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TAL

TAL Education Group

TAL

TAL Education Group • NYSE
$11.00 ▼ -0.54% (-0.06)
Market Cap $20.08 B
52w High $15.30
52w Low $8.50
Dividend Yield 0%
P/E 39.29
Volume 1.84M
Outstanding Shares 1.83B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $861.353M ▲ $394.916M ▲ $124.084M ▲ 14.406% ▲ $0.073 ▲ $96.097M ▲
Q1-2026 $576.526M ▼ $302.694M ▼ $31.365M ▲ 5.44% ▲ $0.017 ▲ $42.653M ▲
Q4-2025 $610.239M ▲ $333.608M ▼ $-7.311M ▼ -1.198% ▼ $-0.012 ▼ $11.766M ▼
Q3-2025 $606.446M ▼ $337.189M ▲ $23.069M ▼ 3.804% ▼ $0.037 ▼ $22.209M ▼
Q2-2025 $619.361M $301.107M $57.431M 9.273% $0.093 $55.09M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $3.249B ▼ $5.453B ▼ $2.017B ▼ $3.436B ▼
Q1-2026 $3.731B ▲ $5.715B ▲ $2.145B ▲ $3.57B ▼
Q4-2025 $3.618B ▼ $5.503B ▼ $1.737B ▼ $3.767B ▼
Q3-2025 $3.836B ▲ $5.789B ▲ $2.025B ▲ $3.773B ▲
Q2-2025 $3.454B $5.341B $1.592B $3.758B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $124.084M ▲ $-58.095M ▼ $563.331M ▲ $-281.885M ▼ $223.023M ▲ $-58.095M ▼
Q1-2026 $31.282M ▲ $347.785M ▲ $-527.309M ▼ $-254.104M ▼ $-433.345M ▲ $347.785M ▲
Q4-2025 $-7.311M ▼ $-226.332M ▼ $-314.289M ▼ $-55.104M ▼ $-596.723M ▼ $-226.332M ▼
Q3-2025 $0 ▼ $378.038M ▲ $-214.435M ▼ $48.731M ▲ $207.5M ▲ $378.038M ▲
Q2-2025 $57.431M $-576K $-193.669M $-6.799M $-197.468M $-576K

Revenue by Products

Product Q1-2021Q3-2021Q4-2021Q3-2022
Online education services through wwwxueersicom
Online education services through wwwxueersicom
 $0 ▲$0 ▲$0 ▲$1.34Bn ▲
Small class learning services personalized premium services and others
Small class learning services personalized premium services and others
 $0 ▲$0 ▲$0 ▲$3.05Bn ▲
Online Education Services Through Website
Online Education Services Through Website
 $620.00M ▲$1.27Bn ▲$660.00M ▼$0 ▼
Service
Service
 $0 ▲$3.22Bn ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement TAL’s income statement shows a company that has been rebuilding after a major shock. Revenue fell sharply a few years ago when regulations hit the tutoring industry, but has been growing again at a healthy pace more recently. Gross profit has improved alongside this, suggesting the new business mix is gaining traction. That said, operating results are still thin: core operations are only just around breakeven, and profitability is fragile. The recent return to net profit is encouraging, but it rests on narrow margins and a business model that is still in transition, so earnings may remain volatile.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively clean after a period of restructuring. Total assets are much lower than several years ago, reflecting business downsizing and write‑offs, but the company still holds a sizeable cash cushion. Debt has been reduced dramatically and now appears modest compared with cash, which implies low financial leverage and limited refinancing pressure. Shareholders’ equity has come down but remains solid, indicating the company absorbed past losses without overburdening the balance sheet. Overall, TAL now looks financially sturdier, with more flexibility and less balance‑sheet risk than before the regulatory reset.

Cash Flow

Cash Flow Cash flow tells a story of disruption followed by gradual repair. A few years ago, operating cash flow swung deeply negative as the old tutoring model was dismantled. Since then, cash generation from operations has recovered and is now solidly positive again, showing that the new lines of business are bringing in real cash, not just accounting profits. Capital spending has stayed relatively moderate, so free cash flow has turned positive as well. In practical terms, TAL is once again funding its investments from its own operations rather than relying heavily on external financing, which supports financial resilience if growth remains on track.

Competitive Edge

Competitive Edge TAL operates in a fiercely competitive and tightly regulated education market in China. Its main strengths are a long‑standing, trusted brand, a very large library of high‑quality educational content, and extensive data on how students learn. The company is also building a differentiated position by embedding proprietary AI into its offerings, which can make learning more personalized and sticky for users. However, it faces competition from both traditional education providers and large technology platforms moving into digital learning, all under the watchful eye of regulators. The overall picture is of a credible, well‑known player with real advantages, but operating in a crowded field where strategy and regulatory alignment are critical.

Innovation and R&D

Innovation and R&D Innovation is now at the center of TAL’s strategy. The company has invested heavily in its own AI models, most notably MathGPT, which is tailored for mathematics and trained on its long history of student data. TAL is integrating this AI into smart tablets, learning pads for younger children, and online platforms, turning content and data into a connected learning ecosystem. It also runs a dedicated AI research unit that works on speech, vision, and language technologies for education, suggesting a long‑term commitment rather than one‑off experiments. The upside is the potential to create highly distinctive, scalable products; the trade‑off is ongoing high R&D spending and execution risk if adoption is slower than hoped.

Summary

TAL Education Group is in the midst of a second act: shifting from traditional tutoring to AI‑driven smart learning solutions. Financially, the company has moved from steep disruption toward recovery, with revenue growing again, profits returning, and cash flow improving, though margins remain thin and results could still be choppy. Its balance sheet is relatively strong, with plenty of cash and low debt, giving management room to keep investing in new products. Competitively, TAL combines a strong brand, deep content, and large datasets with proprietary AI, which could support a durable position if it continues to execute well. The main uncertainties lie in regulatory developments, the intensity of competition in ed‑tech and devices, and the challenge of turning impressive innovation into consistently stable, scalable earnings over time.

NEWS

October 30, 2025 · 5:00 AM UTC

TAL Education Group Announces Unaudited Financial Results for the Second Fiscal Quarter Ended August 31, 2025 and Issues Notice of Annual General Meeting

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October 14, 2025 · 5:00 AM UTC

TAL Education Group to Announce Second Quarter of Fiscal Year 2026 Financial Results on October 30, 2025

Read more