LOBO TECHNOLOGIES LTD. Announces First Half of Fiscal Year 2026 Financial Results
LOBO grew revenue and added AI services but remains loss-making with increased cash burn funded by new equity and short-term debt.
Rhea-AI Summary
LOBO Technologies (LOBO) reported first-half fiscal 2026 revenue of $14.6 million, up 20.6% year over year, for the six months ended June 30, 2026.
Core electric vehicles and accessories sales rose 8.2% to $13.1 million, while the newly launched AI infrastructure services business contributed $1.5 million. Two-wheeled e-bicycle revenue grew 21.71% to $8.1 million, with three-wheeled vehicles down 29.22% to $2.2 million and battery revenue down 46.75% to $0.9 million. Gross profit was stable at $1.9 million, but gross margin declined to 13.2% from 16.1%.
Total operating expenses fell 17.9% to $2.5 million, narrowing net loss to $1.1 million from $2.6 million, or $0.07 loss per share versus $0.28. Cash and cash equivalents were $1.0 million, as operating cash outflow of $3.7 million was funded by $4.3 million of net cash from financing activities, including new equity and higher short-term borrowing.
Positive
- Total revenue $14.6 million, up 20.6% year over year in H1 2026
- EV and accessories revenue $13.1 million, up 8.2% year over year
- New AI infrastructure services business generated $1.5 million revenue in H1 2026
- Total operating expenses decreased 17.9% to $2.5 million in H1 2026
- Net loss narrowed to $1.1 million from $2.6 million year over year
- Total shareholders’ equity increased to $8.0 million from $7.0 million since December 31, 2025
Negative
- Gross margin declined to 13.2% from 16.1% year over year
- Net cash used in operating activities widened to $3.7 million from $1.2 million
- Net cash from financing activities rose to $4.3 million, indicating higher reliance on external funding
- Short-term loans increased to $4.5 million from $3.0 million since December 31, 2025
- Cash and cash equivalents remained low at $1.0 million as of June 30, 2026
- Company remains unprofitable with H1 2026 net loss of $1.1 million
News Explained
By June 30, Class A shares outstanding were 10,711,618 versus 8,838,194 at year-end; absent offsets, the larger share base can reduce existing holders’ percentage ownership.
LOBO reported unaudited first-half results for the six months ended
Issuing additional shares increases total share count and reduces an existing holder’s percentage ownership absent offsetting changes; the report also records
Financing cash flow included
Details
Market reaction after 1H26 earnings report: LOBO +27.81%
Following this news, LOBO has gained 27.81%, reflecting a significant positive market reaction. Argus tracked a peak move of +51.4% during the session. Our momentum scanner has triggered 51 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $0.68. Trading volume is exceptionally heavy at 292.4x the average, suggesting very strong buying interest.
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Key Figures
- Revenue
- $14.6 million
- First half fiscal year 2026; up 20.6% year over year
- AI infrastructure services revenue
- $1.5 million
- First half fiscal year 2026
- Gross profit margin
- 13.2%
- First half fiscal year 2026 vs. 16.1% prior-year period
- Net loss
- $1.1 million
- First half fiscal year 2026 vs. $2.6 million prior-year period
- Loss per share
- $0.07
- Basic and diluted; first half fiscal year 2026 vs. $0.28 prior-year period
- Operating expenses
- $2.5 million
- First half fiscal year 2026; down 17.9% year over year
- Cash and cash equivalents
- $1.0 million
- As of June 30, 2026
- Net cash used in operating activities
- $3.7 million
- First half fiscal year 2026
Previous Earnings Reports
-
H1 revenue increased 49% despite a reported net loss
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
convertible note financial
pre-funded warrants financial
deferred tax assets financial
deferred tax liabilities financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
WUXI, China, Sept. 18, 2026 (GLOBE NEWSWIRE) -- LOBO TECHNOLOGIES LTD. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric mobility vehicles manufacturer and seller, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026.
Mr. Huajian Xu, Chief Executive Officer of LOBO, commented, “We delivered encouraging progress in the first half of 2026, with total revenues increasing
“At the same time, we continued to sharpen our cost structure and improve operating efficiency, with total operating expenses decreasing
“Looking ahead, we will continue to strengthen our core electric mobility business while selectively pursuing technology-driven opportunities that complement our capabilities and expand our growth potential. We remain focused on disciplined execution, efficient capital allocation and building sustainable long-term value for our shareholders.”
First Half of Fiscal Year 2026 Financial Summary
- Revenues were
$14.6 million for the first half of fiscal year 2026, an increase of20.6% from$12.1 million for the same period of last year. - Gross profit was
$1.9 million for the first half of fiscal year 2026, relatively stable compared to$1.9 million for the same period of last year. - Gross profit margin was
13.2% for the first half of fiscal year 2026, compared to16.1% for the same period of last year. - Net loss was
$1.1 million for the first half of fiscal year 2026, compared to$2.6 million for the same period of last year. - Basic and diluted loss per share were
$0.07 for the first half of fiscal year 2026, compared to$0.28 for the same period of last year.
First Half of Fiscal Year 2026 Financial Results
Revenues
Revenues were
- Revenue from two-wheeled e-bicycles was
$8.1 million for the first half of fiscal year 2026, an increase of21.71% from$6.7 million for the same period of last year. - Revenue from two-wheeled e-mopeds was nil for the first half of fiscal year 2026, compared to
$36,778 for the same period of last year. - Revenue from three-wheeled electric vehicles was
$2.2 million for the first half of fiscal year 2026, a decrease of29.22% from$3.1 million for the same period of last year. - Revenue from four-wheeled electric off-highway shuttles was
$0.9 million for the first half of fiscal year 2026, an increase of143.51% from$0.4 million for the same period of last year. - Revenue from batteries was
$0.9 million for the first half of fiscal year 2026, a decrease of46.75% from$1.7 million for the same period of last year. - Revenue from parts and accessories was
$1.0 million for the first half of fiscal year 2026, an increase of345.36% from$0.2 million for the same period of last year.
Cost of Revenues
Cost of revenue was
Gross Profit
Gross profit was
Operating Expenses
Total operating expenses were
- Selling and marketing expenses were
$0.4 million for the first half of fiscal year 2026, an increase from$0.3 million for the same period of last year, primarily due to higher salary expenses and freight costs associated with higher sales volume. - General and administrative expenses were
$0.8 million for the first half of fiscal year 2026, decreased from$1.7 million for the same period of last year. The general and administrative expenses decrease primarily due to lower professional service fees incurred in the six months ended June 30, 2026. - Research and development expenses were
$1.3 million for the first half of fiscal year 2026, an increase from$1.1 million for the same period of last year, primarily due to the Company’s continued investment in developing its platform related AI infrastructure.
Net Loss
Net loss was
Basic and Diluted Loss per Share
Basic and diluted loss per share were
Financial Condition
As of June 30, 2026, the Company had cash and cash equivalents of
Net cash used in operating activities was
Net cash used in investing activities was
Net cash provided by financing activities was
About LOBO TECHNOLOGIES LTD.
LOBO TECHNOLOGIES LTD. (NASDAQ: LOBO) is a manufacturer of electric mobility products. Its product portfolio includes electric bicycles, electric motorcycles, electric tricycles, electric off-road vehicles (such as golf carts and mobility scooters) as well as solar-powered vehicles.
LOBO is committed to promoting sustainable transportation through advanced technologies, with the goal of reducing carbon emissions and improving energy efficiency.
For more information about the Company, please visit: www.loboebike.com.
For more information about the Company’s Claw AI Agent platform and LoboToken.ai platform, please visit:
Claw AI Agent platform: www.loboaiclaw.com;
LoboToken.ai: www.lobotoken.ai.
Forward-Looking Statements
This announcement contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this announcement. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's annual report for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2026, and other filings with the SEC.
For more information, please contact:
LOBO TECHNOLOGIES LTD.
Zane Xu
Investor Relations Manager
Email: ir@loboai.com
Ascent Investor Relations LLC
Tina Xiao
Tel: +1-646-932-7242
Email: investors@ascent-ir.com
| LOBO TECHNOLOGIES LTD | ||||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| (In U.S. dollars except for number of shares) | ||||||||
| As of | ||||||||
| June 30, 2026 | December 31, 2025 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 980,746 | $ | 908,341 | ||||
| Accounts receivable, net | 3,922,979 | 3,107,520 | ||||||
| Inventories, net | 10,221,788 | 9,698,754 | ||||||
| Short-term investments | 49,962 | 747,709 | ||||||
| Prepaid expenses and other current assets | 3,281,862 | 3,366,882 | ||||||
| Total current assets | 18,457,337 | 17,829,206 | ||||||
| Property and equipment, net | 1,106,184 | 1,097,411 | ||||||
| Intangible assets, net | 121,037 | 308,553 | ||||||
| Operating lease right-of-use assets, net | 796,351 | 1,014,161 | ||||||
| Long-term loan receivable | 850,000 | - | ||||||
| Deferred tax assets | 182,882 | 247,309 | ||||||
| Total Assets | 21,513,791 | 20,496,640 | ||||||
| Liabilities and Shareholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 1,455,864 | $ | 1,768,339 | ||||
| Contract liability | 3,239,888 | 2,067,018 | ||||||
| Other current payables | 718,523 | 3,360,773 | ||||||
| Taxes payable | 1,739,791 | 1,414,938 | ||||||
| Amounts due to related parties | 163,625 | 38,564 | ||||||
| Short-term loans | 4,540,378 | 2,968,491 | ||||||
| Operating lease liabilities, current | 1,451,725 | 1,233,892 | ||||||
| Total current liabilities | 13,309,794 | 12,852,015 | ||||||
| Long-term loan | 14,990 | 95,441 | ||||||
| Deferred tax liabilities | 7,964 | 151,308 | ||||||
| Operating lease liabilities, non-current | 200,306 | 410,572 | ||||||
| Total liabilities | 13,533,054 | 13,509,336 | ||||||
| Commitments and contingencies | - | - | ||||||
| Equity: | ||||||||
| Class A Ordinary shares (US | 10,712 | 8,839 | ||||||
| Class B Ordinary shares (US | 3,730 | 3,730 | ||||||
| Additional paid-in capital | 12,624,147 | 10,804,674 | ||||||
| Accumulated deficit | (4,873,449 | ) | (3,795,004 | ) | ||||
| Accumulated other comprehensive income/(loss) | 51,153 | (199,379 | ) | |||||
| Statutory reserve | 164,444 | 164,444 | ||||||
| Total shareholders’ equity | 7,980,737 | 6,987,304 | ||||||
| Total Liabilities and Equity | $ | 21,513,791 | $ | 20,496,640 | ||||
| LOBO TECHNOLOGIES LTD | ||||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||
| (In U.S. dollars except for number of shares) | ||||||||
| Six Months Ended June 30, | ||||||||
| 2026 | 2025 | |||||||
| Revenues | $ | 14,586,984 | $ | 12,091,762 | ||||
| Cost of revenues | 12,661,580 | 10,149,305 | ||||||
| Gross Profit | 1,925,404 | 1,942,457 | ||||||
| Operating expenses | ||||||||
| Selling and marketing expenses | 423,358 | 338,080 | ||||||
| General and administrative expenses | 796,048 | 1,701,458 | ||||||
| Research and development expenses | 1,320,313 | 1,053,921 | ||||||
| Total operating expenses | 2,539,719 | 3,093,459 | ||||||
| Operating loss | (614,315 | ) | (1,151,002 | ) | ||||
| Other (expenses)/income | ||||||||
| Interest expense | (60,464 | ) | (1,437,601 | ) | ||||
| Gain on disposal of subsidiaries | - | 50,545 | ||||||
| Other (expenses)/income | (478,784 | ) | 86,714 | |||||
| Total other (expenses)/income, net | (539,248 | ) | (1,300,342 | ) | ||||
| Loss before income tax expense | (1,153,563 | ) | (2,451,344 | ) | ||||
| Income tax (benefit)/expense | (75,118 | ) | 170,825 | |||||
| Net Loss | (1,078,445 | ) | (2,622,169 | ) | ||||
| Net Loss | (1,078,445 | ) | (2,622,169 | ) | ||||
| Foreign currency translation adjustments | 250,532 | 176,222 | ||||||
| Total comprehensive loss | (827,913 | ) | (2,445,947 | ) | ||||
| Net loss per share, basic and diluted | $ | (0.07 | ) | $ | (0.28 | ) | ||
| Weighted average shares outstanding, basic and diluted | 14,678,842 | 9,368,223 | ||||||
| LOBO TECHNOLOGIES LTD | ||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||
| (In USD) | ||||||
| For the six months ended June 30, | ||||||
| 2026 | 2025 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
| Net loss | (1,078,445 | ) | (2,622,169 | ) | ||
| Adjustment to reconcile net loss to net cash used in operating activities | ||||||
| Depreciation and amortization | 284,556 | 364,331 | ||||
| Common stock issued for services | - | 354,950 | ||||
| Investment loss/(income) | 389,239 | (20,113 | ) | |||
| Gain on disposal of subsidiaries | - | (50,545 | ) | |||
| Amortization of Convertible Note issuance cost and debt discount upon conversion | - | 1,421,069 | ||||
| Amortization of operating lease right-of-use assets | 246,095 | - | ||||
| Changes in Operating Assets and Liabilities | ||||||
| Accounts receivable, net | (1,702,930 | ) | (952,628 | ) | ||
| Inventories, net | (223,173 | ) | (1,726,797 | ) | ||
| Prepaid expenses and other current assets | 172,286 | 3,358,866 | ||||
| Deferred tax asset | 71,197 | - | ||||
| Deferred tax liabilities | (146,315 | ) | - | |||
| Accounts payable | (359,867 | ) | (648,149 | ) | ||
| Advance from customers | 1,097,007 | (1,212,522 | ) | |||
| Other current payables | (2,698,280 | ) | (14,258 | ) | ||
| Taxes payable | 278,306 | 364,118 | ||||
| Operating lease Liabilities | (42,362 | ) | 170,091 | |||
| Net cash used in operating activities | (3,712,686 | ) | (1,213,756 | ) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
| Purchase of short-term investment | (810,815 | ) | (551,526 | ) | ||
| Sales of short-term investment | 1,134,125 | 571,639 | ||||
| Proceeds from disposal of subsidiaries | - | 206,822 | ||||
| Purchase of property and equipment | (51,475 | ) | (95,215 | ) | ||
| Payments for loans advanced to third parties | (850,000 | ) | - | |||
| Net cash (used in)/provided by investing activities | (578,165 | ) | 131,720 | |||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
| Proceeds from issuance of Class A ordinary shares and warrants | 1,820,746 | - | ||||
| Proceeds from exercise of Pre-Funded Warrants | 600 | |||||
| Proceeds of interest-free loan from related parties | 1,677,783 | 382,484 | ||||
| Repayments of interest-free loan to related parties | (576,221 | ) | (1,180,782 | ) | ||
| Proceeds from short-term loan | 2,185,824 | 1,481,385 | ||||
| Repayments of short-term loans | (728,608 | ) | - | |||
| Repayments of long-term loans | (75,448 | ) | (71,389 | ) | ||
| Net cash provided by financing activities | 4,304,676 | 611,698 | ||||
| - | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 58,580 | 4,959 | ||||
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 72,405 | (465,379 | ) | |||
| CASH AND CASH EQUIVALENTS, beginning of period | 908,341 | 1,889,590 | ||||
| CASH AND CASH EQUIVALENTS, end of period | 980,746 | 1,424,211 | ||||
| SUPPLEMENTAL CASH FLOW INFORMATION | ||||||
| Cash paid during the period for: | ||||||
| Income taxes | 4,200 | - | ||||
| Interest | 72,686 | (26,741 | ) | |||
| NON-CASH TRANSACTIONS | ||||||
| Common stock issued upon conversion of debt and accrued interest | 1,382,664 | |||||
| Offsetting of the consideration receivable from disposal of subsidiary against other current payables | 3,515,981 | |||||
| Offsetting of account receivables against amounts due to related parties | 976,335 | - | ||||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did LOBO’s revenue mix by product category change in the first half of fiscal 2026?
In the first half of fiscal 2026, revenue from two-wheeled e-bicycles increased 21.71% to $8.1 million, while revenue from two-wheeled e-mopeds was nil compared with $36,778 a year earlier. Three-wheeled electric vehicle revenue declined 29.22% to $2.2 million, and four-wheeled electric off-highway shuttle revenue rose 143.51% to $0.9 million. Battery revenue decreased 46.75% to $0.9 million, and parts and accessories revenue grew 345.36% to $1.0 million.
What were the key drivers of changes in LOBO’s operating expenses?
Selling and marketing expenses increased to $0.4 million, mainly from higher salary expenses and freight costs tied to higher sales volume. General and administrative expenses decreased to $0.8 million, primarily due to lower professional service fees. Research and development expenses rose to $1.3 million, driven by continued investment in platform-related AI infrastructure.
What does LOBO’s cash flow profile look like for the first half of fiscal 2026?
Net cash used in operating activities was $3.7 million, compared with $1.2 million a year earlier. Investing activities used $0.6 million of cash, mainly due to purchase of short-term investments, property and equipment, and loans advanced to third parties, partially offset by sales of short-term investments. Financing activities provided $4.3 million of cash, including proceeds from issuance of Class A ordinary shares and warrants, an interest-free loan from related parties, and net proceeds from short-term loans.