17 Education & Technology Group Inc. balance sheet

At the end of fiscal 2025, 17 Education & Technology Group Inc. had total assets of $84.4m, total liabilities of $43.5m and shareholders' equity of $41.0m. It held $35.2m in cash against $0 of debt: net cash of $35.2m.

Balance sheet

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

17 Education & Technology Group Inc.: balance sheet, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	182	94	434	185	103	43	32	35
Receivables	—	—	—	—	5	8	9	6
Inventory	—	—	—	—	—	—	0	2
Total current assets	—	109	467	211	132	89	70	79
Total assets	—	132	520	248	142	96	75	84
Deferred revenue (current)	11	35	91	38	6	6	6	24
Total current liabilities	—	98	185	107	31	25	21	42
Short-term debt	—	12	—	—	—	—	—	—
Total debt	0	12	0	0	0	0	0	0
Total liabilities	—	101	203	123	32	27	21	43
Shareholders' equity	−433	−641	316	125	110	70	54	41
Non-controlling interests and other (assets − liabilities − equity)	—	672	—	—	—	—	—	—
Net debt (negative = net cash)	−182	−82	−434	−185	−103	−43	−32	−35
Shares outstanding	—	6m	—	—	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from 17 Education & Technology Group Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to 17 Education & Technology Group Inc.