← Sunlands Technology Group
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $418.9m | $970.2m | $287.1m | $315.1m | $337.7m | $393.5m | $336.8m | $304.2m | $272.7m | $288.8m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $974.7m | $2.0b | $2.2b | $2.2b | $2.5b | $2.3b | $2.2b | $2.0b | $2.0b | |
| Cost of Goods and Services Sold | ($71.0m) | $170.3m | $48.1m | $56.9m | $59.4m | $59.0m | $50.5m | $37.4m | $43.5m | $37.8m | |
| Cost of revenues | ($71.0m) | ($170.3m) | ($330.4m) | ($396.3m) | ($387.3m) | ($376.2m) | ($348.1m) | ($265.5m) | ($317.6m) | ($264.4m) | |
| Cost Of Revenue | — | — | — | — | — | — | $348.1m | $265.5m | $317.6m | $264.4m | |
| Reconciled Cost Of Revenue | — | — | — | — | — | — | $348.1m | $265.5m | $317.6m | $264.4m | |
| Gross Profit | $347.9m | $799.9m | $239.1m | $258.2m | $278.4m | $334.5m | $286.3m | $266.8m | $229.2m | $251.0m | |
| Research And Development | — | — | — | — | — | — | $42.8m | $33.7m | $25.0m | $29.6m | |
| Operating Expenses | — | $1.7b | $388.7m | $324.2m | $377.9m | $316.6m | $196.9m | $185.8m | $188.3m | $197.2m | |
| Total operating expenses | ($607.0m) | ($1.7b) | ($2.7b) | ($2.3b) | ($2.5b) | ($2.0b) | ($1.4b) | ($1.3b) | ($1.4b) | ($1.4b) | |
| Operating Income (Loss) | ($259.0m) | ($927.7m) | ($149.7m) | ($66.0m) | ($99.5m) | $17.9m | $89.4m | $81.0m | $40.8m | $53.8m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | $776k | $848k | $973k | $602k | $1.3m | $1.3m | $1.5m | $682k | $473k | |
| Income (Loss) from Equity Method Investments | — | ($4.9m) | $249k | ($20k) | $207k | ($767k) | $936k | ($1.4m) | ($1.9m) | ($648k) | |
| Investment Income, Interest | — | — | — | — | $4.0m | $2.5m | $2.4m | $4.4m | $5.3m | $3.4m | |
| Impairment loss on long-lived assets | — | — | — | — | — | — | — | $0 | $0 | ($67.9m) | |
| Interest income | $3.1m | $13.6m | $70.4m | $60.2m | $25.8m | $16.2m | $16.2m | $31.1m | $38.8m | $23.6m | |
| Other income, net | $2.4m | $276k | $32.1m | $21.3m | $203.2m | $39.2m | $24.5m | $34.1m | $26.3m | $30.1m | |
| Impairment loss on long-term investments | — | — | — | — | ($882k) | ($5.0m) | ($500k) | ($61k) | $0 | $0 | |
| Gain/(loss) on disposal of subsidiaries | — | — | — | — | — | $44.0m | $1.4m | $43.7m | ($838k) | $0 | |
| Loss from equity method investments | ($253.6m) | ($4.9m) | $1.7m | ($136k) | $1.3m | ($4.9m) | $6.5m | ($10.1m) | ($13.5m) | ($4.5m) | |
| Diluted EPS | — | — | — | — | — | — | $47.07 | $46.44 | $25.06 | $27.14 | |
| Diluted NI Availto Com Stockholders | — | — | — | — | — | — | $644.0m | $640.8m | $342.1m | $365.6m | |
| Earnings From Equity Interest Net Of Tax | ($253.6m) | ($4.9m) | $1.7m | ($136k) | $1.3m | ($4.9m) | $6.5m | ($10.1m) | ($13.5m) | ($4.5m) | |
| Excise Taxes | — | — | — | — | — | — | $5.7m | $4.1m | $4.1m | $4.9m | |
| Gain On Sale Of Business | — | — | — | — | — | $44.0m | $1.4m | $43.7m | ($838k) | $0 | |
| Impairment Of Capital Assets | — | — | — | — | — | — | — | $0 | $0 | $67.9m | |
| Interest Income Non Operating | $3.1m | $13.6m | $70.4m | $60.2m | $25.8m | $16.2m | $16.2m | $31.1m | $38.8m | $23.6m | |
| Minority Interests | — | — | — | — | — | $6.7m | $950k | ($1k) | $0 | — | |
| Net Income From Continuing And Discontinued Operation | — | — | — | — | — | — | $644.0m | $640.8m | $342.1m | $365.6m | |
| Net Income From Continuing Operation Net Minority Interest | — | — | — | — | — | — | $644.0m | $640.8m | $342.1m | $365.6m | |
| Net Interest Income | — | — | — | — | — | — | $6.2m | $23.4m | $33.5m | $22.8m | |
| Normalized EBITDA | — | — | — | — | — | — | $704.4m | $670.7m | $392.5m | $527.0m | |
| Normalized Income | — | — | — | — | — | — | $643.1m | $598.8m | $342.9m | $424.2m | |
| Other Gand A | — | — | — | — | — | — | $185.7m | $143.3m | $132.8m | $143.8m | |
| Reconciled Depreciation | — | — | — | — | — | — | $46.7m | $30.6m | $29.5m | $28.8m | |
| Rent And Landing Fees | — | — | — | — | — | — | $9.3m | $5.2m | $13.7m | $14.6m | |
| Salaries And Wages | — | — | — | — | — | — | $564.7m | $518.0m | $548.6m | $519.7m | |
| Selling General And Administration | — | — | — | — | — | — | $1.3b | $1.3b | $1.3b | $1.3b | |
| Special Income Charges | — | — | — | — | — | — | $890k | $43.7m | ($838k) | ($67.9m) | |
| Tax Effect Of Unusual Items | — | — | — | — | — | — | $16k | $1.6m | ($3k) | ($9.4m) | |
| Tax Provision | — | — | — | — | — | — | $12.0m | $25.2m | $1.3m | $59.3m | |
| Tax Rate For Calcs | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Write Off | — | — | — | — | — | — | $500k | $61k | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | ($913.8m) | ($928.7m) | ($392.6m) | ($432.6m) | $31.0m | $648.5m | $676.1m | $356.9m | $429.5m | |
| Total Unusual Items | — | — | — | — | — | — | $890k | $43.7m | ($838k) | ($67.9m) | |
| Total Unusual Items Excluding Goodwill | — | — | — | — | — | — | $890k | $43.7m | ($838k) | ($67.9m) | |
| Pre-Tax Income | — | ($913.8m) | ($928.7m) | ($392.6m) | ($432.6m) | $31.0m | $648.5m | $676.1m | $356.9m | $429.5m | |
| Less: Net income attributable to non-controlling interest | — | ($136k) | $72k | ($348k) | ($446k) | ($6.7m) | ($950k) | $1k | $0 | $0 | |
| Weighted average shares used in calculating net income per ordinary share, Basic | — | — | — | — | $6.8m | $6.7m | $6.8m | $6.9m | $6.8m | $6.7m | |
| Weighted average shares used in calculating net income per ordinary share, Diluted | — | — | — | — | $6.8m | $6.7m | $6.8m | $6.9m | $6.8m | $6.7m | |
| Net Income Continuous Operations | — | — | — | — | — | — | $643.0m | $640.8m | $342.1m | $365.6m | |
| Net Income (Loss) Attributable to Parent | ($253.6m) | ($918.6m) | ($134.8m) | ($56.7m) | ($66.0m) | $34.4m | $93.4m | $90.3m | $46.9m | $52.3m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($136k) | $10k | ($50k) | ($68k) | ($1.1m) | ($138k) | $0 | $0 | $0 | |
| Net Income Including Noncontrolling Interests | — | — | — | — | — | — | $643.0m | $640.8m | $342.1m | $365.6m | |
| Earnings Per Share, Basic | ($66.40) | ($232.80) | ($147.27) | ($57.81) | ($63.74) | $32.56 | $13.65 | $13.08 | $6.87 | $7.76 | |
| Earnings Per Share, Diluted | ($66.40) | ($232.80) | ($147.27) | ($57.81) | ($63.74) | $32.56 | $13.65 | $13.08 | $6.87 | $7.76 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | 6.8m | 6.7m | 6.8m | 6.9m | 6.8m | 6.7m | |
| Basic Average Shares | — | — | — | — | — | — | $13.7m | $13.8m | $13.6m | $13.5m | |
| Diluted Average Shares | — | — | — | — | — | — | $13.7m | $13.8m | $13.6m | $13.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | 6.8m | 6.7m | 6.8m | 6.9m | 6.8m | 6.7m | |
| Research and Development Expense | — | $32.9m | $11.1m | $14.6m | $10.2m | $9.6m | $6.2m | $4.8m | $3.4m | $4.2m | |
| General and Administrative Expense | — | $342.9m | $64.5m | $52.2m | $42.2m | $32.6m | $26.9m | $20.2m | $18.2m | $20.6m | |
| General and administrative expenses | ($89.4m) | ($342.9m) | ($443.7m) | ($363.3m) | ($275.4m) | ($207.6m) | ($185.7m) | ($143.3m) | ($132.8m) | ($143.8m) | |
| Other Nonoperating Income (Expense) | — | $276k | $4.7m | $3.1m | $31.1m | $6.1m | $3.6m | $4.8m | $3.6m | $4.3m | |
| Operating Lease, Expense | — | — | — | $96.2m | — | — | — | — | — | — | |
| Selling and Marketing Expense | — | $1.4b | $313.1m | $257.4m | $325.5m | $274.4m | $163.8m | $160.9m | $166.7m | $162.7m | |
| Sales and marketing expenses | ($503.6m) | ($1.4b) | ($2.2b) | ($1.8b) | ($2.1b) | ($1.7b) | ($1.1b) | ($1.1b) | ($1.2b) | ($1.1b) | |
| Product development expenses | ($13.9m) | ($32.9m) | ($76.0m) | ($101.7m) | ($66.5m) | ($61.3m) | ($42.8m) | ($33.7m) | ($25.0m) | ($29.6m) | |
| Interest Expense | — | — | $316k | $2.1m | $1.8m | $1.7m | $1.5m | $1.1m | $725k | $122k | |
| Income before income tax expenses and loss from equity method investments | ($253.6m) | ($913.8m) | ($928.7m) | ($392.6m) | ($432.6m) | $197.6m | $648.5m | $676.1m | $356.9m | $429.5m | |
| Income tax expenses | $0 | $0 | $0 | ($2.4m) | $236k | $19.6m | ($12.0m) | ($25.2m) | ($1.3m) | ($59.3m) | |
| Interest Expense Non Operating | — | — | — | — | — | — | $10.1m | $7.7m | $5.3m | $852k | |
| Net Non Operating Interest Income Expense | — | — | — | — | — | — | $6.2m | $23.4m | $33.5m | $22.8m | |
| Operating Expense | — | — | — | — | — | — | $1.4b | $1.3b | $1.4b | $1.3b | |
| Other Income Expense | — | — | — | — | — | — | $25.4m | $77.8m | $25.5m | ($37.8m) | |
| Other Non Operating Income Expenses | $2.4m | $276k | $32.1m | $21.3m | $203.2m | $39.2m | $24.5m | $34.1m | $26.3m | $30.1m | |
| Rent Expense Supplemental | — | — | — | — | — | — | $9.3m | $5.2m | $13.7m | $14.6m | |
| Income Tax Expense (Benefit) | — | $0 | $0 | $350k | ($36k) | ($3.1m) | $1.7m | $3.5m | $178k | $8.5m | |
| Total Expenses | — | — | — | — | — | — | $1.7b | $1.6b | $1.7b | $1.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.