Revenue plunges at Ruanyun Edai (NASDAQ: RYET) as 1H loss widens

Rhea-AI Filing Summary

Ruanyun Edai Technology Inc. reported unaudited 1H 2026 results showing revenue of $366,256 for the six months ended September 30, 2025, down 91.1% from $4,109,689 a year earlier. Gross margin fell to 26.2% from 42.1%, reflecting weaker pricing and mix.

The company recorded a net loss of $4,569,013 versus a $680,241 loss in the prior-year period, with higher general and administrative expenses and other expenses driving the deterioration. Management attributed the revenue decline to regulatory and economic pressures in China and said it is realigning toward international markets and optimizing its AI education product portfolio.

Positive

• Total assets increased to $14,182,333 as of September 30, 2025, from $5,874,998 as of March 31, 2025, with cash rising to $2,668,147, improving the company’s liquidity position.
• Ruanyun Edai’s shareholders’ equity improved to a positive $7,050,222 at September 30, 2025, from a deficit of $506,151 at March 31, 2025, supported by higher additional paid-in capital.

Negative

• Revenue for the six months ended September 30, 2025 fell to $366,256 from $4,109,689 a year earlier, a 91.1% decline that severely reduced scale.
• Gross margin declined to 26.2% from 42.1%, while net loss widened to $4,569,013 from $680,241, indicating significantly weaker profitability.
• Loss per ordinary share, basic and diluted, increased to $0.14 from $0.02, reflecting substantial deterioration in earnings available to shareholders.

Insights

Equity analyst

Ruanyun Edai’s 1H 2026 shows collapsing revenue, weaker margins and much larger losses.

Ruanyun Edai generated 1H 2026 revenue of $366,256, a 91.1% drop from $4,109,689 in the prior-year period. Gross margin compressed to 26.2% from 42.1%, indicating reduced profitability on a much smaller revenue base.

Operating expenses rose to $3,800,945 from $2,290,729, mainly from higher general and administrative costs, pushing the net loss to $4,569,013 versus $680,241 a year earlier. Other income (expense), net also swung notably negative at $830,763.

On the balance sheet, total assets increased to $14,182,333 from $5,874,998, with cash improving to $2,668,147. Shareholders’ equity turned positive at $7,050,222 versus a prior deficit, supported by higher additional paid-in capital. Management highlights a strategic pivot toward international markets, but the timing and financial payoff of this shift are not quantified in these figures.

Key Figures

Revenue 1H 2026: $366,256 Revenue 1H 2025: $4,109,689 Gross margin: 26.2% +5 more

8 metrics

Revenue 1H 2026 $366,256 Six months ended September 30, 2025

Revenue 1H 2025 $4,109,689 Six months ended September 30, 2024

Gross margin 26.2% Six months ended September 30, 2025

Net loss $4,569,013 Six months ended September 30, 2025

Cash balance $2,668,147 As of September 30, 2025

Total assets $14,182,333 As of September 30, 2025

Shareholders’ equity $7,050,222 Total equity as of September 30, 2025

Loss per share $0.14 Basic and diluted, six months ended September 30, 2025

Key Terms

gross margin, additional paid-in capital, comprehensive loss, non-controlling interest, +1 more

5 terms

gross margin financial

"Gross margin was 26.2% for the six months ended September 30, 2025"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

additional paid-in capital financial

"Additional paid-in capital | | | 27,190,636 | | | | 15,210,301"

Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.

comprehensive loss financial

"COMPREHENSIVE LOSS ATTRIBUTABLE TO RUANYUN SHAREHOLDERS | | $ | (4,700,020 | )"

Comprehensive loss measures the total decrease in a company’s value over a reporting period by combining its regular profit-or-loss with other gains or losses that don’t show up on the main income line—things like currency swings, changes in the value of certain investments, or pension adjustments. For investors it matters because it reveals hidden hits to a company’s equity that aren’t reflected in net income, offering a fuller picture of financial health, similar to checking both your bank balance and the value of investments when assessing your net worth.

non-controlling interest financial

"Non-controlling interest | | | (345,573 | )"

Non-controlling interest represents the portion of ownership in a company held by investors who do not have a controlling stake, meaning they do not have enough voting power to make major decisions. It is similar to owning a minority share of a business partner’s company—while they benefit from profits, they cannot control how the company is run. This matters to investors because it shows how much of the company's value is owned by outside shareholders and affects overall financial reporting.

AI-enabled digital education platforms technical

"developing and delivering AI-enabled digital education platforms, including intelligent learning tools"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2026

Commission File Number 001-42576

Ruanyun Edai Technology Inc.

(Translation of registrant’s name into English)

No. 698 Jing Dong Avenue, ZheJiang University HighTech Campus

Nanchang, Jiangxi, China 330096

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR

On March 30, 2026, Ruanyun Edai Technology Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Exhibit No.		Description of Exhibit
99.1		Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 30, 2026

	RUANYUN EDAI TECHNOLOGY INC.
	By:	/s/ Yan Fu
		Name: Yan Fu
		Title: Director and Chief Executive Officer

EXHIBIT 99.1

 Ruanyun Edai Technology Inc. Announces 1H 2026 Unaudited Interim Financial Results

NANCHANG, 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 of 91.1%.
	●	Gross margin was 26.2% for the six months ended September 30, 2025, compared with 42.1% 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 ($0.0002 par value, 5,000,000,000 shares authorized, 33,750,004 and 30,000,004 shares issued and outstanding as of September 30, 2025 and March 31, 2025)			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

FAQ

How did Ruanyun Edai (RYET) perform financially in 1H 2026?

Ruanyun Edai reported revenue of $366,256 for the six months ended September 30, 2025, down sharply from $4,109,689 a year earlier. Net loss deepened to $4,569,013 from $680,241, driven by lower sales, weaker margins, and higher operating expenses.

What happened to Ruanyun Edai’s profit margins in the latest period?

The company’s gross margin fell to 26.2% for the six months ended September 30, 2025, compared with 42.1% in the prior-year period. This margin compression, combined with higher operating expenses, contributed to the significantly larger net loss reported.

How large was Ruanyun Edai’s net loss and loss per share in 1H 2026?

Ruanyun Edai recorded a net loss of $4,569,013 for the six months ended September 30, 2025, versus $680,241 a year earlier. Loss per ordinary share, basic and diluted, was $0.14, compared with $0.02 in the prior-year period.

What changes occurred in Ruanyun Edai’s balance sheet during this period?

Total assets increased to $14,182,333 as of September 30, 2025, from $5,874,998 at March 31, 2025. Cash rose to $2,668,147, and shareholders’ equity improved to $7,050,222, turning positive from a prior deficit on the earlier balance sheet date.

How is Ruanyun Edai responding strategically to its revenue decline?

Management stated that revenue fell due to regulatory changes and economic deceleration in China. In response, Ruanyun Edai is realigning its business toward international markets and investing in a global operational platform and product portfolio optimization for its AI-driven education offerings.

What does Ruanyun Edai’s management say about the outlook?

Management commented that the strategic shift toward international markets and product optimization has temporarily pressured margins. They believe these investments in global expansion position the company for a broader, more international future, while cautioning that forward-looking statements involve uncertainties related to market conditions.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 56.8 KB