Operating cash flow reached $13.1M in 2027Q2, significantly exceeding net income and demonstrating strong cash conversion, though a $65.7M CapEx spike in 2026Q4 temporarily strained free cash flow.
Ooma, Inc. (OOMA) cash flow statement — 14-year operating, investing & financing cash flows
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 |
|---|
| Cash from Operations | 37.12M | 27.69M | 26.61M | 12.27M | 8.77M | 6.66M | 4.37M | -7.56M | -3.93M | 3.17M | 385K | -470K | -4.07M | 2.22M | -323K |
| Operating CF Growth % | 200.74% | 4.07% | 116.78% | 39.9% | 31.83% | 52.39% | 157.73% | -92.66% | -223.73% | 724.16% | 181.91% | 88.44% | -283.03% | 787.93% | - |
| Operating CF / Revenue % | 12.11% | 10.12% | 10.36% | 5.18% | 4.06% | 3.46% | 2.58% | -4.99% | -3.04% | 2.77% | 0.37% | -0.53% | -5.63% | 4.14% | -0.82% |
| Net Income | 10.93M | 6.46M | -6.9M | -835K | -3.65M | -1.75M | -2.44M | -18.8M | -14.57M | -13.12M | -12.95M | -14.05M | -6.41M | -2M | -3.66M |
| Depreciation & Amortization | 14.85M | 11M | 13.13M | 10.99M | 9.04M | 4.42M | 4.18M | 3.58M | 3.01M | 2.27M | 2.2M | 1.8M | 1.2M | 938K | 844K |
| Deferred Taxes | -2.55M | -2.55M | 0 | -3.13M | -2.13M | 0 | 0 | -144K | -382K | 0 | 0 | 774K | -502K | 297K | -153K |
| Other Non-Cash Items | 1.12M | 3.48M | -737K | -9.59M | 1.44M | 2.99M | 3.24M | 3.45M | -674K | 135K | 10K | -217K | 1.51M | 65K | 113K |
| Working Capital Changes | -4.24M | -5.62M | 3.19M | 0 | -9.82M | -11.69M | -12.89M | -8.41M | -1.68M | 2.97M | 1.35M | 6.57M | -291K | 2.85M | 2.36M |
| Capital Expenditures | -70.91M | -69.68M | -6.45M | -35.33M | -5.21M | -4.2M | -3.16M | -3.27M | 14.85M | -2.48M | -22.97M | -30.96M | -1.86M | -898K | -696K |
| CapEx / Revenue % | 23.13% | 25.47% | 2.51% | 14.92% | 2.41% | 2.19% | 1.87% | 2.16% | 11.49% | 2.16% | 21.97% | 34.88% | 2.57% | 1.67% | 1.77% |
| CapEx / D&A | 4.78x | 6.33x | 0.49x | 3.21x | 0.58x | 0.95x | 0.76x | 0.92x | 4.94x | 1.09x | 10.45x | 17.17x | 1.55x | 0.96x | 0.82x |
| CapEx Coverage (OCF/CapEx) | 0.52x | 0.40x | 4.13x | 0.35x | 1.68x | 1.58x | 1.38x | -2.31x | -0.26x | 1.28x | 0.02x | -0.02x | -2.19x | 2.47x | -0.46x |
| Cash from Investing | -70.47M | -69.68M | -6.45M | -35.33M | -6.15M | -4.89M | 229K | 2.87M | 14.85M | -2.15M | -22.97M | -30.96M | -1.86M | -898K | -696K |
| Acquisitions | -63.65M | -64.09M | 0 | -31.92M | -9.77M | 683K | 3.16M | -7.07M | -2.4M | -1.36M | 22.97M | 0 | -672K | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | -2.75M | -3.87M | -17.49M | -20.08M | -31.23M | -38.48M | -49.33M | -59.01M | -28.08M | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 2.75M | 12.71M | 16.8M | 23.47M | 44.45M | 58.96M | 51.02M | 37.6M | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 2.75M | 8.84M | -683K | -3.16M | 13.21M | -1.3M | 1.69M | -22.97M | -28.08M | 0 | -135K | 0 |
| Cash from Financing | 31.33M | 44.27M | -19.82M | 16.45M | 1.84M | 601K | 1.02M | 1.01M | -40K | -525K | -839K | 49.71M | 8.69M | -1.26M | 959K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | -628K | -1000K | 1000K | -1000K | 865K |
| Stock Issued | 2.45M | 3.02M | 5.06M | 2.66M | 3.4M | 2.71M | 2.9M | 2.95M | 2.89M | 1.92M | 1.48M | 62.24M | 0 | 0 | 94K |
| Share Repurchases | -21.71M | -16.76M | -8.88M | -1.74M | -1.55M | -2.1M | -1.64M | -1.52M | -2.93M | -2.44M | -1.59M | 0 | -142K | 0 | 0 |
| Other Financing | 4.09M | 0 | 0 | 0 | 0 | 0 | -242K | -420K | 0 | 0 | -100K | -326K | 423K | 101K | 0 |
| Net Change in Cash | -2.03M | 2.27M | 335K | -6.6M | 4.47M | 2.37M | 5.62M | -3.69M | 10.89M | 493K | -23.42M | 18.28M | 2.77M | 60K | -60K |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 17.16M | 17.87M | 17.54M | 24.14M | 19.67M | 17.3M | 11.68M | 15.37M | 4.48M | 3.99M | 27.41M | 9.13M | 6.36M | 6.3M | 6.36M |
| Cash at End | 17.53M | 20.14M | 17.87M | 17.54M | 24.14M | 19.67M | 17.3M | 11.68M | 15.37M | 4.48M | 3.99M | 27.41M | 9.13M | 6.36M | 6.3M |
| Free Cash Flow | -33.79M | -41.99M | 20.16M | -23.05M | 3.56M | 2.45M | 1.21M | -10.84M | 10.93M | 695K | -22.58M | -31.43M | -5.92M | 1.32M | -1.02M |
| FCF Growth % | -267.2% | -308.3% | 187.44% | -747.25% | 45.33% | 103.07% | 111.14% | -199.18% | 1472.23% | 103.08% | 28.15% | -430.5% | -547.51% | 229.93% | - |
| FCF Margin % | -11.02% | -15.35% | 7.85% | -9.74% | 1.65% | 1.27% | 0.71% | -7.15% | 8.46% | 0.61% | -21.61% | -35.41% | -8.21% | 2.47% | -2.6% |
| FCF / Net Income % | -309.1% | -650.13% | -292.12% | 2761.08% | -97.46% | -155.92% | -49.45% | 57.64% | -74.99% | -5.3% | 174.41% | 223.68% | 92.43% | -66.2% | 27.82% |
Quick answers to the most common questions about buying OOMA stock.
Ooma, Inc. (OOMA) generated $27.7M in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
Ooma, Inc. (OOMA) reported negative free cash flow of $42.0M in 2026, indicating capital requirements exceeded cash from operations.
Ooma, Inc. (OOMA) spent $69.7M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2026, Ooma, Inc. (OOMA) spent $16.8M on share repurchases. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
Sustained profitability remains unproven
Metrics are mathematically derived from official filings.
Operating Cash Flow Quality Improves
Operating cash flow has strengthened significantly, reaching $13.1M in 2027Q2, which represents a 102% increase from the $6.4M generated in 2026Q2, suggesting the company's core operations are now generating substantially more cash to fund growth and obligations.
The trajectory of operating cash flow from $3.6M in 2025Q1 to $13.1M in 2027Q2 indicates a fundamental improvement in cash generation capability, aligning with the reported shift to profitability. This trend suggests the business model is scaling effectively, with cash conversion becoming more robust as revenue growth accelerates.
CapEx Spike Signals Strategic Investment
The $65.7M capital expenditure in 2026Q4 was an extreme outlier, representing over 600% of that quarter's operating cash flow and suggesting a major strategic acquisition or infrastructure investment that temporarily distorted the company's cash flow profile.
Excluding the anomalous 2026Q4 quarter, CapEx has been consistently modest, ranging from $1.2M to $2.3M per quarter and consuming 17-40% of operating cash flow. This indicates the business is generally not capital-intensive, but the Q4 spike warrants investigation as it appears to be a one-time event rather than a recurring operational need.
Equity Issuances Fund Growth Deficits
The company has relied on consistent net stock issuances, totaling approximately $31.2M over the last ten quarters, to fund its growth initiatives and offset the significant free cash flow deficit created by the 2026Q4 capital expenditure.
The pattern of quarterly equity issuances, even during periods of positive free cash flow, suggests management is proactively strengthening the balance sheet to support expansion. The $8.6M issuance in 2026Q4 was particularly large, likely providing the necessary capital to execute the major investment that quarter without excessive debt accumulation.
No Dividend Obligations Present
Ooma has paid zero dividends throughout the entire ten-quarter period, indicating that all operating cash flow is being reinvested into the business to fund growth and strengthen the financial position.
The absence of dividend payments is consistent with a growth-oriented company prioritizing reinvestment over shareholder returns. This approach provides maximum financial flexibility, allowing the company to direct all available cash toward revenue growth initiatives and balance sheet management without the constraint of fixed dividend obligations.
Cash Flow Exceeds Net Income Significantly
Operating cash flow consistently exceeds net income by a wide margin, with the $13.1M OCF in 2027Q2 being over four times the $3.0M net income, suggesting substantial non-cash charges or favorable working capital movements are boosting cash generation.
This persistent gap between cash flow and accounting profits indicates strong cash conversion quality, where the company's actual cash generation is more robust than the bottom-line profitability suggests. The trend implies that as the company scales, its ability to convert revenue into cash is improving faster than its accounting profitability.
Sustainability of Growth Trajectory
The dramatic acceleration in revenue growth to 25.4% in 2027Q2, combined with the shift from losses to profitability, raises questions about whether this performance can be sustained or if it reflects temporary factors that may normalize in future quarters.
While the cash flow improvement is encouraging, the rapid transformation from consistent losses to strong profitability within six quarters suggests potential one-time benefits or favorable market conditions that may not persist. Investors should monitor whether the company can maintain this growth trajectory and profitability as it scales, particularly given the competitive telecommunications landscape.