Sunlands Technology (STG) Operating Expenses (2017 - 2026)

Sunlands Technology's Operating Expenses history runs 9 years deep, the most recent figure standing at -$43.3 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 11.45% year-over-year to -$43.3 million; the TTM figure through Dec 2025 stood at -$136.7 million (up 28.7% YoY), while the FY2025 annual figure was $197.2 million, up 4.7% from the prior year.
• Operating Expenses for Q4 2025 stood at -$43.3 million, up from -$45.6 million in the prior quarter.
• The five-year high for Operating Expenses was -$43.3 million in Q4 2025, with the low at -$101.8 million in Q1 2021.
• The 5-year median for Operating Expenses is -$48.7 million (2022), against an average of -$54.6 million.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses dropped 26.9% in 2021, then soared 46.39% in 2022.
• Sunlands Technology's Operating Expenses stood at -$62.8 million in 2021, then advanced by 22.5% to -$48.7 million in 2022, then dropped by 20.51% to -$58.7 million in 2023, then climbed by 16.69% to -$48.9 million in 2024, then advanced by 11.45% to -$43.3 million in 2025.
• Business Quant data shows STG's Operating Expenses at -$43.3 million in Q4 2025, -$45.6 million in Q3 2025, and -$47.8 million in Q2 2025.