Qoria (QOR) Q2 2026 earnings summary

Executive summary

• Achieved record ARR growth, surpassing AUD 149 million (US$100 million), up 20% year-over-year, with over 30 million children protected and 20% of U.S. students using the platform.

• Free cash flow for H1 was AUD 8.9 million, up 46% year-over-year, and net ARR added in Q2 was AUD 5.1 million, up 42% year-over-year.

• Strong pipeline in North America K-12, with nearly AUD 40 million in deals and 30% growth in weighted pipeline.

• Net cash from operating activities for the quarter was AUD 3.93 million, with year-to-date net operating cash inflow of AUD 21.03 million.

• Over 30% of new ARR now comes from cross-sales, up from 23% last year.

Financial highlights

• Cash receipts reached AUD 79.1 million for H1, a 20% increase year-over-year.

• Gross margins remain above 90%, with 92% reported in the latest period.

• Free cash flow for H1 was AUD 8.9 million, up 46% year-over-year.

• Cash and cash equivalents at period end were AUD 21.18 million.

• Net debt at period end was AUD 32.6 million, with guidance for year-end at or around AUD 37 million.

Outlook and guidance

• Confident in meeting or exceeding full-year guidance, with ARR and revenue expected to grow at least 20% year-over-year.

• Free cash flow expected to remain positive for the full year, with cash balance projected to remain stable.

• Cost base expected to remain flat through FY26, with further cost leverage anticipated in FY27.

• Guidance is subject to foreign exchange movements and material changes in the business environment.