Octave Intelligence plc Q1 2026: Revenue $386.5M, EPS $0.18— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Octave Intelligence plc reported Q1 2026 revenue of $386.5M, up 1% year-over-year, driven by 25% SaaS growth. However, net income declined 20.3% to $47.4M, and diluted EPS fell to $0.18 from $0.22. The company completed a spin-off from Hexagon, incurring stand-up costs. Gross margin improved to 77%, while R&D investment increased.
Octave Intelligence plc reported first-quarter 2026 results with revenue of $386.5M, up 1% from $382.8M a year earlier, while net income declined to $47.4M and diluted EPS fell to $0.18 versus $59.5M and $0.22 in Q1 2025.
Financial Highlights
- Revenue was $386.5M for Q1 2026, up from $382.8M in the year-ago quarter; YoY change 1.0%.
- Net income was $47.4M for Q1 2026, down from $59.5M in the year-ago quarter; YoY change (20.3%).
- Diluted EPS was $0.18 for Q1 2026, versus $0.22 in the year-ago quarter; YoY change (18.2%).
Business Highlights
- Subscriptions drove revenue, representing 72% of total revenue, with SaaS growth of 25% year over year.
- Demand shifted from perpetual licenses to SaaS and subscription models, contributing to an 18% decline in license sales.
- Completed a spin-off from Hexagon and established standalone public-company functions, incurring stand-up costs.
- Gross margin improved to 77% as services delivery costs fell following divestitures, partly offset by higher cloud and labor costs.
- Increased R&D hiring and investment; amortization of developed technologies rose 31% reflecting new product releases.
Original SEC Filing: Octave Intelligence plc [ OCTV ] - 10-Q - Jun. 04, 2026
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