Private company

Olo Inc.

Business services company that raised $103.3 million in 2021 (SEC Form D). Summary from the record

Last updated Oct 19, 2026.

Overview

$284.9MRevenue, fiscal 20242
-$897.0KNet income, fiscal 20242
  • IndustryServices-Business Services, NEC1
  • HeadquartersNew York, New York1
  • Business address285 Fulton Street, One World Trade Center, 82Nd Floor, New York, Ny 100073
  • Filer categoryAccelerated filer3
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

54.9%Gross margin2
-6.7%Operating margin2
-0.3%Net margin2
24.8%Revenue growth, 20242
-0.1%Return on equity2
$38.8MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue45¢$128.5M
  • Research and development24¢$68.5M
  • Other costs31¢$87.0M
  • Income tax0¢$958.0K

Out of $284.9M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending2¢$883.0K
  • Share buybacks56¢$22.2M
  • Kept or used elsewhere42¢$16.6M

Out of $39.7M of cash from operations.2

Financial statements

Revenue4562$284.9M in 2024+462% since 2019
0$100.0M$200.0M$300.0M2019: $50.7M$50.7M20192020: $98.4M$98.4M2020+94%2021: $149.4M$149.4M2021+52%2022: $185.4M$185.4M2022+24%2023: $228.3M$228.3M2023+23%2024: $284.9M$284.9M2024+25%
Gross profit4562$156.4M in 2024+346% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $35.1M$35.1M20192020: $79.8M$79.8M2020+127%2021: $118.0M$118.0M2021+48%2022: $126.9M$126.9M2022+8%2023: $139.0M$139.0M2023+9%2024: $156.4M$156.4M2024+13%
Operating income4562-$19.1M in 2024+276% since 2019
-$100.0M-$75.0M-$50.0M-$25.0M0$25.0M2019: -$5.1M-$5.1M20192020: $16.1M$16.1M20202021: -$28.0M-$28.0M20212022: -$51.7M-$51.7M2022+85%2023: -$75.1M-$75.1M2023+45%2024: -$19.1M-$19.1M2024−75%
Net income4562-$897.0K in 2024−89% since 2019
-$60.0M-$40.0M-$20.0M0$20.0M2019: -$8.3M-$8.3M20192020: $3.1M$3.1M20202021: -$42.3M-$42.3M20212022: -$46.0M-$46.0M2022+9%2023: -$58.3M-$58.3M2023+27%2024: -$897.0K-$897.0K2024−98%
Fiscal year2018201920202021202220232024
Revenue$50.7M4$98.4M5$149.4M6$185.4M2$228.3M2$284.9M2
Cost of revenue$15.6M4$18.7M5$31.4M6$58.5M2$89.3M2$128.5M2
Gross profit$35.1M4$79.8M5$118.0M6$126.9M2$139.0M2$156.4M2
Research and development$21.7M4$32.9M5$59.7M6$74.2M2$73.9M2$68.5M2
Operating expenses$146.0M6$178.6M2$214.1M2$175.6M2
Operating income-$5.1M4$16.1M5-$28.0M6-$51.7M2-$75.1M2-$19.1M2
Interest$219.0K4$157.0K5$06$185.0K6$208.0K6
Income before tax-$46.8M6-$47.2M2-$58.1M2$61.0K2
Income tax$26.0K4$189.0K5-$4.6M6-$1.3M2$229.0K2$958.0K2
Net income-$8.3M4$3.1M5-$42.3M6-$46.0M2-$58.3M2-$897.0K2
Earnings per share-$0.484$0.005-$0.346-$0.282-$0.362-$0.012
Earnings per share (diluted)-$0.484$0.005-$0.346-$0.282-$0.362-$0.012
Shares (weighted, basic)123.8M shares6161.3M shares2163.0M shares2162.6M shares2
Shares (weighted, diluted)123.8M shares6161.3M shares2163.0M shares2162.6M shares2

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Leadership

Who has led Olo Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Peter J. Benevides2021–now

Chief operating officer

  1. Nithya B. Das2022–2023
  2. Joanna G. Lambert2023–now
2025
Board members and other officers (16)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMatthew B. Tucker named Nov 18, 202130
  • Executive Officer, DirectorNoah H. Glass named Nov 18, 202130
  • DirectorDavid B. Frankel named Nov 18, 202130
  • DirectorJames D. Robinson IV named Nov 18, 202130
  • DirectorLinda D. Rottenberg named Nov 18, 202130

Former names

  • MOBO SYSTEMS, INCOct 24, 2014 to Jan 26, 20163
  • MOBO SYSTEMS INCApr 2, 2008 to Apr 2, 20083

Filings

524 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 41 major events, 285 insider forms, 55 large holders, 1 private raises, 126 other. The latest 20:

  1. Nov 13, 2025SCHEDULE 13G/A EDGAR
  2. Sep 23, 202515-12G EDGAR
  3. Sep 16, 2025EFFECT EDGAR
  4. Sep 12, 20254 EDGAR
  5. Sep 12, 20254 EDGAR
  6. Sep 12, 20254 EDGAR
  7. Sep 12, 20254 EDGAR
  8. Sep 12, 20254 EDGAR
  9. Sep 12, 20254 EDGAR
  10. Sep 12, 20254 EDGAR
  11. Sep 12, 20254 EDGAR
  12. Sep 12, 20254 EDGAR
  13. Sep 12, 20254 EDGAR
  14. Sep 12, 20254 EDGAR
  15. Sep 12, 20254 EDGAR
  16. Sep 12, 20254 EDGAR
  17. Sep 12, 2025S-8 POS EDGAR
  18. Sep 12, 2025S-8 POS EDGAR
  19. Sep 12, 2025S-8 POS EDGAR
  20. Sep 12, 2025S-8 POS EDGAR

The 524 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

159 open-market trades by officers, directors and large owners since October 2021: 2 buys and 157 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 5, 2025Morvillo RobertChief Legal Off. & SecretarySale10,736$10.25$110.0KForm 4
Sep 5, 2025Manning SherriChief People OfficerSale5,608$10.25$57.5KForm 4
Sep 5, 2025Lambert Joanna GChief Operating OfficerSale38,275$10.25$392.3KForm 4
Sep 5, 2025Glass Noah H.CEOSale11,735$10.25$120.3KForm 4
Sep 5, 2025Benevides Peter J.Chief Financial OfficerSale29,269$10.25$300.0KForm 4
Aug 12, 2025Meyer Daniel HarrisDirectorSale6,000$10.20$61.2KForm 4
Jun 17, 2025Washington Zuhairah ScottDirectorSale1,000$8.51$8.5KForm 4
Jun 16, 2025Washington Zuhairah ScottDirectorSale10,000$8.48$84.8KForm 4
Jun 5, 2025Lambert Joanna GChief Operating OfficerSale38,614$8.80$339.8KForm 4
Jun 5, 2025Glass Noah H.CEOSale10,152$8.80$89.3KForm 4
Jun 5, 2025Morvillo RobertChief Legal Off. & SecretarySale10,129$8.80$89.1KForm 4
Jun 5, 2025Manning SherriChief People OfficerSale5,657$8.80$49.8KForm 4
Jun 5, 2025Benevides Peter J.Chief Financial OfficerSale23,078$8.80$203.1KForm 4
Mar 7, 2025Glass Noah H.CEOSale10,665$6.35$67.7KForm 4
Mar 7, 2025Manning SherriChief People OfficerSale5,940$6.35$37.7KForm 4
Mar 7, 2025Benevides Peter J.Chief Financial OfficerSale21,904$6.35$139.1KForm 4
Mar 7, 2025Lambert Joanna GChief Operating OfficerSale32,060$6.35$203.6KForm 4
Mar 7, 2025Morvillo RobertChief Legal Off. & SecretarySale10,640$6.35$67.6KForm 4
Mar 4, 2025Lambert Joanna GChief Operating OfficerSale21,855$6.50$142.1KForm 4
Dec 6, 2024Lambert Joanna GChief Operating OfficerSale25,372$7.33$186.0KForm 4

All 159 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 4, 2021Raised $103.3 million in a private offering of equity Form D: 91 investors so far Form D

Sources

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