YXT.com Reports Full Year 2025 Unaudited Financial Results

Rhea-AI Summary

YXT.com (NASDAQ: YXT) reported unaudited results for the year ended Dec 31, 2025. Total revenue was RMB340.2M (US$48.7M), up 2.7% YoY. Gross margin rose to 68.3% from 61.8%. Net loss widened to RMB158.9M (US$22.7M); adjusted net loss improved to RMB146.6M (US$21.0M), down 26.4%.

The company noted an AI-first pivot: AI-related MRR grew to RMB1.1M and NRR held at 101.4%. Cash and short-term investments totaled RMB134.7M versus RMB418.2M a year earlier.

Positive

• Adjusted net loss down 26.4% to RMB146.6M
• Gross margin improved by 6.5 percentage points to 68.3%
• AI-related MRR increased to RMB1.1M (from RMB0.3M)

Negative

• Net loss widened to RMB158.9M from RMB92.1M
• Cash, restricted cash and short-term investments fell to RMB134.7M from RMB418.2M
• Basic and diluted EPS swung to a RMB0.87 loss per share

Key Figures

Total revenue: RMB340.2 million (US$48.7 million) Gross margin: 68.3% Net loss: RMB158.9 million (US$22.7 million) +5 more

8 metrics

Total revenue RMB340.2 million (US$48.7 million) Full year 2025, up 2.7% YoY

Gross margin 68.3% Full year 2025, up from 61.8%

Net loss RMB158.9 million (US$22.7 million) Full year 2025, wider than RMB92.1 million prior year

Adjusted net loss RMB146.6 million (US$21.0 million) Full year 2025, down 26.4% from RMB199.3 million

Net revenue retention 101.4% Subscription customers, full year 2025 vs 100.9% prior year

AI-related MRR RMB1.1 million (US$0.2 million) As of Dec 31, 2025, vs RMB0.3 million a year ago

Subscription customers 2,301 As of Dec 31, 2025, down from 2,405

Cash & equivalents RMB134.7 million (US$19.3 million) As of Dec 31, 2025, down from RMB418.2 million

Market Reality Check

Price: $0.3501 Vol: Volume 24,090 is at 0.26x...

low vol

$0.3501 Last Close

Volume Volume 24,090 is at 0.26x the 20-day average of 93,438, indicating relatively muted trading interest into these results. low

Technical Shares at $0.42 are trading below the 200-day MA of $0.82 and sit at the 52-week low, 63.79% under the 52-week high.

Peers on Argus

YXT dropped 12.5% while momentum peers like HKIT (+112.0%), UPLD and NVNI moved ...

3 Up

YXT dropped 12.5% while momentum peers like HKIT (+112.0%), UPLD and NVNI moved up. Sector peers in the watchlist mostly show smaller declines or flat moves, pointing to a stock-specific reaction to YXT’s earnings.

Previous Earnings Reports

3 past events · Latest: Aug 20 (Negative)

Same Type Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Aug 20	H1 2025 earnings	Negative	-7.0%	H1 2025 revenue decline, margin gains but swing from profit to net loss.
Mar 27	FY 2024 earnings	Positive	-2.8%	FY 2024 margin improvement, smaller net loss and US$10M buyback plan.
Nov 26	9M 2024 earnings	Positive	+7.1%	Nine‑month 2024 results with revenue drop but sharply narrower net loss.

Pattern Detected

Earnings releases have typically produced modest single-digit moves, with mixed reactions despite recurring themes of margin improvement and AI-driven strategy shifts.

Recent Company History

Across recent earnings events, YXT has emphasized AI-enabled productivity, shifting toward large enterprise customers and subscription-based learning solutions. In Nov 2024, nine‑month 2024 results showed revenue pressure but sharply improved net loss. The Mar 2025 full‑year 2024 report highlighted higher gross margin and a US$10M buyback, yet shares fell. H1 2025 results in Aug 2025 combined revenue decline with margin gains and a swing to net loss, again drawing a negative price reaction. Today’s full‑year 2025 results continue that mix of stronger margins and ongoing losses.

Historical Comparison

-0.9% avg move · Over the last three earnings releases, YXT’s average 1‑day move was -0.87%. Today’s -12.5% reaction ...

earnings

-0.9%

Average Historical Move earnings

Over the last three earnings releases, YXT’s average 1‑day move was -0.87%. Today’s -12.5% reaction to FY 2025 results is a much larger downside move than prior earnings responses.

Earnings updates from 9M 2024 through H1 2025 and FY 2024 show a consistent pattern: revenue under pressure, improving gross margins, and a strategic pivot to large enterprise and AI solutions, now culminating in FY 2025 with higher margins but persistent net losses.

Regulatory & Risk Context

Active S-3 Shelf · US$100,000,000

Shelf Active

Active S-3 Shelf Registration 2025-12-17

US$100,000,000 registered capacity

An effective Form F-3 shelf filed on Dec 17, 2025 would allow YXT to issue up to US$100,000,000 of various securities over time once declared effective. The registration has not yet been used, but it provides capacity for future equity or other security offerings that could affect existing holders depending on structure and timing.

Market Pulse Summary

This announcement highlights modest revenue growth to RMB340.2 million, a stronger 68.3% gross margi...

Analysis

This announcement highlights modest revenue growth to RMB340.2 million, a stronger 68.3% gross margin, and rapid AI MRR expansion alongside a wider GAAP net loss and sharply lower cash of RMB134.7 million. Historically, earnings updates have produced only small average moves of -0.87%. Investors may focus on adjusted net loss improvement, subscription NRR at 101.4%, cash trends, and any future use of the US$100,000,000 F‑3 shelf when assessing risk and execution.

Key Terms

monthly recurring revenue, non-gaap, u.s. gaap, share-based compensation, +1 more

5 terms

monthly recurring revenue financial

"Monthly Recurring Revenue (“MRR”2) of AI-related product was RMB1.1 million"

Monthly recurring revenue is the consistent income a business expects to receive each month from ongoing customer subscriptions or contracts. It’s like a steady paycheck that helps investors gauge the company's stability and growth potential, since predictable revenue makes it easier to plan and evaluate performance over time.

non-gaap financial

"Non-GAAP Financial Measures In evaluating our business, we consider and use adjusted net loss"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

u.s. gaap financial

"not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP"

U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.

share-based compensation financial

"Adjusted net loss is net loss excluding gain on deconsolidation of CEIBS Publishing Group, share-based compensation, change in fair value"

Share-based compensation is when a company pays employees, executives or directors with its own stock or rights to buy stock instead of, or in addition to, cash. Think of it like receiving store gift cards instead of extra paycheck — it can motivate staff to boost the company’s value, but it also increases the number of shares outstanding and can shrink each existing owner’s slice of profits and voting power. Investors watch it because it affects reported earnings, share count and the alignment between management and shareholders.

derivative liabilities financial

"excluding ... change in fair value of derivative liabilities, net of income taxes, to the extent applicable."

Derivative liabilities are obligations a company records when it owes money under financial contracts whose value depends on something else, like interest rates, stock prices, or currencies. Think of them as bets or insurance policies that can create future cash payments; they matter to investors because they can cause sudden changes in a company’s reported debt, profits and cash flow and reveal exposure to market risks that could affect valuation.

AI-generated analysis. Not financial advice.

SUZHOU, China, March 31, 2026 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a provider of AI-enabled enterprise productivity solutions, today announced its unaudited financial results for the full year ended December 31, 2025.

Financial Highlights for the Full Year of 2025

• Total revenues were RMB340.2 million (US$48.7 million) for the full year of 2025, compared with RMB331.2 million in the prior year, representing an increase of 2.7%.
• Gross margin was 68.3% for the full year of 2025, compared with 61.8% in the prior year, representing an increase of 6.5 percentage points.
• Net loss was RMB158.9 million (US$22.7 million), compared with RMB92.1 million in the prior year. Adjusted net loss was RMB146.6 million (US$21.0 million), compared with RMB199.3 million in the prior year, representing a decrease of RMB52.7 million.
• Number of subscription customers was 2,301 as of December 31, 2025, compared with 2,405 as of December 31, 2024. Net revenue retention rates (“NRR”¹) of subscription customers remained stable at 101.4%, compared with 100.9% in the prior year. The change reflects the Company’s strategic shift towards large enterprise accounts with consistent demand for corporate learning solutions and the launch of AI-products, leading to the increase of revenue and anticipated churn of small and medium-sized customers from the Company’s portfolio.
• Monthly Recurring Revenue (“MRR”²) of AI-related product was RMB1.1 million (US$0.2 million) as of December 31, 2025, compared with RMB0.3 million as of December 31, 2024.

Mr. Peter Lu, Director, Founder and Chairman of the Board of YXT.com, commented, “2025 was a defining year for us as we accelerated our ‘AI-first’ transformation. By strategically pivoting to the large enterprise market and refining our customer portfolio, we have validated the immense value our solutions bring to industry leaders through steady core business growth. The exponential leap in our AI-related MRR signals our successful evolution from a traditional digital learning platform into an AI-driven corporate productivity engine. Looking ahead, we will continue to unleash the potential of AI to define a transformative paradigm of organizational efficiency for leading global enterprises.”

Mr. Shen Cao, Chief Financial Officer of YXT.com, added, “Our strategic shift toward a higher-quality revenue mix has stabilized NRR at 101.4%. Meanwhile, AI-powered efficiencies propelled our gross margin to 68.3% while allowing us to cut costs even as revenue grew. This synergy of 'higher revenue quality and lower cost structures' is a clear testament to our enhanced operating leverage. With the increased efficiencies, refined revenue mix and ongoing expense optimization efforts, we expect the adjusted net loss will still decrease significantly in 2026.”

Financial Results for the Full Year of 2025

Revenues

Revenues were RMB340.2 million (US$48.7 million), compared with RMB331.2 million in the prior year, representing an increase of 2.7%.

• Revenues from corporate learning solutions were RMB337.7 million (US$48.3 million), compared with RMB325.6 million in the prior year.
  • Revenues from subscription based corporate learning solutions were RMB317.4 million (US$45.4 million), compared with RMB301.8 million in the prior year. The change was primarily due to our business expansion strategy to focus on large enterprises with strong and steady demand for corporate learning solutions and the launch of AI-related products, leading to the increase of revenues.
  • Revenues from non-subscription based corporate learning solutions were RMB20.3 million (US$2.9 million), compared with RMB23.8 million in the prior year. The change was primarily due to reduced offline solutions reflecting the Company’s strategic emphasis on subscription-based, digitized corporate learning solutions.
• Revenues from others were RMB2.5 million (US$0.4 million), compared with RMB5.6 million in the prior year. The change primarily reflects fewer customized software projects completed in 2025, aligning with the Company’s new strategic focus.

Cost of revenues

Cost of revenues was RMB107.7 million (US$15.4 million), compared with RMB126.5 million in the prior year, representing a decrease of 14.9%. This was mainly due to (i) raise in productivity in the Company’s operation leveraging AI tools; (ii) decreased staff expenses and third-party infrastructure costs through operational optimization; and (iii) lower instructor compensation costs due to the reduction of offline solutions, aligning with our strategic emphasis on subscription-based, digitized and AI-powered corporate learning solutions.

Gross margin

Gross margin was 68.3%, compared with 61.8% in the prior year, representing an increase of 6.5 percentage points. This was mainly driven by the Company's continual focus on large enterprise subscription customers, higher-marginal-contribution solutions and ongoing cost optimization efforts.

Sales and marketing expenses

Sales and marketing expenses were RMB144.9 million (US$20.7 million), compared with RMB144.2 million in the prior year, representing an increase of 0.5%. This was mainly due to (i) the increase of marketing expenses for the promotion activities, especially for the AI-related products; and partially offset by (ii) decreases in compensation paid to sales and marketing staff due to the Company’s efforts in better relocating its human resources, which was also resulted from the raise in productivity in acquiring, converting and retaining customers and realizing revenues aided by AI tools and the Company’s branding campaign.

Research and development expenses

Research and development expenses were RMB111.4 million (US$15.9 million), compared with RMB116.1 million in the prior year, representing a decrease of 4.0%. This was mainly due to (i) increased R&D return on investment due to the Company’s new discipline and approach to product-market-fit; and (ii) decreases in compensation paid to research and development staff due to the Company’s efforts in better relocating its human resources.

General and administrative expenses

General and administrative expenses were RMB122.0 million (US$17.4 million), compared with RMB138.4 million in the prior year, representing a decrease of 11.9%. This was mainly due to (i) the decrease in compensation paid to general and administrative staff due to the Company’s efforts in better relocating its human resources; and (ii) the decrease of general office and administrative expenses for the ongoing expense optimization efforts.

Net loss and adjusted net loss

Net loss was RMB158.9 million (US$22.7 million), compared with RMB92.1 million in the prior year. Adjusted net loss was RMB146.6 million (US$21.0 million), compared with RMB199.3 million in the prior year, representing a decrease of 26.4%.

Income/(loss) per share

Basic and diluted net loss per share was RMB0.87 (US$0.12), compared with basic net income per share of RMB2.90 and diluted net loss per share of RMB0.55 in the prior year. The change in basic and diluted net income/(loss) per share was primarily attributable to the impact of deemed contribution to ordinary shareholders due to modifications and extinguishment on convertible redeemable preferred shares in prior year.

Balance Sheet

As of December 31, 2025, the Company had cash and cash equivalents and restricted cash and short-term investment of RMB134.7 million (US$19.3 million), compared with RMB418.2 million as of December 31, 2024.

Non-GAAP Financial Measures

In evaluating our business, we consider and use adjusted net loss as a supplemental non-GAAP measure to review and assess our operating performance. Adjusted net loss is net loss excluding gain on deconsolidation of CEIBS Publishing Group, share-based compensation, change in fair value of derivative liabilities, net of income taxes, to the extent applicable. The presentation of the non-GAAP financial measure 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. We present the non-GAAP financial measure because it is used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of the non-GAAP measure facilitates investors’ assessment of our operating performance.

The non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using the non-GAAP financial measure is that it does not reflect all items of income and expense that affect our operations. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. We compensate for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

Exchange Rate Information

This announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Renminbi to U.S. dollars were made at the rate of RMB6.9931 to US$1.00, the exchange rate on December 31, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred to could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Safe Harbor Statements 

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to”, or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

About YXT.com

YXT.com (NASDAQ: YXT) is a technology company focusing on enterprise productivity solutions. With a mission to "Empower people and organization development through technology," the Company strives to become the supreme provider in building and boosting enterprise productivity by combining over a decade of experience in tech-enabled talent learning and development and with AI-augmented task copilots and unleashing the power of knowledge and synergy. Since its inception, YXT.com has supported and received recognition from numerous Global and China Fortune 500 companies.

Contact
Investor Relations
YXT.com
E-mail: IR@radnova.com

Serena Huang
Octans Capital Group
E-mail: yxt.ir@octanscap.com
Tel: +86-10-6580-0653

YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND DECEMBER 31, 2025  (All amounts in thousands, except for share and per share data, unless otherwise noted)
		As of December 31,		As of December 31,
		2024		2025
		RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		417,920		114,998		16,444
Restricted Cash		322		-		-
Short-term investments		-		19,728		2,821
Accounts receivable, net		19,386		18,988		2,715
Amounts due from related parties		2,000		3,510		502
Prepaid expenses and other current assets		35,791		21,750		3,110
Total current assets		475,419		178,974		25,592
Non-current assets:
Property, equipment and software, net		15,175		10,352		1,480
Intangible assets, net		7,069		3,383		484
Goodwill		163,837		163,837		23,428
Long-term investments		114,432		104,326		14,918
Operating lease right-of-use assets, net		25,655		21,550		3,082
Other non-current assets		20,349		24,627		3,522
Total non-current assets		346,517		328,075		46,914
Total assets		821,936		507,049		72,506
LIABILITIES AND EQUITY
Current liabilities
Accounts payable		7,389		9,976		1,427
Amounts due to a related party		2,452		1,975		282
Short-term borrowings		163,000		139,500		19,948
Deferred revenue, current		125,428		96,760		13,836
Acquisition consideration payable		14,775		14,775		2,113
Other payable and accrued liabilities		72,028		88,961		12,721
Operating lease liabilities, current		8,966		9,945		1,422
Total current liabilities		394,038		361,892		51,749
Non-current liabilities
Long-term borrowings		125,500		8,000		1,144
Operating lease liabilities, non-current		17,458		12,987		1,857
Deferred revenue, non-current		57,710		49,530		7,083
Total non-current liabilities		200,668		70,517		10,084
Total liabilities		594,706		432,409		61,833

YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND DECEMBER 31, 2025  (All amounts in thousands, except for share and per share data, unless otherwise noted)
		As of December 31,			As of December 31,
		2024			2025
		RMB			RMB			US$
Equity
Class A ordinary shares (US$0.0001 par value; 483,068,176 Class A shares authorized, 163,294,773 and 171,596,634 shares issued as of December 31, 2024 and 2025, respectively; 163,294,773 and 161,525,163 shares issued and outstanding as of December 31, 2024 and 2025, respectively)		118			118			17
Class B ordinary shares (US$0.0001 par value; 16,931,824 and 16,931,824 shares authorized, issued and outstanding as of December 31, 2024 and 2025, respectively)		11			11			2
Treasury stock (nil and 1,769,610 shares as of December 31, 2024 and 2025, respectively)		-			(3,494	)		(500	)
Additional paid-in capital		3,489,553			3,501,859			500,759
Accumulated other comprehensive income		25,096			22,626			3,235
Accumulated deficit		(3,287,548	)		(3,446,480	)		(492,840	)
Total equity		227,230			74,640			10,673
Total liabilities and equity		821,936			507,049			72,506

YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2025  (All amounts in thousands, except for share and per share data, unless otherwise noted)
		Year ended December 31,
		2024			2025
		RMB			RMB			US$
Revenues:
Corporate learning solutions		325,579			337,699			48,290
Others		5,611			2,522			361
Total revenues		331,190			340,221			48,651
Cost of revenues		(126,522	)		(107,697	)		(15,400	)
Sales and marketing expenses		(144,217	)		(144,886	)		(20,718	)
Research and development expenses		(116,105	)		(111,410	)		(15,931	)
General and administrative expenses		(138,392	)		(121,953	)		(17,439	)
Other operating income		6,974			4,689			671
Loss from operations		(187,072	)		(141,036	)		(20,166	)
Interest and investment income		6,494			3,555			508
Interest expense		(10,699	)		(6,571	)		(940	)
Impairment of available-for-sale debt securities		(14,464	)		(14,779	)		(2,113	)
Gain on deconsolidation of CEIBS Publishing Group		78,760			-			-
Foreign exchange gain, net		550			447			64
Change in fair value of derivative liabilities		34,378			-			-
Loss before income tax expense and share of results of an equity method investee		(92,053	)		(158,384	)		(22,647	)
Income tax expense		-			-			-
Share of results of an equity method investee, net of tax		-			(548	)		(78	)
Net loss		(92,053	)		(158,932	)		(22,725	)
Net loss attributable to non-controlling interests shareholders		300			-			-
Net loss attributable to YXT.COM Group Holding Limited		(91,753	)		(158,932	)		(22,725	)

YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2025 (All amounts in thousands, except for share and per share data, unless otherwise noted)
		Year ended December 31,
		2024			2025
		RMB			RMB			US$
Net loss attributable to YXT.COM Group Holding Limited		(91,753	)		(158,932	)		(22,725	)
Deemed contribution to ordinary shareholders due to modifications and extinguishment on convertible redeemable preferred shares		672,170			-			-
Deemed dividend to preferred shareholders due to modifications		(5,940	)		-			-
Net accretion of convertible redeemable preferred shares		(290,543	)		-			-
Net income/(loss) attributable to ordinary shareholders of YXT.COM Group Holding Limited		283,934			(158,932	)		(22,725	)
Net loss		(92,053	)		(158,932	)		(22,725	)
Other comprehensive income/(loss)
Foreign currency translation adjustment, net of tax		3,742			(4,691	)		(671	)
Unrealized (loss)/gain on investments in available-for-sale debt securities, net of tax		(2,421	)		2,221			318
Total comprehensive loss		(90,732	)		(161,402	)		(23,078	)
Total comprehensive loss attributable to non-controlling interests		300			-			-
Total comprehensive loss attributable to YXT.COM Group Holding Limited		(90,432	)		(161,402	)		(23,078	)
Net income/(loss) attributable to ordinary shareholders of YXT.COM Group Holding Limited		283,934			(158,932	)		(22,725	)
—Weighted average number of ordinary shares - basic		97,788,561			181,828,823			181,828,823
—Weighted average number of ordinary shares - diluted		168,152,425			181,828,823			181,828,823
Net income/(loss) per share attributable to ordinary shareholders:
—Basic		2.90			(0.87	)		(0.12	)
—Diluted		(0.55	)		(0.87	)		(0.12	)

YXT.COM GROUP HOLDING LIMITED UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2025  (All amounts in thousands, except for share and per share data, unless otherwise noted)
		Year ended December 31,
		2024			2025
		RMB			RMB			US$
Net loss		(92,053	)		(158,932	)		(22,725	)
Adjustments:
Gain on deconsolidation of CEIBS Publishing Group		(78,760	)		-			-
Share-based compensation		5,879			12,306			1,760
Change in fair value of derivative liabilities		(34,378	)		-			-
Adjusted loss before income taxes		(199,312	)		(146,626	)		(20,965	)
Adjusted income taxes		-			-			-
Adjusted net loss		(199,312	)		(146,626	)		(20,965	)

^{_________________________
1} NRR is calculated by specifying a measurement period consisting of the trailing twenty-four months from the given period end, and using (i) the total subscription revenue for the first twelve months of the measurement period from the group of customers as of the end of the first twelve months as the denominator, and (ii) the total subscription revenue for the second twelve months of the measurement period from the same group of customers as the numerator.
² MRR is calculated based on the total contract value divided by the total number of months of the agreement based on the start and end dates of each contracted line item.

FAQ

What were YXT.com (YXT) full-year 2025 revenues and net loss?

YXT.com reported RMB340.2M in 2025 revenue and a RMB158.9M net loss. According to the company, revenue rose 2.7% year-over-year while net loss increased versus the prior year.

How did YXT.com's gross margin and adjusted net loss change in 2025?

Gross margin rose to 68.3%, and adjusted net loss narrowed to RMB146.6M. According to the company, margin gains came from AI efficiencies and cost optimization.

What is YXT.com's AI-related monthly recurring revenue (MRR) as of Dec 31, 2025?

AI-related MRR reached RMB1.1M as of Dec 31, 2025, up from RMB0.3M. According to the company, this reflects its strategic pivot to AI-first products for enterprise customers.

How much cash did YXT.com report at year-end 2025 and how does that compare to 2024?

YXT.com reported combined cash, restricted cash and short-term investments of RMB134.7M at year-end 2025 versus RMB418.2M a year earlier. According to the company, the balance declined materially year-over-year.

What does YXT.com's net revenue retention (NRR) indicate for 2025?

NRR remained stable at 101.4% for 2025, reflecting slight expansion from existing customers. According to the company, stability stems from a shift toward large enterprise subscription customers.