Here Reports Q4 2026 Earnings: Strong Revenue Growth but Continued Net Loss
Here reported fourth-quarter revenue of CNY 127.7 million for the quarter, representing a year-over-year increase of 94.1%, driven by higher sales from its pop toy IP product lines. The company's WAKUKU and SIINONO IPs contributed significantly to this growth with revenues of CNY 47.7 million and CNY 27.3 million respectively in Q4, while other emerging brands also saw a substantial increase. Despite the revenue gains, Here posted a net loss from continuing operations of CNY 169.6 million for the quarter due to factors including higher product costs, changes in sales channels, and a goodwill impairment charge related to its acquisition of Letsvan. The company's cash reserves stood at CNY 609.3 million as of June 30, 2026. The CFO warned that market recovery is not expected soon due to macroeconomic challenges and noted the need for strategic patience during volatile conditions.
Topics: expenses gross margin IP performance net loss revenue