Scienjoy Holding Corporation Q1 2026 Financial Results

Scienjoy Holding Corporation announced its unaudited financial results for the first quarter ended March 31, 2026. The company reported a net income of RMB 7.6 million (US$1.1 million), a significant turnaround from a net loss of RMB 13.0 million in the same period of 2025. Total revenues decreased to RMB 282.6 million (US$41.0 million) from RMB 307.3 million in Q1 2025, primarily due to a decrease in paying users. Gross profit decreased to RMB 50.2 million (US$7.3 million) with a gross margin of 17.7%, down from 19.4% in Q1 2025. Income from operations decreased to RMB 11.3 million (US$1.6 million). The company highlighted a return to profitability driven by disciplined cost management and operational optimization, while continuing to invest in AI initiatives. As of March 31, 2026, Scienjoy Holding Corporation had RMB 326.3 million (US$47.3 million) in cash and cash equivalents.