Sunlands Technology (STG) Cost of Revenue (2017 - 2025)
Sunlands Technology (STG) posted quarterly Cost of Revenue of $8.9 million for Q4 2025, down 21.87% year-over-year from $11.4 million in Q4 2024, and up 4.87% quarter-over-quarter from $8.5 million in Q3 2025.
Sunlands Technology (STG) Cost of Revenue (2017 - 2025) Analysis & Trends
Sunlands Technology's Cost of Revenue history runs 9 years deep, the most recent figure standing at $8.9 million for Q4 2025.
- In Q4 2025, Cost of Revenue fell 21.87% year-over-year to $8.9 million; the TTM figure through Dec 2025 stood at $38.5 million (down 13.21% YoY), while the FY2025 annual figure was $37.8 million, down 13.09% from the prior year.
- Cost of Revenue for Q4 2025 stood at $8.9 million, up from $8.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $16.2 million in Q1 2021, with the low at $8.5 million in Q3 2025.
- The 5-year median for Cost of Revenue is $10.9 million (2022), against an average of $11.5 million.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue slumped 37.64% in 2023, then soared 33.08% in 2024.
- Sunlands Technology's Cost of Revenue stood at $14.0 million in 2021, then fell by 22.17% to $10.9 million in 2022, then declined by 6.16% to $10.2 million in 2023, then rose by 11.02% to $11.4 million in 2024, then slipped by 21.87% to $8.9 million in 2025.
- Business Quant data shows STG's Cost of Revenue at $8.9 million in Q4 2025, $8.5 million in Q3 2025, and $9.7 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 82.68 Bn | 81.02 Bn | 812.22 Mn | 717.31 Mn |
| 2 | Laureate Education | 5.15 Bn | 4.99 Bn | 237.67 Mn | 378.20 Mn |
| 3 | Graham Holdings | 5.00 Bn | 3.79 Bn | 777.03 Mn | 525.48 Mn |
| 4 | Covista | 4.48 Bn | 4.48 Bn | 284.63 Mn | 216.75 Mn |
| 5 | Youdao | 4.15 Bn | 4.08 Bn | 87.31 Mn | 108.11 Mn |
| 6 | Grand Canyon Education | 3.81 Bn | 3.54 Bn | 204.08 Mn | 59.96 Mn |
| 7 | Stride | 3.47 Bn | 2.51 Bn | 217.28 Mn | 418.78 Mn |
| 8 | McGraw Hill | 2.59 Bn | 2.34 Bn | 388.89 Mn | 74.83 Mn |
| 9 | TAL Education | 2.14 Bn | -1,233.59 Bn | 227.32 Mn | 202.24 Mn |
| 10 | Sunlands Technology | 45.81 Mn | -35.72 Mn | 58.35 Mn | 8.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.89 Mn |
| Dec 31, 2025 | 8.89 Mn |
| Sep 30, 2025 | 8.47 Mn |
| Sep 30, 2025 | 8.47 Mn |
| Jun 30, 2025 | 9.72 Mn |
| Jun 30, 2025 | 9.72 Mn |
| Dec 31, 2024 | 11.37 Mn |
| Dec 31, 2024 | 11.37 Mn |
| Sep 30, 2024 | 11.70 Mn |
| Sep 30, 2024 | 11.70 Mn |
| Jun 30, 2024 | 10.54 Mn |
| Jun 30, 2024 | 10.54 Mn |
| Mar 31, 2024 | 10.69 Mn |
| Mar 31, 2024 | 10.69 Mn |
| Dec 31, 2023 | 10.24 Mn |
| Dec 31, 2023 | 10.24 Mn |
| Sep 30, 2023 | 8.79 Mn |
| Sep 30, 2023 | 8.79 Mn |
| Jun 30, 2023 | 8.49 Mn |
| Jun 30, 2023 | 8.49 Mn |