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Wah Fu Education & Technology Group Ltd. (WAFU) stock

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NASDAQ: WAFU Nasdaq Education Services

C Fundamentals grade

Wah Fu Education & Technology Group Ltd. is a US-listed company in the education services industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.6

Revenue-to-maturity cash-flow model

Base case. Range ~$3.4–$4.1 across our lower- and higher-growth cases (0%–7.7% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Wah Fu Education & Technology Group Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 4 cuttingOf 3 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Wah Fu Education & Technology Group files

Where Wah Fu Education & Technology stands after its latest Filing

Revenue for the twelve months was $6m, up 2.7% on a year earlier, against a decline of 14.4% a quarter earlier. Free-cash-flow margin fell to -22.7% from 9.1% a year earlier. Operating margin narrowed to -13.5% from 9.1%. The diluted share count is down 28.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $3.64 a share, against a share price of $1.41.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Wah Fu Education & Technology Group Ltd.'s trailing-twelve-month revenue grew 2.7% year on year, with a free-cash-flow margin of -22.7%. Where it stands out: change in share count of -28.4% ranks 1 of 24 education services companies we cover. Where it lags: free-cash-flow margin of -22.7% ranks 22 of 25 education services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 47.7% while net income fell 137.6%: a 90pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 17.1 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 28.4% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -13.5%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 7.1 points on a year ago.
  • Burning cash. Free cash flow was -22.7% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 0.0 against the S&P 500.
  • Gross margin slipping. Gross margin is down 12.6 points on a year ago.
  • Heavily shorted. 39.4% of the shares available to trade are sold short (0.0 days of average volume to cover).

Price chart

  • 1 day+1.4%
  • 1 week-2.7%
  • 1 month-1.4%
  • This year-8.3%
  • 1 year-18.3%
  • 5 years-76.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.4M
Operating margin
-13.5%
Net margin
-17.4%
EPS (TTM, diluted)
$-0.38

Growth

Revenue growth
+2.7%
Change in growth rate
+17.1 pts
Share count change
−28.4%

Cash

Free cash flow (TTM)
-$1.4M
FCF margin
-22.7%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for WAFU from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Wah Fu Education & Technology Group Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Wah Fu Education & Technology Group Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 8.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.69 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$3.6 ~$3.4–$4.1 Left out: far from the other models (more than 3x away from their median)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.5 ~$0.2–$1.0 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.4 ~$1.0–$4.3 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.5 ~$0.4–$0.5 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Wah Fu Education & Technology Group Ltd. with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2020202120222023202420252026
Share price$1.64$12.50$3.22$1.90$1.94$1.60$1.55
Market value$7m$55m$14m$8m$9m$7m$5m
+ Net debt (− = net cash)−$7m−$12m−$12m−$13m−$11m−$10m−$9m
Enterprise value$202826$43m$3m−$4m−$2m−$4m−$4m
Multiples
Price / sales 1.2x6.4x1.2x0.8x1.2x1.1x0.7x
Price / earnings —80.6x19.2x9.3x———
Price / free cash flow 8.2x24.3x13.7x5.4x———
EV / EBITDA —33.2x2.1xn/m———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Wah Fu Education & Technology Group Ltd.: too few analysts cover it.

Positioning

Short interest
39.4%
of tradable shares
Days to cover
0.03
at average volume
Short interest, 1 month
+95%
to October 15, 2026
Held by institutions
5%
of shares
Held by insiders
99.0%
of shares
Employees
103
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WAFU+2%−43%−4%−22%−7%−8%
Industry peers (median)−20%−6%+26%+25%+2%−9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WAFU33%50%67%33%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WAFU−70%−53%−41%−37%−55%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 30, 2019: 90% from March 26, 2021 to April 16, 2025. Getting back needed a 889% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.32 – $1.93
From 52-week high
−25.9%
vs 50-day average
−0.1%
vs 200-day average
−9.3%
Volatility (1 year)
50%
Beta vs S&P 500
0.04

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Wah Fu Education & Technology Group Ltd. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Wah Fu Education & Technology Group Ltd.
$4M $6M $8M $10M $12M FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 Revenue (TTM), FY17 Q4: $5.2M Revenue (TTM), FY18 Q4: $6M Revenue (TTM), FY19 Q4: $5.4M Revenue (TTM), FY20 Q4: $5.6M Revenue (TTM), FY21 Q4: $8.5M Revenue (TTM), FY22 Q4: $11.5M Revenue (TTM), FY23 Q4: $10.7M Revenue (TTM), FY24 Q4: $7.2M Revenue (TTM), FY25 Q4: $6.2M Revenue (TTM), FY26 Q4: $6.4M $6.4M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY17 Q4 $5.2M
FY18 Q4 $6M
FY19 Q4 $5.4M
FY20 Q4 $5.6M
FY21 Q4 $8.5M
FY22 Q4 $11.5M
FY23 Q4 $10.7M
FY24 Q4 $7.2M
FY25 Q4 $6.2M
FY26 Q4 $6.4M
Revenue growth, TTM YoY Wah Fu Education & Technology Group Ltd.
-50% 0% 50% 100% FY18 Q4 FY20 Q4 FY22 Q4 FY24 Q4 FY26 Q4 Revenue growth, TTM YoY, FY18 Q4: 15.4% Revenue growth, TTM YoY, FY19 Q4: -10.2% Revenue growth, TTM YoY, FY20 Q4: 5.2% Revenue growth, TTM YoY, FY21 Q4: 51.1% Revenue growth, TTM YoY, FY22 Q4: 34.7% Revenue growth, TTM YoY, FY23 Q4: -6.8% Revenue growth, TTM YoY, FY24 Q4: -32.4% Revenue growth, TTM YoY, FY25 Q4: -14.4% Revenue growth, TTM YoY, FY26 Q4: 2.7% 2.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY18 Q4 15.4%
FY19 Q4 -10.2%
FY20 Q4 5.2%
FY21 Q4 51.1%
FY22 Q4 34.7%
FY23 Q4 -6.8%
FY24 Q4 -32.4%
FY25 Q4 -14.4%
FY26 Q4 2.7%
Operating margin (TTM) Wah Fu Education & Technology Group Ltd.
-40% -20% 0% 20% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 Operating margin (TTM), FY17 Q4: 12.7% Operating margin (TTM), FY18 Q4: 18.0% Operating margin (TTM), FY19 Q4: -23.1% Operating margin (TTM), FY20 Q4: -27.9% Operating margin (TTM), FY21 Q4: 12.8% Operating margin (TTM), FY22 Q4: 9.1% Operating margin (TTM), FY23 Q4: 18.8% Operating margin (TTM), FY24 Q4: -3.3% Operating margin (TTM), FY25 Q4: -6.3% Operating margin (TTM), FY26 Q4: -13.5% -13.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY17 Q4 12.7%
FY18 Q4 18.0%
FY19 Q4 -23.1%
FY20 Q4 -27.9%
FY21 Q4 12.8%
FY22 Q4 9.1%
FY23 Q4 18.8%
FY24 Q4 -3.3%
FY25 Q4 -6.3%
FY26 Q4 -13.5%
FCF margin (TTM) Wah Fu Education & Technology Group Ltd.
-40% -20% 0% 20% 40% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 FCF margin (TTM), FY17 Q4: 23.5% FCF margin (TTM), FY18 Q4: -16.7% FCF margin (TTM), FY19 Q4: -16.1% FCF margin (TTM), FY20 Q4: 15.3% FCF margin (TTM), FY21 Q4: 26.5% FCF margin (TTM), FY22 Q4: 9.1% FCF margin (TTM), FY23 Q4: 14.7% FCF margin (TTM), FY24 Q4: -11.9% FCF margin (TTM), FY25 Q4: -15.8% FCF margin (TTM), FY26 Q4: -22.7% -22.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY17 Q4 23.5%
FY18 Q4 -16.7%
FY19 Q4 -16.1%
FY20 Q4 15.3%
FY21 Q4 26.5%
FY22 Q4 9.1%
FY23 Q4 14.7%
FY24 Q4 -11.9%
FY25 Q4 -15.8%
FY26 Q4 -22.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026
Income
Revenue 5 6 5 6 9 11 11 7 6 6
Gross profit 3 4 3 2 5 5 6 3 3 2
EBITDA 1 1 −1 −1 1 1 2 −0 −0 −1
Operating income 1 1 −1 −2 1 1 2 −0 −0 −1
Net income 1 1 −1 −2 1 1 1 −0 −0 −1
Diluted EPS $0.18 $0.36 −$0.30 $4290681.00 $0.16 $0.17 $0.20 −$0.01 −$0.11 −$0.25
Growth (year on year)
Revenue — +15.4% −10.2% +5.2% +51.1% +34.7% −6.8% −32.4% −14.4% +2.7%
EBITDA — +53.6% −192.7% — — −5.2% +79.4% −105.3% — —
Operating income — +62.8% −215.5% — — −4.6% +93.3% −112.0% — —
Net income — +99.9% −182.7% — — +9.3% +21.9% −106.1% — —
Diluted EPS — +100.0% −183.3% — — +6.3% +17.6% −105.0% — —
Margins
Gross margin 58.4% 62.6% 46.7% 39.9% 53.1% 47.6% 53.2% 41.4% 41.7% 29.1%
EBITDA margin 15.0% 20.0% −20.7% −24.9% 15.1% 10.6% 20.5% −1.6% −4.9% −12.5%
Operating margin 12.7% 18.0% −23.1% −27.9% 12.8% 9.1% 18.8% −3.3% −6.3% −13.5%
Net margin 11.1% 19.2% −17.7% −29.1% 8.0% 6.5% 8.5% −0.8% −7.5% −17.4%
Free-cash-flow margin 23.5% −16.7% −16.1% 15.3% 26.5% 9.1% 14.7% −11.9% −15.8% −22.7%
Cash flow
Cash from operations 1 −0 −1 1 2 1 2 −1 −1 −1
Capital spending 0 1 0 0 0 0 0 0 0 0
Free cash flow 1 −1 −1 1 2 1 2 −1 −1 −1
Balance sheet
Cash 6 5 4 7 12 12 13 11 10 9
Total debt 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −6 −5 −4 −7 −12 −12 −13 −11 −10 −9
Diluted shares 3m 3m 3m 4m 4m 4m 4m 4m 4m 3m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · March 31, 2026
What it owns · $14m
Short-term assets $13mLonger-term assets $2m
What it owes, and who funded it · $13m
Short-term liabilities $3mLonger-term liabilities $0mShareholders' equity $10m
  • Short-term assets cover short-term liabilities $13m of assets due within a year against $3m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $13m short-term assets against $72,981 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Wah Fu Education & Technology Group Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−28.4%
year over year
Sales & admin spending
16.3%
of revenue
Days sales outstanding
52 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated WAFU EEIQ LXEH ZCMD YQ GSUN Median
Revenue, last 12 months $6m $9m $4m $11m $15m $35m $266m
Revenue growth, last 12 months 2.7% 9.6% −5.9% −28.3% −43.9% 482.8% 7.5%
Gross margin 29.1% 66.3% −38.7% 45.0% 47.8% 2.3% 54.6%
Operating margin −13.5% −46.8% −118.0% −54.4% −154.3% −5.9% 5.0%
Net margin −17.4% −27.2% −395.4% −55.5% −145.6% −14.3% 3.9%
Cash from operations / revenue −21.9% −33.0% <−999% 7.4% 35.2% −26.3% 8.4%
Free-cash-flow margin −22.7% −36.2% <−999% 6.1% 28.7% −26.3% 5.8%
Free-cash-flow margin, 3-year average −10.1% — — 2.3% — — 5.4%
Stock pay / revenue — 10.9% — 32.6% 29.1% 70.4% 1.4%
Change in share count −28.4% 22.5% >999% 425.3% 24.7% 43.8% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth 2.7% 7.5% 16 of 25
Change in growth rate Growth +17.1pp -0.5pp 3 of 25
Gross margin Profitability 29.1% 54.6% 15 of 19
Operating margin Profitability -13.5% 5.0% 16 of 25
Net margin Profitability -17.4% 3.9% 18 of 25
Free-cash-flow margin Cash generation -22.7% 5.8% 22 of 25
Change in share count Balance sheet -28.4% 0.7% 1 of 24
Days sales outstanding Balance sheet 52 days 29 days 13 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$194,934
Institutions reporting
5
Shares held vs prior quarter
▼ 25.8%
Positions opened / closed
0 / 2

Top buyers and sellers, Q2 2026: 1 institutions bought and 4 sold ; the biggest buyer was Citadel Advisors LLC (+8,038 shares) and the biggest seller Renaissance Technologies LLC (−32K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Two Sigma Investments, LP $141,167 93K 72.4% ▼ 1.7%
Citadel Advisors LLC $53,382 35K 27.4% ▲ 29.7%
UBS Group AG $353 0K 0.2% ▼ 60.1%
Hollencrest Capital Management $30 0K 0.0% 0.0%
Sbi Securities Co., Ltd. $2 0K 0.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Wah Fu Education & Technology Group Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Wah Fu Education & Technology Group Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Wah Fu Education & Technology Group Ltd. in brief

What does Wah Fu Education & Technology Group Ltd. do?
Wah Fu Education & Technology Group Ltd. is a US-listed company in the education services industry. Its financial year ends in March.
What is Wah Fu Education & Technology Group Ltd.'s stock ticker?
Wah Fu Education & Technology Group Ltd. trades under the ticker WAFU on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Wah Fu Education & Technology Group Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Wah Fu Education & Technology Group Ltd. reported revenue of $6.4M, 2.7% higher than a year earlier, according to its SEC filings.
What is Wah Fu Education & Technology Group Ltd.'s free cash flow?
Wah Fu Education & Technology Group Ltd.'s free-cash-flow margin is -22.7% of revenue over the trailing twelve months, ranking 22 of the 25 education services companies we cover.
Who are Wah Fu Education & Technology Group Ltd.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Two Sigma Investments, LP, Citadel Advisors LLC and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Wah Fu Education & Technology Group Ltd.'s market cap?
On March 31, 2026, Wah Fu Education & Technology Group Ltd.'s market capitalisation was about $4.5M and net debt of -$9M. Market figures come from third-party market data and may be delayed.
Who are Wah Fu Education & Technology Group Ltd.'s competitors?
In our Education Services peer group, the companies closest to Wah Fu Education & Technology Group Ltd. are Epicquest Education Group International Ltd, Lixiang Education Holding Co. Ltd., Zhongchao Inc., 17 Education & Technology Group Inc. and Golden Sun Technology Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against Wah Fu Education & Technology Group Ltd.'s.