Mobvoi Inc. announced audited results for the year ended 31 December 2025, highlighting a sharp narrowing in losses despite lower topline income.

Revenue dipped 17.30% year-on-year to RMB323.03 million, weighed down by a 37.52% slide in AI Software Solutions to RMB148.80 million. AI Hardware revenue rose 14.40% to RMB174.23 million, lifting the segment’s share of group turnover to 53.9% from 39.0% a year earlier.

Gross profit fell 20.50% to RMB161.72 million; gross margin eased to 50.1% from 52.1%, reflecting the higher hardware mix. Cost-control initiatives drove operating expense reductions across the board: research & development outlays dropped 43.2% to RMB77.67 million, selling and marketing expenses fell 35.4% to RMB126.57 million, and administrative costs more than halved to RMB39.97 million following the absence of listing-related charges.

As a result, statutory loss narrowed 90.5% to RMB68.85 million. On a non-IFRS basis, adjusted net loss contracted 72.6% to RMB57.54 million.

The balance-sheet remained solid with RMB139.12 million in cash and cash equivalents and a current ratio of 2.6. Net current assets stood at RMB200.67 million, while the gearing ratio improved to 35.9% from 42.1% despite bank loans rising to RMB50.98 million.

Management reaffirmed its “AI Agent + Hardware-Software Integration” strategy. Key 2025 launches included the TicNote series of recording devices and the 4G-enabled TicNote Pods, alongside the rollout of AI-native collaboration platforms “TicNote Cloud” and “CodeBanana.” For 2026, the group plans to deepen “organizational AI-ization,” expand vertical solutions in sectors such as law and healthcare, and evolve CodeBanana into a full-stack task-execution platform.

The Board proposed no final dividend for 2025.