17 EDUCATION & TECHNOLOGY GROUP INC. - Annual Financials - Balance Sheet (SEC)

Updated on January 3, 2026.

Related Topics: SEC Topic List.

Data Source: SEC.

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17 EDUCATION & TECHNOLOGY GROUP INC. - Annual Balance Sheet (In Thousands of USD, Except Per Share Amounts)

Breakdown	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	234144	306929	707895
Restricted cash	49	0	10231
Term deposits	61885	110847
Accounts receivable, net of allowances of RMB8,397 and RMB21,082 as of December 31, 2023 and 2024, respectively	9192	59206
Prepaid expenses and other current assets, net of allowances of RMB6,290 and RMB5,919 as of December 31, 2023 and 2024, respectively	187	3911
Total current assets	508911	630726
Property and equipment, net	26410	32013
Right-of-use assets	11768	14755
Other non-current assets	2428	1780
TOTAL ASSETS	549517	684526
TOTAL LIABILITIES	109789	190257
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of RMB31,272 and RMB20,176 as of December 31, 2023 and 2024, respectively)	498	4472
Deferred revenue and customer advances (including deferred revenue and customer advances of the consolidated VIEs without recourse to the Group of RMB42,768 and RMB40,198 as of December 31, 2023 and 2024, respectively)	40397	44949	42385
Operating lease liabilities, current (including operating lease liabilities, current of the consolidated VIEs without recourse to the Group of RMB5,781 and RMB4,758 as of December 31, 2023 and 2024, respectively)	931	5781
Total current liabilities	20772	180597
Operating lease liabilities, non-current (including operating lease liabilities, non-current of the consolidated VIEs without recourse to the Group of RMB6,530 and RMB3,171 as of December 31, 2023 and 2024, respectively)	4261	9660
Ordinary shares	241	305
Treasury stock	34	97
Additional paid-in capital	11070615	10987407
Accumulated other comprehensive income	86410	77363
Accumulated deficit	-1474617	-10570747
Commitments and Contingencies (Note 14)	0	0
TOTAL SHAREHOLDERS' EQUITY	393639	494269	758863
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	75284	1212547
Allowance for account receivable	21082	8397	1609
Allowance for prepaid expenses and other current assets	5919	6290
Accrued expenses and other current liabilities	498	4472
Deferred revenue and customer advances	40397	44949	42385
Operating lease liabilities, current	931	5781
Operating lease liabilities, non-current	4261	9660
Common stock, par value	0	0
Common stock, shares authorized	158453.168	1300000
Common stock, shares issued	116906.336	58453.168
Common stock, shares outstanding	116906.336	58453.168