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GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill and Indefinite-Life Intangible Asset Impairment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]
Goodwill impairment	$ 1,671,000	$ 0	$ 1,671,000	$ 0
Indefinite-life intangible asset impairment	463,660	0	463,660	0
Other operating expense (income)	2,326	(16,529)	6,779	(12,976)
Total Other operating expense (income), net	$ 2,136,986	$ (16,529)	$ 2,141,439	$ (12,976)

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2026
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies of the Company are set forth in Note 2, “Summary of Significant Accounting Policies” within the Company’s audited Combined Financial Statements as of December 31, 2025 included in the Information Statement. Updates to Significant Accounting Policies Assets Held for Sale: A long-lived asset (or disposal group) is classified as held for sale in the period in which all of the held-for-sale criteria are met. Assets held for sale are measured at the lower of carrying value or fair value less cost to sell. Depreciation and amortization cease upon classification as held for sale. See Note 15, “Subsequent Events” for further discussion. Goodwill: The Company performed an interim goodwill impairment test following a triggering event that indicated the carrying amount may not be fully recoverable. This impairment test resulted in a current period non-cash impairment charge. See Note 5, "Goodwill and intangible assets" for further discussion. Intangible Assets, Net: The Company performed an assessment of the useful life estimates of all trademarks which have historically been carried as indefinite-life intangible assets following the phase out of legacy brands and transition of the Octave business to a unified Octave brand. This assessment resulted in a current period non-cash impairment charge and conclusion that all trademark assets should no longer be carried as indefinite-life intangible assets, but rather have a finite two year useful life. See Note 5, "Goodwill and intangible assets" for further discussion. Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s Consolidated Financial Statements and related disclosures. In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements (“ASU 2025-11”). ASU 2025-11 is intended to update the guidance in Topic 270 by improving navigability of the required interim disclosures, clarifying when that guidance is applicable and adding a principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for the Company for interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2025-11 on its Consolidated Financial Statements and related disclosures. In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”). The amendments in ASU 2025-06 remove the concept of development stages and introduce a principles-based model for capitalizing internal-use software costs, including those related to agile and cloud-based development. The guidance also consolidates website development costs under ASC 350-40 and enhances disclosure requirements related to software development activities. ASU 2025-06 is effective for the Company for annual reporting periods beginning after December 15, 2027, and interim periods within those annual periods, and should be applied prospectively, with optional retrospective or modified retrospective transition methods. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2025-06 on its Consolidated Financial Statements and related disclosures. In November 2024, the FASB issued ASU No. 2024-03, Income Statements-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"), which requires enhanced disclosure of income statement expense categories to improve transparency and provide financial statement users with more detailed information about the nature, amount, and timing of expenses impacting financial performance. ASU 2024-03 is effective for the Company for the annual reporting period beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. The amendments in ASU 2024-03 may be adopted either on a prospective basis to financial statements issued for reporting periods after the effective date or on a retrospective basis to all periods presented. The Company is currently evaluating the impact of the adoption of ASU 2024-03; however, other than additional disclosure, the Company does not expect a change to the Consolidated Financial Statements. Recently Adopted Accounting Standards In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This ASU provides entities with a practical expedient to simplify the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606 by allowing entities to assume that current conditions as of the balance sheet date will not change over the remaining life of such assets. The Company adopted ASU 2025-05 during the three months ended March 31, 2026. The adoption did not have a material impact on the Company’s Consolidated Financial Statements or related disclosures.

BACKGROUND AND BASIS OF PRESENTATION	6 Months Ended
BACKGROUND AND BASIS OF PRESENTATION	Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	BACKGROUND AND BASIS OF PRESENTATION Background Octave Intelligence plc ("Octave" or the "Company") provides a suite of software solutions that help organizations design, build, operate, and protect their physical assets, people and critical infrastructure. These workflow environments often involve different teams, specialized tools, and large volumes of information that are difficult to integrate or interpret without context. When data is organized into separate systems or isolated workflows, decision making slows down, quality issues are harder to identify, and teams may miss early signs of risk or system failure. The Company's platform connects data, events, and workflows across these environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. By providing a clearer picture of current and emerging conditions, Octave's software helps optimize the performance and reliability of the systems that teams depend on so they can act quicker and reduce risk. Octave refers to its suite of software solutions collectively as its platform, noting that different components of the software architecture are at various stages of technical integration and interoperability. On March 4, 2025, Hexagon AB ("Hexagon") announced that its board of directors had directed management to prepare for the spin-off of the Octave business into an independent, publicly-traded company through a tax-free, from both a U.S. federal income and Swedish tax perspective, pro rata distribution of all the outstanding share capital of Octave to Hexagon shareholders via a Lex-ASEA distribution. Prior to the Distribution (as defined below), the Company was wholly owned by Hexagon. On April 24, 2026, the general meeting of shareholders of Hexagon approved the Distribution of the Octave business into a separate publicly-traded company named Octave Intelligence plc. On April 27, 2026, in connection with the Distribution, the Company entered into credit facilities with Bank of America, N.A. consisting of a $350.0 million U.S. dollar term loan facility, a €150.0 million euro term loan facility, and a $500.0 million revolving credit facility. On May 22, 2026, the Company fully drew the term loan facilities and borrowed under the revolving credit facility. The proceeds from these borrowings were used to fund a cash payment of $625.0 million to Hexagon in connection with the Distribution. On May 22, 2026, the spin-off was consummated by means of a tax-free pro rata distribution (the "Distribution") wherein each Hexagon shareholder of record on May 22, 2026 (the "Record Date") received one (1) Octave Class A Ordinary Share for every ten (10) Hexagon Class A Shares and one (1) Octave Class B Ordinary Share for every ten (10) Hexagon Class B Shares held, resulting in the distribution of 268,437,788 of the Company's ordinary shares to Hexagon shareholders. Octave Class A Ordinary Shares were delivered to holders of Hexagon Class A Shares. Octave Class B Ordinary Shares were delivered to holders of Hexagon Class B Shares other than Hexagon affiliates in the form of Swedish Depository Receipts (the "Octave SDRs"), and to Hexagon affiliates in book-entry form via Octave's transfer agent. Following the Distribution, the Company commenced "regular way" trading as an independent public company whereby Octave Class B Ordinary Shares were listed under the ticker symbol "OCTV" on the Nasdaq Global Select Market and the Octave SDRs were listed under the ticker symbol "OCTV SDB" on Nasdaq Stockholm. Following the Distribution, Octave is a public company and Hexagon has no continuing ownership interest. For purposes of governing the ongoing relationships between Hexagon and Octave after the Distribution, and to provide for an orderly transition, Hexagon and Octave entered into a Distribution Agreement, Tax Disaffiliation Agreement, Employee Matters Agreement, and Master Transition Services Agreement that outline the terms and conditions of the transactions and provide a framework for our relationship after the Distribution. Basis of Presentation On May 22, 2026, the Company became a standalone publicly traded company, and its financial statements are presented on a consolidated basis from that date. Prior to the Distribution, the Company's historical financial statements were derived from Hexagon's consolidated financial statements and accounting records and were prepared on a standalone basis. The financial statements for all periods presented, including the historical results of the Company prior to May 22, 2026, are referred to herein as the "Condensed Consolidated Financial Statements" and have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). These Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Combined Financial Statements for the three years ended December 31, 2025 included in the Information Statement attached as Exhibit 99.1 to Octave’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on May 12, 2026 (the “Information Statement”) and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for a fair statement of the results of operations for the periods presented. The December 31, 2025 Condensed Consolidated Balance Sheet included herein is derived from the audited Combined Financial Statements included in the Information Statement. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results expected for the remainder of the fiscal year. These unaudited Condensed Consolidated Financial Statements and accompanying Notes should be read in conjunction with the audited Combined Financial Statements and accompanying Notes for the year ended December 31, 2025 included in the Information Statement. All intercompany transactions have been eliminated. Periods Prior to the Distribution Prior to the Distribution, the Condensed Consolidated Financial Statements include all revenues and costs directly attributable to the Company, including costs for facilities, functions and services used by or for the benefit of the Company. The Company had historically functioned together with the other businesses controlled by Hexagon. Accordingly, the Company relied on Hexagon's corporate overhead and other support functions for its business. Therefore, certain corporate overhead and shared costs had been allocated to the Company, including general and administrative expenses related to Hexagon support functions provided on a centralized basis, such as corporate communications, executive management, legal, human resources, treasury, finance, accounting, information technology, and the related benefit costs associated with such functions, including stock-based compensation. These expenses had been specifically identified, when possible, or allocated based on direct usage when identifiable, with the remainder allocated on a pro rata basis of revenue of the Company and Hexagon. The charges for these functions are included in Sales and marketing and General and administrative expenses in the Condensed Consolidated Statements of Operations. Management considers that such allocations had been made on a reasonable basis consistent with benefits received but may not necessarily be indicative of the costs that would have been incurred had the Company operated on a standalone basis for the periods presented prior to the Distribution. The Company is unable to quantify the amounts that it would have recorded during the historical periods on a standalone basis, as it is not practicable to do so. Prior to the Distribution, Hexagon utilized a centralized approach to managing its treasury operations. The cash and cash equivalents held by Hexagon at the corporate level were not specifically identifiable to the Company and therefore had not been reflected in the Company's Condensed Consolidated Balance Sheets prior to the Distribution. Cash and cash equivalents in the Condensed Consolidated Balance Sheets for periods prior to the Distribution represent cash and cash equivalents held by legal entities of the Company that were specifically attributable to the Company. Prior to the Distribution, Hexagon's external debt and related interest expense had not been attributed to the Company for the periods presented, as Hexagon's borrowings were neither directly attributable to the Company nor was the Company the legal obligor of such borrowings. For those transactions between the Company and Hexagon that were historically settled in cash, such balances were reflected in the Condensed Consolidated Balance Sheets as due from related parties or due to related parties. The total net effect of the settlement of intercompany transactions not historically settled in cash are reflected in the Condensed Consolidated Statements of Cash Flows as a financing activity and in the Condensed Consolidated Balance Sheets as Net investment by Hexagon, with the difference between the amounts presented in the Condensed Consolidated Statements of Equity and the Condensed Consolidated Statements of Cash Flows being attributable to stock-based compensation and net assets distributed from Hexagon. Net investment by Hexagon in the Condensed Consolidated Balance Sheets represents Hexagon's historical investment in the Company, the accumulated net earnings after taxes, and the net effect of transactions with and allocations from Hexagon. Prior to the Distribution, income tax expense and tax balances were calculated on a separate return basis. The separate return method applies the accounting guidance for income taxes to the standalone financial statements as if the Company was a separate taxpayer and a standalone company, even though the Company filed as part of Hexagon's tax group in certain jurisdictions prior to the Distribution. Periods Following the Distribution Following the Distribution on May 22, 2026, the Company operates as an independent publicly traded company and its financial statements reflect the Company's results of operations, financial position and cash flows on a standalone consolidated basis. Certain functions previously provided by Hexagon continue to be provided under the Master Transition Services Agreement or are being performed using the Company's own resources or third-party service providers. The Company incurred certain costs in its establishment as a standalone public company and expects to incur ongoing additional costs associated with operating as an independent, publicly traded company. Unless otherwise noted, all amounts in these Condensed Consolidated Financial Statements are presented in U.S. dollars and in thousands.

OTHER BALANCE SHEET COMPONENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Accounts receivable, net:
Trade receivables	$ 305,772	$ 340,360
Unbilled receivables	91,427	80,741
Allowance for doubtful accounts	(21,559)	(20,415)
Total Accounts receivable, net	375,640	400,686
Prepaids and other current assets:
Prepaid expenses	82,322	82,950
Other current assets	15,978	17,058
Total Prepaids and other current assets	98,300	100,008
Other current liabilities:
Accrued expenses	67,167	55,184
Income tax payable	53,649	0
Accrued indirect taxes	9,448	18,904
Restructuring reserve	3,672	13,775
Other current liabilities	3,314	6,419
Other short-term borrowings	22,903	0
Total Other current liabilities	$ 160,153	$ 94,282

DEBT

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

DEBT

Credit Facilities

In connection with the Distribution, on April 27, 2026, the Company entered into a senior unsecured credit agreement (the “Credit Agreement”) with Bank of America, N.A. as Administrative Agent, establishing the following facilities:

•a four-year senior unsecured U.S. dollar-denominated term loan facility in a principal amount of $350.0 million (the “USD Term Loan”);

•a four-year senior unsecured euro-denominated term loan facility in a principal amount of €150.0 million (the “EUR Term Loan” and, together with the USD Term Loan, the “Term Loans”); and

•a five-year senior unsecured revolving credit facility, including two one-year extension options subject to lender consent, in an aggregate principal amount of up to $500.0 million (the “Revolving Credit Facility” and, together with the Term Loans, the “Credit Facilities”), including a $50.0 million letter of credit sub-limit and a $50.0 million swingline loan sub-limit.

The Credit Agreement also provides for an incremental facility permitting additional commitments of up to $250.0 million, subject to certain conditions.

The Term Loans were drawn in full on May 22, 2026.

Outstanding Borrowings

The Company’s outstanding debt obligations are as follows:


				As of
	Stated Interest Rate as of June 30, 2026		Maturity	June 30, 2026		December 31, 2025
USD Term Loan	4.9	%	2030	$	350,000	$	—
EUR Term Loan	3.4	%	2030	171,114		—
Revolving Credit Facility - USD	4.9	%	2031	73,500		—
Revolving Credit Facility - EUR	3.4	%	2031	28,520		—
Other short-term borrowings				22,903		—
Total principal				$	646,037	$	—
Less: Unamortized debt issuance costs				1,850		—
Less: Other short-term borrowings				22,903		—
Total Long-term debt, net				$	621,284	$	—

Amounts outstanding under the Credit Facilities bear interest at variable rates based on Term Secured Overnight Financing Rate (“Term SOFR”) for U.S. dollar-denominated loans and Euro Interbank Offered Rate (“EURIBOR”) for euro-denominated loans, in each case plus an applicable margin ranging from 125 to 175 basis points based on the Company's consolidated leverage ratio. Commitment fees on the undrawn Revolving Credit Facility balance accrue at 15 to 25 basis points per annum.

For the three and six months ended June 30, 2026, interest expense, including principal interest and amortization of debt issuance costs, was $3.4 million and is included in Interest expense, net in the Condensed Consolidated Statements of Operations.

Financial Covenant

The Credit Agreement requires the Company to maintain a maximum consolidated leverage ratio (net debt to EBITDA as defined in the Credit Agreement) of 3.5 to 1.0 as of the end of each fiscal quarter. The Company may elect to increase the maximum permitted leverage ratio to 4.0 to 1.0 for the fiscal quarter during which a material acquisition occurs and for the three immediately following fiscal quarters, subject to a minimum two-quarter interval before any subsequent election. The Credit Agreement also contains affirmative and negative covenants customary for financings of this type, including limitations on liens, indebtedness, fundamental changes and asset dispositions. As of June 30, 2026, the Company was in compliance with all covenants under the Credit Agreement.

Fair Value

The Company utilized Level 2 inputs, as defined in the ASC 820 fair value hierarchy, to measure the fair value of the Long-term debt, which, as of June 30, 2026 was $621.2 million. Management’s fair value estimates were based on quoted benchmark interest rates (Term SOFR and EURIBOR) plus a market-based credit spread consistent with the Company’s credit profile and observable market data for comparable borrowers.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The Company’s revenue based on the timing of revenue recognition is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Recurring revenue (1)	$	282,813	$	267,334	$	561,993	$	526,166
Non-recurring revenue (2)	115,601		146,007		222,922		269,979
Total revenue	$	398,414	$	413,341	$	784,915	$	796,145

___________________________

(1)Includes monthly subscription licenses, SaaS-based subscriptions and maintenance subscriptions.

(2)Includes perpetual software licenses and services and other revenue.

The Company’s revenue consists of the following revenue streams:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue:
Subscription licenses	$	72,549	$	73,647	$	144,911	$	147,814
SaaS	87,225		70,999		171,894		138,848
Maintenance subscription	123,039		122,688		245,188		239,504
Subscriptions	282,813		267,334		561,993		526,166
Licenses	39,104		50,983		74,229		93,622
Subscriptions and licenses	321,917		318,317		636,222		619,788
Services and other	76,497		95,024		148,693		176,357
Total revenue	$	398,414	$	413,341	$	784,915	$	796,145

Revenue by geographic region, based upon the location of the end customer, are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Americas: (1)
United States	$	151,159	$	171,983	$	297,051	$	332,472
Other Americas	33,552		38,073		75,405		73,984
EMIA (2)	156,498		143,693		302,018		275,893
APAC (3)	57,205		59,592		110,441		113,796
Total revenue	$	398,414	$	413,341	$	784,915	$	796,145

___________________________

(1)Americas includes the United States, Canada, and Latin America.

(2)EMIA includes Europe, Middle East, India, and Africa.

(3)APAC includes the Asia-Pacific region, excluding India.

LEASES (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Lease Costs

Lease term and discount rate information related to operating leases are as follows:


	As of
	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	7.2		7.2
Weighted-average discount rate	5.1	%	4.0	%

Supplemental cash flow information related to operating leases is as follows:


	Six Months Ended June 30,
		2026		2025
Cash paid for amounts included in operating lease liabilities		$	11,193	$	10,840
Right-of-use assets obtained in exchange for operating lease obligations		$	17,594	$	5,634

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Goodwill [Roll Forward]
Balance as of beginning of period			$ 6,221,366
Acquisitions			8,556
Impairment	$ (1,671,000)	$ 0	(1,671,000)	$ 0
Foreign currency translation adjustments			(3,929)
Balance as of end of period	4,554,993		4,554,993
Impairment	$ 1,671,000	$ 0	$ 1,671,000	$ 0

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

+ Details

- Definition

+ References + Details

BACKGROUND AND BASIS OF PRESENTATION (Details)	May 22, 2026 USD ($) shares	Apr. 27, 2026 USD ($)	Apr. 27, 2026 EUR (€)
Unsecured Debt \| Commitment Letter \| Line of Credit
Conversion of Stock [Line Items]
Debt instrument, face amount		$ 350,000,000.0	€ 150,000,000.0
Revolving Credit Facility \| Commitment Letter \| Line of Credit
Conversion of Stock [Line Items]
Maximum borrowing capacity \| $		$ 500,000,000.0
Hexagon AB
Conversion of Stock [Line Items]
Nonmonetary transaction, cash paid to shareholders \| $	$ 625,000,000.0
Nonmonetary transaction, shares issued upon conversion (in shares)	268,437,788
Class A Ordinary Shares \| Hexagon AB
Conversion of Stock [Line Items]
Nonmonetary transaction, exchange ratio	0.1
Nonmonetary transaction, shares issued upon conversion (in shares)	11,025,000
Class B Ordinary Shares \| Hexagon AB
Conversion of Stock [Line Items]
Nonmonetary transaction, exchange ratio	0.1
Nonmonetary transaction, shares issued upon conversion (in shares)	257,412,788

REVENUE FROM CONTRACTS WITH CUSTOMER - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, period for recognition	12 months
Deferred revenue	$ 452.9		$ 426.1
Deferred revenue, revenue recognized	283.3	$ 213.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, amount	$ 452.9
Remaining performance obligation, percentage	96.00%
Remaining performance obligation, period	12 months

REVENUE FROM CONTRACTS WITH CUSTOMER - Schedule of Timing of Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Total revenue	$ 398,414	$ 413,341	$ 784,915	$ 796,145
Recurring revenue
Disaggregation of Revenue [Line Items]
Total revenue	282,813	267,334	561,993	526,166
Non-recurring revenue
Disaggregation of Revenue [Line Items]
Total revenue	$ 115,601	$ 146,007	$ 222,922	$ 269,979

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2026
Trademarks
Definite-life intangibles:
Useful life	2 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Reference 39: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

The Company’s revenue based on the timing of revenue recognition is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Recurring revenue (1)	$	282,813	$	267,334	$	561,993	$	526,166
Non-recurring revenue (2)	115,601		146,007		222,922		269,979
Total revenue	$	398,414	$	413,341	$	784,915	$	796,145

___________________________

(1)Includes monthly subscription licenses, SaaS-based subscriptions and maintenance subscriptions.

(2)Includes perpetual software licenses and services and other revenue.

The Company’s revenue consists of the following revenue streams:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue:
Subscription licenses	$	72,549	$	73,647	$	144,911	$	147,814
SaaS	87,225		70,999		171,894		138,848
Maintenance subscription	123,039		122,688		245,188		239,504
Subscriptions	282,813		267,334		561,993		526,166
Licenses	39,104		50,983		74,229		93,622
Subscriptions and licenses	321,917		318,317		636,222		619,788
Services and other	76,497		95,024		148,693		176,357
Total revenue	$	398,414	$	413,341	$	784,915	$	796,145

Revenue by geographic region, based upon the location of the end customer, are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Americas: (1)
United States	$	151,159	$	171,983	$	297,051	$	332,472
Other Americas	33,552		38,073		75,405		73,984
EMIA (2)	156,498		143,693		302,018		275,893
APAC (3)	57,205		59,592		110,441		113,796
Total revenue	$	398,414	$	413,341	$	784,915	$	796,145

___________________________

(1)Americas includes the United States, Canada, and Latin America.

(2)EMIA includes Europe, Middle East, India, and Africa.

(3)APAC includes the Asia-Pacific region, excluding India.

Operations in Ireland, our country of domicile, are not material in all periods presented.

Contract Balances

As of June 30, 2026 and December 31, 2025, the Company's contract assets relate to performance obligations completed in advance of the right to invoice and are included in Prepaids and other current assets in the Condensed Consolidated Balance Sheets. Contract assets were not material as of June 30, 2026, or December 31, 2025.

Deferred revenue consists of billings made or payments received in advance of revenue recognition from subscriptions and services. The primary changes in the Company’s deferred revenue are due to the performance under the contracts and new billings made or payments received in advance of revenue recognition from service, installation, and support. The satisfaction of performance obligations typically lags behind payments received under revenue recognition from contracts with customers. Deferred revenues are short-term in nature and are generally recognized as revenue within 12 months. As of June 30, 2026 and December 31, 2025, total deferred revenue was $452.9 million and $426.1 million, respectively, and is included within Deferred revenue and Other noncurrent liabilities on the Condensed Consolidated Balance Sheets.

Changes in the Company’s total deferred revenue balances primarily relate to additional deferrals through new billings and reduced deferrals through revenue recognition. For the six months ended June 30, 2026, the Company recognized $283.3 million of revenue that was included in the December 31, 2025 deferred revenue balance. For the six months ended June 30, 2025, the Company recognized $213.4 million of revenue that was included in the December 31, 2024 deferred revenue balance.

Remaining Performance Obligations

The Company’s contracts with customers include amounts allocated to performance obligations that will be satisfied at a later date. As of June 30, 2026, amounts allocated to these remaining performance obligations are $452.9 million, of which the Company expects to recognize approximately 96% over the next 12 months with the remaining amount thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 7
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/606/tableOfContent

+ Details

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Schedule of Cash Flow Information Related To Taxes

Supplemental cash flow information related to taxes is as follows:


	Six Months Ended June 30,
		2026		2025
Income taxes paid, net of refunds		$	16,705	$	1,712

ACQUISITIONS AND DIVESTITURES - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2026 USD ($) business	Jun. 30, 2025 USD ($) business businessDivested	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Business Combination [Line Items]
Acquisitions, net of cash acquired	$ 11,115	$ 16,751
Contingent consideration	5,727	$ 48,473	$ 6,067	$ 61,017
Goodwill	$ 4,554,993		$ 6,221,366
2025 Divestitures \| Non-Core Business
Business Combination [Line Items]
Number of business divested \| businessDivested		1
Proceeds from divestiture		$ 4,100
Divested businesses assets		4,500
Loss on divestiture		$ 400
2026 Acquisitions
Business Combination [Line Items]
Number of businesses acquired \| business	2
Acquisitions, net of cash acquired	$ 11,100
Contingent consideration	2,900
Acquired intangible assets	2,900
Goodwill	8,600
Net tangible liabilities	400
Goodwill, expected tax deductible amount	$ 800
2025 Acquisitions
Business Combination [Line Items]
Number of businesses acquired \| business		2
Acquisitions, net of cash acquired		$ 16,800
Acquired intangible assets		2,900
Goodwill		13,800
Goodwill, expected tax deductible amount		1,700
Net tangible assets		$ 100

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets, Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]
Cost of subscriptions and licenses	$ 295	$ 286	$ 581	$ 571
Amortization of intangible assets	44,570	38,284	87,563	75,637
Total amortization expense	$ 44,865	$ 38,570	$ 88,144	$ 76,208

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
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+ Details

DEBT (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Schedule of Outstanding Debt Obligations

The Company’s outstanding debt obligations are as follows:


				As of
	Stated Interest Rate as of June 30, 2026		Maturity	June 30, 2026		December 31, 2025
USD Term Loan	4.9	%	2030	$	350,000	$	—
EUR Term Loan	3.4	%	2030	171,114		—
Revolving Credit Facility - USD	4.9	%	2031	73,500		—
Revolving Credit Facility - EUR	3.4	%	2031	28,520		—
Other short-term borrowings				22,903		—
Total principal				$	646,037	$	—
Less: Unamortized debt issuance costs				1,850		—
Less: Other short-term borrowings				22,903		—
Total Long-term debt, net				$	621,284	$	—

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation On May 22, 2026, the Company became a standalone publicly traded company, and its financial statements are presented on a consolidated basis from that date. Prior to the Distribution, the Company's historical financial statements were derived from Hexagon's consolidated financial statements and accounting records and were prepared on a standalone basis. The financial statements for all periods presented, including the historical results of the Company prior to May 22, 2026, are referred to herein as the "Condensed Consolidated Financial Statements" and have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). These Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Combined Financial Statements for the three years ended December 31, 2025 included in the Information Statement attached as Exhibit 99.1 to Octave’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on May 12, 2026 (the “Information Statement”) and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for a fair statement of the results of operations for the periods presented. The December 31, 2025 Condensed Consolidated Balance Sheet included herein is derived from the audited Combined Financial Statements included in the Information Statement. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results expected for the remainder of the fiscal year. These unaudited Condensed Consolidated Financial Statements and accompanying Notes should be read in conjunction with the audited Combined Financial Statements and accompanying Notes for the year ended December 31, 2025 included in the Information Statement. All intercompany transactions have been eliminated.
Consolidation	On May 22, 2026, the Company became a standalone publicly traded company, and its financial statements are presented on a consolidated basis from that date. Prior to the Distribution, the Company's historical financial statements were derived from Hexagon's consolidated financial statements and accounting records and were prepared on a standalone basis. The financial statements for all periods presented, including the historical results of the Company prior to May 22, 2026, are referred to herein as the "Condensed Consolidated Financial Statements" and have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). These Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Combined Financial Statements for the three years ended December 31, 2025 included in the Information Statement attached as Exhibit 99.1 to Octave’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on May 12, 2026 (the “Information Statement”) and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for a fair statement of the results of operations for the periods presented. The December 31, 2025 Condensed Consolidated Balance Sheet included herein is derived from the audited Combined Financial Statements included in the Information Statement. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results expected for the remainder of the fiscal year. These unaudited Condensed Consolidated Financial Statements and accompanying Notes should be read in conjunction with the audited Combined Financial Statements and accompanying Notes for the year ended December 31, 2025 included in the Information Statement. All intercompany transactions have been eliminated.
Periods Prior to the Distribution and Periods Following the Distribution	Periods Prior to the Distribution Prior to the Distribution, the Condensed Consolidated Financial Statements include all revenues and costs directly attributable to the Company, including costs for facilities, functions and services used by or for the benefit of the Company. The Company had historically functioned together with the other businesses controlled by Hexagon. Accordingly, the Company relied on Hexagon's corporate overhead and other support functions for its business. Therefore, certain corporate overhead and shared costs had been allocated to the Company, including general and administrative expenses related to Hexagon support functions provided on a centralized basis, such as corporate communications, executive management, legal, human resources, treasury, finance, accounting, information technology, and the related benefit costs associated with such functions, including stock-based compensation. These expenses had been specifically identified, when possible, or allocated based on direct usage when identifiable, with the remainder allocated on a pro rata basis of revenue of the Company and Hexagon. The charges for these functions are included in Sales and marketing and General and administrative expenses in the Condensed Consolidated Statements of Operations. Management considers that such allocations had been made on a reasonable basis consistent with benefits received but may not necessarily be indicative of the costs that would have been incurred had the Company operated on a standalone basis for the periods presented prior to the Distribution. The Company is unable to quantify the amounts that it would have recorded during the historical periods on a standalone basis, as it is not practicable to do so. Prior to the Distribution, Hexagon utilized a centralized approach to managing its treasury operations. The cash and cash equivalents held by Hexagon at the corporate level were not specifically identifiable to the Company and therefore had not been reflected in the Company's Condensed Consolidated Balance Sheets prior to the Distribution. Cash and cash equivalents in the Condensed Consolidated Balance Sheets for periods prior to the Distribution represent cash and cash equivalents held by legal entities of the Company that were specifically attributable to the Company. Prior to the Distribution, Hexagon's external debt and related interest expense had not been attributed to the Company for the periods presented, as Hexagon's borrowings were neither directly attributable to the Company nor was the Company the legal obligor of such borrowings. For those transactions between the Company and Hexagon that were historically settled in cash, such balances were reflected in the Condensed Consolidated Balance Sheets as due from related parties or due to related parties. The total net effect of the settlement of intercompany transactions not historically settled in cash are reflected in the Condensed Consolidated Statements of Cash Flows as a financing activity and in the Condensed Consolidated Balance Sheets as Net investment by Hexagon, with the difference between the amounts presented in the Condensed Consolidated Statements of Equity and the Condensed Consolidated Statements of Cash Flows being attributable to stock-based compensation and net assets distributed from Hexagon. Net investment by Hexagon in the Condensed Consolidated Balance Sheets represents Hexagon's historical investment in the Company, the accumulated net earnings after taxes, and the net effect of transactions with and allocations from Hexagon. Prior to the Distribution, income tax expense and tax balances were calculated on a separate return basis. The separate return method applies the accounting guidance for income taxes to the standalone financial statements as if the Company was a separate taxpayer and a standalone company, even though the Company filed as part of Hexagon's tax group in certain jurisdictions prior to the Distribution. Periods Following the Distribution Following the Distribution on May 22, 2026, the Company operates as an independent publicly traded company and its financial statements reflect the Company's results of operations, financial position and cash flows on a standalone consolidated basis. Certain functions previously provided by Hexagon continue to be provided under the Master Transition Services Agreement or are being performed using the Company's own resources or third-party service providers. The Company incurred certain costs in its establishment as a standalone public company and expects to incur ongoing additional costs associated with operating as an independent, publicly traded company. Unless otherwise noted, all amounts in these Condensed Consolidated Financial Statements are presented in U.S. dollars and in thousands.
Assets Held for Sale	Assets Held for Sale: A long-lived asset (or disposal group) is classified as held for sale in the period in which all of the held-for-sale criteria are met. Assets held for sale are measured at the lower of carrying value or fair value less cost to sell. Depreciation and amortization cease upon classification as held for sale.
Goodwill	Goodwill: The Company performed an interim goodwill impairment test following a triggering event that indicated the carrying amount may not be fully recoverable. This impairment test resulted in a current period non-cash impairment charge.
Intangible Assets, Net	Intangible Assets, Net: The Company performed an assessment of the useful life estimates of all trademarks which have historically been carried as indefinite-life intangible assets following the phase out of legacy brands and transition of the Octave business to a unified Octave brand. This assessment resulted in a current period non-cash impairment charge and conclusion that all trademark assets should no longer be carried as indefinite-life intangible assets, but rather have a finite two year useful life.
Recent Accounting Pronouncements and Recently Adopted Accounting Standards	Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s Consolidated Financial Statements and related disclosures. In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements (“ASU 2025-11”). ASU 2025-11 is intended to update the guidance in Topic 270 by improving navigability of the required interim disclosures, clarifying when that guidance is applicable and adding a principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for the Company for interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2025-11 on its Consolidated Financial Statements and related disclosures. In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”). The amendments in ASU 2025-06 remove the concept of development stages and introduce a principles-based model for capitalizing internal-use software costs, including those related to agile and cloud-based development. The guidance also consolidates website development costs under ASC 350-40 and enhances disclosure requirements related to software development activities. ASU 2025-06 is effective for the Company for annual reporting periods beginning after December 15, 2027, and interim periods within those annual periods, and should be applied prospectively, with optional retrospective or modified retrospective transition methods. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2025-06 on its Consolidated Financial Statements and related disclosures. In November 2024, the FASB issued ASU No. 2024-03, Income Statements-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"), which requires enhanced disclosure of income statement expense categories to improve transparency and provide financial statement users with more detailed information about the nature, amount, and timing of expenses impacting financial performance. ASU 2024-03 is effective for the Company for the annual reporting period beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. The amendments in ASU 2024-03 may be adopted either on a prospective basis to financial statements issued for reporting periods after the effective date or on a retrospective basis to all periods presented. The Company is currently evaluating the impact of the adoption of ASU 2024-03; however, other than additional disclosure, the Company does not expect a change to the Consolidated Financial Statements. Recently Adopted Accounting Standards In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This ASU provides entities with a practical expedient to simplify the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606 by allowing entities to assume that current conditions as of the balance sheet date will not change over the remaining life of such assets. The Company adopted ASU 2025-05 during the three months ended March 31, 2026. The adoption did not have a material impact on the Company’s Consolidated Financial Statements or related disclosures.

REVENUE FROM CONTRACTS WITH CUSTOMER - Schedule of Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Total revenue	$ 398,414	$ 413,341	$ 784,915	$ 796,145
United States
Disaggregation of Revenue [Line Items]
Total revenue	151,159	171,983	297,051	332,472
Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	33,552	38,073	75,405	73,984
EMIA
Disaggregation of Revenue [Line Items]
Total revenue	156,498	143,693	302,018	275,893
APAC
Disaggregation of Revenue [Line Items]
Total revenue	$ 57,205	$ 59,592	$ 110,441	$ 113,796

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

DEBT - Schedule of Outstanding Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Other short-term borrowings	$ 22,903	$ 0
Total principal	646,037	0
Less: Unamortized debt issuance costs	1,850	0
Total Long-term debt, net	$ 621,284	0
USD Term Loan \| Unsecured Debt
Debt Instrument [Line Items]
Stated interest rate	4.90%
Long-term debt	$ 350,000	0
EUR Term Loan \| Unsecured Debt
Debt Instrument [Line Items]
Stated interest rate	3.40%
Long-term debt	$ 171,114	0
Revolving Credit Facility - USD \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Stated interest rate	4.90%
Long-term debt	$ 73,500	0
Revolving Credit Facility - EUR \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Stated interest rate	3.40%
Long-term debt	$ 28,520	$ 0

INCOME TAXES

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

INCOME TAXES

Provision (Benefit) for Income Taxes

The Provision (benefit) for income taxes for interim periods is calculated using an estimate of the annual effective income tax rate for the full year to be applied to the respective interim period, taking into account year-to-date results and projected full year results as well as separate consideration for the effect of significant, infrequent or unusual items.

Estimating the Provision (benefit) for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. Changes in any of these estimates could have a material impact on the Company’s Provision (benefit) for income taxes.

For the three months ended June 30, 2026 and 2025, the effective tax rate was 5% and 22%, respectively. For the six months ended June 30, 2026 and 2025, the effective tax rate was 4% and 21%, respectively. The difference between the effective tax rate and the statutory tax rate primarily relates to the non-deductible nature of the Company’s goodwill impairment charge taken during the period as well as jurisdictional mix of earnings and effects of cross-border transactions in preparation for the Distribution.

Tax Legislation

In July 2025, Public Law 119-21, commonly referred to as the One Big Beautiful Bill Act (“OBBBA”), was enacted in the United States. The OBBBA introduces several significant changes, including the permanent extension and modification of certain expiring provisions of the Tax Cuts and Jobs Act. The legislation has multiple effective dates, with certain provisions taking effect in tax year 2025 and others phased in through 2027. There were no material impacts of this legislation on the Company's Condensed Consolidated Financial Statements to date; however, management will continue to evaluate the full impact of these legislative changes as more guidance becomes available.

Other Items

The Company is currently under examination by the Internal Revenue Service (the “IRS”) for the years 2014 through 2020. In May 2026, the Company received draft notices of proposed adjustment (“NOPA”) from the IRS for the years 2019 and 2020, which relate primarily to tax method changes, net operating loss carryback claims, and Base Erosion and Anti-Abuse Tax (BEAT) liability on sales-based royalties. In June 2026, the Company received a final Revenue Agent Report (“RAR”) which assessed an adjustment to the refund requested of $31.0 million. The Company disagrees with the final assessment, has informed the IRS audit team of its intent to contest the RAR, and has been in communication with its advisors to begin the rebuttal process. This matter is subject to an agreed-upon cost-sharing arrangement with Hexagon pursuant to the Tax Disaffiliation Agreement entered into in connection with the Distribution.

During the second quarter of 2026, the Company identified an error in the calculation of the income tax provision, including the split between current and deferred income taxes. Management determined the error was not material to any previously issued or current period financial statements. Accordingly, the Company recorded a correction in the current quarter to Deferred tax liabilities of $33.4 million with a corresponding offset in Net transfers (to) from Hexagon in the Condensed Consolidated Statements of Equity.

Supplemental cash flow information related to taxes is as follows:


	Six Months Ended June 30,
		2026		2025
Income taxes paid, net of refunds		$	16,705	$	1,712

- Definition

The entire disclosure for income tax.

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GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Indefinite-life intangibles:
Impairment	$ 1,671,000	$ 0	$ 1,671,000	$ 0
Indefinite-life intangible asset impairment	463,660	0	463,660	0
Costs capitalized	29,200	34,000	60,300	66,400
Amortization of intangible assets	$ 24,900	$ 20,000	$ 50,200	$ 39,100
Trademarks
Indefinite-life intangibles:
Useful life	2 years		2 years
Trademarks
Indefinite-life intangibles:
Indefinite-life intangibles	$ 0		$ 0		$ 481,234

- Definition

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- Definition

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EARNINGS PER SHARE - Narrative (Details) - $ / shares		3 Months Ended		6 Months Ended
EARNINGS PER SHARE - Narrative (Details) - $ / shares	May 22, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Class of Stock [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		0	0	0	0
Hexagon AB
Class of Stock [Line Items]
Nonmonetary transaction, shares issued upon conversion (in shares)	268,437,788
Class A Ordinary Shares
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01		$ 0.01		$ 0.01
Class A Ordinary Shares \| Hexagon AB
Class of Stock [Line Items]
Nonmonetary transaction, shares issued upon conversion (in shares)	11,025,000
Class B Ordinary Shares
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01		$ 0.01		$ 0.01
Class B Ordinary Shares \| Hexagon AB
Class of Stock [Line Items]
Nonmonetary transaction, shares issued upon conversion (in shares)	257,412,788

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+ Details

EMPLOYEE BENEFIT PLANS - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 3,221	$ 3,273	$ 6,703	$ 6,802
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfRevenue
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	288	269	602	558
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Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,281	1,249	2,655	2,580
Location, Statement of Income, Balance [Axis]: us-gaap:ResearchAndDevelopmentExpense
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	667	687	1,391	1,427
Location, Statement of Income, Balance [Axis]: us-gaap:SellingAndMarketingExpense
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 985	$ 1,068	$ 2,055	$ 2,237

RESTRUCTURING CHARGES (Details) - USD ($) $ in Thousands	6 Months Ended
RESTRUCTURING CHARGES (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	$ 13,775	$ 6,764
Charges	5,352	4,040
Utilization	(15,455)	(5,015)
Balance as of end of period	$ 3,672	$ 5,789

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

LEASES - Lease Term and Discount Rate Information (Details)	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
Weighted-average remaining lease term (in years)	7 years 2 months 12 days	7 years 2 months 12 days
Weighted-average discount rate	5.10%	4.00%

EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

EMPLOYEE BENEFIT PLANS

Periods Prior to the Distribution

Prior to the Distribution, the Company’s employees participated in Hexagon's equity compensation plans. All awards granted under these plans were based on Hexagon's ordinary shares. As such, stock-based compensation expense was allocated to the Company based upon the portion of Hexagon's equity compensation plans in which the Company's employees participated. These amounts are not necessarily indicative of future stock-based compensation expense and do not reflect what the Company would have experienced as an independent company for the periods presented prior to the Distribution.

Stock-based Compensation

Compensation cost recognized in the Condensed Consolidated Statements of Operations pertaining to stock-based compensation arrangements is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of revenue	$	288	$	269	$	602	$	558
Sales and marketing	985		1,068		2,055		2,237
General and administrative	1,281		1,249		2,655		2,580
Research and development	667		687		1,391		1,427
Total stock-based compensation expense	$	3,221	$	3,273	$	6,703	$	6,802

Executive Annual Incentive Plan

On May 20, 2026, the Compensation Committee approved and adopted the Octave Intelligence plc Executive Annual Incentive Plan (the “ Incentive Plan”), effective as of January 1, 2026.

The Incentive Plan provides participants, including the Company’s named executive officers, with the opportunity to earn annual cash incentive awards, as determined by the Compensation Committee. Under the Incentive Plan, the Compensation Committee will establish individual target awards and performance goals for each performance period. Awards are contingent upon the achievement of the applicable performance goals established by the Compensation Committee and may be adjusted, reduced or increased in the Compensation Committee’s discretion, subject to the terms of the Incentive Plan.

Long-term Incentive Plan

On April 27, 2026, the Company’s shareholder approved the Octave Intelligence plc Long-Term Incentive Plan (the "2026 Plan"), which the Board of Directors subsequently approved on May 6, 2026.

The 2026 Plan provides eligible participants, including the Company’s employees, non-employee directors and consultants, with the opportunity to receive equity-based and cash-based awards, as determined by the Compensation Committee. Under the 2026 Plan, the Compensation Committee may grant share options, share appreciation rights, restricted shares, restricted share units, dividend equivalent rights and other share-based or cash-based awards, in each case in respect of the Company’s Class B Ordinary Shares and subject to the vesting, performance and other terms and conditions established in the applicable award agreement. A total of up to 18,308,160 Class B Ordinary Shares is reserved for issuance under the 2026 Plan, subject to equitable adjustment in the event of certain changes in the Company’s capitalization.

Employee Share Purchase Plan

On April 27, 2026, the Company’s shareholder approved the Octave Intelligence plc Employee Share Purchase Plan (the “ESPP”), which the Board of Directors subsequently approved on May 6, 2026.

The ESPP allows eligible employees to purchase Class B Ordinary Shares through payroll deductions of up to 15% of eligible pay. Shares may be purchased on the last trading day of each six-month offering period at 85% of the lower of (i) the share price on the first trading day of the offering period and (ii) the share price on the purchase date. A total of up to 2,684,377 Class B Ordinary Shares is reserved for issuance under the ESPP, subject to equitable adjustment in the event of certain changes in the Company’s capitalization.

Defined Contribution Plans

Certain employees of the Company participate in various defined contribution plans. For the three months ended June 30, 2026 and 2025, defined contribution plan costs were $8.5 million and $8.7 million, respectively. For the six months ended June 30, 2026 and 2025, defined contribution plan costs were $15.7 million and $18.1 million, respectively.

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2026	Aug. 10, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2026
Document Transition Report	false
Entity File Number	001-43124
Registrant Name	Octave Intelligence plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-1878833
Entity Address, Address Line One	305 Intergraph Way
Entity Address, City or Town	Madison
Entity Address, State or Province	AL
Entity Address, Postal Zip Code	35758
City Area Code	256
Local Phone Number	730-2000
Title of 12(b) Security	Class B Ordinary Shares, $0.01 Par Value
Trading Symbol	OCTV
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2026
Current Fiscal Year End Date	--12-31
Central Index Key	0002083632
Class A Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,025,000
Class B Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		257,412,788

DEBT - Narrative (Details)		3 Months Ended	6 Months Ended
DEBT - Narrative (Details)	Apr. 27, 2026 USD ($) extensionOption qtr quarterlyInterval	Jun. 30, 2026 USD ($)	Jun. 30, 2026 USD ($)	Apr. 27, 2026 EUR (€) qtr quarterlyInterval
Debt Instrument [Line Items]
Interest expense, debt		$ 3,400,000	$ 3,400,000
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt, fair value		$ 621,200,000	$ 621,200,000
Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Leverage ratio	3.5			3.5
Leverage ratio, maximum	4.0			4.0
Leverage ratio, number of quarters following an acquisition \| qtr	3			3
Leverage ratio, number of quarters, minimum \| quarterlyInterval	2			2
Credit Agreement \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Credit Agreement \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Unsecured Debt \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, term	4 years
Debt instrument, face amount	$ 350,000,000.0			€ 150,000,000.0
Revolving Credit Facility \| Credit Agreement \| Minimum
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage	0.15%
Revolving Credit Facility \| Credit Agreement \| Maximum
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage	0.25%
Revolving Credit Facility \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, term	5 years
Number of extension options \| extensionOption	2
Extension period	1 year
Maximum borrowing capacity	$ 500,000,000.0
Higher borrowing capacity option	250,000,000.0
Letter of Credit \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000.0
Bridge Loan \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000.0

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is subject to routine legal proceedings, as well as demands, claims and threatened litigation that arise in the normal course of the business. The ultimate outcome of any litigation is often uncertain and unfavorable outcomes could have a negative impact on the results of operations and financial condition. The Company regularly reviews the status of each significant matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount or the range of loss can be estimated, the Company accrues a liability for the estimated loss. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based on the Company’s judgments using the best information available at the time. Actions currently pending are in various stages and no material judgments or decisions have been rendered by hearing boards or courts in connection with such actions. The Company does not believe the outcome of these matters, individually or in the aggregate, will have a material effect on the Condensed Consolidated Financial Statements.

LEASES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Lessee, Lease, Description [Line Items]
Operating lease, renewal term	5 years		5 years
Operating lease expense	$ 4.9	$ 5.2	$ 9.5	$ 10.0
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, remaining term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, remaining term	10 years		10 years

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ACQUISITIONS AND DIVESTITURES - Schedule of Contingent Consideration (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Business Combination, Contingent Consideration, Liability [Roll Forward]
Balance as of beginning of period	$ 6,067	$ 61,017
Additions	2,888	0
Payments	(606)	0
Change in fair value	(2,622)	(12,544)
Balance as of end of period	$ 5,727	$ 48,473

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Definite-life intangibles:
Gross Carrying Amount	$ 2,290,308	$ 2,225,684
Gross Carrying Amount, Capitalized development expenses	981,703	921,399
Accumulated Amortization	(1,128,472)	(1,057,510)
Accumulated Amortization, Capitalized development expenses	(597,502)	(546,111)
Net Carrying Amount	1,161,836	1,168,174
Net Carrying Amount, Capitalized development expenses	384,201	375,288
Indefinite-life intangibles:
Gross Carrying Amount	2,290,308	2,706,918
Accumulated Amortization	(1,128,472)	(1,057,510)
Net Carrying Amount	1,161,836	1,649,408
Trademarks
Indefinite-life intangibles:
Indefinite-life intangibles	0	481,234
Developed technology
Definite-life intangibles:
Gross Carrying Amount	572,827	574,250
Accumulated Amortization	(280,937)	(266,368)
Net Carrying Amount	291,890	307,882
Indefinite-life intangibles:
Accumulated Amortization	(280,937)	(266,368)
Customer relationships
Definite-life intangibles:
Gross Carrying Amount	646,116	652,028
Accumulated Amortization	(185,307)	(176,158)
Net Carrying Amount	460,809	475,870
Indefinite-life intangibles:
Accumulated Amortization	(185,307)	(176,158)
Other Intangible Assets
Definite-life intangibles:
Gross Carrying Amount	71,893	78,007
Accumulated Amortization	(63,986)	(68,873)
Net Carrying Amount	7,907	9,134
Indefinite-life intangibles:
Accumulated Amortization	(63,986)	(68,873)
Trademarks
Definite-life intangibles:
Gross Carrying Amount	17,769	0
Accumulated Amortization	(740)	0
Net Carrying Amount	17,029	0
Indefinite-life intangibles:
Accumulated Amortization	$ (740)	$ 0

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2026
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Allocation of Corporate Expenses Prior to the Distribution, the Company's Condensed Consolidated Statements of Operations included expense allocations for certain corporate functions and support services provided by Hexagon on a centralized basis, including accounting and financial reporting, treasury, tax, legal, human resources, information technology, and other shared services. These expenses were allocated to the Company based on direct usage when specifically identifiable, with the remainder allocated on a pro rata basis of revenue of the Company and Hexagon. Management considers these allocations to be a reasonable reflection of the utilization of services provided or the benefit received by the Company during the periods presented; however, these allocations may not be indicative of the actual expenses that would have been incurred had the Company been a standalone company. All such amounts have been deemed to have been incurred and settled in the period in which the costs were recorded and are included within Net investment by Hexagon on the Condensed Consolidated Balance Sheets. For the three months ended June 30, 2026 and 2025, allocations of general corporate expenses were $0.9 million and $2.7 million, respectively. For the six months ended June 30, 2026 and 2025, allocations of general corporate expenses were $2.6 million and $5.3 million, respectively. Cash Payment to Hexagon On May 22, 2026, in connection with the Distribution, the Company made a cash payment of $625.0 million to Hexagon, funded with proceeds from the Credit Facilities. Net Investment by Hexagon Prior to the Distribution, Net investment by Hexagon in the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Equity represented Hexagon's historical investment in the Company, the accumulated net earnings after taxes, and the net effect of transactions with and allocations from Hexagon. As a result of the Distribution, Net investment by Hexagon in the Condensed Consolidated Balance Sheets was settled on May 22, 2026. Accordingly, there was no balance in Net investment by Hexagon as of June 30, 2026. Related Party Sales One or more members of the Company’s Board of Directors is an executive officer of an entity whose parent company also controls certain customers of the Company. Any such Director does not control, and is not a director or executive officer of any entity that controls, any of those customers. The Company believes sales to those customers are and have been conducted in the ordinary course of business and on arm’s-length terms.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

+ Details

EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

Compensation cost recognized in the Condensed Consolidated Statements of Operations pertaining to stock-based compensation arrangements is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of revenue	$	288	$	269	$	602	$	558
Sales and marketing	985		1,068		2,055		2,237
General and administrative	1,281		1,249		2,655		2,580
Research and development	667		687		1,391		1,427
Total stock-based compensation expense	$	3,221	$	3,273	$	6,703	$	6,802

GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill are as follows:


Balance as of December 31, 2025	$	6,221,366
Acquisitions	8,556
Impairment	(1,671,000)
Foreign currency translation adjustments	(3,929)
Balance as of June 30, 2026 (1)	$	4,554,993

_________________________

(1) The carrying amount of goodwill is presented net of accumulated impairment losses of $1,671.0 million.

Goodwill Impairment

Following the commencement of regular-way trading of the Company’s Class B Ordinary Shares, the Company’s market capitalization remained below the Company’s carrying value. Management considered the market capitalization, together with current capital market conditions, to be a triggering event requiring an interim goodwill impairment assessment as of June 30, 2026.

As a result, the Company performed a quantitative goodwill impairment test by comparing the carrying amount of its single reporting unit to its estimated fair value. The Company’s estimated fair value was determined using a combination of income and market approaches. The income approach consisted of a discounted cash flow analysis which required judgment in developing projections about future revenue growth, operating margins, capital expenditures, and the appropriate discount rate, all of which serve as key assumptions. The market approaches included guideline public company and guideline transaction methods, as well as consideration of the Company’s observed market capitalization as of June 30, 2026.

To corroborate the Company’s estimated fair value, a reconciliation to the Company’s market capitalization as of June 30, 2026 was performed and concluded that the implied control premium was reasonable as compared to relevant market transactions in similar industries.

Based on the results of the quantitative goodwill impairment test, the carrying amount of the Company’s single reporting unit exceeded its estimated fair value. Accordingly, the Company recognized a non-cash goodwill impairment charge of $1,671.0 million during the three and six months ended June 30, 2026. The charge was recorded in Other operating expense (income), net in the Condensed Consolidated Statements of Operations. The goodwill impairment charge did not result in any current cash expenditure and did not affect the Company’s cash flows from operating activities or compliance with the financial covenants under the Company’s Credit Agreement.

Intangible Assets

Components of intangible assets other than goodwill are as follows:


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles:
Developed technology	$	572,827	$	(280,937)	$	291,890	$	574,250	$	(266,368)	$	307,882
Customer relationships	646,116		(185,307)		460,809		652,028		(176,158)		475,870
Capitalized development expenses	981,703		(597,502)		384,201		921,399		(546,111)		375,288
Other Intangible Assets	71,893		(63,986)		7,907		78,007		(68,873)		9,134
Trademarks	17,769		(740)		17,029		—		—		—
Total definite-life intangibles	2,290,308		(1,128,472)		1,161,836		2,225,684		(1,057,510)		1,168,174
Indefinite-life intangibles:
Trademarks	—		—		—		481,234		—		481,234
Total Intangible assets	$	2,290,308	$	(1,128,472)	$	1,161,836	$	2,706,918	$	(1,057,510)	$	1,649,408

The aggregate amortization expense for definite-life intangible assets is reflected in the Condensed Consolidated Statements of Operations as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of subscriptions and licenses	$	295	$	286	$	581	$	571
Amortization of intangible assets	44,570		38,284		87,563		75,637
Total amortization expense	$	44,865	$	38,570	$	88,144	$	76,208

Indefinite-Life Intangible Asset Impairment - Transition to a Unified Octave Brand

Following the Hexagon shareholders’ approval of the Distribution on April 24, 2026, management initiated the phase out of legacy brands and transition of the Octave business to a unified Octave brand. As such, the Company performed an assessment of the useful life estimates of all trademarks which have historically been carried as indefinite-life intangible assets in the Condensed Consolidated Balance Sheets and had a carrying amount of $481.2 million as of December 31, 2025. In completing this assessment, management concluded all trademark assets should no longer be carried as indefinite-life intangible assets, but rather determined each to have a finite useful life.

As such, management performed a quantitative impairment test subsequent to such approval. The fair value of the trademarks was estimated using the relief-from-royalty method, a form of the income approach. The quantitative impairment test consisted of a comparison of the fair value of the Company’s trademarks with the carrying amount, and in all cases where the carrying amount exceeded its fair value, an impairment charge was recognized in an amount equal to the excess. For each trademark, after the impairment charge was recognized, the adjusted carrying amount of the intangible asset serves as its new accounting basis which will be amortized prospectively over its remaining useful life of two years. During the three months ended June 30, 2026, the Company recognized a non-cash impairment charge of $463.7 million. The charge was recorded in Other operating expense (income), net in the Condensed Consolidated Statements of Operations. The indefinite-life impairment charge did not result in any current cash expenditure and did not affect the Company’s cash flows from operating activities or compliance with the financial covenants under the Company’s Credit Agreement.

Capitalized Development Expenses

For the three months ended June 30, 2026 and 2025, total costs capitalized were $29.2 million and $34.0 million, respectively. For the six months ended June 30, 2026 and 2025, total costs capitalized were $60.3 million and $66.4 million, respectively. For the three months ended June 30, 2026 and 2025, the related amortization recorded within Amortization of intangible assets in the Condensed Consolidated Statements of Operations was $24.9 million and $20.0 million, respectively. For the six months ended June 30, 2026 and 2025, the related amortization recorded within Amortization of intangible assets in the Condensed Consolidated Statements of Operations was $50.2 million and $39.1 million, respectively.

Goodwill and Indefinite-Life Intangible Asset Impairment

The Company recorded goodwill and indefinite-life intangible asset impairment charges during the period within Other operating expense (income), net in the Condensed Consolidated Statements of Operations. A summary of components within this account are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Goodwill impairment	$	1,671,000	$	—	$	1,671,000	$	—
Indefinite-life intangible asset impairment	463,660		—		463,660		—
Other operating expense (income)	2,326		(16,529)		6,779		(12,976)
Total Other operating expense (income), net	$	2,136,986	$	(16,529)	$	2,141,439	$	(12,976)

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Cash paid for amounts included in operating lease liabilities	$ 11,193	$ 10,840
Right-of-use assets obtained in exchange for operating lease obligations	$ 17,594	$ 5,634

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Apr. 27, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Defined contribution plan costs		$ 8.5	$ 8.7	$ 15.7	$ 18.1
2026 Long term Incentive Plan \| Class B Ordinary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Capital shares reserved for future issuance (in shares)	18,308,160
2026 Employee Share Purchase Plan \| Employee Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Percent of compensation allowed for purchase of options	15.00%
Offering period	6 months
Purchase price of ESPP shares, percent	85.00%
2026 Employee Share Purchase Plan \| Class B Ordinary Shares \| Employee Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Capital shares reserved for future issuance (in shares)	2,684,377

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Abstract]
Effective tax rate	5.00%	22.00%	4.00%	21.00%
Income tax examination, liability (refund) adjustment from settlement with taxing authority	$ 31.0		$ 31.0
Income tax expense (benefit), adjustment of deferred tax (asset) liability	$ 33.4

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 304,147	$ 156,069
Accounts receivable, net	375,640	400,686
Prepaids and other current assets	98,300	100,008
Total current assets	778,087	656,763
Property and equipment, net	23,417	54,642
Property and equipment held for sale	30,888	0
Operating lease right-of-use assets	52,037	50,605
Goodwill	4,554,993	6,221,366
Intangible assets, net	1,161,836	1,649,408
Deferred income taxes	31,441	29,903
Other noncurrent assets	57,051	33,564
Total assets	6,689,750	8,696,251
Current liabilities:
Accounts payable	54,834	48,765
Accrued compensation	90,328	113,532
Deferred revenue	436,983	380,612
Operating lease liabilities	13,991	15,683
Other current liabilities	160,153	94,282
Total current liabilities	756,289	652,874
Long-term debt	621,284	0
Operating lease liabilities - noncurrent	39,604	36,770
Deferred income taxes	152,584	269,152
Other noncurrent liabilities	40,039	59,820
Total liabilities	1,609,800	1,018,616
Commitments and contingencies (Note 12)
EQUITY
Preferred shares, $0.01 par value; 1,000,000 shares authorized; no shares issued	0	0
Additional paid-in-capital	6,783,958	0
Net investment by Hexagon	0	7,749,558
Retained earnings	(1,629,928)	0
Accumulated other comprehensive loss	(76,764)	(71,923)
Total equity	5,079,950	7,677,635
Total liabilities and equity	6,689,750	8,696,251
Class A Ordinary Shares
EQUITY
Ordinary Shares, $0.01 par value; 4,500,000 shares authorized	$ 110	$ 0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Class B Ordinary Shares
EQUITY
Ordinary Shares, $0.01 par value; 4,500,000 shares authorized	$ 2,574	$ 0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

RELATED PARTY TRANSACTIONS (Details) $ in Thousands		3 Months Ended		6 Months Ended
RELATED PARTY TRANSACTIONS (Details) $ in Thousands	May 22, 2026 USD ($)	Jun. 30, 2026 USD ($) member	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) member	Jun. 30, 2025 USD ($)
Related Party Transaction [Line Items]
General and administrative		$ 39,469	$ 43,467	$ 82,061	$ 79,859
Number of members with board relations \| member		1		1
Hexagon AB
Related Party Transaction [Line Items]
Nonmonetary transaction, cash paid to shareholders	$ 625,000
Related Party
Related Party Transaction [Line Items]
General and administrative		$ 900	$ 2,700	$ 2,600	$ 5,300

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue:
Total revenue	$ 398,414	$ 413,341	$ 784,915	$ 796,145
Cost of revenue:
Total cost of revenue	92,763	106,914	181,586	206,476
Gross profit	305,651	306,427	603,329	589,669
Operating expenses:
Research and development	54,578	46,442	102,064	89,844
Sales and marketing	99,973	97,903	196,493	186,541
General and administrative	39,469	43,467	82,061	79,859
Amortization of intangible assets	44,570	38,284	87,563	75,637
Other operating expense (income), net	2,136,986	(16,529)	2,141,439	(12,976)
Total operating expenses	2,375,576	209,567	2,609,620	418,905
Income (loss) from operations	(2,069,925)	96,860	(2,006,291)	170,764
Other income (expense), net	3,754	(340)	4,102	211
Interest expense, net	(1,757)	0	(1,757)	0
Income (loss) before income tax	(2,067,928)	96,520	(2,003,946)	170,975
Provision (benefit) for income taxes	(97,250)	21,352	(80,649)	36,321
Net income (loss)	$ (1,970,678)	$ 75,168	$ (1,923,297)	$ 134,654
Earnings per share - basic (in dollars per share)	$ (7.34)	$ 0.28	$ (7.16)	$ 0.50
Earnings per share - diluted (in dollars per share)	$ (7.34)	$ 0.28	$ (7.16)	$ 0.50
Weighted average ordinary shares outstanding - basic (in shares)	268,438	268,438	268,438	268,438
Weighted average ordinary shares outstanding - diluted (in shares)	268,438	268,438	268,438	268,438
Subscriptions
Revenue:
Total revenue	$ 282,813	$ 267,334	$ 561,993	$ 526,166
Licenses
Revenue:
Total revenue	39,104	50,983	74,229	93,622
Subscriptions and licenses
Revenue:
Total revenue	321,917	318,317	636,222	619,788
Cost of revenue:
Total cost of revenue	39,980	41,724	83,766	81,208
Services and other
Revenue:
Total revenue	76,497	95,024	148,693	176,357
Cost of revenue:
Total cost of revenue	$ 52,783	$ 65,190	$ 97,820	$ 125,268

LEASES

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

LEASES

The Company’s operating lease portfolio includes office facilities and automobiles. The majority of the Company’s leases have remaining lease terms of one year to 10 years, some of which include options to extend the leases for five years or more. A portion of the Company’s real estate leases is subject to annual changes in the Consumer Price Index (“CPI”). The changes to the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred.

For the three months ended June 30, 2026 and 2025, operating lease expense, which includes immaterial amounts of short-term leases and variable lease costs, was $4.9 million and $5.2 million, respectively. For the six months ended June 30, 2026 and 2025, operating lease expense, which includes immaterial amounts of short-term leases and variable lease costs, was $9.5 million and $10.0 million, respectively.

Lease term and discount rate information related to operating leases are as follows:


	As of
	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	7.2		7.2
Weighted-average discount rate	5.1	%	4.0	%

Supplemental cash flow information related to operating leases is as follows:


	Six Months Ended June 30,
		2026		2025
Cash paid for amounts included in operating lease liabilities		$	11,193	$	10,840
Right-of-use assets obtained in exchange for operating lease obligations		$	17,594	$	5,634

OTHER BALANCE SHEET COMPONENTS

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER BALANCE SHEET COMPONENTS

A summary of certain balance sheet components is as follows:


	As of
	June 30, 2026		December 31, 2025
Accounts receivable, net:
Trade receivables	$	305,772	$	340,360
Unbilled receivables	91,427		80,741

Allowance for doubtful accounts	(21,559)		(20,415)
Total Accounts receivable, net	$	375,640	$	400,686

Prepaids and other current assets:
Prepaid expenses	$	82,322	$	82,950
Other current assets	15,978		17,058
Total Prepaids and other current assets	$	98,300	$	100,008

Other current liabilities:
Accrued expenses	$	67,167	$	55,184
Income tax payable (1)	53,649		—
Accrued indirect taxes	9,448		18,904
Restructuring reserve	3,672		13,775
Other current liabilities	3,314		6,419
Other short-term borrowings	22,903		—
Total Other current liabilities	$	160,153	$	94,282

_________________________

(1) In preparation for the spin-off, Hexagon transferred certain assets and liabilities to Octave, including income tax payable balances which were generated by both Octave and Hexagon businesses prior to the Distribution.

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Sale Lease-back Transaction On April 21, 2026, the Company became bound to effect a sale-leaseback transaction pursuant to which it will sell its corporate headquarters located in Madison, Alabama, which serves as Octave’s principal executive offices, for gross proceeds of approximately $57.3 million subject to customary closing procedures. As of June 30, 2026, the assets associated with this transaction were classified as Property and equipment held for sale in the Condensed Consolidated Balance Sheets. The sale closed on July 1, 2026, and concurrently with the closing of the sale, Octave entered into a lease agreement with the third-party purchaser that allows Octave to continue to use a portion of the facilities. While the accounting treatment for this transaction has not been finalized, management expects to record a gain on sale of approximately $26.4 million during the third quarter of this year. The Company utilized the gross proceeds from this transaction to repay borrowings under the Revolving Credit Facility. Capital Reduction On July 23, 2026, the High Court of Ireland approved the capital reduction of the Company's share capital (which includes share premium) in an amount of $6.0 billion (the "Capital Reduction"). The Capital Reduction establishes distributable reserves under the Irish Companies Act, which are a prerequisite for the Company to effect share repurchases, pay dividends, or make other distributions to shareholders. No share repurchase program or dividend has been authorized by the Board of Directors as of the date of this filing.

SUBSEQUENT EVENTS (Details) - USD ($)			3 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($)	Jul. 23, 2026	Apr. 21, 2026	Sep. 30, 2026
Subsequent Event [Line Items]
Proceeds from sale leaseback transaction		$ 57,300,000
Subsequent Event
Subsequent Event [Line Items]
Capital reduction amount	$ 6,000,000,000.0
Share repurchase program, authorized, amount	0
Dividends, common stock	$ 0
Subsequent Event \| Forecast
Subsequent Event [Line Items]
Sale and leaseback transaction, gain (loss)			$ 26,400,000

REVENUE FROM CONTRACTS WITH CUSTOMER - Schedule of Revenue Streams (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Total revenue	$ 398,414	$ 413,341	$ 784,915	$ 796,145
Subscriptions and licenses
Disaggregation of Revenue [Line Items]
Total revenue	321,917	318,317	636,222	619,788
Subscriptions
Disaggregation of Revenue [Line Items]
Total revenue	282,813	267,334	561,993	526,166
Subscription licenses
Disaggregation of Revenue [Line Items]
Total revenue	72,549	73,647	144,911	147,814
SaaS
Disaggregation of Revenue [Line Items]
Total revenue	87,225	70,999	171,894	138,848
Maintenance subscription
Disaggregation of Revenue [Line Items]
Total revenue	123,039	122,688	245,188	239,504
Licenses
Disaggregation of Revenue [Line Items]
Total revenue	39,104	50,983	74,229	93,622
Services and other
Disaggregation of Revenue [Line Items]
Total revenue	$ 76,497	$ 95,024	$ 148,693	$ 176,357

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share - Basic and Diluted


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss)	$	(1,970,678)	$	75,168	$	(1,923,297)	$	134,654
Weighted average ordinary shares outstanding - basic and diluted	268,438		268,438		268,438		268,438
Earnings per share - basic and diluted	$	(7.34)	$	0.28	$	(7.16)	$	0.50

EARNINGS PER SHARE - Schedule of Earnings Per Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Earnings Per Share [Abstract]
Net income (loss)	$ (1,970,678)	$ 47,381	$ 75,168	$ 59,486	$ (1,923,297)	$ 134,654
Weighted average ordinary shares outstanding - basic (in shares)	268,438		268,438		268,438	268,438
Weighted average ordinary shares outstanding - diluted (in shares)	268,438		268,438		268,438	268,438
Earnings per share - basic (in dollars per share)	$ (7.34)		$ 0.28		$ (7.16)	$ 0.50
Earnings per share - diluted (in dollars per share)	$ (7.34)		$ 0.28		$ (7.16)	$ 0.50

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

ACQUISITIONS AND DIVESTITURES

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

ACQUISITIONS AND DIVESTITURES

2026 Acquisitions

For the six months ended June 30, 2026, the Company completed two business combinations for aggregate cash consideration of $11.1 million, net of cash acquired. The contingent consideration for these acquisitions was $2.9 million. The total purchase consideration was allocated as follows: $2.9 million to acquired intangible assets, $8.6 million to goodwill, and $0.4 million to net tangible liabilities. The acquired intangible assets consisted primarily of customer relationships and developed technology, which were valued using the income approach. Of the goodwill recognized with these acquisitions, $0.8 million is expected to be deductible for tax purposes.

The Company’s transaction costs related to these 2026 acquisitions were not material. The financial results of these acquisitions were included in the Condensed Consolidated Financial Statements from the acquisition dates.

2025 Acquisitions

For the six months ended June 30, 2025, the Company completed two business combinations for aggregate cash consideration of $16.8 million, net of cash acquired. The total purchase consideration was allocated as follows: $2.9 million to acquired intangible assets, $13.8 million to goodwill, and $0.1 million to net tangible assets. The acquired intangible assets consisted primarily of customer relationships and trademarks, which were valued using the income approach. Of the goodwill recognized with these acquisitions, $1.7 million is expected to be deductible for tax purposes.

The Company’s transaction costs related to these 2025 acquisitions were not material. The financial results of these acquisitions were included in the Condensed Consolidated Financial Statements from the acquisition dates.

2025 Divestitures

For the six months ended June 30, 2025, the Company divested one non-core business for total cash proceeds of $4.1 million. The divested business included $4.5 million of net assets. The Company recorded a loss on divestiture of approximately $0.4 million, which is included in Other income (expense), net. The Company’s transaction costs related to the 2025 divestiture were not material.

Contingent Consideration

Some of the Company’s acquisitions contain contingent consideration which is based on the acquired company’s earnings for a predetermined period. These contingent consideration liabilities are included in Other current liabilities and Other noncurrent liabilities in the Condensed Consolidated Balance Sheets, depending on the expected timing of settlement. Additions to contingent consideration recognized in connection with acquisitions are non-cash in nature. Payments of contingent consideration are cash in nature. Change in fair value is recognized in Other operating expense (income), net in the Condensed Consolidated Statements of Operations.

Activity related to the Company’s contingent consideration is as follows:


Balance as of December 31, 2024	$	61,017
Additions	—
Payments	—
Change in fair value	(12,544)
Balance as of June 30, 2025	$	48,473

Balance as of December 31, 2025	$	6,067
Additions	2,888
Payments	(606)
Change in fair value	(2,622)
Balance as of June 30, 2026	$	5,727

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ (1,923,297)	$ 134,654
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	93,416	81,648
Stock-based compensation expense	6,703	6,802
Deferred income taxes	(97,472)	12,183
Total Other operating expense (income), net	2,134,660	0
Remeasurement of contingent consideration reserves	(2,622)	(12,544)
Restructuring charges	(10,103)	(975)
Other	(112)	1,546
Changes in assets and liabilities, net of effect from acquisitions:
Accounts receivable	22,678	17,979
Prepaids and other current assets	2,382	(5,979)
Accounts payable	4,080	(396)
Accrued compensation	(23,204)	(14,969)
Deferred revenue	31,492	29,972
Other assets and liabilities	2,277	(1,403)
Net cash provided by operating activities	240,878	248,518
Cash flows from investing activities:
Purchases of property and equipment	(5,095)	(3,540)
Capitalization of software development costs	(60,271)	(66,443)
Acquisitions, net of cash acquired	(11,115)	(16,751)
Purchases of investments	(15,000)	0
Proceeds from divestitures	0	4,136
Other	(773)	(1,305)
Net cash used in investing activities	(92,254)	(83,903)
Cash flows from financing activities:
Proceeds from issuance of term loans	524,420	0
Proceeds from revolving credit facility	149,070	0
Repayment of revolving credit facility	(46,500)	0
Debt issuance costs	(3,779)	0
Net transfers to Hexagon	(16,048)	(166,195)
Cash payment to Hexagon in connection with the Distribution	(625,000)	0
Payment of contingent consideration	(606)	0
Proceeds from other short-term borrowings	22,903	0
Net cash provided by (used in) financing activities	4,460	(166,195)
Effect of foreign exchange rate changes on cash and cash equivalents	(5,006)	6,015
Net increase in cash and cash equivalents	148,078	4,435
Cash and cash equivalents at beginning of period	156,069	97,214
Cash and cash equivalents at end of period	$ 304,147	$ 101,649

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Ordinary shares Class A Ordinary Shares	Ordinary shares Class B Ordinary Shares	Additional paid-in-capital	Net investment by Hexagon	Retained earnings	Accumulated other comprehensive income (loss)
Balance, beginning of period (in shares) at Dec. 31, 2024		0	0
Balance as of beginning of period at Dec. 31, 2024	$ 7,673,687	$ 0	$ 0	$ 0	$ 7,795,874	$ 0	$ (122,187)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	59,486				59,486
Foreign currency translation adjustments	16,181						16,181
Net transfers (to) from Hexagon	(71,575)				(71,575)
Balance, end of period (in shares) at Mar. 31, 2025		0	0
Balance as of end of period at Mar. 31, 2025	7,677,779	$ 0	$ 0	0	7,783,785	0	(106,006)
Balance, beginning of period (in shares) at Dec. 31, 2024		0	0
Balance as of beginning of period at Dec. 31, 2024	7,673,687	$ 0	$ 0	0	7,795,874	0	(122,187)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	134,654
Foreign currency translation adjustments	46,516
Balance, end of period (in shares) at Jun. 30, 2025		0	0
Balance as of end of period at Jun. 30, 2025	7,695,463	$ 0	$ 0	0	7,771,134	0	(75,671)
Balance, beginning of period (in shares) at Mar. 31, 2025		0	0
Balance as of beginning of period at Mar. 31, 2025	7,677,779	$ 0	$ 0	0	7,783,785	0	(106,006)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	75,168				75,168
Foreign currency translation adjustments	30,335						30,335
Net transfers (to) from Hexagon	(87,819)				(87,819)
Balance, end of period (in shares) at Jun. 30, 2025		0	0
Balance as of end of period at Jun. 30, 2025	7,695,463	$ 0	$ 0	0	7,771,134	0	(75,671)
Balance, beginning of period (in shares) at Dec. 31, 2025		0	0
Balance as of beginning of period at Dec. 31, 2025	7,677,635	$ 0	$ 0	0	7,749,558	0	(71,923)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	47,381				47,381
Foreign currency translation adjustments	(7,638)						(7,638)
Net transfers (to) from Hexagon	(56,753)				(56,753)
Balance, end of period (in shares) at Mar. 31, 2026		0	0
Balance as of end of period at Mar. 31, 2026	7,660,625	$ 0	$ 0	0	7,740,186	0	(79,561)
Balance, beginning of period (in shares) at Dec. 31, 2025		0	0
Balance as of beginning of period at Dec. 31, 2025	7,677,635	$ 0	$ 0	0	7,749,558	0	(71,923)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,923,297)
Foreign currency translation adjustments	(4,841)
Balance, end of period (in shares) at Jun. 30, 2026		11,025,000	257,413,000
Balance as of end of period at Jun. 30, 2026	5,079,950	$ 110	$ 2,574	6,783,958	0	(1,629,928)	(76,764)
Balance, beginning of period (in shares) at Mar. 31, 2026		0	0
Balance as of beginning of period at Mar. 31, 2026	7,660,625	$ 0	$ 0	0	7,740,186	0	(79,561)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,970,678)				(340,750)	(1,629,928)
Foreign currency translation adjustments	2,797						2,797
Net transfers (to) from Hexagon	10,821				10,821
Cash payment to Hexagon in connection with the Distribution	(625,000)				(625,000)
Issuance of Ordinary Shares in connection with the Distribution (in shares)		11,025,000	257,413,000
Issuance of Ordinary Shares in connection with the Distribution	0	$ 110	$ 2,574	6,782,573	(6,785,257)
Stock-based compensation expense	1,385			1,385
Balance, end of period (in shares) at Jun. 30, 2026		11,025,000	257,413,000
Balance as of end of period at Jun. 30, 2026	$ 5,079,950	$ 110	$ 2,574	$ 6,783,958	$ 0	$ (1,629,928)	$ (76,764)

Condensed Consolidated Balance Sheets (Unaudited) - (Parenthetical) - $ / shares	Jun. 30, 2026	Dec. 31, 2025
Statement [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Class A Ordinary Shares
Statement [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	4,500,000	4,500,000
Class B Ordinary Shares
Statement [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	4,500,000	4,500,000

- Definition

The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.

+ References + Details

- Definition

Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 71: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(6)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 72: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(6)(c))
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-Topic 946
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-Name Accounting Standards Codification
-Section S99
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 74: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 75: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
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Reference 76: http://www.xbrl.org/2003/role/disclosureRef
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Reference 77: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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Reference 78: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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Reference 79: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
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Reference 80: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 81: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
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Reference 82: http://www.xbrl.org/2003/role/disclosureRef
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Reference 85: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Section S99
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Reference 86: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-3

+ Details

OTHER BALANCE SHEET COMPONENTS (Tables)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Certain Balance Sheet Components

A summary of certain balance sheet components is as follows:


	As of
	June 30, 2026		December 31, 2025
Accounts receivable, net:
Trade receivables	$	305,772	$	340,360
Unbilled receivables	91,427		80,741

Allowance for doubtful accounts	(21,559)		(20,415)
Total Accounts receivable, net	$	375,640	$	400,686

Prepaids and other current assets:
Prepaid expenses	$	82,322	$	82,950
Other current assets	15,978		17,058
Total Prepaids and other current assets	$	98,300	$	100,008

Other current liabilities:
Accrued expenses	$	67,167	$	55,184
Income tax payable (1)	53,649		—
Accrued indirect taxes	9,448		18,904
Restructuring reserve	3,672		13,775
Other current liabilities	3,314		6,419
Other short-term borrowings	22,903		—
Total Other current liabilities	$	160,153	$	94,282

_________________________

ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Contingent Consideration

Activity related to the Company’s contingent consideration is as follows:


Balance as of December 31, 2024	$	61,017
Additions	—
Payments	—
Change in fair value	(12,544)
Balance as of June 30, 2025	$	48,473

Balance as of December 31, 2025	$	6,067
Additions	2,888
Payments	(606)
Change in fair value	(2,622)
Balance as of June 30, 2026	$	5,727

RESTRUCTURING CHARGES

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

From time to time, the Company has initiated various restructuring plans in an effort to better align its resources with its business strategy. For the three and six months ended June 30, 2026 and 2025, the charges incurred were primarily comprised of severance payments and termination benefits related to headcount reductions and are included in Other operating expense (income), net in the Condensed Consolidated Statements of Operations.

Activities resulting from restructuring plans are as follows:


Balance as of December 31, 2024	$	6,764
Charges	4,040
Utilization	(5,015)
Balance as of June 30, 2025	$	5,789

Balance as of December 31, 2025	$	13,775
Charges	5,352
Utilization	(15,455)
Balance as of June 30, 2026	$	3,672

All liabilities for restructuring charges under these plans are included in Other current liabilities in the Condensed Consolidated Balance Sheets as of June 30, 2026 as the Company expects to make cash payments to settle most of these liabilities throughout 2026.

GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill are as follows:


Balance as of December 31, 2025	$	6,221,366
Acquisitions	8,556
Impairment	(1,671,000)
Foreign currency translation adjustments	(3,929)
Balance as of June 30, 2026 (1)	$	4,554,993

_________________________

(1) The carrying amount of goodwill is presented net of accumulated impairment losses of $1,671.0 million.

Schedule of Intangible Assets, Definite-Lived

Components of intangible assets other than goodwill are as follows:


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles:
Developed technology	$	572,827	$	(280,937)	$	291,890	$	574,250	$	(266,368)	$	307,882
Customer relationships	646,116		(185,307)		460,809		652,028		(176,158)		475,870
Capitalized development expenses	981,703		(597,502)		384,201		921,399		(546,111)		375,288
Other Intangible Assets	71,893		(63,986)		7,907		78,007		(68,873)		9,134
Trademarks	17,769		(740)		17,029		—		—		—
Total definite-life intangibles	2,290,308		(1,128,472)		1,161,836		2,225,684		(1,057,510)		1,168,174
Indefinite-life intangibles:
Trademarks	—		—		—		481,234		—		481,234
Total Intangible assets	$	2,290,308	$	(1,128,472)	$	1,161,836	$	2,706,918	$	(1,057,510)	$	1,649,408

Schedule of Intangible Assets, Indefinite-Lived

Components of intangible assets other than goodwill are as follows:


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles:
Developed technology	$	572,827	$	(280,937)	$	291,890	$	574,250	$	(266,368)	$	307,882
Customer relationships	646,116		(185,307)		460,809		652,028		(176,158)		475,870
Capitalized development expenses	981,703		(597,502)		384,201		921,399		(546,111)		375,288
Other Intangible Assets	71,893		(63,986)		7,907		78,007		(68,873)		9,134
Trademarks	17,769		(740)		17,029		—		—		—
Total definite-life intangibles	2,290,308		(1,128,472)		1,161,836		2,225,684		(1,057,510)		1,168,174
Indefinite-life intangibles:
Trademarks	—		—		—		481,234		—		481,234
Total Intangible assets	$	2,290,308	$	(1,128,472)	$	1,161,836	$	2,706,918	$	(1,057,510)	$	1,649,408

Schedule of Intangible Assets, Amortization Expense

The aggregate amortization expense for definite-life intangible assets is reflected in the Condensed Consolidated Statements of Operations as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of subscriptions and licenses	$	295	$	286	$	581	$	571
Amortization of intangible assets	44,570		38,284		87,563		75,637
Total amortization expense	$	44,865	$	38,570	$	88,144	$	76,208

Schedule of Other Operating Expense (Income), Net

A summary of components within this account are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Goodwill impairment	$	1,671,000	$	—	$	1,671,000	$	—
Indefinite-life intangible asset impairment	463,660		—		463,660		—
Other operating expense (income)	2,326		(16,529)		6,779		(12,976)
Total Other operating expense (income), net	$	2,136,986	$	(16,529)	$	2,141,439	$	(12,976)

- Definition

Tabular disclosure of goodwill.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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-Section 50
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-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,970,678)	$ 75,168	$ (1,923,297)	$ 134,654
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments	2,797	30,335	(4,841)	46,516
Total other comprehensive income (loss), net of taxes	2,797	30,335	(4,841)	46,516
Comprehensive income (loss)	$ (1,967,881)	$ 105,503	$ (1,928,138)	$ 181,170

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

RESTRUCTURING CHARGES (Tables)

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges

Activities resulting from restructuring plans are as follows:


Balance as of December 31, 2024	$	6,764
Charges	4,040
Utilization	(5,015)
Balance as of June 30, 2025	$	5,789

Balance as of December 31, 2025	$	13,775
Charges	5,352
Utilization	(15,455)
Balance as of June 30, 2026	$	3,672

INCOME TAXES - Schedule of Cash Flow Information Related To Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Abstract]
Income taxes paid, net of refunds	$ 16,705	$ 1,712

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

EARNINGS PER SHARE

On May 22, 2026, the Distribution date, 11,025,000 Octave Class A Ordinary Shares and 257,412,788 Octave Class B Ordinary Shares for a total of 268,437,788 Octave shares, each with a par value of $0.01 per share, were distributed to Hexagon shareholders of record as of May 22, 2026, the Record Date. This share amount is utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Distribution. For the three and six months ended June 30, 2026 and 2025, these shares are treated as issued and outstanding for purposes of calculating historical earnings per share. Basic and diluted earnings per share are the same for Octave Class A Ordinary Shares and Octave Class B Ordinary Shares as both rank pari passu in all respects except for voting rights. No Octave equity awards were outstanding during any period presented; accordingly, basic and diluted earnings per share are the same for all periods presented.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss)	$	(1,970,678)	$	75,168	$	(1,923,297)	$	134,654
Weighted average ordinary shares outstanding - basic and diluted	268,438		268,438		268,438		268,438
Earnings per share - basic and diluted	$	(7.34)	$	0.28	$	(7.16)	$	0.50