Rank One Computing Corporation (ROC) reported financial results for the third quarter ended September 30, 2026, highlighting a record revenue quarter and the company's first profitable period. Total revenue for the quarter reached $8.0 million, representing a 50% increase year-over-year and a 57% increase compared to the previous quarter.
The company achieved a net income of approximately $0.6 million, compared to a net loss of about $0.8 million in the prior year period. This profitability was driven by a significant shift in revenue mix toward higher-margin software licensing, which resulted in a gross margin of 90% for the second consecutive quarter.
Revenue growth was driven by strong performance across ROC's product lines. ROC SDK revenue was $2.6 million, up 52% year-over-year. ROC ABIS revenue surged to $2.2 million, a 654% increase from the prior year, driven by a significant federal platform license. ROC Watch revenue was $0.8 million, and ROC Evidence revenue was approximately $63,000 following the initial commercialization of the product. Additionally, government R&D contract revenue increased 175% to $2.2 million due to expanded activity under a U.S. government research program.
ROC announced several key corporate developments during the quarter. The company secured a $64.3 million contract with the U.S. Department of Justice for ROC Evidence, the largest award in the company's history. ROC also secured its first strategic federal ROC ABIS contract with a potential value of $5.1 million over five years. On August 31, 2026, ROC completed the acquisition of Zuccaro Technical Consulting (ZTC) to expand its digital forensics capabilities. Furthermore, ROC launched its first SaaS product, an Age Estimation API.
As of September 30, 2026, ROC had $7.5 million in cash and approximately $14.8 million in working capital, with no borrowings under its revolving line of credit. The company also announced the appointment of Dr. Anil K. Jain to its Board of Directors.
