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

Four Seasons Education (FEDU) reported diluted earnings per share of $0.20 for fiscal year 2026. This represents a 1900.0% 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.

Four Seasons Education Financials

FEDU

Source SEC Filings (10-K/10-Q) Updated Feb 28, 2026 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 9 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).

Rhea AI FEDU FY2025 2026-06-17

Revenue recovery has not restored unit economics, leaving reinvestment dependent on balance-sheet capacity rather than internally generated cash.

From FY2024 to FY2025, gross margin fell from 36.3% to 18.8% even as revenue rebounded, so the recovery came from lower-margin activity rather than scaling the same earnings engine. That mattered because operating cash flow was still only $2.7M while free cash flow stayed at -$5.1M, meaning capital spending consumed more cash than the business generated.

FY2025's tiny net profit masks an operating model that is not yet self-supporting: SG&A exceeded gross profit, at $6.7M versus $6.5M. That means essentially all value created after direct costs was absorbed by overhead before the company could fund reinvestment or build a durable profit base.

Working-capital strain does not look like the main problem, because accounts receivable were just $281K against $34.5M of revenue. The tighter signal is in the balance-sheet cushion: the current ratio fell to 2.2x from 5.9x, so liquidity remains adequate but the company has materially less room to absorb another weak year.

Financial Health Signals

Financial Profile 46/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Four Seasons Education's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Four Seasons Education has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -6.3% the prior year.

Growth

100

Four Seasons Education's revenue grew 7.6% year-over-year to $37.1M, a solid pace of expansion. This earns a growth score of 100/100.

Leverage

Four Seasons Education carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Four Seasons Education's current ratio of 1.85 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Four Seasons Education's free cash flow margin of 9.3% results in a low score of 10/100. Capital expenditures of $912K absorb a large share of operating cash flow.

Returns

Four Seasons Education generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 0.2% the prior year.

Altman Z-Score Distress

0.51

Four Seasons Education scores 0.51, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.8M) relative to total liabilities ($32.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Four Seasons Education passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.98x

For every $1 of reported earnings, Four Seasons Education generates $0.98 in operating cash flow ($4.4M OCF vs $4.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$37.1M

YoY+7.6%

5Y CAGR-3.0%

Four Seasons Education generated $37.1M in revenue in fiscal year 2026. This represents an increase of 7.6% from the prior year.

EBITDA

$2.0M

YoY+223.3%

Four Seasons Education's EBITDA was $2.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 223.3% from the prior year.

Net Income

$4.5M

YoY+3942.3%

Four Seasons Education reported $4.5M in net income in fiscal year 2026. This represents an increase of 3942.3% from the prior year.

EPS (Diluted)

$0.20

YoY+1900.0%

Four Seasons Education earned $0.20 per diluted share (EPS) in fiscal year 2026. This represents an increase of 1900.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$3.5M

YoY+167.8%

5Y CAGR+1.6%

Four Seasons Education generated $3.5M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 167.8% from the prior year.

Cash & Debt

$19.9M

YoY-31.4%

5Y CAGR-19.4%

Four Seasons Education held $19.9M in cash against $11.8M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

23M

YoY+0.1%

5Y CAGR-0.5%

Four Seasons Education had 23M shares outstanding in fiscal year 2026. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

25.8%

YoY+7.0pp

5Y CAGR-14.0pp

Four Seasons Education's gross margin was 25.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 7.0 percentage points from the prior year.

Operating Margin

2.6%

YoY+8.9pp

5Y CAGR+15.7pp

Four Seasons Education's operating margin was 2.6% in fiscal year 2026, reflecting core business profitability. This is up 8.9 percentage points from the prior year.

Net Margin

12.1%

YoY+11.8pp

5Y CAGR+22.1pp

Four Seasons Education's net profit margin was 12.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 11.8 percentage points from the prior year.

Return on Equity

6.5%

YoY+6.3pp

5Y CAGR+11.3pp

Four Seasons Education's ROE was 6.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 6.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$912K

YoY-88.4%

5Y CAGR-10.8%

Four Seasons Education invested $912K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 88.4% from the prior year.

FEDU Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$37.1M+7.6%	$34.5M+97.8%	$17.4M+253.1%	$4.9M-87.6%	$39.7M-8.4%	$43.3M
Cost of Revenue	$27.5M-1.7%	$28.0M+152.1%	$11.1M+286.5%	$2.9M-87.9%	$23.7M-9.1%	$26.1M
Gross Profit	$9.6M+47.9%	$6.5M+2.4%	$6.3M+206.5%	$2.1M-87.1%	$15.9M-7.4%	$17.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.1M+5.3%	$6.7M+8.9%	$6.2M-5.7%	$6.5M-51.7%	$13.5M-25.2%	$18.1M
Operating Income	$983K+145.5%	-$2.2M-67.7%	-$1.3M+75.0%	-$5.1M+51.0%	-$10.5M-86.3%	-$5.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$93K-6.1%	$99K-35.3%	$153K+7.0%	$143K-95.9%	$3.5M+371.2%	$735K
Net Income	$4.5M+3942.3%	$111K-83.9%	$690K+116.1%	-$4.3M+76.2%	-$18.0M-313.0%	-$4.4M
EPS (Diluted)	$0.20+1900.0%	$0.01-66.7%	$0.03+115.0%	$-0.20+75.0%	$-0.80-321.1%	$-0.19

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
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	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$107.8M+7.4%	$100.4M+7.2%	$93.7M+8.0%	$86.7M-9.2%	$95.5M-36.1%	$149.4M
Current Assets	$36.8M-9.8%	$40.8M-9.0%	$44.8M-39.2%	$73.7M-11.6%	$83.4M+4.4%	$79.8M
Cash & Equivalents	$19.9M-31.4%	$28.9M+15.6%	$25.0M-1.2%	$25.3M-39.1%	$41.6M-28.8%	$58.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$463K+64.8%	$281K-37.7%	$451K+252.3%	$128K	N/A	N/A
Goodwill	$164K+6.5%	$154K-1.3%	$156K	N/A	N/A	$5.9M
Total Liabilities	$32.8M+5.6%	$31.0M+50.9%	$20.6M+59.9%	$12.9M-18.9%	$15.9M-68.0%	$49.6M
Current Liabilities	$19.9M+6.9%	$18.6M+25.5%	$14.8M+17.7%	$12.6M-15.0%	$14.8M-57.7%	$35.1M
Long-Term Debt	$11.8M+4.7%	$11.3M+103.0%	$5.6M	N/A	N/A	N/A
Total Equity	$69.1M+10.6%	$62.4M-5.4%	$66.0M0.0%	$66.0M-6.6%	$70.7M-22.3%	$90.9M
Retained Earnings	-$35.8M+5.6%	-$38.0M+1.5%	-$38.5M+5.4%	-$40.7M-1.7%	-$40.0M-87.5%	-$21.4M

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$107.8M+7.4%	$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
Current Assets	$36.8M-9.8%	$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
Cash & Equivalents	$19.9M-31.4%	$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
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$463K+64.8%	$281K-37.7%	$451K+252.3%	$128K	N/A	N/A	N/A	N/A
Goodwill	$164K+6.5%	$154K-1.3%	$156K	N/A	N/A	$5.9M+7.9%	$5.4M-74.6%	$21.4M
Total Liabilities	$32.8M+5.6%	$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
Current Liabilities	$19.9M+6.9%	$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
Long-Term Debt	$11.8M+4.7%	$11.3M+103.0%	$5.6M	N/A	N/A	N/A	N/A	N/A
Total Equity	$69.1M+10.6%	$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
Retained Earnings	-$35.8M+5.6%	-$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

FEDU Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$4.4M+59.3%	$2.7M+19.5%	$2.3M+162.5%	-$3.7M+74.6%	-$14.5M-401.1%	$4.8M
Capital Expenditures	$912K-88.4%	$7.9M-0.1%	$7.9M+529.8%	$1.2M-20.2%	$1.6M-2.9%	$1.6M
Free Cash Flow	$3.5M+167.8%	-$5.1M+8.1%	-$5.6M-13.0%	-$4.9M+69.3%	-$16.0M-602.1%	$3.2M
Investing Cash Flow	-$15.8M-4655.2%	$346K-96.5%	$9.9M+171.2%	-$13.9M-2145.2%	$682K+106.5%	-$10.5M
Financing Cash Flow	$1.3M-22.2%	$1.7M-70.4%	$5.7M+4838.8%	-$121K+97.0%	-$4.1M-13606.7%	$30K
Dividends Paid	N/A	$4.8M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
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	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	25.8%+7.0pp	18.8%-17.5pp	36.3%-5.5pp	41.8%+1.6pp	40.2%+0.5pp	39.8%
Operating Margin	2.6%+8.9pp	-6.3%+1.1pp	-7.4%+96.8pp	-104.2%-77.8pp	-26.5%-13.5pp	-13.0%
Net Margin	12.1%+11.8pp	0.3%-3.6pp	4.0%+90.6pp	-86.7%-41.3pp	-45.4%-35.3pp	-10.1%
Return on Equity	6.5%+6.3pp	0.2%-0.9pp	1.1%+7.5pp	-6.5%+19.0pp	-25.4%-20.7pp	-4.8%
Return on Assets	4.2%+4.0pp	0.1%-0.6pp	0.7%+5.7pp	-4.9%+13.9pp	-18.8%-15.9pp	-2.9%
Current Ratio	1.85-0.3	2.19-0.8	3.02-2.8	5.85+0.2	5.62+3.3	2.28
Debt-to-Equity	0.170.0	0.18+0.1	0.08-0.1	0.19-0.0	0.22-0.3	0.55
FCF Margin	9.3%+24.2pp	-14.8%+17.1pp	-31.9%+67.9pp	-99.8%-59.4pp	-40.5%-47.8pp	7.4%

Metric	Q4'26	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
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	1.85-0.3	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
Debt-to-Equity	0.170.0	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
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 $37.1M in total revenue for fiscal year 2026. This represents a 7.6% 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 7.6% year-over-year, from $34.5M to $37.1M in fiscal year 2026.

Is Four Seasons Education profitable?

Yes, Four Seasons Education (FEDU) reported a net income of $4.5M in fiscal year 2026, with a net profit margin of 12.1%.

What is Four Seasons Education's EBITDA?

Four Seasons Education (FEDU) had EBITDA of $2.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Four Seasons Education have?

As of fiscal year 2026, Four Seasons Education (FEDU) had $19.9M in cash and equivalents against $11.8M in long-term debt.

What is Four Seasons Education's gross margin?

Four Seasons Education (FEDU) had a gross margin of 25.8% in fiscal year 2026, 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 2.6% in fiscal year 2026, 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 12.1% in fiscal year 2026, 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 6.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Four Seasons Education's free cash flow?

Four Seasons Education (FEDU) generated $3.5M in free cash flow during fiscal year 2026. This represents a 167.8% 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 $4.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Four Seasons Education's total assets?

Four Seasons Education (FEDU) had $107.8M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Four Seasons Education's capital expenditures?

Four Seasons Education (FEDU) invested $912K in capital expenditures during fiscal year 2026, 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 2026.

What is Four Seasons Education's current ratio?

Four Seasons Education (FEDU) had a current ratio of 1.85 as of fiscal year 2026, 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 0.17 as of fiscal year 2026, 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 4.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Four Seasons Education's Altman Z-Score?

Four Seasons Education (FEDU) has an Altman Z-Score of 0.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

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

Four Seasons Education (FEDU) has a Piotroski F-Score of 6 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 to 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 0.98x, considered mixed 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 46 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.