OmniAb Reports Q3 2026 Results and Raises Guidance

Biotechnology
Biotechnology
Earnings
Earnings
Merger:
Nov 02, 2022
Industry:
COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH
Market Cap.:
677.52 m.

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OmniAb Reports Third Quarter 2026 Financial Results and Raises Full Year Guidance

Emeryville, California, USA - OmniAb, Inc. (NASDAQ: OABI), a provider of cutting-edge discovery research technology, reported its financial results for the third quarter ended September 30, 2026, and raised its full-year financial guidance.

Financial Results

For the third quarter of 2026, total revenue reached $4.0 million compared to $2.2 million for the same period in 2025. The growth was primarily driven by increases in service revenue and xPloration revenue. Net loss for the quarter stood at $15.7 million, or $0.12 per share, compared to a net loss of $16.5 million, or $0.14 per share, in the prior-year period. As of September 30, 2026, the company held $64.2 million in cash, cash equivalents, and short-term investments.

    Financial Highlights

  • Revenue increased to $4.0 million in Q3 2026 from $2.2 million in Q3 2025.
  • Nine-month revenue reached $31.8 million compared to $10.3 million in 2025.
  • Cash, cash equivalents, and short-term investments totaled $64.2 million at the end of the quarter.

Guidance Update

Driven by strong business momentum and licensing execution, OmniAb raised its full-year 2026 revenue guidance to a range of $35 million to $39 million, up from the previous range of $32 million to $36 million. The company also adjusted its cash costs and operating expenses guidance to $50 million to $54 million and expects to end the year with cash and cash equivalents between $53 million and $57 million.

About OmniAb, Inc.

OmniAb licenses cutting edge discovery research technology to pharmaceutical and biotech companies and academic institutions to enable the discovery of next-generation therapeutics. Our technology platform creates and screens diverse antibody repertoires and is designed to quickly identify optimal antibodies and other target-binding proteins for our partners’ drug development efforts. At the heart of the OmniAb platform is something we call Biological Intelligence™, which powers the immune systems of our proprietary, engineered transgenic animals to create optimized antibody candidates for human therapeutics. We believe the OmniAb animals comprise the most diverse host systems available in the industry. Our suite of technologies and methods, including computational antigen design and immunization methods, paired with high-throughput single B cell phenotypic screening and mining of next-generation sequencing datasets with custom algorithms, is used to identify fully-human antibodies with exceptional performance and developability characteristics. We provide our partners both integrated end-to-end capabilities and highly customizable offerings, which address critical industry challenges and provide optimized discovery solutions. Our business model aligns scientific and economic interests of our partners through structured agreements that generally include upfront/access fees, service revenue, milestones and royalties on commercial sales. For more information, please visit www.omniab.com.

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