🔹 Revenue: $575.0M (Est. $577.3M) 🟡; UP +38.8% YoY
🔹 GAAP EPS: $0.05 (Est. $0.02) 🟢; UP +174% YoY
🔹 Operating Income: $14.3M vs. $(17.3)M YoY
🔹 Non-GAAP Operating Income: $25.1M vs. $0.9M YoY
🔹 Net Income: $31.3M vs. $11.4M YoY
🔹 Non-GAAP Net Income: $42.0M vs. $29.6M YoY
🔹 Gross Profit: $315.4M; UP +47.3% YoY
🔹 Gross Margin: 54.9% vs. 51.7% YoY
🔹 Cash & Short-Term Investments: $3.47B
🔹 Net Operating Cash Flow: $347.8M
🔹 Deferred Revenue: $967.9M; UP +44% QoQ
Strategic & Operational Commentary
🔸 “We achieved year-over-year revenue growth this quarter, driven by solid progress in both our learning services and AI-powered devices.” – CFO Alex Peng
🔸 “New learning device models (P4, S4, T4) helped broaden our audience.”
🔸 “We remain focused on innovation in the K-12 space, especially adapting to AI and tech advancements.”
Capital Allocation
🔹 Share Repurchase (Extended Program): $477.4M used to repurchase 15.18M shares (as of July 30, 2025)
🔹 New Buyback Authorization (July 28, 2025): Up to $600M