17 Education & Technology (YQ) Operating Expenses (2019 - 2025)

17 Education & Technology (YQ) recorded quarterly Operating Expenses of -$10.4 million in Q4 2025, down 29.74% quarter-over-quarter from -$8.0 million in Q3 2025, and up 6.97% on a YoY basis from -$9.7 million in Q4 2024.

17 Education & Technology (YQ) Operating Expenses (2019 - 2025) Analysis & Trends

17 Education & Technology's Operating Expenses history runs 7 years deep, the most recent figure standing at -$10.4 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 6.97% year-over-year to -$10.4 million; the TTM figure through Dec 2025 stood at -$30.1 million (up 23.25% YoY), while the FY2025 annual figure was $30.6 million, down 21.01% from the prior year.
  • Operating Expenses was -$10.4 million for Q4 2025 at 17 Education & Technology, down from -$8.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$5.7 million in Q1 2025 to a low of -$145.5 million in Q1 2021.
  • Historically, Operating Expenses has averaged -$31.9 million across 5 years, with a median of -$14.8 million in 2023.
  • The sharpest annual moves came in 2021 and 2022: Operating Expenses slumped 171.02% in 2021, then surged 85.76% in 2022.
  • A 5-year view of Operating Expenses shows it stood at -$59.7 million in 2021, then jumped by 65.75% to -$20.4 million in 2022, then increased by 15.34% to -$17.3 million in 2023, then surged by 35.58% to -$11.1 million in 2024, then gained by 6.97% to -$10.4 million in 2025.
  • The last three Operating Expenses figures came in at -$10.4 million (Q4 2025), -$8.0 million (Q3 2025), and -$6.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 51Talk Online Education 7.64 Bn 7.60 Bn 22.18 Mn -27.37 Mn
2 Graham Holdings 4.92 Bn 3.91 Bn 841.00 Mn 1.18 Bn
3 Laureate Education 4.86 Bn 4.70 Bn -16.39 Mn 11.13 Mn
4 Covista 4.36 Bn 4.35 Bn 276.31 Mn 395.69 Mn
5 Stride 4.16 Bn 3.36 Bn 231.57 Mn 102.49 Mn
6 Grand Canyon Education 3.97 Bn 3.72 Bn 244.77 Mn 213.30 Mn
7 Universal Technical Institute 2.35 Bn 2.19 Bn 103.97 Mn 221.06 Mn
8 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 158.62 Mn
9 Strategic Education 1.76 Bn 1.60 Bn - 154.77 Mn
10 17 Education & Technology 169.55 Mn 112.18 Mn 2.57 Mn -10.37 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -10.37 Mn
Sep 30, 2025 -7.99 Mn
Jun 30, 2025 -6.01 Mn
Mar 31, 2025 -5.75 Mn
Dec 31, 2024 -11.15 Mn
Sep 30, 2024 -8.26 Mn
Jun 30, 2024 -9.77 Mn
Mar 31, 2024 -10.07 Mn
Dec 31, 2023 -17.30 Mn
Sep 30, 2023 -14.13 Mn
Jun 30, 2023 -12.59 Mn
Mar 31, 2023 -15.48 Mn
Dec 31, 2022 -20.44 Mn
Sep 30, 2022 -16.94 Mn
Jun 30, 2022 -15.50 Mn
Mar 31, 2022 -26.94 Mn
Dec 31, 2021 -59.67 Mn
Sep 30, 2021 -115.42 Mn
Jun 30, 2021 -108.83 Mn
Mar 31, 2021 -145.48 Mn