Sunlands Technology Group announced unaudited fourth quarter and full year 2025 financial results, with Q4 net revenues of RMB470.2 million and full year net revenues of RMB2,019.9 million, alongside Q4 net income of RMB38.4 million and full year net income of RMB365.6 million. The company reported its 19th consecutive quarter of profitability and issued Q1 2026 net revenue guidance of RMB420 million to RMB440 million.
Key takeaways
Q4 2025 net revenues RMB470.2 million (US$67.2 million), down 2.7% from RMB483.5 million in Q4 2024
FY 2025 net revenues RMB2,019.9 million (US$288.8 million), up 1.5% from RMB1,990.2 million in 2024
Q4 2025 net income RMB38.4 million (US$5.5 million) at 8.2% margin, down from RMB57.8 million at 12.0% margin in Q4 2024
FY 2025 net income RMB365.6 million (US$52.3 million) at 18.1% margin, up from RMB342.1 million at 17.2% margin in 2024
Deferred revenue RMB585.3 million (US$83.7 million) as of December 31, 2025, down from RMB916.5 million as of December 31, 2024
Q1 2026 net revenues guidance RMB420 million to RMB440 million, decrease of 9.8% to 13.9% year-over-year
Repurchased 815,399 ADSs for approximately US$4.8 million under share repurchase program as of December 31, 2025