Sunlands Technology Group Income Statement 2025-2011 | STG

Brief overview of financial results at Sunlands Technology Group

This overview is based on financial performance over the past five years. Revenue reported by Sunlands Technology Group was 2.2 billion yuan at the beginning of the period and 2 billion yuan at the end. Overall revenue changed by −8.3%, equal to an annualized rate of about −1.7%. The business did not achieve meaningful top-line expansion.

The gross result shifted from 1.8 billion yuan to 1.8 billion yuan, or −3.4%. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. The gross margin was 82.4% at the start and 86.9% at the end. The business retained more gross profit from each unit of revenue.

The five-year EBITDA result moved by +166.6%: from −609 million yuan to 405 million yuan. Additional revenue translated efficiently into EBITDA. At the operating-margin level, the figure shifted from −27.6% to 20.1%. The business generated more EBITDA from each unit of revenue.

Across the five years, the net result shifted from −431 million yuan to 366 million yuan. The business moved out of a loss and ended the period with a profit.

The market value of the business moved from 97.1 million yuan to 22.7 million yuan, or −76.6%. Capitalization lags the underlying business improvement.

Financial takeaway

Positive developments coexist with areas of weakness. Key strengths include net-income growth, improving gross profitability and higher operating efficiency. The overall view is constrained by a weaker market valuation and a softer top-line trend. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.