Financial Data and Key Metrics Changes - Total members increased by 52% year over year to 752,000 [4][17] - Revenue rose by 49% year over year to $61 million [5][34] - GAAP gross margin improved to 66% from 60% year over year, while non-GAAP gross margin reached 68% [5][35] - GAAP net loss narrowed to $5 million compared to $11 million in Q2 2024 [5][39] - Adjusted EBITDA loss was $200,000, significantly improved from a $7 million loss in Q2 2024 [5][39] Business Line Data and Key Metrics Changes - Member growth was driven by strong sales of GLP-1 offerings and multi-condition adoption [17][34] - The GLP-1 CareTrack program showed significant growth, contributing to overall member increases [53][54] Market Data and Key Metrics Changes - The total addressable market is estimated to be over $135 billion, with only 14% penetration in self-insured lives and 1% in Medicare Advantage [13][22] - Existing health plan partners cover approximately 156 million lives, representing a significant growth opportunity [22][23] Company Strategy and Development Direction - The company focuses on a multi-condition platform rather than point solutions, which has become a key differentiator [20][31] - Innovation is a strategic pillar, with recent launches like Omada Spark, an AI agent for member support [24][28] - The company aims to leverage AI to enhance member engagement and operational efficiency [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing momentum and the potential for growth in the GLP-1 landscape [66][88] - The company is focused on balancing growth and profitability, with strategic investments planned for the second half of the year [66][67] Other Important Information - The company ended Q2 with cash and equivalents of $223 million, a significant increase from $59 million in Q1 2025 [40] - Total debt was $31 million, which was paid off after the quarter [41] Q&A Session Summary Question: How is technology being leveraged to scale the platform? - Management highlighted the integration of AI technologies to enhance member experience and care team efficiency, with positive early data on member engagement [44][48] Question: What is the current status of the GLP-1 CareTrack program? - The program is experiencing significant growth, although it still represents a minority of total membership [53][54] Question: What is driving member growth? - Growth is attributed to successful upselling, improved outreach productivity, and the effectiveness of multi-channel marketing [60][62] Question: How does the company balance growth and profitability? - The company plans to make targeted investments while maintaining a focus on profitability, especially in the GLP-1 and AI sectors [66][67] Question: What is the competitive landscape like? - The company sees strong engagement and clinical outcomes as key differentiators in a competitive market, with a focus on proactive care and clinical evidence [75][76]