Ooma Inc. (OOMA) intrinsic value & 10-year financials

Ooma Inc. (OOMA) has a Graham intrinsic value of $4.86 per share. At $19.72 on Oct 17, 2026, the stock trades 306% above that value. Over the last 10 fiscal years revenue grew 11.3% a year to $273.6M, with an average return on invested capital of -23.4%.

Graham intrinsic value
$4.86
Share price (Oct 17, 2026)
$19.72
Price vs Graham value
306% above
Market cap
$554.5M
Revenue (FY2026)
$273.6M
Revenue growth (10-yr CAGR)
11.3%
ROIC (10-yr avg)
-23.4%
Free cash flow (FY2026)
$22.1M

OOMA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $273.6M $6.5M $0.23 $22.1M 1.6% 3.8%
FY2025 $256.9M -$6.9M -$0.26 $20.2M -2.7% -8.2%
FY2024 $236.7M -$835.0K -$0.03 $6.1M -1.7% -2.9%
FY2023 $216.2M -$3.7M -$0.15 $3.6M -2.7% -8.4%
FY2022 $192.3M -$1.8M -$0.07 $2.5M -1.0% -5.2%
FY2021 $168.9M -$2.4M -$0.11 $1.2M -1.6% -11.8%
FY2020 $151.6M -$18.8M — -$10.8M -13.0% -89.4%
FY2019 $129.2M -$14.6M — -$5.8M -12.2% -43.9%
FY2018 $114.5M -$13.1M — $695.0K -12.0% -35.7%
FY2017 $104.5M -$12.9M — -$1.2M -12.7% -32.5%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

OOMA INC is a consistent compounder, expanding top-line revenue at 11.3% annually over the past decade.

OOMA INC has historically struggled to out-earn its cost of capital, averaging just -23.4% ROIC.

OOMA INC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, OOMA INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.86 per share.

OOMA stock: frequently asked questions

What is the intrinsic value of Ooma Inc. (OOMA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, OOMA's intrinsic value is about $4.86 per share.

Is OOMA stock undervalued?

At $19.72 (close on Oct 17, 2026), OOMA trades 306% above its Graham value of $4.86. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Ooma Inc. grown?

Revenue went from $104.5M in fiscal 2017 to $273.6M in fiscal 2026, a compound annual growth rate of 11.3%. Net income was $6.5M in fiscal 2026.

Does Ooma Inc. generate free cash flow?

Ooma Inc. generated $22.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 7 of the last 10 reported years.

What is OOMA's return on invested capital?

Average ROIC over the last 10 fiscal years was -23.4%, and average return on equity was -18.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this OOMA data come from?

From Ooma Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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