Ooma Inc. Reports Record Growth, Positive Outlook Despite Minor Setbacks

Ooma Inc. reported Q2 revenue of $66.4 million, a record non-GAAP net income of $500,000, and a record adjusted EBITDA of $7.2 million. The company experienced significant growth in its Airdial segment, with doubled bookings compared to last year and the largest customer win to date. Business subscription and services revenue increased 66% year-over-year, while residential subscription revenue declined 2%. Ooma generated $6.4 million in operating cash flow and $5 million in free cash flow, investing $4.5 million in share buybacks. The company projects Q3 revenue between $67.2 million and $67.9 million and fiscal year 2026 revenue between $267 million and $270 million.