Four Seasons Education Financials
Four Seasons Education (FEDU) reported $37.1M in revenue for fiscal year 2026, up 7.6% from the prior fiscal year. This page shows its 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).
Four Seasons Education’s recovery is defined by margin repair and positive cash conversion after several years of operating losses.
FY2026’s operating margin and FCF margin both turned positive after FY2025 losses, showing the earnings recovery reached cash rather than remaining an accounting effect. Cash nevertheless fell year over year as investing cash flow was-$15.8M , showing positive operating cash did not translate into higher liquidity.
Gross margin recovered from
The current ratio is 1.8x versus debt-to-equity of 0.2x, indicating a thinner short-term cushion but limited leverage. Liabilities of
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Four Seasons Education has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -6.3% the prior year.
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 94/100.
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.
Four Seasons Education's current ratio of 1.85 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
Four Seasons Education's free cash flow margin of 9.3% results in a low score of 18/100. Capital expenditures of $912K absorb a large share of operating cash flow.
Four Seasons Education's ROE of 6.5% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 0.2% the prior year.
Four Seasons Education scores 0.50, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.2M) relative to total liabilities ($32.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
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
Earnings & Revenue
Four Seasons Education generated $37.1M in revenue in fiscal year 2026. This represents an increase of 7.6% from the prior year.
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.
Four Seasons Education reported $4.5M in net income in fiscal year 2026. This represents an increase of 3942.3% from the prior year.
Four Seasons Education earned $0.20 per diluted share (EPS) in fiscal year 2026.
Cash & Balance Sheet
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.
Four Seasons Education held $19.9M in cash against $11.8M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
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.
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.
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.
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
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.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
FEDU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.1M+7.6% | $34.5M+97.8% | $17.4M+253.1% | $4.9M-87.6% | $39.7M-8.4% | $43.3M-22.2% | $55.7M+10.9% | $50.2M+5.6% | $47.5M |
| 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-9.3% | $28.7M+11.9% | $25.7M+48.5% | $17.3M |
| Gross Profit | $9.6M+47.9% | $6.5M+2.4% | $6.3M+206.5% | $2.1M-87.1% | $15.9M-7.4% | $17.2M-36.0% | $26.9M+9.9% | $24.5M-18.9% | $30.2M |
| 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-9.4% | $19.9M+3.5% | $19.3M+31.2% | $14.7M |
| Operating Income | $983K+145.5% | -$2.2M-67.7% | -$1.3M+75.0% | -$5.1M+51.0% | -$10.5M-86.3% | -$5.6M+69.9% | -$18.7M-11191.7% | $169K-98.3% | $9.7M |
| Income Tax | $93K-6.1% | $99K-35.3% | $153K+7.0% | $143K-95.9% | $3.5M+371.2% | $735K+22.7% | $599K-60.4% | $1.5M-63.8% | $4.2M |
| Net Income | $4.5M+3942.3% | $111K-83.9% | $690K+116.1% | -$4.3M+76.2% | -$18.0M-313.0% | -$4.4M+72.2% | -$15.7M-17303.3% | -$90K-101.3% | $7.0M |
| EPS (Diluted) | $0.20 | $0.01 | $0.03+115.0% | -$0.20+75.0% | -$0.80-321.1% | -$0.19+71.2% | -$0.66-16400.0% | $0.00-101.3% | $0.31 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
FEDU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| 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+11.3% | $125.2M |
| 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-21.2% | $94.0M |
| 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-28.7% | $92.2M |
| Accounts Receivable | $463K+64.8% | $281K-37.7% | $451K+252.3% | $128K | N/A | N/A | N/A | N/A | $899K |
| Goodwill | $164K+6.5% | $154K-1.3% | $156K | N/A | N/A | $5.9M+7.9% | $5.4M-74.6% | $21.4M+25713.3% | $83K |
| 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+23.3% | $21.2M |
| 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+15.6% | $21.2M |
| Long-Term Debt | $11.8M+4.7% | $11.3M+103.0% | $5.6M | N/A | 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+3.4% | $103.0M |
| 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 | N/A |
Not reported in any period shown, so not listed: Inventory.
FEDU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| 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-59.1% | $11.8M+48.0% | $7.9M-47.6% | $15.2M |
| Capital Expenditures | $912K-88.4% | $7.9M-0.1% | $7.9M+529.8% | $1.2M-20.2% | $1.6M-2.9% | $1.6M+22.8% | $1.3M-50.8% | $2.7M-26.9% | $3.7M |
| 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-69.4% | $10.4M+98.1% | $5.3M-54.2% | $11.5M |
| Investing Cash Flow | -$15.8M-4655.2% | $346K-96.5% | $9.9M+171.2% | -$13.9M-2145.2% | $682K+106.5% | -$10.5M+25.6% | -$14.1M+49.5% | -$28.0M-3.9% | -$26.9M |
| Financing Cash Flow | $1.3M-22.2% | $1.7M-70.4% | $5.7M+4838.8% | -$121K+97.0% | -$4.1M-13606.7% | $30K+100.8% | -$3.8M-4345.9% | -$85K-100.1% | $72.9M |
| Dividends Paid | N/A | $4.8M | N/A | N/A | N/A | N/A | N/A | $550K-97.1% | $19.3M |
Not reported in any period shown, so not listed: Share Buybacks.
FEDU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.8%+7.0pp | 18.8%-17.5pp | 36.3%-5.5pp | 41.8%+1.6pp | 40.2%+0.5pp | 39.8%-8.6pp | 48.4%-0.5pp | 48.8%-14.8pp | 63.6% |
| Operating Margin | 2.6%+8.9pp | -6.3%+1.1pp | -7.4% | -104.2% | -26.5%-13.5pp | -13.0%+20.7pp | -33.7%-34.0pp | 0.3%-20.2pp | 20.5% |
| Net Margin | 12.1%+11.8pp | 0.3%-3.6pp | 4.0%+90.6pp | -86.7%-41.3pp | -45.4%-35.3pp | -10.1%+18.1pp | -28.1%-28.0pp | -0.2%-14.9pp | 14.8% |
| 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%+12.6pp | -17.4%-17.3pp | -0.1%-6.9pp | 6.8% |
| 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%+7.6pp | -10.5%-10.5pp | -0.1%-5.7pp | 5.6% |
| Current Ratio | 1.85-0.3x | 2.19-0.8x | 3.02-2.8x | 5.85+0.2x | 5.62+3.3x | 2.28-0.6x | 2.89-0.1x | 3.02-1.4x | 4.43 |
| Debt-to-Equity | 0.170.0x | 0.18+0.1x | 0.08-0.1x | 0.190.0x | 0.22-0.3x | 0.550.0x | 0.57+0.3x | 0.250.0x | 0.21 |
| FCF Margin | 9.3%+24.2pp | -14.8%+17.1pp | -31.9%+67.9pp | -99.8%-59.4pp | -40.5%-47.8pp | 7.4%-11.4pp | 18.8%+8.2pp | 10.5%-13.7pp | 24.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.
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Where Four Seasons Education Ranks
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.
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 0.50, 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 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.