Gaotu Techedu Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	596.2	1,321	636.05	819.91	728.93
Short-Term Investments	2,709	1,845	2,254	2,924	2,774
Cash & Short-Term Investments	3,305	3,166	2,890	3,744	3,503
Cash Growth	4.38%	9.56%	-22.81%	6.88%	-54.43%
Inventory	54.95	36.4	24.6	22.78	15.6
Other Current Assets	620.61	437.05	672.15	399.92	418.26
Total Current Assets	3,981	3,640	3,587	4,166	3,937
Net Property, Plant & Equipment	1,486	1,174	723.19	635.7	1,034
Other Intangible Assets	78.11	43.75	42.8	46.31	28.26
Goodwill	-	0.33	0.33	0.33	0.33
Long-Term Investments	551.64	922.74	1,030	-	-
Other Long-Term Assets	103.56	47.61	30.65	27.37	25.41
Total Assets	6,200	5,828	5,413	4,876	5,025
Accrued Expenses	1,719	1,245	805.03	662.19	693.27
Short-Term Debt	100	-	-	-	-
Current Portion of Leases	136.71	147.64	50.49	38.33	80.01
Unearned Revenue	2,289	1,867	1,113	906.91	986.99
Other Current Liabilities	0.22	0.67	4.28	1.79	-
Total Current Liabilities	4,245	3,261	1,973	1,609	1,760
Long-Term Debt	31.88	-	-	-	-
Long-Term Leases	316.7	344.61	137.65	44.2	276.04
Other Long-Term Liabilities	351.87	289.4	196.11	126.93	107.42
Total Long-Term Liabilities	700.45	634.01	333.76	171.12	383.46
Total Liabilities	4,946	3,895	2,307	1,780	2,144
Common Stock	0.12	0.12	0.12	0.12	0.11
Treasury Stock	-496.13	-242.87	-85.18	-	-
Additional Paid-in Capital	7,934	7,991	7,988	7,916	7,793
Accumulated Other Comprehensive Income	-48.07	-2.83	-33.21	-64.06	-143.11
Retained Earnings	-6,136	-5,812	-4,763	-4,756	-4,769
Shareholders' Equity	1,254	1,933	3,106	3,096	2,881
Total Liabilities & Equity	6,200	5,828	5,413	4,876	5,025
Total Debt	585.3	492.24	188.15	82.52	356.05
Net Cash (Debt)	2,720	2,674	2,702	3,661	3,147
Net Cash Growth	1.70%	-1.03%	-26.21%	16.35%	-54.33%
Net Cash Per Share	11.12	10.40	10.37	13.87	12.28
Book Value	1,254	1,933	3,106	3,096	2,881
Book Value Per Share	5.12	7.52	11.92	11.73	11.25
Tangible Book Value	1,176	1,889	3,063	3,049	2,852
Tangible Book Value Per Share	4.80	7.35	11.75	11.55	11.13

Updated Mar 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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