Financial Snapshot

Revenue
$170.9M
TTM
Gross Margin
42.67%
TTM
Net Earnings
-$311.7M
TTM
Current Assets
$630.7M
Q4 2023
Current Liabilities
$180.6M
Q4 2023
Current Ratio
349.25%
Q4 2023
Total Assets
$684.5M
Q4 2023
Total Liabilities
$190.3M
Q4 2023
Book Value
$494.3M
Q4 2023
Cash
$306.9M
Q4 2023
P/E
-0.04424
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $171.0M $531.1M $2.185B $1.294B $406.2M $310.7M
YoY Change -67.81% -75.69% 68.77% 218.66% 30.74%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $171.0M $531.1M $2.185B $1.294B $406.2M $310.7M
Cost Of Revenue $90.26M $206.2M $878.2M $495.7M $173.5M $105.0M
Gross Profit $80.70M $324.9M $1.306B $798.7M $232.8M $205.7M
Gross Profit Margin 47.21% 61.17% 59.8% 61.7% 57.31% 66.21%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $255.5M $300.2M $1.858B $1.518B $741.6M $506.6M
YoY Change -14.87% -83.85% 22.42% 104.69% 46.39%
% of Gross Profit 316.62% 92.4% 142.26% 190.06% 318.56% 246.28%
Research & Development $167.9M $235.8M $800.2M $614.8M $491.3M $398.6M
YoY Change -28.8% -70.53% 30.15% 25.14% 23.26%
% of Gross Profit 208.09% 72.6% 61.25% 76.98% 211.04% 193.78%
Depreciation & Amortization $16.17M $24.73M $64.76M $39.70M $22.70M $15.80M
YoY Change -34.6% -61.81% 63.11% 74.89% 43.67%
% of Gross Profit 20.04% 7.61% 4.96% 4.97% 9.75% 7.68%
Operating Expenses $423.5M $536.0M $2.658B $2.133B $1.233B $905.2M
YoY Change -21.0% -79.84% 24.65% 72.99% 36.2%
Operating Profit -$342.8M -$211.1M -$1.352B -$1.334B -$1.000B -$699.5M
YoY Change 62.33% -84.38% 1.36% 33.4% 42.97%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $27.01M $11.51M $26.90M -$10.10M $36.30M $42.60M
YoY Change 134.65% -57.21% -366.33% -127.82% -14.79%
% of Operating Profit
Other Income/Expense, Net $3.958M $21.77M $4.674M $4.300M $100.0K $900.0K
YoY Change -81.81% 365.66% 8.7% 4200.0% -88.89%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$311.8M -$177.9M -$1.442B -$1.340B -$963.8M -$656.1M
YoY Change 75.28% -87.66% 7.61% 39.02% 46.9%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$311.8M -$177.9M -$1.442B -$1.340B -$963.8M -$656.1M
YoY Change 75.28% -87.66% 7.61% 39.02% 46.9%
Net Earnings / Revenue -182.37% -33.49% -66.01% -103.52% -237.27% -211.17%
Basic Earnings Per Share -$0.68 -$0.35 -$2.92 -$44.68
Diluted Earnings Per Share -$0.68 -$0.35 -$2.919M -$2.853M -$2.052M -$1.397M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $306.9M $727.4M $1.181B $2.835B $653.9M $1.273B
YoY Change -57.81% -38.4% -58.35% 333.55% -48.63%
Cash & Equivalents $306.9M $707.9M $1.181B $2.835B $653.9M $1.253B
Short-Term Investments $0.00 $19.53M $0.00 $20.00M
Other Short-Term Assets $264.6M $151.1M $138.7M $204.3M $89.50M $56.10M
YoY Change 75.08% 8.94% -32.1% 128.27% 59.54%
Inventory
Prepaid Expenses
Receivables $59.21M $34.82M
Other Receivables $0.00 $0.00
Total Short-Term Assets $630.7M $913.4M $1.343B $3.047B $757.6M $1.337B
YoY Change -30.95% -31.98% -55.93% 302.14% -43.32%
Property, Plant & Equipment $52.02M $62.35M $223.8M $305.4M $143.8M $91.60M
YoY Change -16.56% -72.14% -26.73% 112.38% 56.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.780M $4.802M $13.92M $37.80M $16.90M $13.10M
YoY Change -62.93% -65.51% -63.17% 123.67% 29.01%
Total Long-Term Assets $53.80M $67.15M $237.7M $343.1M $160.7M $104.6M
YoY Change -19.88% -71.75% -30.72% 113.5% 53.63%
Total Assets $684.5M $980.5M $1.580B $3.390B $918.3M $1.441B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $135.6M $171.7M $423.4M $563.6M $326.6M $244.7M
YoY Change -21.02% -59.44% -24.88% 72.57% 33.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $98.70M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $180.6M $214.1M $683.1M $1.206B $680.7M $322.7M
YoY Change -15.66% -68.65% -43.34% 77.1% 110.94%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.660M $7.534M $100.3M $120.1M $21.90M $19.70M
YoY Change 28.22% -92.49% -16.46% 448.4% 11.17%
Total Long-Term Liabilities $9.660M $7.534M $100.3M $120.1M $21.90M $19.70M
YoY Change 28.22% -92.49% -16.46% 448.4% 11.17%
Total Liabilities $190.3M $221.7M $783.4M $1.326B $702.6M $342.4M
YoY Change -14.17% -71.7% -40.9% 88.67% 105.2%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 458.6M 502.8M 494.1M 93.50M
Diluted Shares Outstanding 458.6M 502.8M 494.1M 93.50M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $13.79 Million

About 17 Education & Technology Group Inc.

17 Education & Technology Group, Inc. engages in the provision of educational technology solutions. The company is headquartered in Beijing, Beijing and currently employs 1,459 full-time employees. The company went IPO on 2020-12-04. Its smart in-school classroom solution delivers data-driven teaching, learning and assessment products to teachers, students and parents across many kindergarten through twelfth grade (K-12) schools. The core functions of its in-school products are free of charge for teachers, students and parents to use. The company also offers online K-12 large-class after-school tutoring services that complement students’ in-school learning. The firm mainly conducts its businesses in the China market.

Industry: Services-Educational Services Peers: ATA Creativity Global Gaotu Techedu Inc. NaaS Technology Inc. TCTM Kids IT Education Inc. Youdao, Inc. Zhongchao Inc.