Chronic care startup Omada Health files to go public

# Omada Health Files for IPO:
Chronic Care Management Platform Goes Public

Omada Health filed an S-1 with the SEC on Friday, May 9, 2025, to go public under the ticker symbol OMDA13
Founded in 2011, Omada started with prediabetes management but expanded to include diabetes, cardiometabolic health, hypertension, and musculoskeletal conditions1
The company reported $169.8 million in revenue for 2024, up 38% from $122.8 million in 202313
First-quarter 2025 revenue was $55 million, representing a 57% increase from the same period last year3
Despite revenue growth, Omada reported net losses of $47.1 million for 2024 and $9.4 million for Q1 2025, though losses are narrowing compared to previous periods13
Based in San Francisco, Omada offers virtual care programs delivered through employers, health plans, and health systems3
The company has over 2,000 customers and more than 679,000 members as of Q1 20253
Omada is the second digital health company to seek an IPO this year, following Hinge Health's filing in March 202514

Sources:

1. https://www.mobihealthnews.com/news/omada-health-files-go-pubic

3. https://techstartups.com/2025/05/12/virtual-care-startup-omada-health-files-to-go-public-amid-ipo-drought/

4. https://digitalhealthwire.com/chronic-care-startup-omada-files-for-ipo/