Ooma (NYSE: OOMA) posts Q4 profit and guides higher fiscal 2027 results

Rhea-AI Filing Summary

Ooma, Inc. reports a profitable Q4 and a stronger full fiscal year 2026. Fourth quarter revenue reached $74.6 million, up 15% year-over-year, with subscription and services contributing $68.7 million, or 92% of total revenue. The December 2025 acquisitions of FluentStream and Phone.com contributed $6.1 million of Q4 revenue.

GAAP net income for the quarter was $4.0 million, or $0.14 per diluted share, compared with a small loss a year earlier, helped by a $2.5 million tax benefit tied to Phone.com intangibles. Non-GAAP net income rose to $9.4 million ($0.34 per diluted share) and Adjusted EBITDA increased to $11.5 million from $6.9 million.

For fiscal 2026, revenue grew to $273.6 million from $256.9 million, while GAAP results swung to net income of $6.5 million from a $6.9 million loss. Non-GAAP net income rose to $29.2 million and Adjusted EBITDA to $33.9 million. For fiscal 2027, Ooma guides revenue to $321–$325 million, GAAP net income to $9.3–$10.8 million, and non-GAAP net income to $35.5–$37.0 million.

Positive

• Profitable growth and margin expansion: Fiscal 2026 revenue rose to $273.6 million while GAAP results flipped from a $6.9 million loss to $6.5 million net income, and non-GAAP net income increased to $29.2 million with Adjusted EBITDA up to $33.9 million.
• Strong fiscal 2027 outlook: Guidance calls for revenue of $321–$325 million and non-GAAP net income of $35.5–$37.0 million, signaling confidence in growth from AirDial and the FluentStream and Phone.com acquisitions.

Negative

• Higher leverage post-acquisitions: To fund the FluentStream and Phone.com deals, total debt rose from zero to $57.9 million as of January 31, 2026, increasing financial obligations alongside integration and execution risks.

Insights

Equity research analyst

Ooma delivers profitable growth and issues robust fiscal 2027 guidance.

Ooma shows a clear inflection to profitability. Fiscal 2026 revenue increased to $273.6 million, while GAAP results moved from a $6.9 million loss to $6.5 million net income. High-margin subscription and services revenue was 92% of total for both Q4 and the year, underscoring a recurring-revenue model.

Non-GAAP earnings power scaled faster than sales. Non-GAAP net income rose to $29.2 million from $18.0 million, and Adjusted EBITDA climbed to $33.9 million from $23.3 million. Management highlights record AirDial sales and initial contributions from the FluentStream and Phone.com acquisitions as growth drivers.

Guidance implies another step-up in scale. For fiscal 2027, Ooma projects revenue of $321–$325 million and non-GAAP net income of $35.5–$37.0 million, with Q1 non-GAAP net income of $8.8–$9.2 million. Future filings and earnings updates will clarify how well integration, AirDial adoption and segment growth track these targets.

Credit and capital structure analyst

Ooma adds leverage to fund acquisitions but keeps cash generation positive.

The balance sheet reflects a more leveraged, acquisition-driven strategy. Total assets rose to $227.5 million as of January 31, 2026, from $149.2 million, largely due to higher intangible assets and goodwill tied to FluentStream and Phone.com.

Debt increased from zero to $57.9 million (current and long-term portions combined), while cash and cash equivalents were $20.1 million. Operating cash flow remained solid at $27.7 million for fiscal 2026, broadly in line with the prior year, despite acquisition and integration activity.

Management also continued capital returns via share repurchases, with $11.6 million used to buy back common stock in fiscal 2026. Subsequent disclosures will show how effectively Ooma uses the new debt-funded acquisitions to sustain earnings and cash flow relative to its higher leverage.

0001327688false00013276882026-03-042026-03-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 4, 2026

Ooma, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-37493		06-1713274
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

525 Almanor Avenue, Suite 200, Sunnyvale, California 94085

(Address of principal executive offices)

(650) 566-6600

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001	OOMA	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On March 4, 2026, Ooma, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal fourth quarter and year ended January 31, 2026. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information set forth in this Item 2.02 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

(d)Exhibits.

Exhibit No.		Description
99.1		Press release dated March 4, 2026 titled “Ooma Reports Fourth Quarter and Fiscal Year 2026 Financial Results”
104		Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				OOMA, INC.
Date: March 4, 2026				By:		/s/ Shig Hamamatsu
						Shig Hamamatsu
						Chief Financial Officer

Exhibit 99.1

Ooma Reports Fourth Quarter and Fiscal Year 2026 Financial Results

Sunnyvale, Calif., March 4, 2026 -- Ooma, Inc. (NYSE: OOMA), a provider of advanced communications services for businesses and consumers, today released financial results for the fiscal fourth quarter and year ended January 31, 2026.

Fourth Quarter Fiscal 2026 Financial Highlights:

•Revenue: Total revenue was $74.6 million, up 15% year-over-year. Subscription and services revenue increased to $68.7 million from $60.6 million in the fourth quarter of fiscal 2025, and was 92% of total revenue, primarily driven by the growth of Ooma Business. The December 2025 acquisitions of FluentStream and Phone.com, on a combined basis, contributed revenue of $6.1 million to the fourth quarter fiscal 2026, including $6.0 million of business subscription revenue.

•Net Income/Loss: GAAP net income was $4.0 million, or $0.14 per diluted share, compared to GAAP net loss of $0.3 million, or $0.01 per basic and diluted share, in the fourth quarter of fiscal 2025. GAAP net income in the fourth quarter of fiscal 2026 includes the tax benefit from the release of $2.5 million in valuation allowances resulting from the recording of certain intangible assets in connection with the Phone.com acquisition. Non-GAAP net income was $9.4 million, or $0.34 per diluted share, compared to non-GAAP net income of $5.8 million, or $0.21 per diluted share in the prior year period.

•Adjusted EBITDA: Adjusted EBITDA was $11.5 million, compared to $6.9 million in the fourth quarter of fiscal 2025.

Full Year Fiscal 2026 Financial Highlights:

•Revenue: Total revenue was $273.6 million, up 7% year-over-year. Subscription and services revenue increased to $252.0 million from $238.6 million in fiscal 2025, and was 92% of total revenue, primarily driven by the growth of Ooma Business, including the acquisitions of FluentStream and Phone.com, as described above.

•Net Income/Loss: GAAP net income was $6.5 million, or $0.23 per diluted share, compared to GAAP net loss of $6.9 million, or $0.26 per basic and diluted share, in fiscal 2025. GAAP net income in fiscal 2026 includes the tax benefit from the release of $2.5 million in valuation allowances in the fourth quarter described above. Non-GAAP net income was $29.2 million, or $1.04 per diluted share, compared to non-GAAP net income of $18.0 million, or $0.66 per diluted share in the prior fiscal year.

•Adjusted EBITDA: Adjusted EBITDA was $33.9 million, compared to $23.3 million in fiscal 2025.

For more information about non-GAAP net income and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release.

“Ooma delivered strong Q4 results with $74.6 million in revenue, $9.4 million of non-GAAP net income and $10.7m of cash from operations,” said Eric Stang, chief executive officer of Ooma. “We closed fiscal year 2026 on a high note with record sales of AirDial and the completion of our acquisitions of FluentStream and Phone.com. For our full fiscal year 2026, we grew business subscription services revenue by 10% year over year and non-GAAP net income by 62% year over year. Looking forward to fiscal year 2027, we are focused on growing in each of the four segments we target: cloud communications for smaller-sized businesses, POTS replacement for both business and residential customers, wholesale platform services, and residential telephony. We particularly see opportunity to expand our sales of AirDial, driven by our expectation of growing market momentum for POTS replacement, and opportunity to leverage our recent acquisitions of FluentStream and Phone.com to realize scale economies and capture new growth potential.”

Business Outlook:

For the first quarter of fiscal 2027, Ooma expects:

•Total revenue in the range of $79.6 million to $80.4 million.

•GAAP net income in the range of $2.3 million to $2.7 million and GAAP net income per share in the range of $0.08 to $0.10.

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•Non-GAAP net income in the range of $8.8 million to $9.2 million, and non-GAAP net income per share in the range of $0.31 to $0.33.

For the full fiscal year 2027, Ooma expects:

•Total revenue in the range of $321 million to $325 million.

•GAAP net income in the range of $9.3 million to $10.8 million, and GAAP net income per share in the range of $0.33 to $0.38.

•Non-GAAP net income in the range of $35.5 million to $37.0 million, and non-GAAP net income per share in the range of $1.26 to $1.31.

The following is a reconciliation of GAAP net income to non-GAAP net income and GAAP diluted net income per share to non-GAAP diluted net income per share guidance for the first fiscal quarter ending April 30, 2026 and the fiscal year ending January 31, 2027 (in millions, except per share data):

		Projected range
		Three Months Ending				Fiscal Year Ending
		April 30, 2026				January 31, 2027
		(unaudited)
GAAP net income		$2.3-$2.7				$9.3-$10.8
Stock-based compensation and related taxes			3.3				14.2
Amortization of intangible assets			3.2				12.0
Non-GAAP net income		$8.8-$9.2				$35.5-$37.0
GAAP net income per share		$0.08-$0.10				$0.33-$0.38
Stock-based compensation and related taxes			0.12				0.50
Amortization of intangible assets			0.11				0.43
Non-GAAP net income per share		$0.31-$0.33				$1.26-$1.31
Weighted-average number of shares used in per share amounts:
Basic			27.7				28.0
Diluted			28.0				28.2

Conference Call Information:

The company will host a conference call and live webcast for analysts and investors at 5:00 p.m., Eastern time on March 4, 2026. The news release with the financial results will be accessible from the company's website prior to the conference call.

To access the call by phone, please visit https://register-conf.media-server.com/register/BIecc39409caf643709ef5fe469f156982 to register and receive the dial-in details. To avoid delays, Ooma encourages participants to dial into the conference call ten minutes ahead of the scheduled start time.

For webcast listening, please visit Ooma’s Events & Presentations page https://investors.ooma.com/news-events/events-presentation for a link.

Following the call, an archived version of the webcast will be available on the Ooma investor relations site at https://investors.ooma.com for 12 months.

Non-GAAP Financial Measures

In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net income, non-GAAP net income per share, non-GAAP gross profit and gross margin, non-GAAP operating income, and Adjusted EBITDA. Adjusted EBITDA represents net income before interest and other expense (income), income taxes,

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depreciation and amortization of capital expenditures, amortization of intangible assets, stock-based compensation and related taxes, acquisition-related costs, litigation costs, restructuring costs and gain on note conversion.

Other non-GAAP financial measures exclude stock-based compensation expense and related taxes, amortization of intangible assets, certain non-recurring gains and charges, such as acquisition-related costs, acquisition-related income tax benefit, litigation costs, restructuring costs and gain on note conversion. Non-GAAP weighted-average diluted shares include the effect of potentially dilutive securities from the company’s stock-based benefit plans.

These non-GAAP financial measures are presented to provide investors with additional information regarding our financial results and core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company.

Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below.

Disclosure Information

Ooma uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, the financial projections under “Business Outlook” and the statements contained in the quotations of our Chief Executive Officer may constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes”, "expects”, "may”, "will”, "should”, "seeks”, "approximately”, "intends”, "plans”, "estimates”, "anticipates”, and other expressions that are predictions of or indicate future events. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our ability to retain the former employees, customers and users of FluentStream and Phone.com, our ability to successfully integrate the acquired companies and to achieve expected benefits from the acquisitions; our inability to attract new customers on a cost-effective basis; our inability to retain customers; failure to realize AirDial opportunities; intense competition; loss of key retailers and reseller partnerships; our inability to realize expected returns from our investments made in connection with our international operations and development of new product features; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law.

The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings which we make with the SEC from time to time, including the risk factors contained in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2025, filed with the SEC on December 9, 2025. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law.

About Ooma, Inc.

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Ooma (NYSE: OOMA) delivers phone, messaging, video and advanced communications services that are easy to implement and provide great value. Founded in 2003, the company offers Ooma Office for small to medium-sized businesses seeking enterprise-grade features designed for their needs; Ooma AirDial for any business looking to replace aging and increasingly expensive copper phone lines; Ooma 2600Hz for businesses that provide their own communications solutions built on an outsourced underlying platform; and Ooma Telo for residential consumers who value a landline experience at a more affordable price point. Ooma’s award-winning solutions power more than 2 million users today. Learn more at www.ooma.com in the United States or www.ooma.ca in Canada.

INVESTOR CONTACT:

Matthew S. Robison

Director of IR and Corporate Development

Ooma, Inc.

ir@ooma.com

(650) 300-1480

MEDIA CONTACT:

Jim Gustke

Senior Vice President, Marketing

Ooma, Inc.

press@ooma.com

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OOMA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, amounts in thousands)

	January 31,				January 31,
	2026				2025
Assets
Current assets:
Cash and cash equivalents	$	20,144			$	17,871
Accounts receivable, net		11,833				8,040
Inventories		16,172				13,068
Other current assets		18,590				17,198
Total current assets		66,739				56,177
Property and equipment, net		13,330				11,982
Operating lease right-of-use assets		14,198				15,311
Intangible assets, net		62,478				22,184
Goodwill		49,827				23,069
Other assets		20,965				20,472
Total assets	$	227,537			$	149,195
Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	8,275			$	6,007
Accrued expenses and other current liabilities		39,292				29,067
Current portion of debt, net		6,373				—
Deferred revenue		17,787				16,586
Total current liabilities		71,727				51,660
Long-term operating lease liabilities		10,988				12,234
Debt, net of current portion		51,514				—
Other liabilities		392				23
Total liabilities		134,621				63,917
Stockholders' equity:
Common stock		5				5
Additional paid-in capital		226,631				225,452
Accumulated deficit		(133,720	)			(140,179	)
Total stockholders' equity		92,916				85,278
Total liabilities and stockholders' equity	$	227,537			$	149,195

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OOMA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, amounts in thousands, except share and per share data)

		Three Months Ended								Fiscal Year Ended
		January 31, 2026				January 31, 2025				January 31, 2026				January 31, 2025
Revenue:
Subscription and services		$	68,664			$	60,551			$	252,015			$	238,641
Product and other			5,920				4,546				21,587				18,211
Total revenue			74,584				65,097				273,602				256,852
Cost of revenue:
Subscription and services			20,103				18,079				75,256				71,199
Product and other			8,409				7,085				31,106				29,635
Total cost of revenue			28,512				25,164				106,362				100,834
Gross profit			46,072				39,933				167,240				156,018
Operating expenses:
Sales and marketing			20,318				19,365				78,341				77,325
Research and development			13,221				12,620				50,259				54,287
General and administrative			10,428				8,269				34,384				31,346
Total operating expenses			43,967				40,254				162,984				162,958
Income (loss) from operations			2,105				(321	)			4,256				(6,940	)
Interest and other (expense) income, net			(432	)			(35	)			117				799
Income (Loss) before income taxes			1,673				(356	)			4,373				(6,141	)
Income tax benefit (provision)			2,279				95				2,086				(760	)
Net income (loss)		$	3,952			$	(261	)		$	6,459			$	(6,901	)
Net income (loss) per share of common stock:
Basic		$	0.14			$	(0.01	)		$	0.23			$	(0.26	)
Diluted		$	0.14			$	(0.01	)		$	0.23			$	(0.26	)
Weighted-average shares of common stock outstanding:
Basic			27,556,621				27,097,223				27,550,814				26,685,598
Diluted			27,850,080				27,097,223				28,116,327				26,685,598

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OOMA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, amounts in thousands)

		Three Months Ended								Fiscal Year Ended
		January 31, 2026				January 31, 2025				January 31, 2026				January 31, 2025
Cash flows from operating activities:
Net income (loss)		$	3,952			$	(261	)		$	6,459			$	(6,901	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense			3,585				4,440				14,918				17,915
Depreciation and amortization of capital expenditures			1,381				1,151				4,395				4,294
Amortization of intangible assets			2,388				1,406				6,606				5,767
Amortization of operating lease right-of-use assets			854				783				3,324				3,074
Deferred income tax benefit			(2,548	)			—				(2,548	)			—
Gain on note conversion			—				—				—				(980	)
Other			74				96				151				243
Changes in operating assets and liabilities:
Accounts receivable, net			(1,790	)			185				(2,577	)			1,824
Inventories and deferred inventory costs			(884	)			25				(3,150	)			6,639
Prepaid expenses and other assets			91				(129	)			(1,153	)			(2,659	)
Accounts payable, accrued expenses and other liabilities			4,133				513				1,421				(2,163	)
Deferred revenue			(533	)			(367	)			(156	)			(447	)
Net cash provided by operating activities			10,703				7,842				27,690				26,606
Cash flows from investing activities:
Business acquisition, working capital adjustments			(64,090	)			—				(64,090	)			—
Capital expenditures			(1,581	)			(1,695	)			(5,592	)			(6,447	)
Net cash used in investing activities			(65,671	)			(1,695	)			(69,682	)			(6,447	)
Cash flows from financing activities:
Proceeds from issuance of debt			65,000				—				65,000				—
Repayments of debt			(6,500	)			(3,000	)			(6,500	)			(16,000	)
Credit facility issuance costs			(496	)			—				(496	)			—
Shares repurchased for tax withholdings on vesting of restricted stock units			(1,164	)			(1,594	)			(5,132	)			(4,410	)
Payments for repurchases of common stock			(3,448	)			(2,418	)			(11,627	)			(4,470	)
Proceeds from issuance of common stock			—				1,605				3,020				5,056
Net cash provided by (used in) financing activities			53,392				(5,407	)			44,265				(19,824	)
Net (decrease) increase in cash and cash equivalents			(1,576	)			740				2,273				335
Cash and cash equivalents, at beginning of period			21,720				17,131				17,871				17,536
Cash and cash equivalents, at end of period		$	20,144			$	17,871			$	20,144			$	17,871

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OOMA, INC.

Reconciliation of Non-GAAP Financial Measures

(Unaudited, amounts in thousands, except percentages, share and per share data)

		Three Months Ended									Fiscal Year Ended
		January 31, 2026					January 31, 2025				January 31, 2026					January 31, 2025
Revenue		$		74,584			$	65,097			$		273,602			$	256,852
GAAP gross profit		$		46,072			$	39,933			$		167,240			$	156,018
Stock-based compensation and related taxes				218				243					940				1,049
Amortization of intangible assets				896				708					3,020				2,974
Restructuring costs				—				—					62				39
Non-GAAP gross profit		$		47,186			$	40,884			$		171,262			$	160,080
Gross margin on a GAAP basis				62	%			61	%				61	%			61	%
Gross margin on a Non-GAAP basis				63	%			63	%				63	%			62	%
GAAP operating income (loss)		$		2,105			$	(321	)		$		4,256			$	(6,940	)
Stock-based compensation and related taxes				3,628				4,507					15,217				18,217
Amortization of intangible assets				2,388				1,406					6,606				5,767
Litigation costs				986				170					1,474				340
Acquisition-related costs				1,042				—					1,626				—
Restructuring costs				—				—					373				1,579
Non-GAAP operating income		$		10,149			$	5,762			$		29,552			$	18,963
GAAP net income (loss)		$		3,952			$	(261	)		$		6,459			$	(6,901	)
Stock-based compensation and related taxes				3,628				4,507					15,217				18,217
Amortization of intangible assets				2,388				1,406					6,606				5,767
Litigation costs				986				170					1,474				340
Acquisition-related costs				1,042				—					1,626				—
Acquisition-related income tax benefit				(2,548	)			—					(2,548	)			—
Restructuring costs				—				—					373				1,579
Gain on note conversion				—				—					—				(980	)
Non-GAAP net income		$		9,448			$	5,822			$		29,207			$	18,022
GAAP basic net income (loss) per share		$		0.14			$	(0.01	)		$		0.23			$	(0.26	)
Stock-based compensation and related taxes				0.13				0.16					0.54				0.67
Amortization of intangible assets				0.08				0.05					0.24				0.21
Litigation costs				0.04				0.01					0.05				0.02
Acquisition-related costs				0.04				—					0.06				—
Acquisition-related income tax benefit				(0.09	)			—					(0.09	)			—
Restructuring costs				—				—					0.01				0.06
Gain on note conversion				—				—					—				(0.04	)
Non-GAAP net income per diluted share		$		0.34			$	0.21			$		1.04			$	0.66
GAAP weighted-average basic shares				27,556,621				27,097,223					27,550,814				26,685,598
GAAP weighted-average diluted shares				27,850,080				27,097,223					28,116,327				26,685,598
Non-GAAP weighted-average diluted shares				27,850,080				27,997,014					28,116,327				27,488,168
GAAP net income (loss)		$		3,952			$	(261	)		$		6,459			$	(6,901	)
Reconciling items:
Interest and other expense (income), net				432				35					(117	)			181
Income tax (benefit) provision				(2,279	)			(95	)				(2,086	)			760
Depreciation and amortization of capital expenditures				1,381				1,151					4,395				4,294
Amortization of intangible assets				2,388				1,406					6,606				5,767
Stock-based compensation and related taxes				3,628				4,507					15,217				18,217
Litigation costs				986				170					1,474				340
Acquisition-related costs				1,042				—					1,626				—
Restructuring costs				—				—					373				1,579
Gain on note conversion				—				—					—				(980	)
Adjusted EBITDA		$		11,530			$	6,913			$		33,947			$	23,257

8

FAQ

How did Ooma (OOMA) perform financially in Q4 fiscal 2026?

Ooma posted strong Q4 fiscal 2026 results, with revenue of $74.6 million, up 15% year-over-year. Subscription and services revenue was $68.7 million, or 92% of total revenue, and GAAP net income reached $4.0 million, reversing a small loss a year earlier.

What were Ooma’s full-year fiscal 2026 earnings and margins?

For fiscal 2026, Ooma generated $273.6 million in revenue and GAAP net income of $6.5 million. Non-GAAP net income rose to $29.2 million, while Adjusted EBITDA increased to $33.9 million, reflecting improved profitability alongside mid‑single‑digit revenue growth.

How did the FluentStream and Phone.com acquisitions affect Ooma’s results?

The December 2025 acquisitions of FluentStream and Phone.com contributed $6.1 million of revenue in Q4 fiscal 2026, including $6.0 million of business subscription revenue. They also increased intangible assets and goodwill, and were funded partly with new debt on the balance sheet.

What guidance did Ooma give for fiscal 2027 revenue and earnings?

For fiscal 2027, Ooma expects total revenue of $321–$325 million. GAAP net income is projected at $9.3–$10.8 million, while non-GAAP net income is forecast at $35.5–$37.0 million, indicating continued growth from its business and residential communications services.

What is Ooma’s Q1 fiscal 2027 outlook for profit and EPS?

For Q1 fiscal 2027, Ooma guides GAAP net income to $2.3–$2.7 million and GAAP EPS of $0.08–$0.10. Non-GAAP net income is expected at $8.8–$9.2 million, with non-GAAP EPS between $0.31 and $0.33 on diluted shares.

How did Ooma’s balance sheet change after fiscal 2026 acquisitions?

As of January 31, 2026, total assets increased to $227.5 million from $149.2 million, driven by higher intangibles and goodwill. Debt rose to $57.9 million combined current and long-term, while cash and cash equivalents stood at $20.1 million, reflecting acquisition financing.

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