Gaotu Techedu Announces First Quarter 2026 Unaudited Financial Results
Gaotu Techedu reported Q1 2026 net revenues of RMB1.69 billion, up 13.2% year-over-year, driven by a 12.1% increase in gross billings. Profitability contracted sharply: GAAP operating income fell 80% to RMB6.9 million and net income dropped 72% to RMB34.5 million, while non-GAAP net income declined 70% to RMB41.4 million.
Key figures
- Eps
- 0.14
- Revenue
- 1689475000
- Guidance
- Q2 2026 net revenues RMB1,578 million - RMB1,598 million (13.6% - 15.0% YoY growth)
- Revenue Yoy
- 13.2%
- Net income
- 34511000
- Non gaap eps
- 0.17
- Gross billings
- 996262000
- Net income yoy
- -72.2%
- Deferred revenue
- 1792693000
- Operating income
- 6873000
- Gross billings yoy
- 12.1%
- Non gaap net income
- 41416000
- Deferred revenue yoy
- 24.1%
- Operating income yoy
- -80.2%
- Shares repurchased usd
- 97900000
- Non gaap net income yoy
- -69.8%
- Non gaap operating income
- 13778000
AI analysis
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