Omada Health

OMDA

Medical - Healthcare Information Services · Healthcare

Price

$23.89

+0.18 (+0.76%)

Market Cap

$1.42B

Exchange

NASDAQ

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Strong

Cash Flow

Strong

Stability

Data not available

Valuation

Good

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Share count rising — dilution

+4.8% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 55.7M (2022) → 58.4M (2025)

Winston Score History

The full picture

Omada Health is a U.S.-based virtual-care provider offering clinically validated programs for chronic conditions like cardiometabolic disease, musculoskeletal care, and behavioral health—delivered digitally between doctor visits.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+43.1% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+197.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$41M/ year

↑ Rising (+13% vs prior year)

15.6% of revenue

In line with sector average (18%)

Investing heavily in future products and technology

Insider Activity

92.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~5 years

$222M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$222M cash & investments at current burn rate

Strong grower

Omada Health is growing revenue at 43% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

72.6%

Premium pricing power — 72.6% gross margin

Profit after running costs

Operating Margin

4.0%

Thin — 4.0% operating margin

Return on the money invested

ROCE

-0.2%

Weak — -0.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+47.6%

Fast-growing sales (+47.6% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

275%

Turns 275% of profit into real cash

Spare cash per sale

FCF Margin

2.1%

Thin free cash flow (2.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

351.8x

Expensive — P/E 351.8

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+324.8

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (351.8 → 27.0)

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Dividends

Not applicable for this business.

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