Aura Consolidated Group (ASX:AXQ): Online Safety Group Reports ARR Growth in First Months After Qoria Deal

Aditi Sarkar

26 October 2026 06:43 PM AEDT

Aura Consolidated Group (ASX:AXQ): Online Safety Group Reports ARR Growth in First Months After Qoria Deal

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Highlights

Aura Consolidated Group (ASX:AXQ) reported Q2 2026 ARR of US$339.7m, up 27% year on year
Pro forma Q2 2026 revenue was US$85.1m, also up 27%
Adjusted EBITDA loss narrowed 51% to US$12.6m for the quarter
Calendar 2026 guidance of 20%+ ARR growth and positive free cash flow from transaction close was reaffirmed

Aura provides an online safety platform designed to protect individuals, families and employees from digital threats.

Company Business

Aura Consolidated Group is incorporated in Delaware in the United States, with its head office in Boston, Massachusetts. It was admitted to the ASX Official List in July 2026, and its securities trade as CHESS Depositary Interests (CDIs) on a one-for-one basis with shares of common stock. The company has a December balance date and reports in US dollars under US GAAP.

Aura operates across several related digital safety markets: consumer identity protection and digital safety, employee and business cybersecurity, family digital safety and parental controls, and education technology focused on student digital safety and wellbeing. It sells directly to consumers and through partnerships. In the first half of 2026, direct-to-consumer revenue accounted for about 66% of the total, with partnerships making up about 34%.

Recent Development

Aura listed on the ASX in connection with its acquisition of Qoria Limited by scheme of arrangement. Under the scheme, eligible Qoria shareholders received about one Aura CDI for every 17.32 Qoria shares. The scheme was implemented in mid-July 2026, and normal trading in Aura (ASX:AXQ) began shortly afterwards. The transaction was accompanied by an equity raise of about US$100 million and an upsized US$100 million debt facility.

In August 2026, Aura filed a Form S-1 registration statement with the US Securities and Exchange Commission. The company stated that the filing registers the resale of shares underlying CDIs issued to capital raise investors, and that those CDIs remain under a holding lock until the registration becomes effective. It does not relate to a new listing. The company has since released notices on the scheduled release of holding locks on certain securities, including 934,052 CDIs whose lock was due to be lifted in late October 2026.

Other operational updates disclosed with the second-quarter results included the launch of Aura Business, an enterprise security product for managed service providers and small and mid-sized businesses, a new self-harm detection model, and the expansion of Aura Intelligence into an embedded intelligence layer. The company also appointed a Global Chief Marketing Officer and a Chief Product Officer.

Financial Performance and Sector Context

For the quarter ended June 30, 2026, Aura reported pro forma revenue of US$85.1 million, up 27% year on year. Annualised recurring revenue (ARR) was US$339.7 million at quarter end, also up 27%. The adjusted EBITDA loss narrowed to US$12.6 million from US$25.5 million, an improvement of 51%, while the net loss for the quarter was US$16.8 million, compared with US$43.5 million a year earlier.

The half-year report for the six months to June 30, 2026, which covers Aura prior to the Qoria acquisition, showed revenue of US$119.9 million, up 30.6%, and a net loss of US$19.1 million, down 69.3%. No dividend was declared.

At June 30, 2026, cash, cash equivalents and restricted cash totalled US$92.6 million. The company reported total liquidity at transaction close of US$124.0 million, net of US$26.6 million in one-time transaction costs. Aura stated it had achieved US$27 million in annualised run-rate cost savings, ahead of its US$25 million target, and that marketing spend fell by US$7 million in the first half, with a further US$28 million reduction planned for the second half.

Online safety and identity protection continue to draw attention from households, schools and employers as digital threats evolve and regulators place greater focus on child safety online.

Risks to Consider

Aura remains loss-making on both a net and adjusted EBITDA basis. Integrating Qoria is a significant undertaking, and full product integration is not expected until the second quarter of 2027. Planned reductions in marketing spend may affect customer acquisition if not managed carefully. The company carries debt facilities and a US$25 million convertible note agreement with Life360, and the release of holding locks over time may increase the number of tradable CDIs. Results are reported in US dollars, so currency movements affect how they translate for Australian investors.

What to Watch Next

Aura Consolidated Group (ASX:AXQ) has scheduled its Appendix 4C and quarterly activities report for the September quarter at the end of October 2026, followed by its third-quarter 2026 financial results and an earnings webcast in mid-November 2026. Investors may watch progress against calendar 2026 guidance of 20%+ ARR growth and positive free cash flow from transaction close to year-end, as well as updates on Qoria integration, cost savings and the S-1 registration process.

Key Insights

Aura entered the ASX through its acquisition of Qoria, combining consumer, family, business and education safety products in one group. Its second-quarter results showed ARR and revenue growth of 27% alongside narrower losses and cost savings ahead of target. Integration milestones, free cash flow delivery and the upcoming quarterly results are the next key reference points.

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