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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	231.52	234.14	306.93	707.9	1,181	2,835
Short-Term Investments	119.37	125.41	173.67	25.55	9.97	11.22
Cash & Short-Term Investments	350.89	359.56	480.59	733.44	1,191	2,846
Cash Growth	-14.56%	-25.19%	-34.47%	-38.41%	-58.16%	334.12%
Accounts Receivable	27.66	67.1	59.21	34.82	-	-
Other Receivables	-	0.49	0.52	17.21	23.1	7.4
Receivables	27.66	67.59	59.72	52.03	23.1	7.4
Prepaid Expenses	76.32	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	454.92	508.91	630.73	913.38	1,343	3,047
Property, Plant & Equipment	36.58	38.18	52.02	62.35	223.77	305.38
Other Long-Term Assets	2.41	2.43	1.78	4.8	13.92	37.78
Total Assets	493.9	549.52	684.53	980.52	1,580	3,390
Accrued Expenses	98.5	101.96	124.97	148.55	376.51	494.21
Current Portion of Leases	5.92	6.8	7.65	18.72	46.89	69.41
Current Unearned Revenue	39.57	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	143.98	151.62	180.6	214.13	683.06	1,206
Long-Term Leases	4.68	4.26	9.66	7.53	100.33	118.11
Long-Term Unearned Revenue	-	-	-	-	-	1.98
Total Liabilities	148.66	155.88	190.26	221.66	783.39	1,326
Common Stock	0.32	0.32	0.34	0.34	0.33	0.31
Additional Paid-In Capital	11,084	11,071	10,987	10,955	10,859	10,653
Retained Earnings	-10,821	-10,764	-10,571	-10,259	-10,081	-8,639
Treasury Stock	-0.04	-0.03	-0.1	-0.02	-	-
Comprehensive Income & Other	81.85	86.41	77.36	62.69	18.69	49.61
Total Common Equity	345.24	393.64	494.27	758.86	797.04	2,064
Shareholders' Equity	345.24	393.64	494.27	758.86	797.04	2,064
Total Liabilities & Equity	493.9	549.52	684.53	980.52	1,580	3,390
Total Debt	10.59	11.06	17.31	26.25	147.21	187.52
Net Cash (Debt)	340.3	348.5	463.29	707.19	1,044	2,659
Net Cash Growth	-13.32%	-24.78%	-34.49%	-32.24%	-60.75%	425.23%
Net Cash Per Share	38.77	43.35	50.51	70.32	105.62	1421.69
Filing Date Shares Outstanding	9.22	8.85	7.75	9.73	10.21	9.6
Total Common Shares Outstanding	9.22	8.89	7.75	9.75	10.16	9.6
Working Capital	310.93	357.29	450.13	699.25	659.67	1,841
Book Value Per Share	37.44	44.30	63.80	77.84	78.44	214.93
Tangible Book Value	345.24	393.64	494.27	758.86	797.04	2,064
Tangible Book Value Per Share	37.44	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q