omcl-20260331

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________________________________________________________

FORM 10-Q


(Mark One)
☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission File No. 000-33043

OMNICELL, INC.

(Exact name of registrant as specified in its charter)


Delaware			94-3166458
(State or other jurisdiction of incorporation or organization)			(IRS Employer Identification No.)

4220 North Freeway

Fort Worth, TX 76137

(Address of registrant’s principal executive offices, including zip code)

(877) 415-9990

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.001 par value

OMCL

NASDAQ Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ý

As of April 27, 2026, there were 45,478,909 shares of the registrant’s common stock, $0.001 par value, outstanding.

Table of Contents

OMNICELL, INC.

TABLE OF CONTENTS


		Page
PART I	FINANCIAL INFORMATION

Item 1.	Condensed Consolidated Financial Statements (Unaudited)	3

	Condensed Consolidated Balance Sheets (Unaudited) as of March 31, 2026 and December 31, 2025	3

	Condensed Consolidated Statements of Operations (Unaudited) for the three months ended March 31, 2026 and 2025	4

	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the three months ended March 31, 2026 and 2025	5

	Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) for the three months ended March 31, 2026 and 2025	6

	Condensed Consolidated Statements of Cash Flows (Unaudited) for the three months ended March 31, 2026 and 2025	7

	Notes to Condensed Consolidated Financial Statements (Unaudited)	9

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27

Item 3.	Quantitative and Qualitative Disclosures about Market Risk	37

Item 4.	Controls and Procedures	38

PART II	OTHER INFORMATION	39

Item 1.	Legal Proceedings	39

Item 1A.	Risk Factors	39

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	39

Item 3.	Defaults Upon Senior Securities	39

Item 4.	Mine Safety Disclosures	39

Item 5.	Other Information	39

Item 6.	Exhibits	40

Signature		41

Table of Contents

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

OMNICELL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)


	March 31, 2026		December 31, 2025

	(In thousands, except par value)
ASSETS
Current assets:
Cash and cash equivalents	$	239,221	$	196,520
Accounts receivable and unbilled receivables, net of allowances of $7,295 and $8,868, respectively	249,797		216,858
Inventories	99,204		100,905
Prepaid expenses	33,652		33,709
Other current assets	100,429		132,077
Total current assets	722,303		680,069
Property and equipment, net	121,500		120,111
Long-term investment in sales-type leases, net	58,207		60,742
Operating lease right-of-use assets	22,954		24,366
Goodwill	737,287		737,946
Intangible assets, net	165,431		170,105
Long-term deferred tax assets	54,064		58,337
Prepaid commissions	54,812		52,840
Other long-term assets	67,549		70,204
Total assets	$	2,004,107	$	1,974,720

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	58,343	$	43,990
Accrued compensation	46,407		57,172
Accrued liabilities	166,410		203,586

Deferred revenues	211,889		171,861

Total current liabilities	483,049		476,609
Long-term deferred revenues	63,066		63,254
Long-term deferred tax liabilities	638		683
Long-term operating lease liabilities	22,659		24,794
Other long-term liabilities	10,165		9,970

Convertible senior notes, net	167,899		167,596
Total liabilities	747,476		742,906
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued	—		—
Common stock, $0.001 par value, 100,000 shares authorized; 58,283 and 57,833 shares issued; 45,477 and 45,027 shares outstanding, respectively	58		58
Treasury stock at cost, 12,806 shares outstanding	(368,307)		(368,307)
Additional paid-in capital	1,239,224		1,223,977
Retained earnings	396,298		384,940
Accumulated other comprehensive loss	(10,642)		(8,854)
Total stockholders’ equity	1,256,631		1,231,814
Total liabilities and stockholders’ equity	$	2,004,107	$	1,974,720

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Table of Contents

OMNICELL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)


	Three Months Ended March 31,
	2026		2025

	(In thousands, except per share data)
Revenues:
Product revenues	$	174,800	$	145,168
Service revenues	135,080		124,500
Total revenues	309,880		269,668
Cost of revenues:
Cost of product revenues	95,518		85,585
Cost of service revenues	73,999		73,147
Total cost of revenues	169,517		158,732
Gross profit	140,363		110,936
Operating expenses:
Research and development	21,519		20,526
Selling, general, and administrative	101,990		102,029

Total operating expenses	123,509		122,555
Income (loss) from operations	16,854		(11,619)
Interest and other income (expense), net	51		2,089
Income (loss) before income taxes	16,905		(9,530)
Provision for (benefit from) income taxes	5,547		(2,507)
Net income (loss)	$	11,358	$	(7,023)
Net income (loss) per share:
Basic	$	0.25	$	(0.15)

Diluted	$	0.25	$	(0.15)
Weighted-average shares outstanding:
Basic	45,323		46,596
Diluted	45,943		46,596

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Table of Contents

OMNICELL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)


	Three Months Ended March 31,
	2026		2025

	(In thousands)
Net income (loss)	$	11,358	$	(7,023)
Other comprehensive income (loss):

Foreign currency translation adjustments	(1,788)		3,388
Other comprehensive income (loss)	(1,788)		3,388
Comprehensive income (loss)	$	9,570	$	(3,635)

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Table of Contents

OMNICELL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)


	Common Stock			Treasury Stock			Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Stockholders’ Equity
	Shares	Amount		Shares	Amount

	(In thousands)
Balances as of December 31, 2025	57,833	$	58	(12,806)	$	(368,307)	$	1,223,977	$	384,940	$	(8,854)	$	1,231,814
Net income	—	—		—	—		—		11,358		—		11,358
Other comprehensive loss	—	—		—	—		—		—		(1,788)		(1,788)
Share-based compensation	—	—		—	—		10,088		—		—		10,088
Issuance of common stock under employee stock plans	450	—		—	—		7,762		—		—		7,762
Tax payments related to restricted stock units	—	—		—	—		(2,603)		—		—		(2,603)
Balances as of March 31, 2026	58,283	$	58	(12,806)	$	(368,307)	$	1,239,224	$	396,298	$	(10,642)	$	1,256,631


	Common Stock			Treasury Stock			Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Stockholders’ Equity
	Shares	Amount		Shares	Amount

	(In thousands)
Balances as of December 31, 2024	56,665	$	57	(10,283)	$	(290,319)	$	1,167,882	$	382,888	$	(17,195)	$	1,243,313
Net loss	—	—		—	—		—		(7,023)		—		(7,023)
Other comprehensive income	—	—		—

SEC Form 10-Q filed by Omnicell Inc.