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111, Inc. Announces Third Quarter 2025 Unaudited Financial Results
111, Inc. shifted to an asset-light model by divesting three subsidiaries, achieving three quarters of non-GAAP operational profitability and positive cash flow despite 16.7% revenue decline.
- On Dec. 17, 2025, 111, Inc. reported unaudited Q3 results for the quarter ended September 30, 2025, divesting 100% equity in three subsidiaries to partners as part of an asset-light shift.
- Management framed the change as a move to reduce capital and operational burdens of self-run warehouses while maintaining a robust logistics network via the warehouse partnership network, supported by operational upgrades under the 'MANTIANXING' initiative.
- On the numbers, 111 reported net revenues of RMB3.0 billion and total operating expenses of RMB180.3 million, with non-GAAP income from operations at RMB0.2 million.
- As a result, 111 ended the quarter with $8.2 million in cash and $88.6 million of net liquidity, and reached rescheduling agreements with investors in 1 Pharmacy Technology while reporting a net loss of RMB13.0 million.
- Looking ahead, the company is affirming $23 million to $25 million Adjusted EBITDA guidance and $595 million to $605 million net‑sales guidance while building an AI‑powered transaction platform and leveraging the 'MANTIANXING' initiative.
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12 Articles
12 Articles
The Courier-Tribune+10 Reposted by 10 other sources
111, Inc. Announces Third Quarter 2025 Unaudited Financial Results
Transition from An Asset-Heavy Business Model to An Asset-Light Business ModelAchieved Quarterly Non-GAAP Net ProfitabilityMaintained Non-GAAP Operational Profitability for Three Consecutive QuartersAchieved Quarterly Positive Operating Cash Flow
Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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