Ambow Education Holding Ltd. (NYSE American: AMBO) announced its unaudited financial results for the third quarter and first nine months of 2026 on November 10, 2026. The company reported a 21.4% increase in net revenues for the third quarter to $1.7 million, driven by growth in both its educational programs and services and its HybriU technology licensing and sales segments.
For the nine months ended September 30, 2026, net revenues increased 6.2% year-over-year to $6.9 million. Revenue from educational programs and services rose to $5.3 million, while HybriU licensing and sales remained steady at $1.5 million.
Ambow noted that the company increased its combined selling, marketing, and research and development expenses by $0.5 million during the first nine months of 2026 to support the commercial launches of HybriU Events On Demand and the AI-Driven Adaptive Course Generator. These investments were partially offset by a decrease in general and administrative expenses of 8.7% to $2.1 million for the same period.
Despite the revenue growth, the company reported an operating loss of $0.8 million for the third quarter of 2026, compared to an operating loss of $0.6 million in the prior year. For the first nine months of 2026, the operating loss widened to $0.5 million from $0.2 million in the prior year. The company attributed the increased losses to higher growth investments and a $161,000 non-cash impairment loss on construction in progress recognized in the second quarter.
On the balance sheet, Ambow reported cash, restricted cash, and short-term investments totaling $6.1 million as of September 30, 2026. The company also noted a reduction in total liabilities to $10.4 million from $12.5 million as of December 31, 2025. Net cash used in operating activities for the first nine months of 2026 decreased by approximately 50% to $0.7 million from $1.4 million in the prior year.
In a subsequent event, Ambow announced that its HybriU product will be exhibited at CES 2027 from January 6 through 9, 2027, at Booth #10308 in the Las Vegas Convention Center North Hall.
