Sunlands Technology (STG) Operating Expenses (2017 - 2025)

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 was -$43.3 million for Q4 2025 at Sunlands Technology, up from -$45.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$43.3 million in Q4 2025 to a low of -$101.8 million in Q1 2021.
• Historically, Operating Expenses has averaged -$54.6 million across 5 years, with a median of -$48.7 million in 2022.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses declined 26.9% in 2021, then jumped 46.39% in 2022.
• A 5-year view of Operating Expenses shows it stood at -$62.8 million in 2021, then climbed by 22.5% to -$48.7 million in 2022, then declined by 20.51% to -$58.7 million in 2023, then grew by 16.69% to -$48.9 million in 2024, then climbed by 11.45% to -$43.3 million in 2025.
• The last three Operating Expenses figures came in at -$43.3 million (Q4 2025), -$45.6 million (Q3 2025), and -$47.8 million (Q2 2025), per Business Quant data.