17 Education & Technology Group Inc. (YQ)

YQ Income Statement

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

Year	2022	2021	2020	2019	2018
Revenue	531.06	2,185	1,294	406.25	310.71
Revenue Growth (YoY)	-75.69%	68.77%	218.62%	30.75%	-
Cost of Revenue	206.21	878.24	495.67	173.48	104.97
Gross Profit	324.86	1,306	798.7	232.77	205.74
Selling, General & Admin	300.16	1,858	1,518	741.61	506.62
Research & Development	235.85	800.16	614.77	491.27	398.63
Other Operating Expenses	0	121.29	0	0	0
Operating Expenses	536	2,780	2,133	1,233	905.25
Operating Income	-211.15	-1,473.49	-1,334.12	-1,000.11	-699.51
Interest Expense / Income	0	0	2.93	0.49	0
Other Expense / Income	-33.28	-31.57	2.87	-36.84	-43.44
Pretax Income	-177.87	-1,441.91	-1,339.91	-963.75	-656.07
Net Income	-177.87	-1,441.91	-1,339.91	-963.75	-656.07
Preferred Dividends	0	0	2,838	600.54	244.37
Net Income Common	-177.87	-1,441.91	-4,177.9	-1,564.29	-900.44
Shares Outstanding (Basic)	503	494	94	57	49
Shares Outstanding (Diluted)	503	494	94	57	49
Shares Change	1.77%	428.38%	62.87%	17.94%	-
EPS (Basic)	-17.50	-146.00	-2234.00	-1362.50	-925.00
EPS (Diluted)	-17.50	-146.00	-2234.00	-1362.50	-925.00
Free Cash Flow	-453.33	-1,624.3	-612.49	-679.88	-452.81
Free Cash Flow Per Share	-45.08	-164.38	-327.52	-592.12	-465.13
Gross Margin	61.17%	59.80%	61.71%	57.30%	66.22%
Operating Margin	-39.76%	-67.45%	-103.07%	-246.18%	-225.14%
Profit Margin	-33.49%	-66.01%	-322.77%	-385.06%	-289.81%
Free Cash Flow Margin	-85.36%	-74.35%	-47.32%	-167.36%	-145.74%
EBITDA	-118.94	-1,276.33	-1,234.29	-898.78	-619.06
EBITDA Margin	-22.40%	-58.43%	-95.36%	-221.24%	-199.24%
Depreciation & Amortization	58.93	165.58	102.7	64.49	37.01
EBIT	-177.87	-1,441.91	-1,336.98	-963.27	-656.07
EBIT Margin	-33.49%	-66.01%	-103.29%	-237.11%	-211.15%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).