17 Education & Technology Group Inc. (YQ) Key Metrics
YQ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Chinese yuanYQ returns How much profit the business earns on the capital it uses.
YQ financial health Debt, liquidity and how easily interest is covered.
YQ efficiency & capital use Working capital cycle and where the cash goes.
YQ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
YQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
YQ cash returned to shareholders
YQ key metrics in Chinese yuan
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −44.1% | −43.5% | −49.8% | −22.8% | −100.8% | — | — | — | — | — |
| Return on invested capital (ROIC) | — | −420.5% | −625.6% | — | — | — | — | — | −81.1% | — |
| Return on assets (ROA) | −26.3% | −31.3% | −37.5% | −13.9% | −58.0% | −62.2% | −81.7% | −83.6% | −28.9% | −66.1% |
| Return on tangible assets | −25.4% | −35.1% | −45.5% | −18.1% | −91.2% | −39.5% | −105.0% | −45.5% | — | −70.5% |
| Free cash flow margin | 28.7% | −78.5% | −139.6% | −87.9% | −74.9% | −47.3% | −167.4% | −145.7% | −32.0% | −122.0% |
| Financial health | ||||||||||
| Total debt | CN¥14.7M | CN¥11.1M | CN¥17.3M | CN¥26.3M | CN¥147.2M | CN¥187.5M | CN¥149.4M | CN¥44.1M | CN¥116.8M | CN¥27.4M |
| Cash & short-term investments | CN¥407.2M | CN¥359.3M | CN¥476.7M | CN¥733.4M | CN¥1.19B | CN¥2.83B | CN¥653.9M | CN¥1.27B | CN¥24.4M | CN¥9.4M |
| Net debt | −CN¥392.5M | −CN¥348.2M | −CN¥459.4M | −CN¥707.2M | −CN¥1.04B | −CN¥2.65B | −CN¥504.4M | −CN¥1.23B | CN¥92.4M | CN¥18.0M |
| Debt / equity | 0.05 | 0.03 | 0.04 | 0.03 | 0.18 | 0.09 | — | — | — | — |
| Debt / assets | 0.02 | 0.02 | 0.03 | 0.03 | 0.09 | 0.06 | 0.16 | 0.03 | 0.91 | 1.11 |
| Current ratio | 1.87 | 3.36 | 3.49 | 4.27 | 1.97 | 2.53 | 1.11 | 4.14 | — | — |
| Quick ratio | 1.78 | 3.36 | 2.99 | 4.22 | 2.00 | 2.53 | 0.98 | 3.97 | — | — |
| Interest coverage | — | — | — | -6.3 | -16.4 | -456.1 | — | — | — | — |
| Working capital | CN¥256.6M | CN¥357.3M | CN¥450.1M | CN¥699.2M | CN¥659.7M | CN¥1.84B | CN¥76.9M | CN¥1.01B | — | — |
| Invested capital | −CN¥105.7M | CN¥45.4M | CN¥34.9M | CN¥51.7M | −CN¥246.6M | −CN¥583.3M | −CN¥4.96B | −CN¥4.21B | CN¥75.6M | −CN¥4.6M |
| Tangible asset value | CN¥286.8M | CN¥393.6M | CN¥494.3M | CN¥758.9M | CN¥797.0M | CN¥2.06B | −CN¥4.46B | −CN¥2.98B | −CN¥170.8M | −CN¥24.2M |
| Net current asset value | CN¥246.9M | CN¥353.0M | CN¥440.5M | CN¥691.7M | CN¥559.3M | CN¥1.72B | −CN¥4.62B | −CN¥3.08B | — | — |
| Capital allocation | ||||||||||
| Share buybacks (net) | CN¥3.4M | CN¥1.1M | CN¥51.4M | CN¥33.9M | CN¥0 | CN¥0 | CN¥0 | CN¥21.1M | — | — |
| Dividends + buybacks / free cash flow | 11.5% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 6.5% | 5.0% | 15.6% | 0.5% | 5.9% | 6.9% | 12.0% | 10.9% | 0.6% | 8.4% |
| Capex / operating cash flow | 18.4% | — | — | — | — | — | — | — | — | — |
| Capex / depreciation | 0.69 | 0.76 | 1.64 | 0.11 | 2.00 | 2.25 | 2.14 | 2.15 | 0.09 | 2.87 |
| Stock-based compensation / revenue | 29.9% | 32.7% | 49.0% | 24.4% | 8.9% | 27.5% | 22.9% | 39.8% | — | — |
| R&D / revenue | 53.0% | 38.1% | 98.2% | 44.4% | 36.6% | 47.5% | 120.9% | 128.3% | 9.4% | 51.0% |
| SG&A / revenue | 138.2% | 111.5% | 149.5% | 59.7% | 85.1% | 117.3% | 182.6% | 163.1% | 54.0% | 154.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 195.0 | 122.8 | 119.3 | 25.8 | 2.5 | 3.0 | 9.6 | 8.8 | — | — |
| Days of inventory on hand | 173.2 | — | 202.5 | -11.4 | -6.3 | 29.8 | 151.8 | 195.0 | — | — |
| Days payables outstanding | — | — | 516.7 | — | 81.9 | 7.8 | 22.3 | 26.7 | 22.9 | 131.3 |
| Cash conversion cycle (days) | — | — | -194.9 | — | -85.7 | 25.0 | 139.1 | 177.1 | — | — |
| Receivables turnover | 1.87 | 2.97 | 3.06 | 14.14 | 143.24 | 121.61 | 38.03 | 41.55 | — | — |
| Payables turnover | — | — | 0.71 | — | 4.46 | 46.98 | 16.38 | 13.69 | 15.97 | 2.78 |
| Inventory turnover | 2.11 | — | 1.80 | — | — | — | 2.41 | 1.87 | — | — |
| Asset turnover | 0.18 | 0.31 | 0.21 | 0.41 | 0.88 | 0.60 | 0.34 | 0.40 | 1.04 | 0.15 |
| Average receivables | CN¥55.1M | CN¥63.7M | CN¥55.9M | CN¥37.6M | CN¥15.3M | CN¥10.6M | CN¥10.7M | CN¥7.5M | — | — |
| Average payables | — | — | CN¥127.8M | — | CN¥197.1M | CN¥10.6M | CN¥10.6M | CN¥7.7M | CN¥4.1M | CN¥348,000 |
| Average inventory | CN¥25.6M | — | CN¥50.1M | −CN¥6.4M | −CN¥15.2M | CN¥40.5M | CN¥72.1M | CN¥56.1M | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 120.6% | 6.3% |
Computed from YQ's annual financial statements (latest annual report filed April 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
YQ valuation and financial ratios
17 Education & Technology earned a return on equity of −44.1% in fiscal 2025. It ended the year with CN¥14.7 million of debt and CN¥407.2 million in cash and short-term investments, a net cash position of CN¥392.5 million. It returned CN¥3.4 million to shareholders: CN¥0 in dividends and CN¥3.4 million in share buybacks, 12% of free cash flow.
See the YQ income statement, the YQ chart for price history, or the YQ stock overview for the latest quote and news.
YQ key metrics FAQ
What is 17 Education & Technology's return on equity?
17 Education & Technology's return on equity (ROE) was −44.1% in fiscal 2025: net income of -CN¥150.2 million on average shareholders' equity of CN¥340.2 million.
How much debt does 17 Education & Technology have?
17 Education & Technology had total debt of CN¥14.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
Does 17 Education & Technology buy back its shares?
Yes. 17 Education & Technology spent CN¥3.4 million on net share repurchases in fiscal 2025.
What is 17 Education & Technology's current ratio?
17 Education & Technology's current ratio was 1.87 at the end of fiscal 2025: current assets were 1.87 times current liabilities.