Cybeats Technologies (CYBT) Q2 2026 earnings summary

Executive summary

• Q2 2026 marked the highest grossing quarter ever, with revenue rising 9.5% year-over-year to $815,769, driven by new and existing account growth.

• Signed a major enterprise agreement with a global leader in industrial software and critical infrastructure.

• Achieved first commercial win via channel partnership, including in Japan, and expanded use of SBOM Studio/Consumer by existing customers.

• Channel and OEM partnerships, notably with Keysight Technologies, are contributing to commercial success and expanding market reach.

• Launched RAVEN, an agentic AI intelligence layer for SBOM Studio, creating new revenue opportunities and automating vulnerability triage.

Financial highlights

• Q2 2026 revenue was $815,769 (CAD 815,769), up from $744,664 (CAD 744,664) in Q2 2025.

• Net loss in Q2 2026 was $764,074, improved by 4% year-over-year.

• Cash expenses in Q2 2026 were $1,535,904, nearly flat year-over-year.

• Cash at quarter end was $261,643, with an additional $1.9M raised in a subsequent private placement.

• Annual recurring revenue (ARR) increased to approximately CAD 4 million.

Outlook and guidance

• Entering H2 2026 with the strongest commercial opportunity set to date, driven by a robust direct pipeline, customer expansion, and partner strategy.

• Regulatory momentum, including the EU Cyber Resilience Act, is expected to drive demand for SBOM and supply chain security solutions.

• Growing adoption of AI-assisted software development is increasing the need for software transparency and risk management.

• Profitability is a near-term goal, with breakeven ARR estimated just under CAD 6 million.

• No specific new deadline for reaching CAD 5 million ARR, but confidence remains high for achieving it soon.