Qoria Ltd. (AU:QOR)
ASX:QOR
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Qoria
(Sydney:QOR)
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Rating:44Neutral
Price Target:
AU$0.25
▼(-25.88% Downside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by weak profitability and negative free cash flow despite solid revenue growth and a relatively low-leverage balance sheet. Technicals add downside risk with the stock trading below major moving averages, while valuation is difficult to support given losses and no dividend yield data.
Positive Factors
Recurring SaaS subscription model
Qoria’s per-student/per-device subscription licensing creates predictable, recurring revenue and sticky customer relationships with schools. That recurring SaaS model supports retention, predictable top-line visibility and easier unit economics improvements over several quarters as adoption scales.
Negative Factors
Negative free cash flow
Persistent negative free cash flow and weak cash conversion mean the company is not generating sufficient cash from operations to fund growth. This structural cash shortfall increases reliance on external financing, raising dilution or leverage risk and constraining long-term margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS subscription model
Qoria’s per-student/per-device subscription licensing creates predictable, recurring revenue and sticky customer relationships with schools. That recurring SaaS model supports retention, predictable top-line visibility and easier unit economics improvements over several quarters as adoption scales.
Read all positive factors
Qoria (QOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$405.40M
Dividend YieldN/A
Average Volume (3M)7.16M
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue Growth23.05%
EPS Growth-28.57%
CountryAU
Employees550
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,374,229,400
10 Day Avg. Volume8,046,113
30 Day Avg. Volume7,155,021
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)4.03
Price to Sales (P/S)5.43
P/FCF Ratio-36.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.54Price Target Upside58.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$142.11M
Qoria Business Overview & Revenue Model
Company Description
Qoria Limited markets, distributes, and sells cyber safety products and services. It offers Family Zone platform that delivers cyber safety settings, advice, and support to parents and schools across various networks and devices to keep children s...
How the Company Makes Money
Qoria primarily makes money by selling recurring subscriptions/licenses to its online safety and digital wellbeing products, typically to schools and school systems (and, where applicable, to parents/consumers) on a per-student, per-device, or per...
Qoria Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and commercial momentum: the company achieved a significant ARR milestone, delivered solid net ARR additions, demonstrated accelerating growth in the consumer segment (Qustodio), produced healthy pipeline and cash receipts, and highlighted tangible AI-driven productivity gains. Challenges cited (FX headwinds, modest U.K. performance pending product unification, one-off acquisition costs, and timing-related cash/debt sensitivity) are material but appear manageable and largely transient or tied to planned investments. Management reiterated guidance, expects free-cash-flow breakeven or better for the year, and sees upside in ARR, indicating confidence in execution and outlook.Positive Updates
ARR Milestone
Passed USD 100 million ARR (reported USD 149M ARR at calendar year end; AUD 154M ARR on a constant currency basis) with ARR growth ~20% year-over-year (slightly lower when adjusted for FX).
Negative Updates
FX Headwinds
Foreign-exchange movements negatively impacted reported ARR and results (reported USD 149M vs. AUD 154M constant currency), reducing reported growth by roughly one percentage point and creating sensitivity, particularly to USD movements.
Read all updates
Q2-2026 Updates
Positive
Negative
ARR Milestone
Passed USD 100 million ARR (reported USD 149M ARR at calendar year end; AUD 154M ARR on a constant currency basis) with ARR growth ~20% year-over-year (slightly lower when adjusted for FX).
Read all positive updates
Company Guidance
The company reiterated confident guidance: ARR has passed USD 100M (AUD ~154M constant currency) and was reported at $149M calendar-year, with ARR/revenue expected to be at least ~20% higher year‑on‑year and management flagging upside to ARR; they added $5.1M net ARR (including >$4M in K‑12 and ~$2.1M in Qustodio), K‑12 net adds ~ $3M this quarter (gross $4.6M), Qustodio is growing at an annualized >34%, cross‑sell contributed ~$1.5M and now represents >30% of new ARR, cash receipts were $79M (up 20% PCP), free cash flow for the half was positive and up 46% (H1 free cash flow ~ $9M) with FY26 expected free‑cash‑flow breakeven or better, pipeline is nearly $40M with a $14M weighted pipeline (up ~30% year‑on‑year), gross margins exceed 90%, marketing ROI in Qustodio is 300–400%, the business serves ~32,000 schools, protects ~30M kids with ~9M parents and 100+ countries, cash on hand ~$21M, net debt ~$33M (guidance near $37M), and the company expects AI‑enabled cost benefits (c.$2M support savings, ~15 FTEs equivalent) to flow through more fully in FY27 while keeping FY27 cash costs broadly flat.Qoria Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 130.89M | 117.29M | 99.45M | 81.88M | 44.73M | 8.96M |
| Gross Profit | -16.13M | 117.29M | -39.76M | -74.69M | -48.66M | 1.93M |
| EBITDA | 1.29M | 5.80M | -21.80M | -61.69M | -52.80M | -19.13M |
| Net Income | -47.61M | -35.95M | -54.77M | -86.72M | -64.02M | -21.93M |
Balance Sheet | ||||||
| Total Assets | 321.52M | 333.44M | 297.41M | 287.51M | 241.27M | 57.51M |
| Cash, Cash Equivalents and Short-Term Investments | 21.18M | 15.42M | 9.39M | 6.62M | 32.75M | 34.93M |
| Total Debt | 54.71M | 50.31M | 43.71M | 20.41M | 4.52M | 3.31M |
| Total Liabilities | 179.18M | 175.38M | 159.45M | 128.65M | 75.97M | 24.17M |
| Stockholders Equity | 142.34M | 158.06M | 137.95M | 158.86M | 165.31M | 33.34M |
Cash Flow | ||||||
| Free Cash Flow | 7.13M | -17.37M | -18.75M | -29.61M | -38.60M | -17.49M |
| Operating Cash Flow | 13.11M | 10.12M | 6.77M | -23.64M | -37.27M | -15.48M |
| Investing Cash Flow | -30.36M | -32.29M | -25.47M | -25.70M | -143.69M | -1.98M |
| Financing Cash Flow | 187.17K | 27.73M | 21.67M | 20.98M | 178.87M | 46.45M |
Qoria Technical Analysis
Positive
0.34
Price Trends
0.31
Positive
0.42
Negative
0.54
Negative
Market Momentum
>-0.01
Negative
58.83
Neutral
87.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QOR, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.31, and below the 200-day MA of 0.54, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.83 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:QOR.
Qoria Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$395.75M | 7.43 | 10.65% | ― | -0.38% | -18.37% | |
63 Neutral | AU$73.45M | 7.18 | 19.44% | ― | 17.41% | 78.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$29.52M | 0.19 | 350.35% | ― | 4.71% | ― | |
46 Neutral | AU$239.43M | -22.61 | -16.07% | ― | 20.17% | -16.67% | |
44 Neutral | AU$405.40M | -8.52 | -31.70% | ― | 23.05% | -28.57% | |
41 Neutral | AU$49.12M | -7.92 | -7.23% | ― | 21.24% | 16.33% |
* Technology Sector Average
AU:QOR
Qoria
0.30
-0.10
-25.32%
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DigitalX Limited
0.03
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-36.54%
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QuickFee Ltd.
0.08
0.05
234.78%
AU:B4P
Beforepay Group Limited
1.48
0.09
6.12%
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Wrkr Ltd
0.12
0.06
100.00%
AU:TYR
Tyro Payments Ltd.
0.75
-0.06
-7.45%
Qoria Corporate Events
Qoria–Aura Merger Upsizes Capital Raise and Sets Leadership to Drive AI-Era Growth
Apr 23, 2026
Qoria has detailed an enhanced capital structure for its planned merger with Aura, with Aura securing an upsized US$100 million equity placement at an implied A$0.40 per Qoria share, a 32.4% premium to the recent 30-day VWAP. The additional US$25 ...
Qoria Backs Upsized Aura Placement to Fund AI-Led Growth Post-Merger
Apr 23, 2026
Qoria, an ASX-listed SaaS provider focused on digital safety and wellbeing for children, is advancing a proposed merger with Aura as part of its strategy to scale and strengthen its position in global markets. The company’s model centres on ...
Qoria to Release Q3 FY26 Results and Host Joint Webinar With Aura
Apr 23, 2026
Qoria will release its Quarterly Activity Report and cash flow report for the quarter ended 31 March 2026 on Friday, 24 April 2026, and will brief investors in a webinar that morning featuring its managing director, chief operating officer and chi...
Norges Bank Exits Substantial Shareholder Position in Qoria
Apr 22, 2026
Norges Bank has notified Qoria Ltd that it has ceased to be a substantial shareholder in the company as of 20 April 2026. The change stems from the return of collateral shares amounting to 7,115,738 common shares, reducing Norges Bank’s voti...
Qoria Plans Major Future Share Placement on ASX
Apr 15, 2026
Qoria Limited has notified the Australian Securities Exchange of its intention to undertake a new placement or similar type of equity issue comprising up to 54,006,782 ordinary fully paid shares. The proposed issuance, which will be quoted on the ...
Qoria Plans Future Equity Placement of Over 54 Million Shares
Apr 14, 2026
Qoria Limited has notified the ASX of a proposed issue of up to 54,028,603 ordinary fully paid shares under a placement or similar capital-raising structure. The company has also indicated that, subject to ASX requirements, it intends to seek quot...
Qoria secures A$10m Aura facility as merger timetable shifts to July
Apr 14, 2026
Qoria has provided an update on its proposed merger with U.S.-based digital security group Aura, saying workstreams are progressing well but the timetable has shifted, with disclosure documents now expected in May 2026 and a shareholder scheme mee...
Qoria Cancels 410,017 Lapsed Performance Rights After Conditions Not Met
Apr 9, 2026
Qoria Limited has advised the market that 410,017 performance rights on issue under the ASX code QORAT have lapsed as of March 31, 2026, after the conditions attached to those rights were not met or became incapable of being satisfied. The cessati...
Qoria Issues 7.8 Million New Shares Following Conversion of Unquoted Securities
Apr 9, 2026
Qoria Limited has notified the market of the issue of 7,760,464 ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The new shares, dated 19 February 2026, formalize the transition of unquoted options...
Qoria Issues 12 Million Unquoted Performance Rights Under Employee Scheme
Apr 9, 2026
Qoria Limited has notified the market of the issue of 12,010,876 unquoted performance rights under its employee incentive scheme, recorded with an issue date of 30 March 2026. These performance rights are subject to transfer restrictions and will ...
Norges Bank Ceases to Be Substantial Shareholder in Qoria
Mar 30, 2026
Norges Bank, Norway’s central bank and sovereign wealth fund manager, has notified Qoria Ltd that it has ceased to be a substantial holder in the company as of 27 March 2026. The change results from the return of collateral shares amounting ...
Qoria Reaffirms Support for Aura Merger as Target Posts Strong Growth and Cost Savings
Mar 25, 2026
Qoria has provided an update on the proposed merger with Aura Consolidated Group, highlighting Aura’s recent operational and financial performance to inform shareholders ahead of the scheme of arrangement vote. Aura reported annual recurring...
Qoria boosts director Tim Levy’s equity incentives with new option grant
Mar 17, 2026
Qoria Limited has disclosed a change in the indirect interests of director Tim Levy, who holds securities through Timothy Nominees Pty Ltd and as a beneficiary of the Levy Cooper SMSF. The notice details his existing substantial shareholding and v...
Qoria Issues 2.3 Million Unquoted Options Under Employee Incentive Scheme
Mar 17, 2026
Qoria Limited has notified the market of the issue of 2.3 million unquoted options under its employee incentive scheme, with these options expiring on June 30, 2029 and subject to transfer restrictions. The move underscores the company’s con...
Qoria gains ASX waiver to streamline Aura takeover scheme
Mar 12, 2026
Qoria has secured a waiver from ASX Listing Rule 6.23.2 that will allow, if its acquisition by Aura Consolidated Group proceeds, the cancellation of existing and to‑be‑issued Qoria convertible securities in exchange for equivalent Aura...
Qoria Options Lapse, Trimming Potential Dilution in Capital Structure
Mar 12, 2026
Qoria Limited has advised the ASX that 7,000,000 options, classified under the QORAD security code and carrying various exercise prices and expiry dates, have lapsed without being exercised as of 31 January 2026. The cessation of these unexercised...
Qoria Director Phil Warren Lifts Indirect Shareholding via On‑Market Buys
Mar 9, 2026
Qoria director Phil Warren has increased his indirect shareholding in the company through associated entities Philuchna Pty Ltd and Philuchna Pty Ltd . The filing indicates these holdings comprise fully paid ordinary shares and existing unlisted ...
Qoria Issues New Shares Following Conversion of Unquoted Securities
Mar 9, 2026
Qoria Limited has notified the Australian Securities Exchange of the issue of 67,138 ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The new shares, issued on 19 February 2026, modestly expand the...
Qoria Files Half-Year Financial Report for 31 December 2025
Feb 25, 2026
Qoria Limited has released its half-year report for the period ended 31 December 2025, providing the usual suite of corporate disclosures including a directors’ report, financial statements, and an auditor’s review. While the document ...
Qoria Sets Investor Webinar to Unveil Half-Year 2025-26 Results
Feb 24, 2026
Qoria will release its half-year report for the period ended 31 December 2025 on 26 February 2026 and will host an investor webinar the same day to discuss the results. The briefing, led by Managing Director Tim Levy and CFO Ben Jenkins, signals o...
Insignia Financial Ceases to Be Substantial Holder in Qoria
Feb 11, 2026
Insignia Financial Ltd, on behalf of itself and its subsidiaries, has notified Qoria Ltd that it has ceased to be a substantial holder in the company as of 23 January 2026. The change follows on-market transactions by its entities, including a lar...
Qoria Issues 300,000 New Shares Following Conversion of Unquoted Securities
Feb 9, 2026
Qoria Limited has notified the market of the issue of 300,000 ordinary fully paid shares, following the exercise or conversion of previously unquoted securities. The new shares, which were issued on November 3, 2025, formalize the transition of th...
Qoria and Aura to Brief Investors on Merger in Joint Webinar
Feb 2, 2026
Qoria has announced it will host a joint investor webinar with Aura to discuss their recently unveiled merger, signalling a deeper strategic alignment between the two companies. The webinar, scheduled for the morning of 3 February 2026 AEDT, will ...
Qoria Outlines Terms and Cautions Around Proposed Merger With Aura
Feb 2, 2026
Qoria Limited has released an investor presentation outlining a proposed merger with Aura Consolidated Group, Inc., framed as a significant corporate transaction subject to shareholder and regulatory approvals. The document emphasizes that the mat...
Qoria to Merge with Aura in ASX-Listed $3 Billion Global Digital Safety Deal
Feb 2, 2026
Qoria has agreed to a binding merger with U.S.-based Aura Consolidated Group Inc., a leading provider of intelligent online safety solutions for consumers, in a deal that will see Aura acquire all Qoria shares via an Australian scheme of arrangeme...
Qoria Seeks Trading Halt Ahead of Potential Control Deal and Capital Raising
Feb 2, 2026
Qoria Limited has requested and been granted a trading halt on its securities by the ASX, effective until either 4 February 2026 or the earlier release of a market announcement. The halt has been sought pending an announcement regarding a potentia...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.