$OOMA

OOMA INC

CIK:0001327688|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2026	Jul. 31, 2025
Revenue:
Total revenue	$ 83,228	$ 66,364	$ 164,377	$ 131,393
Cost of revenue:
Total cost of revenue	32,240	26,134	62,719	50,954
Gross profit	50,988	40,230	101,658	80,439
Operating expenses:
Sales and marketing	22,425	19,122	44,691	38,877
Research and development	15,468	12,495	30,498	24,937
General and administrative	9,105	7,697	18,971	15,766
Total operating expenses	46,998	39,314	94,160	79,580
Income from operations	3,990	916	7,498	859
Interest and other (expense) income, net	(831)	221	(1,601)	384
Income before income taxes	3,159	1,137	5,897	1,243
Income tax (provision) benefit	(155)	118	(311)	(129)
Net income	$ 3,004	$ 1,255	$ 5,586	$ 1,114
Net income per share of common stock:
Basic	$ 0.11	$ 0.05	$ 0.2	$ 0.04
Diluted	$ 0.1	$ 0.04	$ 0.2	$ 0.04
Weighted-average shares of common stock outstanding:
Basic	27,551,160	27,595,209	27,523,689	27,521,797
Diluted	28,877,764	28,125,304	28,561,815	28,224,710
Subscription and services
Revenue:
Total revenue	$ 75,579	$ 61,139	$ 150,173	$ 121,398
Cost of revenue:
Total cost of revenue	22,659	18,428	44,515	36,489
Product and other
Revenue:
Total revenue	7,649	5,225	14,204	9,995
Cost of revenue:
Total cost of revenue	$ 9,581	$ 7,706	$ 18,204	$ 14,465

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash flows from operating activities:
Net income (loss)	$ 5,586	$ 1,114
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	7,164	7,571
Depreciation and amortization of capital expenditures	2,464	1,992
Amortization of intangible assets	6,184	2,812
Amortization of operating lease right-of-use assets	1,757	1,594
Other	63	77
Changes in operating assets and liabilities:
Accounts receivable, net	468	(575)
Inventories and deferred inventory costs	(5,237)	(1,654)
Prepaid expenses and other assets	(2,496)	218
Accounts payable, accrued expenses and other liabilities	3,221	(3,831)
Deferred revenue	321	746
Net cash provided by operating activities	19,495	10,064
Cash flows from investing activities:
Capital expenditures	(3,762)	(2,535)
Business acquisition, working capital adjustments	436
Net cash used in investing activities	(3,326)	(2,535)
Cash flows from financing activities:
Shares repurchased for tax withholdings on vesting of restricted stock units	(3,292)	(2,731)
Payments for repurchases of common stock	(5,706)	(5,399)
Proceeds from issuance of common stock	1,717	2,288
Repayments of debt	(11,500)
Net cash used in financing activities	(18,781)	(5,842)
Net (decrease) increase in cash and cash equivalents	(2,612)	1,687
Cash and cash equivalents at beginning of period	20,144	17,871
Cash and cash equivalents at end of period	$ 17,532	$ 19,558

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jul. 31, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 17,532	$ 20,144
Accounts receivable, net	11,365	11,833
Inventories	21,355	16,172
Other current assets	19,044	18,590
Total current assets	69,296	66,739
Property and equipment, net	14,406	13,330
Operating lease right-of-use assets	13,296	14,198
Intangible assets, net	56,294	62,478
Goodwill	50,427	49,827
Other assets	22,704	20,965
Total assets	226,423	227,537
Current liabilities:
Accounts payable	11,125	8,275
Accrued expenses and other current liabilities	42,023	39,292
Current portion of debt, net	1,373	6,373
Deferred revenue	18,104	17,787
Total current liabilities	72,625	71,727
Long-term operating lease liabilities	9,940	10,988
Debt, net of current portion	45,077	51,514
Other liabilities	396	392
Total liabilities	128,038	134,621
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock	5	5
Additional paid-in capital	226,514	226,631
Accumulated deficit	(128,134)	(133,720)
Total stockholders’ equity	98,385	92,916
Total liabilities and stockholders’ equity	$ 226,423	$ 227,537