Company research
Sunlands Technology Group
CIK 1723935Updated Sep 27, 2026
SecuritySTG · NYSE · adr
Name history
Sunlands Online Education Group · through Nov 23, 2018
STG price & chart
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 292,750,000Source | 290,598,000Source | 298,384,000Source | 329,998,000Source |
| Property, Plant and Equipment, NetUSD | 94,690,000Source | 103,875,000Source | 110,800,000Source | 117,987,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 82,330,000Source | 69,490,000Source | 107,579,000Source | 109,268,000Source |
| Inventory, NetCNY | 17,938,000Source | 19,678,000Source | 14,240,000Source | 14,153,000Source |
| Assets, CurrentUSD | 131,186,000Source | 121,150,000Source | 145,319,000Source | 140,507,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 11,807,000Source | 13,277,000Source | 15,355,000Source | 14,248,000Source |
| Operating Lease, Right-of-Use AssetUSD | 14,173,000Source | 15,091,000Source | 19,130,000Source | 39,819,000Source |
| Other Assets, NoncurrentUSD | 2,824,000Source | 3,606,000Source | 4,670,000Source | 5,492,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 157,751,000Source | 208,419,000Source | 259,574,000Source | 385,072,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -212,497,000Source | -252,118,000Source | -305,819,000Source | -407,718,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 17,384,000Source | 18,654,000Source | 20,180,000Source | 18,541,000Source |
| Stockholders' Equity Attributable to ParentUSD | 135,212,000Source | 82,383,000Source | 39,019,000Source | -54,296,000Source |
| Additional Paid in Capital, Common StockUSD | 327,116,000Source | 314,329,000Source | 324,658,000Source | 334,881,000Source |
| Liabilities and EquityUSD | 292,750,000Source | 290,598,000Source | 298,384,000Source | 329,998,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 108,603,000Source | 109,791,000Source | 142,279,000Source | 214,310,000Source |
| Operating Lease, Liability, CurrentUSD | 1,302,000Source | 1,139,000Source | 1,129,000Source | 2,474,000Source |
| Operating Lease, Liability, NoncurrentUSD | 18,527,000Source | 18,774,000Source | 22,151,000Source | 45,938,000Source |
| Deferred Income Tax Liabilities, NetUSD | 827,000Source | 784,000Source | 527,000Source | 868,000Source |
| Other Liabilities, NoncurrentUSD | 1,057,000Source | 1,001,000Source | 985,000Source | 982,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -213,000Source | -204,000Source | -209,000Source | -778,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 52,342,000Source | 55,469,000Source | 57,703,000Source | 63,263,000Source |
| Dividends Payable, CurrentCNY | — | — | — | 31,254,000Source |
| Long-term Debt, Current MaturitiesCNY | 0Source | 843,000Source | 5,444,000Source | 5,604,000Source |
| Long-term Debt, Excluding Current MaturitiesCNY | 0Source | 4,848,000Source | 14,742,000Source | 20,779,000Source |
| Short-term InvestmentsUSD | 33,739,000Source | 37,816,000Source | 20,012,000Source | 10,228,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 52,284,000Source | 46,866,000Source | 90,258,000Source | 93,230,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 4,117,000Source | 4,037,000Source | 4,317,000Source | 6,769,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | 1,041,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 20,994,000Source | 26,788,000Source | 19,830,000Source | 1,329,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,821,000Source | -49,164,000Source | -10,116,000Source | 13,947,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 30,000Source | 35,000Source | 812,000Source | 470,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -6,822,000Source | -15,444,000Source | -10,515,000Source | -9,845,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 9,943,000Source | -35,503,000Source | 1,264,000Source | 11,697,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 82,476,000Source | 69,490,000Source | 107,942,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 147,000Source | 755,000Source | 1,096,000Source | 1,478,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCNY | 0Source | — | — | 7,181,000Source |
| Amortization of Intangible AssetsCNY | 473,000Source | 682,000Source | 1,523,000Source | 1,313,000Source |
| DepreciationCNY | 28,319,000Source | 28,785,000Source | 29,125,000Source | 45,371,000Source |
| Dividends Payable, CurrentCNY | — | — | — | 31,254,000Source |
| Equity Securities, FV-NI, Gain (Loss)CNY | 2,027,000Source | 1,608,000Source | 1,948,000Source | -391,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | 2,000Source | 15,000Source | -241,000Source |
| Gain (Loss) on Termination of LeaseUSD | 50,000Source | 179,000Source | 3,828,000Source | — |
| General and Administrative ExpenseUSD | 20,563,000Source | 18,195,000Source | 20,181,000Source | 26,919,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -648,000Source | -1,851,000Source | -1,420,000Source | 936,000Source |
| Income Tax Expense (Benefit)USD | 8,479,000Source | 178,000Source | 3,545,000Source | 1,739,000Source |
| Investment Income, InterestUSD | 3,381,000Source | 5,319,000Source | 4,379,000Source | 2,356,000Source |
| Net Income (Loss) Attributable to ParentUSD | 52,284,000Source | 46,866,000Source | 90,258,000Source | 93,368,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestCNY | 0Source | 0Source | 0Source | -138,000Source |
| Operating ExpensesUSD | 197,182,000Source | 188,337,000Source | 185,800,000Source | 196,892,000Source |
| Other Nonoperating Income (Expense)USD | 4,307,000Source | 3,603,000Source | 4,802,000Source | 3,556,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 1,457,000Source |
| Revenue from Contract with Customer, Including Assessed TaxCNY | 2,024,766,000Source | 1,994,345,000Source | 2,163,638,000Source | 2,328,818,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 288,839,000Source | 272,657,000Source | 304,171,000Source | 336,818,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 53,845,000Source | 40,813,000Source | 80,972,000Source | 89,449,000Source |
| Other Nonoperating Income (Expense)USD | 4,307,000Source | 3,603,000Source | 4,802,000Source | 3,556,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCNY | — | 356,894,000Source | 676,081,000Source | 648,548,000Source |
| Income Tax Expense (Benefit)USD | 8,479,000Source | 178,000Source | 3,545,000Source | 1,739,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestCNY | 0Source | 0Source | 0Source | -138,000Source |
| Net Income (Loss) Attributable to ParentUSD | 52,284,000Source | 46,866,000Source | 90,258,000Source | 93,368,000Source |
| Earnings Per Share, BasicUSD per share | 7.76Source | 6.87Source | 13.08Source | 13.65Source |
| Earnings Per Share, DilutedUSD per share | 7.76Source | 6.87Source | 13.08Source | 13.65Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 6,736,373Source | 6,824,824Source | 6,899,456Source | 6,840,079Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 6,736,373Source | 6,824,824Source | 6,899,456Source | 6,840,079Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 473,000Source | 682,000Source | 1,523,000Source | 1,313,000Source |
| General and Administrative ExpenseUSD | 20,563,000Source | 18,195,000Source | 20,181,000Source | 26,919,000Source |
| Gross ProfitUSD | 251,027,000Source | 229,150,000Source | 266,772,000Source | 286,341,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -648,000Source | -1,851,000Source | -1,420,000Source | 936,000Source |
| Interest ExpenseUSD | 122,000Source | 725,000Source | 1,078,000Source | 1,458,000Source |
| Investment Income, InterestUSD | 3,381,000Source | 5,319,000Source | 4,379,000Source | 2,356,000Source |
| Operating ExpensesUSD | 197,182,000Source | 188,337,000Source | 185,800,000Source | 196,892,000Source |
| Research and Development ExpenseUSD | 4,226,000Source | 3,426,000Source | 4,750,000Source | 6,210,000Source |
| Revenue from Contract with Customer, Including Assessed TaxCNY | 2,024,766,000Source | 1,994,345,000Source | 2,163,638,000Source | 2,328,818,000Source |
| Selling and Marketing ExpenseUSD | 162,679,000Source | 166,716,000Source | 160,869,000Source | 163,763,000Source |