Aura Consolidated Group (ASX:AXQ): Is This Online Safety Stock Is Worth Watching After the Qoria Acquisition

Sonal Goyal

17 September 2026 07:28 PM AEST

Aura Consolidated Group (ASX:AXQ): Is This Online Safety Stock Is Worth Watching After the Qoria Acquisition

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Key Highlights

Aura Consolidated Group, Inc. (ASX:AXQ) reported Q2 2026 pro forma ARR and pro forma Revenue both growing 27% year over year, with shares trading at $3.64, up 4.00%, during the Trading session on 17 September 2026.
Q2 pro forma Adjusted EBITDA improved 51% year over year, with the company reaffirming its calendar year 2026 outlook for 20%+ ARR growth and positive free Cash Flow by year-end.
GAAP revenue was $85.1 million and pro forma ARR reached approximately US$339.7 million following the completion of the Qoria Acquisition on 17 July 2026.
Total Liquidity stood at $124.0 million as of the transaction close, supported by a $100 million Equity raise and an upsized $100 million Debt facility.

Aura Consolidated Group, Inc. (ASX:AXQ) shares traded at $3.64, up 4.00%, during the trading session on 17 September 2026. The global online safety and wellbeing company recently reported its financial results for the second quarter of 2026, marking its first Earnings Announcement following the completion of its acquisition of Qoria Limited, formerly ASX:QOR, a global leader in student safety and wellbeing.

Q2 2026 Pro Forma Financial Highlights

On a pro forma basis, Aura exited the quarter with approximately US$339.7 million in Annual Recurring Revenue, representing 27% year-over-year growth. Because the Qoria acquisition closed after the end of the second quarter, the company's statutory financial statements reflect Aura on a standalone basis; pro forma figures combine Aura's historical financial information with Qoria's, prepared in accordance with U.S. GAAP accounting standards.

GAAP revenue was $85.1 million, an increase of 27% year over year. Adjusted EBITDA loss of $12.6 million represented a 51% year-over-year improvement. The company noted that using the ARR calculation methodology applied in prior disclosures, Q2'26 ARR would have been $354.0 million, with post-close methodologies now aligned for future reporting.

As of the transaction close on 17 July 2026, Total Liquidity was $124.0 million, supported by a $100 million equity raise and an upsized $100 million debt Facility completed in connection with the transaction, which the company said leaves the Business well-capitalised to execute its plan and reach profitability.

Cost Reduction Program

Aura reported it is executing ahead of plan on a $55 million cost-out program outlined to investors in February 2026, having actioned $27 million in annualised run-rate direct and operating cost reductions to date, ahead of its $25 million target. The company also achieved a $7 million reduction in Brand and performance Marketing spend in the first half of 2026, with a further $28 million reduction planned for the second half. Chief Financial Officer Brian DeCenzo said these cost actions, combined with expanding Operating Leverage and consistent top-line growth, support the company's path to achieving its free cash flow goals in the second half of 2026.

Business Developments

During the quarter, Aura completed the acquisition of Qoria and commenced unrestricted trading on the ASX under the ticker AXQ on 20 July 2026, following implementation of the scheme of arrangement on 17 July 2026. The company launched Aura Business in April 2026, an enterprise security solution addressing identity-based security risks for managed service providers and small and mid-sized businesses. It also introduced new AI-powered capabilities, including the continued evolution of Aura Intelligence and a new self-harm detection model to support child wellbeing, while strengthening its executive Leadership team across marketing and product functions.

Calendar Year 2026 Outlook

The company reaffirmed its calendar year 2026 outlook for ARR growth of 20% or more and positive free cash flow from the time of transaction close to year-end. Aura said it continues to execute its integration roadmap and remains on track to achieve full product integration with Qoria by the second quarter of 2027.

Key Takeaways

Aura Consolidated Group's first earnings report following the completion of its Qoria acquisition showed pro forma ARR, revenue and Adjusted EBITDA all improving on a year-over-year basis, supported by a cost-reduction program running ahead of its internal targets. With the transaction closed, unrestricted ASX trading now underway, and integration tracking toward completion by the second quarter of 2027, the company enters the second half of 2026 with a strengthened Capital position aimed at achieving positive free cash flow by year-end.

FAQs

Q: What was Aura Consolidated Group's pro forma ARR growth in Q2 2026?

A: Pro forma ARR grew 27% year over year to approximately US$339.7 million, following the completion of the Qoria acquisition.

Q: When did Aura complete its acquisition of Qoria?

A: The acquisition closed on 17 July 2026, with unrestricted trading on the ASX under the ticker AXQ commencing on 20 July 2026.

Q: What is Aura's calendar year 2026 outlook?

A: The company reaffirmed guidance for ARR growth of 20% or more and positive free cash flow from transaction close through year-end.

Q: How much has Aura reduced costs under its cost-out program?

A: The company has actioned $27 million in annualised run-rate cost reductions, ahead of its $25 million target under a $55 million cost-out program.

Q: What was Aura's Total Liquidity at transaction close?

A: Total Liquidity was $124.0 million, supported by a $100 million equity raise and an upsized $100 million debt facility.

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