YQ · 17 Education & Technology Group Inc.

Summary

17 Education & Technology Group Inc. announced unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025, with Q4 net revenues of RMB38.9 million up 6.4% YoY and FY net revenues of RMB106.0 million down 44.0% YoY, alongside gross margin expansion to 46.1% and 47.8% respectively, and narrowed net losses. The company launched its new AI-powered consumer product 'Yiqi Aixue' with strong pre-sale orders and ended with cash of RMB407.0 million.

Key takeaways

• Q4 2025 net revenues RMB38.9 million (US$5.6 million), up 6.4% YoY from RMB36.6 million
• Q4 2025 gross margin 46.1%, up from 33.6% YoY
• Q4 2025 net loss RMB53.0 million (US$7.6 million), improved from RMB63.7 million YoY
• FY 2025 net revenues RMB106.0 million (US$15.2 million), down 44.0% YoY from RMB189.2 million
• FY 2025 net loss RMB154.4 million (US$22.1 million), down 20.0% YoY from RMB192.9 million
• Cash and cash equivalents, restricted cash and term deposit RMB407.0 million (US$58.2 million) as of December 31, 2025