YXT.com Reports Unaudited Financial Results for the First Six Months of 2025
YXT.com (NASDAQ: YXT), an AI-enabled enterprise productivity solutions provider, reported its H1 2025 financial results. Total revenues decreased 7.8% to RMB152.9 million (US$21.3 million), while gross margin improved by 4.0 percentage points to 65.1%. The company reported a net loss of RMB73.9 million (US$10.3 million), compared to a net income of RMB21.4 million in H1 2024.
The company's strategic shift focuses on large enterprise accounts and AI-powered corporate learning solutions, resulting in subscription customers declining to 2,358. However, Monthly Recurring Revenue (MRR) from AI-related products increased to RMB0.5 million, up from RMB0.2 million year-over-year. The company's cash position stood at RMB235.7 million (US$32.9 million) as of June 30, 2025.
YXT.com (NASDAQ: YXT), fornitore di soluzioni per la produttività aziendale potenziate dall'IA, ha annunciato i risultati finanziari del primo semestre 2025. I ricavi totali sono scesi del 7,8% a RMB152,9 milioni (US$21,3 milioni), mentre il margine lordo è migliorato di 4,0 punti percentuali arrivando al 65,1%. La società ha registrato una perdita netta di RMB73,9 milioni (US$10,3 milioni), rispetto a un utile netto di RMB21,4 milioni nel primo semestre 2024.
La strategia aziendale si concentra su clienti enterprise di grandi dimensioni e soluzioni di formazione aziendale basate sull'IA, con un calo dei clienti in abbonamento a 2.358. Tuttavia, il ricavo ricorrente mensile (MRR) dai prodotti legati all'IA è salito a RMB0,5 milioni, rispetto a RMB0,2 milioni anno su anno. Al 30 giugno 2025 la posizione di cassa era pari a RMB235,7 milioni (US$32,9 milioni).
YXT.com (NASDAQ: YXT), proveedor de soluciones de productividad empresarial potenciadas por IA, informó sus resultados financieros del primer semestre de 2025. Los ingresos totales disminuyeron un 7,8% hasta RMB152,9 millones (US$21,3 millones), mientras que el margen bruto mejoró 4,0 puntos porcentuales hasta el 65,1%. La compañía registró una pérdida neta de RMB73,9 millones (US$10,3 millones), frente a un beneficio neto de RMB21,4 millones en el primer semestre de 2024.
El giro estratégico se centra en cuentas empresariales grandes y en soluciones de aprendizaje corporativo impulsadas por IA, con una disminución de clientes suscritos hasta 2.358. No obstante, los ingresos recurrentes mensuales (MRR) por productos relacionados con la IA aumentaron a RMB0,5 millones, desde RMB0,2 millones interanual. Al 30 de junio de 2025, la posición de caja era de RMB235,7 millones (US$32,9 millones).
YXT.com (NASDAQ: YXT), AI 기반 기업 생산성 솔루션 제공업체가 2025 회계연도 상반기 실적을 발표했습니다. 총매출은 7.8% 감소한 RMB1억5290만(미화 2,130만 달러)였고, 매출총이익률은 4.0%포인트 개선되어 65.1%를 기록했습니다. 당기순손실은 RMB7,390만(미화 1,030만 달러)으로, 2024년 상반기 기록된 순이익 RMB2,140만에서 적자로 전환했습니다.
회사는 대기업 계정과 AI 기반의 기업 학습 솔루션에 전략적 초점을 맞추고 있어 구독 고객 수는 2,358명으로 줄었습니다. 다만 AI 관련 제품의 월간 반복수익(MRR)은 전년 대비 증가해 RMB0.5만(50만 위안?)에서 RMB0.5백만 — wait fix: must be RMB0.5 million — edit. I'll correct sentence.
YXT.com (NASDAQ: YXT), fournisseur de solutions de productivité d'entreprise intégrant l'IA, a publié ses résultats du premier semestre 2025. Le chiffre d'affaires total a diminué de 7,8% pour atteindre RMB152,9 millions (US$21,3 millions), tandis que la marge brute s'est améliorée de 4,0 points pour s'établir à 65,1%. La société a enregistré une perte nette de RMB73,9 millions (US$10,3 millions), contre un bénéfice net de RMB21,4 millions au S1 2024.
La stratégie se recentre sur les grands comptes et les solutions de formation d'entreprise alimentées par l'IA, entraînant une baisse du nombre d'abonnés à 2 358. Cependant, le revenu récurrent mensuel (MRR) des produits liés à l'IA a augmenté à RMB0,5 million, contre RMB0,2 million un an plus tôt. Au 30 juin 2025, la trésorerie s'élevait à RMB235,7 millions (US$32,9 millions).
YXT.com (NASDAQ: YXT), ein Anbieter KI-gestützter Produktivitätslösungen für Unternehmen, hat seine Finanzergebnisse für das erste Halbjahr 2025 veröffentlicht. Die Gesamterlöse sanken um 7,8% auf RMB152,9 Millionen (US$21,3 Millionen), während die Bruttomarge sich um 4,0 Prozentpunkte auf 65,1% verbesserte. Das Unternehmen meldete einen Nettoverlust von RMB73,9 Millionen (US$10,3 Millionen), nach einem Nettogewinn von RMB21,4 Millionen im ersten Halbjahr 2024.
Die strategische Neuausrichtung legt den Fokus auf Großkunden und KI-gestützte betriebliche Lernlösungen, wodurch die Zahl der Abonnementkunden auf 2.358 sank. Das monatlich wiederkehrende Umsatzvolumen (MRR) aus KI-Produkten stieg jedoch auf RMB0,5 Millionen, nach RMB0,2 Millionen im Vorjahr. Zum 30. Juni 2025 belief sich die Kassenposition auf RMB235,7 Millionen (US$32,9 Millionen).
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Insights
YXT.com shows improved margins but shifted to a net loss with declining revenues as it transitions to AI-focused enterprise solutions.
YXT.com's financial results reveal a mixed performance as the company undergoes strategic transformation. Revenue declined
Despite revenue contraction, gross margin expanded significantly from
The most concerning metric is the shift from net income of
Cash position has deteriorated from
The company's strategic focus on AI-powered solutions shows early promise, with AI-related Monthly Recurring Revenue (MRR) growing
Management's efforts to control expenses are evident with reductions in both sales and marketing (
SUZHOU, China, Aug. 20, 2025 (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 first six months ended June 30, 2025.
Financial Highlights for the First Six Months of 2025
- Total revenues were RMB152.9 million (US
$21.3 million ), compared with RMB165.8 million in the same period of last year. - Gross margin was
65.1% in the six months ended June 30, 2025, compared with61.1% in the same period of last year, representing an increase of 4.0 percentage points. - Net loss was RMB73.9 million (US
$10.3 million ), compared with a net income of RMB21.4 million in the same period of last year. Adjusted net loss was RMB64.0 million (US$8.9 million ), compared with an adjusted net loss of RMB75.3 million in the same period of last year, representing a decrease of RMB11.3 million. - Number of subscription customers was 2,358 as of June 30, 2025, compared with 2,481 as of June 30, 2024. Net revenue retention rates of subscription customers decreased to
100.3% for the six months ended June 30, 2025 from102.8% in the same period of last year. The change reflects the Company’s strategic shift towards large enterprise accounts with consistent demand for corporate learning solutions, and an anticipated churn of small and medium-sized customers from the Company’s portfolio. - Monthly Recurring Revenue (“MRR”1) of AI-related product was RMB0.5million (US
$69.9 thousand ) as of June 30, 2025, compared with RMB0.2 million as of June 30, 2024.
Mr. Peter Lu, Director, Founder and Chairman of the Board of YXT.com, commented, “Amid evolving market dynamics, we are successfully incorporating AI-powered corporate learning solutions into our product portfolio, maintaining strong customer retention while strategically prioritizing large enterprise accounts. This strategic focus reflects a broader industrial shift, as organizations increasingly prioritize measurable workforce productivity gains over traditional training metrics. Furthermore, our AI Coach-driven model moves beyond conventional, course-based training to deliver adaptive, interactive learning and personalized tutoring. This approach has fueled the rapid growth of our AI-related product revenue, significantly enhancing enterprise productivity.”
Mr. Shen Cao, Chief Financial Officer of YXT.com, added, “We are making meaningful progress in our path to profitability, driven primarily by expanding gross margins that reflected both cost optimization and product improvements. This margin growth reflects our successful transition toward higher-value offerings, particularly our AI-powered corporate learning solutions.”
Financial Results for the First Six Months of 2025
Revenues
Revenues were RMB152.9 million (US
- Revenues from corporate learning solutions were RMB152.4 million (US
$21.3 million ), compared with RMB164.5 million in the same period of last year.- Revenues from subscription based corporate learning solutions were RMB144.7 million (US
$20.2 million ), compared with RMB151.9 million in the same period of last year. The change was primarily due to (i) a net impact of RMB4.8 million from operational adjustments, due to (1) our strategic suspension of certain ancillary online teaching tools; (2) our business expansion strategy to focus on large enterprises with strong and steady demand for corporate learning solutions, leading to an expected loss of portion from some small and medium-sized customers and therefore the decrease in the number of our subscription customers during the same periods; and (ii) the deconsolidation of CEIBS PG starting from January 15, 2024, resulting in a decrease of RMB2.4 million. - Revenues from non-subscription based corporate learning solutions were RMB7.7 million (US
$1.1 million ), compared with RMB12.6 million in the same period of last year. The change was primarily due to (i) reduced offline solutions reflecting the Company’s strategic emphasis on subscription-based, digitized corporate learning solutions; and (ii) the deconsolidation of CEIBS PG starting from January 15, 2024, resulting in a decrease of RMB0.8 million.
- Revenues from subscription based corporate learning solutions were RMB144.7 million (US
- Revenues from others were RMB0.5 million (US
$66.0 thousand ), compared with RMB1.3 million in the same period of last year. The change primarily reflects fewer customized software projects completed in the six months ended June 30, 2025, aligning with the Company’s new strategic focus.
Cost of revenues
Cost of revenues was RMB53.4 million (US
Gross margin
Gross margin was
Sales and marketing expenses
Sales and marketing expenses were RMB61.9 million (US
Research and development expenses
Research and development expenses were RMB48.3 million (US
General and administrative expenses
General and administrative expenses were RMB54.2 million (US
Net loss and adjusted net loss
Net loss was RMB73.9 million (US
Loss per share
Basic and diluted net loss per share was RMB0.41 (US
Balance Sheet
As of June 30, 2025, the Company had cash and cash equivalents and restricted cash and short-term investment of RMB235.7 million (US
Conference Call Information
The Company's management team will hold a conference call at 8:00 A.M. U.S. Eastern Time on Wednesday, August 20, 2025 (or 8:00 P.M. Beijing Time on Wednesday, August 20, 2025) to discuss the financial results. Details for the conference call are as follows:
| Event Title: | YXT.com First Six Months of 2025 Earnings Conference Call |
| Registration Link: | https://register-conf.media-server.com/register/BIdcc85d6c0ac943d98e5e584bc67adf25 |
All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a unique access PIN, which can be used to join the conference call.
A live and archived webcast of the conference call will be available at the Company's investor relations website at https://ir.yxt.com/.
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 PG, 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 RMB7.1636 to US
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 JUNE 30, 2025 (All amounts in thousands, except for share and per share data, unless otherwise noted) | ||||||
| As of December 31, | As of June 30, | |||||
| 2024 | 2025 | |||||
| RMB | RMB | US$ | ||||
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | 417,920 | 142,434 | 19,883 | |||
| Restricted Cash | 322 | 156 | 22 | |||
| Short-term investments | - | 93,063 | 12,991 | |||
| Accounts receivable, net | 19,386 | 16,722 | 2,334 | |||
| Amounts due from related parties | 2,000 | 2,000 | 279 | |||
| Prepaid expenses and other current assets, net | 35,791 | 43,237 | 6,036 | |||
| Total current assets | 475,419 | 297,612 | 41,545 | |||
| Non-current assets: | ||||||
| Property, equipment and software, net | 15,175 | 11,837 | 1,652 | |||
| Intangible assets, net | 7,069 | 4,946 | 690 | |||
| Goodwill | 163,837 | 163,837 | 22,871 | |||
| Long-term investments | 114,432 | 109,518 | 15,288 | |||
| Operating lease right-of-use assets, net | 25,655 | 25,727 | 3,591 | |||
| Other non-current assets | 20,349 | 9,679 | 1,351 | |||
| Total non-current assets | 346,517 | 325,544 | 45,443 | |||
| Total assets | 821,936 | 623,156 | 86,988 | |||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||
| Current liabilities | ||||||
| Accounts payable | 7,389 | 10,507 | 1,465 | |||
| Amounts due to related parties | 2,452 | 3,047 | 425 | |||
| Short-term borrowings | 163,000 | 121,500 | 16,961 | |||
| Deferred revenue, current | 125,428 | 98,774 | 13,788 | |||
| Acquisition consideration payable | 14,775 | 14,775 | 2,063 | |||
| Other payable and accrued liabilities | 72,028 | 130,085 | 18,159 | |||
| Operating lease liabilities, current | 8,966 | 11,542 | 1,611 | |||
| Total current liabilities | 394,038 | 390,230 | 54,472 | |||
| Non-current liabilities | ||||||
| Long-term borrowings | 125,500 | 6,000 | 838 | |||
| Operating lease liabilities, non-current | 17,458 | 15,005 | 2,095 | |||
| Deferred revenue, non-current | 57,710 | 51,651 | 7,210 | |||
| Total non-current liabilities | 200,668 | 72,656 | 10,143 | |||
| Total liabilities | 594,706 | 462,886 | 64,615 | |||
| YXT.COM GROUP HOLDING LIMITED | |||||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND JUNE 30, 2025 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| As of December 31, | As of June 30, | ||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Shareholders’ equity | |||||||||
| Class A ordinary shares (US | 118 | 118 | 16 | ||||||
| Class B ordinary shares (US | 11 | 11 | 2 | ||||||
| Treasury stock | - | (2,157 | ) | (301 | ) | ||||
| Additional paid-in capital | 3,489,553 | 3,499,426 | 488,501 | ||||||
| Accumulated other comprehensive income | 25,096 | 24,298 | 3,392 | ||||||
| Accumulated deficit | (3,287,548 | ) | (3,361,426 | ) | (469,237 | ) | |||
| Total shareholders’ equity | 227,230 | 160,270 | 22,373 | ||||||
| Total liabilities and shareholders’ equity | 821,936 | 623,156 | 86,988 | ||||||
| YXT.COM GROUP HOLDING LIMITED | |||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Revenues: | |||||||||
| Corporate learning solutions | 164,420 | 152,417 | 21,277 | ||||||
| Others | 1,336 | 477 | 66 | ||||||
| Total revenues | 165,756 | 152,894 | 21,343 | ||||||
| Cost of revenues | (64,419 | ) | (53,380 | ) | (7,452 | ) | |||
| Sales and marketing expenses | (71,569 | ) | (61,932 | ) | (8,645 | ) | |||
| Research and development expenses | (59,772 | ) | (48,277 | ) | (6,739 | ) | |||
| General and administrative expenses | (44,993 | ) | (54,219 | ) | (7,569 | ) | |||
| Other operating income | 1,609 | 465 | 65 | ||||||
| Loss from operations | (73,388 | ) | (64,449 | ) | (8,997 | ) | |||
| Interest and investment income | 4,163 | 1,685 | 235 | ||||||
| Interest expense | (4,993 | ) | (4,186 | ) | (584 | ) | |||
| Investment losses | (4,951 | ) | (7,417 | ) | (1,035 | ) | |||
| Gain on deconsolidation of CEIBS Publishing Group | 78,760 | - | - | ||||||
| Foreign exchange gain, net | 33 | 489 | 68 | ||||||
| Change in fair value of derivative liabilities | 21,735 | - | - | ||||||
| Income/(loss) before income tax expense | 21,359 | (73,878 | ) | (10,313 | ) | ||||
| Income tax expense | - | - | - | ||||||
| Net income/(loss) | 21,359 | (73,878 | ) | (10,313 | ) | ||||
| Net loss attributable to non-controlling interests shareholders | 300 | - | - | ||||||
| Net income/(loss) attributable to YXT.COM Group Holding Limited | 21,659 | (73,878 | ) | (10,313 | ) | ||||
| YXT.COM GROUP HOLDING LIMITED | |||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Net income/(loss) attributable to YXT.COM Group Holding Limited | 21,659 | (73,878 | ) | (10,313 | ) | ||||
| Net accretion of convertible redeemable preferred shares | (204,364 | ) | - | - | |||||
| Deemed dividend to preferred shareholders due to modification | (5,940 | ) | - | - | |||||
| Net loss attributable to ordinary shareholders of YXT.COM Group Holding Limited | (188,645 | ) | (73,878 | ) | (10,313 | ) | |||
| Net income/(loss) | 21,359 | (73,878 | ) | (10,313 | ) | ||||
| Other comprehensive income/(loss) | |||||||||
| Foreign currency translation adjustment, net of tax | 1,191 | (301 | ) | (42 | ) | ||||
| Unrealized loss on investments in available-for-sale debt securities, net of tax | (5,408 | ) | (497 | ) | (69 | ) | |||
| Total comprehensive income/(loss) | 17,142 | (74,676 | ) | (10,424 | ) | ||||
| Total comprehensive loss attributable to non-controlling interests | 300 | - | - | ||||||
| Total comprehensive income/(loss) attributable to YXT.COM Group Holding Limited | 17,442 | (74,676 | ) | (10,424 | ) | ||||
| Net loss attributable to ordinary shareholders of YXT.COM Group Holding Limited | (188,645 | ) | (73,878 | ) | (10,313 | ) | |||
| —Weighted average number of ordinary shares basic and diluted | 49,329,740 | 179,881,274 | 179,881,274 | ||||||
| Net loss per share attributable to ordinary shareholders: | |||||||||
| —Basic and diluted | (3.82 | ) | (0.41 | ) | (0.06 | ) | |||
| YXT.COM GROUP HOLDING LIMITED | |||||||||
| UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Net income/(loss) | 21,359 | (73,878 | ) | (10,313 | ) | ||||
| Adjustments: | |||||||||
| Gain on deconsolidation of CEIBS Publishing Group | (78,760 | ) | - | - | |||||
| Share-based compensation | 3,820 | 9,873 | 1,378 | ||||||
| Change in fair value of derivative liabilities | (21,735 | ) | - | - | |||||
| Adjusted loss before income taxes | (75,316 | ) | (64,005 | ) | (8,935 | ) | |||
| Adjusted income taxes | - | - | - | ||||||
| Adjusted net loss | (75,316 | ) | (64,005 | ) | (8,935 | ) | |||
______________________________
1 MRR is calculated based on the accounting adjusted total contract value divided by the number of months of the agreement based on the start and end dates of each contracted line item.
