17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results
Rhea-AI Summary
17 Education & Technology Group (NASDAQ: YQ) reported unaudited Q4 and FY 2025 results. FY 2025 revenue fell 44.0% to RMB106.0 million while gross margin improved to 47.8%. Net loss narrowed to RMB154.4 million (down 20.0% YoY). The company held RMB407.0 million in cash at year-end and launched a consumer AI product, Yiqi Aixue, with strong pre-sales.
Q4 2025 revenue was RMB38.9 million, gross margin rose to 46.1%, and adjusted non-GAAP loss remained significant at RMB123.6 million for the year.
Positive
- Gross margin +12.5 percentage points Q4 2025 vs Q4 2024
- Cash balance RMB407.0 million as of December 31, 2025
- Net loss decreased 20.0% year-over-year in 2025
Negative
- Net revenues -44.0% in 2025 vs 2024 (RMB106.0 million)
- Adjusted net loss as % of revenues worsened to -116.6% in 2025
- Sales and marketing expenses +99.0% in Q4 2025 vs Q4 2024
News Market Reaction – YQ
On the day this news was published, YQ declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +28.8% during that session. Argus tracked a trough of -19.5% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. Trading volume was very high at 4.0x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Several China education peers showed downside momentum, with 3 scanner names all down (median about -2.7%) while YQ was down 1.43%, suggesting selling pressure across the group rather than a purely idiosyncratic move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 09 | Q3 2025 earnings | Negative | -10.0% | Sharp revenue decline with margin improvement and continued net losses. |
| Sep 03 | Q2 2025 earnings | Positive | +19.0% | Higher margins, smaller net loss, and new US$10M share repurchase plan. |
| Jun 10 | Q1 2025 earnings | Neutral | -3.0% | Revenue decline offset by sizeable loss reduction and lower operating costs. |
| Mar 25 | Q4/FY 2024 earnings | Positive | -10.2% | Improved annual net loss and SaaS growth despite margin compression. |
| Dec 11 | Q3 2024 earnings | Positive | +5.0% | Strong revenue growth, higher gross margin, and sharply narrower net loss. |
Earnings reactions have mostly aligned with the tone of results: margin and loss improvements paired with revenue pressure saw mixed but often directionally consistent price moves, with one notable selloff on otherwise improving metrics.
Over the past five earnings releases, 17EdTech has repeatedly reported shrinking revenues but improving gross margins and narrowing net losses. Q2 and Q3 2025 highlighted substantial efficiency gains and an AI-driven subscription pivot, including a US$10M repurchase authorization and the "Yiqi Aixue" rollout. Earlier FY 2024 results showed SaaS subscription growth but weaker margins. Today’s Q4/FY 2025 report extends this pattern of better profitability metrics against a smaller revenue base.
Historical Comparison
Across the last five earnings releases, average 24-hour stock moves were modest at about 0.16%, though individual reports saw swings from double-digit gains to double-digit declines as margins improved while revenues contracted.
Earnings since late 2024 show a consistent shift toward higher-margin subscription and AI-driven offerings, with operating expenses and net losses trending down even as reported revenues decline from legacy project work.
Market Pulse Summary
This announcement highlights ongoing transformation at 17EdTech: FY 2025 net revenues fell sharply, but gross margin rose to 47.8% and net loss narrowed. Management emphasized new AI products such as “Yiqi Aixue” and a cash balance of RMB407.0M. Historically, earnings have produced mixed price responses. Investors may watch future quarters for revenue stabilization, sustained margin strength, and further loss reduction as the subscription model scales.
Key Terms
non-GAAP financial
free cash flow financial
AI-generated analysis. Not financial advice.
BEIJING, March 25, 2026 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2025.
Fourth Quarter 2025 Highlights1
- Net revenues were RMB38.9 million (US
$5.6 million ), compared with net revenues of RMB36.6 million in the fourth quarter of 2024. - Gross margin was
46.1% , compared with33.6% in the fourth quarter of 2024. - Net loss was RMB53.0 million (US
$7.6 million ), compared with net loss of RMB63.7 million in the fourth quarter of 2024. - Net loss as a percentage of net revenues was negative
136.1% in the fourth quarter of 2025, compared with negative174.2% in the fourth quarter of 2024. - Adjusted net loss2 (non-GAAP), which excluded share-based compensation expenses of RMB8.9 million (US
$1.3 million ), was RMB44.1 million (US$6.3 million ), compared with adjusted net loss (non-GAAP) of RMB40.1 million in the fourth quarter of 2024. - Adjusted net loss (non-GAAP) as a percentage of net revenues was negative
113.2% in the fourth quarter of 2025, compared with negative109.5% adjusted net loss (non-GAAP) as a percentage of net revenues in the fourth quarter of 2024.
Fiscal Year 2025 Highlights
- Net revenues were RMB106.0 million (US
$15.2 million ), compared with net revenues of RMB189.2 million in 2024. - Gross margin was
47.8% , compared with36.6% in 2024. - Net loss was RMB154.4 million (US
$22.1 million ), compared with net loss of RMB192.9 million in 2024. - Net loss as a percentage of net revenues was negative
145.6% in 2025, compared with negative102.0% in 2024. - Adjusted net loss (non-GAAP), which excluded share-based compensation expenses of RMB30.8 million (US
$4.4 million ), was RMB123.6 million (US$17.7 million ), compared with adjusted net loss (non-GAAP) of RMB131.0 million in 2024. - Adjusted net loss (non-GAAP) as a percentage of net revenues was negative
116.6% in 2025, compared with negative69.2% of adjusted net loss as a percentage of net revenues in 2024.
| 1 | For a reconciliation of non-GAAP numbers, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release. | ||
| 2 | Adjusted net income (loss) represents net income (loss) excluding share-based compensation expenses. | ||
Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “In the fourth quarter of 2025, we continued to deliver steady progress in our core business, while successfully launching our new consumer-facing product, ‘Yiqi Aixue,’ which is closely aligned with the national ‘AI + Education’ initiative. Driven by the brand recognition and user trust we have cultivated over the past decade, our new AI membership product has achieved strong pre-sale orders and received highly positive market feedback since its launch, demonstrating its robust growth prospects in the quarters ahead.”
Ms. Sishi Zhou, Chief Financial Officer of the Company, added, “We managed to make solid business progress and achieved top-line growth on a year-over-year and quarter-on-quarter basis. Our continued focus on operational efficiency led to a reduction in net loss on a GAAP basis. In addition, fueled by the robust pre-sale demand for our new business initiatives, we generated a significant increase in free cash flow. As of quarter-end, we maintained a healthy cash balance of RMB407.0 million, underscoring the promising trajectory of our new AI-powered offerings.”
Fourth Quarter 2025 Unaudited Financial Results
Net Revenues
Net revenues for the fourth quarter of 2025 were RMB38.9 million (US
Cost of Revenues
Cost of revenues for the fourth quarter of 2025 was RMB21.0 million (US
Gross Profit and Gross Margin
Gross profit for the fourth quarter of 2025 was RMB17.9 million (US
Gross margin for the fourth quarter of 2025 was
Total Operating Expenses
The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages):
| For the three months ended December 31, | |||||||||||||||||||||||
| 2024 | 2025 | Year- | |||||||||||||||||||||
| RMB | % | RMB | USD | % | over-year | ||||||||||||||||||
| Sales and marketing expenses | 20,183 | 55.2 | % | 40,166 | 5,744 | 103.2 | % | 99.0 | % | ||||||||||||||
| Research and development expenses | 16,969 | 46.4 | % | 16,327 | 2,335 | 41.9 | % | -3.8 | % | ||||||||||||||
| General and administrative expenses | 44,206 | 120.8 | % | 16,013 | 2,290 | 41.1 | % | -63.8 | % | ||||||||||||||
| Total operating expenses | 81,358 | 222.4 | % | 72,506 | 10,369 | 186.2 | % | -10.9 | % | ||||||||||||||
Total operating expenses for the fourth quarter of 2025 were RMB72.5 million (US
Sales and marketing expenses for the fourth quarter of 2025 were RMB40.2 million (US
Research and development expenses for the fourth quarter of 2025 were RMB16.3 million (US
General and administrative expenses for the fourth quarter of 2025 were RMB16.0 million (US
Loss from Operations
Loss from operations for the fourth quarter of 2025 was RMB54.6 million (US
Net Loss
Net loss for the fourth quarter of 2025 was RMB53.0 million (US
Adjusted Net Loss (non-GAAP)
Adjusted net loss (non-GAAP) for the fourth quarter of 2025 was RMB44.1 million (US
Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net income (loss) (non-GAAP).
Fiscal Year 2025 Unaudited Financial Results
Net Revenues
Net revenues in 2025 were RMB106.0 million (US
Cost of Revenues
Cost of revenues in 2025 was RMB55.4 million (US
Gross Profit and Gross Margin
Gross profit in 2025 was RMB50.6 million (US
Gross margin in 2025 was
Total Operating Expenses
The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the years indicated (in thousands, except for percentages):
| For the year ended December 31, | |||||||||||||||||||||||
| 2024 | 2025 | Year- | |||||||||||||||||||||
| RMB | % | RMB | USD | % | over-year | ||||||||||||||||||
| Sales and marketing expenses | 76,088 | 40.2 | % | 83,043 | 11,875 | 78.3 | % | 9.1 | % | ||||||||||||||
| Research and development expenses | 71,997 | 38.1 | % | 56,169 | 8,032 | 53.0 | % | -22.0 | % | ||||||||||||||
| General and administrative expenses | 134,935 | 71.3 | % | 74,965 | 10,720 | 70.7 | % | -44.4 | % | ||||||||||||||
| Total operating expenses | 283,020 | 149.6 | % | 214,177 | 30,627 | 202.0 | % | -24.3 | % | ||||||||||||||
Total operating expenses in 2025 were RMB214.2 million (US
Sales and marketing expenses in 2025 were RMB83.0 million (US
Research and development expenses in 2025 were RMB56.2 million (US
General and administrative expenses in 2025 were RMB75.0 million (US
Loss from Operations
Loss from operations in 2025 was RMB163.6 million (US
Net Loss
Net loss in 2025 was RMB154.4 million (US
Adjusted Net Loss (non-GAAP)
Adjusted net loss (non-GAAP) in 2025 was RMB123.6 million (US
Cash and Cash Equivalents, Restricted Cash and Term Deposit
Cash and cash equivalents, restricted cash and term deposit were RMB407.0 million (US
Conference Call Information
The Company will hold a conference call on Tuesday, March 24, 2026 at 9:00 p.m. U.S. Eastern Time (Wednesday, March 25, 2026 at 9:00 a.m. Beijing time) to discuss the financial results for the fourth quarter and the fiscal year of 2025.
Please note that all participants will need to preregister for the conference call participation by navigating to https://register-conf.media-server.com/register/BI0400769ebfd54d808c437511788d45d9.
Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly.
Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/.
Non-GAAP Financial Measures
17EdTech’s management uses adjusted net income (loss) as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects.
Adjusted net income (loss) represents net loss excluding share-based compensation expenses and such adjustment has no impact on income tax.
Adjusted net income (loss) is used by 17EdTech’s management in their financial and operating decision-making as a non-GAAP financial measure; because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results.
The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP.
Exchange Rate Information
The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ deficit and cash flows from RMB into USD as of and for the three months and the year ended December 31, 2025 are solely for the convenience of the readers and were calculated at the rate of US
About 17 Education & Technology Group Inc.
17 Education & Technology Group Inc. is a leading education technology company in China, offering smart in-school classroom solution that delivers data-driven teaching, learning and assessment products to teachers, students and parents. Leveraging its extensive knowledge and expertise obtained from in-school business over the past decade, the Company provides teaching and learning SaaS offerings to facilitate the digital transformation and upgrade at Chinese schools, with a focus on improving the efficiency and effectiveness of core teaching and learning scenarios such as homework assignments and in-class teaching. The product utilizes the Company’s technology and data insights to provide personalized and targeted learning and exercise content that is aimed at improving students’ learning efficiency.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China's online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
17 Education & Technology Group Inc.
Ms. Lara Zhao
Investor Relations Manager
E-mail: ir@17zuoye.com
| 17 EDUCATION & TECHNOLOGY GROUP INC. | |||||||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||||
| (In thousands of RMB and USD, except for share and per ADS data, or otherwise noted) | |||||||||||
| As of December 31, | As of December 31, | ||||||||||
| 2024 | 2025 | 2025 | |||||||||
| RMB | RMB | USD | |||||||||
| ASSETS | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | 234,144 | 246,448 | 35,242 | ||||||||
| Restricted cash | 49 | 49 | 7 | ||||||||
| Term deposits | 125,108 | 160,471 | 22,947 | ||||||||
| Accounts receivable | 67,097 | 42,577 | 6,088 | ||||||||
| Prepaid expenses and other current assets | 82,513 | 101,135 | 14,462 | ||||||||
| Total current assets | 508,911 | 550,680 | 78,746 | ||||||||
| Non-current assets | |||||||||||
| Property and equipment, net | 26,410 | 22,455 | 3,211 | ||||||||
| Right-of-use assets | 11,768 | 15,003 | 2,145 | ||||||||
| Other non-current assets | 2,428 | 2,385 | 341 | ||||||||
| TOTAL ASSETS | 549,517 | 590,523 | 84,443 | ||||||||
| LIABILITIES | |||||||||||
| Current liabilities | |||||||||||
| Accrued expenses and other current liabilities | 104,422 | 123,280 | 17,628 | ||||||||
| Deferred revenue and customer advances, current | 40,397 | 165,939 | 23,729 | ||||||||
| Operating lease liabilities, current | 6,798 | 4,992 | 714 | ||||||||
| Total current liabilities | 151,617 | 294,211 | 42,071 | ||||||||
| As of December 31, | As of December 31, | ||||||||||
| 2024 | 2025 | 2025 | |||||||||
| RMB | RMB | USD | |||||||||
| Non-current liabilities | |||||||||||
| Operating lease liabilities, non-current | 4,261 | 9,684 | 1,385 | ||||||||
| TOTAL LIABILITIES | 155,878 | 303,895 | 43,456 | ||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Class A ordinary shares | 241 | 256 | 37 | ||||||||
| Class B ordinary shares | 81 | 140 | 20 | ||||||||
| Treasury stock | (34) | (42) | (6) | ||||||||
| Additional paid-in capital | 11,070,615 | 11,126,837 | 1,591,117 | ||||||||
| Accumulated other comprehensive income | 86,410 | 77,527 | 11,085 | ||||||||
| Accumulated deficit | (10,763,674) | (10,918,090) | (1,561,266) | ||||||||
| TOTAL SHAREHOLDERS' EQUITY | 393,639 | 286,628 | 40,987 | ||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 549,517 | 590,523 | 84,443 | ||||||||
| 17 EDUCATION & TECHNOLOGY GROUP INC. | ||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||
| (In thousands of RMB and USD, except for share and per ADS data, or otherwise noted) | ||||||||||||
| For the three months ended December 31, | ||||||||||||
| 2024 | 2025 | 2025 | ||||||||||
| RMB | RMB | USD | ||||||||||
| Net revenues | 36,593 | 38,937 | 5,568 | |||||||||
| Cost of revenues | (24,309) | (21,002) | (3,003) | |||||||||
| Gross profit | 12,284 | 17,935 | 2,565 | |||||||||
| Operating expenses (Note 1) | ||||||||||||
| Sales and marketing expenses | (20,183) | (40,166) | (5,744) | |||||||||
| Research and development expenses | (16,969) | (16,327) | (2,335) | |||||||||
| General and administrative expenses | (44,206) | (16,013) | (2,290) | |||||||||
| Total operating expenses | (81,358) | (72,506) | (10,369) | |||||||||
| Loss from operations | (69,074) | (54,571) | (7,804) | |||||||||
| Interest income | 2,899 | 1,582 | 226 | |||||||||
| Foreign currency exchange gain (loss) | 620 | (18) | (3) | |||||||||
| Other income, net | 1,807 | — | — | |||||||||
| Loss before provision for income tax and income from equity method investments | (63,748) | (53,007) | (7,581) | |||||||||
| Income tax expenses | — | — | — | |||||||||
| Net loss | (63,748) | (53,007) | (7,581) | |||||||||
| Net loss available to ordinary shareholders of 17 | (63,748) | (53,007) | (7,581) | |||||||||
| Education & Technology Group Inc. | ||||||||||||
| Net loss per ordinary share | ||||||||||||
| Basic and diluted | (0.15) | (0.09) | (0.01) | |||||||||
| Net loss per ADS (Note 2) | ||||||||||||
| Basic and diluted | (7.50) | (4.50) | (0.50) | |||||||||
| Weighted average shares used in calculating net loss per ordinary share | ||||||||||||
| Basic and diluted | 433,337,710 | 568,912,162 | 568,912,162 | |||||||||
| Note 1: Share-based compensation expenses were included in the operating expenses as follows: | ||||||||||||
| For the three months ended December 31, | ||||||||||||
| 2024 | 2025 | 2025 | ||||||||||
| RMB | RMB | USD | ||||||||||
| Share-based compensation expenses: | ||||||||||||
| Sales and marketing expenses | 4,271 | 1,692 | 242 | |||||||||
| Research and development expenses | 3,879 | 2,898 | 414 | |||||||||
| General and administrative expenses | 15,519 | 4,332 | 619 | |||||||||
| Total | 23,669 | 8,922 | 1,275 | |||||||||
| Note 2: Each one ADS represents fifty Class A ordinary shares. | ||||||||||||
| 17 EDUCATION & TECHNOLOGY GROUP INC. | |||||||||||
| Reconciliations of non-GAAP measures to the most comparable GAAP measures | |||||||||||
| (In thousands of RMB and USD, except for share, per share and per ADS data) | |||||||||||
| For the three months ended December 31, | |||||||||||
| 2024 | 2025 | 2025 | |||||||||
| RMB | RMB | USD | |||||||||
| Net Loss | (63,748) | (53,007) | (7,581) | ||||||||
| Share-based compensation | 23,669 | 8,922 | 1,275 | ||||||||
| Income tax effect | — | — | — | ||||||||
| Adjusted net loss | (40,079) | (44,085) | (6,306) | ||||||||
| 17 EDUCATION & TECHNOLOGY GROUP INC. | |||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||
| (In thousands of RMB and USD, except for share and per ADS data, or otherwise noted) | |||||||||||
| For the year ended December 31, | |||||||||||
| 2024 | 2025 | 2025 | |||||||||
| RMB | RMB | USD | |||||||||
| Net revenues | 189,212 | 106,024 | 15,161 | ||||||||
| Cost of revenues | (120,004) | (55,397) | (7,922) | ||||||||
| Gross profit | 69,208 | 50,627 | 7,239 | ||||||||
| Operating expenses (Note 1) | |||||||||||
| Sales and marketing expenses | (76,088) | (83,043) | (11,875) | ||||||||
| Research and development expenses | (71,997) | (56,169) | (8,032) | ||||||||
| General and administrative expenses | (134,935) | (74,965) | (10,720) | ||||||||
| Total operating expenses | (283,020) | (214, 177) | (30,627) | ||||||||
| Loss from operations | (213,812) | (163,550) | (23,388) | ||||||||
| Interest income | 16,260 | 8,655 | 1,238 | ||||||||
| Foreign currency exchange gain (loss) | 226 | (182) | (26) | ||||||||
| Other income, net | 4,399 | 661 | 95 | ||||||||
| Loss before provision for income tax and income from equity method investments | (192,927) | (154,416) | (22,081) | ||||||||
| Income tax expenses | — | — | — | ||||||||
| Net loss | (192,927) | (154,416) | (22,081) | ||||||||
| Net loss available to ordinary shareholders of 17 | (192,927) | (154,416) | (22,081) | ||||||||
| Education & Technology Group Inc. | |||||||||||
| Net loss per ordinary share | |||||||||||
| Basic and diluted | (0.48) | (0.31) | (0.04) | ||||||||
| Net loss per ADS (Note 2) | |||||||||||
| Basic and diluted | (24.00) | (15.50) | (2.00) | ||||||||
| Weighted average shares used in calculating net loss per ordinary share | |||||||||||
| Basic and diluted | 401,923,200 | 501,449,735 | 501,449,735 | ||||||||
| Note 1: Share-based compensation expenses were included in the operating expenses as follows: | |||||||||||
| For the year ended December 31, | |||||||||||
| 2024 | 2025 | 2025 | |||||||||
| RMB | RMB | USD | |||||||||
| Share-based compensation expenses: | |||||||||||
| Sales and marketing expenses | 10,204 | 7,332 | 1,048 | ||||||||
| Research and development expenses | 14,656 | 10,271 | 1,469 | ||||||||
| General and administrative expenses | 37,057 | 13,225 | 1,891 | ||||||||
| Total | 61,917 | 30,828 | 4,408 | ||||||||
| Note 2: Each one ADS represents fifty Class A ordinary shares. | |||||||||||
| 17 EDUCATION & TECHNOLOGY GROUP INC. | |||||||||||||
| Reconciliations of non-GAAP measures to the most comparable GAAP measures | |||||||||||||
| (In thousands of RMB and USD, except for share, per share and per ADS data) | |||||||||||||
| For the year ended December 31, | |||||||||||||
| 2024 | 2025 | 2025 | |||||||||||
| RMB | RMB | USD | |||||||||||
| Net Loss | (192,927) | (154,416) | (22,081) | ||||||||||
| Share-based compensation | 61,917 | 30,828 | 4,408 | ||||||||||
| Income tax effect | — | — | — | ||||||||||
| Adjusted net loss | (131,010) | (123,588) | (17,673) | ||||||||||
FAQ
What were 17EdTech (YQ) Q4 2025 revenues and margins?
How did 17EdTech (YQ) perform for the full year 2025 in revenue and net loss?
What is 17EdTech's (YQ) cash position at year-end 2025?
What drove margin improvement at 17EdTech (YQ) in 2025?
What impact did the Yiqi Aixue AI product have on 17EdTech (YQ) results?
