17 Education & Technology Group Inc. (YQ)

YQ Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	243.57	234.14	306.93	707.9	1,181	2,835
Short-Term Investments	98.29	125.41	173.67	25.55	9.97	11.22
Cash & Short-Term Investments	341.86	359.56	480.59	733.44	1,191	2,846
Cash Growth	0.64%	-25.19%	-34.47%	-38.41%	-58.16%	334.12%
Accounts Receivable	22.85	67.1	59.21	34.82	-	-
Other Receivables	-	0.49	0.52	17.21	23.1	7.4
Receivables	22.85	67.59	59.72	52.03	23.1	7.4
Prepaid Expenses	82.62	13.41	21.42	49.65	37.34	106.24
Restricted Cash	0.05	0.05	-	10.23	-	0.17
Other Current Assets	-	68.31	68.99	68.03	91.42	86.59
Total Current Assets	447.37	508.91	630.73	913.38	1,343	3,047
Property, Plant & Equipment	33.65	38.18	52.02	62.35	223.77	305.38
Other Long-Term Assets	1.5	2.43	1.78	4.8	13.92	37.78
Total Assets	482.51	549.52	684.53	980.52	1,580	3,390
Accrued Expenses	102.81	101.96	124.97	148.55	376.51	494.21
Current Portion of Leases	5.1	6.8	7.65	18.72	46.89	69.41
Current Unearned Revenue	36.47	40.4	44.95	42.39	243.88	596.31
Other Current Liabilities	-	2.46	3.03	4.47	15.79	45.58
Total Current Liabilities	144.37	151.62	180.6	214.13	683.06	1,206
Long-Term Leases	3.99	4.26	9.66	7.53	100.33	118.11
Long-Term Unearned Revenue	-	-	-	-	-	1.98
Total Liabilities	148.36	155.88	190.26	221.66	783.39	1,326
Common Stock	0.4	0.32	0.34	0.34	0.33	0.31
Additional Paid-In Capital	11,118	11,071	10,987	10,955	10,859	10,653
Retained Earnings	-10,865	-10,764	-10,571	-10,259	-10,081	-8,639
Treasury Stock	-0.04	-0.03	-0.1	-0.02	-	-
Comprehensive Income & Other	80.52	86.41	77.36	62.69	18.69	49.61
Total Common Equity	334.15	393.64	494.27	758.86	797.04	2,064
Shareholders' Equity	334.15	393.64	494.27	758.86	797.04	2,064
Total Liabilities & Equity	482.51	549.52	684.53	980.52	1,580	3,390
Total Debt	9.09	11.06	17.31	26.25	147.21	187.52
Net Cash (Debt)	332.77	348.5	463.29	707.19	1,044	2,659
Net Cash Growth	3.06%	-24.78%	-34.49%	-32.24%	-60.75%	425.23%
Net Cash Per Share	35.39	43.35	50.51	70.32	105.62	1421.69
Filing Date Shares Outstanding	10.25	8.85	7.75	9.73	10.21	9.6
Total Common Shares Outstanding	10.25	8.89	7.75	9.75	10.16	9.6
Working Capital	302.99	357.29	450.13	699.25	659.67	1,841
Book Value Per Share	32.61	44.30	63.80	77.84	78.44	214.93
Tangible Book Value	334.15	393.64	494.27	758.86	797.04	2,064
Tangible Book Value Per Share	32.61	44.30	63.80	77.84	78.44	214.93
Machinery	-	82.55	88.78	105.72	195.73	135.63
Leasehold Improvements	-	6.32	11.62	13.91	40.7	47.99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q