好未来2026财年第一季度净利润同比增长174.4%

Core Viewpoint - The financial report for Q1 of fiscal year 2026 from TAL Education shows significant growth in revenue and net profit, driven by the expansion of learning services and AI-driven smart hardware business [1]. Financial Performance - Q1 net revenue increased from $414 million in the same period last year to $575 million, representing a year-over-year growth of 38.8% [1]. - Operating profit reached $14.35 million, compared to an operating loss of $17.33 million in the previous year [1]. - Non-GAAP operating profit (excluding stock-based compensation) was $25.11 million, up from $876,000 year-over-year [1]. - Net profit attributable to TAL Education was $31.28 million, a 174.4% increase from $11.40 million in the same period last year [1]. - Non-GAAP net profit (excluding stock-based compensation) was $42.05 million, compared to $29.61 million in the previous year [1]. Cash Position - As of May 31, 2025, the total balance of cash, cash equivalents, and short-term investments was $3.473 billion, down from $3.618 billion as of February 28, 2025 [1]. Strategic Focus - The company’s president and CFO, Peng Zhuangzhuang, indicated that the revenue growth was primarily due to the steady growth of learning services and AI-driven smart hardware [1]. - The company plans to continue innovating in the K-12 learning sector by leveraging advancements in artificial intelligence and technology [1].