FEDU on NYSE

Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a Chinese educational services company, incorporated in China.2 It is headquartered in 静安区, China.2 Its shares trade on NYSE under the symbol FEDU.2

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Last updated Oct 20, 2026.

Overview

$37.1MRevenue, fiscal 20263
$4.5MNet income, fiscal 20263

Compare with ATA Creativity Global, Golden Sun Technology Group Ltd. or Jinxin Technology Holding Co, or pick any stock.

  • TickerFEDU on NYSE2
  • IndustryServices-Educational Services2
  • Headquarters静安区, China2
  • Incorporated inChina4
  • Business addressRoom 1301, Zi'An Building, 309 Yuyuan Road, Jing'An District, Shanghai, 2000404
  • Filer categoryNon-accelerated filer4
  • Legal formcompany limited by guarantee2
  • Kind of organizationCompany limited by guarantee2
  • LEI836800A2BND2JXE69X522
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressPO Box 309, Ugland House, KY1-1104 Grand Cayman, Cayman Islands2
  • Registered withGeneral Registry, SI-2887292

We began our operations in March 2007, when our Chairman, Mr. Peiqing Tian, founded Shanghai Four Seasons Education Investment Management Co., Ltd. in Shanghai. In 2010, we established our first learning center providing after-school math education services to elementary school students. With the growth of our business and in order to facilitate international capital investment in our company, we incorporated Four Seasons Education (Cayman) Inc., or Four Seasons Education Cayman, to become our offshore holding company under the laws of the Cayman Islands in June 2014. Further, in June 2014, Four Seasons Education Cayman established a wholly-owned subsidiary in Hong Kong, namely Four Seasons Education (Hong Kong) Limited, or Four Seasons Education HK. Shanghai Fuxi Information Technology Service Co., Ltd., or Shanghai Fuxi, was then incorporated in December 2014 as a wholly-owned subsidia…5 From its latest annual report

Financials

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

Key numbers, fiscal 2026

25.8%Gross margin3
2.6%Operating margin3
12.1%Net margin3
7.6%Revenue growth, 20263
6.5%Return on equity3
0.17×Debt to equity3
$3.5MFree cash flow3

What sells

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

Products and services

Learning services brought in 50% of the revenue Four Seasons Education (Cayman) Inc. broke down this way in fiscal 2026.

  1. Learning services130.8M CNY350%up 21% from 2025
  2. Tourism Services118.4M CNY346%down 14% from 2025
  3. Learning technology and content solutions5.6M CNY32%up 7% from 2025
  4. Product and Service, Other5.3M CNY32%up 11% from 2025
  5. Revenue From Related Parties14.0K CNY30%down 97% from 2025
Products and services by year
Products and services202420252026
Learning services65.8M CNY108.0M CNY130.8M CNY
Tourism Services51.9M CNY138.3M CNY118.4M CNY
Learning technology and content solutions8.0M CNY5.2M CNY5.6M CNY
Product and Service, Other7.7M CNY4.7M CNY5.3M CNY
Revenue From Related Parties2.4M CNY420.0K CNY14.0K CNY

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue74¢$27.5M
  • Other costs13¢$5.0M
  • Income tax0¢$93.0K
  • Profit12¢$4.5M

Out of $37.1M in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Capital spending21¢$912.0K
  • Kept or used elsewhere79¢$3.5M

Out of $4.4M of cash from operations.3

Financial statements

Revenue67891011123$37.1M in 2026−26% since 2019
0$20.0M$40.0M$60.0M2019: $50.2M$50.2M20192020: $55.7M$55.7M2020+11%2021: $43.3M$43.3M2021−22%2022: $39.7M$39.7M2022−8%2023: $4.9M$4.9M2023−88%2024: $17.4M$17.4M2024+253%2025: $34.5M$34.5M2025+98%2026: $37.1M$37.1M2026+8%
Gross profit67891011123$9.6M in 2026−61% since 2019
0$10.0M$20.0M$30.0M2019: $24.5M$24.5M20192020: $26.9M$26.9M2020+10%2021: $17.2M$17.2M2021−36%2022: $15.9M$15.9M2022−7%2023: $2.1M$2.1M2023−87%2024: $6.3M$6.3M2024+206%2025: $6.5M$6.5M2025+2%2026: $9.6M$9.6M2026+48%
Operating income67891011123$983.0K in 2026+482% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2019: $169.0K$169.0K20192020: -$18.7M-$18.7M20202021: -$5.6M-$5.6M2021−70%2022: -$10.5M-$10.5M2022+86%2023: -$5.1M-$5.1M2023−51%2024: -$1.3M-$1.3M2024−75%2025: -$2.2M-$2.2M2025+68%2026: $983.0K$983.0K2026
Net income67891011123$4.5M in 2026
-$20.0M-$10.0M0$10.0M2019: -$90.0K-$90.0K20192020: -$15.7M-$15.7M2020+17303%2021: -$4.4M-$4.4M2021−72%2022: -$18.0M-$18.0M2022+313%2023: -$4.3M-$4.3M2023−76%2024: $690.0K$690.0K20242025: $111.0K$111.0K2025−84%2026: $4.5M$4.5M2026+3942%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-02-282025-02-282024-02-29
Total Revenue254.4M CNY251.1M CNY125.4M CNY
Total Cost of revenue-188.8M CNY-203.9M CNY-80.0M CNY
Gross profit65.7M CNY47.1M CNY45.5M CNY
General and administrative expenses-48.4M CNY-48.8M CNY-44.3M CNY
Sales and marketing expenses-10.5M CNY-14.0M CNY-6.8M CNY
Impairment loss on long-lived assets0 CNY0 CNY-3.7M CNY
Operating (loss) income6.7M CNY-15.7M CNY-9.3M CNY
Subsidy income191.0K CNY1.4M CNY728.0K CNY
Interest income, net6.0M CNY16.2M CNY7.2M CNY
Realized gain (loss) in investments3.9M CNY-3.1M CNY3.2M CNY
Unrealized holding gain in investments2.4M CNY2.0M CNY3.9M CNY
Other (expense) income, net381.0K CNY-739.0K CNY-1.4M CNY
Investment income1.2M CNY
Gains from deregistration of subsidiaries8.8M CNY
Impairment loss on long-term investments-500.0K CNY
Total income before provision of income taxes29.7M CNY95.0K CNY3.9M CNY
Income tax expense-635.0K CNY-722.0K CNY-1.1M CNY
Net income (loss)29.1M CNY-627.0K CNY2.8M CNY
Less: Net loss attributable to non-controlling interests-1.7M CNY-1.4M CNY-2.2M CNY
Net (loss) income attributable to Four Seasons Education (Cayman) Inc.30.8M CNY801.0K CNY5.0M CNY
- Basic1.36 CNY0.04 CNY0.23 CNY
- Diluted1.34 CNY0.04 CNY0.21 CNY
- Basic22.6M shares21.8M shares21.2M shares
- Diluted22.9M shares22.1M shares23.6M shares

Compare Four Seasons Education (Cayman) Inc. with another company

Corporate structure

Four Seasons Education (Cayman) Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Four Seasons Education (Cayman) Inc.

  • Peiqing Tian Filed SCHEDULE 13G/A on Four Seasons Education (Cayman) Inc., latest May 13, 2026 (3 filings since Feb 7, 2022)
  • Yi Zuo Filed SC 13G/A on Four Seasons Education (Cayman) Inc., latest Aug 20, 2024 (3 filings since Feb 7, 2022)
  • Theodore Walker Cheng-De King Filed SC 13G/A on Four Seasons Education (Cayman) Inc., latest Feb 14, 2024 (4 filings since Jun 23, 2022)
  • Four Seasons Education (Cayman) Inc. 静安区, China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Four Seasons Education (Cayman) Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$03 Feb 28, 2026$65.0K12 Feb 28, 2025−100.0%
Property and equipment, before depreciation$20.2M3 Feb 28, 2026$19.0M12 Feb 28, 2025+6.7%
Accumulated depreciation$2.6M3 Feb 28, 2026$1.8M12 Feb 28, 2025+49.4%
Property and equipment, net$17.6M3 Feb 28, 2026$17.2M12 Feb 28, 2025+2.3%
Operating-lease assets (leased space)$5.9M3 Feb 28, 2026$5.5M12 Feb 28, 2025+6.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$19.9M3 Feb 28, 2026$28.9M12 Feb 28, 2025−31.4%
Marketable securities, current$03 Feb 28, 2026$1.9M12 Feb 28, 2025−100.0%
Stakes in other companies (equity method)$6.6M3 Feb 28, 2026$4.9M12 Feb 28, 2025+32.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$164.0K3 Feb 28, 2026$154.0K12 Feb 28, 2025+6.5%
Intangible assets, net (excluding goodwill)$326.0K3 Feb 28, 2026$197.0K12 Feb 28, 2025+65.5%
Finite-lived intangibles, gross$1.4M3 Feb 28, 2026$1.1M12 Feb 28, 2025+18.3%
Accumulated amortization-$1.0M3 Feb 28, 2026-$953.0K12 Feb 28, 2025−8.6%

Leadership

Who has led Four Seasons Education (Cayman) Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yi Zuo2026–now
  • Chief executive officerYi Zuo Mar 16, 2026 to now13
Board members and other officers (5)

Timeline

  1. Mar 16, 2026New chief executive Yi Zuo becomes CEO13
  2. Jun 10, 2014Founded Four Seasons Education (Cayman) Inc. is founded2

Filings

51 filings to the SEC since October 2021: 6 annual reports, 9 insider forms, 10 large holders, 26 other. The latest 20:

  1. Aug 14, 20263/A EDGAR
  2. Aug 14, 20263/A EDGAR
  3. Aug 14, 20263/A EDGAR
  4. Aug 14, 20263/A EDGAR
  5. Jun 26, 2026144 EDGAR
  6. Jun 17, 202620-F EDGAR
  7. May 13, 2026SCHEDULE 13G/A EDGAR
  8. Mar 16, 20263 EDGAR
  9. Mar 16, 20263 EDGAR
  10. Mar 16, 20263 EDGAR
  11. Mar 16, 20263 EDGAR
  12. Mar 16, 20263 EDGAR
  13. Feb 12, 20266-K EDGAR
  14. Dec 5, 2025144 EDGAR
  15. Dec 2, 20256-K EDGAR
  16. Jul 16, 2025S-8 EDGAR
  17. Jun 26, 202520-F EDGAR
  18. Feb 3, 20256-K EDGAR
  19. Dec 26, 2024144 EDGAR
  20. Dec 20, 20246-K EDGAR

The 51 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Peiqing TianSCHEDULE 13G/A, 3 filings Feb 7, 2022 to May 13, 202618
  • Yi ZuoSC 13G/A, 3 filings Feb 7, 2022 to Aug 20, 202419
  • Theodore Walker Cheng-De KingSC 13G/A, 4 filings Jun 23, 2022 to Feb 14, 202420

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Schroder Investment Management Group64,648$678.8K0.0%−1,182
Wells Fargo & Company/mn250$2.6K0.0%−375
UBS Group AG174$1.7K0.0%−126
Bnp Paribas Financial Markets100$1.0K0.0%No change
Morgan Stanley100$9570.0%No change
Arax Advisory Partners36$3450.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Four Seasons Education (Cayman) Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFour Seasons Education (Cayman) Inc.1
  • CIK0001709819
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsFebruary 281
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressRoom 1301, Zi'An Building, 309 Yuyuan Road, Jing'An District, Shanghai, 200040, China1
  • Phone86-21-6317-61771
  • Shares outstanding22,614,376 shares as of Feb 28, 20265
  • AuditorMarcum Asia CPAs LLP, New York, New York PCAOB ID 5395; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJun 29, 20171
  • Filings124 in all: 6-K (34), UPLOAD (12), SC 13G/A (11), CORRESP (10), SC 13G (10), 20-F (9), 3 (5), F-1/A (5)1
    All 24 form types

    144 (4), 3/A (4), DRS/A (3), DRSLTR (3), EFFECT (2), S-8 (2), 20-F/A (1), 424B4 (1), 8-A12B (1), CERTNYS (1), DRS (1), F-1 (1), F-6 (1), F-6 POS (1), NT 20-F (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Jun 17, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares, each one representingFEDUNew York Stock Exchange

From the cover page of the 20-F filed Jun 17, 2026 (Section 12(b) of the Exchange Act).5