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NYSE · SERVICES-EDUCATIONAL SERVICES · SMALL CAP

Sunlands Technology Group STG

10 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 2.0B
▲ 1.5% YoY
CNY 365.6M
▲ 6.9% YoY
CNY 146.6M
▼ 24.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Group offers online professional courses and educational content, including interest courses, aimed at preparing students for professional certification exams, enhancing their professional skills, and catering to their personal interests. The Group also offers degree- or diploma-oriented post-secondary courses through its online platforms. As of December 31, 2025, the Group's faculty primarily consisted of 57 teachers and 18 mentors based in Beijing and Wuhan, China. The Group served approximately 4,940,000 students across China since it transitioned to an online education model in 2014. Founded in 2003 as a traditional education company, the Group transitioned to an online education model in 2014.

Written from the business description in Sunlands Technology Group's annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 2.0B
Revenue, FY2025 · full 10-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 2.0 · Net income 0.4
1.0B2.0B-0.4B-0.8B
2016201920222025
Compound annual growth
−4.6%
−1.7%
−17.2%
−16.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 18.6% · Net 18.1%
10%20%-50%
201620202025
ROE
FY2025 · ROE 47.3%
20%40%60%
201620202025
Three returns, three denominators.

Each CNY of equity produced 47 cents of profit this year.

Cash & shareholders

CNY 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF 146.6
150M300M-200M-400M
201620202025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends 0.0 · Net buybacks ·
15M30M
2022202320242025

Total assetsCNY 2.0B
EquityCNY 945.6M
CashCNY 575.7M
Gross debtCNY 0.00
Net debtCNY -575.7M
Current ratio1.21×

The company holds more cash than debt.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
STG, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue CNY B2.02.02.22.32.52.22.22.01.00.4
Operating income CNY B0.40.30.60.60.1−0.6−0.5−1.0−0.9−0.3
EBITDA CNY B0.40.30.60.70.2−0.6−0.4−1.0−0.9−0.3
Income tax CNY B0.10.00.00.0−0.0−0.00.00.00.00.0
Net income CNY B0.40.30.60.60.2−0.4−0.4−0.9−0.9−0.3
Free cash flow CNY B0.10.20.10.0−0.4−0.2−0.6−0.30.40.1
EPS, diluted CNY 54.2850.1292.8894.1432.56−63.74−57.81−147.27−232.80−66.40
Dividend / sh CNY ◌◌◌◌◌◌◌◌◌◌
Payout %0055——————
ROE %47.377.9————————
Shares out B◌◌◌◌◌◌◌◌0.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Educational Services
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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