Aurora Mobile (JG) Q1 2025 earnings summary

Executive summary

• Achieved 38% year-over-year revenue growth in Q1 2025, reaching RMB 89 million, driven by globalization, strong performance across all business lines, and expansion in overseas markets.

• Notable product launches included JVerification (HK Edition) and GPTBots.ai, supporting cross-border and AI-driven enterprise solutions.

• Secured strategic partnerships with REDtone Digital Berhad and Zanroo Malaysia, aiding global expansion.

• EngageLab business closed over RMB 63 million in new contracts in Q1, with recognized revenue up 127% year-over-year and cumulative contract value surpassing RMB 110 million.

• All business segments, including developer services, subscription, value-added, and financial risk management, recorded significant year-over-year growth.

Financial highlights

• Q1 2025 revenue: RMB 89 million, up 38% year-over-year and above previous guidance.

• Gross profit reached RMB 58.8 million, up 27% year-over-year, with gross margin improving to 66.1%, the highest in 9 quarters.

• Adjusted EBITDA was positive for the seventh consecutive quarter.

• Operating expenses rose 14% year-over-year to RMB 60.6 million, mainly due to increased sales and marketing.

• Cash and cash equivalents stood at RMB 113.6 million as of March 31, 2025.

Outlook and guidance

• Q2 2025 revenue guidance: RMB 87.5–90.5 million, representing 10–14% year-over-year growth.

• Management expects continued momentum, focusing on overseas expansion, product innovation, and disciplined expense management, but notes Q1's exceptional contract wins may not repeat immediately.

• Deferred revenue at an all-time high of RMB 156.9 million, indicating strong future revenue visibility.