Ambow Education Holding Ltd. income statement
In fiscal 2025, Ambow Education Holding Ltd. reported revenue of $9.5m, up 0.8% on the year before, operating income of $112,000 (a 1.2% margin) and net income of $1.4m, or $0.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 108 | 165 | 243 | 216 | 188 | 66 | 63 | 62 | 66 | 77 | 84 | 82 | 18 | 15 | 9 | 9 | 9 |
| Cost of revenue | — | — | — | 138 | 123 | 44 | — | — | 39 | 49 | 56 | 59 | 15 | 15 | 7 | 4 | 4 |
| Gross profit | 56 | 94 | 138 | 78 | 66 | 22 | 24 | 26 | 28 | 28 | 28 | 22 | 2 | 0 | 2 | 5 | 5 |
| Research and development | — | — | — | 5 | 3 | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | — | 0 | 0 | 1 |
| Selling and marketing | — | — | — | 96 | 62 | 13 | 9 | 6 | 6 | 6 | 8 | 8 | 3 | 1 | 1 | 1 | 1 |
| General and administrative | — | — | — | 115 | 92 | 82 | 43 | 21 | 22 | 19 | 28 | 27 | 8 | 8 | 5 | 4 | 3 |
| Operating income | 14 | 31 | 31 | −275 | −105 | −122 | −57 | −7 | 0 | 2 | −14 | −19 | −9 | −9 | −4 | −1 | 0 |
| Interest expense | — | — | — | — | — | 20 | 9 | 0 | 0 | — | — | — | — | 0 | 0 | 0 | −0 |
| Income before tax | — | — | — | −277 | −110 | −165 | −61 | −4 | 9 | 7 | −13 | −10 | −7 | −9 | −3 | −1 | 1 |
| Income tax | — | — | — | −9 | −5 | 0 | −18 | 1 | 1 | 1 | 2 | 0 | −1 | — | 0 | −1 | 0 |
| Net income | 20 | 32 | 3 | −260 | −150 | −174 | 10 | −5 | 7 | 7 | −14 | −10 | 0 | −14 | −3 | 0 | 1 |
| Diluted EPS | — | — | — | — | — | — | — | −$2.80 | $3.49 | $3.20 | −$6.60 | −$4.40 | — | — | −$1.20 | $0.11 | $0.47 |
| Diluted shares (average) | 6m | 6m | 8m | 7m | 8m | — | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 3m | 3m | 3m |
| EBITDA | 24 | 48 | 52 | −253 | −84 | −108 | −49 | −3 | 4 | 6 | −10 | −14 | −8 | −9 | −4 | −1 | 0 |
| Quarter | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|
| Revenue | 2,314 | 2,766 | 2,799 | 2,393 |
| Cost of revenue | 978 | 1,291 | 1,113 | 1,163 |
| Gross profit | 1,336 | 1,475 | 1,686 | 1,230 |
| Research and development | 101 | 102 | 156 | 220 |
| Selling and marketing | 226 | 273 | 288 | 331 |
| General and administrative | 871 | 771 | 800 | 646 |
| Operating income | 138 | 329 | 442 | −128 |
| Interest expense | 12 | 29 | −16 | 5 |
| Income before tax | 109 | 1,822 | 434 | −142 |
| Income tax | — | 47 | 10 | 4 |
| Net income | 109 | 1,775 | 424 | −146 |
| Diluted EPS | $0.04 | $0.62 | $0.15 | −$0.05 |
| EBITDA | 144 | 329 | 465 | −102 |
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