Here Group Reports Q1 FY 2026 Revenue of RMB 127.1 Million, Up 93.3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: Globenewswire
- Significant Revenue Growth: Here Group reported Q1 FY 2026 revenue of RMB 127.1 million (approximately $17.9 million), representing a robust 93.3% increase from Q4 FY 2025, showcasing the company's strong performance and successful strategic transformation in the pop toy market.
- Improved Net Loss: The net loss for Q1 was RMB 25.8 million ($3.6 million), an increase from RMB 21.8 million in the previous quarter, reflecting ongoing financial challenges and the investment needs during the company's transformation process.
- Gross Margin Increase: The gross margin rose to 41.2% in Q1 from 34.7% in the prior quarter, indicating strong performance in the pop toy business model and enhancing confidence in future profitability.
- Optimistic Future Outlook: The company expects total revenues for FY 2026 to range between RMB 750 million and RMB 800 million, demonstrating confidence in the pop toy market and laying the groundwork for international expansion.
Analyst Views on HERE
About HERE
Here Group Ltd, formerly QuantaSing Group Ltd, is a company mainly engaged in manufacturing collectible pop toys that spark joy and inspire global culture. The Company sells products mainly by HERE brand. The Company is also engaged in blind box and plush pendant card businesses. The Company’s Intellectual Property (IP) includes proprietary IPs, WAKUKU and ZIYULI, exclusive licensed IPs (SIINONO, IMPOPO PIX, YEAOHUA, VIVIMANI) and non-exclusive licensed IPs (ZHE GOU and QIMI DAN).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
