Ambow Education Holding Ltd
ambow.comWhat Do They Do?
Provides undergraduate education and sells AI-enabled hybrid classroom, conferencing, and event technology to students, educational institutions, and businesses.
10-K for FY2025, filed Feb 13, 2026The Company delivers educational programs and technology solutions through its subsidiaries.View ↗
NewSchool of Architecture & Design, located in San Diego, California, is a recognized leader in architectural and design education. The…View ↗
The Company’s HybriU™ solution provides AI-powered, integrated technologies for education, corporate conferencing, and events. Key…View ↗
HybriU Conference revolutionizes corporate conferencing by seamlessly integrating AI capabilities with phygital (physical + digital)…View ↗
HybriU Events transforms traditional physical events into immersive phygital (physical + digital) experiences accessible to audiences…View ↗
How Do They Make Money?
Students pay fixed tuition fees for undergraduate programs, and Ambow earns that revenue as it provides instruction through the academic period. HybriU customers buy licenses or hardware-and-software systems; Ambow earns the sale when the solution is delivered and accepted, with maintenance provided over the service period.
10-K for FY2025, filed Feb 13, 2026For educational programs and services, usually there are no written formal contracts between the Company and the students according to…View ↗
For educational programs and services, the Company’s performance obligation is to provide acknowledged academic education within academic…View ↗
Licensing - There is only one performance obligation for Licensing which is to deliver our HybriU solution to customers as a combination of…View ↗
In relation to the sale of HybriU solutions, the following two performance obligations have been identified: (i) the delivery of the HybriU…View ↗
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10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by product or service ↗
$9.5M
-
10-K for FY2025, filed Feb 13, 2026
$9.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Educational programs and services
Recurring
10-K for FY2025, filed Feb 13, 2026 |
75%
FY2022: 100%
|
Educational programs and services, FY2025
$7.1M Sources
|
Recurring |
|
HybriU licensing and sales
Mix
10-K for FY2025, filed Feb 13, 2026 |
25% |
HybriU licensing and sales, FY2025
$2.4M Sources
|
Mix |
Who Are Their Customers?
Students contract with Ambow for educational programs. HybriU targets universities, corporations, and event organizers, with distribution through strategic partners and resellers.
10-K for FY2025, filed Feb 13, 2026For educational programs and services, usually there are no written formal contracts between the Company and the students according to…View ↗
HybriU is strategically positioned for wide-scale adoption across both major U.S. and international markets, with a strong focus on the…View ↗
To accelerate market penetration and scalability, HybriU will be deployed through a network of strategic partners and value-added resellers…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$463K.
10-K for FY2025, filed Feb 13, 2026
$112KView ↗
10-K for FY2025, filed Feb 13, 2026
$1.4MView ↗
10-K for FY2025, filed Feb 13, 2026
−$463KView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$146KView ↗
- ▼ Now a loss
- vs $1.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
Shrinking. Revenue fell 47% in 4 years, from $17.8M in FY2021 to $9.5M in FY2025, about 15% a year.
HybriU expands beyond learning
The older report centered HybriU on hybrid education and workforce training, while the latest describes products for corporate conferencing and live events.
20-F for FY2022, filed Apr 27, 2023 10-K for FY2025, filed Feb 13, 2026The Company’s HybriU™ solution provides AI-powered, integrated technologies for education, corporate conferencing, and events. Key…View ↗
HybriU Conference revolutionizes corporate conferencing by seamlessly integrating AI capabilities with phygital (physical + digital)…View ↗
HybriU Events transforms traditional physical events into immersive phygital (physical + digital) experiences accessible to audiences…View ↗
Who Do They Compete With?
Competes with Zoom, Google Meet, and Microsoft Teams
10-K for FY2025, filed Feb 13, 2026HybriU differentiates itself from conventional platforms such as Zoom, Google Meet and Microsoft Teams by offering a fully integrated…View ↗
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