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OOMA INC

CIK: 13276882 Annual ReportsLatest: 2025-04-01

10-K / April 1, 2025

Revenue:$256,900,000
Income:-$6,901,000

10-K / April 2, 2024

Revenue:$236,737,000
Income:-$835,000

10-K / April 1, 2025

Company Summary: Ooma, Inc.

Business Overview

  • Core Focus: Provides communications services and related technologies for both business and residential customers through SaaS (Software-as-a-Service) and unified communications platforms.
  • Primary Markets: U.S. and Canada, with limited international offerings.
  • Service Elements: Multi-tenant cloud service, on-premise devices, desktop and mobile applications, calling platforms.

Business Solutions and Products

Ooma Business

  • Services Offered:
    • Cloud-based multi-user communication systems
    • Features like messaging, virtual attendants, video conferencing
    • IT/enterprise solutions such as Ooma Office, Ooma Enterprise, AirDial, 2600Hz (CPaaS/CCaaS), OnSIP
    • Fixed wireless internet via Ooma Connect
  • Customer Base:
    • As of January 31, 2025:
      • Core users: 1,234,000 total
      • Breakdown: Approximately 41% are business users, 59% residential
  • Revenue:
    • Total revenue for fiscal 2025: $256.9 million (up 8% YoY)
    • Subscription & services revenue: $238.6 million (up 8%)
    • Product & other revenue: $18.2 million (up 20%)
  • Key Features of Solutions:
    • Variants of plans for Ooma Office (Essentials, Pro, Pro Plus)
    • Meeting software, call recording, analytics, integration with major platforms
    • AirDial for POTS replacement
    • UCaaS platforms with API support, call center capabilities
    • Direct routing for Microsoft Teams

Ooma Residential

  • Services Provided:
    • High-definition voice with PureVoice technology
    • Home phone solutions: Ooma Telo (home device and number transfer), Telo Air (Wi-Fi connected), LTE (battery backup)
    • Mobile app Talkatone: free calls/texts within US/Canada via Wi-Fi or data
    • Premium features: call blocking, international calling, voicemail transcription
  • Customer Base:
    • Household and individual users in the U.S. and Canada
    • Total users as of January 31, 2025: 1,234,000
  • Revenue: Not specified separately for residential, but significant portion of overall revenue

Employees & Contractors

  • Total as of January 31, 2025: 1,186 (primarily in U.S., Philippines, Canada)
  • No employees are part of a union

Revenue & Financial Highlights (Fiscal Year 2025)

  • Total Revenue: $256.9 million (up 8% YoY)
  • Net Loss (GAAP): $6.9 million (improved from $0.8 million loss in 2024)
  • Non-GAAP Net Income: $18.0 million (up from $15.4 million)
  • Adjusted EBITDA: $23.3 million (9% of revenue)
  • Cash & Equivalents: $17.9 million (up from $17.5 million in 2024)
  • Debt: No outstanding debt as of January 31, 2025

Market & Growth:

  • Customer Retention: Net dollar subscription retention rate approximately 98-99% over recent years
  • Market Position: Competes with established telecom providers and cloud-based services; growth driven by customer expansion, new product features, and acquisitions like 2600Hz and OnSIP.

Summary:
Ooma, Inc. provides cloud-based communication solutions for businesses of all sizes and residential consumers, with notable solutions including VoIP phone systems, UCaaS platforms, POTS replacements, and residential home phone services. It has over 1.2 million active core users and generated $256.9 million in revenue in FY2025, with a net loss of $6.9 million but positive cash flow from operations. The company employs approximately 1,186 people across North America and the Philippines, and continues to expand its offerings and user base primarily in North America.