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IH

iHuman Inc.

IH

iHuman Inc. • NYSE
$2.85 ▲ 3.26% (+0.09)
Market Cap $29.59 M
52w High $3.60
52w Low $1.55
Dividend Yield 0.09%
P/E 9.83
Volume 8.94K
Outstanding Shares 10.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $200.162M ▼ $116.259M ▼ $31.889M ▲ 15.932% ▲ $3.1 ▲ $19.489M ▼
Q1-2025 $210.439M ▼ $122.179M ▼ $26.518M ▲ 12.601% ▲ $2.55 $21.597M ▲
Q4-2024 $232.684M ▼ $141.523M ▼ $26.481M ▲ 11.381% ▲ $2.55 ▲ $14.918M ▼
Q3-2024 $239.407M ▲ $143.168M ▲ $25.143M ▲ 10.502% ▼ $2.4 ▲ $20.698M ▼
Q2-2024 $215.107M $132.908M $24.663M 11.465% $2.35 $21.75M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.1B ▼ $1.335B ▼ $365.696M ▼ $969.392M ▲
Q1-2025 $1.119B ▼ $1.372B ▼ $431.146M ▼ $941.045M ▼
Q4-2024 $1.169B ▲ $1.42B ▼ $458.796M ▼ $960.845M ▲
Q3-2024 $1.169B ▲ $1.421B ▲ $494.315M ▲ $926.332M ▲
Q2-2024 $1.129B $1.359B $449.784M $909.086M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $26.518M ▲ $0 $0 $0 $0 $0
Q4-2024 $26.481M ▲ $0 $0 $0 $0 $0
Q3-2024 $25.143M ▲ $0 $0 $0 $0 $0
Q2-2024 $24.663M ▲ $0 $0 $0 $0 $0
Q1-2024 $22.302M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement The business has moved from small losses to steady profitability over the last few years. Revenue has grown meaningfully since listing, but more recently it looks more flat than fast‑growing, with a slight step back in the latest year. Profit margins have improved a lot versus the early years, showing better cost control and scale, but earnings also dipped from their peak, suggesting that growth and profitability are still a bit fragile. Overall, it looks like a modestly sized company that has proven it can make money, but not yet one with clear, strong, consistent growth momentum.

Balance Sheet

Balance Sheet The balance sheet looks conservative and cash‑heavy. Cash makes up a large portion of total assets, and debt is almost negligible, which points to low financial risk and good flexibility to fund operations and product development internally. Equity has built up over time, reflecting retained profits and a generally healthy capital base. There is no sign of a stretched or over‑levered balance sheet; the main question is how effectively that cash will be used to drive future growth rather than simply sitting idle.

Cash Flow

Cash Flow Cash generation is positive but somewhat uneven. The company has produced free cash flow each year, which is a clear strength, and its spending on equipment and capital projects is relatively light, consistent with a digital, asset‑light model. However, operating cash flow spiked one year and then fell back to more modest levels, hinting at one‑off working capital effects or timing benefits rather than a smooth upward trend. The pattern suggests the business can fund itself, but investors should not assume that the one standout cash flow year is the new normal.

Competitive Edge

Competitive Edge iHuman operates in a crowded and highly dynamic education‑technology space, but it has carved out a focused niche in early‑childhood intellectual development. Its long operating history in parenting and education, together with strong brand recognition in its target age group, gives it an edge over newer apps that lack trust with parents. The company’s large library of original content, integrated learning ecosystem (apps, smart devices, and offline materials), and gamified approach create switching costs for families once they are engaged. At the same time, it faces intense competition from other Chinese ed‑tech players and general entertainment apps, and must navigate a sensitive regulatory environment for children’s education and screen time, which can limit or reshape its offerings.

Innovation and R&D

Innovation and R&D Innovation is clearly at the core of iHuman’s strategy. It invests in advanced technologies—such as its own AI models, interactive 3D content, augmented reality, and data‑driven personalization—to keep its products engaging and differentiated. The AI Lab and tools like the Smart Coder course show that the company is not simply licensing generic technology but building its own capabilities. It also experiments with new formats, from literacy apps and coding to animated series and themed content using well‑known entertainment brands. Looking ahead, ongoing R&D spending, deeper use of AI, and pushing its IP and apps into overseas markets are the main levers for growth. The key risk is whether these investments translate into sustained user adoption and monetization, especially outside China, where brand recognition is weaker.

Summary

Financially, iHuman looks like a small, profitable, cash‑rich ed‑tech company with low balance‑sheet risk and consistently positive, if sometimes lumpy, cash flow. Strategically, it has built a defensible position in early‑childhood learning by combining proprietary content, technology, and a multi‑product ecosystem, and it is leaning heavily into AI and interactive media to stay ahead. The big opportunities lie in deepening monetization of its existing user base and expanding internationally through both apps and media IP. The main uncertainties are the pace of growth from here, the impact of Chinese education and content regulations, competitive pressure from larger platforms, and execution risk in turning strong innovation and cash reserves into durable, scalable global revenue.

NEWS

November 24, 2025 · 7:01 AM UTC

iHuman to Present at Noble Capital Markets' 21st Annual Emerging Growth Equity Conference

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September 18, 2025 · 4:30 AM UTC

iHuman Inc. Announces Second Quarter 2025 Unaudited Financial Results

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September 18, 2025 · 4:00 AM UTC

iHuman and Cricket Media Team Up to Launch Reading Stars

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