BeijingMay 21, 2026 /PRNewswire/ — Scienjoy Holding Corporation (“Scienjoy,” NASDAQ: SJ) announced its unaudited financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Operational and Financial Highlights
- Revenue was RMB 282.6 million (approximately US$41.0 million), compared to RMB 307.3 million in the same period of 2025.
- Gross profit was RMB 50.2 million (approximately US$7.3 million), compared to RMB 59.5 million in the same period of 2025. Gross margin was 17.7%, compared to 19.4% in the same period of 2025.
- Operating profit was RMB 11.3 million (approximately US$1.6 million), compared to RMB 13.7 million in the same period of 2025.
- Net profit was RMB 7.6 million (approximately US$1.1 million), compared to a net loss of RMB 13.0 million in the same period of 2025.
- Net profit attributable to the Company’s shareholders was RMB 8.9 million (approximately US$1.3 million), compared to a net loss attributable to the Company’s shareholders of RMB 9.1 million in the same period of 2025.
- Adjusted net profit attributable to the Company’s shareholders was RMB 9.4 million (approximately US$1.4 million), compared to an adjusted net loss attributable to the Company’s shareholders of RMB 5.5 million in the same period of 2025.
- As of March 31, 2026, cash and cash equivalents were RMB 326.3 million (approximately US$47.3 million), an increase of RMB 18.7 million from RMB 307.7 million as of December 31, 2025.
Mr. Victor He, Chairman and CEO of Scienjoy, commented: “The Company’s turnaround to profitability in the first quarter of 2026 demonstrates the resilience of our core live streaming business and the effectiveness of our disciplined operational strategy. Our live streaming platform remains a significant source of cash flow, consistently providing stable cash flow and a user base to support future growth.”
“At the same time, we are accelerating our AI strategy targeting both consumer and enterprise markets. Through the upgraded version of AI Vista, AI Vista Live!, and broader AI initiatives, Scienjoy is striving to position itself as an AI enabler, transforming advanced technologies into practical, interactive, and commercially scalable applications. We will continue to focus on optimizing our cash flow business while building an AI-driven growth engine to expand market opportunities and create long-term shareholder value.”
Mr. Denny Tang, CFO of Scienjoy, added: “We are pleased to announce a turnaround to profitability in the first quarter of 2026, achieving a net profit of RMB 7.6 million compared to a net loss of RMB 13.0 million in the same period of 2025. This transformation is primarily attributable to our stringent cost control and ongoing operational optimization initiatives.”
“While maintaining prudent expense management, we have continued to increase investment in research and development, reflecting our balanced strategy of sustaining profitability through our core live streaming business while investing in AI capabilities for future growth. As of March 31, 2026, the Company’s cash and cash equivalents increased to RMB 326.3 million. Scienjoy is well-positioned to advance AI commercialization, enterprise solutions, and long-term value creation.”
About Scienjoy
Scienjoy Holding Corporation (NASDAQ: SJ) is a pioneering Nasdaq-listed interactive entertainment leader. Driven by a vision to shape the metaverse lifestyle, the Company leverages artificial intelligence technology to create engaging experiences that connect meaningfully with global audiences, redefining entertainment. For more information, please visit http://ir.scienjoy.com/.
Safe Harbor Statement
Certain statements in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, words such as “estimates,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “proposes,” and variations of these words or similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions, or results and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are beyond the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors include: the ability to manage growth; the ability to identify and integrate other future acquisitions; the ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors that adversely affect our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; and the impact of epidemics. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”). The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Such information is provided only as of the date of this press release.
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