GlobeNewswire·Nov 10, 2026, 4:01 PM ET

Ambow Education Holding Ltd. (NYSE American: AMBO) Announces Third Quarter and First Nine Months of 2026 Financial Results

AMBO

Ambow Education Holding Ltd. reported unaudited financial results for the three-month and nine-month periods ended September 30, 2026, on November 10, 2026.
Third-quarter net revenues increased 21.4% year over year to $1.7 million, driven by growth in educational programs and services to $1.3 million and HybriU licensing to $0.4 million.
Nine-month net revenues rose 6.2% to $6.9 million, primarily led by educational programs and services revenue reaching $5.3 million.
Combined selling, marketing, and research and development expenses increased by $0.5 million year over year to $1.6 million for the first nine months, reflecting investments in HybriU launches and NewSchool recruitment.
General and administrative expenses decreased 8.7% to $2.1 million for the first nine months of 2026, while net cash used in operating activities was reduced by 50% to $0.7 million.
The company reported a net loss of $0.8 million ($0.27 per ADS) for the third quarter, compared to a net loss of $0.6 million in the same period last year.
Net loss for the first nine months of 2026 was $0.5 million ($0.17 per ADS), contrasting with a net income of $1.3 million in the prior year period which included a $1.5 million lease settlement gain.
As of September 30, 2026, total cash, restricted cash, and short-term investments totaled $6.1 million, with positive working capital of $3.9 million and net assets of $7.9 million.
Total liabilities decreased to $10.4 million from $12.5 million as of December 31, 2025, driven by a reduction in accounts payable.
Subsequent to the quarter end, Ambow announced HybriU will exhibit at CES 2027 in Las Vegas from January 6 through 9, 2027, to demonstrate phygital classroom and event solutions.
Gross profit margin for the third quarter was 30.6%, down from 35.7% in the prior year, while the nine-month gross profit margin was 50.0% compared to 51.1% previously.

Company: Ambow Education Holding Ltd.
Keywords: NYSE:AMBO, Ambow Education Holding Ltd.