Revenue growth accelerated sharply to 25.4% in 2027Q2, driving a dramatic margin expansion from -4.4% operating margin in 2025Q1 to 4.8% in the latest quarter.
Ooma, Inc. (OOMA) annual income statement — 14-year revenue, gross profit & net income history
| 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 |
|---|
| Revenue | 306.59M | 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 % | 17.19% | 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 Revenue | 118.13M | 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 |
| Gross Profit | 188.46M | 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 % | 61.47% | 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 | 177.56M | 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 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 29.23M | 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 % | 9.53% | 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 % | 160.84% | 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% | - |
| Depreciation & Amortization | 18.33M | 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 |
| D&A / Revenue % | 5.98% | 5.24% | 5.11% | 4.64% | 4.18% | 3.83% | 4.37% | 3.79% | 2.33% | 1.98% | 2.1% | 2.03% | 1.66% | 1.75% | 2.15% |
| Operating Income (EBIT) | 10.89M | 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 % | 3.55% | 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% | - |
| Interest Expense | 1.6M | 0 | 0 | 1.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 923K | 323K | 269K | 550K |
| Interest Coverage | - | - | - | -2.37x | - | - | - | - | - | - | - | -14.22x | -17.77x | -6.43x | -5.92x |
| Interest / Revenue % | 0.52% | 0% | 0% | 0.5% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.04% | 0.45% | 0.5% | 1.4% |
| Non-Operating Income | -1.87M | 117K | 799K | 482K | 332K | 179K | 419K | 780K | 830K | 603K | 327K | -1000K | -1000K | -545K | -405K |
| Pretax Income | 9.03M | 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 % | 2.94% | 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 | -1.9M | -2.09M | 760K | -1.98M | -1.77M | 0 | 85K | -130K | -384K | 0 | 0 | 0 | -502K | 0 | 0 |
| Effective Tax Rate % | -21.09% | -47.7% | -12.38% | 70.32% | 32.63% | 0% | -3.61% | 0.69% | 2.57% | 0% | 0% | 0% | 7.26% | 0% | 0% |
| Net Income | 10.93M | 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 % | 3.57% | 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 % | 823.43% | 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% | - |
| EPS (Diluted) | 0.38 | 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 % | 110.65% | 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 | 28.56M | 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 |
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.
Key Metrics
Top Statement Risk
Thin margins limit downside protection
Metrics are mathematically derived from official filings.
Revenue Acceleration Driven by Scale
Ooma's revenue growth accelerated to 25.4% in 2027Q2, reaching $83.2M, a significant step-up from the 3-5% growth seen in early 2026, suggesting successful execution of its growth strategy and potential market share gains.
The revenue trajectory shows a clear inflection point starting in 2026Q4, with growth accelerating from mid-single digits to over 20% by 2027Q2. This acceleration appears to be translating into operating leverage, as operating income swung from a loss in 2025Q1 to $4.0M in 2027Q2. The durability of this growth rate will depend on whether it is driven by sustainable subscriber additions or one-time factors, but the trend suggests improving top-line momentum.
Margin Expansion from Negative to Positive
Operating margin improved dramatically from -4.4% in 2025Q1 to 4.8% in 2027Q2, indicating that revenue growth is now outpacing cost increases and the company is achieving operating leverage.
The shift from negative to positive operating margins represents a fundamental change in the company's earnings profile. The improvement from a -0.1% operating margin in 2026Q1 to 4.8% in 2027Q2 suggests that fixed costs are being spread over a larger revenue base. However, the 4.8% operating margin remains thin, indicating limited buffer against cost increases or revenue disruptions. Investors should monitor whether this margin level is sustainable or represents a cyclical peak.
EPS Turnaround from Losses to Profitability
Diluted EPS improved from -$0.08 in 2025Q1 to $0.11 in 2027Q2, representing a 146.6% year-over-year increase, which appears to reflect genuine operational improvement rather than non-recurring items.
The earnings trajectory shows consistent improvement over the past ten quarters, with the company moving from losses to sustained profitability. The EPS growth rate of 146.6% in 2027Q2 is particularly notable given the relatively modest revenue growth of 25.4%, suggesting operating leverage is amplifying the bottom-line impact. The quality of these earnings appears solid, as they are driven by core operational improvements rather than one-time gains, though the small absolute EPS figures mean that minor variations could significantly impact growth rates.
Capital Efficiency Improving with Scale
Depreciation & amortization increased from $3.3M in 2025Q1 to $5.2M in 2027Q2, suggesting continued investment in the business, while the improving profitability indicates these investments are generating returns.
The steady increase in D&A suggests ongoing capital investment, which is typical for a growing telecommunications company. The key question is whether this investment is translating into revenue growth and profitability improvements, which the data suggests it is. The relationship between capital investment and earnings growth appears healthy, with the company achieving positive operating income while continuing to invest in its infrastructure. However, without specific CAPEX figures, it's difficult to assess the precise return on invested capital.
Profitability Inflection in Late 2026
The company achieved a critical inflection point in 2026Q4 when it posted its first profitable quarter with $4.0M in net income, breaking a streak of losses that extended through 2025Q3.
The shift from consistent losses to profitability represents the most significant inflection in Ooma's recent financial history. This turnaround appears to be driven by a combination of accelerating revenue growth and improving operating leverage. The sustainability of this inflection will depend on whether the company can maintain its growth trajectory while controlling costs. The pattern suggests that Ooma may have reached a scale threshold where its business model becomes profitable, which could be a durable structural change.
Sustainability of Rapid Growth Questioned
The 25.4% revenue growth in 2027Q2 represents a significant acceleration from historical trends, raising questions about whether this growth rate is sustainable or reflects temporary factors that may not persist.
While the recent financial performance is impressive, investors should consider whether the acceleration in growth is sustainable. The company's historical growth rates were in the 3-10% range, so the jump to 25% represents a significant deviation from trend. This could indicate successful strategic initiatives, but it could also reflect one-time factors or market conditions that may not persist. Additionally, the thin operating margins (4.8%) provide limited protection against competitive pressures or cost increases, making the company vulnerable to any deceleration in growth.