17 Education & Technology Group Inc. income statement

In fiscal 2025, 17 Education & Technology Group Inc. reported revenue of $14.8m, down 43.9% on the year before, operating income of −$22.8m (a -154.3% margin) and net income of −$21.5m, or −$2.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

17 Education & Technology Group Inc.: income statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	47	59	188	339	79	24	26	15
Cost of revenue	16	25	72	136	31	13	17	8
Gross profit	31	34	116	203	48	11	10	7
Research and development	60	71	89	124	35	24	10	8
Selling and marketing	46	85	159	219	12	14	11	12
General and administrative	31	23	61	69	33	22	19	10
Operating income	−106	−145	−193	−228	−31	−48	−30	−23
Interest expense	—	0	0	—	—	—	—	—
Income before tax	−99	−140	−194	−224	−26	−44	−27	−21
Income tax	—	—	0	0	0	0	0	0
Net income	−99	−140	−194	−224	−26	−44	−27	−21
Diluted EPS	—	—	—	−$22.63	−$2.61	−$4.80	−$3.34	−$2.16
Diluted shares (average)	5m	6m	9m	10m	10m	9m	8m	10m
EBITDA	−104	−142	−188	−218	−28	−46	−28	−21

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.