Earnings ·
Octave Intelligence plc reported second quarter 2026 financial results on August 12, 2026
OCTVVOctave Intelligence plc
Octave Intelligence plc reported second quarter 2026 financial results on August 12, 2026. Total revenue was $398 million, a 4% year-over-year decrease, while recurring revenue grew 6% to $283 million. Annualized recurring revenue (ARR) reached $1,143 million, up 7% year-over-year. The company reported a net loss of $(1,971) million due to non-cash impairment charges totaling $2,135 million, including a $1,671 million goodwill write-down and a $464 million trademark impairment following its separation from Hexagon AB. Adjusted net income was $95 million with adjusted earnings per share of $0.36. Free cash flow was $93 million. Octave provided Q3 2026 revenue guidance of $400-$410 million and full-year ARR guidance of $1,185-$1,205 million. The company operates in the enterprise software industry, providing asset-intensive industrial solutions.