IHNYSEServices-Educational ServicesFiscal year ends December 31
iHuman Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026
$1.16+0.00 (0.00%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
67.9%−0.8 pts over 5 years
Operating margin
8.3%+16.6 pts over 5 years
Net margin
11.8%+18.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.5% | -6.4% | +8.7% | – | |
| Gross profit | -14.5% | -7.5% | +8.4% | – | |
| Operating income | -7.2% | -15.7% | – | – | |
| Net income | -3.2% | -4.6% | – | – | |
| EPS, diluted | 0.0% | -4.2% | – | – | |
| Free cash flow | -9.2% | -36.6% | -25.9% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -14.8% | 9.8% | |
| Return on assets | – | -6.2% | 6.8% | |
| Current ratio | – | 2.56 | 3.57 | |
| Inventory turnover | – | 8.9× | 11.6× | |
| Capex to revenue | – | 3.0% | 0.6% | |
| Diluted shares | – | 226M | 268M |
Where the cash went
Fiscal 2021 to 2025, five years combined
iHuman generated CN¥508.66M from operations and spent CN¥175.57M on capital expenditure, dividends and share buybacks. 33% of that went back into the business.
Generated
CN¥508.66M
Used
CN¥175.57M
Capital expenditureCN¥57.73M33%DividendsCN¥74.36M42%Share buybacksCN¥43.48M25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.8%
×Asset turnover0.58×
×Equity multiplier1.43×
=Return on equity, FY20259.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.8% | 0.58× | 1.43× | 9.8% |
| FY2024 | 10.7% | 0.64× | 1.50× | 10.3% |
| FY2023 | 17.8% | 0.73× | 1.61× | 20.9% |
| FY2022 | 11.1% | 0.81× | 1.77× | 15.9% |
| FY2021 | -3.9% | 0.88× | 1.72× | -5.9% |
| FY2020 | -7.0% | 0.88× | 2.40× | -14.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zeroCN¥95.40M
- Cash generatingOperating cash flow above zeroCN¥51.32M
- Return on assets improvedROA up on the prior year6.8% → 6.7%
- Earnings backed by cashOperating cash flow above net incomeCN¥51.32M vs CN¥95.40M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.98 → 3.57
- No dilutionShare count did not rise271M → 268M
- Gross margin improvedGross margin up on the prior year69.42% → 67.86%
- More efficientAsset turnover rose0.64 → 0.57