Octave Announces Second Quarter 2026 Financial Results
Octave reported its first earnings as an independent company with Q2 total revenue of $398 million, down 4% year-over-year, while recurring revenue grew 6% to $283 million and ARR increased 7% to $1.143 billion. The company posted strong free cash flow of $93 million but recorded a non-cash goodwill impairment charge of $1.671 billion resulting in a GAAP net loss of $1.971 billion; adjusted EPS was flat at $0.36.
Key figures
- Revenue
- $398 million
- Guidance
- FY2026 Total Revenue $1.635B-$1.665B; ARR $1.185B-$1.205B; Adj Op Margin ~30%
- Revenue Yoy
- -4%
- Arr
- 1143000000
- Cfo
- 125000000
- Fcf
- 93000000
- Cash
- 304000000
- Debt
- 644000000
- Arr growth
- 7%
- Adjusted eps
- 0.36
- Recurring revenue
- 283000000
- Goodwill impairment
- 1671000000
- Recurring revenue growth
- 6%
- Total impairment charges
- 2135000000
- Adjusted operating margin
- 29%
AI analysis
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