iHuman Inc. reported second-quarter 2026 revenue of RMB173.4 million ($25.6 million), down from RMB210.9 million a year earlier, as China’s declining newborn population and more cautious consumer spending weighed on results. Average total monthly active users fell to 20.72 million from 23.97 million. Gross profit declined to RMB111.2 million, while gross margin narrowed to 64.1% from 66.7%. The company posted an operating loss of RMB20.8 million and a net loss of RMB17.5 million, compared with operating income of RMB18.3 million and net income of RMB30.7 million a year earlier. iHuman continued spending on its product portfolio, AI capabilities and international expansion, including the Liamiao English learning brand, Aha World’s Gabby’s Dollhouse module and AI products acquired through All Knowledge and Perfect Lingo. Management said these investments are intended to support longer-term growth, while noting that the company’s outlook remains subject to operational, economic and regulatory risks.