17 Education & Technology Group Inc. (YQ) Income Statement
YQ 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanYQ revenue and net income
Where YQ's revenue goes
2025Each bar shows an amount and its share of revenue. YQ kept −145.6% of revenue as net income.
YQ profit margins
YQ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −45.5% | −42.1% | −39.7% | — |
| Gross profit | −28.8% | −46.7% | −42.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
YQ income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥103.1M | CN¥189.2M | CN¥171.0M | CN¥531.1M | CN¥2.18B | CN¥1.29B | CN¥406.2M | CN¥310.7M | CN¥79.5M | CN¥3.7M |
| Cost of revenue | CN¥53.9M | CN¥120.0M | CN¥90.3M | CN¥206.2M | CN¥878.2M | CN¥495.7M | CN¥173.5M | CN¥105.0M | CN¥65.5M | CN¥967,449 |
| Gross profit | CN¥49.2M | CN¥69.2M | CN¥80.7M | CN¥324.9M | CN¥1.31B | CN¥798.7M | CN¥232.8M | CN¥205.7M | CN¥14.0M | CN¥2.7M |
| Research & development | CN¥54.6M | CN¥72.0M | CN¥167.9M | CN¥235.8M | CN¥800.2M | CN¥614.8M | CN¥491.3M | CN¥398.6M | CN¥7.5M | CN¥1.9M |
| Sales, general & admin | CN¥142.5M | CN¥211.0M | CN¥255.5M | CN¥317.2M | CN¥1.86B | CN¥1.52B | CN¥741.6M | CN¥506.6M | CN¥42.9M | CN¥5.7M |
| Total operating expenses | CN¥208.3M | CN¥283.0M | CN¥423.5M | CN¥536.0M | CN¥2.66B | CN¥2.13B | CN¥1.23B | CN¥905.2M | CN¥115.9M | CN¥8.5M |
| Operating income | −CN¥159.1M | −CN¥213.8M | −CN¥342.8M | −CN¥211.1M | −CN¥1.47B | −CN¥1.33B | −CN¥1.00B | −CN¥699.5M | −CN¥36.4M | −CN¥4.8M |
| Interest income | CN¥8.7M | CN¥16.3M | CN¥27.8M | CN¥11.4M | CN¥24.6M | CN¥8.4M | CN¥23.8M | CN¥34.0M | — | — |
| Interest expense | — | — | — | CN¥33.3M | CN¥89.7M | CN¥2.9M | CN¥485,000 | CN¥0 | CN¥0 | CN¥0 |
| Income before taxes | −CN¥150.2M | −CN¥192.9M | −CN¥311.8M | −CN¥177.9M | −CN¥1.44B | −CN¥1.34B | −CN¥963.8M | −CN¥656.1M | −CN¥22.7M | −CN¥16.4M |
| Income taxes | — | — | −CN¥27.0M | −CN¥159,000 | −CN¥60.1M | −CN¥32.5M | CN¥587,000 | CN¥43.4M | — | — |
| Net income | −CN¥150.2M | −CN¥192.9M | −CN¥311.8M | −CN¥177.7M | −CN¥1.44B | −CN¥1.34B | −CN¥964.3M | −CN¥656.1M | −CN¥22.0M | −CN¥16.4M |
| EBITDA | −CN¥149.4M | −CN¥201.5M | −CN¥326.6M | −CN¥186.4M | −CN¥1.29B | −CN¥1.29B | −CN¥940.6M | −CN¥640.3M | — | — |
| Gross margin | 47.8% | 36.6% | 47.2% | 61.2% | 59.8% | 61.7% | 57.3% | 66.2% | 17.6% | 73.7% |
| Operating margin | −154.3% | −113.0% | −200.5% | −39.8% | −67.5% | −103.1% | −246.2% | −225.1% | −45.8% | −131.5% |
| Net margin | −145.6% | −102.0% | −182.4% | −33.5% | −66.0% | −103.5% | −237.4% | −211.2% | −27.7% | −444.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥90.2M | CN¥99.5M | CN¥38.4M | CN¥20.0M | CN¥25.4M | CN¥21.7M | CN¥36.6M | CN¥59.6M | CN¥67.5M | CN¥25.5M | CN¥47.3M | CN¥45.1M |
| Cost of revenue | CN¥27.8M | CN¥37.9M | CN¥20.7M | CN¥9.8M | CN¥10.8M | CN¥13.8M | CN¥24.3M | CN¥23.3M | CN¥56.7M | CN¥15.7M | CN¥26.8M | CN¥20.7M |
| Gross profit | CN¥62.4M | CN¥61.6M | CN¥17.7M | CN¥10.2M | CN¥14.6M | CN¥7.8M | CN¥12.3M | CN¥36.3M | CN¥10.8M | CN¥9.8M | CN¥20.6M | CN¥24.4M |
| Research & development | CN¥20.0M | CN¥16.2M | CN¥16.1M | CN¥15.2M | CN¥12.0M | CN¥12.6M | CN¥17.0M | CN¥12.8M | CN¥23.2M | CN¥19.1M | CN¥40.9M | CN¥45.9M |
| Sales, general & admin | CN¥42.9M | CN¥66.7M | CN¥83.6M | CN¥41.6M | CN¥31.1M | CN¥29.1M | CN¥64.4M | CN¥45.2M | CN¥47.8M | CN¥53.6M | CN¥110.9M | CN¥57.1M |
| Total operating expenses | CN¥63.0M | CN¥82.9M | CN¥71.5M | CN¥56.9M | CN¥43.1M | CN¥41.7M | CN¥105.7M | CN¥58.0M | CN¥71.0M | CN¥72.7M | CN¥122.8M | CN¥103.1M |
| Operating income | −CN¥631,671 | −CN¥21.3M | −CN¥53.8M | −CN¥46.6M | −CN¥28.5M | −CN¥33.9M | −CN¥69.1M | −CN¥21.6M | −CN¥60.2M | −CN¥62.9M | −CN¥102.3M | −CN¥78.7M |
| Interest income | CN¥1.7M | CN¥1.8M | CN¥1.6M | CN¥2.1M | CN¥2.2M | CN¥2.7M | CN¥2.9M | CN¥3.8M | CN¥4.4M | CN¥5.1M | CN¥5.8M | CN¥6.2M |
| Income before taxes | CN¥1.1M | −CN¥19.4M | −CN¥52.3M | −CN¥44.5M | −CN¥25.9M | −CN¥30.9M | −CN¥63.7M | −CN¥17.4M | −CN¥55.7M | −CN¥56.1M | −CN¥98.4M | −CN¥79.0M |
| Income taxes | — | — | — | — | CN¥6,000 | — | — | — | — | −CN¥5.1M | −CN¥9.0M | −CN¥6.2M |
| Net income | CN¥1.1M | −CN¥19.4M | −CN¥52.3M | −CN¥44.5M | −CN¥26.0M | −CN¥30.9M | −CN¥63.7M | −CN¥17.4M | −CN¥55.7M | −CN¥56.1M | −CN¥98.4M | −CN¥72.9M |
| EBITDA | −CN¥631,671 | −CN¥18.8M | −CN¥44.1M | −CN¥43.6M | −CN¥25.4M | −CN¥30.8M | — | −CN¥17.6M | −CN¥56.1M | −CN¥58.9M | −CN¥98.2M | −CN¥72.5M |
| Gross margin | 69.2% | 61.9% | 46.1% | 51.2% | 57.5% | 36.2% | 33.6% | 60.9% | 16.0% | 38.4% | 43.4% | 54.1% |
| Operating margin | −0.7% | −21.4% | −140.2% | −233.1% | −112.0% | −156.3% | −188.8% | −36.3% | −89.2% | −246.7% | −216.0% | −174.4% |
| Net margin | 1.2% | −19.5% | −136.1% | −222.5% | −102.1% | −142.8% | −174.2% | −29.2% | −82.5% | −219.9% | −207.9% | −161.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in YQ's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
YQ financial results
In fiscal year 2025 (ended December 31, 2025), 17 Education & Technology reported revenue of CN¥103.1 million, down 45.5% from the year before. It had a net loss of CN¥150.2 million, a net profit margin of −145.6%. Over five years revenue grew at an average rate of −39.7% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the YQ stock overview for the latest quote and news, or the YQ chart for price history and technical indicators.
YQ income statement FAQ
What is 17 Education & Technology's annual revenue?
17 Education & Technology reported total revenue of CN¥103.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 45.5% from CN¥189.2 million the previous year.
Is 17 Education & Technology profitable?
No. 17 Education & Technology reported a net loss of CN¥150.2 million in fiscal 2025, a net profit margin of −145.6%; its operating margin was −154.3%.
What is 17 Education & Technology's gross margin?
17 Education & Technology's gross margin was 47.8% in fiscal 2025: for every $100 of revenue, 17 Education & Technology kept $48 after the direct cost of its products and services.
How much does 17 Education & Technology spend on research and development?
17 Education & Technology spent CN¥54.6 million on research and development in fiscal 2025, 53.0% of revenue.
How fast is 17 Education & Technology growing?
Revenue grew −39.7% a year on average over the last five fiscal years, from CN¥1.3 billion to CN¥103.1 million.
When will 17 Education & Technology report its next earnings?
17 Education & Technology is expected to report results for the quarter ending September 30, 2026 on December 8, 2026.
When does 17 Education & Technology's fiscal year end?
17 Education & Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.