OCTAVE INTELLIGENCE CL.B

Octave Intelligence narrowly missed Q2 revenue consensus with $398.4 million versus $400.3 million expected, but beat adjusted EPS at $0.36 versus $0.32 expected. Management trimmed its 2026 organic revenue growth guidance to 0–2%, citing delays in contract wins in the public safety segment. The company also recorded a non-cash impairment of $2.1 billion; Q3 revenue guidance is $400–410 million. The stock fell sharply, trading well below the prior close and near its 52-week low. » More on de.investing.com

Octave reported total Q2 revenue of $398 million (-4% y/y) and recurring revenue of $283 million (+6% y/y); ARR rose to $1.143 billion (+7%). The quarter ended with a net loss of $1.971 billion, driven by non-cash impairments of $2.135 billion (goodwill $1.671 billion, trademark/intangible rights $464 million). Operating cash flow was $125 million, free cash flow $93 million; at the end of June the company held $304 million in cash with total liabilities of $644 million. Octave confirmed completion of the spin-off of Hexagon, the acquisition of VXG, and expects Q3 revenue of $400–410 million and 2026 revenue of $1.635–1.665 billion. » More on de.investing.com