Jianpu Technology Inc. Reports First Half Year 2026 Unaudited Financial Results

Jianpu’s board approved a special cash dividend of US$0.02495 per share (US$0.499 per ADS), totaling up to US$10 million.

Rhea-AI Summary

Jianpu Technology (AIJTY) reported unaudited first half 2026 results with total revenues down 49.6% year over year to RMB280.9 million (US$41.4 million) and net income of RMB2.4 million (US$0.4 million).

Recommendation services revenue fell 44.7% to RMB244.8 million, digital intelligence as a service declined 70.2% to RMB15.4 million, and marketing and other services dropped 67.5% to RMB20.7 million, mainly due to lower loan application volumes and board-approved wind-downs of credit card and certain non-core businesses. Cost of promotion and acquisition decreased 57.8% to RMB142.9 million, and general and administrative expenses fell 40.3% to RMB31.0 million. Non-GAAP adjusted net income was RMB10.9 million, while non-GAAP adjusted EBITDA was RMB9.7 million. As of June 30, 2026, cash and cash equivalents were RMB316.2 million, working capital was approximately RMB189.7 million, and cash, restricted cash and time deposits increased by RMB9.8 million versus December 31, 2025.

The board approved a special cash dividend of US$0.02495 per ordinary share, or US$0.499 per ADS, with an aggregate amount of up to US$10 million, for shareholders of record on September 21, 2026, payable on or around October 19, 2026.

Positive

• Special cash dividend up to US$10 million (US$0.02495 per ordinary share, US$0.499 per ADS) approved for record date September 21, 2026
• Positive net income of RMB2.4 million (US$0.4 million) in first half 2026 despite sharp revenue decline
• Non-GAAP adjusted net income of RMB10.9 million and adjusted EBITDA of RMB9.7 million in first half 2026
• Cost of promotion and acquisition reduced 57.8% to RMB142.9 million, aligning expenses with lower revenue
• Cash and cash equivalents of RMB316.2 million and working capital of about RMB189.7 million as of June 30, 2026
• Cash, restricted cash and time deposits increased by RMB9.8 million versus December 31, 2025

Negative

• Total revenues declined 49.6% year over year to RMB280.9 million in first half 2026
• Net income fell from RMB19.1 million to RMB2.4 million; net margin compressed from 3.4% to 0.9%
• Non-GAAP adjusted net income dropped from RMB29.3 million to RMB10.9 million; adjusted EBITDA from RMB25.8 million to RMB9.7 million
• Digital intelligence as a service revenue decreased 70.2% to RMB15.4 million due to a contracted customer base
• Marketing and other services revenue declined 67.5% to RMB20.7 million following wind-down of certain non-core activities
• Unrealized loss on crypto assets of RMB8.2 million weighed on first half 2026 results

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BEIJING, Sept. 2, 2026 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu," or the "Company") (OTCQB: AIJTY), a leading open financial technology platform in China, today announced its unaudited financial results for the first half year ended June 30, 2026.

First Half Year 2026 Financial Results

Total revenues decreased by 49.6% to RMB280.9 million (US$41.4 million) in the first half of 2026 from RMB557.6 million in the same period of 2025.

Revenues from recommendation services decreased by 44.7% to RMB244.8 million (US$36.1 million) in the first half of 2026 from RMB442.4 million in the same period of 2025. The decrease was primarily due to the decrease in revenues from recommendation services for loans amid lower application volumes, and the decrease in revenues from recommendation services for credit cards following the board-approved wind-down of the business in April 2025.

Revenues from digital intelligence as a service decreased by 70.2% to RMB15.4 million (US$2.3 million) in the first half of 2026 from RMB51.6 million in the same period of 2025, primarily due to a contracted customer base.

Revenues from marketing and other services decreased by 67.5% to RMB20.7 million (US$3.0 million) in the first half of 2026 from RMB63.7 million in the same period of 2025, primarily due to the board-approved wind-down of certain non-core business activities, which was initiated in April 2025.

Cost of promotion and acquisition decreased by 57.8% to RMB142.9 million (US$21.1 million) in the first half of 2026 from RMB338.5 million in the same period of 2025. This decrease was largely driven by the decreased revenues from our loan recommendation services.

Cost of operation decreased by 58.9% to RMB16.3 million (US$2.4 million) in the first half of 2026 from RMB39.7 million in the same period of 2025. The decrease was primarily attributable to the decrease in data acquisition costs, which was in line with the decrease in revenue.

Sales and marketing expenses decreased by 24.1% to RMB48.7 million (US$7.2 million) in the first half of 2026 from RMB64.2 million in the same period of 2025, primarily attributable to lower payroll expenses, and reduced expenditures related to customer services.

Research and development expenses decreased by 6.6% to RMB33.7 million (US$5.0 million) in the first half of 2026, from RMB36.4 million in the same period of 2025, primarily attributable to lower payroll expenses.

General and administrative expenses decreased by 40.3% to RMB31.0 million (US$4.6 million) in the first half of 2026 from RMB51.9 million in the same period of 2025. The decrease was primarily due to the decreases in payroll expenses, professional fees and allowance for credit losses.

Income from operations decreased by 69.1% to RMB8.3 million (US$1.2 million) in the first half of 2026 from RMB26.9 million in the same period of 2025. Operating income margin was 3.0% in the first half of 2026, compared with 4.8% in the same period of 2025. The decrease was due to lower application volumes, and the decrease in revenues from recommendation services for credit cards following the board-approved wind-down of the business in April 2025.

Fair value changes of crypto assets was an unrealized loss of RMB8.2 million (US$1.2 million) in the first half of 2026, reflecting a decrease in fair value changes of crypto assets since January 1, 2026.

Others, net was a net income of RMB0.9 million (US$0.13 million) in the first half of 2026, compared with a net income of RMB0.7 million in the same period of 2025.

Net income was RMB2.4 million (US$0.4 million) in the first half of 2026, compared with RMB19.1 million in the same period of 2025. Net income margin was 0.9% in the first half of 2026, compared with 3.4% in the same period of 2025.

Non-GAAP adjusted net income^[1] was RMB10.9 million (US$1.6 million) in the first half of 2026, compared with RMB29.3 million in the same period of 2025. Non-GAAP adjusted net income margin¹ was 3.9% in the first half of 2026, compared with 5.3% in the same period of 2025.

Non-GAAP adjusted EBITDA^[2] was an income of RMB9.7 million (US$1.4 million), compared with RMB25.8 million in the same period of 2025.

As of June 30, 2026, the Company had cash and cash equivalents of RMB316.2 million (US$46.6 million) and working capital of approximately RMB189.7 million (US$28.0 million). Compared to those as of December 31, 2025, cash and cash equivalents and restricted cash and time deposits increased by RMB9.8 million.

[1] See "Unaudited Reconciliations of GAAP and Non-GAAP Results" at the end of this document for more details about non-GAAP adjusted net income. Non-GAAP adjusted net income margin equals non-GAAP adjusted net income divided by total revenues.

[2] Non-GAAP adjusted EBITDA represents EBITDA before share-based compensation expenses, fair value changes of crypto assets and gain from disposal and fair value change of equity investments. EBITDA represents net income before interest income and expenses, income tax benefits/(expenses) and depreciation and amortization. See "Unaudited Reconciliations of GAAP and Non-GAAP Results" for more details.

Declaration of Special Cash Dividend

On August 31, 2026, the board of directors of the Company approved a special cash dividend of US$0.02495 per ordinary share, or US$0.499 per American depositary share ("ADS"), to holders of ordinary shares and ADSs of record as of the close of business on September 21, 2026, Beijing time and New York time, respectively, payable in U.S. dollars. The aggregate amount of the cash dividend to be paid will be up to US$10 million. Dividend to be paid to the Company's ADS holders through the depositary bank will be subject to the terms of the deposit agreement. The payment date is expected to be on or around October 19, 2026 for holders of ordinary shares and holders of ADSs.

About Jianpu Technology Inc.

Jianpu Technology Inc. operates a leading open financial technology platform, under the Rong360 brand, connecting users with an extensive spectrum of financial products and other products and services. By leveraging cutting-edge digital technology, the Company offers intelligent and comprehensive search and recommendation results in a seamless, efficient, and secure manner to meet the needs of its diverse audience. The Company also enables financial and non-financial partners to enhance their efficiency and competitiveness by offering digital intelligence as a service, including data- and analytical-based risk management, intelligent marketing, and other integrated solutions and services. As the Company expands into FinTech+ ecosystem and broadens its global footprint, it will continue to innovate and solidify its influence in the space of financial technology and digital transformation. For more information, please visit http://ir.jianpu.ai.

Use of Non-GAAP Financial Measures 

The Company uses adjusted EBITDA and adjusted net income/(loss), each a non-GAAP financial measure, in evaluating its operating results and for financial and operational decision-making purposes.

The Company believes that adjusted EBITDA and adjusted net income/(loss) help identify underlying trends in its business that could otherwise be distorted by the effect of the expenses and gains that the Company include in income/(loss) from operations and net income/(loss). The Company believes that adjusted EBITDA and adjusted net income/(loss) provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

Adjusted EBITDA and adjusted net income/(loss) should not be considered in isolation or construed as alternatives to net income/(loss) or any other measure of performance or as indicators of the Company's operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA and adjusted net income/(loss) presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Adjusted EBITDA represents EBITDA before share-based compensation expenses, fair value changes of crypto assets and gain from disposal and fair value change of equity investments. EBITDA represents net income/(loss) before interest income and expenses, income tax benefits/(expenses) and depreciation and amortization.

Adjusted net income/(loss) represents net income/(loss) before share-based compensation expenses, fair value changes of crypto assets and gain from disposal and fair value change of equity investments.

For more information on this non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP results" set forth at the end of this document.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the Company's expectations regarding demand for, and market acceptance of, its solutions and services; the Company's expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborates with; trends, competition and regulatory policies relating to the industries the Company operates in; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided herein and in the attachments is as of the date of this announcement, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Jianpu Technology Inc.
(IR) Xiaolin Zhang, E-mail: IR@rong360.com
(PR) Sen Liu, E-mail: Media@rong360.com
Tel: +86 (10) 6242 7068 

Jianpu Technology Inc.
Unaudited Condensed Consolidated Balance Sheets
(In thousands)	As of December 31,		As of June 30,
	2025		2026
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents	214,274		316,241		46,608
Restricted cash and time deposits	92,130		—		—
Accounts receivable, net	93,504		41,879		6,172
Amount due from related parties	3,514		7,205		1,062
Prepayments and other current assets	53,973		43,515		6,413
Total current assets	457,395		408,840		60,255
Non-current assets:
Property and equipment, net	701		736		108
Intangible assets, net	1,295		1,072		158
Crypto assets	28,539		19,489		2,872
Long-term investments	85,599		81,094		11,952
Other non-current assets	451		300		44
Total non-current assets	116,585		102,691		15,134
Total assets	573,980		511,531		75,389
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	96,211		68,926		10,158
Advances from customers	52,786		46,269		6,819
Tax payable	10,501		9,430		1,390
Amount due to related parties	176		385		57
Accrued expenses and other current liabilities	120,143		94,120		13,872
Total current liabilities	279,817		219,130		32,296
Non-current liabilities:
Deferred tax liabilities	80		54		8
Other non-current liabilities	217		241		36
Total non-current liabilities	297		295		44
Total liabilities	280,114		219,425		32,340
Shareholders' equity:
Ordinary shares	280		265		39
Treasury stock, at cost	(4,691)		(280)		(41)
Additional paid-in capital	1,531,425		1,527,359		225,105
Accumulated losses	(1,284,456)		(1,282,117)		(188,964)
Statutory reserves	2,027		2,027		299
Accumulated other comprehensive income	48,889		44,386		6,542
Total Jianpu's shareholders' equity	293,474		291,640		42,980
Noncontrolling interests	392		466		69
Total shareholders' equity	293,866		292,106		43,049
Total liabilities and shareholders' equity	573,980		511,531		75,389

 

 

 

Jianpu Technology Inc.
Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss)
(In thousands except for number of shares and per share data)		For the Six Months Ended June 30,
		2025		2026
		RMB		RMB		US$
Revenues:
Recommendation services [a]		442,368		244,799		36,079
Digital intelligence as a service [b]		51,561		15,404		2,270
Marketing and other services		63,713		20,671		3,047
Total revenues		557,642		280,874		41,396
Costs and expenses:
Cost of promotion and acquisition [c]		(338,452)		(142,883)		(21,058)
Cost of operation [d]		(39,731)		(16,287)		(2,400)
Total cost of services		(378,183)		(159,170)		(23,458)
Sales and marketing expenses		(64,182)		(48,700)		(7,177)
Research and development expenses [e]		(36,401)		(33,747)		(4,974)
General and administrative expenses		(51,932)		(30,993)		(4,568)
Income from operations		26,944		8,264		1,219
Net interest income		4,207		1,567		231
Fair value changes of crypto assets		(12,943)		(8,230)		(1,213)
Others, net2		688		866		128
Income before income tax		18,896		2,467		365
Income tax benefits/(expense)		195		(101)		(15)
Net income		19,091		2,366		350
Less: net (loss)/income attributable to    noncontrolling interests		(183)		29		4
Net income attributable to Jianpu's    shareholders		19,274		2,337		346
Other comprehensive income
Foreign currency translation adjustments		(2)		(4,456)		(651)
Total other comprehensive loss		(2)		(4,456)		(651)
Total comprehensive income/(loss)		19,089		(2,090)		(301)
Less: total comprehensive income    attributable to noncontrolling interests		32		75		11
Total comprehensive income/(loss)    attributable to Jianpu's shareholders		19,057		(2,165)		(312)
Net income per share attributable to    Jianpu's shareholders
Basic		0.05		0.01		0.00
Diluted		0.05		0.01		0.00
Net income per ADS attributable to    Jianpu's shareholders
Basic		1.02		0.12		0.02
Diluted		0.97		0.11		0.02
Weighted average number of shares
Basic		376,647,049		400,531,119		400,531,119
Diluted		399,060,318		409,483,880		409,483,880
[a] Including revenues from related party of RMB10,435 and RMB961 for the six months ended June 30, 2025 and 2026, respectively.
[b] Including revenues from related party of RMB273 and RMB19 for the six months ended June 30, 2025 and 2026, respectively.
[c] Including cost of promotion and acquisition from related party of RMB7,692 and RMB1,849 for the six months ended June 30, 2025 and 2026, respectively.
[d] Including cost of operation from related party of RMB561 and RMB558 for the six months ended June 30, 2025 and 2026, respectively.
[e] Including expenses from related party of RMB594 and nil for the six months ended June 30, 2025 and 2026, respectively.

 

 

Jianpu Technology Inc.
Unaudited Reconciliations of GAAP and Non-GAAP Results
(In thousands)		For the Six Months Ended June 30,
		2025			2026
		RMB			RMB		US$
Net income		19,091			2,366		350
Add: Share-based compensation    expenses		762			323		48
Fair value changes of crypto assets		12,943			8,230		1,213
Gain from disposal and fair value change of equity investments		(3,493)			-		-
Non-GAAP adjusted net income[1]		29,303			10,919		1,611
Add: Depreciation and amortization		871			267		39
Net interest income		(4,207)			(1,567)		(231)
Income tax expenses/(benefits)		(195)			101		15
Non-GAAP adjusted EBITDA[2]		25,772			9,720		1,434
[1] Non-GAAP adjusted net income represents net income before share-based compensation expenses, fair value changes of crypto assets and gain from disposal and fair value change of equity investments.
[2] Non-GAAP adjusted EBITDA represents EBITDA before share-based compensation expenses, fair value changes of crypto assets, and gain from disposal and fair value change of equity investments. EBITDA represents net income before interest income and expenses, income tax benefits/(expenses) and depreciation and amortization.

 

 

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SOURCE Jianpu Technology Inc.

FAQ

How did Jianpu Technology (AIJTY) perform financially in the first half of 2026?

Jianpu reported total revenues of RMB280.9 million (US$41.4 million), down 49.6% year over year, and net income of RMB2.4 million (US$0.4 million), with a net margin of 0.9% compared with 3.4% in the same period of 2025.

How much did Jianpu Technology (AIJTY) revenues decline in first half 2026 versus 2025?

Total revenues declined from RMB557.6 million in the first half of 2025 to RMB280.9 million in the first half of 2026, a decrease of 49.6%. Recommendation services, digital intelligence, and marketing and other services all recorded large year-over-year drops.

What special cash dividend did Jianpu Technology (AIJTY) declare in August 2026?

On August 31, 2026, Jianpu’s board approved a special cash dividend of US$0.02495 per ordinary share and US$0.499 per ADS, with an aggregate amount of up to US$10 million, payable in U.S. dollars to eligible shareholders.

What are the record date and payment date for Jianpu Technology (AIJTY) 2026 special dividend?

The record date for Jianpu’s special dividend is September 21, 2026, Beijing time and New York time, respectively. The payment date is expected to be on or around October 19, 2026 for both ordinary share and ADS holders.

How did Jianpu Technology (AIJTY) segment revenues change in the first half of 2026?

In first half 2026, recommendation services revenue fell 44.7% to RMB244.8 million, digital intelligence as a service declined 70.2% to RMB15.4 million, and marketing and other services decreased 67.5% to RMB20.7 million compared with the same period of 2025.

What were Jianpu Technology (AIJTY) non-GAAP results for the first half of 2026?

Non-GAAP adjusted net income was RMB10.9 million (US$1.6 million), down from RMB29.3 million a year earlier. Non-GAAP adjusted EBITDA was RMB9.7 million (US$1.4 million), compared with RMB25.8 million in the first half of 2025.

What was Jianpu Technology (AIJTY) cash position as of June 30, 2026?

As of June 30, 2026, Jianpu held RMB316.2 million (US$46.6 million) in cash and cash equivalents and had working capital of approximately RMB189.7 million (US$28.0 million). Cash, restricted cash and time deposits increased by RMB9.8 million versus December 31, 2025.