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Here Group (HERE) investor relations material
Here Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary2 Dec, 2025
Executive summary
Completed disposal of legacy and non-employee businesses, rebranded as Here Group Limited, and achieved first quarter as a pure-play pop toy company with a focus on global employee opportunities and a "Test-and-Scale" growth methodology.
Expanded from online learning to pop toy IP creation, commercialization, and omnichannel sales, building a competitive moat and leveraging partnerships and immersive brand experiences.
Strategic focus on strengthening the IP ecosystem, expanding multi-channel sales including DTC and international markets, and leveraging a scalable supply chain.
Completed multiple funding rounds and rebranding, with strong operational momentum and transformation in the pop toy sector.
Financial highlights
Q1 FY2026 revenue was RMB127.1 million (US$17.9 million), up 93.3% quarter-over-quarter, with all revenue from pop toy and related activities.
Gross margin expanded to 41.2% from 34.7% sequentially.
Adjusted net loss from continuing operations narrowed to RMB17.1 million (US$2.4 million), with net loss per share at RMB0.16 and adjusted net loss per share at RMB0.11.
Cash, cash equivalents, restricted cash, and short-term investments totaled RMB789.4 million (US$110.9 million) as of September 30, 2025.
Outlook and guidance
Q2 FY2026 revenue expected between RMB150 million and RMB160 million.
Full-year FY2026 revenue guidance set at RMB750–800 million, with confidence based on new product launches, increased production capacity, and strong order pipeline.
Profitability expected to improve as fixed costs are optimized and scale increases.
Management expresses confidence in scaling operations and international expansion.
IP diversification: timeline for new flagship IPs
Fixed cost optimization impact on profitability
Overseas revenue growth: target contribution timeline
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Next Here Group earnings date
Q2 202610 Mar, 2026
Next Here Group earnings date
Q2 202610 Mar, 2026
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Frequently asked questions
QuantaSing Group Limited is an online learning service provider based in the People's Republic of China. The company specializes in offering a diverse range of online courses that range from everything from to financial literacy to digital keyboard playing. Beyond individual learning, QuantaSing extends its services to include marketing and enterprise talent management solutions for business customers. The company is headquartered in Beijing, China, and its shares are listed on the Nasdaq.
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