QUANTASING GROUP LTD (QSG) Financials
Newest figures come from the 20-F for FY2025, filed Oct 31, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QSG SEC filings page.
QUANTASING GROUP LTD (QSG) reported $380.5M in revenue for fiscal year 2025, down 27.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
QuantaSing’s dominant mechanic is margin expansion through cost reduction, allowing FY2025 profit to hold despite a sharp revenue contraction.
The FY2025 top line contracted sharply from FY2024, while operating margin widened from9.9% to14.6% ; lower SG&A and R&D show cost restructuring offsetting lost scale. Net income of$50.1M exceeded operating cash flow of$25.7M , while receivables and inventory rose, so reported profitability did not translate fully into cash.
Debt-to-equity fell from 1.8x in FY2024 to 0.9x in FY2025, indicating a materially less leveraged capital structure. Current ratio rose from 1.5x to 2.1x as liabilities declined, pointing to improved short-term balance-sheet flexibility.
Gross margin narrowed from
Financial Health Signals
Scored against operating companies for FY2025. 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 QUANTASING GROUP LTD'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.
QUANTASING GROUP LTD has an operating margin of 14.6%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 55/100, indicating healthy but not exceptional operating efficiency. This is up from 9.9% the prior year.
QUANTASING GROUP LTD's revenue declined 27.1% year-over-year, from $522.3M to $380.5M. This contraction results in a growth score of 16/100.
QUANTASING GROUP LTD has a moderate D/E ratio of 0.90. This balance of debt and equity financing earns a leverage score of 50/100.
QUANTASING GROUP LTD's current ratio of 2.14 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
QUANTASING GROUP LTD has a free cash flow margin of 6.6%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
QUANTASING GROUP LTD earns a strong 44.3% return on equity (ROE), meaning it generates $44 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is down from 74.6% the prior year.
QUANTASING GROUP LTD scores 4.56, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
QUANTASING GROUP LTD passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, QUANTASING GROUP LTD generates $0.51 in operating cash flow ($25.7M OCF vs $50.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
QUANTASING GROUP LTD held $115.9M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
QSG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
QSG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'24 | Q4'23 |
|---|---|---|---|
| Total Assets | $231.9M+18.2% | $196.2M+16.3% | $168.7M |
| Current Assets | $183.3M+0.2% | $182.9M+19.6% | $152.9M |
| Cash & Equivalents | $115.9M+6.4% | $108.9M+3.5% | $105.2M |
| Inventory | $3.0M+243.2% | $873K | N/A |
| Accounts Receivable | $6.4M+179.1% | $2.3M+35.9% | $1.7M |
| Goodwill | $26.2M | N/A | N/A |
| Total Liabilities | $101.7M-18.7% | $125.2M-9.0% | $137.6M |
| Current Liabilities | $85.7M-28.4% | $119.7M-8.2% | $130.3M |
| Non-Current Liabilities | $16.0M+190.6% | $5.5M-24.5% | $7.3M |
| Total Equity | $112.9M+58.9% | $71.1M+130.4% | $30.9M |
| Retained Earnings | -$31.5M+60.9% | -$80.4M+39.9% | -$133.7M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Long-Term Debt.
QSG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
QSG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'24 | Q4'23 |
|---|---|---|---|
| Current Ratio | 2.14+0.6x | 1.53+0.4x | 1.17 |
| Debt-to-Equity | 0.90-0.9x | 1.76-2.7x | 4.46 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| QUANTASING GROUP LTD QSG | FY2025 | $380.5M | $50.1M | 13.2% | $307.2M | 52/100 |
| American Public APEI | FY2025 | $648.9M | $31.6M | 4.9% | $830.5M | 58/100 |
| Gaotu Techedu Inc GOTU | FY2025 | $879.0M | -$46.2M | -5.3% | $517.1M | 47/100 |
| Lincoln Edl Svcs Corp LINC | FY2025 | $518.2M | $20.0M | 3.9% | $808.3M | 52/100 |
| Udemy, Inc. UDMY | FY2025 | $789.8M | $3.8M | 0.5% | $677.3M | 37/100 |
Where QUANTASING GROUP LTD Ranks
Frequently Asked Questions
What is QUANTASING GROUP LTD's annual revenue?
QUANTASING GROUP LTD (QSG) reported $380.5M in total revenue for fiscal year 2025. This represents a -27.1% 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 QUANTASING GROUP LTD's revenue growing?
QUANTASING GROUP LTD (QSG) revenue declined by 27.1% year-over-year, from $522.3M to $380.5M in fiscal year 2025.
Is QUANTASING GROUP LTD profitable?
Yes, QUANTASING GROUP LTD (QSG) reported a net income of $50.1M in fiscal year 2025, with a net profit margin of 13.2%.
What is QUANTASING GROUP LTD's EBITDA?
QUANTASING GROUP LTD (QSG) had EBITDA of $56.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is QUANTASING GROUP LTD's gross margin?
QUANTASING GROUP LTD (QSG) had a gross margin of 81.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is QUANTASING GROUP LTD's operating margin?
QUANTASING GROUP LTD (QSG) had an operating margin of 14.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is QUANTASING GROUP LTD's net profit margin?
QUANTASING GROUP LTD (QSG) had a net profit margin of 13.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is QUANTASING GROUP LTD's return on equity (ROE)?
QUANTASING GROUP LTD (QSG) has a return on equity of 44.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is QUANTASING GROUP LTD's free cash flow?
QUANTASING GROUP LTD (QSG) generated $25.2M in free cash flow during fiscal year 2025. This represents a -34.3% 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 QUANTASING GROUP LTD's operating cash flow?
QUANTASING GROUP LTD (QSG) generated $25.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are QUANTASING GROUP LTD's total assets?
QUANTASING GROUP LTD (QSG) had $231.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are QUANTASING GROUP LTD's capital expenditures?
QUANTASING GROUP LTD (QSG) invested $432K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does QUANTASING GROUP LTD spend on research and development?
QUANTASING GROUP LTD (QSG) invested $13.8M in research and development during fiscal year 2025.
What is QUANTASING GROUP LTD's current ratio?
QUANTASING GROUP LTD (QSG) had a current ratio of 2.14 as of fiscal year 2025, which is generally considered healthy.
What is QUANTASING GROUP LTD's debt-to-equity ratio?
QUANTASING GROUP LTD (QSG) had a debt-to-equity ratio of 0.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is QUANTASING GROUP LTD's return on assets (ROA)?
QUANTASING GROUP LTD (QSG) had a return on assets of 21.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is QUANTASING GROUP LTD's Altman Z-Score?
QUANTASING GROUP LTD (QSG) has an Altman Z-Score of 4.56, placing it in the Safe Zone (low 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 QUANTASING GROUP LTD's Piotroski F-Score?
QUANTASING GROUP LTD (QSG) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 QUANTASING GROUP LTD's earnings high quality?
QUANTASING GROUP LTD (QSG) has an earnings quality ratio of 0.51x, 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 QUANTASING GROUP LTD?
QUANTASING GROUP LTD (QSG) scores 52 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.