REG-Octave Announces Second Quarter 2026 Financial Results
Octave reported Q2 revenue of $398 million, down 4% year-over-year, though recurring revenue grew 6% to $283 million and ARR increased 7% to $1.143 billion. GAAP results reflected a net loss of $(1.97) billion due to $2.135 billion in non-cash impairment charges triggered by the stock price falling below carrying value following the spin-off from Hexagon.
Key figures
- Revenue
- $398 million
- Guidance
- FY2026 revenue $1,635M-$1,665M; FY2026 ARR $1,185M-$1,205M
- Revenue Yoy
- -4%
- Arr
- $1,143 million
- Fcf
- $93 million
- Arr growth
- 7%
- Adjusted eps
- $0.36
- Recurring revenue
- $283 million
- Impairment charges
- $2,135 million
AI analysis
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