Qoria (QOR) H1 2026 earnings summary

Executive summary

• Revenue grew 25% year-over-year, reaching $69.0 million, with ARR surpassing US$100 million equivalent and strong fixed cost discipline supporting sustainable, profitable growth.

• Underlying EBITDA rose 68% year-over-year to $10.32 million, and free cash flow increased up to $9.2 million, with cash receipts up 20%.

• Qustodio segment achieved 34% ARR growth, is now profitable, and benefited from increased marketing investment and record net subscriber growth.

• Announced a transformational merger with Aura, expected to create a global leader in digital safety, with Qoria shareholders to own about 34% post-placement and completion expected mid-June.

• The business is positioned for long-term success, with a robust pipeline and expanding market share, especially in the U.S. and U.K.

Financial highlights

• Revenue increased to $69.0 million from $55.40 million year-over-year, with gross margin at 90–92% and disciplined cost management keeping fixed cost CAGR at 4%.

• Underlying EBITDA improved to $10.32 million, up 68%, and free cash flow up 51% to $9.2 million.

• Net loss after tax widened to $23.15 million, with basic and diluted loss per share at 1.72 cents.

• Net debt stood at $32.6 million, with available funding of $21.2 million.

• No dividends declared or paid for the period.

Outlook and guidance

• Guidance reiterated for ARR growth above 20%, adjusted EBITDA margins of 20% or better, and strong free cash flow.

• On track to deliver on EBITDA guidance despite currency headwinds, with significant cash flow generation expected in the next half.

• Weighted K-12 pipeline grew 29% year-over-year to $13.6 million, with strong sales pipeline in the U.S. and U.K.

• Price optimization and subscriber growth expected to drive further gains in the second half.

• The proposed merger with Aura is expected to unlock cross-selling opportunities and global expansion.