OverviewSuggest Edit

17 Education & Technology Group (17EdTech) is an education technology company. It provides a smart in-school classroom solution that delivers data-driven teaching, learning and assessment products to teachers, students and parents. Leveraging its in-school leadership, 17EdTech offers online K-12 large-class after-school tutoring services that complement students’ in-school learning.

TypePublic
Founded2012
HQBeijing, CN
Website17zuoye.com

Latest Updates

Employees (est.) (Sept 2020)2,613(+34%)
Job Openings114
Revenue (FY, 2020)$198.4 M(-51%)
Share Price (Oct 2021)$0.8(-3%)
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Key People/Management at 17 Education & Technology Group

Andy Chang Liu

Andy Chang Liu

Chief Executive Officer
Qin Wen

Qin Wen

Chief Operating Officer
Kuanghao Zhang

Kuanghao Zhang

Senior Vice President of Online After-School Tutoring
Michael Chao du

Michael Chao du

Chief Financial Officer
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17 Education & Technology Group Office Locations

17 Education & Technology Group has an office in Beijing
Beijing, CN (HQ)
16/F, Block B, Wangjing Greenland Center, Chaoyang District
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17 Education & Technology Group Financials and Metrics

17 Education & Technology Group Revenue

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17 Education & Technology Group's revenue was reported to be $198.37 m in FY, 2020
USD

Revenue (FY, 2020)

198.4m

Gross profit (FY, 2020)

(297.3m)

Gross profit margin (FY, 2020), %

(149.9%)

Net income (FY, 2020)

(1.3b)

EBIT (FY, 2020)

(204.5m)

Market capitalization (22-Oct-2021)

154.7m

Closing stock price (22-Oct-2021)

0.8

Cash (31-Dec-2020)

434.5m

EV

(192.3m)
17 Education & Technology Group's current market capitalization is $154.7 m.
Annual
CNYFY, 2018FY, 2019FY, 2020

Revenue

310.7m406.2m198.4m

Revenue growth, %

31%

Cost of goods sold

105.0m173.5m495.7m

Gross profit

205.7m232.8m(297.3m)
Quarterly
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

53.4m55.0m105.6m229.0m271.4m307.1m

Cost of goods sold

18.2m28.6m55.4m82.2m98.0m141.9m

Gross profit

35.2m26.3m50.2m146.9m173.4m165.2m

Gross profit Margin, %

66%48%48%64%64%54%
Annual
CNYFY, 2018FY, 2019FY, 2020

Cash

1.3b653.9m434.5m

Accounts Receivable

4.1m11.3m

Prepaid Expenses

31.2m50.3m32.4m

Current Assets

1.3b757.6m466.9m
Quarterly
CNYQ3, 2020

Cash

814.1m

Accounts Receivable

12.5m

Prepaid Expenses

102.9m

Current Assets

989.3m
Annual
CNYFY, 2018FY, 2019FY, 2020

Net Income

(656.1m)(963.7m)(1.3b)

Depreciation and Amortization

15.8m22.7m39.7m

Cash From Operating Activities

(418.9m)(631.3m)(80.1m)

Purchases of PP&E

(33.9m)(48.6m)(89.5m)
Quarterly
CNYQ3, 2019Q3, 2020

Net Income

(786.0m)(974.8m)

Depreciation and Amortization

16.6m28.2m

Cash From Operating Activities

(588.1m)(526.4m)

Purchases of PP&E

(38.3m)(59.9m)
USDFY, 2018

Financial Leverage

-0.5 x
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17 Education & Technology Group Operating Metrics

FY, 2018Q3, 2019FY, 2019Q3, 2020

Verified Student Users

178 m54.3 m

Verified Parent Users

45.2 m

Verified Teacher Users

900 k

Paid Course Enrollments

272 k405 k726 k1.17 m
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17 Education & Technology Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Beijing Yiqi Education & Technology Co., Ltd.
Shanghai Yiqi Zuoye Information Technology Co., Ltd.
Sunny Education (HK) Limited

17 Education & Technology Group Revenue Breakdown

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17 Education & Technology Group revenue breakdown by business segment: 11.5% from Other Educational Services and 88.5% from Online K-12 Tutoring Services

17 Education & Technology Group Online and Social Media Presence

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17 Education & Technology Group News and Updates

17 Education & Technology Group Inc. Announces Second Quarter 2021 Unaudited Financial Results and Change to Board Composition

BEIJING, Sept. 23, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, today announced its unaudited financial results for the second quart…

17 Education & Technology Group Inc. Provides Update on Regulatory Development

BEIJING, Aug. 25, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (Nasdaq: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, announced that the Shanghai local government issued the “Measures to …

17 Education & Technology Group Inc. Provides Update on New Regulations

BEIJING, July 26, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (Nasdaq: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, announced that, on July 24, 2021, China's official state media, inclu…

17 Education & Technology Group Inc. Responds to Media Reports

BEIJING, July 23, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, today noted that certain English and Chinese language media outlets r…

17 Education & Technology Group Inc. Announces First Quarter 2021 Unaudited Financial Results

BEIJING, May 24, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, today announced its unaudited financial results for the first quarter …

17 Education & Technology Group Inc. to Report First Quarter 2021 Unaudited Financial Results on May 24, 2021

BEIJING, May 17, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China with an “in-school + after-school” integrated model, today announced that it will report its unaudited financial results fo…
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17 Education & Technology Group Frequently Asked Questions

  • When was 17 Education & Technology Group founded?

    17 Education & Technology Group was founded in 2012.

  • Who are 17 Education & Technology Group key executives?

    17 Education & Technology Group's key executives are Andy Chang Liu, Qin Wen and Kuanghao Zhang.

  • How many employees does 17 Education & Technology Group have?

    17 Education & Technology Group has 2,613 employees.

  • What is 17 Education & Technology Group revenue?

    Latest 17 Education & Technology Group annual revenue is $198.4 m.

  • What is 17 Education & Technology Group revenue per employee?

    Latest 17 Education & Technology Group revenue per employee is $75.9 k.

  • Who are 17 Education & Technology Group competitors?

    Competitors of 17 Education & Technology Group include PowerSchool, Zhangmen and Kaiyuan Education Technology Group.

  • Where is 17 Education & Technology Group headquarters?

    17 Education & Technology Group headquarters is located at 16/F, Block B, Wangjing Greenland Center, Chaoyang District, Beijing.

  • Where are 17 Education & Technology Group offices?

    17 Education & Technology Group has an office in Beijing.

  • How many offices does 17 Education & Technology Group have?

    17 Education & Technology Group has 1 office.