Sunlands Technology Group STG
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $288.84M, +5.9% YoY · Filed Apr 24, 2026
Sunlands Technology Group (STG) files with the SEC under industry code 8200, Services-Educational Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $288.8 million and net income of $52.3 million. Free cash flow was $21.0 million. As of Dec 31, 2025 it held $161.7 million in cash and investments and $19.8 million in total debt.
Revenue
$288.84M
+5.9% vs prior year
Net income
$52.28M
+11.6% vs prior year
Operating cash flow
$20.99M
-21.6% vs prior year
Free cash flow
$20.96M
-21.6% vs prior year
EPS
$7.76
+13.0% vs prior year
Dividend per share
None
Shares outstanding
4.33M
Net cash
$141.83M
FY 2025
Operating margin
18.6%
FY 2025
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- STG (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Beijing
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 1723935
- Former names
- Sunlands Online Education Group (until Nov 23, 2018)
Other Services-Educational Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $288.8M | $272.7M | $304.2M | $336.8M | $393.5M |
| Operating income | $53.8M | $40.8M | $81.0M | $89.4M | $17.9M |
| Net income | $52.3M | $46.9M | $90.3M | $93.4M | $34.4M |
| Diluted EPS | $7.76 | $6.87 | $13.08 | $13.65 | — |
| Operating cash flow | $21.0M | $26.8M | $19.8M | $1.3M | -$58.6M |
| Free cash flow | $21.0M | $26.8M | $19.0M | $859,000 | -$60.7M |
| Total assets | $292.8M | $290.6M | $298.4M | $330.0M | $406.8M |
| Total liabilities | $157.8M | $208.4M | $259.6M | $385.1M | $566.0M |
| Stockholders' equity | $135.2M | $82.4M | $39.0M | -$54.3M | -$158.4M |
| Cash and investments | $161.7M | $142.9M | $136.2M | $130.2M | $135.8M |
| Total debt | $19.8M | $25.6M | $43.5M | $74.8M | $100.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Aug 20, 2026 | Aug 20, 2026 |
| 6-K | Current report (foreign issuer) | May 29, 2026 | May 29, 2026 |
| 6-K | Current report (foreign issuer) | May 26, 2026 | May 26, 2026 |
| 6-K | Current report (foreign issuer) | Apr 24, 2026 | Apr 24, 2026 |
| 20-F | Annual report (foreign issuer) | Apr 24, 2026 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Mar 19, 2026 | Mar 19, 2026 |
All 144 Sunlands Technology Group SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.