Aurora Mobile Limited Announces First Quarter 2025 Unaudited Financial Results
- Revenue grew significantly by 38% year-over-year to RMB89.0 million
- EngageLab business secured RMB63 million in contract value, with revenue growing 127% YoY
- Financial Risk Management achieved record quarterly revenue of RMB22.2 million, up 64% YoY
- Gross profit increased 27% YoY, reaching highest level in 9 quarters
- 7th consecutive quarter of positive Adjusted EBITDA
- Net loss narrowed from RMB2.6 million to RMB1.6 million YoY
- Operating expenses increased 14% year-over-year to RMB60.6 million
- Cost of revenues rose 66% year-over-year to RMB30.1 million
- Cash and cash equivalents decreased from RMB119.5 million to RMB113.6 million quarter-over-quarter
- Company remains unprofitable with net loss of RMB1.6 million
Insights
Aurora Mobile shows strong growth with 38% revenue increase but remains unprofitable despite seven quarters of positive adjusted EBITDA.
Aurora Mobile delivered impressive revenue growth of
The company's EngageLab business had what management called a "Monster Quarter," securing more than
Despite this strong top-line performance, profitability remains elusive. While the company reduced its net loss to
The company's cost structure reveals some concerning trends. Cost of revenues increased by
Operating expenses increased by
The company's cash position declined slightly to
SHENZHEN, China, May 29, 2025 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.
First Quarter 2025 Financial Highlights
- Revenues were RMB89.0 million (US
$12.3 million ), an increase of38% year-over-year. - Cost of revenues was RMB30.1 million (US
$4.2 million ), an increase of66% year-over-year. - Gross profit was RMB58.8 million (US
$8.1 million ), an increase of27% year-over-year. - Total operating expenses were RMB60.6 million (US
$8.3 million ), an increase of14% year-over-year. - Net loss was RMB1.6 million (US
$0.2 million ), compared with a net loss of RMB2.6 million for the same quarter last year. - Net loss attributable to Aurora Mobile Limited’s shareholders was RMB2.6 million (US
$0.4 million ), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB2.4 million for the same quarter last year. - Adjusted net loss (non-GAAP) was RMB1.2 million (US
$0.2 million ), compared with a RMB1.3 million adjusted net loss for the same quarter last year. - Adjusted EBITDA (non-GAAP) was RMB0.5 million (US
$63 thousand ), compared with RMB0.2 million for the same quarter last year.
Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We have had a great start to 2025. Our Q1’2025 performance and numbers are very impressive.
- Firstly, our EngageLab business had a “Monster Quarter” where we closed out more than RMB63 million worth of contract value in just one quarter. This brings the total cumulative EngageLab contract value in excess of RMB110 million by March 31, 2025.
- Secondly, the Group’s revenue this quarter reached RMB89.0 million, achieving a remarkable
38% growth year-over-year. EngageLab’s recognized revenue also grew by127% year-over-year. - Thirdly, our Financial Risk Management business had its best quarter in history, recording the highest quarterly revenue of RMB22.2 million, revenue grew by
64% year-over-year. - Fourthly, gross profit grew strongly by
27% year-over-year, achieving the highest gross profit for the past 9 quarters. Gross margin has also improved 520 basis points quarter-over-quarter! - Fifthly, we recorded another Adjusted EBITDA profit in this quarter. This marks the 7th consecutive quarterly positive Adjusted EBITDA we have had.
With these numbers above, we are equally excited about 2025. This has no doubt set a great momentum for the rest of the 2025 ! The progress in our performance and our solid financial position enable us to invest more resources into the development of our enterprise AI agent platform and its global expansion.”
Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “In Q1’2025, our revenue grew by
First Quarter 2025 Financial Results
Revenues were RMB89.0 million (US
Cost of revenues was RMB30.1 million (US
Gross profit was RMB58.8 million (US
Total operating expenses were RMB60.6 million (US
- Research and development expenses were RMB24.6 million (US
$3.4 million ), an increase of8% from RMB22.7 million in the same quarter of last year, mainly due to a RMB0.9 million increase in personnel costs and a RMB0.8 million increase in cloud cost. - Sales and marketing expenses were RMB23.3 million (US
$3.2 million ), an increase of34% from RMB17.4 million in the same quarter of last year, mainly due to a RMB5.2 million increase in personnel costs. - General and administrative expenses were RMB12.7 million (US
$1.7 million ), a decrease of2% from RMB12.9 million in the same quarter of last year, mainly due to a RMB0.6 million decrease in share-based compensation expenses.
Loss from operations was RMB1.5 million (US
Net Loss was RMB1.6 million (US
Adjusted net loss (non-GAAP) was RMB1.2 million (US
Adjusted EBITDA (non-GAAP) was RMB0.5 million (US
The cash and cash equivalents and restricted cash were RMB113.6 million (US
Business Outlook
For the second quarter of 2025, the Company expects the total revenue to be between RMB87.5 million and RMB90.5 million, representing year-over-year growth of approximately
The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.
Update on Share Repurchase
As of March 31, 2025, the Company had repurchased a total of 295,179 ADS, of which 16,322 ADSs, or around US
Conference Call
The Company will host an earnings conference call on Thursday, May 29, 2025 at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Beijing time on the same day).
All participants must register in advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.
Participant Online Registration:
https://register-conf.media-server.com/register/BI47c63565ef284b3784a50da74dc4a38e
A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobile’s website at https://ir.jiguang.cn/.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses two non-GAAP measures, adjusted net (loss)/income and adjusted EBITDA, as a supplemental measure to review and assess its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net (loss)/income as net loss excluding share-based compensation. The Company defines adjusted EBITDA as net loss excluding interest expense, depreciation of property and equipment, amortization of intangible assets, income tax expenses/(benefits) and share-based compensation.
The Company believes that adjusted net (loss)/income and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that it includes in loss from operations and net loss.
The Company believes that adjusted net (loss)/income and adjusted EBITDA 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 the management in their financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using adjusted net (loss)/income and adjusted EBITDA is that they do not reflect all items of income and expense that affect the Company’s operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.
Reconciliations of the non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release.
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. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’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: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; 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 Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises' digital transformation.
For more information, please visit https://ir.jiguang.cn/.
For investor and media inquiries, please contact:
Aurora Mobile Limited
Christensen
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
Footnote:
This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US
| AURORA MOBILE LIMITED | ||||||||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS | ||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data) | ||||||||||||
| Three months ended | ||||||||||||
| March 31, 2024 | December 31, 2024 | March 31, 2025 | ||||||||||
| RMB | RMB | RMB | US$ | |||||||||
| Revenues | 64,524 | 93,153 | 88,961 | 12,259 | ||||||||
| Cost of revenues | (18,152 | ) | (36,468 | ) | (30,117 | ) | (4,150 | ) | ||||
| Gross profit | 46,372 | 56,685 | 58,844 | 8,109 | ||||||||
| Operating expenses | ||||||||||||
| Research and development | (22,681 | ) | (24,326 | ) | (24,607 | ) | (3,391 | ) | ||||
| Sales and marketing | (17,391 | ) | (24,583 | ) | (23,303 | ) | (3,211 | ) | ||||
| General and administrative | (12,932 | ) | (11,392 | ) | (12,676 | ) | (1,747 | ) | ||||
| Total operating expenses | (53,004 | ) | (60,301 | ) | (60,586 | ) | (8,349 | ) | ||||
| Other operating income | 1,579 | 3,393 | 197 | 27 | ||||||||
| Loss from operations | (5,053 | ) | (223 | ) | (1,545 | ) | (213 | ) | ||||
| Foreign exchange (loss)/gain, net | (23 | ) | (62 | ) | 38 | 5 | ||||||
| Interest income | 2,187 | 288 | 236 | 33 | ||||||||
| Interest expenses | (6 | ) | (42 | ) | (39 | ) | (5 | ) | ||||
| Other income/(loss) | 15 | (805 | ) | - | - | |||||||
| Gains from fair value change | 23 | 45 | 38 | 5 | ||||||||
| Loss before income taxes | (2,857 | ) | (799 | ) | (1,272 | ) | (175 | ) | ||||
| Income tax benefits/(expenses) | 244 | 105 | (336 | ) | (46 | ) | ||||||
| Net loss | (2,613 | ) | (694 | ) | (1,608 | ) | (221 | ) | ||||
| Less: net (loss)/income attributable to noncontrolling interests | (214 | ) | 372 | 944 | 130 | |||||||
| Net loss attributable to Aurora Mobile Limited’s shareholders | (2,399 | ) | (1,066 | ) | (2,552 | ) | (351 | ) | ||||
| Net loss per share, for Class A and Class B common shares: | ||||||||||||
| Class A and B Common Shares - basic and diluted | (0.03 | ) | (0.01 | ) | (0.03 | ) | (0.00 | ) | ||||
| Shares used in net loss per share computation: | ||||||||||||
| Class A Common Shares - basic and diluted | 62,687,345 | 63,200,100 | 63,254,710 | 63,254,710 | ||||||||
| Class B Common Shares - basic and diluted | 17,000,189 | 17,000,189 | 17,000,189 | 17,000,189 | ||||||||
| Other comprehensive income/(loss) | ||||||||||||
| Foreign currency translation adjustments | 78 | 1,357 | (82 | ) | (11 | ) | ||||||
| Total other comprehensive income/(loss), net of tax | 78 | 1,357 | (82 | ) | (11 | ) | ||||||
| Total comprehensive (loss)/income | (2,535 | ) | 663 | (1,690 | ) | (232 | ) | |||||
| Less: comprehensive (loss)/income attributable to noncontrolling interests | (214 | ) | 372 | 944 | 130 | |||||||
| Comprehensive (loss)/income attributable to Aurora Mobile Limited’s shareholders | (2,321 | ) | 291 | (2,634 | ) | (362 | ) | |||||
| AURORA MOBILE LIMITED | |||||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | |||||||||
| As of | |||||||||
| December 31, 2024 | March 31, 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | 119,171 | 113,267 | 15,609 | ||||||
| Restricted cash | 376 | 375 | 52 | ||||||
| Accounts receivable | 50,804 | 54,071 | 7,451 | ||||||
| Prepayments and other current assets | 14,264 | 17,354 | 2,391 | ||||||
| Total current assets | 184,615 | 185,067 | 25,503 | ||||||
| Non-current assets: | |||||||||
| Long-term investments | 113,506 | 113,458 | 15,635 | ||||||
| Property and equipment, net | 4,573 | 4,331 | 597 | ||||||
| Operating lease right-of-use assets | 17,146 | 15,892 | 2,190 | ||||||
| Intangible assets, net | 13,767 | 12,788 | 1,762 | ||||||
| Goodwill | 37,785 | 37,785 | 5,207 | ||||||
| Deferred tax assets | 131 | 167 | 23 | ||||||
| Other non-current assets | 6,510 | 6,503 | 895 | ||||||
| Total non-current assets | 193,418 | 190,924 | 26,309 | ||||||
| Total assets | 378,033 | 375,991 | 51,812 | ||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||
| Current liabilities: | |||||||||
| Short-term loan | 3,000 | - | - | ||||||
| Accounts payable | 32,691 | 34,114 | 4,701 | ||||||
| Deferred revenue and customer deposits | 147,111 | 156,929 | 21,625 | ||||||
| Operating lease liabilities | 4,461 | 4,152 | 572 | ||||||
| Accrued liabilities and other current liabilities | 74,370 | 66,407 | 9,151 | ||||||
| Total current liabilities | 261,633 | 261,602 | 36,049 | ||||||
| Non-current liabilities: | |||||||||
| Operating lease liabilities | 13,376 | 12,292 | 1,694 | ||||||
| Deferred tax liabilities | 3,059 | 2,891 | 398 | ||||||
| Other non-current liabilities | 567 | 567 | 78 | ||||||
| Total non-current liabilities | 17,002 | 15,750 | 2,170 | ||||||
| Total liabilities | 278,635 | 277,352 | 38,219 | ||||||
| Shareholders’ equity: | |||||||||
| Common shares | 50 | 51 | 7 | ||||||
| Treasury shares | (1,674 | ) | (2,898 | ) | (399 | ) | |||
| Additional paid-in capital | 1,045,221 | 1,047,375 | 144,332 | ||||||
| Accumulated deficit | (995,715 | ) | (998,267 | ) | (137,565 | ) | |||
| Accumulated other comprehensive income | 20,040 | 19,958 | 2,750 | ||||||
| Total Aurora Mobile Limited’s shareholders’ equity | 67,922 | 66,219 | 9,125 | ||||||
| Noncontrolling interests | 31,476 | 32,420 | 4,468 | ||||||
| Total shareholders’ equity | 99,398 | 98,639 | 13,593 | ||||||
| Total liabilities and shareholders’ equity | 378,033 | 375,991 | 51,812 | ||||||
| AURORA MOBILE LIMITED | ||||||||||||
| RECONCILIATION OF GAAP AND NON-GAAP RESULTS | ||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | ||||||||||||
| Three months ended | ||||||||||||
| March 31, 2024 | December 31, 2024 | March 31, 2025 | ||||||||||
| RMB | RMB | RMB | US$ | |||||||||
| Reconciliation of Net Loss to Adjusted Net (Loss)/Income: | ||||||||||||
| Net loss | (2,613 | ) | (694 | ) | (1,608 | ) | (221 | ) | ||||
| Add: | ||||||||||||
| Share-based compensation | 1,268 | 795 | 407 | 56 | ||||||||
| Adjusted net (loss)/income | (1,345 | ) | 101 | (1,201 | ) | (165 | ) | |||||
| Reconciliation of Net Loss to Adjusted EBITDA: | ||||||||||||
| Net loss | (2,613 | ) | (694 | ) | (1,608 | ) | (221 | ) | ||||
| Add: | ||||||||||||
| Income tax (benefits)/expenses | (244 | ) | (105 | ) | 336 | 46 | ||||||
| Interest expenses | 6 | 42 | 39 | 5 | ||||||||
| Depreciation of property and equipment | 380 | 197 | 266 | 37 | ||||||||
| Amortization of intangible assets | 1,369 | 1,052 | 1,019 | 140 | ||||||||
| EBITDA | (1,102 | ) | 492 | 52 | 7 | |||||||
| Add: | ||||||||||||
| Share-based compensation | 1,268 | 795 | 407 | 56 | ||||||||
| Adjusted EBITDA | 166 | 1,287 | 459 | 63 | ||||||||
| AURORA MOBILE LIMITED | ||||||||||||
| UNAUDITED SAAS BUSINESSES REVENUE | ||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | ||||||||||||
| Three months ended | ||||||||||||
| March 31, 2024 | December 31, 2024 | March 31, 2025 | ||||||||||
| RMB | RMB | RMB | US$ | |||||||||
| Developer Services | 44,749 | 70,998 | 62,322 | 8,588 | ||||||||
| Subscription | 42,351 | 54,687 | 53,467 | 7,368 | ||||||||
| Value-Added Services | 2,398 | 16,311 | 8,855 | 1,220 | ||||||||
| Vertical Applications | 19,775 | 22,155 | 26,639 | 3,671 | ||||||||
| Total Revenue | 64,524 | 93,153 | 88,961 | 12,259 | ||||||||
| Gross Profits | 46,372 | 56,685 | 58,844 | 8,109 | ||||||||
| Gross Margin | ||||||||||||
FAQ
What were Aurora Mobile's (JG) Q1 2025 revenue and growth rate?
How did Aurora Mobile's EngageLab business perform in Q1 2025?
What is Aurora Mobile's (JG) guidance for Q2 2025?
Did Aurora Mobile (JG) achieve profitability in Q1 2025?
What was Aurora Mobile's (JG) gross profit in Q1 2025?
