AACG on Nasdaq

ATA Creativity Global

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Last updated Oct 16, 2026.

Overview

$38.3MRevenue, fiscal 2025²

-$6.9MNet income, fiscal 2025²

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TickerAACG on Nasdaq
IndustryServices-Educational Services
HeadquartersE9
Incorporated inCayman Islands³
Business addressRm. 507, Bldg. 3, Binhuzhuoyuecheng, Wenhuakechuangyuan, Huayuan Blvd. 365, Baohe, Hefei, Anhui, F4 230051³
Filer categoryNon-accelerated filer³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

48.6%Gross margin²

-23.9%Operating margin²

-17.9%Net margin²

4.4%Revenue growth, 2025²

-149.9%Return on equity²

0.47×Debt to equity²

-$2.4MFree cash flow²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Portfolio Training Service brought in 70% of the revenue ATA Creativity Global broke down this way in fiscal 2025.

Portfolio Training Service187.9M CNY²70%down 6% from 2024
Overseas Study Counselling Services35.9M CNY²13%up 11% from 2024
Other Educational Services24.7M CNY²9%up 15% from 2024
Research Based Learning Services19.6M CNY²7%up 31% from 2024

Products and services by year

Products and services	2023	2024	2025
Portfolio Training Service	166.4M CNY	199.3M CNY	187.9M CNY
Overseas Study Counselling Services	29.0M CNY	32.3M CNY	35.9M CNY
Other Educational Services	19.7M CNY	21.5M CNY	24.7M CNY
Research Based Learning Services	6.5M CNY	14.9M CNY	19.6M CNY

Business segments

Overseas Art Study Services brought in 91% of the revenue ATA Creativity Global broke down this way in fiscal 2025.

Overseas Art Study Services243.4M CNY²91%down 1% from 2024
Other Educational Services24.7M CNY²9%up 15% from 2024

Business segments by year

Business segments	2023	2024	2025
Overseas Art Study Services	19.7M CNY	246.6M CNY	243.4M CNY
Other Educational Services	202.0M CNY	21.5M CNY	24.7M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueOther costs

Cost of revenue51¢$19.7M
Research and development1¢$439.2K
Other costs46¢$17.7M
Income tax1¢$511.7K

Out of $38.3M in revenue.² The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷⁸⁹¹⁰²$38.3M in 2025+19593% since 2018

Gross profit⁴⁵⁶⁷⁸⁹¹⁰²$18.6M in 2025

Operating income⁴⁵⁶⁷⁸⁹¹⁰²-$9.2M in 2025−7% since 2018

Net income⁴⁵⁶⁷⁸⁹¹⁰²-$6.9M in 2025

Every line of the income statement in the latest annual report, as filed.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Net revenues	268.1M CNY	268.1M CNY	221.6M CNY
Cost of revenues	137.8M CNY	126.8M CNY	107.0M CNY
Gross profit	130.3M CNY	141.3M CNY	114.7M CNY
Research and development	3.1M CNY	3.7M CNY	4.6M CNY
Sales and marketing	82.6M CNY	99.9M CNY	78.7M CNY
General and administrative	78.8M CNY	80.9M CNY	72.8M CNY
Goodwill impairment	33.9M CNY	0 CNY	0 CNY
Reversal of provision for loan receivable and other receivables	-3.8M CNY
Total operating expenses	194.6M CNY	184.5M CNY	156.2M CNY
Other operating income, net	175.9K CNY	174.9K CNY	30.9K CNY
Loss from operations	-64.1M CNY	-43.0M CNY	-41.5M CNY
Gain (loss) on deconsolidation of subsidiaries and others, net	11.9M CNY	-438.2K CNY
Interest income, net of interest expenses	623.7K CNY	1.0M CNY	978.5K CNY
Foreign currency exchange losses, net	-19.4K CNY	-19.0K CNY	-4.9K CNY
Total other income, net	12.5M CNY	544.6K CNY	973.7K CNY
Loss before income taxes	-51.6M CNY	-42.5M CNY	-40.5M CNY
Income tax benefit	-3.6M CNY	-6.4M CNY	-6.8M CNY
Net loss	-48.0M CNY	-36.1M CNY	-33.7M CNY
Net loss attributable to non-redeemable non-controlling interests	-29 CNY	-95 CNY	-50.3K CNY
Net loss attributable to ATA Creativity Global	-48.0M CNY	-36.1M CNY	-33.7M CNY
Foreign currency translation adjustment, net of nil income tax	-494.6K CNY	52.3K CNY	-1.4K CNY
Total other comprehensive income (loss)	-494.6K CNY	52.3K CNY	-1.4K CNY
Comprehensive loss	-48.5M CNY	-36.0M CNY	-33.7M CNY
Comprehensive loss attributable to non-redeemable non-controlling interests	-29 CNY	-95 CNY	-50.3K CNY
Comprehensive loss attributable to ATA Creativity Global	-48.5M CNY	-36.0M CNY	-33.7M CNY
Basic losses per common share attributable to ATA Creativity Global	-0.76 CNY	-0.57 CNY	-0.54 CNY
Diluted losses per common share attributable to ATA Creativity Global	-0.76 CNY	-0.57 CNY	-0.54 CNY
Foreign currency translation adjustment, income tax	0 CNY	0 CNY	0 CNY

Total assets⁴⁵⁶⁷⁸⁹¹⁰²$58.4M in 2025+20% since 2018

Total liabilities⁴⁵⁶⁷⁸⁹¹⁰²$53.8M in 2025+1774% since 2018

Shareholders’ equity⁴⁵⁶⁷⁸⁹¹⁰²$4.6M in 2025−89% since 2018

Cash⁴⁵⁶⁷⁸⁹¹⁰²$12.2M in 2025−56% since 2018

Every line of the balance sheet in the latest annual report, as filed.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	85.2M CNY	36.5M CNY
Accounts receivable, net	298.4K CNY	2.7M CNY
Prepaid expenses and other current assets	25.8M CNY	27.4M CNY
Total current assets	111.4M CNY	66.6M CNY
Long-term investments		38.0M CNY
Property and equipment, net	32.1M CNY	38.7M CNY
Intangible assets, net	32.5M CNY	46.3M CNY
Goodwill	162.4M CNY	196.3M CNY
Other non-current assets	39.3M CNY	35.2M CNY
Right-of-use assets	30.6M CNY	35.9M CNY
Total assets	408.3M CNY	456.9M CNY
Short-term loan	1.0M CNY
Lease liabilities-current	15.3M CNY	18.1M CNY
Deferred revenues	271.8M CNY	280.0M CNY
Total current liabilities	344.6M CNY	354.5M CNY
Lease liabilities-non-current	14.6M CNY	17.1M CNY
Long-term loan	15.0M CNY
Deferred income tax liabilities	2.1M CNY	5.7M CNY
Total liabilities	376.3M CNY	377.3M CNY
Par value USD 0.01, authorized: 500,000,000 shares Issued: 64,581,140 and 64,497,800 shares as of December 31, 2024 and 2025, respectively Outstanding: 63,249,096 and 63,593,666 shares as of December 31, 2024 and 2025, respectively	4.8M CNY	4.8M CNY
Treasury shares-585,358 common shares as of December 31, 2024 and 2025, at cost	-8.2M CNY	-8.2M CNY
Additional paid-in capital	548.8M CNY	547.9M CNY
Accumulated other comprehensive loss	-37.4M CNY	-37.0M CNY
Accumulated deficit	-475.9M CNY	-427.8M CNY
Total shareholders' equity attributable to ATA Creativity Global	32.0M CNY	79.7M CNY
Non-controlling interests	-64.3K CNY	-64.3K CNY
Total shareholders' equity	32.0M CNY	79.6M CNY	113.0M CNY
Total liabilities and shareholders' equity	408.3M CNY	456.9M CNY
Accrued expenses and other payables	56.5M CNY	56.4M CNY
Common shares, par value (in dollars per share)	$0.01	$0.01
Common shares, authorized	500.0M shares	500.0M shares
Common shares, issued	64.5M shares	64.6M shares
Common shares, outstanding	63.6M shares	63.2M shares
Treasury shares, common shares	585.4K shares	585.4K shares

Cash from operations⁴⁵⁶⁷⁸⁹¹⁰²-$2.3M in 2025−95% since 2018

Capital spending⁴⁵⁶⁷⁸⁹¹⁰²$183.2K in 2025−82% since 2018

Free cash flow⁴⁵⁶⁷⁸⁹¹⁰²-$2.4M in 2025−95% since 2018

Every line of the cash flow in the latest annual report, as filed.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Net loss	-48.0M CNY	-36.1M CNY	-33.7M CNY
Gain from disposal of long-term investments	-11.9M CNY
Provision for credit loss	1.7M CNY
Depreciation and amortization	21.5M CNY	24.2M CNY	22.0M CNY
Loss (gain) from disposal of property and equipment	45.4K CNY	-61.0K CNY	893 CNY
Share-based compensation	569.7K CNY	2.8M CNY	3.1M CNY
Deferred income tax benefit	-3.6M CNY	-6.4M CNY	-6.8M CNY
Loss on deconsolidation of subsidiaries and others, net	51.9K CNY	438.2K CNY
Impairment loss of goodwill	33.9M CNY	0 CNY	0 CNY
Gain from acquisition of a subsidiary			-4.0K CNY
Foreign currency exchange gain (loss)	503 CNY	-3 CNY	7 CNY
Accounts receivable	2.4M CNY	-477.4K CNY	3.6M CNY
Prepaid expenses and other current assets	508.9K CNY	-19.8M CNY	-2.4M CNY
Other non-current assets	-4.2M CNY	-3.5M CNY	-3.3M CNY
Income tax payable		-1.1K CNY	-13.8K CNY
Accrued expenses and other payables	-536.2K CNY	7.4M CNY	-7.1M CNY
Deferred revenues	-8.3M CNY	28.1M CNY	33.4M CNY
Net cash provided by (used in) operating activities	-15.8M CNY	-3.3M CNY	8.8M CNY
Purchase of property and equipment	-1.3M CNY	-20.0M CNY	-2.2M CNY
Proceeds from disposal of property and equipment disposal	53.8K CNY	56.0K CNY	14.8K CNY
Cash paid for liabilities assumed in relation to acquisition of Youru (Note 3)		-198.3K CNY	-1.0M CNY
Payment for acquisition of a subsidiary, less cash acquired			-417.4K CNY
Proceeds from deconsolidation of subsidiaries and others, less cash disposed	49.9M CNY	-89.5K CNY
Cash paid for acquisition of non-redeemable non-controlling interests			-300.0K CNY
Net cash (used in) provided by investing activities	48.7M CNY	-20.3M CNY	-4.0M CNY
Cash paid for employee individual income tax for net- settlement of vested shares	-57.6K CNY	-93.7K CNY	-68.3K CNY
Proceeds from term loan	37.1M CNY
Repayment of term loan	-21.0M CNY
Cash received for exercise of share options	366.7K CNY		471.8K CNY
Net cash provided by (used in) financing activities	16.3M CNY	-93.7K CNY	403.4K CNY
Effect of foreign exchange rate changes on cash and cash equivalents	-495.2K CNY	52.4K CNY	-1.4K CNY
Net increase (decrease) in cash and cash equivalents	48.7M CNY	-23.6M CNY	5.2M CNY
Cash paid for income tax			20.4K CNY
Cash refunded for income tax		-4 CNY	-211 CNY
Cash paid for interest expenses	-398.6K CNY
Cash paid for amounts included in measurement of operating leases liabilities	20.0M CNY	19.7M CNY	18.1M CNY
Lease liability arising from obtaining Right-of-use assets	21.1M CNY	26.9M CNY	1.7M CNY
Consideration payable for acquisition of Youru (Note 3)			198.3K CNY
Disposal of net liabilities of subsidiaries, excluding cash	5.2M CNY	-348.6K CNY
Lease liability arising from obtaining Right-of-use assets	21.1M CNY	26.9M CNY	1.7M CNY

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Former names

ATA Inc.Jan 8, 2008 to Oct 17, 2019³

Recent filings

Sep 8, 2026SCHEDULE 13G/A
Aug 27, 20263 OWNERSHIP DOCUMENT
Aug 27, 20263 OWNERSHIP DOCUMENT
Jul 22, 20266-K
Jul 7, 20266-K
Jul 2, 20266-K
Jun 15, 2026S-8
Jun 5, 20266-K
May 6, 20266-K
Apr 30, 20264 OWNERSHIP DOCUMENT
Apr 30, 20264 OWNERSHIP DOCUMENT
Apr 10, 20264 OWNERSHIP DOCUMENT
Mar 31, 202620-F
Mar 31, 20263 OWNERSHIP DOCUMENT
Mar 31, 2026SCHEDULE 13D

Every filing from the last three years, summarized. The full record is on SEC EDGAR.¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARATA Creativity Global filings on SEC EDGAR
2
SEC EDGARATA Creativity Global 10-K for fiscal 2025
3
SEC EDGARATA Creativity Global filings on SEC EDGAR
4
SEC EDGARATA Creativity Global 10-K for fiscal 2018
5
SEC EDGARATA Creativity Global 10-K for fiscal 2019
6
SEC EDGARATA Creativity Global 10-K for fiscal 2020
7
SEC EDGARATA Creativity Global 10-K for fiscal 2021
8
SEC EDGARATA Creativity Global 10-K for fiscal 2022
9
SEC EDGARATA Creativity Global 10-K for fiscal 2023
10
SEC EDGARATA Creativity Global 10-K for fiscal 2024