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Here Group Limited

HERE

NASDAQConsumer CyclicalLeisure

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$1.85

+$0.015 · +0.82%

Aug 21, 4:00 PM ET

HERE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

36

Expensive

Momentum

21

Weakening

Sentiment

60

Mixed

Risk resilience

34

High Risk

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Company profile

Company website

Here Group Limited designs and sells pop toys in China. It offers collectible pop toys, such as plush toys and figures under HERE brand. The company was formerly known as QuantaSing Group Limited and change its name to Here Group Limited in November 2025. Here Group Limited was founded in 2019 and is headquartered in Beijing, the People’s Republic of China.

Industry
Leisure
Sector
Consumer Cyclical
Headquarters
CN
CEO
Peng Li
Listed since
Jan 25, 2023
Employees
714

Market position

Day range

Current $1.85

52-week range

Current $1.85

Open
$1.84
Previous close
$1.835
Volume
20.24K
0.21× average
Average volume
95.67K
Average daily volume
Market cap
200.64M USD
Beta
-0.45
Market reference 1
50-day average
$1.9388
-4.58% below average
200-day average
$3.6137
-48.81% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.97B CNY
P/E (TTM)
28.26×
P/B (TTM)
0.83×
P/S (TTM)
1.24×
EV / EBITDA
4.11×
Earnings yield
12.99%
Free cash flow yield
1.01%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
58.19%
Operating margin
1.16%
Net margin
31.59%
Return on equity
44.34%
Return on assets
21.59%
Return on invested capital
28.04%

Financial health

Debt / equity
0.05×
Current ratio
2.14×
Altman Z-score
4.15
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends101%57%14%-30%Gross margin, FY2021: 89.83%Gross margin, FY2022: 85.75%Gross margin, FY2023: 87.29%Gross margin, FY2024: 85.50%Gross margin, FY2025: 81.52%Operating margin, FY2021: -18.78%Operating margin, FY2022: -8.21%Operating margin, FY2023: -3.69%Operating margin, FY2024: 9.94%Operating margin, FY2025: 14.56%Net margin, FY2021: -17.96%Net margin, FY2022: -8.14%Net margin, FY2023: -3.52%Net margin, FY2024: 10.16%Net margin, FY2025: 13.16%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 89.83%. Gross margin FY2022 85.75%. Gross margin FY2023 87.29%. Gross margin FY2024 85.50%. Gross margin FY2025 81.52%. Operating margin FY2021 -18.78%. Operating margin FY2022 -8.21%. Operating margin FY2023 -3.69%. Operating margin FY2024 9.94%. Operating margin FY2025 14.56%. Net margin FY2021 -17.96%. Net margin FY2022 -8.14%. Net margin FY2023 -3.52%. Net margin FY2024 10.16%. Net margin FY2025 13.16%.

Income trends

Revenue

2.73B CNY-28.19%

Operating income

396.9M CNY+5.18%

Net income

358.73M CNY-6.95%
Income trends across reported periods4.21B CNY2.56B CNY907.23M CNY−743.12M CNYRevenue, FY2021: 1.76B CNYRevenue, FY2022: 2.87B CNYRevenue, FY2023: 3.08B CNYRevenue, FY2024: 3.8B CNYRevenue, FY2025: 2.73B CNYOperating income, FY2021: −330.53M CNYOperating income, FY2022: −235.38M CNYOperating income, FY2023: −113.61M CNYOperating income, FY2024: 377.37M CNYOperating income, FY2025: 396.9M CNYNet income, FY2021: −316.04M CNYNet income, FY2022: −233.43M CNYNet income, FY2023: −108.54M CNYNet income, FY2024: 385.53M CNYNet income, FY2025: 358.73M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.76B CNY. Revenue FY2022 2.87B CNY. Revenue FY2023 3.08B CNY. Revenue FY2024 3.8B CNY. Revenue FY2025 2.73B CNY. Operating income FY2021 −330.53M CNY. Operating income FY2022 −235.38M CNY. Operating income FY2023 −113.61M CNY. Operating income FY2024 377.37M CNY. Operating income FY2025 396.9M CNY. Net income FY2021 −316.04M CNY. Net income FY2022 −233.43M CNY. Net income FY2023 −108.54M CNY. Net income FY2024 385.53M CNY. Net income FY2025 358.73M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.73B CNY3.8B CNY3.08B CNY2.87B CNY1.76B CNY
Cost of goods sold503.73M CNY550.31M CNY391.5M CNY408.76M CNY178.93M CNY
Gross profit2.22B CNY3.25B CNY2.69B CNY2.46B CNY1.58B CNY
Research and development98.53M CNY144.87M CNY219.78M CNY273.48M CNY116.27M CNY
Selling, general, and administrative1.73B CNY2.71B CNY2.58B CNY2.42B CNY1.8B CNY
Operating expenses1.82B CNY2.87B CNY2.8B CNY2.69B CNY1.91B CNY
Interest income692.77K CNY10.52M CNY5.33M CNY387K CNY441K CNY
Depreciation and amortization8.55M CNY5.01M CNY3.71M CNY10.6M CNY7.42M CNY
Operating income396.9M CNY377.37M CNY−113.61M CNY−235.38M CNY−330.53M CNY
Net income358.73M CNY385.53M CNY−108.54M CNY−233.43M CNY−316.04M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+115.76%
11 comparable reports
Latest EPS result
-0.03
Estimate 0.12 · Miss by 125.62%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.20.110.02-0.07Q4 '24BeatQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Nov 27, 2024: actual 0.071, estimate 0.064, surprise +11.94%, Beat. Q1 2025, reported Mar 11, 2025: actual 0.106, estimate 0.06, surprise +75.07%, Beat. Q2 2025, reported Jun 6, 2025: actual 0.034, estimate 0.056, surprise -39.02%, Miss. Q3 2025, reported Sep 17, 2025: actual 0.091, estimate 0.047, surprise +91.17%, Beat. Q4 2025, reported Dec 2, 2025: actual -0.022, estimate 0.08, surprise -128.07%, Miss. Q1 2026, reported Mar 12, 2026: actual -0.023, estimate 0.084, surprise -127.11%, Miss. Q2 2026, reported Jun 5, 2026: actual -0.03, estimate 0.119, surprise -125.62%, Miss. Q3 2026, reported Sep 11, 2026: actual —, estimate 0.159, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates194.42M134.67M74.92M15.18MQ4 '24MissQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Nov 27, 2024: actual 115.45M USD, estimate 135.91M USD, surprise -15.05%, Miss. Q1 2025, reported Mar 11, 2025: actual 99.52M USD, estimate 97.9M USD, surprise +1.66%, Beat. Q2 2025, reported Jun 6, 2025: actual 78.62M USD, estimate 83.15M USD, surprise -5.45%, Miss. Q3 2025, reported Sep 17, 2025: actual 86.22M USD, estimate 71.26M USD, surprise +20.98%, Beat. Q4 2025, reported Dec 2, 2025: actual 17.86M USD, estimate 139.48M USD, surprise -87.20%, Miss. Q1 2026, reported Mar 12, 2026: actual 25.34M USD, estimate 158.7M USD, surprise -84.03%, Miss. Q2 2026, reported Jun 5, 2026: actual 23.88M USD, estimate 168.79M USD, surprise -85.85%, Miss. Q3 2026, reported Sep 11, 2026: actual —, estimate 181.34M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

1 institution

HERE news

benzinga.com

Why These High-Flying Stocks Came Back To Earth

Shares of Here Group, Zepp Health, Burning Rock Biotech and So-Young International all posted meteoric gains last year, but have given most of that back in 2026

Read source
seekingalpha.com

Here Group: Deeply Discounted, But Limited Catalysts

Here Group remains deeply discounted, trading below net cash and NCAV, despite recent setbacks and a ~25% guidance cut. WAKUKU's sales dropped sharply, but SIINONO accelerated, and gross margin improved to 34.5%, with…

Read source
seekingalpha.com

Here Group Limited (HERE) Q3 2026 Earnings Call Transcript

Here Group Limited (HERE) Q3 2026 Earnings Call Transcript

Read source
globenewswire.com

Here Announces Unaudited Financial Results for the Third Quarter of Fiscal Year 2026

BEIJING, June 05, 2026 (GLOBE NEWSWIRE) -- Here Group Limited (NASDAQ: HERE) (“Here” or the “Company”), an IP1-based pop toy company dedicated to creating beloved collectibles and trend-defining experiences, today…

Read source
globenewswire.com

Here to Report Third Fiscal Quarter Financial Results on June 5, 2026

BEIJING, May 27, 2026 (GLOBE NEWSWIRE) -- Here Group Limited (NASDAQ: HERE) (“Here” or the “Company”), an IP-based pop toy company dedicated to creating beloved collectibles and trend-defining experiences, today…

Read source

Corporate actions

Corporate action history

Dividend

Ex-dividend Oct 30, 2024

$0.181

Special

Record Oct 30, 2024 · Payment Nov 15, 2024

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