YXTNasdaqServices-Prepackaged SoftwareUS GAAP · USD

YXT.COM GROUP HOLDING LIMITED - American Depository Shares

YXT.COM GROUP HOLDING Ltd is a U.S.-listed technology company based in Suzhou, China that develops enterprise productivity software and AI-enabled tools for organizations. Its business combines digital learning and talent development solutions with task copilots and knowledge-sharing applications for enterprise users.

Revenue340m USD
+2.7 %y/y
Operating profit (EBIT)-141m USD
+24.6 %y/y
EBIT margin-41.5%
+15.0 ppy/y
Net income-159m USD
−73.2 %y/y
Free cash flow-147m USD
+30.9 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-750-500-2500250500m USD2022: 431 m USD2022: EBIT -621 m USD20222023: 424 m USD2023: EBIT -329 m USD20232024: 331 m USD2024: EBIT -187 m USD20242025: 340 m USD2025: EBIT -141 m USD2025340-141
RevenueOperating profit (EBIT)
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Business

Share of revenue
Enterprise productivity solutions35 %

Software and tools that help organizations improve employee productivity and workflow efficiency.

Talent learning and development45 %

Digital learning products and services used to train, upskill, and develop employees.

AI task copilots15 %

AI-enabled assistants that support knowledge work and task execution inside enterprises.

Knowledge management tools5 %

Applications for storing, sharing, and organizing enterprise knowledge and content.

Products

Reported · share of revenue
99.3%FY2025100 %
  • Corporate Learning Solutions99.3 %
  • Other0.7 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

YXT.com serves enterprise customers that use software to train employees, support knowledge transfer, and improve operational productivity. The company highlights recognition from Global and China Fortune 500 companies, indicating sales to large organizations with structured learning and productivity needs.

Large enterprises

Buy software and platforms to improve workforce productivity, knowledge sharing, and training at scale.

Fortune 500 customers

Purchase enterprise learning and productivity solutions for broad employee development and workflow support.

HR and learning teams

Use the learning and development platforms to deliver training and track employee skill growth.

Operations and knowledge workers

Adopt AI copilots and productivity tools to complete tasks and access internal knowledge faster.

Strategy

YXT.com is positioning itself around enterprise productivity software that combines learning, knowledge management, and AI copilots in one platform. Its strategy appears to be centered on broadening enterprise use cases beyond training into day-to-day productivity workflows, which can deepen customer engagement and expand product relevance.

Broaden the enterprise productivity platformMedium term

A wider product set can increase customer stickiness and address more employee workflows.

Target large enterprise accountsMedium term

Large organizations create recurring software demand and can adopt multiple modules across departments.

Build AI-enabled functionalityShort term

AI assistants can differentiate the product offering and support higher-value use cases.

Geography

The company is headquartered in Suzhou, Jiangsu, China and operates as a U.S.-listed foreign private issuer on Nasdaq. Its business appears centered on China while also serving multinational enterprise customers, so demand and operating exposure are tied to both Chinese corporate spending and cross-border client relationships.

Risks

The company depends on enterprise software adoption, which can slow when corporate IT budgets are constrained or buying cycles lengthen. It also faces execution and product risks typical of software vendors, including the need to keep AI features relevant, manage customer retention, and operate across China-linked and U.S.-listed regulatory frameworks.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Enterprise spending cyclicality1Product obsolescence in AI tools2China operating and regulatory exposure3Foreign exchange volatility4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Enterprise spending cyclicalityImpact: HighLikelihood: Medium

    Customers may delay software purchases or reduce rollout scope when budgets tighten.

    Exposure: Enterprise productivity and learning software demand

  2. Product obsolescence in AI toolsImpact: HighLikelihood: Medium

    AI-enabled productivity software must keep pace with rapid technology change.

    Exposure: AI task copilots and enterprise productivity features

  3. China operating and regulatory exposureImpact: HighLikelihood: Medium

    The company’s operating base is in China, which can affect data, licensing, and operating conditions.

    Exposure: Suzhou-based operations and China customer base

  4. Foreign exchange volatilityImpact: MediumLikelihood: High

    Reporting in RMB and listing in the U.S. can create translation and transaction effects.

    Exposure: RMB/U.S. dollar structure

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Accounting

Judgemental items
Foreign currency translation

RMB functional presentation and USD reporting can move comprehensive income through translation effects.

Impact: Affects comparability for U.S. investors

Share-based compensation

Excluded from adjusted loss but still a real operating cost and dilution source.

Impact: Impacts operating loss and equity dilution

Related-party balances

Amounts due from related parties appear on the balance sheet and merit monitoring.

Impact: Affects working capital and credit risk

Available-for-sale debt securities

Fair value changes flow through other comprehensive income.

Impact: Can create volatility in comprehensive income

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

YXT.COM GROUP HOLDING LIMITED - American Depository Shares (Nasdaq) – Services-Prepackaged Software | Financial Analysis – Clarifo