Here Group Limited Reports Impressive Q1 Fiscal Results

Here Group Limited's Financial Results Highlights

Here Group Limited (NASDAQ: HERE) has revealed its unaudited financial results for the first quarter of Fiscal Year 2026, showcasing significant achievements and advancements within its pop toy business. This critical report encompasses the financial period from July 1 to September 30, 2025, marking a pivotal moment for the company.

Strategic Business Shift and Operational Highlights

After concluding the Disposal of its Established Business on September 30, 2025, Here Group Limited has decisively shifted its focus to enhancing its core activities within the pop toy market. The recent legal name change from QuantaSing Group Limited to Here Group Limited emphasizes this transformation, which aims to fortify brand identity and market positioning.

Strong Revenue Growth

During the first quarter, Here Group Limited reported revenues of RMB127.1 million (approximately US$17.9 million), representing a remarkable increase of 93.3% compared to the prior quarter. This growth indicates the effective implementation of the company’s pop toy strategy and suggests a considerable demand surge for its products.

Continued Investment in Growth

Despite recording a net loss from continuing operations of RMB25.8 million (US$3.6 million), there was a notable adjustment in financial performance metrics. The adjusted net loss in this quarter was RMB17.1 million (US$2.4 million), which reflects a downward trend from RMB19.3 million in the previous quarter. This improvement signifies operational efficiency gains and cost management efforts.

Focus on Intellectual Property and Market Expansion

The company has made strides in expanding its intellectual property portfolio, amassing a total of 17 IPs as of the end of September 2025. This collection includes 11 proprietary IPs and several exclusives, highlighting the company’s commitment to creativity and innovation in the pop toy sector.

CEO Insights on Future Directions

CEO Mr. Peng Li articulated the company’s ambitions: “This quarter marks a historic milestone for Here, as we proudly present our first earnings call. The impressive revenue growth reaffirms our dedicated focus on the pop toy market. Our strategic initiatives are increasingly resonating with collectors and consumers alike. We are optimistic about leveraging IP development and enhancing our omnichannel growth strategy to secure a competitive advantage.”

Financial Projections and Outlook

Looking ahead, Here Group Limited is confidently forecasting second quarter revenues between RMB150.0 million and RMB160.0 million. For the full fiscal year 2026, expected revenues are projected to reach between RMB750.0 million and RMB800.0 million. These forecasts underline the management team's positive outlook on growth trajectories influenced by consumer trends and operational advancements.

Commitment to Shareholder Value

The implementation of a new share repurchase program, allowing the repurchase of up to US$20.0 million in Class A ordinary shares, further demonstrates the company’s commitment to returning value to shareholders. This aligns with management’s long-term vision of building a robust and sustainable enterprise.

Frequently Asked Questions

What were the key financial highlights for Here Group Limited?

Here Group Limited reported a revenue of RMB127.1 million for Q1 FY 2026, marking a 93.3% increase from the previous quarter.

What is the focus of Here Group Limited moving forward?

The company is focused on expanding its pop toy business and enhancing its intellectual property portfolio, aiming for greater market presence and revenue growth.

How has the leadership at Here Group Limited changed recently?

The company has officially changed its name from QuantaSing Group Limited to Here Group Limited, reflecting its strategic shift to focus on pop toys.

What are the company’s revenue expectations for the next quarter?

Here Group Limited expects revenues between RMB150.0 million and RMB160.0 million for Q2 FY 2026, based on market conditions.

Are there any plans for shareholder returns?

Yes, the company has initiated a share repurchase program to buy back up to US$20.0 million in shares, reinforcing its commitment to enhancing shareholder value.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.