Our Bond (OBAI) Q2 2026 earnings summary

Executive summary

• Q2 focused on reviewing performance, key wins, and outlining priorities for the remainder of the year.

• Achieved strong momentum in municipal and enterprise sales, including contracts with major cities, Jerusalem (1M residents), another city (270K residents), and a top-5 global venture capital firm.

• EY research validated significant ROI for employers offering the service, driving increased corporate and municipal interest.

• Company is transitioning from visionary to early majority customers, aiming for accelerated growth and expanding internationally.

• Recognized as a sole supplier in several city contracts, facing no direct competition.

Financial highlights

• Achieved 41% sequential reduction in operating expenses to $3.8M and 28% sequential improvement in net loss to $4.8M in Q2.

• Cash and cash equivalents increased 37% sequentially to $5.2M as of June 30, 2026.

• $3.3M of debt converted to equity at a 4x premium over market price; $950K in debt payment postponed.

• $4.3M total reduction in debt, strengthening the balance sheet.

• Total revenue was $2.1M for Q2 2026, down from $2.3M year-over-year due to reduced physical services.

Outlook and guidance

• Growth is the top priority, with sufficient capital to fund the strategy.

• Most growth investments expected to yield results in H2 2026 and 2027, with acceleration driven by new contracts and increased platform utilization.

• Anticipates crossing the chasm to early majority adoption, making sales easier and accelerating expansion.

• No major concerns about cash position or NASDAQ compliance; expects compliance as stock price rises.

• Deal pipeline described as the strongest to date, with heightened interest following positive EY economic impact study.