Here Announces Unaudited Financial Results for the Third Quarter of Fiscal Year 2026
Here Group Limited (NASDAQ: HERE) reported unaudited Q3 FY2026 results (Jan 1–Mar 31, 2026). Revenue fell to RMB164.7m (US$23.9m) from RMB177.3m in Q2; net loss widened to RMB34.1m (US$4.9m) from RMB25.4m. Adjusted net loss was RMB22.9m. The company guided Q4 revenue at RMB130–140m and revised FY2026 revenue to RMB600–610m.
How this was made

The 30-second read
Why it matters
Revenue declined sequentially and net loss widened, while gross margin improved. The company revised FY2026 revenue guidance downward substantially, which is the most decision-relevant item for traders. Management also highlighted disciplined cost structure and a measured launch cadence, plus a plan for accelerated expansion supported by additional self-operated stores.
Market read
Material earnings datapoints plus a major FY2026 guidance reset make this a direct catalyst for HERE’s near-term trading and positioning.
What to watch
The guidance revision is large, but the article attributes Q3 weakness partly to Chinese New Year timing and launch cadence changes—investors may reassess whether the softness is temporary versus structural.
Background
Here Group Limited (NASDAQ: HERE) released unaudited Q3 FY2026 results and updated revenue guidance for Q4 and FY2026, alongside commentary on IP momentum, store expansion, and cost refinements.
Ticker impact
Here reported Q3 FY2026 unaudited results plus revised FY2026 revenue guidance and Q4 revenue range, directly impacting valuation expectations.
Likely near-term bearish bias on the guidance cut, partially offset by gross-margin improvement.
The article provides explicit Q3 loss/revenue datapoints and a substantial FY2026 revenue guidance revision, which typically drives immediate repricing.
Market effects
Signals continued margin focus and demand sensitivity in IP/pop-toy collectibles, but no direct read-across to specific public peers is provided.
China holiday/working-day effects are cited as a driver of quarter-to-quarter revenue weakness.
Limited; impacts primarily the US-listed issuer’s ADS expectations rather than a broad cross-border catalyst.
Counterpoint
Gross margin improved and management framed cost refinements as positioning for better future margins, which could limit downside if investors focus on profitability trajectory.
Key entities
- companyHere Group Limited
US-listed IP/pop-toy collectibles company reporting Q3 FY2026 results and revised revenue guidance.
- personMr. Peng Li
Chairman and CEO commenting on revenue, gross margin, IP momentum, and expansion plans.
- personMr. Dong Xie
CFO discussing cost refinements and margin performance positioning.


