Geek+'s 2026 Interim Results Highlight Growth in Subscription Services

Geek+ reported its 2026 interim results, showcasing substantial growth driven by AI and global expansion. The company's new orders rose by 35.5% year-over-year to RMB2.385 billion, while revenue increased by 25.3% to RMB1.284 billion. Gross margin improved to 35.8%, and adjusted net loss narrowed by 32.1% to RMB60.6 million. Excluding R&D investments, the loss decreased by 81.9% to RMB16.1 million, suggesting near break-even for core operations.

Subscription-based services played a pivotal role, with orders jumping over 75%, indicating a shift towards long-term client relationships. Notably, subscription orders in the Americas surged by 455%, confirming demand in mature markets. Additionally, pallet-to-person and manufacturing scenario orders saw significant growth, reinforcing market leadership.

The report also highlighted a global customer base, with over 1,000 clients and a repurchase rate of 80%. Geek+ plans to focus on AI-powered services, product innovation, and commercialization of embodied intelligence for future growth.