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 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, and key executives from both companies continuing in their roles to drive integration and growth.

• Aura founders committed an additional $25 million to the merger, reinforcing confidence in the combined entity's mission and growth prospects.

• Aura Alpha division established as a dedicated innovation platform to focus on strategic growth initiatives, partnerships, and corporate development.

• Qoria and Aura both 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 and Aura both delivering strong growth; Qoria added a record AUD 7.6 million in ARR (up 49% PCP), and Aura added US$25.6 million in ARR (up 39% PCP).

• Qoria exit ARR was AUD 151 million (AUD 164 million constant currency), up 20% YoY; Aura exit ARR was USD 241.5 million, up 31% YoY.

• Qustodio more than doubled ARR to AUD 2.7 million year-over-year, with an annualized growth rate of 34%.

• Aura's GAAP revenue for the quarter was AUD 59 million, with ARR at AUD 241.5 million, both up 31% year-over-year.

• Adjusted EBITDA for Aura was negative AUD 14.3 million, a $1.1 million improvement year-over-year; adjusted free cash flow for the quarter was negative AUD 9.9 million.

Outlook and guidance

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

• Group targets ARR growth above 20% in CY2026 and expects to be free cash flow positive from closing to Dec 31, 2026.

• June quarter is expected to be the largest period of growth, with a strong pipeline and historical seasonality favoring this period.

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