← ATA Creativity Global

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $64.7m $68.6m $195k $14.0m $24.9m $31.7m $30.0m $31.2m $36.7m $38.3m
Cost of Goods and Services Sold $32.3m $34.8m $102k $8.9m $15.1m $15.3m $15.1m $15.1m $17.4m $19.7m
Cost of revenues $208.0m $239.9m $4.3m $61.9m $98.5m $97.4m $104.3m $107.0m $126.8m $137.8m
Gross Profit $32.4m $33.8m ($424k) $5.2m $9.8m $16.4m $14.9m $16.1m $19.4m $18.6m
Research and development $36.5m $43.4m $19.6m $11.8m $8.8m $11.8m $6.8m $4.6m $3.7m $3.1m
Operating Costs and Expenses — — — $216.1m $270.0m $268.6m $263.4m $263.1m — —
Operating Expenses $24.4m $23.4m $10.0m $22.2m $26.3m $26.9m $23.1m $22.0m $25.3m $27.8m
Total operating expenses $157.4m $161.0m $68.7m $154.2m $171.5m $171.2m $159.1m $156.2m $184.5m $194.6m
Operating Income (Loss) $8.0m $10.4m ($9.9m) ($16.9m) ($16.5m) ($10.4m) ($8.2m) ($5.8m) ($5.9m) ($9.2m)
Additional Financial Items
Amortization of Intangible Assets $193k $1.6m $2.0m $12.4m $21.9m $17.2m $17.5m $17.2m $17.6m $13.9m
Foreign Currency Transaction Gain (Loss), before Tax ($233k) ($11k) $140k $7k ($161k) ($33k) $788 ($687) ($3k) ($3k)
Foreign Currency Transaction Gain (Loss), Realized ($314k) ($37k) ($6k) $8k ($161k) ($34k) ($47) ($1) $0 ($72)
Gain (Loss) on Investments — — — — — — — — — $1.7m
Goodwill, Impairment Loss $0 $0 — — — $0 — $0 $0 $4.8m
Income (Loss) from Continuing Operations, Per Basic Share — — ($2) ($3) ($2) ($1) — — — —
Income (Loss) from Continuing Operations, Per Diluted Share — — ($2) ($3) ($2) ($1) — — — —
Income (Loss) from Equity Method Investments ($1.4m) ($2.3m) — ($1k) — — — — — —
Investment Income, Interest $554k — — — — — — — — —
Other Operating Income — — $552k $588k $330k $22k $17k $31k $175k $176k
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $131k — — — — — — — — —
Sales and marketing $42.6m $47.8m $5.6m $34.1m $53.5m $66.1m $75.3m $78.7m $99.9m $82.6m
General and administrative $78.3m $69.1m $43.5m $81.9m $100.1m $93.3m $77.1m $72.8m $80.9m $78.8m
Goodwill impairment — — — — — — — $0 $0 $33.9m
Loss from operations $51.7m $71.5m ($67.8m) ($117.8m) ($107.5m) ($66.4m) ($56.6m) ($41.5m) ($43.0m) ($64.1m)
Gain (loss) on deconsolidation of subsidiaries and others, net — — — ($8k) ($1.8m) $33.5m $1.3m — ($438k) $11.9m
Foreign currency exchange losses, net ($1.5m) ($73k) $960k $51k ($1.1m) ($213k) $5k ($5k) ($19k) ($19k)
Loss before income taxes $45.0m $28.6m ($68.1m) ($141.3m) ($110.9m) ($37.9m) ($54.5m) ($40.5m) ($42.5m) ($51.6m)
Income tax benefit $18.9m $38.6m — ($7.1m) ($10.3m) ($1.5m) ($5.9m) ($6.8m) ($6.4m) ($3.6m)
Net loss $26.1m ($10.0m) $850.6m ($129.2m) ($100.6m) ($36.4m) ($48.6m) ($33.7m) ($36.1m) ($48.0m)
Net loss attributable to non-redeemable non-controlling interests — ($253k) ($1.1m) ($4.1m) ($5.8m) ($2.0m) ($701k) ($50k) ($95) ($29)
Net loss attributable to ATA Creativity Global $26.1m ($9.7m) $854.9m ($122.3m) ($92.2m) ($33.6m) ($47.9m) ($33.7m) ($36.1m) ($48.0m)
Foreign currency translation adjustment, net of nil income tax $2.0m $658k ($11.4m) $810k $53k ($135k) $557k ($1k) $52k ($495k)
Comprehensive loss $28.1m ($9.9m) $839.2m ($128.4m) ($100.5m) ($36.5m) ($48.0m) ($33.7m) ($36.0m) ($48.5m)
Comprehensive loss attributable to non-redeemable non-controlling interests — ($253k) ($1.1m) ($4.1m) ($5.8m) ($2.0m) ($701k) ($50k) ($95) ($29)
Comprehensive loss attributable to ATA Creativity Global $28.1m ($9.6m) $843.5m ($121.4m) ($92.1m) ($33.8m) ($47.3m) ($33.7m) ($36.0m) ($48.5m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $7.0m $4.2m ($9.9m) ($20.3m) ($17.0m) ($6.0m) ($7.9m) ($5.7m) ($5.8m) ($7.4m)
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax — — ($2.8m) — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — ($9.3m) ($18.3m) ($14.1m) ($5.3m) — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — ($9.9m) ($19.3m) ($15.4m) ($5.7m) — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — $133.6m $703k — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — $133.6m $703k — — — — — —
Total other income, net — — ($262k) ($23.5m) ($3.4m) $28.4m $2.1m $974k $545k $12.5m
Total other comprehensive income (loss) $2.0m $104k ($11.4m) $810k $53k ($135k) $557k ($1k) $52k ($495k)
Net Income (Loss) Attributable to Parent $4.0m ($1.4m) $124.3m ($17.6m) ($14.1m) ($5.3m) ($6.9m) ($4.7m) ($4.9m) ($6.9m)
Net Income (Loss) Available to Common Stockholders, Basic $25.9m ($9.7m) $835.6m ($128.3m) ($98.4m) ($35.9m) ($47.9m) ($33.7m) ($36.1m) ($48.0m)
Net Income (Loss) Attributable to Noncontrolling Interest — ($37k) — — — — — — — —
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest — ($253k) — — — — ($102k) ($7k) ($13) ($4)
Earnings Per Share, Basic $0.09 ($0.03) $18.25 ($2.52) ($1.57) ($0.57) ($0.11) ($0.08) ($0.08) ($0.11)
Earnings Per Share, Diluted $0.09 ($0.03) $18.25 ($2.52) ($1.57) ($0.57) ($0.11) ($0.08) ($0.08) ($0.11)
Weighted Average Number of Shares Outstanding, Diluted 45.6m 45.8m 45.8m 50.9m 62.7m 62.7m 62.8m 62.8m 63.0m 63.4m
Research and Development Expense $5.7m $6.3m $2.8m $1.7m $1.4m $1.9m $985k $652k $507k $439k
General and Administrative Expense $12.1m $10.0m $6.3m $11.8m $15.3m $14.6m $11.2m $10.3m $11.1m $11.3m
Other Nonoperating Income (Expense) — — ($262k) ($3.4m) ($517k) $4.5m $300k $137k $75k $1.8m
Costs and Expenses — — — — — — — — $311.3m $332.4m
Nonoperating Income (Expense) ($1.0m) ($6.2m) ($38k) — — — — — — —
Operating Lease, Expense — — — $13.9m $29.1m $24.8m $18.5m — — —
Selling and Marketing Expense $6.6m $6.9m $810k $4.9m $8.2m $10.4m $10.9m $11.1m $13.7m $11.8m
Interest income, net of interest expenses $3.6m $3.9m $2.4m $3.3m $1.2m $1.1m $757k $979k $1.0m $624k
Interest Income (Expense), Nonoperating, Net — $569k $350k $471k $180k $174k $110k $138k $137k $89k
Other Operating Income (Expense), Net — — $3.8m $588k $330k $22k $17k $31k $24k $25k
Income Tax Expense (Benefit) $2.9m $5.6m — ($1.0m) ($1.6m) ($242k) ($859k) ($959k) ($877k) ($512k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.