Sunlands Technology Group (STG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 | Q3'20 | Q2'20 | Q4'17 |
|---|
| Sales/Revenue | 470.19M | 523.05M | 539.01M | 487.63M | 483.48M | 491.26M | 492.22M | 523.24M | 541.72M | 524.63M | 526.35M | 566.88M | 578.59M | 576.21M | 588.88M | 584.58M | 541.63M | 512.48M | 344.66M |
| Revenue Growth % | -2.75% | 6.47% | 9.51% | -6.81% | -10.75% | -6.36% | -6.48% | -7.7% | -6.37% | -8.95% | - | - | -1.75% | - | 0.74% | - | - | - | - |
| Cost of Goods Sold | 62.13M | 60.31M | 69.64M | 72.34M | 81.69M | 82.09M | 76.63M | 77.16M | 73.75M | 64.13M | 59.49M | 68.16M | 75.29M | 84.9M | 89.38M | 97.84M | 92.93M | 99.59M | 79.38M |
| COGS % of Revenue | 13.21% | 11.53% | 12.92% | 14.83% | 16.9% | 16.71% | 15.57% | 14.75% | 13.61% | 12.22% | 11.3% | 12.02% | 13.01% | 14.73% | 15.18% | 16.74% | 17.16% | 19.43% | 23.03% |
| Gross Profit | 408.06M | 462.74M | 469.37M | 415.29M | 401.79M | 409.17M | 415.6M | 446.08M | 467.97M | 460.5M | 466.86M | 498.72M | 503.3M | 491.31M | 499.5M | 486.74M | 448.7M | 412.89M | 265.28M |
| Gross Margin % | 86.79% | 88.47% | 87.08% | 85.17% | 83.1% | 83.29% | 84.43% | 85.25% | 86.39% | 87.78% | 88.7% | 87.98% | 86.99% | 85.27% | 84.82% | 83.26% | 82.84% | 80.57% | 76.97% |
| Gross Profit Growth % | 1.56% | 13.09% | 12.94% | -6.9% | -14.14% | -11.15% | -10.98% | -10.56% | -7.02% | -6.27% | - | - | 0.76% | - | 2.62% | - | - | - | - |
| Operating Expenses | 302.86M | 324.35M | 342.62M | 341.14M | 351.3M | 343.37M | 338.93M | 341.14M | 348.91M | 338.48M | 311.05M | 320.73M | 335.98M | 325.03M | 400.52M | 673.71M | 664.09M | 559.99M | 698.01M |
| OpEx % of Revenue | 64.41% | 62.01% | 63.56% | 69.96% | 72.66% | 69.89% | 68.86% | 65.2% | 64.41% | 64.52% | 59.09% | 56.58% | 58.07% | 56.41% | 68.01% | 115.25% | 122.61% | 109.27% | 202.52% |
| Selling, General & Admin | 295.17M | 315.68M | 335.68M | 334.9M | 346.8M | 337.52M | 331.27M | 334.13M | 341.27M | 330.06M | 303.05M | 311.05M | 328.61M | 313.5M | 389.87M | 663.11M | 645.52M | 544.02M | 686.06M |
| SG&A % of Revenue | 62.78% | 60.35% | 62.28% | 68.68% | 71.73% | 68.7% | 67.3% | 63.86% | 63% | 62.91% | 57.58% | 54.87% | 56.79% | 54.41% | 66.2% | 113.43% | 119.18% | 106.15% | 199.06% |
| Research & Development | 7.69M | 8.67M | 6.95M | 6.24M | 4.49M | 5.85M | 7.66M | 7.01M | 7.64M | 8.41M | 7.99M | 9.68M | 7.37M | 11.53M | 10.66M | 10.6M | 18.57M | 15.97M | 11.95M |
| R&D % of Revenue | 1.64% | 1.66% | 1.29% | 1.28% | 0.93% | 1.19% | 1.56% | 1.34% | 1.41% | 1.6% | 1.52% | 1.71% | 1.27% | 2% | 1.81% | 1.81% | 3.43% | 3.12% | 3.47% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 170K |
| Operating Income | 105.2M | 138.38M | 126.75M | 74.14M | 50.49M | 65.8M | 76.67M | 104.94M | 119.07M | 122.02M | 155.82M | 177.99M | 167.32M | 166.28M | 98.98M | -186.97M | -215.39M | -147.1M | -432.73M |
| Operating Margin % | 22.37% | 26.46% | 23.52% | 15.21% | 10.44% | 13.39% | 15.58% | 20.06% | 21.98% | 23.26% | 29.6% | 31.4% | 28.92% | 28.86% | 16.81% | -31.98% | -39.77% | -28.7% | -125.55% |
| Operating Income Growth % | 108.34% | 110.3% | 65.33% | -29.35% | -57.59% | -46.07% | -50.8% | -41.04% | -28.84% | -26.61% | - | - | 69.04% | - | 152.94% | - | - | - | - |
| EBITDA | 133.21M | 145.75M | 127.75M | 81.51M | 57.86M | 73.47M | 84.33M | 112.6M | 126.73M | 133.69M | 167.49M | 189.66M | 178.99M | 175.75M | 108.46M | -177.05M | -206.32M | -138.03M | -427.73M |
| EBITDA Margin % | 28.33% | 27.87% | 23.7% | 16.72% | 11.97% | 14.95% | 17.13% | 21.52% | 23.39% | 25.48% | 31.82% | 33.46% | 30.94% | 30.5% | 18.42% | -30.29% | -38.09% | -26.93% | -124.1% |
| EBITDA Growth % | 130.22% | 98.39% | 51.49% | -27.61% | -54.34% | -45.05% | -49.65% | -40.63% | -29.2% | -23.93% | - | - | 65.03% | - | 161.26% | - | - | - | - |
| D&A (Non-Cash Add-back) | 28.01M | 7.37M | 996.08K | 7.37M | 7.37M | 7.66M | 7.66M | 7.66M | 7.66M | 11.67M | 11.67M | 11.67M | 11.67M | 9.48M | 9.48M | 9.92M | 9.06M | 9.06M | 5M |
| EBIT | 50.25M | 138.38M | 140.72M | 86.17M | 68.7M | 83.47M | 90.01M | 104.94M | 180.41M | 138.19M | 171.79M | 193.35M | 178.9M | 175.51M | 137.82M | -71.55M | -162.35M | -123.26M | -432.73M |
| Net Interest Income | 4.98M | 893.18K | 6.46M | 5M | 10.39M | 6.39M | 9.06M | 7.68M | 7.74M | 5.75M | 5.51M | 4.44M | 4.75M | -287K | 118K | 4.17M | 2.94M | 3.38M | 6.75M |
| Interest Income | 5.04M | 909.2K | 6.73M | 5.41M | 11.15M | 7.81M | 10.58M | 9.29M | 9.35M | 7.63M | 7.56M | 6.56M | 7.04M | 2.2M | 3.02M | 6.89M | 5.78M | 6.32M | 6.75M |
| Interest Expense | 58K | 16.02K | 273K | 407K | 758K | 1.42M | 1.52M | 1.6M | 1.61M | 1.88M | 2.05M | 2.12M | 2.29M | 2.49M | 2.9M | 2.73M | 2.84M | 2.94M | 0 |
| Other Income/Expense | -55.21M | 11.41M | 13.44M | 10.81M | 15.59M | 16.98M | 5.51M | 7.4M | 56.09M | 8.5M | 16.66M | 9.85M | 17.06M | 6.03M | 31.21M | 114.57M | 49.99M | 20.72M | 6.92M |
| Pretax Income | 49.99M | 149.8M | 140.19M | 84.95M | 66.08M | 82.78M | 82.17M | 112.34M | 175.16M | 136.31M | 169.75M | 191.22M | 184.38M | 173.02M | 134.92M | -74.28M | -165.4M | -126.37M | -425.81M |
| Pretax Margin % | 10.63% | 28.64% | 26.01% | 17.42% | 13.67% | 16.85% | 16.69% | 21.47% | 32.33% | 25.98% | 32.25% | 33.73% | 31.87% | 30.03% | 22.91% | -12.71% | -30.54% | -24.66% | -123.54% |
| Income Tax | 11.61M | 24.36M | 13.55M | 9.77M | 8.28M | -6.51M | -78K | -391K | 19.96M | -1.12M | -1.4M | 7.73M | 3.42M | 4.22M | -20.58M | -1.11M | 369K | -224K | -9.84M |
| Effective Tax Rate % | 23.23% | 16.26% | 9.67% | 11.51% | 12.52% | -7.86% | -0.09% | -0.35% | 11.39% | -0.82% | -0.83% | 4.04% | 1.86% | 2.44% | -15.25% | 1.5% | -0.22% | 0.18% | 2.31% |
| Net Income | 38.37M | 125.44M | 126.64M | 75.18M | 57.81M | 89.29M | 82.25M | 112.73M | 155.2M | 131.64M | 173.88M | 180.11M | 180.62M | 168.09M | 153.88M | -73.15M | -165.68M | -126.19M | -427.72M |
| Net Margin % | 8.16% | 23.98% | 23.5% | 15.42% | 11.96% | 18.18% | 16.71% | 21.55% | 28.65% | 25.09% | 33.04% | 31.77% | 31.22% | 29.17% | 26.13% | -12.51% | -30.59% | -24.62% | -124.1% |
| Net Income Growth % | -33.62% | 40.48% | 53.97% | -33.32% | -62.75% | -32.17% | -52.7% | -37.41% | -14.08% | -21.68% | - | - | 17.38% | - | 310.35% | - | - | - | - |
| Net Income (Continuing) | 38.37M | 125.44M | 126.64M | 75.18M | 57.81M | 89.29M | 82.25M | 112.73M | 155.2M | 131.64M | 173.88M | 180.11M | 180.95M | 168.08M | 150.77M | -73.51M | -165.76M | -126.15M | -427.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -1.49M | -5.88M | -5.88M | -5.88M | -5.36M | -5.65M | -4.93M | -658K | -299K | -219K | 64K |
| EPS (Diluted) | 2.80 | 9.32 | 9.38 | 5.56 | 4.28 | 6.52 | 6.00 | 8.22 | 11.29 | 9.57 | 12.56 | 13.00 | 13.02 | 12.04 | 11.45 | -5.44 | -12.31 | -9.35 | -51.77 |
| EPS Growth % | -34.58% | 42.94% | 56.33% | -32.36% | -62.09% | -31.87% | -52.23% | -36.77% | -13.29% | -20.52% | - | - | 13.71% | - | 310.48% | - | - | - | - |
| EPS (Basic) | 2.80 | 9.32 | 9.38 | 5.56 | 4.28 | 6.52 | 6.00 | 8.22 | 11.29 | 9.57 | 12.56 | 13.00 | 13.02 | 12.04 | 11.45 | -5.44 | -12.31 | -9.35 | -51.77 |
| Diluted Shares Outstanding | 13.41M | 13.46M | 13.51M | 13.52M | 13.65M | 13.71M | 13.71M | 13.71M | 13.74M | 13.76M | 13.84M | 13.85M | 13.88M | 13.96M | 13.45M | 13.46M | 13.46M | 13.5M | 8.26M |
| Basic Shares Outstanding | 13.41M | 13.46M | 13.51M | 13.52M | 13.65M | 13.71M | 13.71M | 13.71M | 13.74M | 13.76M | 13.84M | 13.85M | 13.85M | 13.96M | 13.45M | 13.46M | 13.46M | 13.5M | 8.26M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | 18.03% | - | - | - | - | - | - |