Octave Intelligence plc (NASDAQ:OCTV) filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 12, 2026, reporting a nine-month operating loss of $1,950,278 thousand driven by a large other operating expense item.

Key Highlights

  • Nine-month operating loss: The company reported a loss from operations of $1,950,278 thousand for the nine months ended September 30, 2026, compared with income from operations of $203,368 thousand in the same period of 2025.
  • Total revenue: Nine-month total revenue was $1,200,237 thousand, up from $1,189,456 thousand in the nine months ended September 30, 2025, according to the filing.
  • Goodwill decline: Goodwill on the balance sheet decreased to $4,553,153 thousand as of September 30, 2026, from $6,221,366 thousand as of December 31, 2025.
  • Long-term debt: The company carried $518,477 thousand in long-term debt as of September 30, 2026, compared with zero as of December 31, 2025.
  • Cash position: Cash and cash equivalents rose to $296,993 thousand at September 30, 2026, from $156,069 thousand at December 31, 2025.
  • Shares outstanding: As of November 9, 2026, the registrant had 11,025,000 Class A Ordinary Shares and 257,412,788 Class B Ordinary Shares outstanding.
  • Other operating expense: Other operating expense (income), net for the nine months ended September 30, 2026 was $2,145,583 thousand, compared with $17,977 thousand in the prior-year period.

Octave Intelligence's Third-Quarter 2026 Financial Position and Results

Octave Intelligence plc, incorporated in Ireland and headquartered in Madison, Alabama, disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, in a Form 10-Q filed with the SEC on November 12, 2026. The company's Class B Ordinary Shares trade on The Nasdaq Stock Market LLC under the symbol OCTV. The filing notes that the company operates as a non-accelerated filer and is not a smaller reporting company or an emerging growth company.

For the nine-month period, total revenue reached $1,200,237 thousand, a modest increase from $1,189,456 thousand in the comparable 2025 period. Within that, subscriptions and licenses revenue was $960,871 thousand versus $931,225 thousand a year earlier, while services and other revenue fell to $239,366 thousand from $258,231 thousand. For the third quarter alone, total revenue was $415,322 thousand, up from $393,311 thousand in Q3 2025. Gross profit for the nine months was $916,646 thousand, compared with $885,004 thousand in the prior-year period.

The nine-month operating loss of $1,950,278 thousand was heavily influenced by an other operating expense (income), net line of $2,145,583 thousand, which the filing contrasts with $17,977 thousand in the same period of 2025. Total assets fell to $6,601,635 thousand from $8,696,251 thousand at December 31, 2025, with the goodwill reduction accounting for a substantial portion of the decline. The company also transitioned its equity structure during the period, replacing a "Net investment by Hexagon" balance of $7,749,558 thousand at year-end 2025 with a formal share capital and additional paid-in-capital structure as of September 30, 2026. The filing contains forward-looking statements that the company cautions are subject to risks and uncertainties described in the report and in related regulatory filings.

What Was Disclosed

Octave Intelligence plc filed its Form 10-Q for the quarter ended September 30, 2026, disclosing a nine-month operating loss of approximately $1.95 billion, a significant rise in other operating expenses, a reduction in goodwill, the addition of long-term debt, and an increase in cash compared with year-end 2025.