๐น Revenue: $575.0M (Est. $577.3M) ๐ก; UP +38.8% YoY
๐น GAAP EPS: $0.05 (Est. $0.02) ๐ข; UP +174% YoY
๐น Operating Income: $14.3M vs. $(17.3)M YoY
๐น Non-GAAP Operating Income: $25.1M vs. $0.9M YoY
๐น Net Income: $31.3M vs. $11.4M YoY
๐น Non-GAAP Net Income: $42.0M vs. $29.6M YoY
๐น Gross Profit: $315.4M; UP +47.3% YoY
๐น Gross Margin: 54.9% vs. 51.7% YoY
๐น Cash & Short-Term Investments: $3.47B
๐น Net Operating Cash Flow: $347.8M
๐น Deferred Revenue: $967.9M; UP +44% QoQ
Strategic & Operational Commentary
๐ธ โWe achieved year-over-year revenue growth this quarter, driven by solid progress in both our learning services and AI-powered devices.โ โ CFO Alex Peng
๐ธ โNew learning device models (P4, S4, T4) helped broaden our audience.โ
๐ธ โWe remain focused on innovation in the K-12 space, especially adapting to AI and tech advancements.โ
Capital Allocation
๐น Share Repurchase (Extended Program): $477.4M used to repurchase 15.18M shares (as of July 30, 2025)
๐น New Buyback Authorization (July 28, 2025): Up to $600M