IH

MKT CAP:$17M

iHuman Inc.

Market Cap

$17M

Consumer Defensive·Education & Training Services·🇨🇳 China·NYSE

Consumer Def.·Education·🇨🇳·NYSE

Stock Price

$1.76-$0.24 (-12.00%)

Apr 23, 2026

Company Details

iHuman Inc. provides intellectual development products to individual users, kindergartens, and distributors in the People's Republic of China. The company offers interactive and self-directed learning apps, including iHuman Chinese, iHuman ...

CEO

Peng Dai

IPO Date

Oct 9, 2020

Website

www.ihuman.com

Key Metrics TTM

Revenue

$117M

-12.9% YoY

Net Income

$14M

EPS (Diluted)

$1.30

Free Cash Flow

$0

Revenue / Share

$11.01

Gross Margin

67.9%

Operating Margin

8.3%

Net Margin

11.8%

FCF Margin

0.0%

P/S

0.1x

P/E

1.3x

Earnings Reports

FY 2025

Dec 30, 2025

$115M-14.9%EPS $1.28

Q4 2025

Dec 30, 2025

$27M-19.2%EPS $0.21

Q3 2025

Sep 29, 2025

$30M-14.5%EPS $0.29

Q2 2025

Sep 18, 2025

$29M-6.9%EPS $0.44

Q1 2025

Mar 31, 2025

$31M-10.5%EPS $0.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$33M	$24M	$532.7K
Q2 21	$32M	$23M	-$504.4K
Q3 21	$38M	$26M	-$6M
Q1 22	$35M	$25M	$2M
Q2 22	$34M	$24M	$3M
Q1 23	$39M	$27M	$8M
Q3 23	$38M	$27M	$6M
Q4 23	$37M	$26M	$3M
Q1 24	$34M	$25M	$3M
Q2 24	$31M	$22M	$3M
Q3 24	$35M	$24M	$3M
Q4 24	$34M	$23M	$2M
Q1 25	$31M	$21M	$3M
Q2 25	$29M	$20M	$3M
Q3 25	$30M	$20M	$2M
Q4 25	$27M	$18M	$1M

Valuation

Quarter	P/S	P/E
Q1 21	1.4x	34.6x
Q2 21	1.0x	26.9x
Q3 21	0.4x	—
Q1 22	0.2x	—
Q2 22	0.2x	—
Q1 23	0.2x	4.6x
Q3 23	0.2x	1.5x
Q4 23	0.2x	1.2x
Q1 24	0.1x	0.8x
Q2 24	0.1x	1.0x
Q3 24	0.2x	1.6x
Q4 24	0.1x	1.2x
Q1 25	0.2x	1.5x
Q2 25	0.2x	1.6x
Q3 25	0.2x	1.9x
Q4 25	0.2x	1.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	-$164.5K	-$183.8K
Q2 18	-$164.5K	-$183.8K
Q2 20	$0	-$583.3K
Q3 20	$0	$0
Q1 23	$0	$0
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q1 18	$19.3K
Q2 18	$19.3K
Q2 20	$583.3K
Q3 20	$0
Q1 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+266.4%	+219.8%
Q2 21	+183.7%	+179.0%
Q3 21	+141.0%	+205.6%
Q1 22	+54.7%	+61.4%
Q2 22	+1.7%	-6.7%
Q1 23	+19.9%	-7.2%
Q3 23	+1.0%	-27.0%
Q4 23	+3.2%	-1.2%
Q1 24	+1.9%	+4.6%
Q2 24	-18.9%	-5.9%
Q3 24	-8.4%	-1.1%
Q4 24	-7.1%	-4.7%
Q1 25	-10.5%	-13.2%
Q2 25	-6.9%	-8.0%
Q3 25	-14.5%	-14.0%
Q4 25	-19.2%	-17.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$0	—
Q2 18	$0	—
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q1 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$309.5K	0.8%
Q1 24	$123.3K	0.4%
Q2 24	$118.5K	0.4%
Q3 24	$89.9K	0.3%
Q4 24	$80.9K	0.2%
Q1 25	$34.8K	0.1%
Q2 25	$12.7K	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 21	$12M	$3M	$8M	—
Q2 21	$14M	$3M	$7M	—
Q3 21	$19M	$4M	$10M	—
Q1 22	$14M	$4M	$5M	—
Q2 22	$11M	$4M	$5M	—
Q1 23	$9M	$4M	$6M	—
Q3 23	$10M	$4M	$8M	—
Q4 23	$10M	$4M	$9M	—
Q1 24	$10M	$4M	$8M	—
Q2 24	$8M	$4M	$7M	—
Q3 24	$9M	$3M	$9M	—
Q4 24	$9M	$4M	$8M	—
Q1 25	$8M	$4M	$6M	—
Q2 25	$8M	$3M	$6M	—
Q3 25	$8M	$3M	$7M	—
Q4 25	$6M	—	—	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$105M	$11M	$116M
Q2 22	$104M	$22M	$125M
Q3 22	$128M	$10M	$139M
Q4 22	$153M	$0	$153M
Q1 23	$135M	$16M	$151M
Q2 23	$141M	$20M	$161M
Q3 23	$152M	$20M	$172M
Q4 23	$177M	$0	$177M
Q1 24	$130M	$35M	$165M
Q2 24	$134M	$31M	$165M
Q3 24	$95M	$76M	$171M
Q4 24	$164M	$7M	$171M
Q1 25	$164M	$0	$164M
Q2 25	$88M	$72M	$161M
Q3 25	$75M	$89M	$165M
Q4 25	$168M	$0	$168M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	11M	0.0%	0.0%
Q2 21	11M	+2.5%	+2.5%
Q3 21	11M	-2.5%	0.0%
Q1 22	11M	+1.4%	+1.4%
Q2 22	11M	-0.2%	+1.2%
Q1 23	11M	+0.1%	-1.2%
Q3 23	11M	+1.4%	+2.7%
Q4 23	11M	-0.0%	+1.3%
Q1 24	11M	-0.1%	+1.4%
Q2 24	11M	-0.7%	+0.5%
Q3 24	11M	-0.5%	-1.4%
Q4 24	11M	-0.1%	-1.4%
Q1 25	11M	-0.1%	-1.5%
Q2 25	11M	-0.8%	-1.5%
Q3 25	11M	-0.1%	-1.1%
Q4 25	11M	-0.2%	-1.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$40.5K	817
Q2 21	$39.6K	817
Q3 21	$46.3K	817
Q1 22	$31.7K	1K
Q2 22	$30.1K	1K
Q1 23	$50.3K	770
Q3 23	$49.6K	770
Q4 23	$46.7K	783
Q1 24	$43.9K	783
Q2 24	$40.1K	783
Q3 24	$44.7K	783
Q4 24	$47.0K	723
Q1 25	$42.5K	723
Q2 25	$40.5K	723
Q3 25	$41.4K	723
Q4 25	$38.0K	723

Revenue / Employee