YQ on Nasdaq

17 Education & Technology Group Inc.

17 Education & Technology Group Inc. is a Chinese educational services company, incorporated in China.1 Its shares trade on Nasdaq under the symbol YQ.1

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Last updated Oct 20, 2026.

Overview

$15.2MRevenue, fiscal 20252
-$22.1MNet income, fiscal 20252

Compare with Zhongchao Inc., Jianzhi Education Technology Group Co Ltd or Ambow Education Holding Ltd., or pick any stock.

  • TickerYQ on Nasdaq1
  • IndustryServices-Educational Services1
  • HeadquartersF41
  • Incorporated inChina3
  • Business address16/F, Block B, Wangjing Greenland Center, Chaoyang District, Beijing3
  • Filer categoryNon-accelerated filer3

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We set up Shanghai Hexu Information Technology Co., Ltd., or Shanghai Hexu, in December 2012.4 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 2025

47.7%Gross margin2
-154.3%Operating margin2
-145.6%Net margin2
-41.5%Revenue growth, 20252
-53.9%Return on equity2
$4.4MFree cash flow2

What sells

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

Products and services

Teaching and Learning SaaS Offerings Service Revenues brought in 71% of the revenue 17 Education & Technology Group Inc. broke down this way in fiscal 2025.

  1. Teaching and Learning SaaS Offerings Service Revenues75.2M CNY271%down 57% from 2024
  2. Teaching and Learning SaaS Offerings Product Revenues21.1M CNY220%
  3. Other Educational Products And Services9.8M CNY29%down 32% from 2024
Products and services by year
Products and services202320242025
Teaching and Learning SaaS Offerings Service Revenues149.1M CNY174.7M CNY75.2M CNY
Teaching and Learning SaaS Offerings Product Revenues21.1M CNY
Other Educational Products And Services21.8M CNY14.5M CNY9.8M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue50¢$7.9M
  • Research and development50¢$8.0M

Out of $15.2M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending18¢$981.0K
  • Kept or used elsewhere82¢$4.4M

Out of $5.3M of cash from operations.2

Financial statements

Revenue567892$15.2M in 2025−92% since 2020
0$100.0M$200.0M$300.0M$400.0M2020: $198.4M$198.4M20202021: $342.8M$342.8M2021+73%2022: $77.0M$77.0M2022−78%2023: $24.1M$24.1M2023−69%2024: $25.9M$25.9M2024+8%2025: $15.2M$15.2M2025−42%
Gross profit567892$7.2M in 2025−94% since 2020
0$100.0M$200.0M$300.0M2020: $122.4M$122.4M20202021: $205.0M$205.0M2021+67%2022: $47.1M$47.1M2022−77%2023: $11.4M$11.4M2023−76%2024: $9.5M$9.5M2024−17%2025: $7.2M$7.2M2025−24%
Operating income567892-$23.4M in 2025−89% since 2020
-$300.0M-$200.0M-$100.0M02020: -$204.5M-$204.5M20202021: -$231.2M-$231.2M2021+13%2022: -$30.6M-$30.6M2022−87%2023: -$48.3M-$48.3M2023+58%2024: -$29.3M-$29.3M2024−39%2025: -$23.4M-$23.4M2025−20%
Net income567892-$22.1M in 2025−89% since 2020
-$300.0M-$200.0M-$100.0M02020: -$205.3M-$205.3M20202021: -$226.3M-$226.3M2021+10%2022: -$25.8M-$25.8M2022−89%2023: -$43.9M-$43.9M2023+70%2024: -$26.4M-$26.4M2024−40%2025: -$22.1M-$22.1M2025−16%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total net revenues106.0M CNY189.2M CNY171.0M CNY
Cost of revenues-55.4M CNY-120.0M CNY-90.3M CNY
Gross profit50.6M CNY69.2M CNY80.7M CNY
Sales and marketing expenses-83.0M CNY-76.1M CNY-101.3M CNY
Research and development expenses-56.2M CNY-72.0M CNY-167.9M CNY
General and administrative expenses-75.0M CNY-134.9M CNY-154.3M CNY
Total operating expenses-214.2M CNY-283.0M CNY-423.5M CNY
Loss from operations-163.6M CNY-213.8M CNY-342.8M CNY
Interest income8.7M CNY16.3M CNY27.8M CNY
Foreign currency exchange (loss) gain-182.0K CNY226.0K CNY-801.0K CNY
Other income, net661.0K CNY4.4M CNY4.0M CNY
Loss before provision for income tax-154.4M CNY-192.9M CNY-311.8M CNY
Net loss-154.4M CNY-192.9M CNY-311.8M CNY
Net loss available to ordinary shareholders of 17 Education & Technology Group Inc.-154.4M CNY-192.9M CNY-311.8M CNY
Earnings Per Share Basic-0.31 CNY-0.48 CNY-0.68 CNY
Earnings Per Share Diluted-0.31 CNY-0.48 CNY-0.68 CNY
Weighted Average Number of Shares Outstanding Basic501.1M shares401.9M shares458.6M shares
Weighted Average Number of Shares Outstanding, Diluted501.1M shares401.9M shares458.6M shares

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Corporate structure

17 Education & Technology Group 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 17 Education & Technology Group Inc.

  • Chang Liu Filed SCHEDULE 13D/A on 17 Education & Technology Group Inc., latest Sep 8, 2026 (3 filings since Feb 9, 2022)
  • Sunwei Chen Filed SCHEDULE 13G/A on 17 Education & Technology Group Inc., latest Feb 13, 2026 (3 filings since Nov 12, 2021)
  • CL Lion Investment III Ltd Filed SC 13G/A on 17 Education & Technology Group Inc., latest Jan 12, 2024 (2 filings since Feb 6, 2023)
  • Temasek Holdings (Private) Ltd Filed SC 13G/A on 17 Education & Technology Group Inc., latest Sep 8, 2023 (3 filings since Feb 14, 2022)
  • Shunwei China Internet Fund, L.P. Filed SC 13G/A on 17 Education & Technology Group Inc., latest Feb 9, 2023 (2 filings since Feb 14, 2022)
  • Xiaoping Xu Filed SC 13G/A on 17 Education & Technology Group Inc., latest Feb 14, 2022
  • 17 Education & Technology Group Inc. F4

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What 17 Education & Technology Group 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
Property and equipment, before depreciation113.3M CNY2 Dec 31, 2025107.5M CNY2 Dec 31, 2024+5.4%
Accumulated depreciation87.4M CNY2 Dec 31, 202577.6M CNY2 Dec 31, 2024+12.6%
Property and equipment, net$3.2M2 Dec 31, 2025$3.6M9 Dec 31, 2024−11.2%
Operating-lease assets (leased space)$2.1M2 Dec 31, 2025$1.6M9 Dec 31, 2024+33.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.2M2 Dec 31, 2025$32.1M9 Dec 31, 2024+9.9%
Marketable securities, current$22.9M2 Dec 31, 2025$17.1M9 Dec 31, 2024+33.9%

Inventory

ItemLatestA year beforeChange
Inventory, total15.7M CNY2 Dec 31, 20250 CNY2 Dec 31, 2024

Leadership

Who has led 17 Education & Technology Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Sishi Zhou2026–now
Board members and other officers (5)

Calendar

Coming up

  1. Dec 8, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.41) a share, on Dec 9, 2025.15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

85 filings to the SEC since October 2021: 6 annual reports, 20 insider forms, 15 large holders, 44 other. The latest 20:

  1. Sep 9, 20266-K EDGAR
  2. Sep 8, 2026SCHEDULE 13D/A EDGAR
  3. Sep 4, 20264 EDGAR
  4. Sep 3, 20266-K EDGAR
  5. Sep 3, 20264 EDGAR
  6. Sep 1, 20264 EDGAR
  7. Aug 28, 20264 EDGAR
  8. Aug 24, 20264 EDGAR
  9. Aug 14, 20264 EDGAR
  10. Aug 11, 20264 EDGAR
  11. Aug 10, 20264 EDGAR
  12. Aug 3, 20264 EDGAR
  13. Jul 31, 20264 EDGAR
  14. Jul 22, 20264 EDGAR
  15. Jul 20, 20264 EDGAR
  16. Jul 6, 20264 EDGAR
  17. Jun 17, 20266-K EDGAR
  18. May 28, 20266-K EDGAR
  19. Apr 29, 202620-F EDGAR
  20. Apr 29, 2026S-8 POS EDGAR

The 85 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.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 13 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Liu ChangChief Executive OfficerBuy10,000$2.38$23.8KForm 4
Sep 2, 2026Liu ChangChief Executive OfficerBuy9,055$2.19$19.8KForm 4
Aug 28, 2026Liu ChangChief Executive OfficerBuy4,001$2.11$8.4KForm 4
Aug 26, 2026Liu ChangChief Executive OfficerBuy9,216$2.16$19.9KForm 4
Aug 21, 2026Liu ChangChief Executive OfficerBuy846$2.46$2.1KForm 4
Aug 13, 2026Liu ChangChief Executive OfficerBuy853$2.41$2.1KForm 4
Aug 10, 2026Liu ChangChief Executive OfficerBuy3,295$2.44$8.0KForm 4
Aug 6, 2026Liu ChangChief Executive OfficerBuy1,857$2.13$4.0KForm 4
Jul 31, 2026Liu ChangChief Executive OfficerBuy5,830$1.89$11.0KForm 4
Jul 30, 2026Liu ChangChief Executive OfficerBuy500$1.86$930Form 4
Jul 21, 2026Liu ChangChief Executive OfficerBuy9,287$2.17$20.2KForm 4
Jul 17, 2026Liu ChangChief Executive OfficerBuy7,633$2.08$15.9KForm 4
Jul 2, 2026Liu ChangChief Executive OfficerBuy18,988$2.20$41.8KForm 4

From Forms 4 filed with the SEC.

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.

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
Susquehanna International Group, Llp85,874$188.9K0.0%+10,656
Simplex Trading, LLC35,441$78.0K0.0%+16,386
Renaissance Technologies LLC20,530$45.2K0.0%−25,757
Citadel Advisors LLC14,764$32.5K0.0%+4,328
Bnp Paribas Financial Markets300$6600.0%No change
UBS Group AG299$6570.0%−33
Morgan Stanley112$2460.0%No change
CoreCap Advisors, LLC20$440.0%No change
Caitong International Asset Management Co., Ltd2$40.0%New

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

SEC filer profile

How 17 Education & Technology Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAR17 Education & Technology Group Inc.1
  • CIK0001821468
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address16/F, Block B, Wangjing Greenland Center, Chaoyang District, Beijing, China1
  • Phone86 10 594510821
  • Shares outstanding542,229,838 Common Stock shares; 342,229,838 Common Class A shares; 200,000,000 Common Class B shares as of Dec 31, 20254
  • AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Beijing, the People's Republic of China PCAOB ID 1113; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 16, 20201
  • Filings119 in all: 6-K (40), 4 (13), SC 13G/A (12), CORRESP (8), 3 (7), SC 13G (7), 20-F (6), UPLOAD (5)1
    All 23 form types

    DRSLTR (3), S-8 POS (3), DRS/A (2), SCHEDULE 13D/A (2), 20-F/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), F-1/A (1), S-8 (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares, each representing fifty Class A ordinary shares, par value US$0.0001 per shareYQThe Nasdaq Stock Market LLC
Class A ordinary shares, par value US$0.0001 per share*The Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).4

Sources

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