$OMCL

OMNICELL, Inc

CIK:0000926326|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Total revenues	$ 312,208	$ 290,562	$ 622,088	$ 560,230
Total cost of revenues	159,273	162,884	328,790	321,616
Gross profit	152,935	127,678	293,298	238,614
Operating expenses:
Research and development	20,299	21,573	41,818	42,099
Selling, general, and administrative	100,187	97,985	202,177	200,014
Total operating expenses	120,486	119,558	243,995	242,113
Income (loss) from operations	32,449	8,120	49,303	(3,499)
Interest and other income (expense), net	1,384	2,333	1,435	4,422
Income before income taxes	33,833	10,453	50,738	923
Provision for income taxes	9,544	4,814	15,091	2,307
Net income (loss)	$ 24,289	$ 5,639	$ 35,647	$ (1,384)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.53	$ 0.12	$ 0.78	$ (0.03)
Diluted (in dollars per share)	$ 0.52	$ 0.12	$ 0.77	$ (0.03)
Weighted-average shares outstanding:
Basic (in shares)	45,609	46,788	45,467	46,692
Diluted (in shares)	46,302	46,986	46,130	46,692
Product revenues
Total revenues	$ 175,062	$ 163,172	$ 349,862	$ 308,340
Total cost of revenues	85,668	91,919	181,186	177,504
Service revenues
Total revenues	137,146	127,390	272,226	251,890
Total cost of revenues	$ 73,605	$ 70,965	$ 147,604	$ 144,112

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income (loss)	$ 35,647	$ (1,384)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	37,404	39,582
Loss on disposal of assets	239	292
Share-based compensation expense	21,705	21,316
Deferred income taxes	10,917	(2,131)
Amortization of operating lease right-of-use assets	3,841	3,905
Amortization of debt issuance costs	995	1,461
Changes in operating assets and liabilities:
Accounts receivable and unbilled receivables	(10,193)	25,863
Inventories	4,187	(15,935)
Prepaid expenses	(2,102)	(3,081)
Other current assets	(5,100)	(4,526)
Investment in sales-type leases	4,037	(1,367)
Prepaid commissions	468	2,772
Other long-term assets	1,845	4,684
Accounts payable	7,238	10,689
Accrued compensation	3,613	(8,603)
Accrued liabilities	(234)	(14,883)
Deferred revenues	13,098	15,103
Operating lease liabilities	(5,966)	(5,831)
Other long-term liabilities	1,175	753
Net cash provided by operating activities	122,814	68,679
Investing Activities
External-use software development costs	(7,023)	(8,709)
Purchases of property and equipment	(21,375)	(22,953)
Net cash used in investing activities	(28,398)	(31,662)
Financing Activities
Proceeds from issuances under stock-based compensation plans	7,859	8,266
Employees’ taxes paid related to restricted stock units	(4,532)	(3,352)
Excise tax paid on common stock repurchases	(388)	0
Common stock repurchases	0	(15,652)
Change in customer funds, net	(23,923)	3,307
Net cash used in financing activities	(20,984)	(7,431)
Effect of exchange rate changes on cash and cash equivalents	(1,710)	3,300
Net increase in cash, cash equivalents, and restricted cash	71,722	32,886
Cash, cash equivalents, and restricted cash at beginning of period	251,032	398,614
Cash, cash equivalents, and restricted cash at end of period	322,754	431,500
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:
Cash and cash equivalents	292,165	399,004
Restricted cash included in other current assets	30,589	32,496
Cash, cash equivalents, and restricted cash at end of period	322,754	431,500
Supplemental disclosure of non-cash investing activities:
Unpaid purchases of property and equipment	$ 567	$ 692

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 292,165	$ 196,520
Accounts receivable and unbilled receivables, net of allowances of $6,957 and $8,868, respectively	227,051	216,858
Inventories	96,718	100,905
Prepaid expenses	35,811	33,709
Other current assets	83,641	132,077
Total current assets	735,386	680,069
Property and equipment, net	121,948	120,111
Long-term investment in sales-type leases, net	56,505	60,742
Operating lease right-of-use assets	21,550	24,366
Goodwill	737,201	737,946
Intangible assets, net	160,863	170,105
Long-term deferred tax assets	47,377	58,337
Prepaid commissions	52,372	52,840
Other long-term assets	65,657	70,204
Total assets	1,998,859	1,974,720
Current liabilities:
Accounts payable	49,780	43,990
Accrued compensation	60,785	57,172
Accrued liabilities	148,502	203,586
Deferred revenues	188,374	171,861
Total current liabilities	447,441	476,609
Long-term deferred revenues	59,517	63,254
Long-term deferred tax liabilities	640	683
Long-term operating lease liabilities	20,308	24,794
Other long-term liabilities	11,145	9,970
Convertible senior notes, net	168,203	167,596
Total liabilities	707,254	742,906
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued	0	0
Common stock, $0.001 par value, 100,000 shares authorized; 58,419 and 57,833 shares issued; 45,613 and 45,027 shares outstanding, respectively	58	58
Treasury stock at cost, 12,806 shares outstanding	(368,307)	(368,307)
Additional paid-in capital	1,250,382	1,223,977
Retained earnings	420,587	384,940
Accumulated other comprehensive loss	(11,115)	(8,854)
Total stockholders’ equity	1,291,605	1,231,814
Total liabilities and stockholders’ equity	$ 1,998,859	$ 1,974,720