17EdTech Q1 net revenues reach $14.4 million
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- 17 Education & Technology Group (NASDAQ:YQ) grew first-quarter net revenues to RMB99.5 million (US$14.4 million).
- Gross margin expanded significantly to 61.9% from 36.2% in the same quarter of the previous year.
- Net loss narrowed to RMB19.4 million (US$2.8 million) compared to RMB30.9 million in Q1 2025.
17 Education & Technology Group (NASDAQ:YQ) posted first-quarter net revenues of RMB99.5 million (US$14.4 million) on Wednesday.
This performance marks an upward shift from the net revenues of RMB21.7 million recorded during the first quarter of 2025.
The operational expansion underscores the provider's ongoing transition toward scalable AI-powered personalized learning solutions.
Gross margin improved to 61.9% for the period, up from 36.2% in the corresponding quarter of the previous year.
Net loss narrowed to RMB19.4 million (US$2.8 million) from RMB30.9 million in the first quarter of 2025.
Adjusted non-GAAP net loss dropped to RMB15.1 million (US$2.2 million) after excluding share-based compensation expenses.
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