17 Education & Technology Group (YQ) Company Report

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Q2 2025

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17 Education & Technology Group Inc. Announces Third Quarter 2025 Unaudited Financial Results

Earnings

Product Launch

Demand Weakening

17 Education & Technology Group Inc. experienced a significant year-over-year decline in net revenues for both Q3 2025 and the first nine months of 2025, as detailed in the table below.
The company's net loss increased in Q3 2025, but it narrowed its net loss by 21.5% for the first nine months of 2025, driven by a 29.8% reduction in operating expenses.
A new C-end AI product, "Yiqi Aixue," an AI membership offering, was successfully launched, marking a new milestone in the company's AI transformation.
As of September 30, 2025, the company reported cash reserves of RMB341.9 million (US$48.0 million).

Metric	Q3 2024	Q3 2025	9M 2024	9M 2025
Net Revenues (RMB Millions)	59.6	20.0	152.6	67.1
Gross Margin (%)	60.9	51.2	37.3	48.7
Net Loss (RMB Millions)	(17.4)	(44.5)	(129.2)	(101.4)

Dec 10, 2025, 11:07 AM

6-K

17 Education & Technology Group Inc. (YQ) Reports Q3 2025 Results with Revenue Decline and New AI Product Launch

Earnings

Product Launch

New Projects/Investments

17 Education & Technology Group Inc. (YQ) reported net revenues of CNY 20 million in Q3 2025, a 66.4% year-over-year decrease, primarily due to a strategic shift from district-level projects to school-based subscription models.
The company posted a net loss of CNY 44.5 million and an adjusted net loss (non-GAAP) of CNY 38.2 million for Q3 2025.
Despite increased R&D investment for new AI products, YQ reduced operating expenses by 29.8% and narrowed its net loss by 21.5% in the first nine months of 2025.
YQ successfully launched its new AI-powered precision learning product, 17Xue, which integrates smart hardware and AI capabilities, receiving positive market feedback. The company held cash reserves of CNY 341.9 million as of September 30, 2025.

Dec 10, 2025, 1:00 AM

Transcript

YQ Reports Q3 2025 Financial Results and New AI Product Launch

Earnings

Product Launch

New Projects/Investments

YQ reported net revenues of CNY 20 million in Q3 2025, a 66.4% year-over-year decrease from CNY 59.6 million in Q3 2024, and a net loss of CNY 44.5 million for the quarter.
For the first nine months of 2025, the company reduced operating expenses by 29.8% and narrowed its net loss by 21.5%, despite increased investment in R&D to support new AI products.
YQ successfully launched its new AI membership product, 17Xue, and continues to align with the national AI+ Education Initiative, enhancing AI capabilities across its product portfolio.
As of September 30, 2025, YQ held cash reserves of CNY 341.9 million.

Dec 10, 2025, 1:00 AM

Transcript

17 Education & Technology Group Inc. Announces Q3 2025 Results and New AI Product Launch

Earnings

Product Launch

New Projects/Investments

Net revenues for Q3 2025 decreased by 66.4% year-over-year to CNY 20 million, leading to a net loss of CNY 44.5 million.
For the first nine months of 2025, the company reduced operating expenses by 29.8% and narrowed its net loss by 21.5%.
The company successfully launched 17Xue, a new AI-powered precision learning product for CEN users, which has received positive market response and robust user demand.
As of September 30, 2025, cash reserves stood at CNY 341.9 million.
The significant year-over-year decrease in Q3 2025 net revenues was primarily attributed to prioritizing school-based subscription projects, which have a longer revenue recognition period, over district-level projects.

Dec 10, 2025, 1:00 AM

Transcript

17EdTech Reports Q2 2025 Financial Results and Announces Share Repurchase Program

Earnings

Share Buyback

Product Launch

For the second quarter of 2025, 17EdTech reported net revenues of RMB 25.4 million, representing a 62.4% year-over-year decrease, primarily due to a reduction in district-level projects as resources were prioritized for school-based projects and the subscription model.
The company achieved a gross margin of 57.5% and reduced its GAAP net loss by 53.4% year-over-year to RMB 26 million.
17EdTech sustained business momentum with a 17.3% quarter-on-quarter top-line growth and continued to prioritize its school-based subscription model and district-level teaching and learning SaaS business.
The company advanced its business by optimizing and innovating AI technology, launching the "\u4e00\u8d77\u540c\u5b66" (classmates studying together) intelligent agent and upgrading AI solutions in Shanghai Minhang District.
The board of directors approved a share repurchase program on September 3, 2025, effective from September 4, 2025, authorizing the repurchase of up to $10 million of the company's ADSs and common shares over the next 12 months.

Sep 4, 2025, 1:00 AM

Transcript

17EdTech Reports Q2 2025 Results and Announces Share Repurchase Program

Earnings

Product Launch

Share Buyback

17EdTech reported net revenues of RMB 25.4 million for Q2 2025, representing a 62.4% year-over-year decrease, primarily due to the company's prioritization of school-based projects and the subscription model.
The company's gross margin significantly improved to 57.5% in Q2 2025, up from 16% in the second quarter of 2024, leading to a 53.4% year-over-year reduction in GAAP net loss to RMB 26 million.
17EdTech is strategically focusing on its school-based subscription model and district-level teaching and learning SaaS business, while continuously innovating with AI technology, including the launch of the Yiqi Tongxue intelligent agent.
As of June 30, 2025, the company held cash reserves of RMB 350.9 million.
The board of directors approved a share repurchase program on September 3, 2025, authorizing the repurchase of up to $10 million of the company's ADS and common shares over the next 12 months.