17EdTech Q2 FY26 swings to profit of RMB 1.1 million; net revenues rise 254.6% to RMB 90.1 million
YQ•Quarterly results and management commentary
- 17 Education & Technology Group posted net revenues of RMB 90.1 million, more than doubled from a year earlier.
- GAAP net income was RMB 1.1 million, swinging from a loss a year earlier; gross margin widened 11.7 percentage points to 69.2%.
- Non-GAAP adjusted net income was RMB 4.7 million, returning to profit after excluding RMB 3.6 million in share-based compensation.
- Cash, restricted cash, and term deposits totaled RMB 456.9 million at quarter-end, up from RMB 407 million at end-2025.
- Management cited Yiqi Aixue expansion, added a teacher-focused AI agent, and said GAAP and non-GAAP profitability was achieved for the first time.
