iHuman (IH) Gross Margin (2019 - 2026)
iHuman's (IH) quarterly Gross Margin came in at 66.84% in Q1 2026, down 149.0% year-over-year from 136.4% in Q1 2025, and little changed quarter-over-quarter from 66.85% in Q4 2025.
Analysis
iHuman (IH) Gross Margin (2019 - 2026) Analysis & Trends
iHuman (IH) has reported Gross Margin for 8 consecutive years, with 66.84% the latest figure, recorded in Q1 2026.
- On a quarterly basis, Gross Margin fell 149.0% year-over-year to 66.84% in Q1 2026; TTM through Mar 2026 was 67.48%, a 112.0% decrease from a year earlier, with the FY2025 full-year figure at 67.86%, down 156.0% from the prior year.
- Gross Margin was 66.84% for Q1 2026 at iHuman, roughly flat from 66.85% in the prior quarter.
- Over five years, Gross Margin peaked at 71.54% in Q1 2024 and troughed at 66.84% in Q1 2026.
- A 5-year average of 69.41% and a median of 69.97% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 174 bps in 2023 and plunged 394 bps in 2024, its largest moves.
- Over 5 years, Gross Margin stood at 69.43% in 2022, then grew by 3 bps to 71.17% in 2023, then slipped by 6 bps to 67.23% in 2024, then declined by 1 bps to 66.85% in 2025, then decreased by 0 bps to 66.84% in 2026.
- The last three Gross Margin figures came in at 66.84% (Q1 2026), 66.85% (Q4 2025), and 68.35% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 72.62% |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 48.87% |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 58.07% |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 79.44% |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 73.66% |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 66.84% |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 64.73% |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 54.55% |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 83.19% |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 66.84% |
| Dec 31, 2025 | 66.85% |
| Sep 30, 2025 | 68.35% |
| Jun 30, 2025 | 67.82% |
| Mar 31, 2025 | 68.32% |
| Dec 31, 2024 | 67.23% |
| Sep 30, 2024 | 68.44% |
| Jun 30, 2024 | 70.54% |
| Mar 31, 2024 | 71.54% |
| Dec 31, 2023 | 71.17% |
| Sep 30, 2023 | 71.37% |
| Jun 30, 2023 | 70.89% |
| Mar 31, 2023 | 69.97% |
| Dec 31, 2022 | 69.43% |
| Sep 30, 2022 | 70.41% |
| Jun 30, 2022 | 70.77% |
| Mar 31, 2022 | 70.00% |
| Dec 31, 2021 | 69.34% |
| Sep 30, 2021 | 69.58% |
| Jun 30, 2021 | 69.72% |