Ruanyun Edai Technology Inc. Announces 1H 2026 Unaudited Interim Financial Results
Rhea-AI Summary
Ruanyun Edai Technology (NASDAQ: RYET) reported unaudited results for the six months ended September 30, 2025 (1H 2026). Revenue was $366,256, down 91.1% from $4,109,689 a year earlier. Gross margin fell to 26.2% from 42.1%. Net loss widened to $4,569,013 versus $680,241.
Management attributed the revenue decline to domestic regulatory and economic pressures and announced a strategic realignment toward international markets and investments in product portfolio optimization and a global operational platform.
Positive
- Announced strategic realignment toward international markets
- Management investing in product portfolio optimization and global operations
Negative
- Revenue declined 91.1% YoY to $366,256 for six months ended Sept 30, 2025
- Net loss widened to $4,569,013 versus $680,241 a year earlier
- Gross margin dropped to 26.2% from 42.1% (15.9 percentage points)
News Market Reaction – RYET
In the Mar 31 session, RYET declined 5.53%, reflecting a notable negative market reaction. Argus tracked a trough of -9.4% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. Trading volume was very high at 3.9x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 31 | Full-year earnings | Neutral | -4.7% | FY2025 results with revenue decline but strong margin expansion and narrower net loss. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Past earnings (FY2025) led to a modest negative reaction despite margin improvements, suggesting investors have been cautious around financial updates.
Over the last several quarters, Ruanyun has shifted from FY2025 results showing revenue down but gross margin expanding to 56.7%, to using tools like a $100 million equity purchase facility to fund AI education expansion. The board later approved a rebranding to Formind Group, tied to a global strategy and Middle East opportunities. Against this backdrop, today’s 1H 2026 update, with sharply lower revenue and a wider net loss, marks a reversal from the earlier profitability improvements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NANCHANG, China, March 30, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”), an innovative artificial intelligence (“AI”) driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems, today announced its unaudited interim financial results for the six months ended September 30, 2025.
1H 2026 (Six Months Ended September 30, 2025) Unaudited Interim Financial Highlights
- Our revenue was
$366,256 for the six months ended September 30, 2025, compared with$4,109,689 for the six months ended September 30, 2024, representing a decrease of91.1% . - Gross margin was
26.2% for the six months ended September 30, 2025, compared with42.1% for the six months ended September 30, 2024. - Our net loss was
$4,569,013 for the six months ended September 30, 2025, compared with net loss of$680,241 for the six months ended September 30, 2024.
Management Commentary
Ms. Maggie Fu, Chief Executive Officer of Ruanyun, commented, “The decline in revenue reflects challenging domestic market conditions driven by regulatory changes and broader economic deceleration in China. We have proactively responded by strategically realigning our business toward international markets, establishing a global operational platform beyond our traditional geographic concentration. While this strategic transformation has temporarily impacted our margins, we believe these investments in international expansion and product portfolio optimization position Ruanyun for a broader and more global future.”
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems. For more information, please visit: ruanyun.net and investors.ruanyun.net.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions. Any forward-looking statements contained in this press release speak only as of the date hereof, and Ruanyun Edai Technology Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For Investor Inquiries and Media Contact:
WFS Investor Relations Inc.
Email: services@wfsir.com
Phone: +1 628 283 9214
| RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES | ||||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| As of September 30, | As of March 31, | |||||||
| 2025 | 2025 | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash | $ | 2,668,147 | $ | 673,397 | ||||
| Restricted cash | 112,417 | 125,561 | ||||||
| Accounts receivable, net | 1,490,274 | 3,310,143 | ||||||
| Due from related parties | 16,969 | 11,410 | ||||||
| Inventories | 62,770 | 59,077 | ||||||
| Deferred contract costs | 307,983 | 63,392 | ||||||
| Prepaid expenses and other current assets | 4,635,548 | 35,923 | ||||||
| Deposit for long-term investment | 4,200,000 | — | ||||||
| Total current assets | 13,494,108 | 4,278,903 | ||||||
| Non-current assets | ||||||||
| Property and equipment, net | 470,847 | 460,314 | ||||||
| Capitalized software development cost, net | 137,164 | 202,166 | ||||||
| Deferred offering cost | — | 838,804 | ||||||
| Long term deposits | 80,214 | 94,811 | ||||||
| Total non-current assets | 688,225 | 1,596,095 | ||||||
| Total assets | $ | 14,182,333 | $ | 5,874,998 | ||||
| LIABILITIES | ||||||||
| Current liabilities | ||||||||
| Short-term bank loans | $ | 4,282,905 | $ | 4,408,340 | ||||
| Accounts payable | 429,649 | 1,075,456 | ||||||
| Deferred revenue | 204,594 | 135,737 | ||||||
| Due to related parties | 46,012 | 43,289 | ||||||
| Accrued expenses and other liabilities | 2,168,951 | 718,327 | ||||||
| Total Current and Total Liabilities | 7,132,111 | 6,381,149 | ||||||
| COMMITMENTS | ||||||||
| EQUITY | ||||||||
| Ordinary shares ( | 6,750 | 6,000 | ||||||
| Additional paid-in capital | 27,190,636 | 15,210,301 | ||||||
| Accumulated deficit | (20,192,106 | ) | (15,630,351 | ) | ||||
| Accumulated other comprehensive income | 390,515 | 252,250 | ||||||
| Total Ruanyun Edai Technology Inc.’s shareholders’ equity (deficit) | 7,395,795 | (161,800 | ) | |||||
| Non-controlling interest | (345,573 | ) | (344,351 | ) | ||||
| Total Equity (Deficit) | 7,050,222 | (506,151 | ) | |||||
| Total liabilities and equity (deficit) | $ | 14,182,333 | $ | 5,874,998 | ||||
| RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES | ||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||
| COMPREHENSIVE LOSS | ||||||||
| For the Six Months Ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| REVENUE | $ | 366,256 | $ | 4,109,689 | ||||
| COST OF REVENUE | (270,367 | ) | (2,378,330 | ) | ||||
| GROSS PROFIT | 95,889 | 1,731,359 | ||||||
| OPERATING EXPENSES | ||||||||
| Selling expenses | (910,724 | ) | (1,027,469 | ) | ||||
| General and administrative expenses | (2,434,355 | ) | (749,799 | ) | ||||
| Research and development expenses | (455,866 | ) | (513,461 | ) | ||||
| Total operating expenses | (3,800,945 | ) | (2,290,729 | ) | ||||
| Loss from operations | (3,705,056 | ) | (559,370 | ) | ||||
| Interest expense, net | (34,358 | ) | (121,058 | ) | ||||
| Government subsidy | 1,164 | — | ||||||
| Other income (expense), net | (830,763 | ) | (187 | ) | ||||
| LOSS BEFORE INCOME TAXES | (4,569,013 | ) | (680,241 | ) | ||||
| Income tax expenses | — | — | ||||||
| NET LOSS | (4,569,013 | ) | (680,241 | ) | ||||
| Net loss attributable to non-controlling interests | (7,258 | ) | (63,337 | ) | ||||
| NET LOSS ATTRIBUTABLE TO RUANYUN SHAREHOLDERS | (4,561,755 | ) | (616,904 | ) | ||||
| COMPREHENSIVE LOSS | ||||||||
| Net loss | (4,569,013 | ) | (680,241 | ) | ||||
| Foreign currency translation adjustment | (144,301 | ) | (17,062 | ) | ||||
| Comprehensive loss | (4,713,314 | ) | (697,303 | ) | ||||
| Less: comprehensive loss attributable to non-controlling interests | (13,294 | ) | (69,007 | ) | ||||
| COMPREHENSIVE LOSS ATTRIBUTABLE TO RUANYUN SHAREHOLDERS | $ | (4,700,020 | ) | $ | (628,296 | ) | ||
| Loss per ordinary share - basic and diluted | $ | (0.14 | ) | $ | (0.02 | ) | ||
| Weighted average number of shares - basic and diluted | 33,586,070 | 30,000,004 | ||||||
