Ruanyun Edai Technology Announces Fiscal 2026 Financial Results; Reports 11.9% Revenue Growth and Return to Positive Equity
Rhea-AI Summary
Ruanyun Edai Technology (NASDAQ: RYET) reported fiscal 2026 revenue of $7.48 million, up 11.9% year over year, driven by campus operations and student-life services, which generated $5.72 million and 76.4% of total revenue.
The company ended March 31, 2026 with $5.28 million in total equity, returning to positive equity from a prior deficit, and $3.28 million in working capital. Cash rose to $4.08 million, supported by its IPO, while short-term bank loans stood at $4.28 million. Operating expenses increased sharply, leading to a net loss of $7.91 million versus $0.52 million in 2025, as gross margin declined on a higher mix of people-intensive campus services and higher public-company and marketing costs. Management highlighted plans to improve margins, expand AI product sales, grow Smart Campus, and pursue international education under a proposed transition to the Formind Group name, subject to approvals.
Positive
- Revenue +11.9% to $7.48 million in fiscal 2026
- Campus operations and student-life revenue $5.72 million, 76.4% of total
- Total equity improved to $5.28 million from a $0.51 million deficit
- Working capital improved to $3.28 million from a $2.10 million deficit
- Cash balance increased to $4.08 million from $0.67 million
- Additional paid-in capital rose to $29.17 million after IPO financing
Negative
- Net loss widened to $7.91 million from $0.52 million year over year
- Gross profit declined to $1.88 million from $3.79 million
- Selling and marketing expenses rose to $3.89 million from $1.78 million
- General and administrative expenses increased to $4.53 million from $1.56 million
- Net cash used in operating activities was $9.15 million
- PRC government penalty charge of $0.74 million recorded below operating loss
News Explained
At March 31, 2026, cash was $4.08 million against $9.15 million of annual operating cash use, with 35.55 million shares outstanding.
The company has reported fiscal 2026 results and says its Form 20-F is filed; at
The year-end share count was 30,000,004 at
For fiscal 2026, net cash used in operating activities was
The cash-flow statement identifies a
Market reaction after Fiscal 2026 earnings report: RYET +5.05%
Following this news, RYET has gained 5.05%, reflecting a notable positive market reaction. Our momentum scanner has triggered 3 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $1.04.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 30 | Interim earnings results | Negative | -5.5% | Revenue declined sharply while net loss widened during the interim reporting period. |
| Jul 31 | Fiscal earnings results | Neutral | -4.7% | Revenue declined despite improved gross profit, margins, and a narrower net loss. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Both prior earnings events recorded negative 24-hour reactions, averaging -5.12%.
Key Terms
form 20-f regulatory
u.s. gaap financial
deferred revenue financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Campus operations and student-life services contributed
KUALA LUMPUR, Malaysia, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) ("Ruanyun," "RYET" or the "Company"), an AI-driven education and technology company, announced its financial results for the fiscal year ended March 31, 2026 and filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the "SEC").
Fiscal 2026 marked Ruanyun's first fiscal year as a Nasdaq-listed company and broadened its revenue base. Campus operations and student-life services became the Company's largest revenue source and drove growth of
"We are pleased to report that revenue rose
"For fiscal 2027, our priorities are to improve margins, expand sales of our AI products and develop international education opportunities," Ms. Fu continued. "We intend to build on the momentum in our campus-services business while maintaining disciplined collections and cash management. The proposed transition to the Formind Group name reflects the broader direction we are taking the Company."
Fiscal Year 2026 Highlights
- Revenue growth: Revenue rose by approximately
$0.80 million , or11.9% , to$7.48 million , meeting the Company's earlier expectation of full-year growth. - Campus-services contribution: Campus operations and student-life services contributed
$5.72 million , or76.4% of total revenue, and became the Company's largest revenue source. - Stronger financial position: Total equity returned to positive territory at
$5.28 million , working capital improved to positive$3.28 million , and cash was$4.08 million at March 31, 2026. - Net loss: Net loss was
$7.91 million , compared with$0.52 million in fiscal 2025, reflecting the lower gross margin and higher operating expenses described below. - Fiscal 2027 priorities: Improve margins, expand sales of AI products, build on campus-services momentum and develop international education opportunities.
Smart Campus and Related Campus Services
Campus operations and student-life services generated
Smart Campus extends Ruanyun's work beyond classroom technology into day-to-day campus services, including food-service management, merchant settlement, dormitory utilities, student-life workflows and vocational services. In fiscal 2027, the Company plans to add customers, improve margins and operating efficiency, and shorten settlement and collection cycles.
Other Initiatives
Ruanyun is also advancing Cogni AI, YeeZo and other initiatives. Cogni AI is designed to support document digitization, recognition and automation for institutional and enterprise applications. YeeZo is designed to support AI-assisted content planning and multi-model content production. In addition, after year-end, the Company raised approximately
These product initiatives are at different stages of commercialization and may involve customer-specific customization, deployment, integration, data migration, training and ongoing support.
Preparing for the Formind Transition
The planned move to the Formind Group name reflects Ruanyun's development beyond its original school-focused products. The new name is intended to better represent a business that now includes Smart Campus, AI products and international education, while retaining the Company's education-technology roots. The name change remains subject to shareholder approval and completion of applicable corporate and regulatory steps.
Fiscal Year 2026 Financial Review
Campus operations and student-life services became the Company's largest revenue source during fiscal 2026 and drove overall revenue growth. Because these services require more people and day-to-day operating support than the Company's historical software and content businesses, the change in mix reduced consolidated gross margin.
A substantial portion of fiscal 2026 revenue was recognized in the second half, reflecting project delivery, customer acceptance and invoicing timing, as well as the September 2025 launch of Smart Campus Services. The timing of revenue may continue to vary with contract milestones, school calendars, customer budgets and invoicing cycles.
Selling and marketing expenses increased to
Cash Flow and Financial Position
Net cash used in operating activities was
The Company ended fiscal 2026 with
The IPO strengthened the balance sheet. At March 31, 2025, the Company had a working-capital deficit of approximately
| RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS | ||||||
| As of March 31, | ||||||
| 2026 | 2025 | |||||
| Assets | ||||||
| Current assets | ||||||
| Cash | $ | 4,082,622 | $ | 673,397 | ||
| Restricted cash | — | 125,561 | ||||
| Accounts receivable, net | 840,209 | 3,310,143 | ||||
| Accounts receivable, net - related party | 332,391 | — | ||||
| Due from related parties | 21,745 | 11,410 | ||||
| Inventories | 18,461 | 59,077 | ||||
| Deferred contract costs | 297,945 | 63,392 | ||||
| Prepaid expenses and other current assets | 6,802,753 | 35,923 | ||||
| Total current assets | 12,396,126 | 4,278,903 | ||||
| Non-current assets | ||||||
| Property and equipment, net | 470,468 | 460,314 | ||||
| Capitalized software development cost, net | 95,489 | 202,166 | ||||
| Deferred offering Cost | 1,320,000 | 838,804 | ||||
| Long-term deposits | 112,312 | 94,811 | ||||
| Total non-current assets | 1,998,269 | 1,596,095 | ||||
| Total assets | $ | 14,394,395 | $ | 5,874,998 | ||
| LIABILITIES | ||||||
| Current liabilities | ||||||
| Short-term bank loans | $ | 4,276,602 | $ | 4,408,340 | ||
| Accounts payable | 1,975,509 | 1,075,456 | ||||
| Deferred revenue | 183,194 | 135,737 | ||||
| Due to related parties | 58,483 | 43,289 | ||||
| Accrued expenses and other liabilities | 2,621,991 | 718,327 | ||||
| Total current liabilities | 9,115,779 | 6,381,149 | ||||
| Total non-current liabilities | — | — | ||||
| Total liabilities | 9,115,779 | 6,381,149 | ||||
| COMMITMENTS AND CONTINGENCIES | ||||||
| EQUITY (DEFICIT) | ||||||
| Ordinary shares (US | ||||||
| 35,550,004 and 30,000,004 shares issued and outstanding as of March 31, 2026 and 2025, respectively) | 7,110 | 6,000 | ||||
| Additional paid-in capital | 29,168,108 | 15,210,301 | ||||
| Accumulated deficit | (23,482,984) | (15,630,351) | ||||
| Accumulated other comprehensive (loss) income | (19,694) | 252,250 | ||||
| Total Ruanyun Edai Technology Inc.’s shareholders’ equity (deficit) | 5,672,540 | (161,800) | ||||
| Non-controlling interest | (393,924) | (344,351) | ||||
| Total equity (deficit) | 5,278,616 | (506,151) | ||||
| Total liabilities and equity (deficit) | $ | 14,394,395 | $ | 5,874,998 | ||
| RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS | ||||||
| For the Years Ended March 31, | ||||||
| 2026 | 2025 | |||||
| Revenues from third parties | $ | 5,423,704 | $ | 6,685,387 | ||
| Revenue from related parties | 2,057,707 | — | ||||
| Total revenues | 7,481,411 | 6,685,387 | ||||
| Cost of revenues | (5,597,566) | (2,892,516) | ||||
| Gross profit | 1,883,845 | 3,792,871 | ||||
| Operating expenses | ||||||
| Selling and marketing expenses | (3,890,156) | (1,784,837) | ||||
| General and administrative expenses | (4,532,566) | (1,563,423) | ||||
| Research and development expenses | (775,867) | (930,904) | ||||
| Total operating expenses | (9,198,589) | (4,279,164) | ||||
| Loss from operations | (7,314,744) | (486,293) | ||||
| Interest income (expenses), net | 31,404 | (153,869) | ||||
| Government subsidy | 210,894 | 11,811 | ||||
| Other (expenses) income, net | (813,127) | 108,644 | ||||
| Loss before income taxes | (7,885,573) | (519,707) | ||||
| Income tax expenses | (22,139) | (16) | ||||
| Net loss | (7,907,712) | (519,723) | ||||
| Net loss attributable to non-controlling interests | (55,079) | (123,161) | ||||
| Net loss attributable to common shareholders | (7,852,633) | (396,562) | ||||
| COMPREHENSIVE LOSS | ||||||
| Net loss | (7,907,712) | (519,723) | ||||
| Unrealized foreign currency translation loss | (266,438) | (15,567) | ||||
| Comprehensive loss | (8,174,150) | (535,290) | ||||
| Less: comprehensive loss attributable to non-controlling interests | (49,573) | (133,227) | ||||
| Comprehensive loss attributable to common shareholders | $ | (8,124,577) | $ | (402,063) | ||
| Weighted average number of ordinary share outstanding | ||||||
| Basic and Diluted | 34,238,222 | 30,000,004 | ||||
| Loss per share | ||||||
| Basic and Diluted | $ | (0.23) | $ | (0.01) | ||
Annual Report on Form 20-F
The Company has filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2026 with the U.S. Securities and Exchange Commission. The Annual Report is available through the SEC's EDGAR database at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001873454/000173112226000996/e7798_20f.htm and on the Company's investor relations website at https://investors.ruanyun.net/financials.html.
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. (NASDAQ: RYET) is an AI-driven education and technology company focused on intelligent content recognition, automated assessment, next-generation learning systems and technology-enabled educational support services. The Company is committed to delivering scalable, efficient and intelligent technology solutions globally. Subject to shareholder approval and completion of applicable corporate and regulatory processes, the Company plans to transition to the Formind Group name as part of its broader global strategy.
Investor Relations and Corporate Communications
FSR Capital, a FSR Group Company
Email: ir@fsr.group
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the Company's fiscal year 2027 priorities; future operating and financial performance; margins, operating efficiency, collections, liquidity and capital requirements; the development and commercialization of Smart Campus Services, Cogni AI, YeeZo, and other initiatives; international expansion; and the planned transition toward the Formind Group identity.
Forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, without limitation, risks relating to the Company's business transformation; the lower-margin and working-capital characteristics of service-based revenue; operating costs; receivable collections and expected-credit-loss estimates; customer acceptance and revenue recognition; principal-versus-agent and consolidation judgments; Smart Campus operations and settlement arrangements; development and market acceptance of AI-enabled products; cybersecurity, data protection and regulatory compliance; international expansion and partner performance; access to financing, dilution and Nasdaq compliance; and completion of the proposed Formind Group transition.
The post-year-end operating figures in this release are based on unaudited management accounts and should not be regarded as audited consolidated financial results. Actual revenue recognized may differ due to audit adjustments, consolidation analysis, intercompany eliminations, accounting treatment, principal-versus-agent analysis, timing differences, currency translation and applicable accounting standards. Post-year-end contracts, product announcements and commercial activity may not result in recognized revenue, profitability or cash collections. Additional risks and uncertainties are described in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
