NASDAQ$ODD
Oddity Tech Ltd · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Oddity Tech Ltd reported Q1 2026 results with revenue declining 26% year-over-year amid higher customer acquisition costs.
Oddity Tech Ltd (ODD) announced its Q1 2026 financial results on June 2, 2026, showing net revenue of $197.9 million, down 26% from $268.1 million in Q1 2025, exceeding the company's prior guidance for an approximately 30% decline. The company reported a net loss of $21.4 million and adjusted net loss of $9.8 million, with adjusted EBITDA at a loss of $7.0 million. Strong liquidity was maintained with $667.4 million in cash, cash equivalents, and investments, and the company repurchased shares under a new $200 million buyback program.
- Net revenue of $197.9 million exceeded guidance for ~30% YoY decline, coming in at 26% lower than Q1 2025.
- Adjusted EBITDA loss of $7.0 million and adjusted net loss of $9.8 million driven by elevated customer acquisition costs and lower media efficiency.
- Gross margin compressed to 69.7% from 74.9% due to product mix, lower AOV, and remediation activities.
- Q2 2026 revenue expected to decline 25-30% YoY with adjusted EBITDA of $8-10 million; full-year adjusted EBITDA expected to be positive.
Headline financials
Revenue & EPS history
Oddity Tech · Revenue · Quarterly
$198M
Revenue by segment
Oddity Tech · $148M total across 2 segments · Q3 2025
- Online direct-to-consumer$140M—95.0%
- Other (Israel retail, affiliates)$7.44M—5.0%
Forward guidance
Q2 2026 net revenue expected to decline 25-30% YoY; adjusted EBITDA $8-10 million. Full year 2026 adjusted EBITDA expected positive.
Tailwinds
- Progress on remediation of ad account signals with CPA improvement in May.
- Exceeded Q1 revenue guidance.
- Strong liquidity and share buyback activity.
Headwinds
- Continued impact from elevated CPA on revenue and margins.
- Expected negative effect on repeat business from lower Q1 first orders.
- Gross margin compression and operating deleverage.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports · overlaid with Q1 2026
-9.5%
Avg return
Earnings day
-6.1%
Avg return
5 days after
-7.8%
Avg return
30 days after
27%
3 / 11 earnings
Positive
+7.8%
Q2 2023
Best reaction
-49.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -29.4% | -29.9% | — | |
| Q4 2025 | -49.3% | -4.2% | +7.5% | |
| Q3 2025 | +6.6% | +11.1% | +12.4% | |
| Q2 2025 | -21.9% | -21.4% | -16.1% | |
| Q4 2024 | -0.4% | -0.3% | -5.7% | |
| Q2 2024 | -6.2% | -7.6% | -17.8% | |
| Q4 2021 | -5.3% | -1.2% | -20.1% | |
| Q4 2022 | -5.3% | -1.2% | -20.1% | |
| Q4 2023 | -5.6% | -3.3% | -21.6% | |
| Q3 2023 | +3.9% | -0.8% | +31.7% | |
| Q2 2023 | +7.8% | -8.8% | -27.9% | |
| Q1 2023 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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