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Jun 30, 2024
Senmiao Technology Q1 2026 Earnings Report
Senmiao Technology reported a narrower net loss and growth in online ride-hailing platform revenue for Q1 2026, though total revenue slightly declined year-over-year.
Key Takeaways
Senmiao Technology posted $1.04 million in total revenue for Q1 2026, with continued growth in its online ride-hailing platform segment, which offset the decline in operating lease revenue. Net loss narrowed due to cost controls and improved gross margin.
Total revenue was $1.04 million in Q1 2026, down slightly from $1.06 million in Q1 2025.
Online ride-hailing platform services revenue increased to $1.03 million.
Net loss narrowed to $0.47 million from $1.07 million a year ago.
Gross margin improved to 17.8% compared to 3.1% in the prior-year period.
Senmiao Technology
Senmiao Technology
Senmiao Technology Revenue by Segment
Revenue by Segment
Operating Lease Revenue
CapyFin.comRide-Hailing Services Revenue
CapyFin.com Forward Guidance
Senmiao plans to continue expanding its ride-hailing platform and optimize costs while focusing on profitability.
Positive Outlook
- Improved gross margin performance year-over-year
- Narrowed net loss compared to prior year
- Growth in ride-hailing revenue despite fewer rides
- Higher average gross fare per ride
- Focus on core mobility business to support long-term strategy
Challenges Ahead
- Total revenue declined slightly year-over-year
- Operating lease revenue dropped significantly
- Completed rides fell 19% year-over-year
- Continued operating losses
- Modest cash and asset position limits flexibility
Revenue & Expenses
Visualization of income flow from segment revenue to net income