Omada Health, Inc.
OMDA · Services-Health Services · 59.4M shares · EDGAR filings ↗
Reference price $18.13 · est. market cap ~$1.1B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Omada Health — virtual chronic-care provider near breakeven, FCF-positive.
Strengths
- Gross margin 66% (78th pct); positive free cash flow (80th); strong cash (85th), no debt
- Scaling cardiometabolic + GLP-1-support programs
Risks
- Net loss; employer/PBM-channel and competition risk
- Reimbursement and enrollment sensitivity
Notable findings
- Net lossNet loss (net margin -4.9%)
- Material weakness• We have identified a material weakness in our interna of Financial Condition and Results of Operations” in this Annual Report on Form 10-K, as well as other documents that may be filed by us from ti
- Strong balance sheetStrong balance sheet — $222M cash & investments
- Insider sellingInsider selling — 14 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$5M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
65.7%
Operating margin
-4.6%
Net margin
-4.9%
Return on equity
-5.6%
Return on assets
-4.2%
ROIC
-4.1%
Revenue growth (QoQ)
2.9%
Debt / equity
0.0×
Current ratio
3.6×
Free cash flow
$17M
EBITDA
-$6M
Tangible book value
$214M
Cash & investments
$222M
Stock comp / revenue
5.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Cook Steven L. | Sell | 18K | $18.13 |
| 2026-06-22 | Gracey Craig | Sell | 2.1K | $18.00 |
| 2026-06-16 | HILLEMAN JERYL L | Grant | 11K | — |
| 2026-06-16 | Stavisky Adam | Grant | 11K | — |
| 2026-06-16 | ROOT JONATHAN D | Grant | 11K | — |
| 2026-06-16 | Klapstein Julie D | Grant | 11K | — |
| 2026-06-16 | Beal Anne | Grant | 11K | — |
| 2026-06-16 | Jain Sachin H. | Grant | 11K | — |
| 2026-06-16 | FETTER TREVOR | Grant | 11K | — |
| 2026-06-16 | Duffy Sean P. | Sell | 15K | $17.36 |
| 2026-06-15 | Cook Steven L. | Sell | 6.8K | $17.23 |
| 2026-06-12 | Gracey Craig | Sell | 6.9K | $17.42 |
| 2026-06-12 | Shao Wei-Li | Sell | 4.6K | $17.24 |
| 2026-06-12 | Shao Wei-Li | Sell | 4.0K | $17.24 |
| 2026-06-05 | Duffy Sean P. | Tax withheld | 4.4K | $17.93 |
| 2026-06-05 | Shao Wei-Li | Tax withheld | 1.8K | $17.93 |
| 2026-06-05 | Duffy Sean P. | Gift | 9.4K | — |
| 2026-06-05 | Cook Steven L. | Tax withheld | 2.0K | $17.93 |
| 2026-06-01 | Duffy Sean P. | Tax withheld | 9.9K | $18.38 |
| 2026-06-01 | Cook Steven L. | Tax withheld | 4.5K | $18.38 |
| 2026-06-01 | Gracey Craig | Tax withheld | 385 | $18.38 |
| 2026-06-01 | Shao Wei-Li | Tax withheld | 6.2K | $18.38 |
| 2026-04-08 | Shao Wei-Li | Sell | 2.8K | $12.71 |
| 2026-04-05 | HILLEMAN JERYL L | Grant | 1.5K | — |
| 2026-04-05 | ROOT JONATHAN D | Grant | 882 | — |
| 2026-04-05 | Klapstein Julie D | Grant | 698 | — |
| 2026-04-05 | FETTER TREVOR | Grant | 955 | — |
| 2026-03-13 | Cook Steven L. | Sell | 1.9K | $13.94 |
| 2026-03-09 | Duffy Sean P. | Sell | 3.9K | $14.32 |
| 2026-03-09 | Duffy Sean P. | Sell | 200 | $14.88 |
| 2026-03-05 | Cook Steven L. | Grant | 147K | — |
| 2026-03-05 | Duffy Sean P. | Grant | 324K | — |
| 2026-03-05 | Gracey Craig | Grant | 16K | — |
| 2026-03-05 | Shao Wei-Li | Tax withheld | 2.1K | $13.60 |
| 2026-03-05 | Cook Steven L. | Tax withheld | 2.2K | $13.60 |
| 2026-03-05 | Duffy Sean P. | Tax withheld | 5.0K | $13.60 |
| 2026-03-05 | Shao Wei-Li | Grant | 265K | — |
| 2026-01-13 | Duffy Sean P. | Sell | 41K | $15.95 |
| 2026-01-13 | Duffy Sean P. | Option exercise | 41K | $2.55 |
| 2026-01-12 | Duffy Sean P. | Option exercise | 230K | $2.55 |
| 2026-01-12 | Duffy Sean P. | Sell | 140K | $15.35 |
| 2026-01-12 | Duffy Sean P. | Sell | 90K | $15.99 |
| 2026-01-05 | ROOT JONATHAN D | Grant | 915 | — |
| 2026-01-05 | FETTER TREVOR | Grant | 991 | — |
| 2026-01-05 | HILLEMAN JERYL L | Grant | 1.6K | — |
| 2025-12-29 | Shao Wei-Li | Sell | 5.6K | $16.13 |
| 2025-12-10 | Cook Steven L. | Sell | 4.2K | $15.37 |
| 2025-12-10 | Duffy Sean P. | Sell | 9.3K | $15.37 |
| 2025-12-05 | Cook Steven L. | Tax withheld | 2.0K | $17.49 |
| 2025-12-05 | Shao Wei-Li | Tax withheld | 1.8K | $17.49 |
| 2025-12-05 | Duffy Sean P. | Tax withheld | 4.4K | $17.49 |
| 2025-12-02 | ROOT JONATHAN D | Other | 146K | — |
| 2025-12-02 | ROOT JONATHAN D | Other | 168K | — |
| 2025-12-02 | ROOT JONATHAN D | Other | 4.6M | — |
| 2025-10-05 | HILLEMAN JERYL L | Grant | 1.1K | — |
| 2025-10-05 | ROOT JONATHAN D | Grant | 657 | — |
| 2025-10-05 | FETTER TREVOR | Grant | 712 | — |
| 2025-10-05 | HILLEMAN JERYL L | Grant | 1.1K | — |
| 2025-09-05 | Cook Steven L. | Tax withheld | 2.0K | $24.28 |
| 2025-09-05 | Duffy Sean P. | Tax withheld | 4.4K | $24.28 |
| 2025-09-05 | Shao Wei-Li | Tax withheld | 2.4K | $24.28 |
| 2025-07-05 | HILLEMAN JERYL L | Grant | 376 | — |
| 2025-07-05 | ROOT JONATHAN D | Grant | 237 | — |
| 2025-07-05 | FETTER TREVOR | Grant | 257 | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 817K | — |
| 2025-06-09 | ROOT JONATHAN D | Conversion | 4.5M | — |
| 2025-06-09 | ROOT JONATHAN D | Conversion | 145K | — |
| 2025-06-09 | FETTER TREVOR | Conversion | 111K | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 469K | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 456K | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 2.4M | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 817K | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 469K | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 456K | — |
| 2025-06-09 | Revelation Alpine, LLC | Conversion | 2.4M | — |
| 2025-06-05 | Cook Steven L. | Grant | 66K | — |
| 2025-06-05 | Duffy Sean P. | Grant | 145K | — |
| 2025-06-05 | FETTER TREVOR | Grant | 9.7K | — |
| 2025-06-05 | ROOT JONATHAN D | Grant | 9.7K | — |
| 2025-06-05 | Beal Anne | Grant | 9.7K | — |
| 2025-06-05 | Stavisky Adam | Grant | 9.7K | — |
| 2025-06-05 | Klapstein Julie D | Grant | 9.7K | — |
| 2025-06-05 | Jain Sachin H. | Grant | 9.7K | — |
| 2025-06-05 | HILLEMAN JERYL L | Grant | 9.7K | — |
| 2025-06-05 | Shao Wei-Li | Grant | 79K | — |
All non-derivative Form 4 activity (SEC), newest first.
Clinical trials
| Trial | Title | Phase | Status | Primary completion |
|---|---|---|---|---|
| NCT05368454 ↗ | Evaluation of a Digital Diabetes Self-Management Education and Support Program Type 2 Diabetes | NA | Completed | 2024-01-24 |
| NCT04892680 ↗ | Impact of a Digital Self-Management Program on A1C for Individuals With Type 2 Diabetes Type 2 Diabetes | NA | Terminated | 2021-08-02 |
| NCT03312764 ↗ | Preventing Diabetes With Digital Health and Coaching PreDiabetes | NA | Completed | 2020-04-30 |
| NCT02664064 ↗ | Evaluation of Prevent in Underserved Populations Prediabetes, Overweight | NA | Completed | 2018-04-01 |
Source: ClinicalTrials.gov (U.S. NIH) · active studies first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0001628280-26-043537 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001628280-26-032875 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-032063 ↗ |
| 10-K | 2026-03-06 | 2025-12-31 | 0001628280-26-015637 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0001628280-26-015153 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001628280-26-001781 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001628280-25-050622 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001628280-25-050158 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001611115-25-000017 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001611115-25-000013 ↗ |
| 8-K | 2025-06-09 | 2025-06-09 | 0001193125-25-137809 ↗ |