8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $289M | $52M | 86.9% | 18.6% | $21M | $0 | $82M |
| 2024 | $273M | $47M | 84.0% | 15.0% | $27M | $6M | $69M |
| 2023 | $304M | $90M | 87.7% | 26.6% | $19M | $20M | $108M |
| 2022 | $337M | $93M | 85.0% | 26.6% | $859000 | $26M | $109M |
| 2021 | $394M | $34M | 85.0% | 4.6% | -$61M | $35M | $98M |
| 2020 | $338M | -$66M | 82.4% | -29.5% | -$31M | $30M | $117M |
| 2019 | $315M | -$57M | 81.9% | -21.0% | -$80M | $32M | $201M |
| 2018 | $287M | -$135M | 83.3% | -52.1% | -$49M | $38M | $182M |
How the market has priced STG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Sunlands Technology Group's revenue has declined 3.1% per year. These are computed facts, not advice.
As of FY2025, Sunlands Technology Group reported $0 of total debt against $82M of cash; operating income covered interest expense 441×.
In FY2025, gross margin was 86.9%, operating margin 18.6%, and net margin 18.1%.
As of Jun '26, Sunlands Technology Group traded at a price-to-earnings ratio of about 1.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.