Aurora Mobile (JG) investor relations material

Executive summary

• Q1 2026 revenue reached RMB 93.3 million, up 5% year-over-year, driven by robust growth in Developer Services and EngageLab, despite seasonal headwinds and a shorter business month due to Chinese New Year holidays.

• Achieved fourth consecutive GAAP net profit quarter, with net income of RMB 1.2 million versus a net loss of RMB 1.6 million year-over-year.

• Gross profit grew 13% year-over-year to RMB 66.3 million, with gross margin improving to 71.0%, up 490 basis points year-over-year.

• EngageLab, the global flagship product, drove growth with ARR hitting $11.7 million (up 172% year-over-year) and recognized revenue of RMB 24 million (up 210% year-over-year); customer base grew 120% year-over-year to 1,864.

• Strategic expansion included the establishment of a Japanese subsidiary and the launch of Modellix, a unified multimodal AI platform.

Financial highlights

• Total Q1 revenue: RMB 93.3 million, up 5% year-over-year; Developer Services revenue up 15% year-over-year, Vertical Applications down 19% year-over-year.

• Developer Subscription Services revenue reached a record RMB 64.9 million, up 21% year-over-year and 5% quarter-over-quarter.

• Gross profit: RMB 66.3 million, up 13% year-over-year; gross margin improved to 71.0%, up 490 basis points year-over-year.

• Deferred revenue at RMB 173.9 million as of March 31, 2026, up 11% year-over-year.

• Cash, restricted cash, and short-term investments totaled RMB 142.2 million as of March 31, 2026.

Outlook and guidance

• Management expects substantial growth in core developer solutions and accelerated expansion of EngageLab for the remainder of 2026, with a focus on global expansion and disciplined spending.

• Ongoing investment in product innovation and cross-industry collaborations to drive future growth.

• The global user engagement market remains vast, providing multi-year growth headroom for EngageLab.