$YQ
17 Education & Technology Group Inc.

2022 Q4 Form 20-F Financial Statement

#000095017023014550 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q1 2022
Revenue $39.56M $233.4M $531.1M
YoY Change -92.71% -50.78% -75.69%
Cost Of Revenue $18.94M $91.79M $206.2M
YoY Change -90.09% -51.08% -76.52%
Gross Profit $20.62M $141.7M $324.9M
YoY Change -94.13% -50.58% -75.13%
Gross Profit Margin 52.12% 60.68% 61.17%
Selling, General & Admin $89.17M $73.30M $300.2M
YoY Change -52.36% -90.14% -83.85%
% of Gross Profit 432.48% 51.74% 92.4%
Research & Development $51.79M $97.48M $235.8M
YoY Change -67.53% -53.57% -70.53%
% of Gross Profit 251.2% 68.81% 72.6%
Depreciation & Amortization $24.73M
YoY Change -61.81%
% of Gross Profit 7.61%
Operating Expenses $141.0M $170.8M $536.0M
YoY Change -59.34% -82.08% -79.84%
Operating Profit -$120.3M -$29.11M -$211.1M
YoY Change -2667.04% -95.63% -84.38%
Interest Expense $4.705M $2.268M $11.51M
YoY Change 60.69% -62.51% -57.21%
% of Operating Profit
Other Income/Expense, Net $12.50M $2.079M $21.77M
YoY Change 2912.05% 155.41% 365.66%
Pretax Income -$103.1M -$24.77M -$177.9M
YoY Change 303.59% -96.25% -87.66%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$103.1M -$24.77M -$177.9M
YoY Change 303.59% -96.25% -87.66%
Net Earnings / Revenue -260.74% -10.61% -33.49%
Basic Earnings Per Share -$0.35
Diluted Earnings Per Share -$0.21 -$48.69K -$0.35
COMMON SHARES
Basic Shares Outstanding 502.8M
Diluted Shares Outstanding 502.8M

Balance Sheet

Concept 2022 Q4 2022 Q1 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $727.4M $813.4M $727.4M
YoY Change -38.4% -63.69% -38.4%
Cash & Equivalents $707.9M $813.4M $707.9M
Short-Term Investments $19.53M $19.53M
Other Short-Term Assets $151.1M $143.9M $151.1M
YoY Change -6.61% -22.6% 8.94%
Inventory
Prepaid Expenses
Receivables $34.82M $34.82M
Other Receivables $0.00 $0.00
Total Short-Term Assets $913.4M $957.3M $913.4M
YoY Change -31.98% -60.55% -31.98%
LONG-TERM ASSETS
Property, Plant & Equipment $62.35M $165.6M $62.35M
YoY Change -72.14% -57.85% -72.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.802M $12.33M $4.802M
YoY Change -65.51% -66.18% -65.51%
Total Long-Term Assets $67.15M $177.9M $67.15M
YoY Change -71.75% -58.56% -71.75%
TOTAL ASSETS
Total Short-Term Assets $913.4M $957.3M $913.4M
Total Long-Term Assets $67.15M $177.9M $67.15M
Total Assets $980.5M $1.135B $980.5M
YoY Change -37.96% -60.25% -37.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $171.7M $263.4M $171.7M
YoY Change -60.89% -48.07% -59.44%
Deferred Revenue $42.39M $243.9M
YoY Change -82.62% -59.1%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $214.1M $295.5M $214.1M
YoY Change -68.65% -75.94% -68.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.534M $49.12M $7.534M
YoY Change -92.49% -67.88% -92.49%
Total Long-Term Liabilities $7.534M $49.12M $7.534M
YoY Change -92.49% -67.88% -92.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $214.1M $295.5M $214.1M
Total Long-Term Liabilities $7.534M $49.12M $7.534M
Total Liabilities $221.7M $344.6M $221.7M
YoY Change -71.7% -75.04% -71.7%
SHAREHOLDERS EQUITY
Retained Earnings -$1.487B
YoY Change -85.25%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.000K
YoY Change
Treasury Stock Shares
Shareholders Equity $758.9M $790.5M $758.9M
YoY Change
Total Liabilities & Shareholders Equity $980.5M $1.135B $980.5M
YoY Change -37.96% -60.25% -37.96%

Cashflow Statement

Concept 2022 Q4 2022 Q1 2022
OPERATING ACTIVITIES
Net Income -$103.1M -$24.77M -$177.9M
YoY Change 303.59% -96.25% -87.66%
Depreciation, Depletion And Amortization $24.73M
YoY Change -61.81%
Cash From Operating Activities -$67.26M
YoY Change -95.54%
INVESTING ACTIVITIES
Capital Expenditures $401.0K
YoY Change -100.31%
Acquisitions
YoY Change
Other Investing Activities -$6.200M
YoY Change -152.75%
Cash From Investing Activities -$1.296M
YoY Change -98.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.909M
YoY Change -615.65%
NET CHANGE
Cash From Operating Activities -67.26M
Cash From Investing Activities -1.296M
Cash From Financing Activities -4.909M
Net Change In Cash -67.10M
YoY Change -95.87%
FREE CASH FLOW
Cash From Operating Activities -$67.26M
Capital Expenditures $401.0K
Free Cash Flow -$67.66M
YoY Change -95.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2021 us-gaap Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2022#OperatingExpenses
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001821468
CY2020 us-gaap Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2022#OperatingExpenses
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 us-gaap Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2022#OperatingExpenses
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Type
DocumentType
20-F
CY2022 dei Document Registration Statement
DocumentRegistrationStatement
false
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Document Shell Company Report
DocumentShellCompanyReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-39742
CY2022 dei Entity Registrant Name
EntityRegistrantName
17 Education & Technology Group Inc.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
E9
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
16/F, Block B, Wangjing Greenland Center
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Chaoyang District, Beijing
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
100102
CY2022 dei Entity Address Country
EntityAddressCountry
CN
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022 dei Auditor Firm
AuditorFirmId
1113
CY2022 dei Auditor Name
AuditorName
Deloitte Touche Tohmatsu Certified Public Accountants LLP
CY2022 dei Auditor Location
AuditorLocation
Shanghai, the People's Republic of China
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1180898000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
707895000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102635000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
10231000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1483000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
19531000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
2832000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1609000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
34824000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5049000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
95000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
161826000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
140894000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
20428000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
1342724000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
913375000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
132427000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69811000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32295000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4682000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
153963000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30052000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4357000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13923000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4802000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
696000
CY2021Q4 us-gaap Assets
Assets
1580421000
CY2022Q4 us-gaap Assets
Assets
980524000
CY2022Q4 us-gaap Assets
Assets
142162000
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
392293000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
153023000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
22186000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
243878000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42385000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6145000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46885000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18719000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2714000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
683056000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
214127000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
31045000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
100329000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7534000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1092000
CY2021Q4 us-gaap Liabilities
Liabilities
783385000
CY2022Q4 us-gaap Liabilities
Liabilities
221661000
CY2022Q4 us-gaap Liabilities
Liabilities
32137000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
21000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3000
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10859107000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10954822000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1588300000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
18691000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
62689000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
9089000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10081093000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10258965000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1487410000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
797036000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
758863000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
110025000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1580421000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
980524000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
142162000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1294371000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2184520000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
531064000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76997000
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
495671000
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
878236000
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
206208000
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
29897000
CY2020 us-gaap Gross Profit
GrossProfit
798700000
CY2021 us-gaap Gross Profit
GrossProfit
1306284000
CY2022 us-gaap Gross Profit
GrossProfit
324856000
CY2022 us-gaap Gross Profit
GrossProfit
47100000
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1097932000
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1412873000
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
79129000
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11473000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
614770000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
800163000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
235846000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
34194000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
420114000
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
445440000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
221029000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32046000
CY2021 yq Impairment For Property And Equipment Right Of Use Assets And Rental Deposits
ImpairmentForPropertyAndEquipmentRightOfUseAssetsAndRentalDeposits
121294000
CY2020 us-gaap Operating Expenses
OperatingExpenses
2132816000
CY2021 us-gaap Operating Expenses
OperatingExpenses
2779770000
CY2022 us-gaap Operating Expenses
OperatingExpenses
536004000
CY2022 us-gaap Operating Expenses
OperatingExpenses
77713000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-1334116000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-1473486000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-211148000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-30613000
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
8422000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
24573000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
11352000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
1646000
CY2020 us-gaap Interest Expense
InterestExpense
2925000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-15557000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2326000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
159000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
23000
CY2020 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4268000
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4674000
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
21765000
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3156000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1339908000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1441913000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-177872000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-25788000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1339908000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1441913000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-177872000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-25788000
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
2837991000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4177899000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1441913000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-177872000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25788000
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-44.68
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-44.68
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.92
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.92
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93503437
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93503437
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
494055703
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
494055703
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
502801926
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
502801926
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
502801926
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
502801926
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1339908000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1441913000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-177872000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-25788000
CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-38602000
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-30923000
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
43998000
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
6379000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1378510000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1472836000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-133874000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19409000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-4459928000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1339908000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
356038000
CY2020 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
2837991000
CY2020 yq Repurchase And Cancellation Of Ordinary Share For Settlement Of Amount Due From Related Party And Others Value
RepurchaseAndCancellationOfOrdinaryShareForSettlementOfAmountDueFromRelatedPartyAndOthersValue
2831000
CY2020 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
528000
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
195000
CY2020 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
28153000
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2023593000
CY2020 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
8363098000
CY2020 yq Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
1014000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-38602000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2064150000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1441913000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
195214000
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10508000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-30923000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
797036000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-177872000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
129558000
CY2022 yq Repurchase Of Ordinary Shares Amount
RepurchaseOfOrdinarySharesAmount
33948000
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
91000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
43998000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
758863000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
110025000
CY2020 us-gaap Profit Loss
ProfitLoss
-1339908000
CY2021 us-gaap Profit Loss
ProfitLoss
-1441913000
CY2022 us-gaap Profit Loss
ProfitLoss
-177872000
CY2022 us-gaap Profit Loss
ProfitLoss
-25788000
CY2020 us-gaap Depreciation
Depreciation
39700000
CY2021 us-gaap Depreciation
Depreciation
64756000
CY2022 us-gaap Depreciation
Depreciation
24728000
CY2022 us-gaap Depreciation
Depreciation
3585000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
356038000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
195214000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
129558000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
18784000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
38000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
32000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-55000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-8000
CY2020 yq Noncash Lease Expenses
NoncashLeaseExpenses
62997000
CY2021 yq Noncash Lease Expenses
NoncashLeaseExpenses
100828000
CY2022 yq Noncash Lease Expenses
NoncashLeaseExpenses
34203000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1704000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
247000
CY2022 yq Noncash Lease Expenses
NoncashLeaseExpenses
4959000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3833000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-556000
CY2020 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
849528000
CY2020 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
85000000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2797421000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
952000
CY2021 yq Impairment For Property And Equipment Right Of Use Assets And Rental Deposits
ImpairmentForPropertyAndEquipmentRightOfUseAssetsAndRentalDeposits
121294000
CY2022 yq Adjustments To Reconcile Impairment For Other Assets
AdjustmentsToReconcileImpairmentForOtherAssets
3642000
CY2022 yq Adjustments To Reconcile Impairment For Other Assets
AdjustmentsToReconcileImpairmentForOtherAssets
528000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
36433000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5282000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
145137000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-31628000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-15658000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2270000
CY2020 yq Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
184517000
CY2021 yq Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
68269000
CY2022 yq Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-89708000
CY2022 yq Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-13006000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2760000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-11946000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2867000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-416000
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
213439000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-127431000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-233123000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-33800000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
354116000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-354411000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-201493000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-29214000
CY2020 yq Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
123082000
CY2021 yq Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-40302000
CY2022 yq Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-120961000
CY2022 yq Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-17538000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-522988000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1506692000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-463926000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67263000
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
19531000
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2832000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
89504000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
129356000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2763000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
401000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11753000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13363000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1937000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-89504000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117603000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8931000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33857000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4909000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-38499000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-30891000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1296000
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
2051695000
CY2020 yq Payments For Initial Public Offering Issuance Cost
PaymentsForInitialPublicOfferingIssuanceCost
18469000
CY2021 yq Payments For Initial Public Offering Issuance Cost
PaymentsForInitialPublicOfferingIssuanceCost
9556000
CY2020 yq Payments For Repurchase And Cancellation Of Vested Options
PaymentsForRepurchaseAndCancellationOfVestedOptions
528000
CY2022 yq Payments For Repurchase Of Ordinary Shares
PaymentsForRepurchaseOfOrdinaryShares
33948000
CY2022 yq Payments For Repurchase Of Ordinary Shares
PaymentsForRepurchaseOfOrdinaryShares
4922000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
195000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10508000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
91000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43942000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6372000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2146430000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1654234000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-462772000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-67096000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
688702000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2835132000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1180898000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171214000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2835132000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1180898000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
718126000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104118000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
3031000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
169725000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
99667000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2298000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
333000
CY2021 yq Reduction Of Right Of Use Assets And Operating Lease Liabilities Due To Lease Modifications
ReductionOfRightOfUseAssetsAndOperatingLeaseLiabilitiesDueToLeaseModifications
157379000
CY2022 yq Reduction Of Right Of Use Assets And Operating Lease Liabilities Due To Lease Modifications
ReductionOfRightOfUseAssetsAndOperatingLeaseLiabilitiesDueToLeaseModifications
58375000
CY2022 yq Reduction Of Right Of Use Assets And Operating Lease Liabilities Due To Lease Modifications
ReductionOfRightOfUseAssetsAndOperatingLeaseLiabilitiesDueToLeaseModifications
8464000
CY2020 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
13024000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
10229000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4083000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
592000
CY2020 yq Payable Related To Initial Public Offering Issuance Cost
PayableRelatedToInitialPublicOfferingIssuanceCost
9684000
CY2020 yq Settlement Of Amount Due From Related Party Through Repurchase Of Ordinary Shares
SettlementOfAmountDueFromRelatedPartyThroughRepurchaseOfOrdinaryShares
2559000
CY2020 yq Exercise Of Warrant
ExerciseOfWarrant
1014000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2834962000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1180898000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
707895000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102635000
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
170000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
10231000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1483000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2835132000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1180898000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
718126000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104118000
CY2021 yq Variable Interest Entity Consolidated Assets Percentage
VariableInterestEntityConsolidatedAssetsPercentage
0.31
CY2022 yq Variable Interest Entity Consolidated Assets Percentage
VariableInterestEntityConsolidatedAssetsPercentage
0.35
CY2021 yq Variable Interest Entity Consolidated Liabilities Percentage
VariableInterestEntityConsolidatedLiabilitiesPercentage
0.54
CY2022 yq Variable Interest Entity Consolidated Liabilities Percentage
VariableInterestEntityConsolidatedLiabilitiesPercentage
0.39
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8972
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
104651000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
243878000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42385000
CY2021Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
5559000
CY2022Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
389000
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
596307000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
243878000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
42385000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1294371000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2184520000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
531064000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
163768000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
76456000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
0
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
36433000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1609000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
34824000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1609000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1609000
CY2021Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
79434000
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
62121000
CY2021Q4 yq Prepaid Other Service Fees
PrepaidOtherServiceFees
37339000
CY2022Q4 yq Prepaid Other Service Fees
PrepaidOtherServiceFees
49645000
CY2022Q4 yq Receivables For Disposal Of Property And Equipment Gross
ReceivablesForDisposalOfPropertyAndEquipmentGross
12983000
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
9968000
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
6016000
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
6909000
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
721000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5076000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5288000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
95000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
161826000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
140894000
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
16643000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
255226000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
138294000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127986000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
88491000
CY2021Q4 yq Accumulated Impairment Loss Of Property Plant And Equipment
AccumulatedImpairmentLossOfPropertyPlantAndEquipment
57429000
CY2022Q4 yq Accumulated Impairment Loss Of Property Plant And Equipment
AccumulatedImpairmentLossOfPropertyPlantAndEquipment
17508000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69811000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32295000
CY2020 us-gaap Depreciation
Depreciation
39700000
CY2021 us-gaap Depreciation
Depreciation
64756000
CY2022 us-gaap Depreciation
Depreciation
24728000
CY2021 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
91016000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
72020000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
114168000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
39333000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
26684000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
36110000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
990000
CY2020 us-gaap Lease Cost
LeaseCost
98704000
CY2021 us-gaap Lease Cost
LeaseCost
150278000
CY2022 us-gaap Lease Cost
LeaseCost
40323000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
75134000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
59198000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17963000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22577000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8201000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7176000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2185000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16871000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2096000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
147214000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26253000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y14D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0858
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0935
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0923
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
70458000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
94641000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
36383000
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
13635000
CY2021Q4 yq Rental Deposits
RentalDeposits
5674000
CY2022Q4 yq Rental Deposits
RentalDeposits
2910000
CY2021Q4 yq Prepayment For Purchase Of Property And Equipment
PrepaymentForPurchaseOfPropertyAndEquipment
7886000
CY2022Q4 yq Prepayment For Purchase Of Property And Equipment
PrepaymentForPurchaseOfPropertyAndEquipment
1632000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
363000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
260000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13923000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4802000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
234209000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
106844000
CY2021Q4 yq Accrued Operating Expenses
AccruedOperatingExpenses
82625000
CY2022Q4 yq Accrued Operating Expenses
AccruedOperatingExpenses
39694000
CY2021Q4 yq Payable For Acquisitions Of Property And Equipment
PayableForAcquisitionsOfPropertyAndEquipment
10229000
CY2022Q4 yq Payable For Acquisitions Of Property And Equipment
PayableForAcquisitionsOfPropertyAndEquipment
4083000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
8973000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2013000
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
5559000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
389000
CY2021Q4 yq Payable For Paid And Promotional Courses
PayableForPaidAndPromotionalCourses
50698000
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
392293000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
153023000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
34759959
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.20
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
775000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
724597000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
1017664000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M9D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.30
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3210349000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10280000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.0014
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.12
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
6019585
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.0014
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
2.46
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4402853
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.0100
CY2022 yq Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Exercised Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsExercisedWeightedAverageGrantDateFairValue
2.52
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
34617521
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.20
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M25D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.00
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5366449000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
34617521
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.20
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y9M25D
CY2022 yq Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageGrantDateFairValue
1.00
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
5366449000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
20646357
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.33
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M9D
CY2022 yq Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
0.88
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2489373000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
1054013000
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2020 yq Share Based Compensation Arrangement By Share Based Payment Award Payment For Repurchase Of Vested Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardPaymentForRepurchaseOfVestedOptions
528000
CY2021 yq Share Based Compensation Arrangement By Share Based Payment Award Payment For Repurchase Of Vested Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardPaymentForRepurchaseOfVestedOptions
0
CY2022 yq Share Based Compensation Arrangement By Share Based Payment Award Payment For Repurchase Of Vested Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardPaymentForRepurchaseOfVestedOptions
0
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
133975000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
101303000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58880000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
280092000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
251842000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y5M15D
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y11M26D
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2020Q4 yq Deferred Tax Assets Advertising Expenses Carryforwards
DeferredTaxAssetsAdvertisingExpensesCarryforwards
24202000
CY2021Q4 yq Deferred Tax Assets Advertising Expenses Carryforwards
DeferredTaxAssetsAdvertisingExpensesCarryforwards
24485000
CY2022Q4 yq Deferred Tax Assets Advertising Expenses Carryforwards
DeferredTaxAssetsAdvertisingExpensesCarryforwards
24859000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
12142000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
13757000
CY2022Q4 yq Deferred Tax Assets Impairment Of Prepaid Expenses And Other Current Assets
DeferredTaxAssetsImpairmentOfPrepaidExpensesAndOtherCurrentAssets
647000
CY2022Q4 yq Deferred Tax Assets Expected Credit Loss
DeferredTaxAssetsExpectedCreditLoss
277000
CY2021Q4 yq Deferred Tax Assets Impairment For Property And Equipment Right Of Use Assets And Rental Deposits
DeferredTaxAssetsImpairmentForPropertyAndEquipmentRightOfUseAssetsAndRentalDeposits
11140000
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
388000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1067821000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1079796000
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
761329000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1067821000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1079796000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
761329000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1067821000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1079796000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1339908000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1441913000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-177872000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-334977000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-360478000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-44468000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
11540000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
5083000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
6980000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-24037000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-19199000
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-6698000
CY2020 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
18513000
CY2021 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
50248000
CY2022 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
28615000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
80928000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
17854000
CY2022 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
3596000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
248033000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
306492000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
11975000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
513296000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
761329000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1067821000
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
248033000
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
306492000
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
11975000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
761329000
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4177899000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1441913000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-177872000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93503437
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93503437
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
494055703
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
494055703
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
502801926
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
502801926
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-44.68
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-44.68
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.92
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.92
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100957000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
219884000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
64908000
CY2022 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
4117308
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
4180697

Files In Submission

Name View Source Status
0000950170-23-014550-index-headers.html Edgar Link pending
0000950170-23-014550-index.html Edgar Link pending
0000950170-23-014550.txt Edgar Link pending
0000950170-23-014550-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img156269266_0.jpg Edgar Link pending
img31112530_0.jpg Edgar Link pending
img31112530_1.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
yq-20221231.htm Edgar Link pending
yq-20221231.xsd Edgar Link pending
yq-ex12_1.htm Edgar Link pending
yq-ex12_2.htm Edgar Link pending
yq-ex13_1.htm Edgar Link pending
yq-ex13_2.htm Edgar Link pending
yq-ex15_1.htm Edgar Link pending
yq-ex15_2.htm Edgar Link pending
yq-ex15_3.htm Edgar Link pending
yq-ex4_26.htm Edgar Link pending
yq-ex4_27.htm Edgar Link pending
yq-ex4_28.htm Edgar Link pending
yq-ex4_29.htm Edgar Link pending
yq-ex4_30.htm Edgar Link pending
yq-ex8_1.htm Edgar Link pending
yq-20221231_cal.xml Edgar Link unprocessable
yq-20221231_def.xml Edgar Link unprocessable
yq-20221231_pre.xml Edgar Link unprocessable
yq-20221231_lab.xml Edgar Link unprocessable
yq-20221231_htm.xml Edgar Link completed