v3.26.3
Segment Reporting and Information about Geographic Areas
9 Months Ended
Sep. 30, 2026
Segment Reporting and Information about Geographic Areas [Abstract]  
SEGMENT REPORTING AND INFORMATION ABOUT GEOGRAPHIC AREAS

18. SEGMENT REPORTING AND INFORMATION ABOUT GEOGRAPHIC AREAS

 

Our Chief Executive Officer, as the CODM, organizes our company, manages resource allocations and measures performance among two operating and reportable segments: (i) Educational programs and services and (ii) HybriU licensing and sales for internal management purposes. The Company’s CODM makes decisions on resource allocation, evaluates operating performance, and monitors budget versus actual results using gross profit. The following table presents revenues, cost of revenues, and gross profit by reportable segment:

 

    Nine months ended
September 30,
 
    2025     2026  
NET REVENUES            
- Educational programs and services   $ 4,976     $ 5,332  
- HybriU licensing and sales     1,506       1,521  
Total net revenues     6,482       6,853  
COST OF REVENUES                
- Educational programs and services     (2,950 )     (3,428 )
- HybriU licensing and sales     (220 )     —  
Total cost of revenues     (3,170 )     (3,428 )
                 
GROSS PROFIT                
- Educational programs and services     2,026       1,904  
- HybriU licensing and sales     1,286       1,521  
Total gross profit   $ 3,312     $ 3,425