YQNasdaqServices-Educational ServicesUS GAAP · USD

17 Education & Technology Group Inc.

17 Education & Technology Group Inc. develops AI-enabled and SaaS-based learning applications for schools, teachers, students, and parents in China. Its offerings center on in-school classroom solutions, homework, assessment, and personalized learning tools built from years of education data and classroom usage.

Kysy yhtiöstä
Liikevaihto106milj. USD
−44,0 %v/v
Liikevoitto (EBIT)−164milj. USD
+23,5 %v/v
EBIT-marginaali−154,3%
−41,3 %-yks.v/v
Nettotulos−154milj. USD
+20,0 %v/v
Vapaa kassavirta30,5milj. USD
+120,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2 000−1 00001 0002 0003 000milj. USD2020: 1 294 milj. USD2020: EBIT −1 334 milj. USD20202021: 2 185 milj. USD2021: EBIT −1 473 milj. USD20212022: 531 milj. USD2022: EBIT −211 milj. USD20222023: 171 milj. USD2023: EBIT −343 milj. USD20232024: 189 milj. USD2024: EBIT −214 milj. USD20242025: 106 milj. USD2025: EBIT −164 milj. USD2025106−164
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
In-school classroom solutions35 %

Software and application tools used by schools and teachers for classroom instruction and assessment.

Teaching and learning SaaS25 %

Subscription-based digital tools that support homework, practice, and school workflow digitization.

Personalized learning applications25 %

AI-driven products that recommend targeted exercises and learning content for students.

Consumer learning services15 %

Direct-to-user learning applications that serve students and families outside the school setting.

Tuotteet

Raportoitu · osuus liikevaihdosta
80,1%19,9%FY2025100 %
  • Services80,1 %
  • Products19,9 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily into Chinese education users, with schools and teachers as core institutional customers and students and parents as end users. Its products are designed to improve teaching efficiency, homework completion, and individualized practice, which makes them relevant both for classroom adoption and family-supported learning.

Schools and school administrators

Buy in-school classroom solutions and SaaS tools to digitize teaching and assessment workflows.

Teachers

Use lesson, homework, and assessment tools to improve classroom efficiency and targeting.

Students

Consume personalized practice content and AI-guided learning exercises.

Parents

Support student learning through at-home digital content and progress visibility.

Education ecosystem partners

Adopt application services linked to digital transformation and education technology use cases.

Strategia

The company’s strategy is to deepen its AI-powered personalized learning offerings by leveraging long-standing classroom data and user engagement. It also appears focused on expanding application services across schools and consumer learning use cases, while using its data assets to improve product relevance and retention.

AI-driven personalizationLyhyt aikaväli

Personalized content is central to product differentiation and user engagement.

School workflow digitizationKeskipitkä aikaväli

Embedding tools in classroom routines can increase adoption and recurring usage.

Data asset monetizationKeskipitkä aikaväli

Large-scale educational usage data can improve product performance and market fit.

Maantiede

The business is primarily conducted in China, where both product development and customer usage are centered. The company is headquartered in Beijing and reports that its revenues are denominated in RMB, reflecting a China-centric operating footprint.

Riskit

The company is exposed to China-specific regulatory, policy, and operating risks because its business is concentrated in the domestic education market. It also faces technology and adoption risk typical of education software businesses, where product relevance, user engagement, and monetization depend on constant improvement in learning outcomes and school usage.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Domestic market concentration1China regulatory and policy exposure2Product adoption and engagement risk3Competitive pressure in edtech4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Domestic market concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    Business activity is primarily conducted in China and revenues are RMB-denominated.

    Kohdistuu: China

  2. China regulatory and policy exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company serves schools and students in a heavily regulated education market.

    Kohdistuu: China education sector

  3. Product adoption and engagement riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Learning software depends on sustained teacher, student, and parent usage.

    Kohdistuu: Education technology

  4. Competitive pressure in edtechVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Personalized learning tools compete on content quality, AI performance, and user retention.

    Kohdistuu: Consumer and school learning apps

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

SaaS, in-school tools, and app services may recognize revenue over time or as delivered.

Vaikutus: Affects quarterly revenue timing and comparability.

Non-GAAP adjustments

Adjusted results exclude share-based compensation and tax effects.

Vaikutus: Changes how operating performance appears to investors.

Foreign currency translation

Financial statements are reported in USD but operations and revenues are primarily RMB-based.

Vaikutus: Affects reported U.S. dollar presentation, not underlying operating economics.

Seasonality and usage volatility

Education products can vary with school calendars and user engagement patterns.

Vaikutus: Can cause uneven quarterly revenue and expense trends.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026