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

Omada Health, Inc. is the larger business by last-quarter revenue ($68.0M vs $36.5M, roughly 1.9× SmartRent, Inc.). Omada Health, Inc. runs the higher net margin — -4.7% vs -8.9%, a 4.2% gap on every dollar of revenue. Omada Health, Inc. produced more free cash flow last quarter ($9.6M vs $7.7M).

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.

Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.

OMDA vs SMRT — Head-to-Head

Bigger by revenue
OMDA
OMDA
1.9× larger
OMDA
$68.0M
$36.5M
SMRT
Higher net margin
OMDA
OMDA
4.2% more per $
OMDA
-4.7%
-8.9%
SMRT
More free cash flow
OMDA
OMDA
$1.9M more FCF
OMDA
$9.6M
$7.7M
SMRT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
OMDA
OMDA
SMRT
SMRT
Revenue
$68.0M
$36.5M
Net Profit
$-3.2M
$-3.2M
Gross Margin
66.3%
38.6%
Operating Margin
-3.7%
-10.9%
Net Margin
-4.7%
-8.9%
Revenue YoY
3.1%
Net Profit YoY
71.6%
EPS (diluted)
$-0.06
$-0.02

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
OMDA
OMDA
SMRT
SMRT
Q4 25
$36.5M
Q3 25
$68.0M
$36.2M
Q2 25
$61.4M
$38.3M
Q1 25
$41.3M
Q4 24
$35.4M
Q3 24
$40.5M
Q2 24
$48.5M
Q1 24
$50.5M
Net Profit
OMDA
OMDA
SMRT
SMRT
Q4 25
$-3.2M
Q3 25
$-3.2M
$-6.3M
Q2 25
$-5.3M
$-10.9M
Q1 25
$-40.2M
Q4 24
$-11.4M
Q3 24
$-9.9M
Q2 24
$-4.6M
Q1 24
$-7.7M
Gross Margin
OMDA
OMDA
SMRT
SMRT
Q4 25
38.6%
Q3 25
66.3%
26.4%
Q2 25
65.7%
33.1%
Q1 25
32.8%
Q4 24
28.7%
Q3 24
33.2%
Q2 24
35.7%
Q1 24
38.5%
Operating Margin
OMDA
OMDA
SMRT
SMRT
Q4 25
-10.9%
Q3 25
-3.7%
-19.4%
Q2 25
-7.1%
-30.5%
Q1 25
-99.9%
Q4 24
-36.6%
Q3 24
-29.0%
Q2 24
-14.3%
Q1 24
-20.1%
Net Margin
OMDA
OMDA
SMRT
SMRT
Q4 25
-8.9%
Q3 25
-4.7%
-17.3%
Q2 25
-8.7%
-28.3%
Q1 25
-97.2%
Q4 24
-32.3%
Q3 24
-24.5%
Q2 24
-9.5%
Q1 24
-15.2%
EPS (diluted)
OMDA
OMDA
SMRT
SMRT
Q4 25
$-0.02
Q3 25
$-0.06
$-0.03
Q2 25
$-0.24
$-0.06
Q1 25
$-0.21
Q4 24
$-0.06
Q3 24
$-0.05
Q2 24
$-0.02
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
OMDA
OMDA
SMRT
SMRT
Cash + ST InvestmentsLiquidity on hand
$198.6M
$104.5M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$217.3M
$232.1M
Total Assets
$287.5M
$320.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OMDA
OMDA
SMRT
SMRT
Q4 25
$104.5M
Q3 25
$198.6M
$100.0M
Q2 25
$223.1M
$105.0M
Q1 25
$125.6M
Q4 24
$142.5M
Q3 24
$163.4M
Q2 24
$187.4M
Q1 24
$204.7M
Total Debt
OMDA
OMDA
SMRT
SMRT
Q4 25
Q3 25
$0
Q2 25
$30.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
OMDA
OMDA
SMRT
SMRT
Q4 25
$232.1M
Q3 25
$217.3M
$234.4M
Q2 25
$214.2M
$238.8M
Q1 25
$250.7M
Q4 24
$289.4M
Q3 24
$305.1M
Q2 24
$329.4M
Q1 24
$333.1M
Total Assets
OMDA
OMDA
SMRT
SMRT
Q4 25
$320.9M
Q3 25
$287.5M
$335.8M
Q2 25
$303.0M
$354.0M
Q1 25
$366.1M
Q4 24
$420.2M
Q3 24
$448.6M
Q2 24
$475.3M
Q1 24
$485.5M
Debt / Equity
OMDA
OMDA
SMRT
SMRT
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
OMDA
OMDA
SMRT
SMRT
Operating Cash FlowLast quarter
$10.1M
$7.7M
Free Cash FlowOCF − Capex
$9.6M
$7.7M
FCF MarginFCF / Revenue
14.1%
21.0%
Capex IntensityCapex / Revenue
0.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OMDA
OMDA
SMRT
SMRT
Q4 25
$7.7M
Q3 25
$10.1M
$-2.1M
Q2 25
$-13.3M
$-14.9M
Q1 25
$-12.2M
Q4 24
$-12.0M
Q3 24
$-3.7M
Q2 24
$-13.9M
Q1 24
$-3.3M
Free Cash Flow
OMDA
OMDA
SMRT
SMRT
Q4 25
$7.7M
Q3 25
$9.6M
$-2.2M
Q2 25
$-13.8M
$-16.2M
Q1 25
$-14.3M
Q4 24
$-13.3M
Q3 24
$-3.9M
Q2 24
$-14.1M
Q1 24
$-3.4M
FCF Margin
OMDA
OMDA
SMRT
SMRT
Q4 25
21.0%
Q3 25
14.1%
-6.1%
Q2 25
-22.6%
-42.3%
Q1 25
-34.7%
Q4 24
-37.5%
Q3 24
-9.7%
Q2 24
-29.1%
Q1 24
-6.7%
Capex Intensity
OMDA
OMDA
SMRT
SMRT
Q4 25
0.0%
Q3 25
0.8%
0.2%
Q2 25
1.0%
3.3%
Q1 25
5.3%
Q4 24
3.5%
Q3 24
0.6%
Q2 24
0.5%
Q1 24
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

OMDA
OMDA

Services$62.9M93%
Hardware$5.1M7%

SMRT
SMRT

Hosted Services$18.1M50%
Hardware Service$12.5M34%
Smart Operations Solutions$2.6M7%
Access Control$2.0M5%
Other Smart Communities Solutions$1.3M3%

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