Earnings
Home›Earnings›Results›QuantaSing revenue nearly doubles in fiscal 2026 as D2…
QuantaSing revenue nearly doubles in fiscal 2026 as D2C expands
Gross margin fell to 25.8% and a goodwill impairment widened the net loss from continuing operations to CNY169.6 million in Q4.
QuantaSing Group reported fourth-quarter revenue of CNY127.7 million, up 94.1% year over year, as sales of existing and newly launched pop-toy intellectual property products increased, according to a recap of the company’s earnings call on Yahoo Finance.
For the full fiscal 2026 year, revenue reached CNY596.8 million, driven by its IP-focused lineup, including WAKUKU, which accounted for 61.9% of annual revenue. The company also highlighted newer IP SIINONO, which generated CNY92.7 million over the fiscal year.
Management said it is shifting strategy toward proprietary IP and direct-to-consumer operations rather than leaning on wholesale volume. The company cited operations that include seven D2C stores and 25 Roboshops, along with expanded partnerships, pop-ups, and experiential retail.
Despite the growth, profitability weakened, with gross margin falling to 25.8%. The net loss from continuing operations widened to CNY169.6 million in the quarter, including a non-cash CNY124.1 million goodwill impairment tied to the Fastone acquisition, and management pointed to elevated inventory alongside moderated wholesale shipments to improve sell-through.