Ooma(OOMA) - 2026 Q3 - Quarterly Results

Financial Performance - Total revenue for Q3 fiscal 2026 was $67.6 million, representing a 4% year-over-year increase[6] - Non-GAAP net income was $7.7 million, or $0.27 per diluted share, compared to $4.6 million, or $0.17 per diluted share in the prior year[6] - Adjusted EBITDA reached a record $8.6 million, growing 50% year-over-year from $5.7 million[6] - Total revenue for the three months ended October 31, 2025, was $67.625 million, a 3.84% increase from $65.127 million in the same period of 2024[25] - Subscription and services revenue increased to $61.953 million, up from $60.135 million year-over-year, representing a growth of 3.02%[25] - Net income for the three months ended October 31, 2025, was $1.393 million, compared to a net loss of $2.364 million in the same quarter of 2024[27] - Non-GAAP net income for the three months ended October 31, 2025, was $7.667 million, up from $4.561 million in the prior year[28] - The company reported a basic net income per share of $0.05 for the three months ended October 31, 2025, compared to a loss of $0.09 per share in the same period of 2024[25] - Total operating income for the three months ended October 31, 2025, was $1.292 million, a significant improvement from an operating loss of $2.286 million in the prior year[28] - Adjusted EBITDA for the nine months ended October 31, 2025, was $22.417 million, compared to $16.344 million in the same period of 2024, indicating a strong operational performance[28] Revenue Projections - The company expects total revenue for Q4 fiscal 2026 to be in the range of $71.3 million to $71.9 million, including an expected contribution from FluentStream of $4.0 million to $4.1 million[7] - For the full fiscal year 2026, total revenue is projected to be between $270.3 million and $270.9 million, with FluentStream contributing $4.0 million to $4.1 million[7] Acquisitions - The company completed the acquisition of FluentStream and is on track to complete the acquisition of Phone.com in late December[4] Cash and Assets - Ooma's cash and cash equivalents increased to $21.7 million as of October 31, 2025, up from $17.9 million at the beginning of the fiscal year[22] - Total assets as of October 31, 2025, were $152.7 million, compared to $149.2 million at the beginning of the fiscal year[22] Operating Expenses - Operating expenses decreased to $39.437 million from $41.556 million year-over-year, a reduction of 5.1%[25] - Gross profit for the three months ended October 31, 2025, was $40.729 million, compared to $39.270 million in the prior year, reflecting a gross margin of 60%[28]