ATA Creativity Global Reports Q4 and FY 2025 Financial Results
Rhea-AI Summary
ATA Creativity Global (Nasdaq:AACG) reported preliminary unaudited Q4 2025 and FY 2025 results. Q4 revenue was RMB89.1M ($12.7M) and FY revenue was RMB268.1M ($38.3M), essentially flat year-over-year. The company recorded a Q4 net loss of RMB26.3M and FY net loss of RMB48.0M, including a RMB33.9M goodwill impairment. A registered direct offering closed Jan 28, 2026, raising approximately US$8.85M. Cash was RMB85.2M and working capital deficit improved to RMB233.2M as of Dec 31, 2025.
Positive
- FY revenue remained stable at RMB268.1 million year-over-year
- Closed registered direct offering raising approximately US$8.85 million
- Cash balance improved to RMB85.2 million as of Dec 31, 2025
- FY selling expenses decreased by 17.3% year-over-year
Negative
- Net loss widened to RMB48.0 million in FY 2025 from RMB36.1 million
- One-time goodwill impairment of RMB33.9 million recorded in Q4 2025
- Gross margin declined to 48.6% in FY 2025 from 52.7% in FY 2024
- Working capital deficit remained large at RMB233.2 million as of Dec 31, 2025
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner shows 3 education peers (IH, LGCY, SKIL) moving up and 1 (CHGG) down, while AACG is flagged as moving down. This mixed, mostly opposite action suggests the reaction is stock-specific rather than a broad sector trade.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Q3 2025 earnings | Positive | -1.6% | Stable revenue, higher margin and swing to profit from prior-year loss. |
| Aug 06 | Q2 2025 earnings | Positive | +3.1% | Revenue and gross profit growth with margin expansion and narrower net loss. |
| May 16 | Q1 2025 earnings | Positive | -2.1% | Double-digit revenue growth and reduced net loss with stable margins. |
| Mar 25 | Q4/FY 2024 earnings | Positive | -2.0% | Strong Q4 and full-year revenue growth but continued annual net loss. |
| Nov 07 | Q3 2024 earnings | Negative | -0.9% | Revenue and enrollment growth offset by lower margins and wider net loss. |
Earnings releases have often been positive on growth and cost control, yet the stock reaction has skewed modestly negative, with several instances of selling into good news.
Over the past year, AACG’s earnings releases (Q1–Q3 2025 and Q4/FY 2024) highlighted revenue growth, program expansion, and efforts to narrow losses. Q2 and Q3 2025 showed improved margins and reduced net losses, while Q4 2024 delivered strong top-line growth but a full-year net loss. Against that backdrop, the latest Q4 and FY 2025 results showing flat annual revenue but weaker margins and a larger net loss mark a deterioration from earlier 2025 trends.
Historical Comparison
AACG’s last 5 earnings headlines produced an average -0.71% next-day move, often skewing negative even on growth updates. This pattern frames today’s Q4/FY 2025 report—flat revenue but weaker margins and a larger loss—within a history of cautious post-earnings trading.
Across FY 2025, earlier quarters showed revenue growth and narrowing losses, while today’s Q4/FY 2025 release reports flat full-year revenue, margin compression, and a wider annual net loss versus FY 2024, signaling a step back from the improving trend highlighted in prior quarters.
Market Pulse Summary
This announcement details Q4 and FY 2025 results showing flat full‑year revenue at RMB268.1M but lower gross margins and a wider net loss, partly driven by a RMB33.9M goodwill impairment. Operational metrics such as enrollment and credit hours declined versus Q4 2024. Investors may watch upcoming quarters for evidence that cost controls, program mix shifts, and proceeds from the recent ADS offering translate into improved profitability and balance sheet strength.
Key Terms
registered direct offering financial
goodwill impairment financial
AI-generated analysis. Not financial advice.
Conference Call Scheduled for Wednesday, March 25, at 9:00 p.m. Eastern Time (Thursday, March 26, at 9:00 a.m. Beijing Time) with Accompanying Audio and Slide Webcast
BEIJING, CN / ACCESS Newswire / March 25, 2026 / ATA Creativity Global ("ACG" or the "Company") (Nasdaq:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced preliminary unaudited financial results for the fourth quarter ("Q4 2025") and twelve-month ("FY 2025") periods ended December 31, 2025.
All amounts presented in U.S. dollars ($) in this news release are based on a conversion rate of RMB6.9931 to
Q4 2025 Financial Highlights
Net revenues for Q4 2025 of RMB89.1 million (or
$12.7 million ), compared to RMB100.9 million in Q4 2024.Gross profit for Q4 2025 of RMB50.2 million (or
$7.2 million ), compared to RMB63.7 million in Q4 2024. Q4 2025 gross margin was56.4% during the current period, compared to63.1% in the prior-year period.Net loss attributable to ACG for Q4 2025 of RMB26.3 million (or
$3.8 million ), compared to net income attributable to ACG of RMB13.3 million in Q4 2024.Cash and cash equivalents were RMB85.2 million (or
$12.2 million ) as of December 31, 2025.
Full Year 2025 Financial Highlights
Net revenues for FY 2025 of RMB268.1 million (or
$38.3 million ), consistent with RMB268.1 million in FY 2024.Gross profit for FY 2025 of RMB130.3 million (or
$18.6 million ), from RMB141.3 million during FY 2024. Gross margin was48.6% during the current period, compared to52.7% during FY 2024.Net loss attributable to ACG for FY 2025 was RMB48.0 million (or
$6.9 million ), compared to net loss attributable to ACG of RMB36.1 million in FY 2024.
Q4 2025 Operational Highlights
Student enrollment during Q4 2025 was 921, compared to 1,038 in Q4 2024.
61.7% of students were enrolled in ACG's portfolio training programs, which consisted of time-based programs and project-based programs.38.3% of students were enrolled in ACG's other programs, which mainly consisted of overseas study counselling services and research-based learning services.Credit hours delivered during Q4 2025 were 58,806, representing a decrease of
10.5% compared to Q4 2024.
The following is a summary of the credit hours delivered for ACG's portfolio training programs for Q4 2025, compared to those for the prior-year period:
Q4 2025 | Q4 2024 | % Change | ||||||||||
No. of Credit Hours | No. of Credit Hours | |||||||||||
Time-based Program | 14,787 | 21,781 | (32.1 | %) | ||||||||
Project-based Program | 44,019 | 43,898 | 0.3 | % | ||||||||
Total | 58,806 | 65,679 | (10.5 | %) | ||||||||
Management Commentary
Mr. Kevin Ma, Chairman and CEO of ACG, stated, "We closed the year with revenues remaining consistent with last year. While performance for our portfolio training business line was impacted by increased market competition, we reported strong growth in all other business lines. During the year, we made continuous efforts to streamline our operations and improve efficiency."
Mr. Ma continued, "We are pleased that our various value-added services have continued to gain momentum among ACG students. During Q4 2025, we hosted ten online Master Classes co-developed and lectured by instructors from Carnegie Mellon University, Harvard University, as well as University of Arts London, Royal College of Art, and a number of winter camps, as well as the Open Hack Shanghai Fashion Week project. In October, we organized the 2025 ACG Expert Tour in several cities including Shanghai, Wuhan, Chengdu, Chongqing, and Suzhou, giving over 1,000 students the opportunity to interact with both academia and industry experts. We also strategically redirected internal resources to provide ACG students with world-class educational and academic support. During Q4 2025, we established ACG's first music preparatory center in association with Leeds Conservatoire in Chengdu, and implemented a series of service enhancements to our ACG Japan Center, which now hosts Master Class projects and provides improved class offerings and course customization, working in collaboration with more Japanese arts schools."
Mr. Jun Zhang, President of ACG, added "In Q1, our flagship initiative has been the Finland Sustainable Design & Art Research Program, which offers students the opportunity to visit Aalto University in Finland, one of the world's leading institutions in design, architecture and engineering, and participate in Arctic Center sustainable development workshops to learn about Arctic and Sámi culture. In parallel, in order to support students in strengthening their application portfolios, we are hosting the 2026 Competition Winter Camp in January through a hybrid format of online and in-person classes. The camp targets students specializing in architecture, interaction design, interior design, landscape design, game design and digital media, and focuses on helping students on preparing interdisciplinary portfolios for participation in various international and national competitions in their respective areas of focus. We remained committed to helping our students pursue their aspirations in creative arts."
Mr. Zhang continued, "Our goal in 2026 is to maintain our leading position in China's creative arts education industry amidst increasing competition. We will leverage our skilled and experienced teaching team, high-quality existing and new offerings, and an extensive network of global partnerships with arts institutions to achieve this objective. At the same time, we expect to build on our existing operational efficiency initiatives and take additional steps to manage operating and administrative expenses in order to improve our profitability. Key priorities include optimizing our services, improving classroom utilization, strategically allocating teaching resources to larger campus locations, streamlining sales organization and prioritizing cost-effective and proven student acquisition channels."
Registered Direct Offering of the Company's ADSs
On November 17, 2025, the Company entered into a subscription agreement (the "Subscription Agreement") with three purchasers for a registered direct offering of 11,067,547 of its American Depositary Shares ("ADSs") at the price of
Conference Call and Webcast Information (With Accompanying Presentation)
ACG will host a conference call at 9:00 p.m. Eastern Time on Wednesday, March 25 (9:00 a.m. Beijing Time on Thursday, March 26), during which management will discuss Q4 2025 and Fiscal Year 2025 results.
To participate in the conference call, please use the following dial-in numbers about 10 minutes prior to the scheduled conference call time:
U.S. & Canada (Toll-Free): | +1 (877) 407-9122 | |
International (Toll): | +1 (201) 493-6747 | |
China (Local Access): | (400) 120 2840 | |
Hong Kong (Local Access): | (800) 965561 |
A simultaneous audio webcast including accompanying slides may be accessed via the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=cBJYYCSw, or via the investor relations section of the Company's website https://ir.atai.net.cn/.
For those unable to listen to the live webcast, the replay will be available on the Company's website shortly after the conclusion of the call.
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Q4 2025 Financial Review - GAAP Results
ACG's total net revenues for Q4 2025 of RMB89.1 million (or
Net revenues from portfolio training programs of RMB61.3 million (or
$8.8 million ) decreased by17.5% as compared to Q4 2024 and accounted for68.8% of total net revenues. Decrease in portfolio training revenues was primarily due to an adjustment of portfolio training offerings and fee structure in response to increased market competition during the period.Net revenues from overseas study counselling services, research-based learning services and other educational services of RMB27.8 million (or
$4.0 million ) increased by4.6% as compared to Q4 2024 and accounted for31.2% of total net revenues. Increase in revenues was primarily attributable to increased contribution from other educational services related to in-school art classes in partnership schools, and was partially offset by deceased contribution from overseas study counselling services.
Gross profit for Q4 2025 of RMB50.2 million (or
Total operating expenses for Q4 2025 were RMB73.3 million (or
Selling expenses of RMB20.1 million (or
$2.9 million ) decreased by RMB7.4 million or27.1% from Q4 2024, mainly as a result of decreased sales and a decreased number of sales personnel.General & administrative expenses of RMB18.6 million (or
$2.7 million ), slightly increased by RMB0.1 million or0.9% from Q4 2024.Research and development expenses of RMB0.7 million (or
$0.1 million ), slightly decreased by RMB0.1 million or8.6% from Q4 2024.
Thus in Q4 2025, loss from operations for Q4 2025 was RMB23.0 million (or
Basic and diluted losses per common share attributable to ACG for Q4 2025 were RMB0.42 (or
FY 2025 Financial Review - GAAP Results
ACG's total net revenues for FY 2025 was RMB268.1 million (or
Net revenues from portfolio training programs of RMB187.2 million (or
$26.8 million ) decreased by6.1% as compared to FY 2024 and accounted for69.8% of total net revenues.Net revenues from overseas study counselling services, research-based learning services and other educational services of RMB81.0 million (or
$12.0 million ) increased by17.8% as compared to FY 2024 and accounted for30.2% of total net revenues.
Gross profit for FY 2025 was RMB130.3 million (or
Total operating expenses for FY 2025 were RMB194.6 million (or
Selling expenses of RMB82.6 million (or
$11.8 million ) decreased by RMB17.3 million or17.3% from FY 2024, due to lower headcount in sales personnel and decreased sales incentives compared to FY 2024.General & administrative expenses of RMB78.8 million (or
$11.3 million ) decreased by RMB2.1 million or2.6% from FY 2024, mainly as a result of decreased administrative personnel expenses and a decrease in amortization expenses related to purchase price accounting from a previously completed acquisition.Research and development expenses of RMB3.1 million (or
$0.4 million ) decreased by RMB0.6 million or17.1% from FY 2024, as ACG's system development was completed in Q2 2024.
Thus loss from operations for FY 2025 was RMB64.1 million (or
For FY 2025, basic and diluted losses per common share attributable to ACG were RMB0.76(or
Non-GAAP Measures
Adjusted net loss attributable to ACG for FY 2025, which excludes share-based compensation expense and foreign currency exchange losses, net, was RMB47.5million (or
Basic and diluted losses per common share attributable to ACG excluding share-based compensation expense and foreign currency exchange losses, net for FY 2025, were RMB0.75(or
Please see the note about non-GAAP measures and the reconciliation table at the end of this press release.
Other Data
The number of weighted average ADSs used to calculate basic and diluted earnings per ADS for Q4 2025 were both 31.6 million, respectively. The number of weighted average ADSs used to calculate basic and diluted losses per ADS for FY 2025 were both 31.7 million. Each ADS represents two common shares.
Balance Sheet Highlights
As of December 31, 2025, ACG's cash and cash equivalents were RMB85.2million (or
About ATA Creativity Global
ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG's website at www.atai.net.cn.
Cautionary Note Regarding Forward-looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "future," "intend," "look forward to," "outlook," "guidance," "plan," "should," "will," and similar terms and include, among other things, statements regarding ACG's future growth and results of operations; ACG's plans for financing, mergers and acquisitions generally; ACG's growth strategy, anticipated growth prospects and subsequent business activities; ACG's 2025 guidance; market demand for, and market acceptance and competitiveness of, ACG's portfolio training programs and other education services.
The factors that could cause the Company's actual financial and operating results to differ from what the Company currently anticipates may include its ability to develop and create content that could accommodate needs of potential students, its ability to provide effective creative related international education services and control sales and marketing expenses, its recognition in the marketplace for services it delivered and branding it established, its ability to maintain market share amid increasing competition, its ability to identify and execute on M&A opportunities within the education sector and its ability to integrate the acquired business, the economy of China, uncertainties with respect to China's legal and regulatory environments, the impact of the political tensions between the United States and China or other international tensions, and the impact of actual or potential international trade or military conflicts, and other factors stated in the Company's filings with the U.S. Securities and Exchange Commission ("SEC").
The financial information contained in this release should be read in conjunction with the consolidated financial statements and related notes included in the Company's annual report on Form 20-F for its fiscal year ended December 31, 2024, and other filings that ACG has made with the SEC. The filings are available on the SEC's website at www.sec.gov and at ACG's website at www.atai.net.cn. For additional information on the risk factors that could adversely affect the Company's business, financial conditions, results of operations, and prospects, please see the "Risk Factors" section of the Company's Form 20-F for the fiscal year ended December 31, 2024.
The forward-looking statements in this release involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about ACG and the markets in which it operates. The Company undertakes no obligation to update forward-looking statements, which speak only as of the date of this release, to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that its expectations and assumptions expressed in these forward-looking statements are reasonable, the Company cannot assure you that its expectations and assumptions will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Currency Convenience Translation
The Company's financial information is stated in Renminbi ("RMB"), the currency of the People's Republic of China. The translations of RMB amounts for the quarter and year ended December 31, 2025, into U.S. dollars are included solely for the convenience of readers and have been made at the rate of RMB6.9931 to
About Non-GAAP Financial Measures
To supplement ACG's consolidated financial information presented in accordance with U.S. GAAP, ACG uses the following non-GAAP financial measures: net income (loss) excluding share-based compensation expense and foreign currency exchange gain or loss, and basic and diluted earnings (losses) per common share and ADS excluding share-based compensation expense and foreign currency exchange gain or loss.
The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. ACG believes these non-GAAP financial measures provide meaningful supplemental information about its performance by excluding share-based compensation expense and foreign currency exchange gain or loss, which may not be indicative of its operating performance.
ACG believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to ACG's historical performance. ACG computes its non-GAAP financial measures using a consistent method from period to period. ACG believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP net income (loss) excluding share-based compensation expense and foreign currency exchange gain or loss and basic and diluted earnings (losses) per common share and per ADS excluding share-based compensation expense and foreign currency exchange gain or loss is that share-based compensation charges and foreign currency exchange gain or loss have been, and are expected to continue to be for the foreseeable future, a significant recurring expense in ACG's business.
Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The table captioned "Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures" shown at the end of this news release has more details on the reconciliations between GAAP financial measures that are most directly comparable to the non-GAAP financial measures used by ACG.
For more information on our company, please contact the following individuals:
At the Company | Investor Relations | |
ATA Creativity Global | The Equity Group Inc. | |
Ruobai Sima, CFO | Lena Cati, Senior Vice President | |
+86 10 6518 1133 x 5518 | 212-836-9611 | |
Alice Zhang, Associate | ||
212-836-9610 | ||
ATA CREATIVITY GLOBAL AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
December 31, | December 31, | December 31, | ||||||||||
2024 | 2025 | 2025 | ||||||||||
RMB | RMB | USD | ||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | 36,523,995 | 85,236,288 | 12,188,627 | |||||||||
Accounts receivable | 2,712,845 | 298,377 | 42,667 | |||||||||
Prepaid expenses and other current assets | 27,402,834 | 25,832,459 | 3,693,993 | |||||||||
Total current assets | 66,639,674 | 111,367,124 | 15,925,287 | |||||||||
Long-term investments | 38,000,000 | - | - | |||||||||
Property and equipment, net | 38,669,283 | 32,139,682 | 4,595,913 | |||||||||
Intangible assets, net | 46,264,914 | 32,482,513 | 4,644,938 | |||||||||
Goodwill | 196,289,492 | 162,380,773 | 23,220,142 | |||||||||
Other non-current assets | 35,156,141 | 39,288,983 | 5,618,250 | |||||||||
Right-of-use assets | 35,907,761 | 30,638,920 | 4,381,307 | |||||||||
Total assets | 456,927,265 | 408,297,995 | 58,385,837 | |||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Accrued expenses and other payables | 56,372,960 | 56,493,791 | 8,078,505 | |||||||||
Short-term loan | - | 1,000,000 | 142,998 | |||||||||
Lease liabilities-current | 18,085,643 | 15,303,799 | 2,188,414 | |||||||||
Deferred revenues | 280,036,806 | 271,781,907 | 38,864,296 | |||||||||
Total current liabilities | 354,495,409 | 344,579,497 | 49,274,213 | |||||||||
Lease liabilities-non-current | 17,120,842 | 14,617,119 | 2,090,220 | |||||||||
Long term loans | - | 15,031,900 | 2,149,533 | |||||||||
Deferred income tax liabilities | 5,664,822 | 2,086,619 | 298,383 | |||||||||
Total liabilities | 377,281,073 | 376,315,135 | 53,812,349 | |||||||||
Shareholders' equity: | ||||||||||||
Common shares | 4,755,623 | 4,780,117 | 683,548 | |||||||||
Treasury shares | (8,201,046 | ) | (8,201,046 | ) | (1,172,734 | ) | ||||||
Additional paid-in capital | 547,915,003 | 548,769,331 | 78,472,970 | |||||||||
Accumulated other comprehensive loss | (36,952,183 | ) | (37,446,814 | ) | (5,354,823 | ) | ||||||
Accumulated deficit | (427,806,949 | ) | (475,854,443 | ) | (68,046,280 | ) | ||||||
Total shareholders' equity attributable to ACG | 79,710,448 | 32,047,145 | 4,582,681 | |||||||||
Non-redeemable non-controlling interests | (64,256 | ) | (64,285 | ) | (9,193 | ) | ||||||
Total shareholders' equity | 79,646,192 | 31,982,860 | 4,573,489 | |||||||||
Commitments and contingencies | - | |||||||||||
Total liabilities and shareholders' equity | 456,927,265 | 408,297,995 | 58,385,837 | |||||||||
ATA CREATIVITY GLOBAL AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Three-month Period Ended | ||||||||||||
December 31 | December 31, | December 31, | ||||||||||
2024 | 2025 | 2025 | ||||||||||
RMB | RMB | USD | ||||||||||
Net revenues | 100,915,609 | 89,127,147 | 12,745,013 | |||||||||
Cost of revenues | 37,251,567 | 38,885,048 | 5,560,488 | |||||||||
Gross profit | 63,664,042 | 50,242,099 | 7,184,525 | |||||||||
Operating expenses: | ||||||||||||
Research and development | 779,087 | 712,444 | 101,878 | |||||||||
Sales and marketing | 27,505,624 | 20,057,984 | 2,868,254 | |||||||||
General and administrative | 18,473,416 | 18,636,043 | 2,664,919 | |||||||||
Goodwill impairment | 33,908,719 | 4,848,882 | ||||||||||
Total operating expenses | 46,758,127 | 73,315,190 | 10,483,933 | |||||||||
Other operating income, net | 88,345 | 57,296 | 8,193 | |||||||||
Income (loss) from operations | 16,994,260 | (23,015,795 | ) | (3,291,215 | ) | |||||||
Other income (expense): | ||||||||||||
Investments income | (438,153 | ) | (51,928 | ) | (7,426 | ) | ||||||
Interest income, net of interest expenses | 133,870 | 434,200 | 62,090 | |||||||||
Foreign currency exchange losses, net | (11,321 | ) | (1,731 | ) | (248 | ) | ||||||
Income (loss) before income taxes | 16,678,656 | (22,635,254 | ) | (3,236,799 | ) | |||||||
Income tax benefit | 3,421,946 | 3,668,600 | 524,603 | |||||||||
Net income (loss) | 13,256,710 | (26,303,854 | ) | (3,761,402 | ) | |||||||
Net income (loss) attributable to non-controlling interests | (23 | ) | (1 | ) | 0 | |||||||
Net income (loss) attributable to ACG | 13,256,733 | (26,303,853 | ) | (3,761,402 | ) | |||||||
Other comprehensive income (loss): | ||||||||||||
Foreign currency translation adjustment, net of nil income taxes | 114,269 | (607,287 | ) | (86,841 | ) | |||||||
Comprehensive income (loss) attributable to ACG | 13,371,002 | (26,911,140 | ) | (3,848,243 | ) | |||||||
Basic and diluted earnings (losses) per common share attributable to ACG | 0.21 | (0.42 | ) | (0.06 | ) | |||||||
Basic and diluted earnings (losses) per ADS attributable to ACG | 0.42 | (0.84 | ) | (0.12 | ) | |||||||
ATA CREATIVITY GLOBAL AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Year Ended | ||||||||||||
December 31, | December 31, | December 31, | ||||||||||
2024 | 2025 | 2025 | ||||||||||
RMB | RMB | USD | ||||||||||
Net revenues | 268,060,162 | 268,112,876 | 38,339,631 | |||||||||
Cost of revenues | 126,795,209 | 137,801,526 | 19,705,356 | |||||||||
Gross profit | 141,264,953 | 130,311,350 | 18,634,275 | |||||||||
Operating expenses: | ||||||||||||
Research and development | 3,703,178 | 3,071,659 | 439,241 | |||||||||
Sales and marketing | 99,892,804 | 82,631,826 | 11,816,194 | |||||||||
General and administrative | 80,888,058 | 78,767,406 | 11,263,589 | |||||||||
Goodwill impairment | - | 33,908,719 | 4,848,882 | |||||||||
Reversal of provision for loan receivable and other receivables | - | (3,781,662 | ) | (540,770 | ) | |||||||
Total operating expenses | 184,484,040 | 194,597,948 | 27,827,136 | |||||||||
Other operating income, net | 174,931 | 175,898 | 25,153 | |||||||||
Loss from operations | (43,044,156 | ) | (64,110,700 | ) | (9,167,708 | ) | ||||||
Other income (expense): | ||||||||||||
Investments income | (438,153 | ) | 11,880,702 | 1,698,918 | ||||||||
Interest income, net of interest expenses | 1,001,735 | 623,673 | 89,184 | |||||||||
Foreign currency exchange losses, net | (18,989 | ) | (19,401 | ) | (2,774 | ) | ||||||
Loss before income taxes | (42,499,563 | ) | (51,625,726 | ) | (7,382,379 | ) | ||||||
Income tax benefit | (6,401,691 | ) | (3,578,203 | ) | (511,676 | ) | ||||||
Net loss | (36,097,872 | ) | (48,047,523 | ) | (6,870,703 | ) | ||||||
Net loss attributable to non-controlling interests | (95 | ) | (29 | ) | (4 | ) | ||||||
Net loss attributable to ACG | (36,097,777 | ) | (48,047,494 | ) | (6,870,699 | ) | ||||||
Other comprehensive income (loss): | ||||||||||||
Foreign currency translation adjustment, net of nil income taxes | 52,324 | (494,631 | ) | (70,731 | ) | |||||||
Comprehensive loss attributable to ACG | (36,045,548 | ) | (48,542,125 | ) | (6,941,431 | ) | ||||||
Basic and diluted losses per common share attributable to ACG | (0.53 | ) | (0.76 | ) | (0.11 | ) | ||||||
Basic and diluted losses per ADS attributable to ACG | (1.06 | ) | (1.52 | ) | (0.22 | ) | ||||||
RECONCILIATIONS OF NON-GAAP MEASURES
TO THE MOST COMPARABLE GAAP MEASURES
Three-month Period Ended | Year Ended | |||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||||||
RMB | RMB | RMB | RMB | |||||||||||||
GAAP net income (loss) attributable to ACG | 13,256,733 | (26,303,853 | ) | (36,097,777 | ) | (48,047,494 | ) | |||||||||
Share-based compensation expenses | 158,682 | 103,432 | 2,811,732 | 569,708 | ||||||||||||
Foreign currency exchange losses, net | 11,321 | 1,731 | 18,989 | 19,401 | ||||||||||||
Non-GAAP net income (loss) attributable to ACG | 13,426,736 | (26,198,690 | ) | (33,267,056 | ) | (47,458,385 | ) | |||||||||
GAAP earnings (losses) per common share attributable to ACG | ||||||||||||||||
Basic and diluted | 0.21 | (0.42 | ) | (0.57 | ) | (0.76 | ) | |||||||||
Non-GAAP earnings (losses) per common share attributable to ACG | ||||||||||||||||
Basic and diluted | 0.21 | (0.41 | ) | (0.53 | ) | (0.75 | ) | |||||||||
SOURCE: ATA Creativity Global
View the original press release on ACCESS Newswire
FAQ
What were AACG's Q4 2025 revenue and net income results?
How did AACG perform for FY 2025 versus FY 2024 in revenue and margins?
What caused AACG's operating expense increase in Q4 2025?
How much cash did AACG have and what capital raise did it complete in 2026?
What operational trends did AACG report for student enrollment and credit hours in Q4 2025?
