# Ooma, Inc. (OOMA)

> Source: Nexqual · https://nexqual.com/OOMA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Ooma, Inc. (OOMA), nexqual.com/OOMA" · informational, not investment advice.

**Price:** USD 19.69 (-0.81% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 19.85 · day 19.53–20.08 · 52w 9.79–26.19 · market cap $543M · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $307M, net income $10.9M (3.6% margin), free cash flow $30.3M (SEC filings).
- Valuation: P/E 49.7x (avg 51.1x at the last 1 fiscal year-ends), EV/EBITDA 36.3x, net debt $28.9M.
- 1 of 80 tracked superinvestors hold OOMA (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 20 Form 4 filings, $5.1M; 12 not under a Rule 10b5-1 plan ($4.2M); 4 by opportunistic insiders (4 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.14 on a 1–5 scale) (7 analysts), mean target USD 26.8 (range 25–30).
- Total return with dividends: 1Y +75.5% vs S&P 500 +14.9%; 5Y -1.5% vs S&P 500 +80.3%.
- Next earnings: 2026-08-26, EPS estimate USD 0.34, revenue estimate $84.0M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $192M | $216M | $237M | $257M | $274M | $307M |
| Gross profit | $118M | $138M | $147M | $156M | $167M | — |
| Operating income | -$1.9M | -$5.8M | -$4.0M | -$6.9M | $4.3M | $10.9M |
| Net income | -$1.8M | -$3.7M | -$835K | -$6.9M | $6.5M | $10.9M |
| EPS (diluted) | -$0.07 | -$0.15 | -$0.03 | -$0.26 | $0.23 | — |
| Free cash flow | $2.5M | $3.6M | $6.1M | $20.2M | $22.1M | $30.3M |
| Gross margin | 61.6% | 63.7% | 62.2% | 60.7% | 61.1% | — |
| Operating margin | -1.0% | -2.7% | -1.7% | -2.7% | 1.6% | 3.6% |
| Net margin | -0.9% | -1.7% | -0.4% | -2.7% | 2.4% | 3.6% |
| Revenue growth | +13.8% | +12.4% | +9.5% | +8.5% | +6.5% | — |
| Cash + short-term investments | $31.3M | $26.9M | $17.5M | — | — | — |
| Total debt | — | — | $16.0M | $0K | $57.9M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 49.7x · P/S 1.8x · EV/EBITDA 36.3x · EV/Sales 1.9x · P/FCF 17.9x · P/B 5.5x · FCF yield 5.58% · Earnings yield 2.01% · Buyback yield (TTM) 2.20% · Net debt $28.9M · EV $572M
P/E at fiscal year-ends: Jan 2026 51.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold OOMA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | <0.01% | $404K | New position |

## Insider sales (SEC Form 4, open-market, last ~7 months)
8 of 20 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-24 | Sabharwal Namrata | VP & Chief Accounting Officer | 1,500 | $33K | 1.8% | No | Too little history (no open-market trades in 2024) |
| 2026-09-22 | Butenhoff Susan | Director | 9,000 | $198K | 7.6% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-17 | Yeh Jenny C | SVP & Chief Legal Officer | 1,747 | $40K | 0.8% | Yes (adopted April 1, 2026) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-14 | Stang Eric B | President & CEO | 36,322 | $845K | 1.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-11 | Yeh Jenny C | SVP & Chief Legal Officer | 1,948 | $45K | 0.9% | Yes (adopted April 1, 2026) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-10…2026-09-11 | Stang Eric B | President & CEO | 40,000 | $920K | 2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-10 | Sabharwal Namrata | VP & Chief Accounting Officer | 2,481 | $58K | 2.9% | No | Too little history (no open-market trades in 2024) |
| 2026-09-09 | Yeh Jenny C | SVP & Chief Legal Officer | 1,429 | $33K | 0.6% | Yes (adopted April 1, 2026) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-03 | Yeh Jenny C | SVP & Chief Legal Officer | 1,226 | $28K | 0.5% | Yes (adopted April 1, 2026) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-01 | Hamamatsu Shigeyuki | SVP & Chief Financial Officer | 4,807 | $107K | 2.7% | Yes | Too little history (no open-market trades in 2023) |
| 2026-08-27 | Yeh Jenny C | SVP & Chief Legal Officer | 20,966 | $504K | 8.1% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-28 | Yeh Jenny C | SVP & Chief Legal Officer | 1,757 | $39K | 0.7% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-16 | Yeh Jenny C | SVP & Chief Legal Officer | 1,762 | $37K | 0.7% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-10 | Stang Eric B | CEO and Pres. | 23,212 | $464K | 1.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-07 | Yeh Jenny C | SVP & Chief Legal Officer | 2,481 | $50K | 0.9% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-01 | Yeh Jenny C | SVP & Chief Legal Officer | 12,840 | $251K | 4.6% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-24 | Stang Eric B | CEO and Pres. | 27,666 | $512K | 1.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-24 | Mann Russell | Director | 20,000 | $367K | 14.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-10 | Pearce William D | Director | 3,000 | $54K | 1.6% | No | Too little history (no open-market trades in 2025) |
| 2026-06-02 | Hamamatsu Shigeyuki | Chief Financial Officer | 27,696 | $489K | 12.5% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.14 on a 1–5 scale), 7 analysts; mean target USD 26.8 (low 25, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Freedom Broker | Target raised | Buy | $24 → $25 |
| 2026-08-27 | B. Riley Securities | Target raised | Buy | $24 → $27 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +75.5% | -1.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +75.8% | -0.3% |
| Volatility (annualized) | 45.4% | 36.4% |
| Max drawdown | -15.8% (Sep 2026→Oct 2026) | -70.2% (Oct 2021→Apr 2024) |

## Peers (Software - Application)
APPF (AppFolio, Inc.) USD 217.33 +0.06% · DSGX (The Descartes Systems Group Inc) USD 94 +1.74% · TTAN (ServiceTitan, Inc.) USD 85.2 +3.50% · IDCC (InterDigital, Inc.) USD 332.06 -0.78% · YMM (Full Truck Alliance Co. Ltd.) USD 8.35 -1.76% · PCOR (Procore Technologies, Inc.) USD 62.29 +2.27%

## More
Full page: https://nexqual.com/OOMA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in OOMA's own 10-K filed 2026-04-03 (https://www.sec.gov/Archives/edgar/data/1327688/000132768826000009/ooma-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Equinix (EQIX) | "We currently serve most of our customers from three separate data center facilities located in Northern California, Texas and Virginia, where we lease space from Equinix, Inc. We also lease data center space in certain c…" |
| Customer | FluentStream | "We define our Average Monthly Recurring Subscription Revenue as the average of the Monthly Recurring Subscription Revenue at the beginning and end of the measurement period. "Monthly Recurring Subscription Revenue" is de…" |
| Partner | T-Mobile (TMUS) | "We also have strategic partnerships with third parties, such as T-Mobile, which enable us to sell our services and products to certain of their customers." |
| Partner | Amazon (AMZN) | "A significant portion of our Ooma Residential and Ooma Business product sales are made through a combination of direct sales and sales through leading retailers such as Amazon, Costco.com, Best Buy and Walmart, as well a…" |
| Partner | Costco (COST) | "A significant portion of our Ooma Residential and Ooma Business product sales are made through a combination of direct sales and sales through leading retailers such as Amazon, Costco.com, Best Buy and Walmart, as well a…" |
| Partner | Best Buy (BBY) | "A significant portion of our Ooma Residential and Ooma Business product sales are made through a combination of direct sales and sales through leading retailers such as Amazon, Costco.com, Best Buy and Walmart, as well a…" |
| Partner | Walmart (WMT) | "A significant portion of our Ooma Residential and Ooma Business product sales are made through a combination of direct sales and sales through leading retailers such as Amazon, Costco.com, Best Buy and Walmart, as well a…" |
| Competitor | AT&T (T) | "We face competition from a range of companies, such as Verizon Communications Inc., Granite Telecommunications LLC, MetTel Inc., AT&T Inc. and Napco Security Technologies, Inc., as well as other service providers that bu…" |
| Competitor | Comcast (CMCSA) | "We face continued competition from established communications providers, such as Comcast Corporation, Verizon Communications Inc., AT&T Inc., Charter Communications Inc. and Rogers Communications Inc.; as well as from tr…" |
| Competitor | Verizon (VZ) | "Some of the providers of broadband internet access and high-speed mobile access, such as AT&T and Verizon, market and sell products and services to our current and potential customers that directly compete with our own o…" |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Subscription & Services Revenue | $75.6M | 90.8% | +23.6% |
| Product & Other Revenue | $7.6M | 9.2% | +46.4% |
| Total revenue | $83.2M | 100% | — |

## Company outlook (8-K filed 2026-08-26)

- "Business Outlook: For the third quarter of fiscal 2027, Ooma expects: • Total revenue in the range of $83.7 million to $84.5 million. • GAAP net income in the range of $3.1 million to $3.5 million and GAAP net income per share in the range of $0.11 to $0.12. • Non-GAAP net income in the range of $9.8 million to $10.2 million, and non-GAAP net income per share in the range of $0.34 to $0.35."
- "For the full fiscal year 2027, Ooma expects: • Total revenue in the range of $332.0 million to $333.5 million. • GAAP net income in the range of $11.9 million to $12.7 million, and GAAP net income per share in the range of $0.42 to $0.45. • Non-GAAP net income in the range of $39.5 million to $40.3 million, and non-GAAP net income per share in the range of $1.35 to $1.38."

Analysts expect $84.0M for the current quarter, -0.1% vs the guidance midpoint $84.1M. Source: https://www.sec.gov/Archives/edgar/data/1327688/000132768826000017/ooma-ex99_1.htm

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.34 | $0.32 | +7.6% | $84.0M | 7 |
| Next quarter (ends 2027-01-31) | $0.33 | $0.31 | +6.0% | $84.5M | 7 |
| Current fiscal year (ends 2027-01-31) | $1.37 | $1.31 | +4.5% | $332.9M | 7 |
| Next fiscal year (ends 2028-01-31) | $1.50 | $1.49 | +0.5% | $349.0M | 7 |