AACG · XBRL financial data

ATA Creativity Global financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (AACG's year ends in late December)

In thousands of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	162,168	202,209	206,821	221,619	268,060	268,113
Cost of revenue	98,521	97,414	104,316	106,962	126,795	137,802
Gross profit	63,647	104,796	102,505	114,657	141,265	130,311
Research and development	8,832	11,802	6,791	4,630	3,703	3,072
General and administrative	100,098	93,256	77,052	72,817	80,888	78,767
Total operating expenses	171,455	171,207	159,108	156,184	184,484	194,598
Other operating income (expense)	—	—	17	31	175	176
Operating income (loss)	(107,478)	(66,389)	(56,587)	(41,496)	(43,044)	(64,111)
Other income (expense)	(3,375)	28,440	2,071	974	545	12,485
Income tax expense (benefit)	(10,269)	(1,540)	(5,921)	(6,812)	(6,402)	(3,578)
Net income (loss)	(92,198)	(33,650)	(47,893)	(33,660)	(36,098)	(48,047)
Earnings per share, basic CNY per share	(1.57)	(0.57)	(0.76)	(0.54)	(0.57)	(0.76)
Earnings per share, diluted CNY per share	(1.57)	(0.57)	(0.76)	(0.54)	(0.57)	(0.76)
Weighted average shares, diluted thousands of shares	62,660	62,748	62,754	62,790	62,978	63,407

Fiscal years (AACG's year ends in late December)

In thousands of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	112,723	71,339	54,980	60,167	36,524	85,236
Accounts receivable	2,245	938	5,852	2,235	2,713	298
Prepaid and other current assets	5,971	3,130	4,430	8,042	27,403	25,832
Total current assets	120,940	75,407	65,263	70,445	66,640	111,367
Property and equipment, net	38,119	36,504	32,761	30,236	38,698	32,140
Right-of-use asset	41,779	42,417	37,617	23,391	35,908	30,639
Goodwill	194,755	194,755	196,289	196,289	196,289	162,381
Total assets	575,621	507,175	474,465	448,939	456,927	408,298
Accrued liabilities	47,020	48,174	55,905	49,146	56,373	56,494
Current portion of long-term debt thousands of USD	—	—	—	—	—	143
Total current liabilities	274,884	267,979	292,543	314,403	354,495	344,579
Long-term debt thousands of USD	—	—	—	—	—	2,150
Lease liability, non-current	24,006	23,366	19,529	9,496	17,121	14,617
Total liabilities	327,875	316,276	330,951	335,965	377,281	376,315
Accumulated deficit	(298,534)	(310,156)	(358,049)	(391,709)	(427,807)	(475,854)
Total stockholders' equity	198,405	187,769	143,099	113,038	79,710	32,047
Total liabilities and equity	575,621	507,175	474,465	448,939	456,927	408,298
Common shares outstanding (cover page) thousands of shares	63,304	63,247	63,244	64,000	63,996	63,912

Fiscal years (AACG's year ends in late December)

In thousands of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(92,198)	(33,650)	(47,893)	(33,660)	(36,098)	(48,047)
Stock-based compensation	1,777	1,040	1,460	3,068	2,812	570
Depreciation and amortization	29,914	23,025	22,591	21,984	24,226	21,499
Net cash from operating activities	(27,873)	(31,834)	(14,614)	8,751	(3,345)	(15,839)
Purchases of property and equipment	4,910	4,452	1,618	2,240	20,025	1,281
Net cash from investing activities	(19,090)	(10,029)	(2,490)	(3,966)	(20,257)	48,705
Share repurchases	4,004	—	—	—	—	—
Proceeds from long-term debt thousands of USD	—	—	—	—	—	5,300
Repayments of long-term debt thousands of USD	—	—	—	—	—	3,008
Net cash from financing activities	6,304	828	188	403	(94)	16,341
Net change in cash	(41,474)	(41,384)	(16,359)	5,187	(23,643)	48,712

SIC 8200 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 8200 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
ATA Creativity Global	85,236	year only	year only	63.9M	—	Q4 FY25 20-FDec 31, 2025
NP Life Sciences Health Industry Group	71	10*	(14)*	43.0M	5.1 quarters	Q4 FY23 10-KDec 31, 2023
Afya	1,125,381	year only	year only	not reported	—	Q4 FY25 20-FDec 31, 2025
Ambow Education Holding	4,469	2,393	1,067*	not reported	—	Q2 FY26 10-QJun 30, 2026
American Public Education	146,548	171,731	12,137*	18.3M	—	Q2 FY26 10-QJun 30, 2026
Aspen Group	1,604	15,574	(1,830)*	25.5M	0.9 quarters	Q3 FY23 10-QJan 31, 2023
Covista	222,223	511,534	114,038	33.3M	—	Q1 FY27 10-QSep 30, 2026
Bright Scholar Education Holdings	493,377	year only	year only	118.7M	—	Q4 FY24 20-FAug 31, 2024
Boxlight	4,302	25,918	(2,423)*	667,393	1.8 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.