Filing Flows › Octave Intelligence (OCTV) › Q1 2026 › vs Q1 2025
Octave Intelligence (OCTV) Q1 2026 vs Q1 2025 (year over year)
Octave Intelligence's revenue rose $3.7M (+1%) from $383M in Q1 2025 to $387M in Q1 2026. The biggest changes: Subscriptions and licenses +$12.8M (+4%); Services and other −$9.1M (-11%). Gross margin 77.0% against 74.0% (+3.0 pts).
Octave Intelligence, Q1 2026: revenue $387M (+1% year over year), operating margin 16.5%, net earnings $47.4M, operating cash flow $115M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 77.0% | 74.0% | +3.0 pts |
| Operating margin | 16.5% | 19.3% | -2.8 pts |
| Net margin | 12.3% | 15.5% | -3.3 pts |
| Free cash flow margin | 29.3% | 32.4% | -3.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Maintenance subscription | $122M | $117M | $5.3M | +5% |
| SaaS | $84.7M | $67.8M | $16.8M | +25% |
| Subscription licenses | $72.4M | $74.2M | −$1.8M | -2% |
| Licenses | $35.1M | $42.6M | −$7.5M | -18% |
| Subscriptions and licenses | $314M | $301M | $12.8M | +4% |
| Services and other | $72.2M | $81.3M | −$9.1M | -11% |
| Revenue | $387M | $383M | $3.7M | +1% |
| Gross profit | $298M | $283M | $14.4M | +5% |
| Cost of revenue | $88.8M | $99.6M | −$10.7M | -11% |
| Operating profit | $63.6M | $73.9M | −$10.3M | -14% |
| Operating expenses | $234M | $209M | $24.7M | +12% |
| Pre-tax earnings | $64.0M | $74.5M | −$10.5M | -14% |
| Research & development | $47.5M | $43.4M | $4.1M | +9% |
| Sales & marketing | $96.5M | $88.6M | $7.9M | +9% |
| General & admin | $42.6M | $36.4M | $6.2M | +17% |
| Other operating costs | $47.4M | $40.9M | $6.5M | +16% |
| Net earnings | $47.4M | $59.5M | −$12.1M | -20% |
| Income tax | $16.6M | $15.0M | $1.6M | +11% |
| Depreciation & amortization | $46.0M | $40.3M | $5.6M | +14% |
| Share-based compensation | $3.5M | $3.5M | −$47K | -1% |
| Working capital & other | $18.6M | $22.2M | −$3.6M | -16% |
| Operating cash flow | $115M | $126M | −$10.1M | -8% |
| Free cash flow (OCF − capex) | $113M | $124M | −$10.9M | -9% |
| Capital expenditures | $2.4M | $1.5M | $862K | +57% |
Questions
How much did Octave Intelligence's revenue grow year over year in Q1 2026?
Octave Intelligence's revenue rose $3.7M (+1%) from $383M in Q1 2025 to $387M in Q1 2026.
What drove Octave Intelligence's revenue change in Q1 2026?
Subscriptions and licenses +$12.8M (+4%); Services and other −$9.1M (-11%).