TAL Edu Q1 2026 financial report: Net revenue of $575 million, net profit of $31.282 million

TAL Education announced its unaudited financial report for the first quarter of fiscal year 2026 ending May 31, 2025. Summary of the first quarter performance for fiscal year 2026: Net revenue increased from USD 414 million in the same period last year to USD 575 million this quarter. Operating profit was USD 14.346 million, compared to an operating loss of USD 17.33 million in the same period last year. Non-GAAP operating profit was USD 25.109 million, compared to a non-GAAP operating profit of USD 876,000 in the same period last year. Net profit attributable to TAL Education was USD 31.282 million, compared to a net profit attributable to TAL Education of USD 11.402 million in the same period last year. Non-GAAP net profit attributable to TAL Education was USD 42.045 million, compared to a non-GAAP net profit attributable to TAL Education of USD 29.608 million in the same period last year. Basic and diluted net profit per ADS was USD 0.05. Non-GAAP basic and diluted net profit per ADS was USD 0.07. Each three ADS equals one Class A ordinary share. As of May 31, 2025, the total balance of cash, cash equivalents, and short-term investments was USD 3.473 billion, compared to a balance of USD 3.618 billion as of February 28, 2025