Olo Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Olo Inc has an operating margin of -6.7%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -32.9% the prior year.
Olo Inc's revenue surged 24.8% year-over-year to $284.9M, reflecting rapid business expansion. This strong growth earns a score of 99/100.
Olo Inc carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.52, Olo Inc holds $7.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Olo Inc converts 13.6% of revenue into free cash flow ($38.8M). This strong cash generation earns a score of 68/100.
Olo Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Olo Inc generates $-44.25 in operating cash flow ($39.7M OCF vs -$897K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Olo Inc earns $-169.4 in operating income for every $1 of interest expense (-$19.1M vs $113K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Olo Inc (OLO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Olo Inc generated $284.9M in revenue in fiscal year 2024. This represents an increase of 24.8% from the prior year.
Olo Inc's EBITDA was -$4.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 92.7% from the prior year.
Olo Inc generated $38.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 682.6% from the prior year.
Olo Inc reported -$897K in net income in fiscal year 2024. This represents an increase of 98.5% from the prior year.
Olo Inc earned $-0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 97.2% from the prior year.
Olo Inc held $286.8M in cash against $0 in long-term debt as of fiscal year 2024.
Olo Inc's gross margin was 54.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.0 percentage points from the prior year.
Olo Inc's operating margin was -6.7% in fiscal year 2024, reflecting core business profitability. This is up 26.2 percentage points from the prior year.
Olo Inc's net profit margin was -0.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 25.2 percentage points from the prior year.
Olo Inc invested $68.5M in research and development in fiscal year 2024. This represents a decrease of 7.3% from the prior year.
Olo Inc spent $22.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 61.8% from the prior year.
Olo Inc invested $883K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 849.5% from the prior year.
OLO Income Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $85.7M+6.3% | $80.7M+6.1% | $76.1M+5.9% | $71.9M+8.0% | $66.5M+5.6% | $63.0M+9.0% | $57.8M+4.6% | $55.3M |
| Cost of Revenue | $41.8M+14.9% | $36.4M+1.7% | $35.8M+8.9% | $32.8M+12.1% | $29.3M+10.3% | $26.6M+14.4% | $23.2M+11.8% | $20.8M |
| Gross Profit | $43.9M-0.9% | $44.3M+10.0% | $40.3M+3.3% | $39.0M+4.8% | $37.2M+2.1% | $36.4M+5.4% | $34.6M+0.3% | $34.5M |
| R&D Expenses | $17.6M+3.0% | $17.1M-1.4% | $17.4M+1.1% | $17.2M+1.0% | $17.0M-0.6% | $17.1M-5.1% | $18.0M-1.4% | $18.3M |
| SG&A Expenses | $16.1M+2.1% | $15.8M+5.3% | $15.0M-0.9% | $15.1M+18.6% | $12.8M-54.6% | $28.1M+31.9% | $21.3M+15.4% | $18.5M |
| Operating Income | -$2.7M-11.9% | -$2.4M+45.6% | -$4.4M+47.9% | -$8.5M-19.0% | -$7.2M+65.1% | -$20.5M-25.9% | -$16.3M+23.0% | -$21.2M |
| Interest Expense | $22K+46.7% | $15K0.0% | $15K+7.1% | $14K-79.7% | $69K+60.5% | $43K0.0% | $43K-18.9% | $53K |
| Income Tax | $74K-9.8% | $82K-89.8% | $807K+2081.1% | $37K0.0% | $37K-81.2% | $197K+2714.3% | $7K0.0% | $7K |
| Net Income | $1.6M-12.5% | $1.8M+384.4% | -$635K+82.5% | -$3.6M-54.3% | -$2.4M+85.0% | -$15.7M-33.9% | -$11.8M+31.1% | -$17.1M |
| EPS (Diluted) | $0.010.0% | $0.01+200.0% | $-0.01+50.0% | $-0.02-100.0% | $-0.01+90.0% | $-0.10-42.9% | $-0.07+36.4% | $-0.11 |
OLO Balance Sheet
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $780.7M+2.1% | $764.6M+1.3% | $754.8M+2.9% | $733.3M-0.2% | $734.6M-1.1% | $742.8M-0.6% | $747.1M-2.8% | $768.3M |
| Current Assets | $469.7M+2.3% | $459.2M+2.4% | $448.3M+5.5% | $425.1M-3.9% | $442.5M-1.8% | $450.7M-2.1% | $460.4M-2.7% | $473.1M |
| Cash & Equivalents | $309.3M+7.6% | $287.5M+0.3% | $286.8M+5.4% | $272.2M+5.1% | $259.1M-6.9% | $278.2M-2.9% | $286.4M-9.9% | $318.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $63.6M-12.7% | $72.9M+18.4% | $61.6M+10.2% | $55.9M-22.8% | $72.4M+3.0% | $70.3M+0.1% | $70.2M+25.0% | $56.1M |
| Goodwill | $207.8M0.0% | $207.8M0.0% | $207.8M0.0% | $207.8M0.0% | $207.8M0.0% | $207.8M0.0% | $207.8M0.0% | $207.8M |
| Total Liabilities | $71.7M+3.4% | $69.3M-3.1% | $71.6M+7.7% | $66.4M-24.7% | $88.2M-3.5% | $91.3M+14.6% | $79.7M-15.6% | $94.4M |
| Current Liabilities | $60.9M+5.1% | $57.9M-2.8% | $59.6M+10.2% | $54.1M-27.7% | $74.8M-3.1% | $77.2M+19.3% | $64.7M-17.8% | $78.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $709.0M+2.0% | $695.3M+1.8% | $683.2M+2.4% | $666.9M+3.2% | $646.4M-0.8% | $651.5M-2.4% | $667.4M-1.0% | $673.9M |
| Retained Earnings | -$213.3M+0.7% | -$214.9M+0.8% | -$216.7M-0.3% | -$216.1M+1.0% | -$218.2M-1.1% | -$215.8M-7.9% | -$200.1M-6.2% | -$188.3M |
OLO Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.8M+4797.4% | $548K-94.1% | $9.3M+49.2% | $6.2M+3.4% | $6.0M+3.6% | $5.8M+126.9% | -$21.6M-1172.3% | $2.0M |
| Capital Expenditures | $309K+232.3% | $93K-7.9% | $101K-75.7% | $415K+510.3% | $68K-26.9% | $93K | $0 | $0 |
| Free Cash Flow | $26.5M+5730.5% | $455K-95.1% | $9.2M+58.1% | $5.8M-2.4% | $6.0M+4.1% | $5.7M+126.4% | -$21.6M-1172.3% | $2.0M |
| Investing Cash Flow | -$7.5M-5063.0% | -$146K-114.7% | $994K+123.5% | -$4.2M+61.6% | -$11.0M-882.7% | -$1.1M-172.7% | -$411K+95.8% | -$9.9M |
| Financing Cash Flow | $2.5M+673.6% | $329K-92.3% | $4.3M+475.8% | $744K+105.3% | -$14.1M-9.8% | -$12.9M-34.7% | -$9.6M-70.1% | -$5.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $15.3M+2.3% | $14.9M+14.7% | $13.0M+29.7% | $10.0M |
OLO Financial Ratios
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.2%-3.7pp | 54.9%+1.9pp | 53.0%-1.3pp | 54.3%-1.6pp | 55.9%-1.9pp | 57.8%-2.0pp | 59.8%-2.6pp | 62.4% |
| Operating Margin | -3.1%-0.2pp | -3.0%+2.9pp | -5.8%+6.0pp | -11.9%-1.1pp | -10.8%+21.8pp | -32.6%-4.4pp | -28.2%+10.1pp | -38.3% |
| Net Margin | 1.8%-0.4pp | 2.2%+3.1pp | -0.8%+4.2pp | -5.1%-1.5pp | -3.5%+21.5pp | -25.0%-4.6pp | -20.3%+10.6pp | -30.9% |
| Return on Equity | 0.2%-0.0pp | 0.3%-0.6pp | 0.9% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.2%-0.0pp | 0.2%+0.3pp | -0.1%+0.4pp | -0.5%-0.2pp | -0.3%+1.8pp | -2.1%-0.6pp | -1.6%+0.7pp | -2.2% |
| Current Ratio | 7.72-0.2 | 7.93+0.4 | 7.52-0.3 | 7.86+1.9 | 5.92+0.1 | 5.84-1.3 | 7.11+1.1 | 6.01 |
| Debt-to-Equity | 0.100.0 | 0.100.0 | 0.100.0 | 0.10-0.0 | 0.140.0 | 0.14+0.0 | 0.12-0.0 | 0.14 |
| FCF Margin | 30.9%+30.4pp | 0.6%-11.5pp | 12.1%+4.0pp | 8.1%-0.9pp | 9.0%-0.1pp | 9.1%+46.5pp | -37.5%-41.1pp | 3.6% |
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Frequently Asked Questions
What is Olo Inc's annual revenue?
Olo Inc (OLO) reported $284.9M in total revenue for fiscal year 2024. This represents a 24.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Olo Inc's revenue growing?
Olo Inc (OLO) revenue grew by 24.8% year-over-year, from $228.3M to $284.9M in fiscal year 2024.
Is Olo Inc profitable?
No, Olo Inc (OLO) reported a net income of -$897K in fiscal year 2024, with a net profit margin of -0.3%.
What is Olo Inc's earnings per share (EPS)?
Olo Inc (OLO) reported diluted earnings per share of $-0.01 for fiscal year 2024. This represents a 97.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Olo Inc's EBITDA?
Olo Inc (OLO) had EBITDA of -$4.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Olo Inc's gross margin?
Olo Inc (OLO) had a gross margin of 54.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Olo Inc's operating margin?
Olo Inc (OLO) had an operating margin of -6.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Olo Inc's net profit margin?
Olo Inc (OLO) had a net profit margin of -0.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Olo Inc's free cash flow?
Olo Inc (OLO) generated $38.8M in free cash flow during fiscal year 2024. This represents a 682.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Olo Inc's operating cash flow?
Olo Inc (OLO) generated $39.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Olo Inc's total assets?
Olo Inc (OLO) had $754.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Olo Inc's capital expenditures?
Olo Inc (OLO) invested $883K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Olo Inc spend on research and development?
Olo Inc (OLO) invested $68.5M in research and development during fiscal year 2024.
Does Olo Inc buy back shares?
Yes, Olo Inc (OLO) spent $22.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Olo Inc's current ratio?
Olo Inc (OLO) had a current ratio of 7.52 as of fiscal year 2024, which is generally considered healthy.
What is Olo Inc's debt-to-equity ratio?
Olo Inc (OLO) had a debt-to-equity ratio of 0.10 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Olo Inc's return on assets (ROA)?
Olo Inc (OLO) had a return on assets of -0.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Olo Inc's Piotroski F-Score?
Olo Inc (OLO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Olo Inc's earnings high quality?
Olo Inc (OLO) has an earnings quality ratio of -44.25x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Olo Inc cover its interest payments?
Olo Inc (OLO) has an interest coverage ratio of -169.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Olo Inc?
Olo Inc (OLO) scores 74 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.