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17 Education & Technology Group Inc. (YQ) stock

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NASDAQ: YQ Nasdaq Education Services

E Fundamentals grade

17 Education & Technology Group Inc. is a US-listed company in the education services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$7.4

Revenue-to-maturity cash-flow model

Base case. Range ~$7.4–$7.8 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

17 Education & Technology Group Inc. 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.

  • Insiders1 buying, 0 selling13 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds4 adding, 3 cuttingOf 2 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter 17 Education & Technology Group files

Where 17 Education & Technology stands after its latest Filing

Revenue for the twelve months was $15m, down 43.9% on a year earlier, against growth of 8.8% a quarter earlier. That puts it 24 of 25 for growth among the education services companies we cover. Free-cash-flow margin rose to 28.7% from -74.9% a year earlier. Operating margin narrowed to -154.3% from -67.5%. The diluted share count is up 24.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $7.42 a share, against a share price of $2.69.

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

17 Education & Technology Group Inc.'s trailing-twelve-month revenue fell 43.9% year on year, with a free-cash-flow margin of 28.7%. Where it stands out: free-cash-flow margin of 28.7% ranks 2 of 25 education services companies we cover. Where it lags: change in growth rate of -52.7pp ranks 25 of 25 education services companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -43.9% (-52.7pp vs the prior quarter).

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

  • Strong cash generation. 28.7% of revenue turned into free cash flow, against a median of 5.8% for education services companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 43.9% over the last 12 months.
  • Growth slowing. The growth rate is 52.7 points lower than a quarter earlier.
  • Loss-making. Operating margin is -154.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 41.3 points on a year ago.
  • Heavy stock-based pay. Stock pay equals 29.1% of revenue, against a median of 1.4% for education services companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 24.7% in a year.

Latest results

17 Education & Technology Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.2%
  • 1 week-10.2%

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)
$14.8M
Operating margin
-154.3%
Net margin
-145.6%
EPS (TTM, diluted)
$-2.14

Growth

Revenue growth
−43.9%
Change in growth rate
−52.7 pts
Share count change
+24.7%

Cash

Free cash flow (TTM)
$4.2M
FCF margin
28.7%
Stock pay % of revenue
29.1%

News & updates

Updated November 2, 2026

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

No recent updates are available for YQ 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

17 Education & Technology Group Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value 17 Education & Technology Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 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. ~$7.4 ~$7.4–$7.8 Primary model, counts double
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. — Does not apply: the model gives no positive value
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. ~$0.3 ~$0.7–$2.9 Left out: out of range vs price (0.09x)
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. ~$7.4 ~$7.4–$7.8 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare 17 Education & Technology Group Inc. 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.

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 17 Education & Technology Group Inc.: too few analysts cover it.

Analyst recommendations

1 analysts, Nov 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202611

Counts of recommendations published by analysts covering 17 Education & Technology Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.4%
of tradable shares
Days to cover
1.47
at average volume
Short interest, 1 month
−60%
to October 15, 2026
Held by institutions
5%
of shares
Held by insiders
12.1%
of shares
Employees
1,017
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.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

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.

17 Education & Technology Group Inc. in five measures

Fundamentals grade E
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) 17 Education & Technology Group Inc.
$0 $100M $200M $300M $400M FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY18 Q4: $47.1M Revenue (TTM), FY19 Q4: $58.8M Revenue (TTM), FY20 Q4: $187.6M Revenue (TTM), FY21 Q4: $338.7M Revenue (TTM), FY22 Q4: $79.1M Revenue (TTM), FY23 Q4: $24.2M Revenue (TTM), FY24 Q4: $26.3M Revenue (TTM), FY25 Q4: $14.8M $14.8M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY18 Q4 $47.1M
FY19 Q4 $58.8M
FY20 Q4 $187.6M
FY21 Q4 $338.7M
FY22 Q4 $79.1M
FY23 Q4 $24.2M
FY24 Q4 $26.3M
FY25 Q4 $14.8M
Revenue growth, TTM YoY 17 Education & Technology Group Inc.
-100% 0% 100% 200% 300% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY19 Q4: 25.0% Revenue growth, TTM YoY, FY20 Q4: 218.9% Revenue growth, TTM YoY, FY21 Q4: 80.5% Revenue growth, TTM YoY, FY22 Q4: -76.6% Revenue growth, TTM YoY, FY23 Q4: -69.4% Revenue growth, TTM YoY, FY24 Q4: 8.8% Revenue growth, TTM YoY, FY25 Q4: -43.9% -43.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY19 Q4 25.0%
FY20 Q4 218.9%
FY21 Q4 80.5%
FY22 Q4 -76.6%
FY23 Q4 -69.4%
FY24 Q4 8.8%
FY25 Q4 -43.9%
Operating margin (TTM) 17 Education & Technology Group Inc.
-300% -200% -100% 0% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY18 Q4: -225.1% Operating margin (TTM), FY19 Q4: -246.2% Operating margin (TTM), FY20 Q4: -103.1% Operating margin (TTM), FY21 Q4: -67.5% Operating margin (TTM), FY22 Q4: -39.8% Operating margin (TTM), FY23 Q4: -200.5% Operating margin (TTM), FY24 Q4: -113.0% Operating margin (TTM), FY25 Q4: -154.3% -154.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY18 Q4 -225.1%
FY19 Q4 -246.2%
FY20 Q4 -103.1%
FY21 Q4 -67.5%
FY22 Q4 -39.8%
FY23 Q4 -200.5%
FY24 Q4 -113.0%
FY25 Q4 -154.3%
FCF margin (TTM) 17 Education & Technology Group Inc.
-200% -150% -100% -50% 0% 50% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY18 Q4: -145.7% FCF margin (TTM), FY19 Q4: -167.4% FCF margin (TTM), FY20 Q4: -47.3% FCF margin (TTM), FY21 Q4: -74.9% FCF margin (TTM), FY22 Q4: -87.9% FCF margin (TTM), FY23 Q4: -139.6% FCF margin (TTM), FY24 Q4: -78.5% FCF margin (TTM), FY25 Q4: 28.7% 28.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY18 Q4 -145.7%
FY19 Q4 -167.4%
FY20 Q4 -47.3%
FY21 Q4 -74.9%
FY22 Q4 -87.9%
FY23 Q4 -139.6%
FY24 Q4 -78.5%
FY25 Q4 28.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. 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 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 47 59 188 339 79 24 26 15
Gross profit 31 34 116 203 48 11 10 7
EBITDA −104 −142 −188 −218 −28 −46 −28 −21
Operating income −106 −145 −193 −228 −31 −48 −30 −23
Net income −99 −140 −194 −224 −26 −44 −27 −21
Diluted EPS — — — −$22.63 −$2.61 −$4.80 −$3.34 −$2.16
Growth (year on year)
Revenue — +25.0% +218.9% +80.5% −76.6% −69.4% +8.8% −43.9%
Margins
Gross margin 66.2% 57.3% 61.7% 59.8% 61.2% 47.2% 36.6% 47.8%
EBITDA margin −220.1% −240.6% −100.0% −64.5% −35.1% −191.0% −106.5% −144.8%
Operating margin −225.1% −246.2% −103.1% −67.5% −39.8% −200.5% −113.0% −154.3%
Net margin −211.2% −237.2% −103.5% −66.0% −33.5% −182.4% −102.0% −145.6%
Free-cash-flow margin −145.7% −167.4% −47.3% −74.9% −87.9% −139.6% −78.5% 28.7%
Cash flow
Cash from operations −63 −91 −76 −234 −69 −30 −19 5
Capital spending 5 7 13 20 0 4 1 1
Free cash flow −69 −98 −89 −254 −69 −34 −21 4
Stock-based pay 19 13 52 30 19 12 9 4
Free cash flow after stock pay −87 −112 −140 −284 −89 −46 −29 −0
Balance sheet
Cash 182 94 434 185 103 43 32 35
Total debt 0 12 0 0 0 0 0 0
Net debt (negative = net cash) −182 −82 −434 −185 −103 −43 −32 −35
Diluted shares 5m 6m 9m 10m 10m 9m 8m 10m
Returned to shareholders
Buybacks 3 — — — — — — —
Total returned 3 — — — — — — —

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 · December 31, 2025
What it owns · $84m
Short-term assets $79mLonger-term assets $6m
What it owes, and who funded it · $84m
Short-term liabilities $42mLonger-term liabilities $1mShareholders' equity $41m
  • Short-term assets cover short-term liabilities $79m of assets due within a year against $42m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $79m short-term assets against $1m 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 17 Education & Technology Group Inc.'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
+24.7%
year over year
R&D spending
53.0%
of revenue
Days sales outstanding
151 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated YQ ZCMD EEIQ WAFU GSUN AACG Median
Revenue, last 12 months $15m $11m $9m $6m $35m $37m $266m
Revenue growth, last 12 months −43.9% −28.3% 9.6% 2.7% 482.8% 0.1% 7.5%
Gross margin 47.8% 45.0% 66.3% 29.1% 2.3% 48.6% 54.6%
Operating margin −154.3% −54.4% −46.8% −13.5% −5.9% −23.9% 5.0%
Operating margin, 3-year average — — — 4.5% — −342.2% 5.9%
Net margin −145.6% −55.5% −27.2% −17.4% −14.3% −17.9% 3.9%
Cash from operations / revenue 35.2% 7.4% −33.0% −21.9% −26.3% −5.9% 8.4%
Free-cash-flow margin 28.7% 6.1% −36.2% −22.7% −26.3% −6.4% 5.8%
Free-cash-flow margin, 3-year average — 2.3% — −10.1% — −3.2% 5.4%
Stock pay / revenue 29.1% 32.6% 10.9% — 70.4% 0.2% 1.4%
Change in share count 24.7% 425.3% 22.5% −28.4% 43.8% 0.7% 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 -43.9% 7.5% 24 of 25
Change in growth rate Growth -52.7pp -0.5pp 25 of 25
Gross margin Profitability 47.8% 54.6% 12 of 19
Operating margin Profitability -154.3% 5.0% 25 of 25
Net margin Profitability -145.6% 3.9% 24 of 25
Free-cash-flow margin Cash generation 28.7% 5.8% 2 of 25
Stock pay as % of revenue Cash generation 29.1% 1.4% 20 of 21
Change in share count Balance sheet 24.7% 0.7% 21 of 24
Days sales outstanding Balance sheet 151 days 29 days 18 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
$346,151
Institutions reporting
9
Shares held vs prior quarter
▲ 3.4%
Positions opened / closed
1 / 1

Top buyers and sellers, Q2 2026: 4 institutions bought and 3 sold ; the biggest buyer was Simplex Trading, LLC (+16K shares) and the biggest seller Renaissance Technologies LLC (−26K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Susquehanna International Group, LLP $188,923 86K 54.6% ▲ 14.2%
Simplex Trading, LLC $77,970 35K 22.5% ▲ 86.0%
Renaissance Technologies LLC $45,166 21K 13.0% ▼ 55.6%
Citadel Advisors LLC $32,481 15K 9.4% ▲ 41.5%
BNP Paribas Financial Markets $660 0K 0.2% 0.0%
UBS Group AG $657 0K 0.2% ▼ 9.9%
Morgan Stanley $246 0K 0.1% 0.0%
Corecap Advisors, LLC $44 0K 0.0% 0.0%
Caitong International Asset Management Co., Ltd $4 0K 0.0% New

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 17 Education & Technology Group Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $177,863 13 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $177,863 net buying
Insider Date Trade Shares Price Value
Liu Chang Chief Executive Officer September 3, 2026 Buy 10,000 $2.38 $23,800
Liu Chang Chief Executive Officer September 2, 2026 Buy 9,055 $2.19 $19,830
Liu Chang Chief Executive Officer August 28, 2026 Buy 4,001 $2.11 $8,442
Liu Chang Chief Executive Officer August 26, 2026 Buy 9,216 $2.16 $19,907
Liu Chang Chief Executive Officer August 21, 2026 Buy 846 $2.46 $2,081
Liu Chang Chief Executive Officer August 13, 2026 Buy 853 $2.41 $2,056
Liu Chang Chief Executive Officer August 10, 2026 Buy 3,295 $2.44 $8,040
Liu Chang Chief Executive Officer August 6, 2026 Buy 1,857 $2.13 $3,955
Liu Chang Chief Executive Officer July 31, 2026 Buy 5,830 $1.89 $11,019
Liu Chang Chief Executive Officer July 30, 2026 Buy 500 $1.86 $930
Liu Chang Chief Executive Officer July 21, 2026 Buy 9,287 $2.17 $20,153
Liu Chang Chief Executive Officer July 17, 2026 Buy 7,633 $2.08 $15,877

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 17 Education & Technology Group Inc. 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.

17 Education & Technology Group Inc. in brief

What does 17 Education & Technology Group Inc. do?
17 Education & Technology Group Inc. is a US-listed company in the education services industry. Its financial year ends in December.
What is 17 Education & Technology Group Inc.'s stock ticker?
17 Education & Technology Group Inc. trades under the ticker YQ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is 17 Education & Technology Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, 17 Education & Technology Group Inc. reported revenue of $14.8M, 43.9% lower than a year earlier, according to its SEC filings.
What is 17 Education & Technology Group Inc.'s free cash flow?
17 Education & Technology Group Inc.'s free-cash-flow margin is 28.7% of revenue over the trailing twelve months, ranking 2 of the 25 education services companies we cover.
Who are 17 Education & Technology Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Susquehanna International Group, LLP, Simplex Trading, LLC and Renaissance Technologies LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are 17 Education & Technology Group Inc.'s competitors?
In our Education Services peer group, the companies closest to 17 Education & Technology Group Inc. are Zhongchao Inc., Epicquest Education Group International Ltd, Wah Fu Education & Technology Group Ltd., Golden Sun Technology Group Ltd. and ATA Creativity Global. The side-by-side comparison below sets their revenue, margins and growth against 17 Education & Technology Group Inc.'s.
Are insiders buying or selling 17 Education & Technology Group Inc. stock?
Over the last 12 months, 17 Education & Technology Group Inc.'s directors and officers reported 13 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.