Financial Statements — TAL
Balance Sheet
(in billions USD)| Metric | FY
2026 | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 1.52 | 1.77 | 2.21 | 2.02 | 1.18 | 1.75 | 1.87 | 1.25 |
| Short-term Investments | 1.72 | 1.85 | 1.09 | 1.15 | 1.07 | 2.69 | 0.35 | 0.27 |
| Accounts Receivable | 0.07 | 0.09 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 |
| Inventory | 0.14 | 0.10 | 0.07 | 0.04 | 0.02 | 0.04 | 0.03 | 0.01 |
| Total Current Assets | 3.84 | 4.13 | 3.70 | 3.47 | 3.63 | 8.16 | 2.50 | 1.75 |
| Property, Plant & Equipment | 0.50 | 0.47 | 0.41 | 0.29 | 0.28 | 0.51 | 0.37 | 0.29 |
| Goodwill | 0.05 | -- | -- | -- | -- | 0.45 | 0.38 | 0.41 |
| Intangible Assets | 0.05 | -- | 0.00 | 0.00 | 0.00 | 0.07 | 0.06 | 0.07 |
| Total Non-current Assets* | 2.09 | 1.38 | 1.23 | 1.26 | 1.45 | 3.96 | 3.08 | 1.99 |
| Total Assets | 5.94 | 5.50 | 4.93 | 4.72 | 5.08 | 12.11 | 5.57 | 3.74 |
| Accounts Payable | 0.15 | 0.15 | 0.13 | 0.06 | 0.09 | 0.35 | 0.12 | 0.11 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.21 |
| Total Current Liabilities | 1.77 | 1.44 | 1.08 | 0.78 | 0.90 | 3.37 | 1.81 | 1.18 |
| Long-term Debt | -- | -- | -- | -- | -- | 0.26 | 0.26 | 0.00 |
| Total Non-current Liabilities* | 0.40 | 0.30 | 0.21 | 0.12 | 0.18 | 3.53 | 1.22 | 0.02 |
| Total Liabilities | 2.16 | 1.74 | 1.29 | 0.90 | 1.08 | 6.91 | 3.03 | 1.20 |
| Retained Earnings | (0.13) | (0.62) | (0.69) | (0.69) | (0.54) | 0.62 | 0.79 | 0.92 |
| Total Stockholder Equity | 3.77 | 3.77 | 3.66 | 3.84 | 4.03 | 5.20 | 2.52 | 2.48 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | FY
2026 | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 3.01 | 2.25 | 1.49 | 1.02 | 4.39 | 4.50 | 3.27 | 2.56 |
| Cost of Revenue | 1.34 | 1.05 | 0.68 | 0.44 | 2.20 | 2.05 | 1.47 | 1.16 |
| Gross Profit | 1.67 | 1.20 | 0.81 | 0.58 | 2.19 | 2.45 | 1.80 | 1.40 |
| Selling, General & Admin | 0.50 | 0.46 | 0.43 | 0.41 | 1.20 | 1.12 | 0.79 | 0.58 |
| Total Operating Expenses | 1.39 | 1.21 | 0.89 | 0.70 | 2.82 | 2.90 | 1.68 | 1.06 |
| Operating Income | 0.28 | -0.00 | (0.07) | (0.09) | (0.61) | (0.44) | 0.14 | 0.34 |
| Interest Expense | -- | -- | -- | -- | 0.01 | 0.02 | 0.01 | 0.02 |
| Pretax Income | 0.69 | 0.13 | 0.02 | (0.11) | (0.78) | (0.22) | (0.05) | 0.46 |
| Tax Provision | 0.15 | 0.04 | 0.02 | 0.02 | 0.40 | (0.07) | 0.07 | 0.08 |
| Net Income | 0.53 | 0.08 | -0.00 | (0.14) | (1.14) | (0.12) | (0.11) | 0.37 |
| Basic EPS | 2.79 | 0.42 | (0.02) | (0.64) | (5.29) | (0.57) | (0.56) | 1.93 |
| Diluted EPS | 2.75 | 0.41 | (0.02) | (0.64) | (5.29) | (0.57) | (0.56) | 1.83 |
Cash Flow Statement
(in billions USD)| Metric | FY
2026 | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 0.60 | 0.40 | 0.31 | 0.01 | (0.94) | 0.95 | 0.86 | 0.19 |
| Capital Expenditures | 0.09 | 0.11 | 0.11 | 0.11 | 0.25 | 0.25 | 0.18 | 0.14 |
| Free Cash Flow* | 0.51 | 0.29 | 0.19 | (0.10) | (1.19) | 0.71 | 0.68 | 0.06 |
| Investing Cash Flow | (0.18) | (0.85) | 0.10 | (0.30) | 1.37 | (2.64) | (0.34) | (0.17) |
| Financing Cash Flow | (0.64) | (0.01) | (0.23) | (0.07) | (2.77) | 4.79 | 0.13 | 0.48 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | FY
2020 |
|---|
| Dividends Per Share | 0.25 |
