Ambow Education Holding Ltd. (NYSE American: AMBO) Announces First Half and Second Quarter of 2026 Financial Results
Rhea-AI Summary
Ambow Education Holding (NYSE American: AMBO) reported unaudited results for the three and six months ended June 30, 2026. First half net revenues rose 2.0% to $5.2 million, driven by educational programs and services, while gross profit increased to $2.9 million with an expanded gross margin of 55.8%.
Second quarter 2026 net revenues fell 14.3% to $2.4 million, mainly from lower HybriU licensing and sales. Q2 gross profit declined to $1.2 million and gross margin to 50.0%. Q2 operating expenses rose 27.3% to $1.4 million, including a $0.2 million impairment, resulting in a $0.1 million operating loss and $0.1 million net loss.
For the first half, operating income was $0.3 million, with net income of $0.3 million, versus $1.9 million a year earlier, when results included a $1.5 million lease-settlement gain. As of June 30, 2026, Ambow reported cash resources of $7.2 million, positive working capital of $5.5 million, and net assets of $8.6 million.
Positive
- First half 2026 net revenues up 2.0% to $5.2 million
- First half gross margin expanded to 55.8% from 54.9% year over year
- First half 2026 operating income of $0.3 million
- First half 2026 net income of $0.3 million, or $0.10 per ADS
- General and administrative expenses fell to $1.4 million from $1.6 million first half 2025
- Cash resources of $7.2 million and positive working capital of $5.5 million at June 30, 2026
Negative
- Q2 2026 net revenues declined 14.3% to $2.4 million year over year
- HybriU licensing and sales revenue dropped to $0.4 million in Q2 2026 from $0.9 million
- Q2 2026 gross margin decreased to 50.0% from 53.6% a year earlier
- Q2 2026 operating result swung to a $0.1 million loss from $0.3 million income
- Q2 2026 operating expenses rose 27.3% to $1.4 million, including a $0.2 million impairment
- First half 2026 net income decreased to $0.3 million from $1.9 million in 2025, when a $1.5 million gain was recorded
News Explained
Ambow’s
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 11 | Q1 earnings results | Positive | +8.5% | Revenue, gross profit, operating income, and net income increased year over year. |
| Aug 05 | Q2/H1 earnings results | Positive | -0.1% | Revenue and profitability improved, but the 24-hour price reaction was -0.11%. |
| Mar 28 | FY2024 earnings results | Positive | -6.0% | Full-year profitability and revenue growth were followed by a -6.01% reaction. |
| Mar 28 | FY2024 annual filing | Neutral | -6.0% | The annual report filing was followed by a -6.01% 24-hour price reaction. |
| Dec 30 | Q2/H1 2024 results | Negative | -38.4% | H1 revenue declined 21.3%, accompanying a -38.42% 24-hour price reaction. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-matched earnings events were mostly followed by negative or divergent price reactions despite positive or mixed reported results.
Key Terms
form 10-q regulatory
restricted cash financial
impairment loss financial
ads financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Key Facts At-a-Glance
- Who: Ambow Education Holding Ltd. (NYSE American: AMBO)
- What: Unaudited financial and operating results for the three-month and six-month periods ended June 30, 2026
- When: Reported August 14, 2026; Quarterly Report on Form 10-Q filed with the SEC the same day
- First Half Revenue: Net revenues increased
2.0% to$5.2 million from$5.1 million in the first half of 2025 - Second Quarter Revenue: Net revenues decreased
14.3% to$2.4 million from$2.8 million in the second quarter of 2025 - Margin: First half gross profit margin expanded to
55.8% from54.9% - Balance Sheet: Cash resources of
$7.2 million as of June 30, 2026, and positive working capital of$5.5 million
CUPERTINO, Calif., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Ambow Education Holding Ltd. (“Ambow” or the “Company”) (NYSE American: AMBO), an innovator in AI-powered phygital (physical + digital) intelligence solutions for education, enterprise collaboration, and live events, today announced its unaudited financial and operating results for the six-month period and three-month period ended June 30, 2026.
First Half and Second Quarter 2026 and Recent Financial and Operating Highlights
- Net revenues for the first half of 2026 increased
2.0% year over year to$5.2 million , led by growth in educational programs and services. - Gross profit margin for the first half of 2026 expanded to
55.8% from54.9% in the first half of 2025. - Research and development expenses increased to
$0.4 million for the first half of 2026 from$0.2 million in the first half of 2025, reflecting continued investment in the HybriU platform. - General and administrative expenses decreased to
$1.4 million for the first half of 2026 from$1.6 million in the first half of 2025, reflecting continued cost control measures. - Ambow received federal registration of the HybriU trademark on July 28, 2026.
- Subsequent to quarter end, Ambow launched the HybriU AI Adaptive Course Generation Platform, the Company’s third HybriU product launch of 2026.
- Subsequent to quarter end, Ambow announced free access for 1,000 students to an AI + Design Hybrid Micro-Credential Program at NewSchool of Architecture & Design, delivering on the Company’s White House Pledge to America’s Youth commitment.
“Our first half results reflect steady progress in the educational programs and services business alongside continued investment in the HybriU platform,” said Dr. Jin Huang, Chief Executive Officer and Chair of the Board of Ambow Education Holding Ltd. “We expanded gross margin, maintained disciplined cost control, and continued to build the product foundation that we believe positions HybriU for long-term growth in Knowledge Intelligence.”
Second Quarter 2026 Financial Results
Net revenues for the second quarter of 2026 decreased by
Gross profit for the second quarter of 2026 decreased by
Operating expenses for the second quarter of 2026 increased by
Operating loss for the second quarter of 2026 was
Net loss attributable to ordinary shareholders for the second quarter of 2026 was
First Half 2026 Financial Results
Net revenues for the first half of 2026 increased by
Gross profit for the first half of 2026 increased by
Operating expenses for the first half of 2026 increased by
Operating income for the first half of 2026 was
Net income attributable to ordinary shareholders for the first half of 2026 was
Balance Sheet and Liquidity
As of June 30, 2026, Ambow maintained cash resources of
The Company’s financial and operating results for the first half and second quarter of 2026 are also available in its Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. (NYSE American: AMBO) is a technology company delivering AI-powered phygital intelligence solutions for education, enterprise collaboration, and live events.
Founded in 2000 and headquartered in Cupertino, California, Ambow has developed the HybriU product suite to connect physical spaces, digital systems, people, workflows, and institutional knowledge through a non-invasive AI intelligence layer.
HybriU enables organizations to transform real-world interactions, instructional content, expertise, decisions, and behavioral data into institutional knowledge and intelligence assets that can be continuously captured, searched, governed, reused, and expanded in value over time.
For more information, visit www.ambow.com and www.hybriu.com.
Follow Ambow on X: @Ambow_Education
Follow Ambow on LinkedIn: Ambow Education Group
Safe Harbor Statement
This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. Additional information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Investor and Media Contact
Ambow Education Holding Ltd.
Email: ir@ambow.com
| AMBOW EDUCATION HOLDING LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (All amounts in thousands, except for share and per share data) (Unaudited) | ||||||||
| Three months ended June 30, | Six months ended June 30, | |||||||
| 2025 | 2026 | 2025 | 2026 | |||||
| NET REVENUES | ||||||||
| Educational program and services | 1,912 | 1,994 | 3,902 | 4,074 | ||||
| HybriU licensing and sales | 854 | 399 | 1,178 | 1,118 | ||||
| Total net revenues | 2,766 | 2,393 | 5,080 | 5,192 | ||||
| COST OF REVENUES | ||||||||
| Educational program and services | (1,071 | ) | (1,163 | ) | (2,049 | ) | (2,276 | ) |
| HybriU licensing and sales | (220 | ) | nil | (220 | ) | nil | ||
| Total cost of revenues | (1,291 | ) | (1,163 | ) | (2,269 | ) | (2,276 | ) |
| GROSS PROFIT | 1,475 | 1,230 | 2,811 | 2,916 | ||||
| OPERATING EXPENSES | ||||||||
| Selling and marketing | (273 | ) | (331 | ) | (499 | ) | (619 | ) |
| General and administrative | (771 | ) | (646 | ) | (1,642 | ) | (1,446 | ) |
| Research and development | (102 | ) | (220 | ) | (203 | ) | (376 | ) |
| Impairment loss | nil | (161 | ) | nil | (161 | ) | ||
| Total operating expenses | (1,146 | ) | (1,358 | ) | (2,344 | ) | (2,602 | ) |
| OPERATING INCOME (LOSS) | 329 | (128 | ) | 467 | 314 | |||
| OTHER (EXPENSE) INCOME | ||||||||
| Interest (expenses) income, net | (29 | ) | (5 | ) | (41 | ) | 11 | |
| Other income (expenses), net | 30 | (9 | ) | 13 | (33 | ) | ||
| Gain on lease settlement | 1,492 | nil | 1,492 | nil | ||||
| Total other income (expenses), net | 1,493 | (14 | ) | 1,464 | (22 | ) | ||
| INCOME (LOSS) BEFORE INCOME TAX | 1,822 | (142 | ) | 1,931 | 292 | |||
| Income tax expenses | (47 | ) | (4 | ) | (47 | ) | (14 | ) |
| NET INCOME (LOSS) | 1,775 | (146 | ) | 1,884 | 278 | |||
| NET INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLDERS | 1,775 | (146 | ) | 1,884 | 278 | |||
| Basic income (loss) per share | 0.0311 | (0.0026 | ) | 0.0330 | 0.0049 | |||
| Diluted income (loss) per share | 0.0311 | (0.0026 | ) | 0.0330 | 0.0049 | |||
| Basic income (loss) per ADS | 0.6220 | (0.0520 | ) | 0.6600 | 0.0980 | |||
| Diluted income (loss) per ADS | 0.6220 | (0.0520 | ) | 0.6600 | 0.0980 | |||
| Weighted average shares, basic | 57,127,524 | 57,127,524 | 57,127,524 | 57,127,524 | ||||
| Weighted average shares, diluted | 57,127,524 | 57,127,524 | 57,127,524 | 57,127,524 | ||||
| AMBOW EDUCATION HOLDING LTD. CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands) | ||||
| As of Dec. 31, 2025 | As of June 30, 2026 | |||
| (Audited) | (Unaudited) | |||
| ASSETS | ||||
| Current assets: | ||||
| Cash and cash equivalents | 831 | 4,469 | ||
| Restricted cash | 7,260 | 2,700 | ||
| Accounts receivable, net | 2,288 | 1,297 | ||
| Inventory | 80 | 380 | ||
| Prepaid and other current assets, net | 410 | 518 | ||
| Total current assets | 10,869 | 9,364 | ||
| Non-current assets: | ||||
| Property and equipment, net | 1,984 | 1,774 | ||
| Intangible assets, net | 1,662 | 2,379 | ||
| Other non-current assets, net | 969 | 879 | ||
| Operating lease right-of-use asset | 5,312 | 4,794 | ||
| Total non-current assets | 9,927 | 9,826 | ||
| Total assets | 20,796 | 19,190 | ||
| LIABILITIES | ||||
| Current liabilities: | ||||
| Short-term borrowings | 500 | 500 | ||
| Accounts payable | 1,609 | 559 | ||
| Accrued and other liabilities | 1,542 | 1,281 | ||
| Income taxes payable, current | 1 | 1 | ||
| Operating lease liability, current | 1,285 | 1,495 | ||
| Total current liabilities | 4,937 | 3,836 | ||
| Non-current liabilities: | ||||
| Long-term borrowings | 2,700 | 2,700 | ||
| Other non-current liabilities | 167 | nil | ||
| Operating lease liability, non-current | 4,742 | 4,063 | ||
| Total non-current liabilities | 7,609 | 6,763 | ||
| Total liabilities | 12,546 | 10,599 | ||
| EQUITY | ||||
| Class A Ordinary shares | 146 | 146 | ||
| Class C Ordinary shares | 13 | 13 | ||
| Additional paid-in capital | 517,185 | 517,248 | ||
| Accumulated deficit | (508,966 | ) | (508,688 | ) |
| Accumulated other comprehensive loss | (128 | ) | (128 | ) |
| Total equity | 8,250 | 8,591 | ||
| Total liabilities and equity | 20,796 | 19,190 | ||
