Perfect Corp. provides SaaS artificial intelligence and augmented reality beauty and fashion tech business solutions. The company offers AR makeup virtual try-on, YouCam tutorial, AI foundation shade finder and matcher, AI virtual background changer, AI skin analysis, AI face analyzer, AI face reshape simulator, AI personality finder, in-store barcode try-on, AI virtual hair color try-on, AR hairstyle virtual try-on, AI beard dye and beard style virtual try-on, hat and headband virtual try-on, AI-powered virtual try-on for glasses, virtual try-on for nails, AR watch virtual try-on, AR ring virtual try-on, AR bracelet virtual try-on, and AR earring virtual try-on solutions and services. It also provides YouCam makeup, YouCam perfect, YouCam video, YouCam cut, YouCam nails, and YouCam fun apps. The company was founded in 2015 and is based in New Taipei City, Taiwan.
Perfect Corp. Reports Unaudited Financial Results for the Three Months and Six Months Ended June 30, 2026
Perfect Corp. reported flat Q2 2026 revenue of $16.3 million but delivered a massive profitability swing, with net income increasing 518% year-over-year to $1.3 million. Gross margin expanded 560 basis points to 80.9%, driven by operational efficiency and a strategic shift toward standardized SaaS solutions.
Despite the profitability gains, user engagement metrics declined, with active subscribers falling 14.6% to 820,000 and key customers dropping to 113, attributed to increased competition in the AI app market.
The company recently entered into a definitive agreement to go private on July 10, 2026, while maintaining a strong liquidity position with $125.6 million in cash and equivalents.