STG revenueFY2025CN¥2.02B
- FY YoY
- +1.5%
- 5Y CAGR
- -1.7%
STG revenue was CN¥2.02B for fiscal 2025 (ended Dec 31, 2025), up 1.5% from fiscal 2024. Compound annual growth was -1.7% over 5 years. It rose in 6 of the last 9 fiscal years.
Sunlands Technology Group (STG) financials
For fiscal 2025 (ended Dec 31, 2025), Sunlands Technology Group reported CN¥2.02B of revenue and CN¥365.63M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥2.02B
- Revenue growth, YoY
- +1.5%
- Net income, FY2025
- CN¥365.63M
- Net income growth, YoY
- +6.9%
- Net margin
- 18.1%
- Free cash flow, FY2025
- CN¥146.60M
- EPS, diluted, FY2025
- CN¥54.28
- EPS growth, YoY
- +8.3%
- Cash
- CN¥575.74M
- Total debt
- CN¥0
FY2016FY2025
FY2016FY2025
FY2016FY2025
STG revenue and earnings growth
STG net incomeFY2025CN¥365.63M
- FY YoY
- +6.9%
STG net income was CN¥365.63M for fiscal 2025 (ended Dec 31, 2025), up 6.9% from fiscal 2024. It rose in 2 of the last 4 fiscal years.
STG EPSFY2025CN¥54.28
- FY YoY
- +8.3%
STG diluted EPS was CN¥54.28 for fiscal 2025 (ended Dec 31, 2025), up 8.3% from fiscal 2024.
STG free cash flowFY2025CN¥146.60M
- FY YoY
- -24.9%
STG free cash flow was CN¥146.60M for fiscal 2025 (ended Dec 31, 2025), down 24.9% from fiscal 2024. It rose in 2 of the last 3 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.02B | CN¥1.99B | CN¥2.16B | CN¥2.33B | CN¥2.51B | CN¥2.20B | CN¥2.20B | CN¥1.98B | CN¥974.68M | CN¥424.09M |
| Cost of revenue | CN¥264.42M | CN¥317.57M | CN¥265.53M | CN¥348.15M | CN¥376.19M | CN¥387.27M | CN¥396.32M | CN¥330.38M | CN¥170.26M | CN¥70.99M |
| Gross profit | CN¥1.76B | CN¥1.67B | CN¥1.89B | CN¥1.97B | CN¥2.13B | CN¥1.82B | CN¥1.80B | CN¥1.64B | CN¥799.90M | CN¥347.92M |
| Research and development | CN¥29.55M | CN¥25.01M | CN¥33.72M | CN¥42.83M | CN¥61.33M | CN¥66.53M | CN¥101.72M | CN¥76.02M | CN¥32.86M | CN¥13.93M |
| Selling, general and admin | CN¥143.80M | CN¥132.81M | CN¥143.29M | CN¥185.67M | CN¥207.60M | CN¥275.39M | CN¥363.31M | CN¥443.69M | CN¥342.91M | CN¥89.39M |
| Operating income | CN¥376.55M | CN¥297.90M | CN¥574.89M | CN¥616.94M | CN¥114.27M | -CN¥649.02M | -CN¥459.72M | -CN¥1.03B | -CN¥927.68M | -CN¥259.04M |
| Interest expense | CN¥852.0K | CN¥5.29M | CN¥7.66M | CN¥10.06M | CN¥10.93M | CN¥11.69M | CN¥14.31M | CN¥2.17M | - | - |
| Pre-tax income | CN¥429.46M | CN¥356.89M | CN¥676.08M | CN¥648.55M | CN¥197.63M | -CN¥432.57M | -CN¥392.59M | -CN¥928.66M | -CN¥913.82M | -CN¥253.57M |
| Income tax | CN¥59.30M | CN¥1.30M | CN¥25.17M | CN¥11.99M | -CN¥19.62M | -CN¥236.0K | CN¥2.44M | CN¥0 | CN¥0 | CN¥0 |
| Net income | CN¥365.63M | CN¥342.08M | CN¥640.83M | CN¥643.96M | CN¥219.06M | -CN¥430.54M | -CN¥394.82M | -CN¥927.02M | -CN¥918.58M | -CN¥253.57M |
| EPS, basic | CN¥54.28 | CN¥50.12 | CN¥92.88 | CN¥94.14 | CN¥32.56 | -CN¥63.74 | -CN¥57.81 | -CN¥147.27 | -CN¥232.80 | -CN¥66.40 |
| EPS, diluted | CN¥54.28 | CN¥50.12 | CN¥92.88 | CN¥94.14 | CN¥32.56 | -CN¥63.74 | -CN¥57.81 | -CN¥147.27 | -CN¥232.80 | -CN¥66.40 |
| Diluted shares | 6.7M | 6.8M | 6.9M | 6.8M | 6.7M | 6.8M | 6.8M | 6.3M | 3.9M | 3.8M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥575.74M | CN¥507.23M | CN¥763.80M | CN¥753.64M | CN¥626.72M | CN¥760.71M | CN¥1.40B | CN¥1.25B | CN¥559.46M | - |
| Short-term investments | CN¥235.94M | CN¥276.03M | CN¥142.08M | CN¥70.54M | CN¥184.16M | CN¥517.82M | CN¥217.64M | CN¥1.03B | CN¥353.07M | - |
| Inventory | CN¥17.94M | CN¥19.68M | CN¥14.24M | CN¥14.15M | CN¥8.88M | - | - | - | - | - |
| Current assets | CN¥917.39M | CN¥884.31M | CN¥1.03B | CN¥969.10M | CN¥1.13B | CN¥1.55B | CN¥2.04B | CN¥2.58B | CN¥1.27B | - |
| Total assets | CN¥2.05B | CN¥2.12B | CN¥2.12B | CN¥2.28B | CN¥2.59B | CN¥3.26B | CN¥3.97B | CN¥3.74B | CN¥1.97B | - |
| Current liabilities | CN¥759.45M | CN¥801.38M | CN¥1.01B | CN¥1.48B | CN¥1.91B | CN¥2.20B | CN¥2.24B | CN¥2.31B | CN¥1.80B | - |
| Short-term debt | CN¥0 | CN¥6.15M | CN¥38.65M | CN¥38.65M | CN¥38.65M | CN¥32.50M | CN¥32.50M | CN¥32.50M | - | - |
| Long-term debt | CN¥0 | CN¥35.39M | CN¥104.67M | CN¥143.32M | CN¥181.97M | CN¥160.63M | CN¥193.13M | CN¥225.63M | - | - |
| Total debt | CN¥0 | CN¥41.54M | CN¥143.32M | CN¥181.97M | CN¥220.63M | CN¥193.13M | CN¥225.63M | CN¥258.13M | - | - |
| Total liabilities | CN¥1.10B | CN¥1.52B | CN¥1.84B | CN¥2.66B | CN¥3.61B | CN¥4.47B | CN¥4.71B | CN¥4.08B | CN¥2.59B | - |
| Shareholders' equity | CN¥945.55M | CN¥601.35M | CN¥275.55M | -CN¥379.85M | -CN¥1.01B | -CN¥1.21B | -CN¥738.36M | -CN¥338.98M | -CN¥1.64B | -CN¥888.96M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | CN¥146.81M | CN¥195.52M | CN¥140.80M | CN¥9.14M | -CN¥373.25M | -CN¥188.64M | -CN¥533.55M | CN¥180.54M | CN¥819.54M | CN¥89.27M |
| Capital expenditures | CN¥213.0K | CN¥259.0K | CN¥5.76M | CN¥3.24M | CN¥13.68M | CN¥12.43M | CN¥24.76M | CN¥517.76M | CN¥398.19M | CN¥15.87M |
| Free cash flow | CN¥146.60M | CN¥195.26M | CN¥135.03M | CN¥5.90M | -CN¥386.93M | -CN¥201.07M | -CN¥558.30M | -CN¥337.22M | CN¥421.35M | CN¥73.40M |
| Investing cash flow | -CN¥12.73M | -CN¥358.86M | -CN¥71.82M | CN¥96.18M | CN¥342.68M | -CN¥349.31M | CN¥729.55M | -CN¥1.19B | -CN¥615.89M | -CN¥117.69M |
| Financing cash flow | -CN¥47.71M | -CN¥112.73M | -CN¥74.66M | -CN¥67.91M | -CN¥38.90M | -CN¥59.08M | -CN¥64.15M | CN¥1.59B | CN¥341.47M | CN¥47.08M |
| Dividends paid | CN¥0 | CN¥0 | CN¥31.25M | CN¥32.56M | - | - | - | - | - | - |
| Stock-based compensation | - | - | - | CN¥7.18M | CN¥768.0K | CN¥29.75M | CN¥2.97M | CN¥3.85M | CN¥288.76M | - |
| Depreciation and amortization | CN¥28.79M | CN¥29.47M | CN¥30.65M | CN¥46.68M | CN¥37.92M | CN¥40.27M | CN¥37.22M | CN¥25.78M | CN¥8.11M | CN¥5.47M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 1.5% | -7.8% | -7.1% | -7.2% | 13.9% | 0.2% | 11.0% | 103.4% | 129.8% | - |
| Net income growth, YoY | 6.9% | -46.6% | -0.5% | 194.0% | - | - | - | - | - | - |
| EPS growth, YoY | 8.3% | -46.0% | -1.3% | 189.1% | - | - | - | - | - | - |
| Gross margin | 86.7% | 83.9% | 87.5% | 84.8% | 84.9% | 82.4% | 81.7% | 82.9% | 82.1% | 82.0% |
| Operating margin | 18.6% | 14.9% | 26.6% | 26.5% | 4.6% | -29.4% | -20.9% | -51.9% | -95.2% | -61.1% |
| Net margin | 18.1% | 17.2% | 29.6% | 27.7% | 8.7% | -19.5% | -17.9% | -46.8% | -94.2% | -59.8% |
| Free cash flow margin | 7.2% | 9.8% | 6.2% | 0.3% | -15.4% | -9.1% | -25.4% | -17.0% | 43.2% | 17.3% |
| Return on equity | 38.7% | 56.9% | 232.6% | - | - | - | - | - | - | - |
| Return on assets | 17.9% | 16.1% | 30.2% | 28.3% | 8.4% | -13.2% | -9.9% | -24.8% | -46.6% | - |
| Current ratio | 1.21 | 1.10 | 1.02 | 0.66 | 0.59 | 0.71 | 0.91 | 1.12 | 0.70 | - |
| Debt to equity | 0.00 | 0.07 | 0.52 | - | - | - | - | - | - | - |
Source: XBRL data Sunlands Technology Group files with the SEC, latest filing dated Apr 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
STG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| STG | CN¥2.02B | +1.5% | CN¥365.63M | 18.1% | $28.9M |
| SE | $22.94B | +36.4% | $1.58B | 6.9% | $46.38B |
| IT | $6.44B | -0.2% | $954.41M | 14.8% | $11.99B |
| RTO | $6.91B | +4.4% | $470.00M | 6.8% | $11.91B |
| SCI | $3.31B | +3.4% | $561.30M | 17.0% | $10.02B |
| EDU | $5.66B | +15.5% | $475.17M | 8.4% | $8.53B |
| HRB | $3.95B | +4.9% | $733.60M | 18.6% | $6.46B |
| TAL | $3.01B | +33.7% | $530.75M | 17.6% | $5.63B |
| GHC | $5.12B | +4.3% | $496.96M | 9.7% | $5.05B |
STG FAQ
9 questionsWhat is STG revenue?
Sunlands Technology Group (STG) reported CN¥2.02B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 1.5% from the year before.Is STG profitable?
Yes. Sunlands Technology Group earned CN¥365.63M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 18.1%.How much cash and debt does STG have?
Sunlands Technology Group reported CN¥575.74M in cash and cash equivalents and CN¥0 of debt on its most recent balance sheet in SEC filings.How fast is STG revenue growing?
Sunlands Technology Group's revenue changed +1.5% in fiscal 2025, to CN¥2.02B. Its compound annual growth rate was -1.7% over 5 years.What is STG gross margin?
Sunlands Technology Group's gross profit was CN¥1.76B on CN¥2.02B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 86.7%.What is STG free cash flow?
Sunlands Technology Group generated CN¥146.60M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥146.81M less capital expenditures.What is STG earnings per share?
Diluted earnings per share were CN¥54.28 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did STG last report financial results?
The latest statements here come from Sunlands Technology Group's 20-F filed on Apr 24, 2026, covering the period ended Dec 31, 2025.Where does this STG financial data come from?
Quantisnow builds these statements from the structured XBRL data Sunlands Technology Group files with the SEC. It is provided for information only and is not investment advice.