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    YXT
    Earnings call· Jun 2026(H1 FY26)

    YXT.COM GROUP HOLDING H1 FY26 earnings call YXT

    Aug 13, 2026 Source

    Executive summary

    YXT.COM Group Holding Limited H1 FY26 — AI-Driven Growth and Profitability Improvement

    YXT.COM demonstrated strong execution of its AI-native strategy in the first half of 2026, translating into significant revenue growth from AI products and substantial profitability improvements. The company's focus on integrating AI into existing offerings and launching new AI-powered solutions drove a positive shift in business mix and operational efficiency, setting a confident tone for continued expansion.

    Highlights

    5

    • AI product-related revenue grew nearly ninefold year-over-year.

    • Monthly recurring revenue from AI-related products reached RMB 4.4 million as of June 30, 2026, up from RMB 0.5 million a year earlier.

    • Total revenues increased by 6% year-over-year to RMB 162.1 million.

    • Gross margin reached 70.1%, up 5 percentage points from 65.1% a year earlier.

    • Net loss narrowed to RMB 14.4 million from RMB 73.9 million in the same period last year, with adjusted net loss narrowing by 80.9% to RMB 12.2 million.

    Guidance & targets

    2
    CategoryTargetConfidence
    Gross margin
    higher gross margin
    high materiality
    High
    Gross margin
    continue to boost our gross margin
    high materiality
    High

    Segment performance

    2
    SegmentRevenueYoYQoQMargin
    Corporate Learning Solutions
    Supported by focus on large enterprise customers and AI-enabled products.
    Subscription-based revenue: RMB 151.8 millionSubscription customers: 2,391 as of June 30, 2026 (vs 2,358 as of June 30, 2025)
    		RMB 158.2 million3.8% (vs RMB 152.4 million YoY)——
    AI-related Products
    Driving force behind growth is adding AI to existing business and innovating AI-native new businesses.
    Monthly Recurring Revenue (MRR): RMB 4.4 million as of June 30, 2026 (vs RMB 0.5 million a year earlier)SaleSmart sales: over RMB 5 millionSaleSmart new clients: over 20
    		—nearly ninefold growth——

    Operational metrics

    6
    Gross margin
    70.1%up 5 percentage points from 65.1% YoY
    H1 FY26

    Driven by higher-quality revenue mix, large enterprise subscription customers, AI-enabled productivity gains, and cost optimization.

    Cost of revenues
    RMB 48.5 milliondecreased by 9.1% YoY
    H1 FY26
    Net loss
    RMB 14.4 millionnarrowed from RMB 73.9 million YoY
    H1 FY26
    Adjusted net loss
    RMB 12.2 millionnarrowed by 80.9% YoY
    H1 FY26
    Total revenues
    RMB 162.1 millionincreased by 6% YoY
    H1 FY26
    Newly signed customers
    more than 120more than 48% increase YoY
    H1 FY26

    Industry KPIs

    8
    MetricValueDetails
    Revenue growthRMB 162.1 millionRMB
    Arr net new arrRMB 4.4 millionRMB
    Bookings billingsRMB 32.7 millionRMB
    Customer account count2,391customers
    Large deal new logo metricsover 120clients
    Operating FCF margin rule of 4070.1%%
    Ai product adoption monetizationnearly ninefoldgrowth
    Net revenue net dollar retention102.6%%

    Orderbook & backlog

    2
    NeoLearning Contract ValueRMB 32.7 millionH1 FY26

    approximately 26.8% increase compared to last year's same period

    Engagement in terms of contract value

    SaleSmart Contract Valuemore than RMB 5.3 millionH1 FY26

    Total signed contract value

    Product announcements

    1
    ProductTypeDetails
    AI BOXupdate

    What to watch next

    4

    Gross margin trajectory

    H2 FY26
    Current70.1% in H1 FY26
    Targethigher gross margin in H2 FY26

    Why it matters

    Continued gross margin expansion is a key indicator of the success of AI-driven operational efficiencies and improved revenue mix.

    Our improvements in revenue growth and cost efficiencies continue and strengthen our financial foundation, which means we expect we would achieve a higher gross margin in the second half of 2026.

    Q&A highlights

    2

    An update on the performance and strategic direction of TalentNova, NeoLearning, SaleSmart, and AI BOX.

    Haihua Huang detailed customer acquisition and growth for TalentNova and NeoLearning, highlighted SaleSmart's new client wins and contract value, and clarified that AI BOX is now integrated into TalentNova and NeoLearning rather than being a standalone product.

    “TalentNova is our main business line. As the market leader in corporate learning platform, in 2026, we continue to sign new customers. We signed more than 120 clients, a more than 48% increase compared to last year's same period.”

    asked by Katherine Thompson · answered by Haihua Huang

    2 min read5 chapters

    Detailed Narrative

    01

    AI-Native Transformation Driving Results

    YXT.COM emphasized a significant shift in enterprise AI adoption, moving from basic AI capabilities to a focus on business outcomes and productivity. This strategic pivot led to a nearly ninefold growth in AI product-related revenue in the first half of 2026, with monthly recurring revenue from AI-related products reaching RMB 4.4 million as of June 30, 2026, up from RMB 0.5 million a year prior. The company's approach involves integrating AI into existing corporate learning solutions and innovating new AI-native businesses like SaleSmart.

    02

    Financial Performance Overview

    The first half of 2026 marked a period where YXT.COM's strategic transformation began to yield clear financial improvements. Total revenues increased by 6% year-over-year to RMB 162.1 million. The company achieved significant profitability gains, with gross margin expanding by 5 percentage points to 70.1%. Net loss narrowed substantially to RMB 14.4 million from RMB 73.9 million, and adjusted net loss narrowed by 80.9% to RMB 12.2 million, reflecting improved operating leverage.

    03

    Product Line Performance

    The company provided updates on its four key product lines. TalentNova, the main corporate learning platform, signed over 120 new clients, a 48% increase year-over-year, driven by AI integration. NeoLearning secured RMB 32.7 million in contract value, up 26.8% year-over-year, primarily from AI-related offerings. SaleSmart, an AI-powered sales enablement solution, achieved over RMB 5 million in sales and acquired more than 20 new clients. AI BOX was integrated into TalentNova and NeoLearning, shifting from a standalone product to an embedded AI infrastructure service.

    04

    Operational Efficiency and Cost Optimization

    YXT.COM's internal AI adoption and transformation efforts contributed to enhanced operational efficiency. Cost of revenues decreased by 9.1% year-over-year to RMB 48.5 million, and sales and marketing expenses decreased by 3% due to improved productivity in customer acquisition and retention. While research and development expenses increased by 9.8% to support AI product capabilities, these investments were balanced by overall cost discipline, leading to the observed gross margin expansion and narrowed losses.

    05

    Strategic Priorities

    Looking ahead, YXT.COM outlined three core priorities. First, to deepen its focus on large enterprise customers to improve customer lifetime value. Second, to scale AI-related products, including SaleSmart and other knowledge and productivity solutions. Third, to maintain a balance between investing in AI innovation and disciplined cost control, aiming for continued operational efficiency and sustainable high-quality growth.

    AI-generated summary of the company’s earnings call. Not investment advice.