Total revenue of $415 million, an increase of 6% year over year and 6% on an Organic Constant Currency basis
Recurring revenue of $291 million, an increase of 5% year over year and 5% on an Organic Constant Currency basis
Annualized recurring revenue (“ARR”) of $1,171 million, an increase of 7% year over year
Cash flow from operations of $95 million and Free cash flow of $65 million
HUNTSVILLE, Alabama — Octave Intelligence plc (Nasdaq New York: OCTV and Nasdaq Stockholm: OCTV SDB) today announced financial results for the third quarter of 2026, ended September 30, 2026.
“Our third quarter results were in line with our expectations, and we remain on track to achieve our outlook for the full year. ARR grew 7% over the prior year to $1.17 billion, and SaaS revenue grew 18%, as we continue our focused shift toward recurring revenue. Product innovation and go-to-market improvements continued to gain traction this quarter, and we’re carrying that momentum into the fourth quarter,” said CEO Mattias Stenberg.
“Additionally, our Board of Directors recently approved a $200 million share repurchase program, a decision that reflects its confidence in our company strategy, medium-term financial targets, and ability to grow free cash flow.”
Third quarter 2026 financial highlights and key business metrics:
USD millions, except EPS and percentages | Q3 2026 | Q3 2025 |
|---|---|---|
Total revenue | $415 | $393 |
Annualized recurring revenue (ARR) | $1,171 | $1,090 |
Income (loss) from operations | $56 | $33 |
Operating margin | 13% | 8% |
Adjusted income from operations | $116 | $106 |
Adjusted operating margin | 28% | 27% |
Net income (loss) | $86 | $87 |
Earnings per share | $0.22 | $0.05 |
Adjusted earnings per share | $0.32 | $0.32 |
Cash flow from operations | $95 | $102 |
Cash flow from operations margin | 23% | 26% |
Free cash flow | $65 | $64 |
Free cash flow margin | 16% | 16% |
View the full earnings report here
Recent Business Highlights
In November, Octave announced the acquisition of Cerebre, a U.S.-based software company that transforms fragmented engineering schematics, plant data and engineering knowledge into a connected plant model. Combining Octave’s engineering record and Cerebre’s plant model will strengthen industrial AI use cases and has high-growth potential in brownfield facilities where plant data remains largely disconnected.
In November, Octave announced the launch of Attune Facilities, a cloud-based facilities management solution for organizations managing multiple sites. Octave Attune Facilities includes AI tools to help facilities teams operate more efficiently across complex, multi-site environments.
In October, Octave released a new version of Alto, the company’s geospatial solution that powers 2D / 3D / 4D visualization, analytics, data fusion, digital twins and real-time operations. The latest release brings live drone and camera video directly onto 2D maps and 3D terrain, so operators not only see what a camera sees but can also access all the critical geospatial information attached to that camera’s view.
In October, Octave was the only company named a Leader in both the ARC Advisory Group’s MarketMap for Enterprise Asset Management and the MarketMap for Digital Worker Technologies for Manufacturing. ARC also classified Octave as a Transformation Pioneer in Enterprise Asset Management (EAM).
In September, Octave released a new research report on industrial workforce trends. The report surveyed more than 750 industrial leaders and found that widespread retirements and workforce shortages continue to present challenges to fill key roles and capture legacy expertise, all while AI is reshaping what the future workforce will look like, and the skills needed to succeed.
###
About Octave:
Octave provides mission-critical software that empowers organizations to make informed decisions across every stage of the asset lifecycle – Design, Build, Operate and Protect – where performance, safety and reliability are non-negotiable, and failure is not an option.
Turning complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insight to improve performance, resilience and incident response where it matters most.
Octave has approximately 7,200 employees in 45 countries. Learn more at octave.com and follow us on LinkedIn.