iHuman (IH) Operating Expenses (2019 - 2026)
iHuman (IH) posted quarterly Operating Expenses of -$19.1 million for Q1 2026, down 13.71% year-over-year from -$22.2 million in Q1 2025, and down 13.02% quarter-over-quarter from -$16.9 million in Q4 2025.
iHuman (IH) Operating Expenses (2019 - 2026) Analysis & Trends
iHuman (IH) has reported Operating Expenses for 8 consecutive years, with -$19.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 13.71% year-over-year to -$19.1 million; the TTM figure through Mar 2026 stood at -$69.7 million (up 6.93% YoY), while the FY2025 annual figure was $68.8 million, down 11.67% from the prior year.
- Operating Expenses slipped to -$19.1 million in Q1 2026 per IH's latest filing, from -$16.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$16.2 million in Q2 2025 and bottomed at -$25.0 million in Q1 2022.
- Historically, Operating Expenses has averaged -$19.4 million across 5 years, with a median of -$19.4 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 43.99% — and 2026, when it retreated 13.71%.
- iHuman's Operating Expenses stood at -$20.6 million in 2022, then declined by 7.06% to -$22.0 million in 2023, then increased by 11.95% to -$19.4 million in 2024, then climbed by 12.64% to -$16.9 million in 2025, then slipped by 13.02% to -$19.1 million in 2026.
- Business Quant data shows IH's Operating Expenses at -$19.1 million in Q1 2026, -$16.9 million in Q4 2025, and -$17.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | iHuman | 338.54 Mn | 179.08 Mn | 17.68 Mn | -19.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.15 Mn |
| Dec 31, 2025 | -16.94 Mn |
| Sep 30, 2025 | -17.41 Mn |
| Jun 30, 2025 | -16.23 Mn |
| Mar 31, 2025 | -16.84 Mn |
| Dec 31, 2024 | -19.39 Mn |
| Sep 30, 2024 | -20.40 Mn |
| Jun 30, 2024 | -18.29 Mn |
| Mar 31, 2024 | -20.86 Mn |
| Dec 31, 2023 | -22.02 Mn |
| Sep 30, 2023 | -20.04 Mn |
| Jun 30, 2023 | -17.92 Mn |
| Mar 31, 2023 | -18.76 Mn |
| Dec 31, 2022 | -20.57 Mn |
| Sep 30, 2022 | -19.48 Mn |
| Jun 30, 2022 | -20.99 Mn |
| Mar 31, 2022 | -25.02 Mn |
| Dec 31, 2021 | -27.54 Mn |
| Sep 30, 2021 | -34.78 Mn |
| Jun 30, 2021 | -24.43 Mn |