NANCHANG, China, March 30, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”), an innovative artificial intelligence (“AI”) driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems, today announced its unaudited interim financial results for the six months ended September 30, 2025.
1H 2026 (Six Months Ended September 30, 2025) Unaudited Interim Financial Highlights
- Our revenue was $366,256 for the six months ended September 30, 2025, compared with $4,109,689 for the six months ended September 30, 2024, representing a decrease of 91.1%.
- Gross margin was 26.2% for the six months ended September 30, 2025, compared with 42.1% for the six months ended September 30, 2024.
- Our net loss was $4,569,013 for the six months ended September 30, 2025, compared with net loss of $680,241 for the six months ended September 30, 2024.
Management Commentary
Ms. Maggie Fu, Chief Executive Officer of Ruanyun, commented, “The decline in revenue reflects challenging domestic market conditions driven by regulatory changes and broader economic deceleration in China. We have proactively responded by strategically realigning our business toward international markets, establishing a global operational platform beyond our traditional geographic concentration. While this strategic transformation has temporarily impacted our margins, we believe these investments in international expansion and product portfolio optimization position Ruanyun for a broader and more global future.”
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems. For more information, please visit: ruanyun.net and investors.ruanyun.net.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions. Any forward-looking statements contained in this press release speak only as of the date hereof, and Ruanyun Edai Technology Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
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| RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES | ||||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| As of September 30, | As of March 31, | |||||||
| 2025 | 2025 | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash | $ | 2,668,147 | $ | 673,397 | ||||
| Restricted cash | 112,417 | 125,561 | ||||||
| Accounts receivable, net | 1,490,274 | 3,310,143 | ||||||
| Due from related parties | 16,969 | 11,410 | ||||||
| Inventories | 62,770 | 59,077 | ||||||
| Deferred contract costs | 307,983 | 63,392 | ||||||
| Prepaid expenses and other current assets | 4,635,548 | 35,923 | ||||||
| Deposit for long-term investment | 4,200,000 | — | ||||||
| Total current assets | 13,494,108 | 4,278,903 | ||||||
| Non-current assets | ||||||||
| Property and equipment, net | 470,847 | 460,314 | ||||||
| Capitalized software development cost, net | 137,164 | 202,166 | ||||||
| Deferred offering cost | — | 838,804 | ||||||
| Long term deposits | 80,214 | 94,811 | ||||||
| Total non-current assets | 688,225 | 1,596,095 | ||||||
| Total assets | $ | 14,182,333 | $ | 5,874,998 | ||||
| LIABILITIES | ||||||||
| Current liabilities | ||||||||
| Short-term bank loans | $ | 4,282,905 | $ | 4,408,340 | ||||
| Accounts payable | 429,649 | 1,075,456 | ||||||
| Deferred revenue | 204,594 | 135,737 | ||||||
| Due to related parties | 46,012 | 43,289 | ||||||
| Accrued expenses and other liabilities | 2,168,951 | 718,327 | ||||||
| Total Current and Total Liabilities | 7,132,111 | 6,381,149 | ||||||
| COMMITMENTS | ||||||||
| EQUITY | ||||||||
| Ordinary shares ($0.0002 par value, 5,000,000,000 shares authorized, 33,750,004 and 30,000,004 shares issued and outstanding as of September 30, 2025 and March 31, 2025) | 6,750 | 6,000 | ||||||
| Additional paid-in capital | 27,190,636 | 15,210,301 | ||||||
| Accumulated deficit | (20,192,106 | ) | (15,630,351 | ) | ||||
| Accumulated other comprehensive income | 390,515 | 252,250 | ||||||
| Total Ruanyun Edai Technology Inc.’s shareholders’ equity (deficit) | 7,395,795 | (161,800 | ) | |||||
| Non-controlling interest | (345,573 | ) | (344,351 | ) | ||||
| Total Equity (Deficit) | 7,050,222 | (506,151 | ) | |||||
| Total liabilities and equity (deficit) | $ | 14,182,333 | $ | 5,874,998 | ||||
| RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES | ||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||
| COMPREHENSIVE LOSS | ||||||||
| For the Six Months Ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| REVENUE | $ | 366,256 | $ | 4,109,689 | ||||
| COST OF REVENUE | (270,367 | ) | (2,378,330 | ) | ||||
| GROSS PROFIT | 95,889 | 1,731,359 | ||||||
| OPERATING EXPENSES | ||||||||
| Selling expenses | (910,724 | ) | (1,027,469 | ) | ||||
| General and administrative expenses | (2,434,355 | ) | (749,799 | ) | ||||
| Research and development expenses | (455,866 | ) | (513,461 | ) | ||||
| Total operating expenses | (3,800,945 | ) | (2,290,729 | ) | ||||
| Loss from operations | (3,705,056 | ) | (559,370 | ) | ||||
| Interest expense, net | (34,358 | ) | (121,058 | ) | ||||
| Government subsidy | 1,164 | — | ||||||
| Other income (expense), net | (830,763 | ) | (187 | ) | ||||
| LOSS BEFORE INCOME TAXES | (4,569,013 | ) | (680,241 | ) | ||||
| Income tax expenses | — | — | ||||||
| NET LOSS | (4,569,013 | ) | (680,241 | ) | ||||
| Net loss attributable to non-controlling interests | (7,258 | ) | (63,337 | ) | ||||
| NET LOSS ATTRIBUTABLE TO RUANYUN SHAREHOLDERS | (4,561,755 | ) | (616,904 | ) | ||||
| COMPREHENSIVE LOSS | ||||||||
| Net loss | (4,569,013 | ) | (680,241 | ) | ||||
| Foreign currency translation adjustment | (144,301 | ) | (17,062 | ) | ||||
| Comprehensive loss | (4,713,314 | ) | (697,303 | ) | ||||
| Less: comprehensive loss attributable to non-controlling interests | (13,294 | ) | (69,007 | ) | ||||
| COMPREHENSIVE LOSS ATTRIBUTABLE TO RUANYUN SHAREHOLDERS | $ | (4,700,020 | ) | $ | (628,296 | ) | ||
| Loss per ordinary share - basic and diluted | $ | (0.14 | ) | $ | (0.02 | ) | ||
| Weighted average number of shares - basic and diluted | 33,586,070 | 30,000,004 | ||||||
