Financial Statements — GOTU
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.60 | 1.32 | 0.09 | 0.12 | 0.73 | 0.05 | 0.07 |
| Short-term Investments | 0.39 | 0.25 | 0.32 | 0.42 | 0.44 | 1.12 | 0.21 |
| Inventory | 0.05 | 0.04 | 0.02 | 0.02 | 0.00 | 0.01 | -- |
| Total Current Assets | 3.98 | 0.50 | 0.51 | 0.60 | 0.62 | 8.46 | 0.26 |
| Property, Plant & Equipment | 1.01 | 0.67 | 0.08 | 0.55 | 0.68 | 0.70 | 0.08 |
| Goodwill | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Intangible Assets | 0.04 | 0.02 | 0.02 | 0.02 | 0.00 | 0.01 | 0.00 |
| Total Non-current Assets* | (3.09) | 5.33 | 4.91 | 0.10 | 0.17 | (6.82) | 0.23 |
| Total Assets | 0.89 | 5.83 | 5.41 | 0.71 | 0.79 | 1.64 | 0.49 |
| Accounts Payable | 1.54 | 1.25 | 0.81 | 0.66 | 0.69 | 0.20 | 0.03 |
| Short-term Debt | 0.10 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 4.25 | 3.26 | 1.97 | 0.23 | 0.28 | 0.64 | 0.24 |
| Long-term Debt | 0.03 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | (3.54) | (2.73) | (1.65) | 1.55 | 1.87 | 4.31 | 1.60 |
| Total Liabilities | 0.71 | 0.53 | 0.32 | 1.78 | 2.14 | 4.96 | 1.84 |
| Retained Earnings | (6.20) | (5.88) | (0.68) | (0.70) | (0.75) | (1.71) | (0.04) |
| Total Stockholder Equity | 1.25 | 0.26 | 0.44 | 0.45 | 0.45 | 0.88 | 1.56 |
* Derived from reported values
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 6.15 | 4.55 | 2.96 | 2.50 | 1.03 | 1.09 | 0.30 |
| Cost of Revenue | 0.29 | 1.45 | 0.79 | 0.70 | 0.38 | 1.76 | 0.08 |
| Gross Profit | 0.59 | 3.10 | 0.31 | 0.26 | 4.16 | 5.36 | 1.58 |
| Research & Development | 0.09 | 0.09 | 0.46 | 0.45 | 1.25 | 0.73 | 0.03 |
| Selling, General & Admin | 0.10 | 0.67 | 0.36 | 0.04 | 0.11 | 0.09 | 0.11 |
| Total Operating Expenses | 4.65 | 0.59 | 2.32 | 0.28 | 1.15 | 7.12 | 0.20 |
| Operating Income | (0.50) | (1.18) | (0.02) | (0.12) | (3.18) | (0.27) | 0.03 |
| Pretax Income | (0.33) | (1.04) | 0.01 | -0.00 | (0.48) | (0.22) | 0.24 |
| Tax Provision | -0.00 | 0.01 | 0.01 | -0.00 | 0.04 | (0.01) | 0.02 |
| Net Income | (0.32) | (1.05) | -0.00 | 0.01 | (3.10) | (0.21) | 0.23 |
| Basic EPS | (0.28) | (6.12) | (0.04) | 0.01 | (18.17) | (8.72) | 0.20 |
| Diluted EPS | (1.98) | (6.12) | (0.01) | 0.07 | (2.85) | (8.72) | 1.35 |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 59.50 | 258.01 | 49.82 | 7.91 | (656.84) | 92.46 | 184.59 |
| Capital Expenditures | 169.50 | 178.22 | 5.75 | 2.75 | 272.32 | 43.54 | 61.27 |
| Free Cash Flow* | (110.00) | 79.79 | 44.07 | 5.16 | (929.17) | 48.92 | 123.32 |
| Investing Cash Flow | (117.08) | 620.82 | (59.72) | (22.96) | 4,812.50 | (857.67) | (2,504.57) |
| Financing Cash Flow | (214.14) | (205.30) | (90.48) | 0.00 | (100.61) | 5,272.10 | 178.99 |
* Derived from reported values
