InsiderClue
Stocks · Consumer discretionary · Services-Educational Services

17 Education & Technology Group Inc.

YQ Clue Score39
China Fiscal year ends December CIK 0001821468
$3.39 +1.50% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.39 +300.28% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 4 Dec 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue310.7Operating income−699.5Net income−656.1Fiscal year 2019Revenue406.2 +30.7%Operating income−1,000.1Net income−963.8Fiscal year 2020Revenue1,294.4 +218.6%Operating income−1,334.1Net income−1,339.9EPS, diluted−44.68Fiscal year 2021Revenue2,184.5 +68.8%Operating income−1,473.5Net income−1,441.9EPS, diluted−2.92Fiscal year 2022Revenue531.1 −75.7%Operating income−211.1Net income−177.9EPS, diluted−0.35Fiscal year 2023Revenue171.0 −67.8%Operating income−342.8Net income−311.8EPS, diluted−0.68Fiscal year 2024Revenue189.2 +10.7%Operating income−213.8Net income−192.9EPS, diluted−0.48Fiscal year 2025Revenue106.0 −44.0%Operating income−163.6Net income−154.4EPS, diluted−0.31
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 310.7 406.2 1,294.4 2,184.5 531.1 171.0 189.2 106.0
Growth +30.7% +218.6% +68.8% −75.7% −67.8% +10.7% −44.0%
Operating income −699.5 −1,000.1 −1,334.1 −1,473.5 −211.1 −342.8 −213.8 −163.6
Net income −656.1 −963.8 −1,339.9 −1,441.9 −177.9 −311.8 −192.9 −154.4
Growth
EPS, diluted n/a n/a −44.68 −2.92 −0.35 −0.68 −0.48 −0.31

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin66.2%Operating margin−225.1%Net margin−211.2%Free cash flow margin−145.7%Fiscal year 2019Gross margin57.3%Operating margin−246.2%Net margin−237.2%Free cash flow margin−167.4%Fiscal year 2020Gross margin61.7%Operating margin−103.1%Net margin−103.5%Free cash flow margin−47.3%Fiscal year 2021Gross margin59.8%Operating margin−67.5%Net margin−66.0%Free cash flow margin−74.9%Fiscal year 2022Gross margin61.2%Operating margin−39.8%Net margin−33.5%Free cash flow margin−87.9%Fiscal year 2023Gross margin47.2%Operating margin−200.5%Net margin−182.4%Free cash flow margin−139.6%Fiscal year 2024Gross margin36.6%Operating margin−113.0%Net margin−102.0%Free cash flow margin−78.5%Fiscal year 2025Gross margin47.8%Operating margin−154.3%Net margin−145.6%Free cash flow margin28.7%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 66.2% 57.3% 61.7% 59.8% 61.2% 47.2% 36.6% 47.8%
Operating margin −225.1% −246.2% −103.1% −67.5% −39.8% −200.5% −113.0% −154.3%
Net margin −211.2% −237.2% −103.5% −66.0% −33.5% −182.4% −102.0% −145.6%
Free cash flow margin −145.7% −167.4% −47.3% −74.9% −87.9% −139.6% −78.5% 28.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−418.9Capital expenditure−33.9Free cash flow−452.8Buybacks−21.1Fiscal year 2019Operating cash flow−631.3Capital expenditure−48.6Free cash flow−679.9Fiscal year 2020Operating cash flow−523.0Capital expenditure−89.5Free cash flow−612.5Fiscal year 2021Operating cash flow−1,506.7Capital expenditure−129.4Free cash flow−1,636.0Fiscal year 2022Operating cash flow−463.9Capital expenditure−2.8Free cash flow−466.7Fiscal year 2023Operating cash flow−212.1Capital expenditure−26.6Free cash flow−238.7Fiscal year 2024Operating cash flow−139.2Capital expenditure−9.4Free cash flow−148.6Fiscal year 2025Operating cash flow37.3Capital expenditure−6.9Free cash flow30.5
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −418.9 −631.3 −523.0 −1,506.7 −463.9 −212.1 −139.2 37.3
Capital expenditure −33.9 −48.6 −89.5 −129.4 −2.8 −26.6 −9.4 −6.9
Free cash flow −452.8 −679.9 −612.5 −1,636.0 −466.7 −238.7 −148.6 30.5
Growth
Buybacks −21.1 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2018Cash1,253.0Shareholders’ equity−2,976.2Fiscal year 2019Cash653.9Shareholders’ equity−4,459.9Fiscal year 2020Cash2,835.0Shareholders’ equity2,064.2Fiscal year 2021Cash1,180.9Shareholders’ equity797.0Fiscal year 2022Cash707.9Shareholders’ equity758.9Fiscal year 2023Cash306.9Shareholders’ equity494.3Fiscal year 2024Cash234.1Shareholders’ equity393.6Fiscal year 2025Cash246.4Shareholders’ equity286.6
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,253.0 653.9 2,835.0 1,180.9 707.9 306.9 234.1 246.4
Shareholders’ equity −2,976.2 −4,459.9 2,064.2 797.0 758.9 494.3 393.6 286.6

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
310.7 406.2 1,294.4 2,184.5 531.1 171.0 189.2 106.0
Growth +30.7% +218.6% +68.8% −75.7% −67.8% +10.7% −44.0%
105.0 173.5 495.7 878.2 206.2 90.3 120.0 55.4
205.7 232.8 798.7 1,306.3 324.9 80.7 69.2 50.6
Growth +13.1% +243.1% +63.6% −75.1% −75.2% −14.2% −26.8%
398.6 491.3 614.8 800.2 235.8 167.9 72.0 56.2
203.1 157.8 420.1 445.4 221.0 154.3 134.9 75.0
−699.5 −1,000.1 −1,334.1 −1,473.5 −211.1 −342.8 −213.8 −163.6
Growth
−656.1 −963.8 −1,339.9 −1,441.9 −177.9 −311.8 −192.9 −154.4
n/a n/a 0.0 0.0 0.0 0.0 0.0 0.0
−656.1 −963.8 −1,339.9 −1,441.9 −177.9 −311.8 −192.9 −154.4
Growth
Per share
n/a n/a −44.68 −2.92 −0.35 −0.68 −0.48 −0.31
n/a n/a −44.68 −2.92 −0.35 −0.68 −0.48 −0.31
Growth
n/a n/a 93.5 494.1 502.8 458.6 401.9 501.1
n/a n/a 93.5 494.1 502.8 458.6 401.9 501.1
Growth +428.4% +1.8% −8.8% −12.4% +24.7%

† The diluted share count jumps at 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Shown in CNY as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 39.4% a year over five years.
  • Operating margin is down 51.2 points on five years ago, at -154.3%.
  • A net loss in 8 of 8 years on file.