17 Education & Technology Group (ADR)
Provides teaching, learning and assessment SaaS to Chinese schools, alongside personalized-learning services.
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Profile
Provides school-based teaching, learning and assessment SaaS, combining subscriptions with district-level projects. Its former academic after-school tutoring business ended after China's 2021 policy reset, and the current offering includes Yiqi Aixue.
Provides data-driven teaching, learning and assessment SaaS for Chinese schools, centered on homework assignments and in-class teaching. Its commercial work combines school-based subscriptions with district-level SaaS projects serving local education systems.
Yiqi Aixue adds an AI-powered personalized-learning service aimed at individual consumers. The product base grew out of an in-school classroom system built for teachers, students and parents.
Academic after-school tutoring ended after China's 2021 restrictions, changing the operating model. Mainland-China operations run through subsidiaries, VIEs and their subsidiaries, and product development remains a stated dependency of the new strategy.
Company facts
Key statistics
Year to date −41.1% · Average volume (30d) 9.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Mar 24, 2026Q4 FY25 | −$8.60 | −$0.39 | +95.5% | $73.4M | $5.5M | −92.5% | 0.00% |
| Dec 9, 2025Q3 FY25 | — | −$0.41 | — | — | $2.8M | — | −10.00% |
| Sep 3, 2025Q2 FY25 | — | −$0.39 | — | — | $3.5M | — | +19.02% |
| Mar 25, 2025Q4 FY24 | — | −$0.63 | — | — | $5.0M | — | −23.58% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.4M | $3.2M | $3.8M | $3.0M | $5.7M | $14.8M | |
| Gross profit | $1.8M | $1.2M | $2.2M | $1.5M | $2.6M | $9.2M | |
| Operating income | −$10.3M | −$5.0M | −$4.2M | −$6.9M | −$8.0M | −$3.2M | |
| Net income | −$9.5M | −$4.6M | −$3.9M | −$6.6M | −$7.8M | −$2.9M | |
| Diluted EPS | −$1.12 | −$0.50 | −$0.42 | −$0.65 | −$0.69 | −$0.30 | |
| Gross margin | 33.6% | 36.2% | 57.5% | 51.2% | 46.1% | 61.9% | |
| Operating margin | -188.8% | -156.3% | -112.0% | -233.1% | -140.2% | -21.4% |
Fiscal years (4-quarter sums)FY21 $325.0M · FY22 $79.0M · FY23 $25.4M · FY24 $28.2M · FY25 $15.7M
Revenue by product · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $52.4M · Total debt $2.0M · Total assets $76.0M · Shareholders' equity $40.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.69M · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Chang Liu | director, 10 percent owner, officer: Chief Executive Officer | +9,216 | $2.16 |
| Aug 21, 2026 | Chang Liu | director, 10 percent owner, officer: Chief Executive Officer | +846 | $2.46 |
| Aug 13, 2026 | Chang Liu | director, 10 percent owner, officer: Chief Executive Officer | +853 | $2.41 |
| Aug 10, 2026 | Chang Liu | director, 10 percent owner, officer: Chief Executive Officer | +3,295 | $2.44 |
| Aug 6, 2026 | Chang Liu | director, 10 percent owner, officer: Chief Executive Officer | +1,857 | $2.13 |
Peers
- Education Group (TAL) (ADR)
Smart learning solutions, content and learning devices for Chinese students
- New Oriental (ADR)
AI learning devices and smart-study solutions for K–9 learners
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| 17 Education & Technology Group (ADR) | $2.07 | +2.74% | $20.0M | — | — | 0.7 | +9.5% |
| Education Group (TAL) (ADR) | $11.91 | −0.25% | $7.27B | 2.5 | 13.4 | 2.3 | +31.5% |
| New Oriental (ADR) | $58.83 | +0.07% | $9.29B | 19.8 | 15.2 | 1.6 | +23.0% |
| Median | 11.1 | 14.3 | 2.0 | +27.3% |




