Good Future 2026 Q1 Earnings Report: Net Income $5.75 Billion, Net Profit $3128.2 Million

Xinhua Tech News 7/31 afternoon message, Good Future Education announced its unaudited financial report for the first quarter of fiscal year 2026, ended May 31, 2025.

Summary of 2026 Q1 performance: Net income increased from $4.14 billion in the same period last year to $5.75 billion this quarter.

Operating profit was $143.46 million, compared with an operating loss of $173.30 million in the same period last year.

Non-US GAAP operating profit (excluding stock-based compensation) was $251.09 million, compared with $87.60 million in the same period last year.

Net income attributable to Good Future was $3128.20 million, compared with $1140.20 million in the same period last year.

Non-US GAAP net income attributable to Good Future (excluding stock-based compensation) was $4204.50 million, compared with $2960.80 million in the same period last year.

Basic and diluted earnings per ADS were both $0.05. Non-US GAAP basic and diluted earnings per ADS (excluding stock-based compensation) were both $0.07. Three shares of ADS are equal to one A-class common share.

As of May 31, 2025, cash, cash equivalents, and short-term investments totaled $347.3 million, compared with $361.8 million as of February 28, 2025.

Good Future President and Chief Financial Officer Peng Zhuangzhang said: "In this quarter, our revenue has achieved year-over-year growth, mainly driven by the steady growth of our learning services and AI-driven smart hardware business. This reflects our commitment to providing high-quality learning experiences and promoting long-term development of our core businesses. Our new P4, T4, and S4 smart hardware products have helped our products reach a wider user base."

Peng Zhuangzhang added: "Looking ahead, we will continue to focus on innovating in the K-12 learning field, actively responding to changing user needs, and leveraging the latest developments in artificial intelligence and technology." (Ronen)