NASDAQ : YQ
17 Education & Technology Group Inc. — Financial statements
Consumer Staples · Education & Training Services · China
Last price 2.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 29.20M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
17 Education & Technology Group Inc. (YQ) reported revenue of 248.49M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 248.49M | 106.02M | 189.21M | 170.96M | 531.06M | 2.18B |
| Cost of Revenue | 96.41M | 55.40M | 120.00M | 90.26M | 206.21M | 878.24M |
| Gross Profit | 152.08M | 50.63M | 69.21M | 80.70M | 324.86M | 1.31B |
| Selling, General & Admin | 207.45M | 158.01M | 211.02M | 255.52M | 300.16M | 1.86B |
| Research & Development | 67.79M | 56.17M | 72.00M | 167.93M | 235.85M | 800.16M |
| Operating Expenses | 275.23M | 214.18M | 283.02M | 423.45M | 536.00M | 2.66B |
| Operating Income | -123.15M | -163.55M | -213.81M | -342.75M | -211.15M | -1.35B |
| Interest & Investment Income | 7.19M | 8.65M | 16.26M | 27.81M | 11.35M | 24.57M |
| Currency Exchange Gain (Loss) | -101.00K | -182.00K | 226.00K | -801.00K | 159.00K | 2.33M |
| Other Non Operating Income (Expenses) | 284.00K | 661.00K | 4.40M | 3.96M | 21.77M | 4.67M |
| EBT Excluding Unusual Items | -115.78M | -154.42M | -192.93M | -311.78M | -177.87M | -1.32B |
| Asset Writedown | -121.29M | |||||
| Pretax Income | -115.78M | -154.42M | -192.93M | -311.78M | -177.87M | -1.44B |
| Net Income | -115.77M | -154.42M | -192.93M | -311.78M | -177.87M | -1.44B |
| Net Income to Common | -115.77M | -154.42M | -192.93M | -311.78M | -177.87M | -1.44B |
| Shares Outstanding (Basic) | 10.83M | 10.02M | 8.04M | 9.17M | 10.06M | 9.88M |
| Shares Outstanding (Diluted) | 10.83M | 10.02M | 8.04M | 9.17M | 10.06M | 9.88M |
| EPS (Basic) | -10.69 | -15.41 | -24.00 | -33.99 | -17.69 | -145.93 |
| EPS (Diluted) | -10.69 | -15.41 | -24.00 | -33.99 | -17.69 | -145.93 |
| Free Cash Flow | 30.46M | -148.59M | -238.66M | -466.69M | -1.64B | |
| Free Cash Flow Per Share | 3.04 | -18.48 | -26.02 | -46.41 | -165.57 | |
| Gross Margin | 61.20% | 47.75% | 36.58% | 47.21% | 61.17% | 59.80% |
| Operating Margin | -49.56% | -154.26% | -113.00% | -200.48% | -39.76% | -61.90% |
| Profit Margin | -46.59% | -145.64% | -101.96% | -182.37% | -33.49% | -66.01% |
| Free Cash Flow Margin | 28.73% | -78.53% | -139.60% | -87.88% | -74.89% | |
| EBITDA | -114.30M | -153.55M | -201.53M | -326.58M | -186.42M | -1.29B |
| EBITDA Margin | -46.00% | -144.83% | -106.51% | -191.02% | -35.10% | -58.93% |
| D&A For EBITDA | 8.86M | 10.00M | 12.28M | 16.17M | 24.73M | 64.76M |
| EBIT | -123.15M | -163.55M | -213.81M | -342.75M | -211.15M | -1.35B |
| EBIT Margin | -49.56% | -154.26% | -113.00% | -200.48% | -39.76% | -61.90% |
| Revenue as Reported | 106.02M | 106.02M | 189.21M | 170.96M | ||
| Advertising Expenses | 131.00K | 1.03M | 697.47M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 456.86M | 246.45M | 234.14M | 306.93M | 707.89M | 1.18B |
| Short-Term Investments | 160.76M | 125.41M | 173.66M | 25.55M | 9.97M | |
| Cash & Short-Term Investments | 456.86M | 407.21M | 359.56M | 480.59M | 733.44M | 1.19B |
| Accounts Receivable | 24.34M | 42.58M | 67.10M | 59.21M | 34.82M | |
| Other Receivables | 12.55M | 489.00K | 517.00K | 17.20M | 23.10M | |
| Receivables | 24.34M | 55.12M | 67.59M | 59.72M | 52.03M | 23.10M |
| Inventory | 15.66M | |||||
| Prepaid Expenses | 78.63M | 21.41M | 49.65M | 37.34M | ||
| Restricted Cash | 49.00K | 49.00K | 10.23M | |||
| Other Current Assets | 72.64M | 81.72M | 68.99M | 68.03M | 91.42M | |
| Total Current Assets | 559.83M | 550.68M | 508.91M | 630.73M | 913.38M | 1.34B |
| Property, Plant & Equipment | 31.73M | 37.46M | 38.18M | 52.02M | 62.35M | 223.77M |
| Other Long-Term Assets | 2.36M | 2.38M | 2.43M | 1.78M | 4.80M | 13.92M |
| Total Assets | 593.92M | 590.52M | 549.52M | 684.53M | 980.52M | 1.58B |
| Accrued Expenses | 135.11M | 110.15M | 101.96M | 124.97M | 148.55M | 376.50M |
| Current Portion of Leases | 4.51M | 4.99M | 6.80M | 7.65M | 18.72M | 46.88M |
| Current Unearned Revenue | 176.51M | 165.94M | 40.40M | 44.95M | 42.38M | 243.88M |
| Other Current Liabilities | 13.13M | 2.46M | 3.03M | 4.47M | 15.79M | |
| Total Current Liabilities | 316.13M | 294.21M | 151.62M | 180.60M | 214.13M | 683.06M |
| Long-Term Leases | 7.57M | 9.68M | 4.26M | 9.66M | 7.53M | 100.33M |
| Total Liabilities | 323.70M | 303.89M | 155.88M | 190.26M | 221.66M | 783.38M |
| Common Stock | 396.00K | 396.00K | 322.00K | 343.00K | 338.00K | 331.00K |
| Additional Paid-In Capital | 11.13B | 11.13B | 11.07B | 10.99B | 10.95B | 10.86B |
| Retained Earnings | -10.94B | -10.92B | -10.76B | -10.57B | -10.26B | -10.08B |
| Treasury Stock | -43.00K | -42.00K | -34.00K | -97.00K | -21.00K | |
| Comprehensive Income & Other | 72.11M | 77.53M | 86.41M | 77.36M | 62.69M | 18.69M |
| Total Common Equity | 270.22M | 286.63M | 393.64M | 494.27M | 758.86M | 797.04M |
| Shareholders' Equity | 270.22M | 286.63M | 393.64M | 494.27M | 758.86M | 797.04M |
| Total Liabilities & Equity | 593.92M | 590.52M | 549.52M | 684.53M | 980.52M | 1.58B |
| Total Debt | 12.07M | 14.68M | 11.06M | 17.31M | 26.25M | 147.21M |
| Net Cash (Debt) | 444.78M | 392.53M | 348.50M | 463.29M | 707.19M | 1.04B |
| Net Cash Per Share | 41.07 | 39.17 | 43.35 | 50.51 | 70.32 | 105.62 |
| Filing Date Shares Outstanding | 10.85M | 10.86M | 8.85M | 7.75M | 9.73M | 10.21M |
| Total Common Shares Outstanding | 10.85M | 10.84M | 8.89M | 7.75M | 9.75M | 10.16M |
| Working Capital | 243.70M | 256.47M | 357.29M | 450.13M | 699.25M | 659.67M |
| Book Value Per Share | 24.91 | 26.43 | 44.30 | 63.80 | 77.84 | 78.44 |
| Tangible Book Value | 270.22M | 286.63M | 393.64M | 494.27M | 758.86M | 797.04M |
| Tangible Book Value Per Share | 24.91 | 26.43 | 44.30 | 63.80 | 77.84 | 78.44 |
| Machinery | 88.34M | 82.55M | 88.78M | 105.72M | 195.72M | |
| Leasehold Improvements | 6.32M | 6.32M | 11.62M | 13.91M | 40.70M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -154.42M | -192.93M | -311.78M | -177.87M | -1.44B | |
| Depreciation & Amortization | 10.00M | 12.28M | 16.17M | 24.73M | 64.76M | |
| Loss (Gain) From Sale of Assets | 26.00K | 895.00K | 344.00K | 3.83M | ||
| Asset Writedown & Restructuring Costs | 5.76M | 3.64M | 121.29M | |||
| Stock-Based Compensation | 30.83M | 61.92M | 83.69M | 129.56M | 195.21M | |
| Provision & Write-off of Bad Debts | -805.00K | 12.31M | 12.98M | 1.70M | ||
| Other Operating Activities | 5.78M | 9.18M | 16.83M | 34.26M | 100.80M | |
| Change in Accounts Receivable | 25.20M | -20.58M | -31.17M | -36.43M | ||
| Change in Unearned Revenue | 125.54M | -4.55M | 2.56M | -201.49M | -354.41M | |
| Change in Other Net Operating Assets | -4.83M | -17.75M | -7.47M | -245.85M | -192.43M | |
| Operating Cash Flow | 37.33M | -139.22M | -212.07M | -463.93M | -1.51B | |
| Capital Expenditures | -6.86M | -9.37M | -26.59M | -2.76M | -129.36M | |
| Sale of Property, Plant & Equipment | 621.00K | 314.00K | 15.67M | 13.36M | 11.75M | |
| Investment in Securities | -35.36M | 44.65M | -150.22M | -19.53M | ||
| Investing Cash Flow | -41.60M | 35.59M | -161.14M | -8.93M | -117.60M | |
| Issuance of Common Stock | 28.98M | 22.40M | 36.00K | 91.00K | 10.51M | |
| Repurchase of Common Stock | -3.52M | -1.07M | -51.39M | -33.95M | ||
| Other Financing Activities | -9.56M | |||||
| Financing Cash Flow | 25.46M | 21.33M | -51.36M | -33.86M | 952.00K | |
| Foreign Exchange Rate Adjustments | -8.88M | 9.55M | 13.38M | 43.94M | -30.89M | |
| Net Cash Flow | 12.30M | -72.74M | -411.20M | -462.77M | -1.65B | |
| Free Cash Flow | 30.46M | -148.59M | -238.66M | -466.69M | -1.64B | |
| Free Cash Flow Margin | 28.73% | -78.53% | -139.60% | -87.88% | -74.89% | |
| Free Cash Flow Per Share | 3.04 | -18.48 | -26.02 | -46.41 | -165.57 | |
| Levered Free Cash Flow | 82.02M | -96.16M | -133.60M | -449.28M | -1.17B | |
| Unlevered Free Cash Flow | 82.02M | -96.16M | -133.60M | -449.28M | -1.17B | |
| Change in Working Capital | 145.92M | -42.87M | -36.08M | -483.78M | -546.84M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 29.20M | 38.64M | 12.36M | 20.15M | 104.16M | 61.64M |
| Enterprise Value | -36.28M | -8.10M | -33.67M | -46.43M | -11.07M | -227.00M |
| Last Close Price | 2.69 | 3.58 | 1.59 | 2.07 | 10.20 | 6.25 |
| PS Ratio | 0.80 | 2.55 | 0.48 | 0.84 | 1.35 | 0.18 |
| PB Ratio | 0.73 | 0.94 | 0.23 | 0.29 | 0.95 | 0.49 |
| P/TBV Ratio | 0.73 | 0.94 | 0.23 | 0.29 | 0.95 | 0.49 |
| P/FCF Ratio | 6.37 | 8.87 | ||||
| P/OCF Ratio | 7.24 | |||||
| Debt / Equity Ratio | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.18 |
| Debt / FCF Ratio | 0.48 | |||||
| Net Debt / Equity Ratio | -1.65 | -1.37 | -0.89 | -0.94 | -0.93 | -1.31 |
| Net Debt / EBITDA Ratio | 3.89 | 2.56 | 1.73 | 1.42 | 3.79 | 0.81 |
| Net Debt / FCF Ratio | -12.88 | 2.35 | 1.94 | 1.51 | 0.64 | |
| Asset Turnover | 0.46 | 0.19 | 0.31 | 0.20 | 0.41 | 0.88 |
| Quick Ratio | 1.52 | 1.57 | 2.82 | 2.99 | 3.67 | 1.78 |
| Current Ratio | 1.77 | 1.87 | 3.36 | 3.49 | 4.27 | 1.97 |
| Return on Equity (ROE) | -37.62% | -45.40% | -43.46% | -49.76% | -22.86% | -100.79% |
| Return on Assets (ROA) | -14.15% | -17.93% | -21.66% | -25.73% | -10.31% | -34.01% |
| Return on Capital Employed (ROCE) | -44.30% | -55.20% | -53.70% | -68.00% | -27.60% | -150.70% |
| Earnings Yield | -58.50% | -57.14% | -213.92% | -218.24% | -24.76% | -368.21% |
| FCF Yield | 15.69% | 11.27% | -164.76% | -167.06% | -64.96% | -417.79% |
| Buyback Yield / Dilution | -23.40% | -24.67% | 12.37% | 8.78% | -1.77% | -428.38% |