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Gaotu Techedu (GOTU) investor relations material
Gaotu Techedu Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenues for Q2 2026 rose 20.2% year-over-year to nearly CNY 1.7 billion (RMB1,670.1 million), driven by strong market demand, improved product recognition, and a tech-driven, learner-focused strategy.
Gross billings increased 19.4% year-over-year to approximately CNY 2.7 billion (RMB2,689.1 million), reflecting robust sales of course offerings.
Focus on profitable growth, user value, and AI-driven operational efficiency led to improved unit economics, higher retention rates, and enhanced user experience.
Maintained a solid cash position and continued share repurchases, reflecting confidence in long-term prospects.
Net loss narrowed to RMB135.8 million from RMB216.0 million in Q2 2025, with non-GAAP net loss at RMB129.1 million.
Financial highlights
Gross profit for Q2 2026 was over CNY 1.1 billion (RMB1,110.8 million), up 21.2% year-over-year, with a gross margin of 66.5%.
Adjusted operating loss and net loss narrowed by 38.5% and 37.6% year-over-year, respectively.
Net operating cash inflow surged 46.3% year-over-year to CNY 861.2 million (RMB861.2 million).
Cash, cash equivalents, and investments totaled nearly CNY 4.0 billion (RMB3,992.9 million) as of June 30, 2026.
Non-GAAP net income for Q2 2026 was RMB41.4 million, a significant improvement from a loss in the prior year.
Outlook and guidance
Q3 2026 net revenues are projected between CNY 1,838 million and CNY 1,858 million (RMB1,838–1,858 million), up 16.4% to 17.7% year-over-year.
Focus remains on profitable growth, disciplined resource allocation, and sustainable expansion, leveraging AI and big data analytics.
- Revenue up 13.2% YoY, non-GAAP net profit RMB 41.4M, strong cash and growth outlook.GOTU
Q1 2026 - Q4 revenue up 21.4% year-over-year, with narrowed losses and strong cash flow in 2025.GOTU
Q4 2025 - Revenue surged in 2024 and Q3 2025, with improved margins and major share repurchases.GOTU
Q3 2025 - Q2 revenue up 37.6%, net loss halved, and full-year growth set to surpass 40% on AI-driven gains.GOTU
Q2 2025 - Q3 2024 revenue jumped 53%, but losses deepened as expenses surged; Q4 outlook is strong.GOTU
Q3 2024 - Net revenues jumped 43.6% and Q3 guidance points to over 50% growth.GOTU
Q2 2024 - Revenue up 58% year-over-year, return to profit, and new $100M buyback approved.GOTU
Q1 2025 - Q4 revenue rose 82.5% year-over-year, with net profitability expected in Q1 2025.GOTU
Q4 2024
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