Sunlands Technology (STG) Cost of Revenue (2017 - 2026)

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.