Here Group Cuts FY26 Revenue Guidance by ~20% While Announcing New $20M Share Repurchase Program
HERE sits 16% above its 52-week low of $2.03.
Summary
Here Group significantly cut its full-year revenue guidance, signaling a challenging business environment, while simultaneously announcing a new $20 million share repurchase program.
Key Events · Earnings and Guidance · HERE
-
Significant Revenue Guidance Cut
Full-year FY2026 revenue guidance was revised down from a range of RMB750.0-800.0 million to RMB600.0-610.0 million, representing an approximate 19-24% reduction.
-
New Share Repurchase Program Approved
The Board approved a new program to repurchase up to US$20.0 million of ADSs, effective from July 1, 2026, to June 30, 2027.
-
Q3 FY2026 Financial Results
Reported revenues of US$23.9 million and a net loss of US$4.9 million for the third quarter. Revenues declined and net loss increased sequentially compared to Q2 FY2026.
-
Update on Existing Share Repurchase Program
As of June 1, 2026, US$12.8 million of ADSs had been repurchased under the 2025 Share Repurchase Program.
Analysis · HERE · Trade & Services
Here Group significantly revised its full-year FY2026 revenue guidance downwards by approximately 19-24%, indicating a material deterioration in its business outlook. This negative news is partially offset by the announcement of a new $20 million share repurchase program, which is substantial relative to the company's size and could provide some stock support. The third-quarter results also showed a sequential decline in revenue and an increased net loss.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 966 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HERE was trading at $2.36 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $119.1M. The 52-week trading range was $2.03 to $15.64. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.