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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Omada Health, Inc. (OMDA). Click either name above to swap in a different company.

Omada Health, Inc. is the larger business by last-quarter revenue ($68.0M vs $55.5M, roughly 1.2× MFA FINANCIAL, INC.).

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

Omada Health, Inc. is a leading US-based digital chronic care management company. It offers evidence-based, personalized care programs for conditions including type 2 diabetes, hypertension, musculoskeletal disorders and mental health concerns, serving employers, health plans and health system clients across the United States, paired with professional coaching and digital tracking tools to support sustained member health improvements.

MFA vs OMDA — Head-to-Head

Bigger by revenue
OMDA
OMDA
1.2× larger
OMDA
$68.0M
$55.5M
MFA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MFA
MFA
OMDA
OMDA
Revenue
$55.5M
$68.0M
Net Profit
$-3.2M
Gross Margin
66.3%
Operating Margin
97.9%
-3.7%
Net Margin
-4.7%
Revenue YoY
9.2%
Net Profit YoY
EPS (diluted)
$0.43
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MFA
MFA
OMDA
OMDA
Q4 25
$55.5M
Q3 25
$56.8M
$68.0M
Q2 25
$61.3M
$61.4M
Q1 25
$57.5M
Q4 24
$50.8M
Q3 24
$50.6M
Q2 24
$53.5M
Q1 24
$47.8M
Net Profit
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
$48.1M
$-3.2M
Q2 25
$33.2M
$-5.3M
Q1 25
$41.2M
Q4 24
Q3 24
$48.2M
Q2 24
$41.9M
Q1 24
$23.2M
Gross Margin
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
66.3%
Q2 25
65.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MFA
MFA
OMDA
OMDA
Q4 25
97.9%
Q3 25
84.5%
-3.7%
Q2 25
54.5%
-7.1%
Q1 25
70.0%
Q4 24
6.8%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
84.7%
-4.7%
Q2 25
54.2%
-8.7%
Q1 25
71.6%
Q4 24
Q3 24
95.2%
Q2 24
78.4%
Q1 24
48.5%
EPS (diluted)
MFA
MFA
OMDA
OMDA
Q4 25
$0.43
Q3 25
$0.35
$-0.06
Q2 25
$0.21
$-0.24
Q1 25
$0.31
Q4 24
$-0.01
Q3 24
$0.37
Q2 24
$0.32
Q1 24
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MFA
MFA
OMDA
OMDA
Cash + ST InvestmentsLiquidity on hand
$213.2M
$198.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$1.8B
$217.3M
Total Assets
$13.0B
$287.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
OMDA
OMDA
Q4 25
$213.2M
Q3 25
$305.2M
$198.6M
Q2 25
$275.7M
$223.1M
Q1 25
$253.7M
Q4 24
$338.9M
Q3 24
$305.6M
Q2 24
$289.4M
Q1 24
$306.3M
Total Debt
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
$0
Q2 25
$30.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MFA
MFA
OMDA
OMDA
Q4 25
$1.8B
Q3 25
$1.8B
$217.3M
Q2 25
$1.8B
$214.2M
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
MFA
MFA
OMDA
OMDA
Q4 25
$13.0B
Q3 25
$12.1B
$287.5M
Q2 25
$11.7B
$303.0M
Q1 25
$11.5B
Q4 24
$11.4B
Q3 24
$11.2B
Q2 24
$11.1B
Q1 24
$10.9B
Debt / Equity
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
0.00×
Q2 25
0.14×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MFA
MFA
OMDA
OMDA
Operating Cash FlowLast quarter
$76.2M
$10.1M
Free Cash FlowOCF − Capex
$9.6M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
OMDA
OMDA
Q4 25
$76.2M
Q3 25
$14.7M
$10.1M
Q2 25
$38.5M
$-13.3M
Q1 25
$-14.6M
Q4 24
$200.1M
Q3 24
$-11.3M
Q2 24
$46.5M
Q1 24
$53.5M
Free Cash Flow
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
$9.6M
Q2 25
$-13.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
14.1%
Q2 25
-22.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
0.8%
Q2 25
1.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
MFA
MFA
OMDA
OMDA
Q4 25
Q3 25
0.31×
Q2 25
1.16×
Q1 25
-0.35×
Q4 24
Q3 24
-0.23×
Q2 24
1.11×
Q1 24
2.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MFA
MFA

Segment breakdown not available.

OMDA
OMDA

Services$62.9M93%
Hardware$5.1M7%

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