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Edge28 Nov 2025
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Sunlands Technology Group (STG) investor relations material
Sunlands Technology Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Net revenue reached RMB 523 million (US$73.5 million) in Q3 2025, up 6.5% year-over-year, with net income surging 40.5% to RMB 125.4 million (US$17.6 million), reflecting strong profitability and business resilience.
Gross profit increased 13.1% to RMB 462.7 million, and net income margin improved to 24% from 18.2% a year ago.
Strategic focus on high-margin, demand-driven course categories and quality-driven growth, especially in senior learning and interest-based courses, drove profitability and operating leverage.
AI-driven platform enhancements and industry collaborations are deepening user engagement and operational efficiency.
Financial highlights
Net revenues increased 6.5% year-over-year to RMB 523 million, driven by interest-based courses.
Gross profit rose 13.1% to RMB 462.7 million, with cost of revenues down 26.5% to RMB 60.3 million.
Net income was RMB 125.4 million, up from RMB 89.3 million a year ago; net margin expanded to 24%.
Basic and diluted net income per share was RMB 18.64 (US$2.62).
Gross billings (non-GAAP) were RMB 349.2 million, down from RMB 360.3 million year-over-year.
Outlook and guidance
Q4 2025 net revenues expected between RMB 440 million and RMB 460 million, representing a 4.9%-9% year-over-year decrease.
Guidance reflects current market conditions and preliminary estimates of demand.
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Next Sunlands Technology Group earnings date
Q4 202527 Mar, 2026
Next Sunlands Technology Group earnings date
Q4 202527 Mar, 2026
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Sunlands Technology Group is an online education company providing adult learning services in China. It offers professional certification courses, academic degree programs, and personal development training through digital platforms. The company is headquartered in Beijing, China, and its shares are listed on the NYSE.
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