Sunlands Technology Group (STG) Financial Statements & Analysis

Sunlands Technology Group (STG) Income Statement

Sunlands Technology Group reported revenue of CNY 2.02B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1.5% from CNY 1.99B a year earlier. Net income was CNY 365.63M, up 6.9% year over year, a net margin of 18.1%. Gross margin was 86.9% and operating margin 18.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CNY 405.22M, down 24.8% from the same quarter a year earlier.

Sunlands Technology Group Income Statement Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Sunlands Technology Group income statement - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	2.02	1.99	2.16	2.32	2.51	2.20	2.19	1.97	0.97
Cost of Revenue	0.26	0.32	0.27	0.35	0.38	0.39	0.40	0.33	0.17
Gross Profit	1.76	1.67	1.89	1.97	2.13	1.82	1.80	1.64	0.80
Operating Expenses
Research & Development	0.03	0.03	0.03	0.04	0.06	0.07	0.10	0.08	0.03
Selling, General & Administrative	1.28	1.35	1.29	1.32	1.96	2.40	2.16	2.60	1.69
Operating Expenses	1.31	1.37	1.32	1.36	2.02	2.47	2.26	2.67	1.73
Operating Income	0.38	0.30	0.57	0.62	0.11	-0.65	-0.46	-1.03	-0.93
Other Income/Expense
Interest Income	0.02	0.04	0.03	0.02	0.02	0.03	0.06	0.07	0.01
Interest Expense	0.00	0.01	0.01	0.01	-0.01	0.01	0.01	0.00	0.00
Other Income/Expense	-0.02	0.03	0.09	0.04	0.08	0.22	0.07	0.10	0.01
Income
Income Before Tax	0.42	0.36	0.67	0.66	0.19	-0.43	-0.39	-0.93	-0.91
Income Tax Expense	0.06	0.00	0.03	0.01	-0.02	0.00	0.00	0.10	0.01
Net Income	0.37	0.34	0.64	0.64	0.22	-0.43	-0.40	-0.93	-0.92
Net Income - Continuous Operations	0.37	0.34	0.64	0.64	0.21	-0.43	-0.40	-0.93	-0.92
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	0.47	0.39	0.71	0.71	0.15	-0.61	-0.34	-1.03	-0.91
EBIT	0.44	0.36	0.68	0.66	0.11	-0.65	-	-	-
Depreciation & Amortization	0.03	0.03	0.03	0.05	0.04	0.04	0.04	0.03	0.01
Earnings Per Share
Basic EPS	27.00	25.00	46.00	24.00	16.00	-32.00	-29.00	-74.00	-111.00
Diluted EPS	109.00	25.00	46.00	24.00	65.00	-32.00	-29.00	-74.00	-111.00
Basic Shares Outstanding	0.01	0.01	0.01	0.03	0.01	0.01	0.01	0.01	0.01
Diluted Shares Outstanding	0.01	0.01	0.01	0.03	0.01	0.01	0.01	0.01	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Sunlands Technology Group Financial Statements

What was Sunlands Technology Group's revenue in fiscal 2025?

Sunlands Technology Group reported revenue of CNY 2.02B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1.5% from CNY 1.99B a year earlier.

Is Sunlands Technology Group profitable?

Yes. Sunlands Technology Group earned net income of CNY 365.63M in fiscal 2025, a net margin of 18.1%. In fiscal 2024 it earned CNY 342.08M.

What is Sunlands Technology Group's operating margin?

Sunlands Technology Group's operating income was CNY 376.55M on revenue of CNY 2.02B in fiscal 2025, an operating margin of 18.6%, compared with 15.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition