Here are the 10-Q quarterly reports from Ambow Education Holding Ltd. (AMBO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AMBO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMBO filings page.
Ambow Education Holding Ltd. (AMBO) reported net revenue of $6.853 million for the nine months ended September 30, 2026, compared with $6.482 million a year earlier. Third-quarter revenue was $1.661 million, versus $1.402 million. The nine-month period ended with a net loss of $495,000, compared with net income of $1.271 million in 2025; the third-quarter net loss was $773,000, versus $613,000.
Nine-month gross profit was $3.425 million and gross margin was 50.0%, compared with $3.312 million and 51.1% in 2025. Operating expenses were $3.888 million, including a $161,000 impairment loss on construction in progress after water damage from a leak. Net cash used in operating activities was $687,000, compared with $1.382 million in the prior-year period.
As of September 30, 2026, current assets exceeded current liabilities by $3.9 million. Ambow reported $2.404 million in unrestricted cash, $2.7 million in restricted cash and $1.0 million in short-term investments. Management said available resources should meet anticipated cash needs for at least the next 12 months, while additional capital is expected for its longer-term business plan.
Ambow Education Holding Ltd. reported modest profitability for the six months ended June 30, 2026. Net revenues were $5.2 million, up slightly from $5.1 million a year earlier, driven mainly by growth in educational programs and services. Gross profit rose to $2.9 million, with gross margin improving to 56.2%, helped by higher-margin HybriU activities.
Despite this, net income declined to $0.3 million from $1.9 million, largely because the prior-year period included a $1.5 million one-time gain on a lease settlement. For the second quarter, net revenues fell to $2.4 million and Ambow recorded a small net loss of $0.1 million, reflecting weaker HybriU licensing and sales and an impairment loss of $0.2 million on construction in progress.
Liquidity remains constrained but positive: at June 30, 2026, the company held $4.5 million in cash and cash equivalents and $2.7 million in restricted cash, with working capital of $5.5 million and equity of $8.6 million. Total bank borrowings were $3.2 million, and operating cash flow for the first half was a small outflow of $0.1 million. Management believes existing resources and operating cash flows are sufficient for at least 12 months, but expects additional capital will be needed to pursue longer-term growth plans. The company also discloses ongoing litigation with a former executive that could have a material adverse impact depending on the outcome.