17 Education & Technology Group Inc.YQ
What 17 Education & Technology Group Inc. does.
We are a leading education technology company in China. Our smart, in-school, teaching and learning SaaS offerings assist students, teachers, schoolmasters and educational authorities across China to achieve data-driven teaching, learning and assessment. We also offer our AI-powered personalized learning solution to C-end customers, as well as other educational products and services, which complement students’ in-school learning. Leveraging the content, data insights and brand recognition that we have accumulated over the past decade, our products and services have seen significant progress since their launch, after we transformed our business following the implementation of the Alleviating Burden Opinion in July 2021.
At our founding, we believed that delivering truly effective education in China requires a focus on in-school learning that is core to the K-12 school system, and as such, we strategically began building our smart in-school classroom solution, including homework and academic assessment products, for K-12 schools in 2012 to empower in-school learning. Over the past decade, we have significantly expanded the product portfolio within our smart in-school classroom solution to encompass class preparation and delivery, homework-related activities and academic assessment, delivering significant efficiency improvements to teachers, students and parents in all of their key daily educational activities and enabling them to engage in ways that would be impossible using traditional offline methods.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $2.2B | $531.1M | $171.0M | $189.2M | $106.0M |
| Net income | -$1.3B | -$1.4B | -$177.9M | -$311.8M | -$192.9M | -$154.4M |
| Free cash flow | -$612.5M | -$1.6B | -$466.7M | -$238.7M | -$148.6M | $30.5M |
More on YQ.
- 17 Education & Technology Group Inc. summary
- 17 Education & Technology Group Inc. financial statements
- 17 Education & Technology Group Inc. key metrics
- 17 Education & Technology Group Inc. health scores and style box
- 17 Education & Technology Group Inc. earnings
- 17 Education & Technology Group Inc. dividends
- 17 Education & Technology Group Inc. valuation
- 17 Education & Technology Group Inc. ownership and insiders
- 17 Education & Technology Group Inc. peers
Figures from 17 Education & Technology Group Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.