Parabolic Inc reported a narrower second-quarter loss for 2026 on Tuesday, with net losses of $12 million compared with $18 million in the first quarter, according to a filing with the U.S. Securities and Exchange Commission.
The company’s adjusted loss per share stood at 23 cents, exceeding the 28-cent loss forecast by analysts surveyed by Refinitiv. Revenue for the quarter totaled $87 million, up 4% from the prior quarter’s $83.5 million.
Parabolic’s chief executive officer, Mark Reynolds, attributed the improved performance to cost controls and higher demand in its enterprise software segment. "We remain focused on operational efficiency while scaling our core offerings," Reynolds said in a statement. The company did not provide forward guidance during the earnings call.
Shares of Parabolic rose 3.2% in after-hours trading following the release, extending gains from the regular session where the stock closed up 1.5% at $24.75. The company’s market capitalization stands at approximately $2.1 billion.
Analysts at Piper Sandler maintained a neutral rating on the stock with a price target of $26, citing stable demand but limited near-term catalysts. "While the loss reduction is encouraging, visibility on profitability remains constrained," the firm noted in a research note.
Parabolic has been under pressure to demonstrate sustainable profitability amid rising competition in its primary markets. The company’s enterprise software division, which accounts for the majority of revenue, has faced slower growth in recent quarters.
The narrower loss follows a broader trend among software peers, many of which have prioritized cost management to offset macroeconomic headwinds. Parabolic’s cost-cutting initiatives included workforce reductions in the first half of 2026, aimed at improving margins.
