Sound Group Inc. Reports Unaudited Financial Results for the Second Half and Fiscal Year 2025
Rhea-AI Summary
Sound Group (NASDAQ: SOGP) reported unaudited results for the six months and fiscal year ended Dec 31, 2025, showing strong recovery: FY 2025 net revenues RMB3,102.8M (+53% YoY) and net income RMB220.6M versus a loss in 2024. The board approved a special cash dividend ≈US$5M payable ~May 12, 2026.
Gross margin improved to 29%, operating income turned positive, and cash and restricted cash totaled RMB659.9M at year-end.
AI-generated analysis. Not financial advice.
Positive
- Net revenues +53% FY to RMB3,102.8 million
- Return to profitability: FY net income RMB220.6 million
- Gross margin improved to 29% in 2025
- Operating income RMB217 million for FY 2025
- Special cash dividend approved totaling ~US$5 million
- Cash balance RMB659.9 million as of Dec 31, 2025
Negative
- Cost of revenues rose 49% YoY to RMB2,197.6 million
- Selling and marketing expenses increased 13% to RMB347.7 million
- R&D expenses increased in H2 and FY (up to RMB240.2 million)
- Operating expenses still rose 6% YoY to RMB688.2 million
News Market Reaction – SOGP
On the day this news was published, SOGP gained 2.49%, reflecting a moderate positive market reaction. Argus tracked a peak move of +34.4% during that session. Argus tracked a trough of -14.2% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $2M to the company's valuation, bringing the market cap to $97.76M at that time. Trading volume was exceptionally heavy at 49.3x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SOGP was down 1.32% pre-news, while peers were mixed: BZFD (-3.04%), MNY (-2.94%), TZOO (-1.74%), ASST (-6.72%), and CCG (+14.11%), pointing to stock-specific factors.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Aug 28 | Earnings – H1 2025 | Positive | +228.9% | Strong H1 2025 growth, margin improvement, return to profit, capital returns. |
| Dec 13 | Earnings – H1 2024 | Negative | +0.3% | Revenue decline, net loss, margin compression and MAU softness. |
Earnings releases have often coincided with sharp moves, including one very large upside reaction to strong results.
Recent earnings history shows a clear turnaround. In H1 2024, SOGP reported declining revenues and a net loss with shrinking margins. By H1 2025, it delivered strong revenue growth, improved gross margin to 29%, and returned to profitability, alongside a buyback and special dividend. Today’s FY 2025 release extends that trend with higher growth, full-year profitability, and another special dividend, reinforcing the shift from contraction to expansion.
Historical Comparison
Past earnings headlines saw large average moves of 114.63%, especially when reporting a sharp swing from losses to profit and paired with dividends or buybacks.
Earnings have progressed from revenue declines and losses in H1 2024 to strong growth and profitability in H1 2025, culminating in FY 2025 full-year profit and a special cash dividend.
Market Pulse Summary
This announcement highlights robust FY 2025 growth, a clear shift to profitability, and a special cash dividend totaling about US$5 million, extending prior capital return actions. Earnings-tagged history shows that inflection points in revenue and margins have been important drivers for SOGP. Investors tracking this story may focus on sustaining the 29% gross margin, ongoing AI-driven growth, and whether future dividends or buybacks continue alongside investment in new products.
Key Terms
non-gaap financial
gross margin financial
operating income financial
ads financial
restricted cash financial
net income per ads financial
AI-generated analysis. Not financial advice.
SINGAPORE, March 31, 2026 (GLOBE NEWSWIRE) -- Sound Group Inc. (NASDAQ: SOGP) (“SOGP” or the “Company” or “We”), a global AI-powered audio company, today announced its unaudited financial results for the six months and fiscal year ended December 31, 2025.
Second Half 2025 Financial and Operational Highlights
- Net revenues were RMB1,745.1 million (US
$249.5 million ), representing a58% increase from RMB1,107.8 million for the same period last year. - Net income was RMB153.1 million (US
$21.9 million ), compared with a net loss of RMB44.5 million for the same period last year.
Fiscal Year 2025 Financial and Operational Highlights
- Net revenues were RMB3,102.8 million (US
$443.7 million ), representing a53% increase from RMB2,031.8 million in 2024. - Net income was RMB220.6 million (US
$31.6 million ), compared with a net loss of RMB81.0 million in 2024.
Mr. Jinnan (Marco) Lai, Founder and CEO of SOGP, commented, “2025 was a remarkable year for Sound Group, highlighted by a
“Throughout the year, we enhanced user engagement by expanding our audio content offerings while actively deploying AI technologies to optimize operational efficiency and drive product innovation. In addition, we accelerated the development of our international AI initiatives and further advanced our capabilities in voice AI technologies, including automatic speech recognition, speech synthesis, and real-time audio intelligence. Leveraging our deep expertise in the audio industry, we developed the SoundSphere technology system to power future AI-driven applications. In January 2026, we officially launched SoundSphereAI, a platform that showcases our technological capabilities and ongoing development within the SoundSphere ecosystem. Looking ahead, we will continue strengthening our technology, product, and data flywheel to deliver sustainable, long-term value to our stakeholders. We believe that the combination of strong underlying infrastructure, growing international traction, and a clear product roadmap will provide a solid foundation for long-term value creation.”
Ms. Chengfang Lu, Acting CFO of SOGP, said, “We delivered a strong financial performance in 2025, with significant top-line growth and a return to profitability, reflecting the disciplined execution of our strategy and continued improvements in operational efficiency. To recognize our shareholders’ continued support and reaffirm our commitment to returning value, the Board of Directors has declared a special cash dividend of approximately US
Second Half 2025 Unaudited Financial Results
Net revenues were RMB1,745.1 million (US
Cost of revenues were RMB1,232.0 million (US
Gross profit was RMB513.1 million (US
Non-GAAP gross profit1 was RMB513.4 million (US
Gross margin was
Non-GAAP gross margin was
Operating expenses were RMB359.3 million (US
Research and development expenses were RMB118.8 million (US
Selling and marketing expenses were RMB194.3 million (US
General and administrative expenses were RMB46.1 million (US
Operating income was RMB153.8 million (US
Non-GAAP operating income2 was RMB155.6 million (US
Net income was RMB153.1 million (US
Non-GAAP net income3 was RMB154.8 million (US
Net income attributable to Sound Group Inc.’s ordinary shareholders was RMB155.9 million (US
__________________________
1 Non-GAAP gross profit is a non-GAAP financial measure, which is defined as gross profit excluding share-based compensation expenses. This adjustment amounted to RMB0.3 million (US
2 Non-GAAP operating income is a non-GAAP financial measure, which is defined as operating income excluding share-based compensation expenses. This adjustment amounted to RMB1.7 million (US
3 Non-GAAP net income is a non-GAAP financial measure, which is defined as net income excluding share-based compensation expenses. These adjustments amounted to RMB1.7 million (US
Non-GAAP net income attributable to Sound Group Inc.’s ordinary shareholders4 was RMB157.7 million (US
Basic and diluted net income per ADS5 were RMB33.16 and RMB33.05 (US
Non-GAAP basic and diluted net income per ADS6 were RMB33.53 and RMB33.42 (US
Fiscal Year 2025 Unaudited Financial Results
Net revenues were RMB3,102.8 million (US
Cost of revenues were RMB2,197.6 million (US
Gross profit was RMB905.2 million (US
Non-GAAP gross profit7 was RMB905.7 million (US
Gross margin in 2025 was
Non-GAAP gross margin in 2025 was
Operating expenses were RMB688.2 million (US
Research and development expenses were RMB240.2 million (US
Selling and marketing expenses were RMB347.7 million (US
_____________________________
4 Non-GAAP net income attributable to Sound Group Inc.’s ordinary shareholders is a non-GAAP financial measure, which is defined as net income attributable to Sound Group Inc.’s ordinary shareholders, excluding share-based compensation expenses. These adjustments amounted to RMB1.7 million (US
5 ADS refers to American Depositary Share. Each ADS represents two hundred Class A ordinary shares of the Company. Basic and diluted net income/(loss) per ADS is net loss attributable to Sound Group Inc.’s ordinary shareholders divided by the weighted average number of ADS.
6 Non-GAAP basic and diluted net loss per ADS is a non-GAAP financial measure, which is defined as non-GAAP net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders divided by the weighted average number of ADS used in the calculation of basic and diluted net loss per ADS.
7 Non-GAAP gross profit is a non-GAAP financial measure, which is defined as gross profit excluding share-based compensation expenses. This adjustment amounted to RMB0.6 million (US
General and administrative expenses were RMB100.3 million (US
Operating income was RMB217 million (US
Non-GAAP operating income8 was RMB221.5 million (US
Net income was RMB220.6 million (US
Non-GAAP net income9 was RMB225.2 million (US
Net income attributable to Sound Group Inc.’s ordinary shareholders was RMB226.5 million (US
Non-GAAP net income attributable to Sound Group Inc.’s ordinary shareholders10 was RMB231 million (US
Basic and diluted net income per ADS were RMB48.15 and RMB48.01 (US
Non-GAAP basic and diluted net income per ADS were RMB49.12 and RMB48.96 (US
Balance Sheet
As of December 31, 2025, the Company had cash and cash equivalents and restricted cash of RMB659.9 million (US
Special Cash Dividend
The Company’s Board of Directors approved a special cash dividend of US
_________________________
8 Non-GAAP operating income is a non-GAAP financial measure, which is defined as operating income excluding share-based compensation expenses. This adjustment amounted to RMB4.5 million (US
9 Non-GAAP net income is a non-GAAP financial measure, which is defined as net income excluding share-based compensation expenses. These adjustments amounted to RMB4.5 million (US
10 Non-GAAP net income attributable to Sound Group Inc.’s ordinary shareholders is a non-GAAP financial measure, which is defined as net income attributable to Sound Group Inc.’s ordinary shareholders, excluding share-based compensation expenses. These adjustments amounted to RMB4.5 million (US
About Sound Group Inc.
Sound Group Inc. (NASDAQ: SOGP) is a global AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that is driving continuous innovation and accelerating its global expansion. Sound Group Inc. has been listed on Nasdaq since January 2020.
For more information, please visit: https://ir.soundgroupinc.com/
Use of Non-GAAP Financial Measures
The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
SOGP uses non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss/income, non-GAAP net loss/income, non-GAAP net loss/income attributable to Sound Group Inc.’s ordinary shareholders and non-GAAP basic and diluted net loss/income per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation expenses. Non-GAAP gross margin is non-GAAP gross profit as a percentage of net revenues. Non-GAAP operating loss/income is operating loss/income excluding share-based compensation expenses. Non-GAAP net loss/income is net loss/income, excluding share-based compensation expenses. Non-GAAP net loss/income attributable to Sound Group Inc.’s ordinary shareholders is net loss/income attributable to Sound Group Inc.’s ordinary shareholders, excluding share-based compensation expenses. Non-GAAP basic and diluted net loss/income per ADS is non-GAAP net loss/ income attributable to Sound Group Inc.’s ordinary shareholders divided by the weighted average number of ADS used in the calculation of basic and diluted net loss/income per ADS. The Company believes that separate analysis and exclusion of the non-cash impact of the above reconciling item adds clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance without the non-cash effect of share-based compensation expenses.
However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures in isolation from, superior to, or as an alternative to the financial measure prepared in accordance with U.S. GAAP.
The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” near the end of this release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.9931 to US
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, results of operations and financial condition; the expected growth of the online audio market; the expectation regarding the rate at which to gain active users, especially paying users; the Company’s ability to monetize the user base; fluctuations in general economic and business conditions in China and overseas markets; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
Sound Group Inc.
IR Department
E-mail: ir@soundgroupinc.com
Christensen Advisory
E-mail: soundgroup@christensencomms.com
| Sound Group Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share, ADS, per share data and per ADS data) | |||||
| December 31, 2024 | December 31, 2025 | December 31, 2025 | |||
| RMB | RMB | US$ | |||
| ASSETS | |||||
| Current assets | |||||
| Cash and cash equivalents | 441,858 | 655,058 | 93,672 | ||
| Restricted cash | 11,305 | 4,844 | 693 | ||
| Accounts receivable, net | 1,082 | 972 | 139 | ||
| Prepayments and other current assets | 35,106 | 49,683 | 7,105 | ||
| Total current assets | 489,351 | 710,557 | 101,609 | ||
| Non-current assets | |||||
| Property, equipment and leasehold improvement, net | 16,491 | 12,070 | 1,726 | ||
| Intangible assets, net | 1,176 | 879 | 126 | ||
| Right-of-use assets, net | 12,692 | 23,572 | 3,371 | ||
| Other non-current assets | 1,730 | 2,536 | 363 | ||
| Total non-current assets | 32,089 | 39,057 | 5,586 | ||
| TOTAL ASSETS | 521,440 | 749,614 | 107,195 | ||
| LIABILITIES | |||||
| Current liabilities | |||||
| Accounts payable | 39,379 | 58,751 | 8,401 | ||
| Deferred revenue | 30,960 | 38,240 | 5,468 | ||
| Salary and welfare payable | 131,186 | 176,216 | 25,199 | ||
| Taxes payable | 7,267 | 9,203 | 1,316 | ||
| Short-term loans | 7,188 | - | - | ||
| Lease liabilities due within one year | 8,240 | 14,619 | 2,090 | ||
| Accrued expenses and other current liabilities | 78,491 | 68,327 | 9,772 | ||
| Total current liabilities | 302,711 | 365,356 | 52,246 | ||
| Non-current liabilities | |||||
| Lease liabilities | 4,424 | 9,962 | 1,425 | ||
| Total non-current liabilities | 4,424 | 9,962 | 1,425 | ||
| TOTAL LIABILITIES | 307,135 | 375,318 | 53,671 | ||
| Sound Group Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts in thousands, except for share, ADS, per share data and per ADS data) | ||||||||
| December 31, 2024 | December 31, 2025 | December 31, 2025 | ||||||
| RMB | RMB | US$ | ||||||
| SHAREHOLDERS’ EQUITY | ||||||||
| Class A Ordinary shares (US shares issued and 600,638,350 shares outstanding as of December 31, 2025). | 557 | 422 | 60 | |||||
| Class B Ordinary shares (US | 168 | 168 | 24 | |||||
| Treasury stock | (10,182 | ) | (10,156 | ) | (1,452 | ) | ||
| Additional paid in capital | 2,703,147 | 2,678,350 | 382,999 | |||||
| Statutory reserves | 2,605 | 14,392 | 2,058 | |||||
| Accumulated deficit | (2,490,809 | ) | (2,314,891 | ) | (331,025 | ) | ||
| Accumulated other comprehensive income | 29,803 | 32,777 | 4,687 | |||||
| TOTAL SOGP Inc.’s shareholders’ equity | 235,289 | 401,062 | 57,351 | |||||
| Non-controlling interests | (20,984 | ) | (26,766 | ) | (3,827 | ) | ||
| TOTAL SHAREHOLDERS’ EQUITY | 214,305 | 374,296 | 53,524 | |||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 521,440 | 749,614 | 107,195 | |||||
| Sound Group Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (All amounts in thousands, except for share, ADS, per share data and per ADS data) | ||||||||||||||||||||
| Six Months Ended | Twelve Months Ended | |||||||||||||||||||
| December | June 30, | December | December | December | December | December | ||||||||||||||
| 31, 2024 | 2025 | 31, 2025 | 31, 2025 | 31, 2024 | 31, 2025 | 31, 2025 | ||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||||||
| Net revenues | ||||||||||||||||||||
| Value-added Services | 1,100,551 | 1,341,392 | 1,715,034 | 245,247 | 2,018,598 | 3,056,426 | 437,063 | |||||||||||||
| Subscription and others | 7,276 | 16,282 | 30,046 | 4,297 | 13,208 | 46,328 | 6,625 | |||||||||||||
| Total net revenues | 1,107,827 | 1,357,674 | 1,745,080 | 249,544 | 2,031,806 | 3,102,754 | 443,688 | |||||||||||||
| Cost of revenues (1) | (797,307 | ) | (965,618 | ) | (1,231,977 | ) | (176,170 | ) | (1,474,948 | ) | (2,197,595 | ) | (314,252 | ) | ||||||
| Gross profit | 310,520 | 392,056 | 513,103 | 73,374 | 556,858 | 905,159 | 129,436 | |||||||||||||
| Operating expenses (1) | ||||||||||||||||||||
| Selling and marketing expenses | (184,089 | ) | (153,390 | ) | (194,300 | ) | (27,785 | ) | (307,281 | ) | (347,690 | ) | (49,719 | ) | ||||||
| General and administrative expenses | (62,063 | ) | (54,119 | ) | (46,135 | ) | (6,597 | ) | (106,587 | ) | (100,254 | ) | (14,336 | ) | ||||||
| Research and development expenses | (109,792 | ) | (121,390 | ) | (118,823 | ) | (16,991 | ) | (232,693 | ) | (240,213 | ) | (34,350 | ) | ||||||
| Total operating expenses | (355,944 | ) | (328,899 | ) | (359,258 | ) | (51,373 | ) | (646,561 | ) | (688,157 | ) | (98,405 | ) | ||||||
| Operating (loss)/income | (45,424 | ) | 63,157 | 153,845 | 22,001 | (89,703 | ) | 217,002 | 31,031 | |||||||||||
| Interest expense | (218 | ) | (28 | ) | - | - | (416 | ) | (28 | ) | (4 | ) | ||||||||
| Foreign exchange gains/(losses) | (2,435 | ) | 573 | (1,595 | ) | (228 | ) | (4,209 | ) | (1,022 | ) | (146 | ) | |||||||
| Interest income and investment income | 5,240 | 3,519 | 3,750 | 536 | 10,042 | 7,269 | 1,039 | |||||||||||||
| Government grants | 1,032 | 2,175 | 120 | 17 | 2,148 | 2,295 | 328 | |||||||||||||
| Others, net | (677 | ) | (653 | ) | (1,433 | ) | (205 | ) | 4,423 | (2,086 | ) | (298 | ) | |||||||
| (Loss)/income before income taxes | (42,482 | ) | 68,743 | 154,687 | 22,121 | (77,715 | ) | 223,430 | 31,950 | |||||||||||
| Income tax expenses | (2,014 | ) | (1,158 | ) | (1,623 | ) | (232 | ) | (3,261 | ) | (2,781 | ) | (398 | ) | ||||||
| Net (loss)/income | (44,496 | ) | 67,585 | 153,064 | 21,889 | (80,976 | ) | 220,649 | 31,552 | |||||||||||
| Net loss attributable to the non-controlling interests shareholders | 5,903 | 2,957 | 2,876 | 411 | 11,396 | 5,833 | 834 | |||||||||||||
| Net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders | (38,593 | ) | 70,542 | 155,940 | 22,300 | (69,580 | ) | 226,482 | 32,386 | |||||||||||
| Sound Group Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED) (All amounts in thousands, except for share, ADS, per share data and per ADS data) | |||||||||||||||||
| Six Months Ended | Twelve Months Ended | ||||||||||||||||
| December 31, | June 30, | December | December | December 31, | December | December | |||||||||||
| 2024 | 2025 | 31, 2025 | 31, 2025 | 2024 | 31, 2025 | 31, 2025 | |||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||
| Net (loss)/income | (44,496 | ) | 67,585 | 153,064 | 21,889 | (80,976 | ) | 220,649 | 31,552 | ||||||||
| Other comprehensive (loss)/ income: | |||||||||||||||||
| Foreign currency translation adjustments | 13,846 | 6,771 | (3,746 | ) | (536 | ) | 11,754 | 3,025 | 433 | ||||||||
| Total comprehensive (loss)/ income | (30,650 | ) | 74,356 | 149,318 | 21,353 | (69,222 | ) | 223,674 | 31,985 | ||||||||
| Comprehensive loss attributable to non-controlling interests shareholders | 5,987 | 2,945 | 2,837 | 406 | 11,522 | 5,782 | 827 | ||||||||||
| Comprehensive (loss)/income attributable to Sound Group Inc.’s ordinary shareholders | (24,663 | ) | 77,301 | 152,155 | 21,759 | (57,700 | ) | 229,456 | 32,812 | ||||||||
| Net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders per share | |||||||||||||||||
| —Basic | (0.04 | ) | 0.07 | 0.17 | 0.02 | (0.07 | ) | 0.24 | 0.03 | ||||||||
| —Diluted | (0.04 | ) | 0.07 | 0.17 | 0.03 | (0.07 | ) | 0.24 | 0.03 | ||||||||
| Weighted average number of ordinary shares | |||||||||||||||||
| —Basic | 1,026,725,421 | 1,027,216,172 | 940,645,994 | 940,645,994 | 1,026,725,421 | 940,645,994 | 940,645,994 | ||||||||||
| —Diluted | 1,026,725,421 | 1,027,216,172 | 943,559,133 | 943,559,133 | 1,026,725,421 | 943,559,133 | 943,559,133 | ||||||||||
Net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders per ADS
| —Basic | (7.52 | ) | 13.73 | 33.16 | 4.74 | (13.55 | ) | 48.15 | 6.89 | ||||||||
| —Diluted | (7.52 | ) | 13.73 | 33.05 | 4.73 | (13.55 | ) | 48.01 | 6.86 | ||||||||
| Weighted average number of ADS | |||||||||||||||||
| —Basic | 5,133,627 | 5,136,081 | 4,703,230 | 4,703,230 | 5,133,627 | 4,703,230 | 4,703,230 | ||||||||||
| —Diluted | 5,133,627 | 5,136,081 | 4,717,796 | 4,717,796 | 5,133,627 | 4,717,796 | 4,717,796 | ||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED) (All amounts in thousands, except for share, ADS, per share data and per ADS data) |
(1) Share-based compensation was allocated in cost of revenues and operating expenses as follows:
Six Months Ended | Twelve Months Ended | ||||||||||||
| December | June 30, | December | December | December | December | December | |||||||
| 31, 2024 | 2025 | 31, 2025 | 31, 2025 | 31, 2024 | 31, 2025 | 31, 2025 | |||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | |||||||
| Cost of revenues | 383 | 237 | 319 | 46 | 1,788 | 556 | 80 | ||||||
| Selling and marketing expenses | 44 | 59 | - | - | 994 | 59 | 8 | ||||||
| General and administrative expenses | 2,565 | 236 | 238 | 34 | 5,702 | 474 | 68 | ||||||
| Research and development expenses | 1,811 | 2,247 | 1,182 | 169 | 5,666 | 3,429 | 490 | ||||||
| Total | 4,803 | 2,779 | 1,739 | 249 | 14,150 | 4,518 | 646 | ||||||
| UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except for share, ADS, per share data and per ADS data) | |||||||||||||
| Six Months Ended | Twelve Months Ended | ||||||||||||
| December 31, | June 30, | December | December 31, | December | December | ||||||||
| 2024 | 2025 | 31, 2025 | 2024 | 31, 2025 | 31, 2025 | ||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
| Gross profit | 310,520 | 392,056 | 73,374 | 556,858 | 905,159 | 129,436 | |||||||
| Share-based compensation expenses | 383 | 237 | 46 | 1,788 | 556 | 80 | |||||||
| Non-GAAP gross profit | 310,903 | 392,293 | 73,420 | 558,646 | 905,715 | 129,516 | |||||||
| Operating (loss)/income | (45,424 | ) | 63,157 | 22,001 | (89,703 | ) | 217,002 | 31,031 | |||||
| Share-based compensation expenses | 4,803 | 2,779 | 249 | 14,150 | 4,518 | 646 | |||||||
| Non-GAAP operating (loss)/ income | (40,621 | ) | 65,936 | 22,250 | (75,553 | ) | 221,520 | 31,677 | |||||
| Net (loss)/income | (44,496 | ) | 67,585 | 21,889 | (80,976 | ) | 220,649 | 31,552 | |||||
| Share-based compensation expenses | 4,803 | 2,779 | 249 | 14,150 | 4,518 | 646 | |||||||
| Non-GAAP net (loss)/income | (39,693 | ) | 70,364 | 22,138 | (66,826 | ) | 225,167 | 32,198 | |||||
| Net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders | (38,593 | ) | 70,542 | 22,300 | (69,580 | ) | 226,482 | 32,386 | |||||
| Share-based compensation expenses | 4,803 | 2,779 | 249 | 14,150 | 4,518 | 646 | |||||||
| Non-GAAP net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders | (33,790 | ) | 73,321 | 22,549 | (55,430 | ) | 231,000 | 33,032 | |||||
| Non-GAAP net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders per share | |||||||||||||
| —Basic | (0.03 | ) | 0.07 | 0.02 | (0.05 | ) | 0.25 | 0.04 | |||||
| —Diluted | (0.03 | ) | 0.07 | 0.02 | (0.05 | ) | 0.24 | 0.04 | |||||
| Weighted average number of ordinary shares | |||||||||||||
| —Basic | 1,026,725,421 | 1,027,216,172 | 940,645,994 | 1,026,725,421 | 940,645,994 | 940,645,994 | |||||||
| —Diluted | 1,026,725,421 | 1,027,216,172 | 943,559,133 | 1,026,725,421 | 943,559,133 | 943,559,133 | |||||||
| Non-GAAP net (loss)/income attributable to Sound Group Inc.’s ordinary shareholders per ADS | |||||||||||||
| —Basic | (6.58 | ) | 14.28 | 4.79 | (10.80 | ) | 49.12 | 7.02 | |||||
| —Diluted | (6.58 | ) | 14.28 | 4.78 | (10.80 | ) | 48.96 | 7.00 | |||||
| Weighted average number of ADS | |||||||||||||
| —Basic | 5,133,627 | 5,136,081 | 4,703,230 | 5,133,627 | 4,703,230 | 4,703,230 | |||||||
| —Diluted | 5,133,627 | 5,136,081 | 4,717,796 | 5,133,627 | 4,717,796 | 4,717,796 | |||||||
