,650 | 34,871 | 84,946 | 70,212 | ||
| Operating loss | (4,344) | (10,037) | (12,740) | (28,030) | ||
| Other expense, net | - | |||||
| Interest expense | 1,094 | 1,132 | 2,168 | 2,262 | ||
| Interest income | (863) | (85) | (1,405) | (614) | ||
| Change in fair value of warrant liabilities | 736 | (392) | 1,256 | (17) | ||
| Total other expense, net | 967 | 655 | 2,019 | 1,631 | ||
| Loss before provision for income taxes | (5,311) | (10,692) | (14,759) | (29,661) | ||
| Provision for income taxes | - | - | - | - | ||
| Net loss and comprehensive loss | $(5,311) | $(10,692) | $(14,759) | $(29,661) | ||
| Net loss per share - basic and diluted | $(0.24) | $(1.40) | $(0.98) | $(3.92) | ||
| Weighted-average shares outstanding - basic and diluted | 21,971 | 7,649 | 15,107 | 7,571 | ||
(1)Includes amounts from a related party of $36.5 million and $21.2 million for the three months ended June 30, 2025 and 2024, respectively and $66.4 million and $38.6 million for the six months ended June 30, 2025 and 2024, respectively.
(2)Includes amounts from a related party of $2.6 million and $1.5 million for the three months ended June 30, 2025 and 2024, respectively and $6.0 million and $3.0 million for the six months ended June 30, 2025 and 2024, respectively.
(3)Includes amounts from a related party of $1.2 million and $0.8 million for the three months ended June 30, 2025 and 2024, respectively and $2.4 million and $1.7 million for the six months ended June 30, 2025 and 2024, respectively.
(4)Includes amounts from a related party of $0.5 million and $0.4 million for the three months ended June 30, 2025 and 2024, respectively and $1.0 million and $0.8 million for the six months ended June 30, 2025 and 2024, respectively.
(5)Includes amounts from a related party of $6.6 million and $3.6 million for the three months ended June 30, 2025 and 2024, respectively and $12.2 million and $7.2 million for the six months ended June 30, 2025 and 2024, respectively.
(6)Includes amounts from a related party of $0.4 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively and $0.7 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively.
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