Sunlands Technology (STG) Company Report

Analyst Coverage

Research analysts covering Sunlands Technology.

Recent press releases and 8-K filings for STG.

Sunlands Technology Group Reports Strong Q3 2025 Results with Significant Profitability Growth

STG

Earnings

Guidance Update

Sunlands Technology Group reported net revenue of RMB 523 million for the third quarter of 2025, marking a 6.5% increase year-over-year.
Net income surged 40.5% year-over-year to RMB 125.4 million, with the net margin expanding to 24%. This was supported by a 13.1% increase in gross profit to RMB 462.7 million and a 5.5% reduction in total operating expenses.
The company's strategic pivot towards high-margin, demand-driving course categories, specifically long-degree offerings including professional certification and interest-based courses, collectively accounted for approximately 73% of total revenue in Q3 2025.
Gross billings per new student enrollment for interest, professional skills, and professional certification courses grew 11.7% year-over-year in the third quarter of 2025.
For the fourth quarter of 2025, Sunlands anticipates net revenues to be between RMB 440 million and RMB 460 million, which would represent a year-over-year decrease of 4.9% to 9%.

Nov 20, 2025, 12:00 PM

Sunlands Technology Group Announces Q3 2025 Results and Q4 2025 Outlook

STG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Sunlands Technology Group reported net revenue of RMB 523 million in Q3 2025, an increase of 6.5% year over year.
Net income surged 40.5% year over year to RMB 125.4 million, with the net margin expanding to 24%, driven by a 13.1% increase in gross profit and disciplined cost management.
The company's strategic focus on high-margin categories, particularly long-degree offerings (professional certification and interest-based courses) which accounted for approximately 73% of total revenue, and senior learning, contributed to profitability.
Sunlands is leveraging AI-driven transformation, with AI-assisted automated grading covering over 70% of assignments and achieving over 95% accuracy.
For Q4 2025, Sunlands expects net revenues to be between RMB 440 million and RMB 460 million, indicating a year-over-year decrease of 4.9% to 9%.

Nov 20, 2025, 12:00 PM

Sunlands Reports Strong Q3 2025 Financial Results and Provides Q4 Outlook

STG

Earnings

Guidance Update

New Projects/Investments

Sunlands reported net revenue of RMB 523 million in Q3 2025, marking a 6.5% increase year over year, primarily fueled by the strong performance of interest-based courses and a shorter average service period.
Net income surged 40.5% year over year to RMB 125.4 million, with the net margin expanding significantly to 24%, attributed to an optimized revenue mix and disciplined cost management.
Long-degree offerings, including professional certification and interest-based courses, collectively accounted for approximately 73% of total revenue in Q3 2025, while next degree and diploma programs made up about 15%.
The company has integrated AI, with AI-assisted automated grading now covering over 70% of assignments, increasing review efficiency by more than eight times and achieving an accuracy rate above 95%.
For the fourth quarter of 2025, Sunlands expects net revenues to be between RMB 440 million and RMB 460 million, which would represent a decrease of 4.9% to 9% year over year.

Nov 20, 2025, 12:00 PM

Sunlands Technology Group Announces Unaudited Third Quarter and Nine Months 2025 Financial Results

STG

Earnings

Guidance Update

Demand Weakening

Sunlands Technology Group reported net revenues of RMB523.0 million (US$73.5 million) for the third quarter ended September 30, 2025, an increase from RMB491.3 million in Q3 2024. Net income for the quarter was RMB125.4 million (US$17.6 million), up from RMB89.3 million in the prior year period, with a net income margin of 24.0%.
For the first nine months of 2025, net revenues increased by 2.9% to RMB1,549.7 million (US$217.7 million), and net income was RMB327.3 million (US$46.0 million), compared to RMB284.3 million in the first nine months of 2024.
Gross billings (non-GAAP) for Q3 2025 decreased to RMB349.2 million (US$49.0 million) from RMB360.3 million in Q3 2024, and new student enrollments were 137,493, down from 158,395 in the same period.
As of September 30, 2025, the company held RMB601.0 million (US$84.4 million) in cash, cash equivalents, and restricted cash, and its deferred revenue balance was RMB695.5 million (US$97.7 million).
For the fourth quarter of 2025, Sunlands expects net revenues to be between RMB440 million to RMB460 million, which would represent a year-over-year decrease of 4.9% to 9.0%.