v3.26.1
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE 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 $0.01 per share, were distributed to Hexagon shareholders of record as of May 22, 2026, the Record Date. This share amount is utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Distribution. For the three and six months ended June 30, 2026 and 2025, these shares are treated as issued and outstanding for purposes of calculating historical earnings per share. Basic and diluted earnings per share are the same for Octave Class A Ordinary Shares and Octave Class B Ordinary Shares as both rank pari passu in all respects except for voting rights. No Octave equity awards were outstanding during any period presented; accordingly, basic and diluted earnings per share are the same for all periods presented.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net income (loss)$(1,970,678)$75,168 $(1,923,297)$134,654 
Weighted average ordinary shares outstanding - basic and diluted268,438268,438268,438268,438
Earnings per share - basic and diluted$(7.34)$0.28 $(7.16)$0.50