17 Education & Technology Group Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $15.2M | $25.9M | $24.1M | $77.0M | $342.8M | $198.4M |
| Cost of Revenue | $7.9M | $16.4M | $12.7M | $29.9M | $137.8M | $76.0M |
| Gross Profit | $7.2M | $9.5M | $11.4M | $47.1M | $205.0M | $122.4M |
| Gross Margin | 47.7% | 36.6% | 47.2% | 61.2% | 59.8% | 61.7% |
| Operating Expenses | ||||||
| Research & Development | $8.0M | $9.9M | $23.7M | $34.2M | $125.6M | $94.2M |
| SG&A Expense | $10.7M | $18.5M | $21.7M | $32.0M | $69.9M | $64.4M |
| Operating Income | $-23.4M | $-29.3M | $-48.3M | $-30.6M | $-231.2M | $-204.5M |
| Operating Margin | -154.3% | -113.0% | -200.5% | -39.8% | -67.5% | -103.1% |
| Interest Expense | — | — | — | — | — | $448.0K |
| Pretax Income | $-22.1M | $-26.4M | $-43.9M | $-25.8M | $-226.3M | $-205.3M |
| Income Tax Expense | — | — | — | — | — | — |
| Net Income | $-22.1M | $-26.4M | $-43.9M | $-25.8M | $-226.3M | $-205.3M |
| Net Margin | -145.6% | -102.0% | -182.4% | -33.5% | -66.0% | -103.5% |
| EPS (Basic) | $-0.04 | $-0.07 | $-0.10 | $-0.05 | $-0.46 | $-1.37 |
| EPS (Diluted) | $-0.04 | $-0.07 | $-0.10 | $-0.05 | $-0.46 | $-1.37 |
| Shares Outstanding (Basic) | 501.1M | 401.9M | 458.6M | 502.8M | 494.1M | 467.5M |
| Shares Outstanding (Diluted) | 501.1M | 401.9M | 458.6M | 502.8M | 494.1M | 467.5M |
| Dividends Per Share | — | — | — | — | — | — |