Sunlands Technology (STG) Cost of Revenue (2017 - 2025)

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 was $8.9 million for Q4 2025 at Sunlands Technology, up from $8.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $16.2 million in Q1 2021 to a low of $8.5 million in Q3 2025.
• Historically, Cost of Revenue has averaged $11.5 million across 5 years, with a median of $10.9 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue tumbled 37.64% in 2023, then jumped 33.08% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $14.0 million in 2021, then retreated by 22.17% to $10.9 million in 2022, then fell by 6.16% to $10.2 million in 2023, then gained by 11.02% to $11.4 million in 2024, then dropped by 21.87% to $8.9 million in 2025.
• The last three Cost of Revenue figures came in at $8.9 million (Q4 2025), $8.5 million (Q3 2025), and $9.7 million (Q2 2025), per Business Quant data.