Here Group Limited (HERE) AI Stock Analysis

NASDAQ: HEREAI research summary: business, growth, valuation, analysts, bull and bear case.

HERE AI stock analysis summary

AI Research

Here Group Limited designs and sells collectible pop toys in China under the HERE brand. The company generated $596.5M in revenue for FY2026, down 78.1% year-over-year, while retaining a net cash balance of $575.8M as of June 30, 2026. Over the past year, its stock price fell 76.9%, closing at $1.62.

Market cap: $88.1M
Revenue (TTM): $596.8M
P/E: —
1Y return: -76.9%
Avg. target: $4.62

Bull case

The company held $575.8M in net cash as of June 30, 2026, exceeding its market cap of $88.1M.
Analyst consensus expects next fiscal year EPS to reach $0.84 on revenue of $1.14B, representing projected revenue growth of 182.3%.
Covering analysts unanimously rate the stock a Strong Buy with a mean price target of $4.62, representing 185.0% upside to the last close.

Bear case

Revenue fell 78.1% to $596.5M in FY2026, down from $2.73B in FY2025.
Gross margin compressed from 81.5% in FY2025 to 33.1% in FY2026, contributing to an operating margin of -28.5%.
The stock fell 76.9% over the trailing one-year period and trades 44.4% below its 200-day moving average.

What Here does

Here Group Limited designs and sells pop toys in China. The company offers collectible pop toys, such as plush toys and figures under the HERE brand. Formerly known as QuantaSing Group Limited, it changed its name to Here Group Limited in November 2025. The business was founded in 2019, operates with 714 employees, and is headquartered in Beijing, the People's Republic of China.

Growth and profitability

Revenue fell 78.1% in FY2026 to $596.5M, down from $2.73B in FY2025 and $3.80B in FY2024, resulting in a 5-year revenue CAGR of -19.5%. Gross margin contracted from 81.5% in FY2025 to 33.1% in FY2026, while operating margin was -28.5% compared to 14.6% in FY2025. Net income was $62.4M in FY2026, with diluted EPS of -$0.79 compared to $2.25 in FY2025. For the trailing twelve months ending June 30, 2026, quarterly revenue fell 79.3% year-over-year, and quarterly earnings declined 45.4%.

HERE income statement →

Balance sheet and cash flow

As of June 30, 2026, Here Group held $610.5M in cash and short-term investments against $34.8M in total debt, yielding net cash of $575.8M. Shareholders' equity was $628.9M, with total assets of $1.14B and a debt-to-equity ratio of 0.06. The company maintained a current ratio of 6.01. During FY2025, capital expenditures were $429,047, while the company repurchased $3.6M of shares and paid $10.8M in dividends.

HERE balance sheet →

Valuation and performance

At a closing price of $1.62 on October 16, 2026, Here Group had a market cap of $88.1M and an enterprise value of $4.5M. The stock trades at a forward P/E of 32.1x, higher than the 14.1x median of its US-listed Consumer Cyclical peers. However, its price-to-sales multiple of 0.1x and EV/EBITDA of 0.2x stand below the peer medians of 0.7x and 11.1x, respectively. The stock fell 76.9% over the past year, trailing the S&P 500 (SPY) return of 16.8%.

HERE key metrics →

What analysts expect

Wall Street coverage comprises 3 Strong Buy ratings, with no Buy, Hold, or Sell ratings. The mean price target of $4.62 indicates upside of 185.0% compared to the October 16, 2026 closing price of $1.62. For the fiscal year ending June 30, 2027, analysts project EPS of $0.04 on revenue of $403.0M. The company beat EPS consensus in 2 of the past 4 quarters, and its next earnings date is December 1, 2026.

HERE forecast and price target →

Key risks and what to watch

Quarterly revenue fell 79.3% year-over-year in the quarter ended June 30, 2026, reflecting significant top-line contraction.
Trailing twelve months operating margin stands at -46.2%, pointing to operating losses.
The stock has declined 68.3% year-to-date and trades near its 52-week low of $1.50.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this HERE AI stock analysis

This page is an AI-written research summary of Here Group Limited (HERE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HERE income statement, HERE balance sheet, HERE key metrics, HERE analyst forecast, HERE chart. See the HERE stock overview for the latest quote and news.

HERE AI stock analysis FAQ

What does Here Group Limited do?

Here Group Limited designs and sells collectible pop toys, including plush toys and figures under the HERE brand, primarily in China.

What is Here Group's cash position?

As of June 30, 2026, Here Group held $610.5M in cash and short-term investments alongside $34.8M in total debt, resulting in net cash of $575.8M.

What are analysts forecasting for Here Group?

For the fiscal year ending June 30, 2027, analysts forecast EPS of $0.04 on revenue of $403.0M, with a mean price target of $4.62.

How has HERE stock performed recently?

HERE stock fell 76.9% over the past year to close at $1.62 on October 16, 2026, compared to a 16.8% gain for the S&P 500 (SPY).