YXT.COM Group (YXT) investor relations material

Executive summary

• H1 2026 revenue rose 6.0% year over year to RMB162.1 million, while gross margin increased to 70.1%.

• Reported net loss narrowed to RMB14.4 million from RMB73.9 million, down 80.5%; adjusted net loss fell 80.9% to RMB12.2 million.

• AI-product monthly recurring revenue reached RMB4.4 million at June 30, up from RMB0.5 million a year earlier.

• The subscription customer base grew to 2,391, with net revenue retention at 102.6%.

Financial highlights

• Corporate learning solutions revenue was RMB158.2 million; subscription-based revenue reached RMB151.8 million, while non-subscription revenue was RMB6.4 million.

• Cost of revenue fell 9.1% to RMB48.5 million; sales and marketing expenses declined 3.0% to RMB60.1 million, while R&D expense rose 9.8%.

• General and administrative expenses decreased 78.0% to RMB11.9 million, reflecting lower professional fees and share-based compensation.

• Basic and diluted net loss per share improved to RMB0.08 from RMB0.41 year over year.

Outlook and guidance

• Management expects H2 gross margin to exceed H1's 70.1% and anticipates continued improvement in future years as AI transformation improves efficiency and business outcomes.

• Priorities include expanding large-enterprise relationships and customer lifetime value, scaling SalesSmart and other AI products, and balancing AI investment with cost control and operational efficiency.