Sunlands Technology Group financials

  1. Home
  2. Financials
  3. STG
Sunlands Technology Group reports to SEC EDGAR in CNY (it files a 20-F/40-F as a foreign private issuer), so every monetary figure below is in CNY as filed, not US dollars.
STG CIK 0001723935

Source: EDGAR filings · Built 2026-06-19T01:35:57Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 146.60M 195.26M 135.03M 5.90M -386.93M -201.07M
EBITDA 405.34M 327.37M 605.54M 663.63M 152.18M -608.75M
Working Capital 157.94M 82.93M 21.58M -509.04M -779.37M -641.44M
Net Debt -437.07M -320.33M -455.19M -237.76M 12.36M -4.34M
Gross Margin 86.91% 84.04% 87.70% 85.01% 85.00% 82.43%
Operating Margin 18.64% 14.97% 26.62% 26.56% 4.56% -29.45%
Net Margin 18.10% 17.19% 29.67% 27.72% 8.73% -19.54%
Return on Equity (ROE) 38.67% 56.89% 231.32% -171.96% -21.71% 35.54%
Return on Assets (ROA) 17.86% 16.13% 30.25% 28.29% 8.45% -13.20%
Current Ratio 1.21× 1.10× 1.02× 0.66× 0.59× 0.71×
Debt-to-Equity 0.15× 0.31× 1.11× -1.38× -0.63× -0.62×
Effective Tax Rate 13.81% 0.36% 3.72% 1.85% -9.93% 0.05%
Cash Conversion Ratio 0.40× 0.57× 0.22× 0.01× -1.70× 0.44×
Accruals Ratio 0.11× 0.07× 0.24× 0.28× 0.23× -0.07×
SBC % of Revenue 0.00% 0.00% 0.00% 0.31% 0.03% 1.35%
CapEx Coverage 689.24× 754.90× 24.43× 2.82× -27.28× -15.18×
Free Cash Flow Per Share ¥21.76 ¥28.61 ¥19.57 ¥0.86 ¥-57.51 ¥-29.77

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 288.84M 272.66M 304.17M 336.82M 393.53M 337.75M
Cost of Revenue 37.81M 43.51M 37.40M 50.48M 59.03M 59.35M
Gross Profit 251.03M 229.15M 266.77M 286.34M 334.50M 278.39M
Research and Development Expense 4.23M 3.43M 4.75M 6.21M 9.62M 10.20M
Operating Expenses 197.18M 188.34M 185.80M 196.89M 316.57M 377.86M
Operating Income (Loss) 53.84M 40.81M 80.97M 89.45M 17.93M -99.47M
Income Tax Expense (Benefit) 8.48M 178.00K 3.54M 1.74M -3.08M -36.00K
Net Income (Loss) Attributable to Parent 52.28M 46.87M 90.26M 93.37M 34.37M -65.98M
Earnings Per Share, Basic $7.76 $6.87 $13.08 $13.65 ¥32.56 ¥-63.74
Weighted Average Number of Shares Outstanding, Basic 6.74M 6.82M 6.90M 6.84M 6.73M 6.75M
Earnings Per Share, Diluted $7.76 $6.87 $13.08 $13.65 ¥32.56 ¥-63.74
Weighted Average Number of Shares Outstanding, Diluted 6.74M 6.82M 6.90M 6.84M 6.73M 6.75M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 82.33M 69.49M 107.58M 109.27M 98.34M 116.58M
Assets, Current 131.19M 121.15M 145.32M 140.51M 176.78M 238.20M
Assets 292.75M 290.60M 298.38M 330.00M 406.84M 499.75M
Liabilities, Current 108.60M 109.79M 142.28M 214.31M 299.08M 336.51M
Long-term Debt, Excluding Current Maturities 0 4.85M 14.74M 20.78M 28.56M 24.62M
Liabilities 157.75M 208.42M 259.57M 385.07M 565.98M 685.52M
Stockholders' Equity Attributable to Parent 135.21M 82.38M 39.02M -54.30M -158.37M -185.67M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 20.99M 26.79M 19.83M 1.33M -58.57M -28.91M
Payments to Acquire Property, Plant, and Equipment 30.00K 35.00K 812.00K 470.00K 2.15M 1.91M
Net Cash Provided by (Used in) Investing Activities -1.82M -49.16M -10.12M 13.95M 53.77M -53.53M
Payments of Dividends 0 0 4.40M 4.72M — —
Net Cash Provided by (Used in) Financing Activities -6.82M -15.44M -10.52M -9.85M -6.11M -9.05M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Loading filing details…

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (STG CIK 0001723935), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

Related tickers

CURV

TORRID HOLDINGS INC.

MITP

TPG MORTGAGE INVESTMENT TRUST, INC.

TWOH

TWO HANDS CORPORATION