Our Bond (OBAI) Q3 2026 earnings summary

Executive summary

• Q3 subscription revenue grew 41% YoY and 40% sequentially to $526,000; total revenue rose 19% QoQ to $2.5 million, while bookings increased 19% YoY to $3.1 million.

• Recurring-revenue indicators strengthened: ARR was ~$10 million and deferred revenue reached $1.2 million, more than double year-end 2025.

• A balance sheet realignment is expected to eliminate most outstanding debt and support positive stockholders’ equity; announced plans target $6 million in annualized operating-cost reductions.

Financial highlights

• Q3 total revenue was $2.5 million, up 19% QoQ from $2.1 million and down from $2.7 million in Q3 2025.

• Net loss was $4.7 million, compared with $4.8 million in Q2 2026; operating expenses were $4.2 million versus $3.8 million QoQ.

• Sales and marketing expense increased to $1.0 million from $0.7 million QoQ, reflecting continued investment in growth.

• Cash and cash equivalents were $2.2 million at September 30, 2026.

Outlook and guidance

• Management projected 50% revenue growth in 2027, with existing infrastructure expected to support scaling without proportionate operating-cost increases and accelerate progress toward positive cash flow.

• Announced annualized operating-cost reductions of ~$6 million, comprising $3 million of recurring savings from AI, automation and efficiencies, plus elimination of $3 million in nonrecurring 2026 expenses.

• Focus is on converting the sales and marketing pipeline into recurring revenue; GSX 2026 generated more than 50 enterprise and government opportunities, each involving more than 10,000 people.