TAL Education Group Announces Unaudited Financial Results for the First Fiscal Quarter Ended May 31, 2024
TAL Education Group (NYSE: TAL), a smart learning solutions provider in China, announced its unaudited financial results for the first fiscal quarter ended May 31, 2024. Key highlights include:
Net revenues of US$414.2 million, up 50.4% from the prior year's US$275.4 million. Loss from operations was US$17.3 million, a significant improvement from the US$57.8 million loss in the prior year. On a Non-GAAP basis, income from operations was US$0.9 million, compared to a US$32.3 million loss previously. Net income attributable to TAL was US$11.4 million, shifting from a net loss of US$45.0 million. Non-GAAP net income was US$29.6 million, compared to a US$19.5 million loss. Basic and diluted net income per ADS was US$0.02, while non-GAAP basic and diluted net income per ADS was US$0.05.
Cash, cash equivalents, and short-term investments totaled US$3,418.6 million, up from US$3,303.3 million as of February 29, 2024. Deferred revenue was US$641.9 million, an increase from US$428.3 million.
TAL Education Group (NYSE: TAL), un fornitore di soluzioni di apprendimento intelligente in Cina, ha annunciato i suoi risultati finanziari non auditati per il primo trimestre fiscale chiuso il 31 maggio 2024. I punti salienti includono:
Ricavi netti di 414,2 milioni di dollari USA, in aumento del 50,4% rispetto ai 275,4 milioni di dollari dell'anno precedente. Perdita operativa di 17,3 milioni di dollari USA, con un significativo miglioramento rispetto alla perdita di 57,8 milioni di dollari dell'anno precedente. Su base Non-GAAP, il reddito operativo 猫 stato di 0,9 milioni di dollari USA, rispetto a una perdita di 32,3 milioni di dollari in precedenza. Utile netto attribuibile a TAL 猫 stato di 11,4 milioni di dollari USA, passando da una perdita netta di 45,0 milioni di dollari. L'utile netto Non-GAAP 猫 stato di 29,6 milioni di dollari, rispetto a una perdita di 19,5 milioni di dollari. L'utile netto per ADS di base e diluito 猫 stato di 0,02 dollari USA, mentre l'utile netto di base e diluito Non-GAAP per ADS 猫 stato di 0,05 dollari USA.
Liquidit脿, equivalenti di liquidit脿 e investimenti a breve termine hanno totalizzato 3.418,6 milioni di dollari USA, in aumento rispetto ai 3.303,3 milioni di dollari al 29 febbraio 2024. I ricavi differiti ammontavano a 641,9 milioni di dollari USA, in aumento rispetto ai 428,3 milioni di dollari.
TAL Education Group (NYSE: TAL), un proveedor de soluciones de aprendizaje inteligente en China, anunci贸 sus resultados financieros no auditados para el primer trimestre fiscal que termin贸 el 31 de mayo de 2024. Los aspectos destacados incluyen:
Ingresos netos de 414,2 millones de d贸lares estadounidenses, un aumento del 50,4% con respecto a los 275,4 millones de d贸lares del a帽o anterior. P茅rdida de operaciones de 17,3 millones de d贸lares estadounidenses, una mejora significativa respecto a la p茅rdida de 57,8 millones de d贸lares del a帽o anterior. En una base Non-GAAP, el ingreso de operaciones fue de 0,9 millones de d贸lares estadounidenses, comparado con una p茅rdida de 32,3 millones de d贸lares previamente. Ingreso neto atribuible a TAL fue de 11,4 millones de d贸lares estadounidenses, cambiando de una p茅rdida neta de 45,0 millones de d贸lares. El ingreso neto Non-GAAP fue de 29,6 millones de d贸lares, en comparaci贸n con una p茅rdida de 19,5 millones de d贸lares. El ingreso neto b谩sico y diluido por ADS fue de 0,02 d贸lares estadounidenses, mientras que el ingreso neto b谩sico y diluido Non-GAAP por ADS fue de 0,05 d贸lares estadounidenses.
Efectivo, equivalentes de efectivo e inversiones a corto plazo totalizaron 3.418,6 millones de d贸lares estadounidenses, un aumento desde los 3.303,3 millones de d贸lares al 29 de febrero de 2024. Los ingresos diferidos fueron de 641,9 millones de d贸lares, un incremento desde los 428,3 millones de d贸lares.
TAL Education Group (NYSE: TAL), 欷戧淡鞚� 鞀る韸� 頃欖姷 靻旊（靺� 鞝滉车鞐呾泊, 2024雲� 5鞗� 31鞚� 毵堦皭霅� 觳� 攵勱赴 氙戈皭靷� 鞛瓴瓣臣毳� 氚滍憸頄堨姷雼堧嫟. 欤检殧 靷暛鞚赌 雼れ潓瓿� 臧欖姷雼堧嫟:
靾涤垬鞚�鞚赌 4鞏� 1,420毵� 雼煬搿�, 歆�雮滍暣鞚� 2鞏� 7,540毵� 雼煬鞐愳劀 50.4% 歃濌皜頄堨姷雼堧嫟. 鞓侅梾 靻愳嫟鞚赌 1,730毵� 雼煬搿�, 歆�雮滍暣鞚� 5,780毵� 雼煬 靻愳嫟鞐愳劀 靸侂嫻頃� 臧滌劆鞚� 氤挫榾鞀惦媹雼�. 牍凣础础笔 旮办鞙茧, 鞓侅梾 靾橃澋鞚赌 90毵� 雼煬鞓�鞙茧┌, 鞚挫爠鞚� 3,230毵� 雼煬 靻愳嫟鞐愳劀 臧滌劆霅橃棃鞀惦媹雼�. TAL鞐� 攴�靻嶋悳 靾涤澊鞚�鞚赌 1,140毵� 雼煬搿�, 4,500毵� 雼煬鞚� 靾滌啇鞁れ棎靹� 鞝勴櫂霅橃棃鞀惦媹雼�. 牍凣础础笔 靾涤澊鞚奠澏� 2,960毵� 雼煬搿�, 1,950毵� 雼煬鞚� 靻愳嫟鞐愳劀 氤�頇旐枅鞀惦媹雼�. 旮半掣 氚� 頋劃霅� ADS雼� 靾涤澊鞚奠澏� 0.02雼煬鞓�瓿�, 牍凣础础笔 旮半掣 氚� 頋劃霅� ADS雼� 靾涤澊鞚奠澏� 0.05雼煬鞓�鞀惦媹雼�.
順勱笀, 順勱笀靹� 鞛愳偘 氚� 雼赴 韴瀽 齑濎暋鞚赌 34鞏� 1,860毵� 雼煬搿�, 2024雲� 2鞗� 29鞚检潣 33鞏� 3,030毵� 雼煬鞐愳劀 歃濌皜頄堨姷雼堧嫟. 鞚挫棸 靾橃澋鞚赌 6鞏� 4,190毵� 雼煬搿�, 4鞏� 2,830毵� 雼煬鞐愳劀 歃濌皜頄堨姷雼堧嫟.
TAL Education Group (NYSE: TAL), un fournisseur de solutions d'apprentissage intelligentes en Chine, a annonc茅 ses r茅sultats financiers non audit茅s pour le premier trimestre fiscal clos le 31 mai 2024. Les points cl茅s comprennent :
Chiffre d'affaires net de 414,2 millions de dollars, en hausse de 50,4 % par rapport 脿 275,4 millions de dollars l'ann茅e pr茅c茅dente. Perte d'exploitation de 17,3 millions de dollars, une am茅lioration significative par rapport 脿 la perte de 57,8 millions de dollars de l'ann茅e pr茅c茅dente. Sur une base Non-GAAP, le r茅sultat d'exploitation 茅tait de 0,9 million de dollars, contre une perte de 32,3 millions de dollars pr茅c茅demment. R茅sultat net attribuable 脿 TAL de 11,4 millions de dollars, passant d'une perte nette de 45,0 millions de dollars. Le r茅sultat net Non-GAAP 茅tait de 29,6 millions de dollars, contre une perte de 19,5 millions de dollars. Le r茅sultat net de base et dilu茅 par ADS 茅tait de 0,02 dollar, tandis que le r茅sultat net de base et dilu茅 Non-GAAP par ADS s'茅levait 脿 0,05 dollar.
Les liquidit茅s, 茅quivalents de liquidit茅s et investissements 脿 court terme ont totalis茅 3 418,6 millions de dollars, en hausse par rapport 脿 3 303,3 millions de dollars au 29 f茅vrier 2024. Les revenus diff茅r茅s s'茅levaient 脿 641,9 millions de dollars, contre 428,3 millions de dollars pr茅c茅demment.
TAL Education Group (NYSE: TAL), ein Anbieter von intelligenten Lernl枚sungen in China, hat seine unauditierten finanziellen Ergebnisse f眉r das erste Fiskalquartal zum 31. Mai 2024 bekannt gegeben. Die wichtigsten Punkte sind:
狈别迟迟辞耻尘蝉盲迟锄别 in H枚he von 414,2 Millionen US-Dollar, was einer Steigerung von 50,4 % im Vergleich zu 275,4 Millionen US-Dollar im Vorjahr entspricht. Betriebsverlust betrug 17,3 Millionen US-Dollar, eine deutliche Verbesserung im Vergleich zu einem Verlust von 57,8 Millionen US-Dollar im Vorjahr. Auf Non-GAAP-Basis betrug das Betriebsergebnis 0,9 Millionen US-Dollar, verglichen mit einem Verlust von 32,3 Millionen US-Dollar zuvor. 闯补丑谤别蝉眉产别谤蝉肠丑耻蝉蝉 von TAL betrug 11,4 Millionen US-Dollar, im Vergleich zu einem Nettoverlust von 45,0 Millionen US-Dollar. Der Non-GAAP Nettogewinn betrug 29,6 Millionen US-Dollar, im Vergleich zu einem Verlust von 19,5 Millionen US-Dollar. Der Grund- und verw盲sserte Nettogewinn pro ADS betrug 0,02 US-Dollar, w盲hrend der Non-GAAP Grund- und verw盲sserte Nettogewinn pro ADS 0,05 US-Dollar betrug.
Fl眉ssige Mittel, fl眉ssige Mittel盲quivalente und kurzfristige Investitionen totalisierten 3.418,6 Millionen US-Dollar, ein Anstieg von 3.303,3 Millionen US-Dollar am 29. Februar 2024. Die aufgeschobenen Einnahmen betrugen 641,9 Millionen US-Dollar, ein Anstieg von 428,3 Millionen US-Dollar.
- Net revenues increased by 50.4% to US$414.2 million.
- Loss from operations reduced to US$17.3 million from US$57.8 million.
- Net income attributable to TAL was US$11.4 million, compared to a net loss of US$45.0 million.
- Non-GAAP net income attributable to TAL was US$29.6 million, compared to a US$19.5 million loss.
- Cash, cash equivalents, and short-term investments increased to US$3,418.6 million.
- Operating costs and expenses increased by 26.3% to US$432.1 million.
- Cost of revenues increased by 43.4% to US$200.0 million.
- Selling and marketing expenses increased by 25.4% to US$122.4 million.
Insights
TAL Education Group's Q1 FY2025 results show significant improvement, with a 50.4% year-over-year increase in net revenues to
Key positives include:
- Gross margin improvement from
49.3% to51.7% , suggesting better pricing power or cost control - Reduction in operating loss by
70% year-over-year - Strong cash position with
$3.4 billion in cash and short-term investments - Significant increase in deferred revenue, up
49.9% from the previous quarter, indicating strong future revenue potential
However, investors should note the
TAL Education's strong Q1 performance signals a potential turnaround in China's education sector following regulatory challenges. The
Key market insights:
- The
49.9% quarter-over-quarter increase in deferred revenue indicates strong forward bookings and customer confidence - The
25.4% increase in selling and marketing expenses suggests aggressive customer acquisition efforts - The modest
4.5% increase in general and administrative expenses shows good cost discipline
The company's ability to grow revenue while improving profitability is particularly impressive given the challenging regulatory environment for education companies in China. This performance may indicate that TAL has successfully pivoted its business model to align with new regulations while meeting market demands.
Investors should monitor the sustainability of this growth trajectory and any potential regulatory developments that could impact the sector. The company's focus on product quality and operational efficiency appears well-aligned with current market trends favoring high-quality, technology-driven educational solutions.
Highlights for the First Quarter of Fiscal Year 2025
- Net revenues were
US , compared to net revenues of$414.2 million US in the same period of the prior year.$275.4 million - Loss from operations was
US , compared to loss from operations of$17.3 million US in the same period of the prior year.$57.8 million - Non-GAAP income from operations, which excluded share-based compensation expenses, was
US , compared to non-GAAP loss from operations of$0.9 million US in the same period of the prior year.$32.3 million - Net income attributable to TAL was
US , compared to net loss attributable to TAL of$11.4 million US in the same period of the prior year.$45.0 million - Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was
US , compared to non-GAAP net loss attributable to TAL of$29.6 million US in the same period of the prior year.$19.5 million - Basic and diluted net income per American Depositary Share ("ADS") were both
US . Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both$0.02 US . Three ADSs represent one Class A common share.$0.05 - Cash, cash equivalents and short-term investments totaled
US as of May 31, 2024, compared to$3,418.6 million US as of February 29, 2024.$3,303.3 million
听
Financial Data鈥斺�擣irst Quarter of Fiscal Year 2025
(In US$ thousands, except per ADS data and percentages)
Three Months Ended | |||
2023 | 2024 | Pct.听Change | |
Net revenues | 275,440 | 414,187 | 50.4听% |
Loss from operations | (57,773) | (17,330) | (70.0听%) |
Non-GAAP (loss)/income from operations | (32,260) | 876 | (102.7听%) |
Net (loss)/income attributable to TAL | (45,037) | 11,402 | (125.3听%) |
Non-GAAP net (loss)/income attributable to | (19,524) | 29,608 | (251.6听%) |
Net (loss)/income per ADS attributable to | (0.07) | 0.02 | (126.5听%) |
Net (loss)/income per ADS attributable to | (0.07) | 0.02 | (126.0听%) |
Non-GAAP net (loss)/income per ADS | (0.03) | 0.05 | (259.0听%) |
Non-GAAP net (loss)/income per ADS | (0.03) | 0.05 | (256.0听%) |
听
"In this quarter, our core focus remains on delivering quality products and managing our online and offline operational efficiency to serve learners effectively," said Alex听Peng, TAL's President and Chief Financial Officer.
Mr. Peng added, "Looking forward, we will make ongoing investments to provide our users with quality learning experiences. Our product capabilities, combined with our operational efficiency, positions us to capitalize on market opportunities and deliver long-term value to our customers."
Financial Results for the First Quarter of Fiscal Year 2025
Net Revenues
In the first quarter of fiscal year 2025, TAL reported net revenues of
Operating Costs and Expenses
In the first quarter of fiscal year 2025, operating costs and expenses were
Cost of revenues increased by
Selling and marketing expenses increased by
General and administrative expenses increased by
Total share-based compensation expenses allocated to the related operating costs and expenses decreased by
Gross Profit听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Gross profit increased by
Loss from Operations
Loss from operations was
Other (Expense)/Income
Other income听was
Impairment Loss on Long-term Investments
Impairment loss on long-term investment was
Income Tax Expense
Income tax expense was
Net (Loss)/Income Attributable to TAL Education Group
Net income attributable to TAL was
Basic and Diluted Net (Loss)/Income per ADS
Basic and diluted net income per ADS were both
Cash Flow听
Net cash provided by operating activities for the first quarter of fiscal year 2025 was
Cash, Cash Equivalents, and Short-Term Investments
As of May 31, 2024, the Company had
Deferred Revenue
As of May 31, 2024, the Company's deferred revenue balance was
Conference Call
The Company will host a conference call and live webcast to discuss its financial results for the first fiscal quarter of fiscal year 2025 ended May 31, 2024 at 8:00 a.m. Eastern Time on August 1, 2024 (8:00 p.m.
Please note that you will need to pre-register for conference call participation at .
Upon registration, you will receive an email containing participant dial-in numbers and unique Direct Event Passcode. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.
A live and archived webcast of the conference call will be available on the Investor Relations section of TAL's website at .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
About TAL Education Group
TAL Education Group听is a smart learning solutions provider in
About Non-GAAP Financial Measures
In evaluating its business, TAL considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP operating costs and expenses, non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP (loss)/income from operations, non-GAAP net (loss)/income attributable to TAL, non-GAAP basic and non-GAAP diluted net (loss)/income per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.
TAL believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. TAL believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to TAL's historical performance and liquidity. TAL computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. TAL believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the Company's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
For further information, please contact:
Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.com
听
TAL听EDUCATION GROUP UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands of听U.S. dollars) | |||
As of February 29, | As of May 31, | ||
ASSETS | |||
Current assets | |||
听 听Cash and cash equivalents | |||
Restricted cash-current | 167,656 | 275,966 | |
Short-term investments | 1,094,593 | 1,195,981 | |
听 听 Inventory | 68,328 | 80,984 | |
Amounts due from related parties-current | 343 | 376 | |
听 听 Income tax receivables | - | 1,543 | |
听 听 Prepaid expenses and other current assets | 159,498 | 153,159 | |
Total current assets | 3,699,174 | 3,930,600 | |
听 听 Restricted cash-non-current | 81,064 | 79,865 | |
听 听 Property and equipment, net | 405,319 | 438,670 | |
听 听 Deferred tax assets | 4,620 | 4,938 | |
听 听 Rental deposits | 16,947 | 18,523 | |
听 听 Intangible assets, net | 1,988 | 1,637 | |
听 听 Land use right, net | 189,049 | 186,862 | |
听 听 Amounts due from related parties-non-current | 59 | 59 | |
Long-term investments | 284,266 | 279,852 | |
Long-term prepayments and other non-current assets | 14,359 | 21,600 | |
Operating lease right-of-use assets | 231,104 | 340,231 | |
Total assets | |||
LIABILITIES AND EQUITY | |||
Current liabilities | |||
Accounts payable | |||
Deferred revenue-current | 400,286 | 613,470 | |
Amounts due to related parties-current | 96 | 95 | |
Accrued expenses and other current liabilities | 491,911 | 519,899 | |
Operating lease liabilities, current portion | 62,604 | 72,269 | |
Total current liabilities | 1,082,218 | 1,338,000 | |
Deferred revenue-non-current | 27,993 | 28,438 | |
Deferred tax liabilities | 2,360 | 2,254 | |
Operating lease liabilities, non-current portion | 176,614 | 273,461 | |
Total liabilities | 1,289,185 | 1,642,153 | |
Equity | |||
Class A common shares | 152 | 153 | |
Class B common shares | 49 | 49 | |
Additional paid-in capital | 4,256,957 | 4,275,160 | |
Statutory reserve | 165,138 | 165,033 | |
Accumulated deficit | (694,270) | (682,763) | |
Accumulated other comprehensive loss | (65,928) | (73,659) | |
Total TAL Education Group's equity | 3,662,098 | 3,683,973 | |
Noncontrolling interests | (23,334) | (23,289) | |
Total equity | 3,638,764 | 3,660,684 | |
Total liabilities and equity | |||
听
TAL听EDUCATION GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands of听U.S. dollars, except share, ADS, per share and per ADS data)听 | ||||
听听听听听听 For the Three Months Ended 听听听听听听听 May 31, | ||||
2023 | 2024 | |||
听 Net听revenues | 听 | 听 | ||
Cost of revenues (note 1) | 139,513 | 200,008 | ||
Gross profit | 135,927 | 214,179 | ||
Operating听expenses听(note听1) | ||||
听 Selling and marketing | 97,657 | 122,428 | ||
听 General and administrative | 104,923 | 109,682 | ||
Total operating expenses | 202,580 | 232,110 | ||
Government subsidies | 8,880 | 601 | ||
Loss from operations | (57,773) | (17,330) | ||
Interest income | 22,981 | 22,522 | ||
Other (expense)/income | (6,845) | 13,151 | ||
Impairment loss on long-term investments | - | (3,767) | ||
(Loss)/Income before income tax expense and loss from equity method investments | (41,637) | 14,576 | ||
Income tax expense | (3,519) | (2,295) | ||
Loss from equity method investments | (71) | (985) | ||
Net听(loss)/income | ||||
Add: Net loss attributable to noncontrolling interests | 190 | 106 | ||
Total听net听(loss)/income attributable听to听TAL | ||||
Net听(loss)/income per听common听share | ||||
Basic | ||||
Diluted | (0.21) | 0.06 | ||
Net (loss)/income听per听ADS听(note听2) | ||||
Basic | ||||
Diluted | (0.07) | 0.02 | ||
听 Weighted average shares used in calculating net | ||||
听 听Basic | 211,319,973 | 201,567,132 | ||
听 听Diluted | 211,319,973 | 205,382,443 | ||
Note1:听Share-based听compensation听expenses听are听included听in听the听operating听costs听and听expenses听as听follows: | ||||
For听the听Three听Months | ||||
Ended听May听31, | ||||
2023 | 2024 | |||
Cost of revenues | ||||
Selling and marketing expenses | 7,428 | 4,375 | ||
General and administrative expenses | 15,676 | 11,469 | ||
Total | ||||
Note听2:听Three听ADSs听represent听one听Class听A听common听Share.听 | ||||
听
听
听
TAL听EDUCATION听GROUP UNAUDITED听CONDENSED听CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME听听 (In听thousands听of听 | ||||
For听the听Three听Months听Ended 听May听31, | ||||
2023 | 2024 | |||
Net听(loss)/income | ||||
Other comprehensive loss, net of tax | (23,813) | (7,580) | ||
Comprehensive听(loss)/income | (69,040) | 3,716 | ||
Add: Comprehensive income attributable to | (461) | (45) | ||
Comprehensive听(loss)/income听attributable听to听 TAL听Education听Group | ||||
听
听
听
TAL听EDUCATION GROUP UNAUDITED CONDENSED CONSOLIDATED听STATEMENTS OF CASH FLOWS (In thousands of听U.S. dollars) | |||
For the Three Months May 31, | |||
2023 | 2024 | ||
Net cash provided by operating activities | |||
Net cash provided by/(used in) investing activities | 160,915 | (124,635) | |
Net cash (used in)/provided by financing activities | (151,237) | 5 | |
Effect of exchange rate changes | (4,510) | (1,217) | |
Net increase in cash, cash equivalents and restricted cash | 130,684 | 120,946 | |
Cash, cash equivalents and restricted cash at the beginning of | 2,294,907 | 2,457,476 | |
Cash, cash equivalents and restricted cash at the end of period | |||
听
听
听
TAL听EDUCATION听GROUP Reconciliation听of听Non-GAAP听Measures听to听the听Most听Comparable听GAAP听Measures (In听thousands听of听 | ||||
听 For听the听Three听Months听 听听 Ended听May听31, | ||||
2023 | 2024 | |||
Cost听of听revenues | ||||
Share-based compensation expenses in cost of 听 revenues | 2,409 | 2,362 | ||
Non-GAAP听cost听of听revenues | 137,104 | 197,646 | ||
Selling听and听marketing听expenses | 97,657 | 122,428 | ||
Share-based compensation expenses in selling and 听 marketing expenses | 7,428 | 4,375 | ||
Non-GAAP听selling听and听marketing听expenses | 90,229 | 118,053 | ||
听 General听and听administrative听expenses | 听 104,923 | 听 109,682 | ||
Share-based compensation expenses in general and 听 administrative expenses | 15,676 | 11,469 | ||
Non-GAAP听general听and听administrative听expenses | 89,247 | 98,213 | ||
Operating听costs听and听expenses | 342,093 | 432,118 | ||
Share-based compensation expenses in operating 听 costs and expenses | 25,513 | 18,206 | ||
Non-GAAP听operating听costs听and听expenses | 316,580 | 413,912 | ||
Loss听from听operations | (57,773) | (17,330) | ||
Share based compensation expenses | 25,513 | 18,206 | ||
Non-GAAP听(loss)/income听from听operations听(note听3) | (32,260) | 876 | ||
Net听(loss)/income听attributable听to听TAL听Education听 | (45,037) | 11,402 | ||
Share based compensation expenses | 25,513 | 18,206 | ||
Non-GAAP听net听(loss)/income听attributable听to听 | ||||
听 Net听(loss)/income听per听ADS | ||||
Basic | ||||
Diluted | (0.07) | 0.02 | ||
Non-GAAP听Net听(loss)/income听per听ADS听 | ||||
Basic | ||||
Diluted | (0.03) | 0.05 | ||
ADSs听used听in听calculating听net听(loss)/income听per听 | ||||
Basic | 633,959,919 | 604,701,396 | ||
Diluted | 633,959,919 | 616,147,329 | ||
ADSs听used听in听calculating听Non-GAAP听net | ||||
听Basic | 633,959,919 | 604,701,396 | ||
听Diluted | 633,959,919 | 616,147,329 | ||
Note 3: The tax effect of share-based compensation expenses was immaterial in the first quarter of听fiscal year 2025. | ||||
听
View original content:
SOURCE TAL Education Group
FAQ
What were TAL Education Group's net revenues for Q1 FY 2025?
What was TAL Education Group's net income for Q1 FY 2025?
How much did TAL Education Group's cash and investments total as of May 31, 2024?
What was TAL Education Group's non-GAAP net income for Q1 FY 2025?
What were TAL Education Group's operating costs and expenses for Q1 FY 2025?
