Omada Health (OMDA) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 9:30 AM CDT 49 min read

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DATE

Thursday, May 7, 2026 astatine 4:30 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Sean Duffy

• President — Wei-Li Shao

• Chief Financial Officer — Steven Cook

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Full Conference Call Transcript

Sean Duffy: Thank you, Craig. Good afternoon, everyone, and convey you for joining us. Q1 2026 was a milestone 4th for Omada. Here is our fiscal snapshot compared to a twelvemonth ago; 42% gross maturation with a little nett nonaccomplishment and affirmative adjusted EBITDA, with a higher gross margin, and a guidance raise. Our concern is mostly driven by 4 maturation levers.

Let maine explicate the value of each; expanding reach, the full lives with benefits sum for our programs done transmission and leader relationships; expanding enrollment, however efficaciously we person those covered lives into multi-condition members; deepening engagement done advancements successful our subordinate experience, including our AI-powered nutrient and behaviour level that includes OmadaSpark and Meal Map; and operational efficiency, the AI, objective exemplary and operational investments designed to amended outcomes and margins arsenic we scale. I'll locomotion done the headlines crossed each 4 levers. Wei-Li volition past instrumentality you wrong the platform, into the operational and commercialized item down reach, enrollment and engagement. Steve volition locomotion done the fiscal picture, including our updated outlook.

And I'll travel backmost astatine the extremity to bring it each together. The header of the 4th is reach. In Q1, we saw the caller investments successful our GLP-1 capabilities statesman to show traction. Omada is arrogant to articulation Optum Rx's Weight Engage portfolio to assistance employers grow responsible, clinically supported entree to GLP-1 and different anti-obesity medications done their existing pharmacy payment manager. This collaboration marks Omada's archetypal offering of prescribing capabilities wrong a PBM channel, reflecting our shared committedness to improving coordinated attraction for employers and members. Omada present has relationships with the nation's starring pharmacy payment managers, who service astir commercially insured lives and process 80% of medicine claims.

And today, we announced that Omada is joining Eli Lilly and Company's Employer Connect to connection our GLP-1 Care Track, besides including prescribing capabilities, straight to employers. Across these announcements, Omada tin present conscionable employers wherever they are, whether they are already covering GLP-1s, exploring sum for the archetypal clip oregon looking for a lower-cost alternate done an leader defined publication model. And critically, our GLP-1 capabilities stay the extremity of the spear for income conversations crossed the broader Omada level which is driving maturation crossed the afloat cardiometabolic suite. Turning to enrollment.