YXT.com Reports Unaudited Financial Results for the First Six Months of 2026
Rhea-AI Summary
YXT.com (NASDAQ: YXT) reported unaudited results for the six months ended June 30, 2026. Total revenues rose 6.0% year over year to RMB162.1 million, driven mainly by subscription-based corporate learning solutions, while gross margin expanded to 70.1% from 65.1%.
Net loss narrowed sharply to RMB14.4 million from RMB73.9 million, and adjusted net loss fell to RMB12.2 million. General and administrative expenses declined 78.0% to RMB11.9 million, aided by lower professional fees and share-based compensation, while R&D expenses increased 9.8%.
AI-related metrics improved, with monthly recurring revenue from AI products reaching RMB4.4 million versus RMB0.5 million a year earlier, subscription customers increasing to 2,391, and net revenue retention at 102.6%. Cash and cash equivalents plus short-term investments totaled RMB31.4 million as of June 30, 2026.
Positive
- Total revenues RMB162.1 million, up 6.0% year over year
- Gross margin improved to 70.1% from 65.1%
- Net loss reduced to RMB14.4 million from RMB73.9 million
- Adjusted net loss cut to RMB12.2 million from RMB64.0 million
- AI product MRR reached RMB4.4 million vs. RMB0.5 million
- General and administrative expenses decreased 78.0% to RMB11.9 million
Negative
- Company remains loss-making with net loss of RMB14.4 million
- Cash and short-term investments declined to RMB31.4 million from RMB134.7 million
- Short-term borrowings remained high at RMB101.0 million
- Research and development expenses increased 9.8% to RMB53.0 million
- Current deferred revenue decreased to RMB80.5 million from RMB96.8 million
News Explained
At June 30, YXT.com still had a net loss and negative operating cash flow, with cash and short-term investments of RMB31.4 million.
YXT.com reported unaudited results for the six months ended
The balance sheet lists current liabilities of
Market reaction after 1H26 earnings report: YXT +23.40% in the Aug 13 session
In the Aug 13 session, YXT gained 23.40%, reflecting a significant positive market reaction. Argus tracked a peak move of +37.8% during that session. Argus tracked a trough of -18.1% from its starting point during tracking. Our momentum scanner triggered 65 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 5382.4x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 31 | Full-year earnings | Negative | -16.6% | Net loss widened despite revenue growth, margin expansion, and improved adjusted loss. |
| Aug 20 | Six-month earnings | Negative | -7.0% | Revenue declined and net loss increased despite higher gross margin. |
| Mar 27 | Full-year earnings | Positive | -2.8% | Revenue increased, gross margin improved, and net loss decreased. |
| Nov 26 | Nine-month earnings | Negative | +7.1% | Revenue declined while net loss narrowed and gross margin improved. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
YXT's earnings announcements produced negative reactions in three of four tag-specific events, including periods with improving margins or narrowing adjusted losses.
Key Terms
net revenue retention financial
monthly recurring revenue financial
adjusted net loss financial
non-gaap financial measure financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SUZHOU, China, Aug. 13, 2026 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a provider of AI-native enterprise productivity solutions, today announced its unaudited financial results for the first six months ended June 30, 2026, highlighting AI-native milestone and improved operating leverage.
Financial Highlights for the First Six Months of 2026
- Total revenues were RMB162.1 million (US
$23.9 million ), compared with RMB152.9 million in the same period of last year, representing an increase of6.0% . - Gross margin was
70.1% in the six months ended June 30, 2026, compared with65.1% in the same period of last year, representing an increase of 5.0 percentage points. - Net loss was RMB14.4 million (US
$2.1 million ), compared with RMB73.9 million in the same period of last year, representing a decrease of RMB59.5 million, or80.5% . Adjusted net loss was RMB12.2 million (US$1.8 million ), compared with RMB64.0 million in the same period of last year, representing a decrease of RMB51.8 million, or80.9% . - Number of subscription customers was 2,391 as of June 30, 2026, compared with 2,358 as of June 30, 2025. Net revenue retention rates (“NRR”1) of subscription customers was
102.6% , compared with100.3% 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 the launch of AI-products, leading to the increase of subscription customers and NRR. - Monthly Recurring Revenue (“MRR”2) of AI-related product was RMB4.4 million (US
$0.7 million ) as of June 30, 2026, compared with RMB0.5 million as of June 30, 2025.
Mr. Peter Lu, Director, Founder and Chairman of the Board of YXT.com, commented, “The first half of 2026 marked an important milestone in YXT.com’s evolution into an AI-native enterprise. Our AI transformation has renewed growth momentum in our core corporate learning business, with newly signed customers increasing by nearly
Shen Cao, Chief Financial Officer of YXT.com, said, “In the first half of 2026, the impact of our AI transformation became increasingly visible, driving growth in revenue, gross margin, and customer base while significantly reducing net losses. AI-driven operational efficiencies also helped optimize our organizational structure and workflows, leading to meaningful reductions in staff costs. These improvements in revenue growth and cost efficiency have strengthened our financial foundation and brought us closer to achieving key financial milestones.”
Financial Results for the First Six Months of 2026
Revenues
Revenues were RMB162.1 million (US
- Revenues from corporate learning solutions were RMB158.2 million (US
$23.3 million ), compared with RMB152.4 million in the same period of last year.- Revenues from subscription based corporate learning solutions were RMB151.8 million (US
$22.4 million ), compared with RMB144.7 million in the same period of last 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 RMB6.4 million (US
$0.9 million ), compared with RMB7.7 million in the same period of last 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 subscription based corporate learning solutions were RMB151.8 million (US
- Revenues from others were RMB3.9 million (US
$0.6 million ), compared with RMB0.5 million in the same period of last year. A few customized software projects completed in the six months ended June 30, 2026.
Cost of revenues
Cost of revenues was RMB48.5 million (US
Gross margin
Gross margin was
Sales and marketing expenses
Sales and marketing expenses were RMB60.1 million (US
Research and development expenses
Research and development expenses were RMB53.0 million (US
General and administrative expenses
General and administrative expenses were RMB11.9 million (US
Net loss and adjusted net loss
Net loss was RMB14.4 million (US
Loss per share
Basic and diluted net loss per share was RMB0.08 (US
Balance Sheet
As of June 30, 2026, the Company had cash and cash equivalents and short-term investment of RMB31.4 million (US
Conference Call Information
The Company's management team will hold a conference call at 7:30 A.M. U.S. Eastern Time on Thursday, August 13, 2026 (or 7:30 P.M. Beijing Time on Thursday, August 13, 2026) to discuss the financial results. Details for the conference call are as follows:
| Event Title: | YXT.com First Six Months of 2026 Earnings Conference Call |
| Registration Link: | https://register-conf.media-server.com/register/BIa675e2435f6e4af483eac1c5ff55d952 |
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 share-based compensation, 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 RMB6.7851 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, 2025 AND JUNE 30, 2026 (All amounts in thousands, except for share and per share data, unless otherwise noted) | ||||||
| As of December 31, | As of June 30, | |||||
| 2025 | 2026 | |||||
| RMB | RMB | US$ | ||||
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | 114,998 | 31,425 | 4,631 | |||
| Short-term investments | 19,728 | - | - | |||
| Accounts receivable, net | 18,988 | 19,184 | 2,827 | |||
| Amounts due from related parties | 3,510 | - | - | |||
| Prepaid expenses and other current assets | 21,750 | 38,640 | 5,695 | |||
| Total current assets | 178,974 | 89,249 | 13,153 | |||
| Non-current assets: | ||||||
| Property, equipment and software, net | 10,352 | 8,212 | 1,210 | |||
| Intangible assets, net | 3,383 | 2,377 | 350 | |||
| Goodwill | 163,837 | 163,837 | 24,147 | |||
| Long-term investments | 104,326 | 100,785 | 14,854 | |||
| Operating lease right-of-use assets, net | 21,550 | 17,664 | 2,603 | |||
| Other non-current assets | 24,627 | 19,794 | 2,917 | |||
| Total non-current assets | 328,075 | 312,669 | 46,081 | |||
| Total assets | 507,049 | 401,918 | 59,234 | |||
| LIABILITIES AND EQUITY | ||||||
| Current liabilities | ||||||
| Accounts payable | 9,976 | 14,959 | 2,202 | |||
| Amounts due to a related party | 1,975 | 5,479 | 808 | |||
| Short-term borrowings | 139,500 | 101,000 | 14,886 | |||
| Deferred revenue, current | 96,760 | 80,469 | 11,860 | |||
| Acquisition consideration payable | 14,775 | 14,775 | 2,178 | |||
| Other payable and accrued liabilities | 88,961 | 48,265 | 7,113 | |||
| Operating lease liabilities, current | 9,945 | 6,808 | 1,003 | |||
| Total current liabilities | 361,892 | 271,755 | 40,050 | |||
| Non-current liabilities | ||||||
| Long-term borrowings | 8,000 | 6,000 | 884 | |||
| Operating lease liabilities, non-current | 12,987 | 12,470 | 1,838 | |||
| Deferred revenue, non-current | 49,530 | 49,386 | 7,279 | |||
| Total non-current liabilities | 70,517 | 67,856 | 10,001 | |||
| Total liabilities | 432,409 | 339,611 | 50,051 | |||
| YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2025 AND JUNE 30, 2026 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| As of December 31, | As of June 30, | ||||||||
| 2025 | 2026 | ||||||||
| RMB | RMB | US$ | |||||||
| Equity | |||||||||
| Class A ordinary shares (US | 118 | 118 | 17 | ||||||
| Class B ordinary shares (US | 11 | 11 | 2 | ||||||
| Treasury stock (1,769,610 shares as of December 31, 2025 and June 30, 2026) | (3,494 | ) | (3,494 | ) | (515 | ) | |||
| Additional paid-in capital | 3,501,859 | 3,504,049 | 516,433 | ||||||
| Accumulated other comprehensive income | 22,626 | 22,524 | 3,320 | ||||||
| Accumulated deficit | (3,446,480 | ) | (3,460,901 | ) | (510,074 | ) | |||
| Total equity | 74,640 | 62,307 | 9,183 | ||||||
| Total liabilities and equity | 507,049 | 401,918 | 59,234 | ||||||
| YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2025 | 2026 | ||||||||
| RMB | RMB | US$ | |||||||
| Revenues: | |||||||||
| Corporate learning solutions | 152,417 | 158,155 | 23,309 | ||||||
| Others | 477 | 3,974 | 586 | ||||||
| Total revenues | 152,894 | 162,129 | 23,895 | ||||||
| Cost of revenues | (53,380 | ) | (48,513 | ) | (7,150 | ) | |||
| Sales and marketing expenses | (61,932 | ) | (60,096 | ) | (8,857 | ) | |||
| Research and development expenses | (48,277 | ) | (53,009 | ) | (7,813 | ) | |||
| General and administrative expenses | (54,219 | ) | (11,928 | ) | (1,758 | ) | |||
| Other operating income | 465 | 3,461 | 510 | ||||||
| Loss from operations | (64,449 | ) | (7,956 | ) | (1,173 | ) | |||
| Interest and investment income | 1,685 | 1,495 | 220 | ||||||
| Interest expense | (4,186 | ) | (2,718 | ) | (401 | ) | |||
| Impairment of available-for-sale debt securities | (7,417 | ) | (4,731 | ) | (697 | ) | |||
| Foreign exchange gain/(loss), net | 489 | (381 | ) | (56 | ) | ||||
| Loss before income tax expense and share of results of an equity method investee | (73,878 | ) | (14,291 | ) | (2,107 | ) | |||
| Income tax expense | - | - | - | ||||||
| Share of results of an equity method investee, net of tax | - | (130 | ) | (19 | ) | ||||
| Net loss | (73,878 | ) | (14,421 | ) | (2,126 | ) | |||
| Net loss attributable to YXT.COM Group Holding Limited | (73,878 | ) | (14,421 | ) | (2,126 | ) | |||
| YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2025 | 2026 | ||||||||
| RMB | RMB | US$ | |||||||
| Net loss attributable to YXT.COM Group Holding Limited | (73,878 | ) | (14,421 | ) | (2,126 | ) | |||
| Net loss | (73,878 | ) | (14,421 | ) | (2,126 | ) | |||
| Other comprehensive loss | |||||||||
| Foreign currency translation adjustment, net of tax | (301 | ) | (1,422 | ) | (210 | ) | |||
| Unrealized (loss)/gain on investments in available-for-sale debt securities, net of tax | (497 | ) | 1,320 | 195 | |||||
| Total comprehensive loss | (74,676 | ) | (14,523 | ) | (2,141 | ) | |||
| Total comprehensive loss attributable to YXT.COM Group Holding Limited | (74,676 | ) | (14,523 | ) | (2,141 | ) | |||
| Net loss attributable to YXT.COM Group Holding Limited | (73,878 | ) | (14,421 | ) | (2,126 | ) | |||
| —Weighted average number of ordinary shares basic and diluted | 179,881,274 | 181,522,624 | 181,522,624 | ||||||
| Net loss per share attributable to ordinary shareholders: | |||||||||
| —Basic and diluted | (0.41 | ) | (0.08 | ) | (0.01 | ) | |||
| YXT.COM GROUP HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2025 | 2026 | ||||||||
| RMB | RMB | US$ | |||||||
| Net cash used in operating activities | (94,868 | ) | (34,901 | ) | (5,144 | ) | |||
| Net cash used in/(generated from) investing activities | (94,720 | ) | 9,934 | 1,464 | |||||
| Net cash used in financing activities | (85,718 | ) | (56,584 | ) | (8,339 | ) | |||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (346 | ) | (2,022 | ) | (298 | ) | |||
| Net decrease in Cash, cash equivalents and restricted cash | (275,652 | ) | (83,573 | ) | (12,317 | ) | |||
| Cash, cash equivalents and restricted cash at beginning of the period | 418,242 | 114,998 | 16,948 | ||||||
| Cash, cash equivalents and restricted cash at the end of the period | 142,590 | 31,425 | 4,631 | ||||||
| YXT.COM GROUP HOLDING LIMITED UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026 (All amounts in thousands, except for share and per share data, unless otherwise noted) | |||||||||
| For the six months ended June 30, | |||||||||
| 2025 | 2026 | ||||||||
| RMB | RMB | US$ | |||||||
| Net loss | (73,878 | ) | (14,421 | ) | (2,126 | ) | |||
| Adjustments: | |||||||||
| Share-based compensation | 9,873 | 2,190 | 323 | ||||||
| Adjusted loss before income taxes | (64,005 | ) | (12,231 | ) | (1,803 | ) | |||
| Adjusted income taxes | - | - | - | ||||||
| Adjusted net loss | (64,005 | ) | (12,231 | ) | (1,803 | ) | |||
_______________________
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.
