Four Seasons Education Financials

FEDU

Source SEC Filings (10-K/10-Q) Updated Feb 28, 2025 Currency USD FYE February

This page shows Four Seasons Education (FEDU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 45/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Four Seasons Education has an operating margin of -6.3%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -7.4% the prior year.

Growth

100

Four Seasons Education's revenue surged 97.8% year-over-year to $34.5M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Four Seasons Education carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.19, Four Seasons Education holds $2.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Cash Flow

While Four Seasons Education generated $2.7M in operating cash flow, capex of $7.9M consumed most of it, leaving -$5.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Four Seasons Education generates a 0.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 1/100. This is down from 1.1% the prior year.

Piotroski F-Score Neutral

4/9

Four Seasons Education passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

24.76x

For every $1 of reported earnings, Four Seasons Education generates $24.76 in operating cash flow ($2.7M OCF vs $111K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$34.5M

YoY+97.8%

5Y CAGR-9.1%

Four Seasons Education generated $34.5M in revenue in fiscal year 2025. This represents an increase of 97.8% from the prior year.

EBITDA

-$1.6M

YoY-135.0%

Four Seasons Education's EBITDA was -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 135.0% from the prior year.

Free Cash Flow

-$5.1M

YoY+8.1%

Four Seasons Education generated -$5.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.1% from the prior year.

Net Income

$111K

YoY-83.9%

Four Seasons Education reported $111K in net income in fiscal year 2025. This represents a decrease of 83.9% from the prior year.

EPS (Diluted)

$0.01

YoY-66.7%

Four Seasons Education earned $0.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 66.7% from the prior year.

Cash & Debt

$28.9M

YoY+15.6%

5Y CAGR-12.9%

Four Seasons Education held $28.9M in cash against $11.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

23M

YoY+6.8%

5Y CAGR-0.5%

Four Seasons Education had 23M shares outstanding in fiscal year 2025. This represents an increase of 6.8% from the prior year.

Gross Margin

18.8%

YoY-17.5pp

5Y CAGR-29.6pp

Four Seasons Education's gross margin was 18.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 17.5 percentage points from the prior year.

Operating Margin

-6.3%

YoY+1.1pp

5Y CAGR+27.4pp

Four Seasons Education's operating margin was -6.3% in fiscal year 2025, reflecting core business profitability. This is up 1.1 percentage points from the prior year.

Net Margin

0.3%

YoY-3.6pp

5Y CAGR+28.5pp

Four Seasons Education's net profit margin was 0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.

Return on Equity

0.2%

YoY-0.9pp

Four Seasons Education's ROE was 0.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$7.9M

YoY-0.1%

5Y CAGR+43.0%

Four Seasons Education invested $7.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.1% from the prior year.

FEDU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$34.5M+97.8%	$17.4M+253.1%	$4.9M-87.6%	$39.7M-8.4%	$43.3M-22.2%	$55.7M
Cost of Revenue	$28.0M+152.1%	$11.1M+286.5%	$2.9M-87.9%	$23.7M-9.1%	$26.1M-9.3%	$28.7M
Gross Profit	$6.5M+2.4%	$6.3M+206.5%	$2.1M-87.1%	$15.9M-7.4%	$17.2M-36.0%	$26.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.7M+8.9%	$6.2M-5.7%	$6.5M-51.7%	$13.5M-25.2%	$18.1M-9.4%	$19.9M
Operating Income	-$2.2M-67.7%	-$1.3M+75.0%	-$5.1M+51.0%	-$10.5M-86.3%	-$5.6M+69.9%	-$18.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$99K-35.3%	$153K+7.0%	$143K-95.9%	$3.5M+371.2%	$735K+22.7%	$599K
Net Income	$111K-83.9%	$690K+116.1%	-$4.3M+76.2%	-$18.0M-313.0%	-$4.4M+72.2%	-$15.7M
EPS (Diluted)	$0.01-66.7%	$0.03+115.0%	$-0.20+75.0%	$-0.80-321.1%	$-0.19+71.2%	$-0.66

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FEDU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$100.4M+7.2%	$93.7M+8.0%	$86.7M-9.2%	$95.5M-36.1%	$149.4M+0.7%	$148.4M
Current Assets	$40.8M-9.0%	$44.8M-39.2%	$73.7M-11.6%	$83.4M+4.4%	$79.8M-9.4%	$88.1M
Cash & Equivalents	$28.9M+15.6%	$25.0M-1.2%	$25.3M-39.1%	$41.6M-28.8%	$58.5M+1.0%	$57.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$281K-37.7%	$451K+252.3%	$128K	N/A	N/A	N/A
Goodwill	$154K-1.3%	$156K	N/A	N/A	$5.9M+7.9%	$5.4M
Total Liabilities	$31.0M+50.9%	$20.6M+59.9%	$12.9M-18.9%	$15.9M-68.0%	$49.6M-4.5%	$51.9M
Current Liabilities	$18.6M+25.5%	$14.8M+17.7%	$12.6M-15.0%	$14.8M-57.7%	$35.1M+15.1%	$30.5M
Long-Term Debt	$11.3M+103.0%	$5.6M	N/A	N/A	N/A	N/A
Total Equity	$62.4M-5.4%	$66.0M0.0%	$66.0M-6.6%	$70.7M-22.3%	$90.9M+0.8%	$90.2M
Retained Earnings	-$38.0M+1.5%	-$38.5M+5.4%	-$40.7M-1.7%	-$40.0M-87.5%	-$21.4M-35.7%	-$15.7M

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Total Assets	$100.4M+7.2%	$93.7M+8.0%	$86.7M-9.2%	$95.5M-36.1%	$149.4M+0.7%	$148.4M+6.6%	$139.3M+11.3%	$125.2M
Current Assets	$40.8M-9.0%	$44.8M-39.2%	$73.7M-11.6%	$83.4M+4.4%	$79.8M-9.4%	$88.1M+19.0%	$74.1M-21.2%	$94.0M
Cash & Equivalents	$28.9M+15.6%	$25.0M-1.2%	$25.3M-39.1%	$41.6M-28.8%	$58.5M+1.0%	$57.9M-11.9%	$65.7M-28.7%	$92.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$281K-37.7%	$451K+252.3%	$128K	N/A	N/A	N/A	N/A	$899K
Goodwill	$154K-1.3%	$156K	N/A	N/A	$5.9M+7.9%	$5.4M-74.6%	$21.4M+25713.3%	$83K
Total Liabilities	$31.0M+50.9%	$20.6M+59.9%	$12.9M-18.9%	$15.9M-68.0%	$49.6M-4.5%	$51.9M+98.2%	$26.2M+23.3%	$21.2M
Current Liabilities	$18.6M+25.5%	$14.8M+17.7%	$12.6M-15.0%	$14.8M-57.7%	$35.1M+15.1%	$30.5M+24.1%	$24.5M+15.6%	$21.2M
Long-Term Debt	$11.3M+103.0%	$5.6M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$62.4M-5.4%	$66.0M0.0%	$66.0M-6.6%	$70.7M-22.3%	$90.9M+0.8%	$90.2M-15.3%	$106.5M+3.4%	$103.0M
Retained Earnings	-$38.0M+1.5%	-$38.5M+5.4%	-$40.7M-1.7%	-$40.0M-87.5%	-$21.4M-35.7%	-$15.7M-17398.9%	-$90K	N/A

FEDU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.7M+19.5%	$2.3M+162.5%	-$3.7M+74.6%	-$14.5M-401.1%	$4.8M-59.1%	$11.8M
Capital Expenditures	$7.9M-0.1%	$7.9M+529.8%	$1.2M-20.2%	$1.6M-2.9%	$1.6M+22.8%	$1.3M
Free Cash Flow	-$5.1M+8.1%	-$5.6M-13.0%	-$4.9M+69.3%	-$16.0M-602.1%	$3.2M-69.4%	$10.4M
Investing Cash Flow	$346K-96.5%	$9.9M+171.2%	-$13.9M-2145.2%	$682K+106.5%	-$10.5M+25.6%	-$14.1M
Financing Cash Flow	$1.7M-70.4%	$5.7M+4838.8%	-$121K+97.0%	-$4.1M-13606.7%	$30K+100.8%	-$3.8M
Dividends Paid	$4.8M	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FEDU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	18.8%-17.5pp	36.3%-5.5pp	41.8%+1.6pp	40.2%+0.5pp	39.8%-8.6pp	48.4%
Operating Margin	-6.3%+1.1pp	-7.4%+96.8pp	-104.2%-77.8pp	-26.5%-13.5pp	-13.0%+20.7pp	-33.7%
Net Margin	0.3%-3.6pp	4.0%+90.6pp	-86.7%-41.3pp	-45.4%-35.3pp	-10.1%+18.1pp	-28.1%
Return on Equity	0.2%-0.9pp	1.1%	N/A	N/A	N/A	N/A
Return on Assets	0.1%-0.6pp	0.7%+5.7pp	-4.9%+13.9pp	-18.8%-15.9pp	-2.9%+7.6pp	-10.5%
Current Ratio	2.19-0.8	3.02-2.8	5.85+0.2	5.62+3.3	2.28-0.6	2.89
Debt-to-Equity	0.18+0.1	0.08-0.1	0.19-0.0	0.22-0.3	0.55-0.0	0.57
FCF Margin	-14.8%+17.1pp	-31.9%+67.9pp	-99.8%-59.4pp	-40.5%-47.8pp	7.4%-11.4pp	18.8%

Metric	Q1'25	Q1'24	Q1'23	Q1'22	Q1'21	Q1'20	Q1'19	Q1'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.19-0.8	3.02-2.8	5.85+0.2	5.62+3.3	2.28-0.6	2.89-0.1	3.02-1.4	4.43
Debt-to-Equity	0.18+0.1	0.08-0.1	0.19-0.0	0.22-0.3	0.55-0.0	0.57+0.3	0.25+0.0	0.21
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Four Seasons Education's annual revenue?

Four Seasons Education (FEDU) reported $34.5M in total revenue for fiscal year 2025. This represents a 97.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Four Seasons Education's revenue growing?

Four Seasons Education (FEDU) revenue grew by 97.8% year-over-year, from $17.4M to $34.5M in fiscal year 2025.

Is Four Seasons Education profitable?

Yes, Four Seasons Education (FEDU) reported a net income of $111K in fiscal year 2025, with a net profit margin of 0.3%.

What is Four Seasons Education's earnings per share (EPS)?

Four Seasons Education (FEDU) reported diluted earnings per share of $0.01 for fiscal year 2025. This represents a -66.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Four Seasons Education's EBITDA?

Four Seasons Education (FEDU) had EBITDA of -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Four Seasons Education have?

As of fiscal year 2025, Four Seasons Education (FEDU) had $28.9M in cash and equivalents against $11.3M in long-term debt.

What is Four Seasons Education's gross margin?

Four Seasons Education (FEDU) had a gross margin of 18.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Four Seasons Education's operating margin?

Four Seasons Education (FEDU) had an operating margin of -6.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Four Seasons Education's net profit margin?

Four Seasons Education (FEDU) had a net profit margin of 0.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Four Seasons Education's return on equity (ROE)?

Four Seasons Education (FEDU) has a return on equity of 0.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Four Seasons Education's free cash flow?

Four Seasons Education (FEDU) generated -$5.1M in free cash flow during fiscal year 2025. This represents a 8.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Four Seasons Education's operating cash flow?

Four Seasons Education (FEDU) generated $2.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Four Seasons Education's total assets?

Four Seasons Education (FEDU) had $100.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Four Seasons Education's capital expenditures?

Four Seasons Education (FEDU) invested $7.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Four Seasons Education have outstanding?

Four Seasons Education (FEDU) had 23M shares outstanding as of fiscal year 2025.

What is Four Seasons Education's current ratio?

Four Seasons Education (FEDU) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.

What is Four Seasons Education's debt-to-equity ratio?

Four Seasons Education (FEDU) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Four Seasons Education's return on assets (ROA)?

Four Seasons Education (FEDU) had a return on assets of 0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Four Seasons Education's Piotroski F-Score?

Four Seasons Education (FEDU) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Four Seasons Education's earnings high quality?

Four Seasons Education (FEDU) has an earnings quality ratio of 24.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Four Seasons Education?

Four Seasons Education (FEDU) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.