Qoria (QOR) Q3 2026 earnings summary

Executive summary

• Announced and finalized a merger with Aura, including an increased US$100 million equity placement, fully committed by existing Aura shareholders and insiders, to fund AI, growth, and integration initiatives, ensuring a strong balance sheet post-merger.

• Leadership structure for the merged entity is set, with Hari Ravichandran as CEO, a combined board from both companies, and key executives continuing in their roles; Aura Alpha division established to drive innovation and strategic growth.

• Both Qoria and Aura delivered record ARR growth in the March quarter, with strong subscriber and revenue momentum.

Financial highlights

• Combined group achieved AUD 345 million in ARR, with Qoria exit ARR at AUD 151 million (AUD 164 million constant currency) and Aura exit ARR at USD 241.5 million, both up over 30% year-over-year.

• Qoria's net ARR growth improved 49% year-over-year in the March quarter, with standout performance in the U.K. K-12 segment and Qustodio more than doubling ARR.

• Aura added US$25.6 million in ARR in the quarter (up 39% PCP), with improved AOV and CAC; D2C ARR reached US$160 million and partner ARR US$82 million.

• Adjusted EBITDA for Aura was negative AUD 14.3 million, a year-over-year improvement of AUD 1.1 million.

• Qoria’s cash receipts for the quarter were AUD 23 million, up 4% PCP, despite FX headwinds.

Outlook and guidance

• FY2026 guidance reaffirmed: revenue above AUD 145 million, ARR growth above 20%, and adjusted EBITDA margin around 20%.

• Combined entity expects to be free cash flow positive from closing through end of 2026.

• Cash flows expected to improve in the June quarter due to seasonality, with strong sales pipeline in the UK and US.