OOMA
Ooma, Inc.
OOMA's fundamentals are strong: revenue grew 17% and its operating margin went from −0.7% to 3.6%. At 47x earnings, it's trading below its usual 68x. Analysts expect earnings growth.
OOMA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
OOMA's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
OOMA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $18.39 | — |
| Current | 47x | $18.39 | — |
| Cheap | 54x | $21.02 | +14% |
| Fair | 67x | $26.21 | +43% |
| Expensive | 163x | $63.54 | +246% |
Historical ranges are pointers, not guarantees.
OOMA's PE is in its cheap range at 47x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
OOMA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for OOMA, with profitability holding steady.
OOMA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.41 | +262% |
| Q3 2026 | $0.39 | +$0.46 |
| Q2 2026 | $0.33 | +$0.52 |
| Q1 2026 | $0.23 | +$0.49 |
| Q4 2025 | $0.07 | +$0.44 |
| Q3 2025 | -$0.07 | +$0.12 |
| Q2 2025 | -$0.19 | -$0.09 |
| Q1 2025 | -$0.26 | -$0.23 |
| Q4 2024 | -$0.37 | -629% |
OOMA has returned to profit: it earned $0.39 per share over the past year, after losing money the year before.
OOMA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $83.2M | +25% |
| Q2 2026 | $81.1M | +25% |
| Q1 2026 | $74.6M | +15% |
| Q4 2025 | $67.6M | +3.8% |
| Q3 2025 | $66.4M | +3.5% |
| Q2 2025 | $65M | +4% |
| Q1 2025 | $65.1M | +5.5% |
| Q4 2024 | $65.1M | +8.8% |
OOMA's revenue has grown year over year every quarter since late 2020: $83M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.8% | +3.4 points |
| Q2 2026 | 4.3% | +4.4 points |
| Q1 2026 | 2.8% | +3.3 points |
| Q4 2025 | 1.9% | +5.4 points |
| Q3 2025 | 1.4% | +3.9 points |
| Q2 2025 | -0.1% | +4.3 points |
| Q1 2025 | -0.5% | +3.4 points |
| Q4 2024 | -3.5% | -1.8 points |
OOMA's operating margin was 4.8% last quarter, up 3.4 points from the same quarter a year ago, near the top of its range since 2019.
OOMA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.8M | +114% |
| Q2 2026 | $4.9M | +99% |
| Q1 2026 | $9.1M | +48% |
| Q4 2025 | $5.4M | -17% |
| Q3 2025 | $5M | -5.5% |
| Q2 2025 | $2.5M | +16% |
| Q1 2025 | $6.1M | +45% |
| Q4 2024 | $6.5M | +1060% |
OOMA generated $30M in free cash flow over the past year, up 50% from the year before.
OOMA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.8% | +780K shares |
| 1 year | +2.7% | +752K shares |
| 3 years | +11% | +2.9M shares |
| 5 years | +24% | +5.5M shares |
| Available history | +36% | +7.6M shares |
OOMA has 29M diluted shares, up 2.7% from a year ago, despite $12M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.5M |
| Q2 2026 | $3.3M |
| Q1 2026 | $3.4M |
| Q4 2025 | $2.8M |
| Q3 2025 | $3.2M |
| Q2 2025 | $2.2M |
| Q1 2025 | $2.4M |
| Q4 2024 | $1.2M |
OOMA spent $12M buying back its own shares over the past year, up 33% from the year before.
OOMA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 4.4x | High |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -7.9x | Net Cash |
| Q1 2024 | -4.9x | Net Cash |
| Q4 2023 | -0.4x | Net Cash |
| Q3 2023 | -108.9x | Net Cash |
OOMA's net debt is about 1.8 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
OOMA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 9.8 | Oversold |
OOMA's weekly RSI is 44 (neutral) and its Stochastic is 10 (oversold).
OOMA PE vs Communication Services Sector
| Metric | OOMA | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 16x | 186% above |
| PE % | 2 | 26 | 24 pts below |
OOMA is trading at 47x earnings, a 186% premium to the Communication Services sector's median of 16x.
OOMA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.8 | 7.1% below |
| 20 week MA | $20.9 | 12% below |
| 50 week MA | $17.0 | 8.4% above |
| 100 week MA | $14.9 | 24% above |
| 200 week MA | $13.2 | 39% above |
OOMA has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 39% above its 200-week average.
OOMA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.3 | $14.4 | +8.3% |
| 2021 | $14.4 | $20.3 | +41% |
| 2022 | $20.3 | $13.7 | -33% |
| 2023 | $13.7 | $10.7 | -22% |
| 2024 | $10.7 | $14.3 | +33% |
| 2025 | $14.3 | $11.6 | -19% |
| 2026 YTD | $11.6 | $18.4 | +59% |
OOMA is up 59% so far in 2026, after finishing lower in three of the previous six years.