← 17 Education & Technology Group Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $34.0m | $406.2m | $198.4m | $342.8m | $77.0m | $24.1m | $25.9m | $15.2m | |
| 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 | $76.0m | $137.8m | $29.9m | $12.7m | $16.4m | $7.9m | |
| Cost of revenues | ($105.0m) | ($173.5m) | ($495.7m) | ($878.2m) | ($206.2m) | ($90.3m) | ($120.0m) | ($55.4m) | |
| Cost Of Revenue | — | — | — | — | $206.2m | $90.3m | $120.0m | $55.4m | |
| Reconciled Cost Of Revenue | — | — | — | — | $206.2m | $90.3m | $120.0m | $55.4m | |
| Gross Profit | $205.7m | $232.8m | $122.4m | $205.0m | $47.1m | $11.4m | $9.5m | $7.2m | |
| Research And Development | — | — | — | — | $235.8m | $167.9m | $72.0m | $56.2m | |
| Operating Expenses | — | $1.2b | $326.9m | $436.2m | $77.7m | $59.6m | $38.8m | $30.6m | |
| Total operating expenses | ($905.2m) | ($1.2b) | ($2.1b) | ($2.8b) | ($536.0m) | ($423.5m) | ($283.0m) | ($214.2m) | |
| Operating Income (Loss) | — | ($1.0b) | ($204.5m) | ($231.2m) | ($30.6m) | ($48.3m) | ($29.3m) | ($23.4m) | |
| Additional Financial Items | |||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | $12.9m | ($2.4m) | $365k | $23k | ($113k) | $31k | ($26k) | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | ($108.3m) | |
| Investment Income, Interest | — | $23.8m | $1.3m | $3.9m | $1.6m | $3.9m | $2.2m | $1.2m | |
| Impairment for property and equipment, right-of-use assets and rental deposits | — | — | — | ($121.3m) | — | — | — | — | |
| Loss from operations | ($699.5m) | ($1.0b) | ($1.3b) | ($1.5b) | ($211.1m) | ($342.8m) | ($213.8m) | ($163.6m) | |
| Interest income | $34.0m | $23.8m | $8.4m | $24.6m | $11.4m | $27.8m | $16.3m | $8.7m | |
| Foreign currency exchange (loss) gain | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | |
| Other income, net | $882k | $102k | $4.3m | $4.7m | $21.8m | $4.0m | $4.4m | $661k | |
| Loss before provision for income tax | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Net loss | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| 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) | |
| Diluted EPS | — | — | — | — | ($17.50) | ($11.50) | ($7.50) | ($4.50) | |
| Diluted NI Availto Com Stockholders | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Gain On Sale Of Security | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | |
| Impairment Of Capital Assets | — | — | — | $121.3m | $0 | $0 | — | — | |
| Interest Income Non Operating | $34.0m | $23.8m | $8.4m | $24.6m | $11.4m | $27.8m | $16.3m | $8.7m | |
| Net Income From Continuing And Discontinued Operation | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Net Income From Continuing Operation Net Minority Interest | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Net Interest Income | $34.0m | $23.8m | $8.4m | $24.6m | $11.4m | $27.8m | $16.3m | $8.7m | |
| Normalized EBITDA | — | — | — | — | ($186.6m) | ($325.8m) | ($201.8m) | ($153.4m) | |
| Normalized Income | — | — | — | — | ($178.0m) | ($311.0m) | ($193.2m) | ($154.2m) | |
| Other Gand A | — | — | — | — | $81.1m | $55.0m | $44.3m | $19.0m | |
| Otherunder Preferred Stock Dividend | — | — | — | $0 | $0 | — | — | — | |
| Reconciled Depreciation | — | — | — | — | $24.7m | $16.2m | $12.3m | $10.0m | |
| Salaries And Wages | — | — | — | — | $236.1m | $158.2m | $139.1m | $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 | |
| Tax Provision | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | |
| Tax Rate For Calcs | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | ($963.8m) | ($205.3m) | ($226.3m) | ($25.8m) | ($43.9m) | ($26.4m) | ($22.1m) | |
| Total Unusual Items | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | |
| Total Unusual Items Excluding Goodwill | $8.6m | $12.9m | ($15.6m) | $2.3m | $159k | ($801k) | $226k | ($182k) | |
| Pre-Tax Income | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Net Income Continuous Operations | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Net Income (Loss) Attributable to Parent | — | ($963.8m) | ($205.3m) | ($226.3m) | ($25.8m) | ($43.9m) | ($26.4m) | ($22.1m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($1.6b) | ($640.3m) | ($226.3m) | ($25.8m) | ($43.9m) | ($26.4m) | ($22.1m) | |
| Net Income Including Noncontrolling Interests | ($656.1m) | ($963.8m) | ($1.3b) | ($1.4b) | ($177.9m) | ($311.8m) | ($192.9m) | ($154.4m) | |
| Earnings Per Share, Basic | ($18.50) | ($27.25) | ($44.68) | ($2.92) | ($0.05) | ($0.10) | ($0.07) | ($0.04) | |
| Earnings Per Share, Diluted | ($18.50) | ($27.25) | ($44.68) | ($2.92) | ($0.05) | ($0.10) | ($0.07) | ($0.04) | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | 93.5m | 494.1m | 502.8m | 458.6m | 401.9m | 501.1m | |
| Basic Average Shares | — | — | — | — | $9.7m | $8.7m | $8.7m | $11.4m | |
| Diluted Average Shares | — | — | — | — | $9.7m | $8.7m | $8.7m | $11.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | 93.5m | 494.1m | 502.8m | 458.6m | 401.9m | 501.1m | |
| Research and Development Expense | — | $491.3m | $94.2m | $125.6m | $34.2m | $23.7m | $9.9m | $8.0m | |
| Research and development expenses | ($398.6m) | ($491.3m) | ($614.8m) | ($800.2m) | ($235.8m) | ($167.9m) | ($72.0m) | ($56.2m) | |
| General and Administrative Expense | — | $157.8m | $64.4m | $69.9m | $32.0m | $21.7m | $18.5m | $10.7m | |
| General and administrative expenses | ($203.1m) | ($157.8m) | ($420.1m) | ($445.4m) | ($221.0m) | ($154.3m) | ($134.9m) | ($75.0m) | |
| Selling and Marketing Expense | — | $583.8m | $168.3m | $221.7m | $11.5m | $14.3m | $10.4m | $11.9m | |
| Sales and marketing expenses | ($303.5m) | ($583.8m) | ($1.1b) | ($1.4b) | ($79.1m) | ($101.3m) | ($76.1m) | ($83.0m) | |
| Interest Expense | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | |
| Interest Expense Non Operating | — | — | — | $0 | $0 | — | — | — | |
| Net Non Operating Interest Income Expense | $34.0m | $23.8m | $8.4m | $24.6m | $11.4m | $27.8m | $16.3m | $8.7m | |
| Operating Expense | — | — | — | — | $536.0m | $423.5m | $283.0m | $214.2m | |
| Other Income Expense | — | — | — | — | $21.9m | $3.2m | $4.6m | $479k | |
| Other Non Operating Income Expenses | $882k | $102k | $4.3m | $4.7m | $21.8m | $4.0m | $4.4m | $661k | |
| Income Tax Expense (Benefit) | — | $485k | $448k | $0 | $0 | $0 | $0 | $0 | |
| Total Expenses | — | — | — | — | $742.2m | $513.7m | $403.0m | $269.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.