)

Sunlands Technology Group (STG) investor relations material
Sunlands Technology Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenues for Q2 2025 rose 9.5% year-over-year to RMB 539 million, driven by demand, expanded course offerings, and a strategic shift to interest-based courses now comprising 77.6% of total revenues.
Net income surged to RMB 126.6 million, up 54% year-over-year, with net margin expanding to 23.5% from 16.7% in Q2 2024.
Gross profit increased by 12.9% to RMB 469.4 million, reflecting cost optimization and improved operating leverage.
Deferred revenue decreased to RMB 814.3 million as of June 30, 2025, from RMB 916.5 million at year-end 2024.
Positive operating cash flow has been maintained for eight consecutive quarters, supporting innovation and growth.
Financial highlights
Net revenues for Q2 2025: RMB 539 million, up from RMB 492.2 million in Q2 2024.
Gross profit: RMB 469.4 million, up 12.9% year-over-year.
Net income: RMB 126.6 million, with basic and diluted net income per share at RMB 18.75.
Gross billings (non-GAAP): RMB 400.3 million, up from RMB 383.9 million year-over-year.
Cash, cash equivalents, and restricted cash totaled RMB 586.7 million as of June 30, 2025.
Outlook and guidance
Q3 2025 net revenues expected between RMB 500 million and RMB 520 million, representing 1.8% to 5.8% year-over-year growth.
Guidance reflects current market and operating conditions, subject to substantial uncertainty.
Company plans to deepen AI integration and expand personalized, outcome-driven learning solutions.
Next Sunlands Technology Group earnings date

Next Sunlands Technology Group earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage