Arrive AI Q2 FY26 net loss widens to $14.1 million; revenue drops to $14,700
ARAI•CFO change and financing outlook
Piyush Phadke was named chief financial officer effective Aug. 17, succeeding Todd Pepmeier.
Management cited “meaningful financing optionality” while continuing to invest for scale.
Q2 loss widens as revenue declines
Arrive AI posted a second-quarter fiscal 2026 net loss of $14.1 million, widening from $3.7 million a year earlier.
Revenue fell 83.8% to $14,700 versus the year-ago quarter, when results included a non-recurring consulting contribution.
Cash position and operating outflow
Cash and cash equivalents rose to $3 million at June 30, while investments at fair value totaled $2.2 million.
Operating cash outflow was about $3.3 million, roughly in line with the year-ago quarter.
