OmniAb, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on October 30, 2026, reporting a net loss of $15,728 thousand for the third quarter and total revenue of $3,993 thousand for the same period.

Key Highlights

  • Q3 2026 net loss: $15,728 thousand, compared to a net loss of $16,525 thousand in Q3 2025, according to the filing.
  • Nine-month net loss improved: Net loss for the nine months ended September 30, 2026 was $29,294 thousand, versus $50,600 thousand for the same period in 2025.
  • Q3 2026 total revenue: $3,993 thousand, up from $2,239 thousand in Q3 2025, driven primarily by service revenue of $2,835 thousand.
  • Nine-month license and milestone revenue: $21,640 thousand for the nine months ended September 30, 2026, compared to $3,879 thousand in the comparable prior-year period.
  • Cash and short-term investments: $22,883 thousand in cash and cash equivalents plus $41,327 thousand in short-term investments as of September 30, 2026.
  • Shares outstanding: 145,860,318 shares of common stock outstanding as of October 23, 2026, the filing disclosed.
  • Accumulated deficit: $195,473 thousand as of September 30, 2026, up from $166,179 thousand at December 31, 2025.

OmniAb Reports Q3 2026 Financial Results and Balance Sheet Position

According to the filing, OmniAb, Inc. (NASDAQ:OABI) reported total revenue of $3,993 thousand for the three months ended September 30, 2026, compared to $2,239 thousand in the prior-year quarter. The increase was led by service revenue of $2,835 thousand, up from $1,188 thousand in Q3 2025. License and milestone revenue declined to $100 thousand in Q3 2026 from $616 thousand in Q3 2025, while xPloration revenue was $703 thousand versus $74 thousand a year earlier. Royalty revenue was essentially flat at $355 thousand compared to $361 thousand.

For the nine months ended September 30, 2026, the company reported total revenue of $31,835 thousand, up from $10,290 thousand in the comparable 2025 period. License and milestone revenue was the primary driver, reaching $21,640 thousand for the nine-month period versus $3,879 thousand in the prior year. Total costs and operating expenses for the nine months were $62,669 thousand, resulting in a loss from operations of $30,834 thousand, compared to a loss from operations of $53,203 thousand in the nine months ended September 30, 2025, the filing stated.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $290,920 thousand and total liabilities of $41,760 thousand, yielding total stockholders' equity of $249,160 thousand. Intangible assets, net, stood at $113,015 thousand and goodwill at $83,979 thousand. Long-term deferred revenue of $9,735 thousand appeared on the September 30, 2026 balance sheet, compared to zero at December 31, 2025. Share-based compensation for the nine months ended September 30, 2026 totaled $9,557 thousand in aggregate across the three quarters, as reflected in the stockholders' equity statements. The company reported basic and diluted net loss per share of $0.12 for Q3 2026, compared to $0.14 in Q3 2025.

What Was Disclosed

OmniAb filed its Form 10-Q for the quarter ended September 30, 2026, disclosing a Q3 net loss of $15,728 thousand on total revenue of $3,993 thousand, total assets of $290,920 thousand, and 145,860,318 shares outstanding as of October 23, 2026.