WAFU · Wah Fu Education Group Limited

Wah Fu Education Group demonstrated notable operational improvement for the first half of fiscal year 2026, with revenue increasing 9.3% year-over-year to $3.06 million. The growth was primarily driven by higher demand for online training services within its Business-to-Business-to-Customer (B2B2C) segment. Cost of revenue remained stable at $1.22 million, contributing to a 16.2% increase in gross profit to $1.83 million and a gross margin expansion of 340 basis points to 59.7%. Operating efficiency improved significantly as total operating expenses decreased 14.1% to $1.84 million, largely due to a reduction in general and administrative expenses from lower provisions for bad debts. Consequently, loss from operations narrowed to $14,000 from $571,000 in the prior year period. The company maintained a solid liquidity position with $9.58 million in cash and $10.60 million in working capital as of September 30, 2025. Operating cash flow turned positive at $0.09 million, compared to a cash usage of $1.19 million in the same period last year.