17 Education & Technology Group Inc. Announces First Quarter 2026 Unaudited Financial Results

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• The substantial revenue growth in Q1 2026 was primarily driven by the continued expansion of Yiqi Aixue, together with ongoing contributions from district-level and school-based projects.

  60% confidence

• Gross margin improvement to 61.9% in Q1 2026 was primarily attributable to the growing contribution of AI-powered application services and continued optimization of revenue mix.

  60% confidence

• Revenue growth, disciplined cost management, and improving operating leverage contributed to a 37.4% year-over-year and 63.5% quarter-over-quarter reduction in GAAP net loss in Q1 2026.

  60% confidence

• The exchange rate used for USD/RMB translation is US$1.00 = RMB6.8980, representing the noon buying rate from the U.S. Federal Reserve Board H.10 statistical release as of March 31, 2026.

  60% confidence

• 17EdTech will continue investing in AI-powered application services that support intelligent teaching and personalized learning, which will strengthen the product ecosystem and serve as a key driver of long-term growth.

  60% confidence

• Revenue more than quadrupled year-over-year and increased by 155% sequentially in Q1 2026, primarily driven by the growth of Yiqi Aixue, the consumer-facing AI application service for personalized learning.

  60% confidence

• The Company maintained a strong cash position of RMB352.4 million (US$51.1 million) as of March 31, 2026, providing financial flexibility to support future product innovation and strategic initiatives.

  60% confidence

• 17EdTech will continue to allocate capital prudently while investing in the long-term development of its AI-powered application service portfolio.

  60% confidence

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