← 17 Education & Technology Group Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $310.7m |
$406.2m
+30.75%
|
$198.4m
-51.17%
|
$342.8m
+72.81%
|
$77.0m
-77.54%
|
$171.0m
+122.04%
|
$189.2m
+10.67%
|
$106.0m
-43.97%
|
$183.8m
+73.36%
|
|
| Total net revenues | $310.7m | $406.2m | $1.3b | $2.2b | $531.1m | $171.0m | $189.2m | $106.0m | — | |
| Cost of Goods and Services Sold | ($105.0m) |
$173.5m
+265.27%
|
$76.0m
-56.21%
|
$137.8m
+81.42%
|
$29.9m
-78.31%
|
$12.7m
-57.48%
|
$16.4m
+29.32%
|
$7.9m
-51.81%
|
$79.4m
+902.69%
|
|
| Cost of revenues | ($105.0m) |
($173.5m)
-65.27%
|
($495.7m)
-185.73%
|
($878.2m)
-77.18%
|
($206.2m)
+76.52%
|
($90.3m)
+56.23%
|
($120.0m)
-32.96%
|
($55.4m)
+53.84%
|
$79.4m
+243.39%
|
|
| Gross Profit | $205.7m |
$232.8m
+13.14%
|
$122.4m
-47.41%
|
$205.0m
+67.46%
|
$47.1m
-77.02%
|
$11.4m
-75.87%
|
$9.5m
-16.58%
|
$7.2m
-23.66%
|
$104.4m
+1341.84%
|
|
| Research And Development | $398.6m | $491.3m | $614.8m | $800.2m | $235.8m | $167.9m | $72.0m | $56.2m | $59.8m | |
| Research and Development Expense | — | $491.3m | $94.2m | $125.6m | $34.2m | $23.7m | $9.9m | $8.0m | $59.8m | |
| Selling and Marketing Expense | — | $583.8m | $168.3m | $221.7m | $11.5m | $14.3m | $10.4m | $11.9m | $195.6m | |
| Sales and marketing expenses | ($303.5m) | ($583.8m) | ($1.1b) | ($1.4b) | ($79.1m) | ($101.3m) | ($76.1m) | ($83.0m) | — | |
| General and Administrative Expense | — | $157.8m | $64.4m | $69.9m | $32.0m | $21.7m | $18.5m | $10.7m | $149.9m | |
| General and administrative expenses | ($203.1m) | ($157.8m) | ($420.1m) | ($445.4m) | ($221.0m) | ($154.3m) | ($134.9m) | ($75.0m) | $149.9m | |
| Operating Expenses | — | $1.2b | $326.9m | $436.2m | $77.7m | $59.6m | $38.8m | $30.6m | $255.3m | |
| Total operating expenses | ($905.2m) | ($1.2b) | ($2.1b) | ($2.8b) | ($536.0m) | ($423.5m) | ($283.0m) | ($214.2m) | $255.3m | |
| Loss from operations | ($699.5m) |
($1.0b)
-42.97%
|
($1.3b)
-33.40%
|
($1.5b)
-10.45%
|
($211.1m)
+85.67%
|
($342.8m)
-62.33%
|
($213.8m)
+37.62%
|
($163.6m)
+23.51%
|
— | |
| Other Non Operating Income Expenses | $882k | $102k | $4.3m | $4.7m | $21.8m | $4.0m | $4.4m | $661k | — | |
| Operating Income (Loss) | — | ($1.0b) |
($204.5m)
+79.56%
|
($231.2m)
-13.09%
|
($30.6m)
+86.76%
|
($48.3m)
-57.70%
|
($29.3m)
+39.32%
|
($23.4m)
+20.16%
|
($151.0m)
-545.51%
|
|
| Interest Expense | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | $0 | |
| Investment Income, Interest | — | $23.8m | $1.3m | $3.9m | $1.6m | $3.9m | $2.2m | $1.2m | — | |
| Interest income | $34.0m | $23.8m | $8.4m | $24.6m | $11.4m | $27.8m | $16.3m | $8.7m | $7.8m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $12.9m | ($2.4m) | $365k | $23k | ($113k) | $31k | ($26k) | — | |
| Gain On Sale Of Security | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | ($124k) | |
| Other income, net | $882k | $102k | $4.3m | $4.7m | $21.8m | $4.0m | $4.4m | $661k | $389k | |
| Other Income Expense | — | — | — | — | $21.9m | $3.2m | $4.6m | $479k | $389k | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | ($108.3m) | ($142.8m) | |
| Pre-Tax Income | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | ($142.8m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | ($963.8m) | ($205.3m) | ($226.3m) | ($25.8m) | ($43.9m) | ($26.4m) | ($22.1m) | ($142.8m) | |
| Loss before provision for income tax | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | — | |
| Income Tax Expense (Benefit) | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | $6k | |
| Net loss | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | — | |
| Net Income From Continuing And Discontinued Operation | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | ($142.8m) | |
| Net loss available to ordinary shareholders of 17 Education & Technology Group Inc. | ($900.4m) | ($1.6b) | ($4.2b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | — | |
| Net Income (Loss) Attributable to Parent | — | ($963.8m) |
($205.3m)
+78.69%
|
($226.3m)
-10.19%
|
($25.8m)
+88.60%
|
($43.9m)
-70.29%
|
($26.4m)
+39.82%
|
($22.1m)
+16.45%
|
($142.8m)
-546.85%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($1.6b) |
($640.3m)
+59.07%
|
($226.3m)
+64.66%
|
($25.8m)
+88.60%
|
($43.9m)
-70.29%
|
($26.4m)
+39.82%
|
($22.1m)
+16.45%
|
($142.8m)
-546.85%
|
|
| Otherunder Preferred Stock Dividend | — | — | — | $0 | $0 | — | — | — | — | |
| Earnings Per Share, Basic | ($18.50) | ($27.25) | ($44.68) | ($2.92) | ($0.05) | ($0.10) | ($0.07) | ($0.04) | ($14.00) | |
| Earnings Per Share, Diluted | ($18.50) | ($27.25) | ($44.68) | ($2.92) | ($0.05) | ($0.10) | ($0.07) | ($0.04) | ($14.00) | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | 93.5m | 494.1m | 502.8m | 458.6m | 401.9m | 501.1m | 10.4m | |
| Basic Average Shares | — | — | — | — | $9.7m | $8.7m | $8.7m | $11.4m | $10.4m | |
| Diluted Average Shares | — | — | — | — | $9.7m | $8.7m | $8.7m | $11.4m | $10.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | 93.5m | 494.1m | 502.8m | 458.6m | 401.9m | 501.1m | 10.4m | |
| Additional Financial Items | ||||||||||
| Impairment for property and equipment, right-of-use assets and rental deposits | — | — | — | ($121.3m) | — | — | — | — | — | |
| Foreign currency exchange (loss) gain | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | — | |
| Diluted EPS | — | — | — | — | ($17.50) | ($11.50) | ($7.50) | ($4.50) | ($14.00) | |
| Diluted NI Availto Com Stockholders | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | ($142.8m) | |
| Impairment Of Capital Assets | — | — | — | $121.3m | $0 | $0 | — | — | — | |
| Normalized EBITDA | — | — | — | — | ($186.6m) | ($325.8m) | ($201.8m) | ($153.4m) | ($151.0m) | |
| Normalized Income | — | — | — | — | ($178.0m) | ($311.0m) | ($193.2m) | ($154.2m) | ($142.7m) | |
| Other Gand A | — | — | — | — | $81.1m | $55.0m | $44.3m | $19.0m | — | |
| Reconciled Depreciation | — | — | — | — | $24.7m | $16.2m | $12.3m | $10.0m | $10.0m | |
| Salaries And Wages | — | — | — | — | $236.1m | $158.2m | $139.1m | $123.5m | $123.5m | |
| Selling General And Administration | — | — | — | — | $300.2m | $255.5m | $211.0m | $158.0m | — | |
| Special Income Charges | — | — | — | ($121.3m) | $0 | $0 | — | — | — | |
| Tax Effect Of Unusual Items | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | $0 | |
| Tax Provision | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | $6k | |
| Tax Rate For Calcs | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Unusual Items | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | ($124k) | |
| Total Expenses | — | — | — | — | $742.2m | $513.7m | $403.0m | $269.6m | $255.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.