Revenue growth accelerated to 24.8% in 2027Q1, while gross margins remained resilient above 60% for ten consecutive quarters.
| 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 |
|---|
| Sales/Revenue | 289.72M | 273.6M | 256.85M | 236.74M | 216.16M | 192.29M | 168.95M | 151.59M | 129.23M | 114.49M | 104.52M | 88.78M | 72.2M | 53.66M | 39.23M |
| Revenue Growth % | 11.7% | 6.52% | 8.5% | 9.52% | 12.42% | 13.82% | 11.45% | 17.3% | 12.88% | 9.53% | 17.74% | 22.96% | 34.54% | 36.79% | - |
| Cost of Goods Sold | 112.02M | 106.36M | 100.83M | 89.5M | 78.52M | 73.85M | 64.14M | 62.21M | 52.74M | 46.4M | 45.2M | 41.87M | 36.72M | 31.47M | 25.49M |
| COGS % of Revenue | - | 38.87% | 39.26% | 37.81% | 36.32% | 38.41% | 37.97% | 41.04% | 40.81% | 40.53% | 43.24% | 47.16% | 50.86% | 58.64% | 64.97% |
| Gross Profit | 177.7M | 167.24M | 156.02M | 147.23M | 137.65M | 118.44M | 104.8M | 89.38M | 76.49M | 68.09M | 59.33M | 46.91M | 35.48M | 22.2M | 13.74M |
| Gross Margin % | 61.33% | 61.13% | 60.74% | 62.19% | 63.68% | 61.59% | 62.03% | 58.96% | 59.19% | 59.47% | 56.76% | 52.84% | 49.14% | 41.36% | 35.03% |
| Gross Profit Growth % | - | 7.19% | 5.97% | 6.96% | 16.22% | 13.01% | 17.26% | 16.85% | 12.33% | 14.77% | 26.47% | 32.23% | 59.82% | 61.51% | - |
| Operating Expenses | 169.88M | 162.98M | 162.96M | 151.23M | 143.41M | 120.37M | 107.58M | 109.09M | 92.28M | 81.82M | 72.61M | 59.6M | 41.22M | 23.65M | 17M |
| OpEx % of Revenue | - | 59.57% | 63.44% | 63.88% | 66.34% | 62.6% | 63.68% | 71.96% | 71.4% | 71.46% | 69.46% | 67.13% | 57.09% | 44.08% | 43.34% |
| Selling, General & Admin | 117.03M | 112.72M | 108.67M | 100.93M | 97.47M | 82.17M | 71.5M | 71.32M | 58.37M | 52.49M | 48.37M | 41.09M | 28.93M | 15.77M | 9.98M |
| SG&A % of Revenue | - | 41.2% | 42.31% | 42.64% | 45.09% | 42.73% | 42.32% | 47.05% | 45.17% | 45.85% | 46.27% | 46.29% | 40.06% | 29.38% | 25.44% |
| Research & Development | 52.85M | 50.26M | 54.29M | 49.94M | 45.94M | 38.19M | 36.08M | 37.77M | 33.9M | 29.33M | 24.24M | 18.5M | 12.29M | 7.89M | 7.02M |
| R&D % of Revenue | - | 18.37% | 21.14% | 21.09% | 21.25% | 19.86% | 21.36% | 24.92% | 26.23% | 25.62% | 23.19% | 20.84% | 17.02% | 14.7% | 17.9% |
| Other Operating Expenses | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 7.82M | 4.26M | -6.94M | -3.29M | -5.76M | -1.93M | -2.77M | -19.71M | -15.79M | -13.72M | -13.28M | -12.69M | -5.74M | -1.46M | -3.26M |
| Operating Margin % | 2.7% | 1.56% | -2.7% | -1.39% | -2.66% | -1% | -1.64% | -13% | -12.22% | -11.99% | -12.7% | -14.29% | -7.95% | -2.71% | -8.3% |
| Operating Income Growth % | - | 161.33% | -110.62% | 42.77% | -198.29% | 30.45% | 85.92% | -24.86% | -15.02% | -3.37% | -4.64% | -121.07% | -294.43% | 55.34% | - |
| EBITDA | 24.21M | 18.58M | 6.2M | 7.7M | 3.28M | 5.43M | 4.6M | -13.97M | -12.78M | -11.45M | -11.08M | -10.88M | -4.54M | -517K | -2.41M |
| EBITDA Margin % | 8.36% | 6.79% | 2.41% | 3.25% | 1.52% | 2.82% | 2.73% | -9.21% | -9.89% | -10% | -10.6% | -12.26% | -6.28% | -0.96% | -6.15% |
| EBITDA Growth % | 178.94% | 199.94% | -19.54% | 134.87% | -39.63% | 17.94% | 132.97% | -9.31% | -11.56% | -3.38% | -1.79% | -139.89% | -777.56% | 78.58% | - |
| D&A (Non-Cash Add-back) | 16.39M | 14.32M | 13.13M | 10.99M | 9.04M | 7.36M | 7.38M | 5.75M | 3.01M | 2.27M | 2.2M | 1.8M | 1.2M | 938K | 844K |
| EBIT | 8.04M | 4.26M | -6.94M | -2.81M | -5.76M | -1.93M | -2.77M | -19.71M | -15.79M | -13.72M | -13.28M | -13.13M | -5.74M | -1.73M | -3.26M |
| Net Interest Income | -384K | 117K | 799K | 0 | 332K | 179K | 419K | 780K | 830K | 603K | 327K | -923K | -323K | -269K | -550K |
| Interest Income | 386K | 117K | 799K | 1.19M | 332K | 179K | 419K | 780K | 830K | 603K | 327K | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 7M | 4.37M | -6.14M | -2.81M | -5.42M | -1.75M | -2.36M | -18.93M | -14.96M | -13.12M | -12.95M | -14.05M | -6.91M | -2M | -3.66M |
| Pretax Margin % | 2.42% | 1.6% | -2.39% | -1.19% | -2.51% | -0.91% | -1.39% | -12.49% | -11.57% | -11.46% | -12.39% | -15.83% | -9.57% | -3.73% | -9.34% |
| Income Tax | -2.18M | -2.09M | 760K | -1.98M | -1.77M | 0 | 85K | -130K | -384K | 0 | 0 | 0 | -502K | 0 | 0 |
| Effective Tax Rate % | -31.08% | -47.7% | -12.38% | 70.32% | 32.63% | 0% | -3.61% | 0.69% | 2.57% | 0% | 0% | 0% | 7.26% | 0% | 0% |
| Net Income | 9.18M | 6.46M | -6.9M | -835K | -3.65M | -1.57M | -2.44M | -18.8M | -14.57M | -13.12M | -12.95M | -14.05M | -6.41M | -2M | -3.66M |
| Net Margin % | 3.17% | 2.36% | -2.69% | -0.35% | -1.69% | -0.82% | -1.44% | -12.4% | -11.28% | -11.46% | -12.39% | -15.83% | -8.88% | -3.73% | -9.34% |
| Net Income Growth % | 287.27% | 193.6% | -726.47% | 77.15% | -132.51% | 35.6% | 87.02% | -29.02% | -11.06% | -1.33% | 7.85% | -119.22% | -220.5% | 45.4% | - |
| Net Income (Continuing) | 9.18M | 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 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.33 | 0.23 | -0.26 | -0.03 | -0.15 | -0.07 | -0.11 | -0.89 | -0.74 | -0.71 | -0.74 | -0.83 | -0.56 | -0.17 | -0.32 |
| EPS Growth % | 441.4% | 188.46% | -695.11% | 78.2% | -123.88% | 39.09% | 87.64% | -20.27% | -4.23% | 4.05% | 10.84% | -48.21% | -229.41% | 46.88% | - |
| EPS (Basic) | - | 0.23 | -0.26 | -0.03 | -0.15 | -0.07 | -0.11 | -0.89 | -0.74 | -0.71 | -0.74 | -0.83 | -0.56 | -0.17 | -0.32 |
| Diluted Shares Outstanding | 28.1M | 27.85M | 26.69M | 25.57M | 24.51M | 23.47M | 22.36M | 21.05M | 19.8M | 18.57M | 17.49M | 16.97M | 11.54M | 11.54M | 11.54M |
| Basic Shares Outstanding | 27.5M | 27.56M | 26.69M | 25.57M | 24.51M | 23.47M | 22.36M | 21.05M | 19.8M | 18.57M | 17.49M | 16.97M | 11.54M | 11.54M | 11.54M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
SMB market cyclical sensitivity
According to the most recent quarterly filings, Ooma's revenue growth accelerated to 24.8% in 2027Q1, a significant departure from the mid-single-digit growth rates observed throughout 2025 and 2026, suggesting a potential inflection in market penetration or successful adoption of new service offerings like AirDial.
The sudden jump in top-line performance warrants investigation into whether this is driven by sustainable recurring subscription gains or one-time hardware deployments. Investors should monitor if this growth trajectory can be maintained without a corresponding spike in customer acquisition costs, as historical growth had previously stabilized near the 4-5% range.
As reported in financial statements, Ooma has maintained gross margins consistently above 60% over the last ten quarters, peaking at 62.4% in 2027Q1, which indicates a resilient pricing power despite the inherent hardware-software mix that typically pressures margins in the telecommunications services sector.
The ability to sustain these margins suggests that the company's proprietary hardware acts as an effective anchor for higher-margin subscription services. However, the reliance on hardware sales means that any supply chain volatility or shifts in product mix could threaten this structural stability in future periods.
Based on Ooma's reported figures, the company achieved a positive operating margin of 4.3% in 2027Q1, marking a clear transition from the operating losses that characterized the 2025 fiscal year and suggesting that fixed costs are finally being diluted by the recent revenue expansion.
This shift implies that management's long-term investment in infrastructure is beginning to yield efficiency gains. Analysts should watch whether this operating leverage is durable or if it remains sensitive to the high levels of stock-based compensation that continue to impact the bottom line.
Data from recent income statements reveals that stock-based compensation remains a persistent expense, totaling $3.5 million in 2027Q1, which effectively offsets a significant portion of the company's reported operating income and complicates the assessment of true GAAP profitability for the business.
While the company has moved into positive net income territory, the reliance on equity-based incentives suggests that cash-based earnings quality remains lower than the headline figures might imply. Investors should carefully adjust for these non-cash charges when evaluating the company's ability to generate sustainable free cash flow.
Quick answers to the most common questions about buying OOMA stock.
For fiscal year 2026, Ooma, Inc. (OOMA) reported total revenue of $273.6M. This represents a 597.4% increase compared to $39.2M in 2013.
Ooma, Inc. (OOMA) is profitable, generating $6.5M in net income for the fiscal year ending 2026 with a net profit margin of 2.4%.
Ooma, Inc. (OOMA) reported an operating income of $4.3M, resulting in an operating profit margin of 1.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Ooma, Inc. (OOMA) generated $167.2M in gross profit for the year, representing a gross profit margin of 61.1%. This demonstrates the company's core pricing power and production efficiency.