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好未来(TAL.US)Q1扭亏为盈 营收同比增长50.55%超预期

TAL Education (TAL.US) turned losses into profits in Q1, with revenue increasing by 50.55% year-on-year, exceeding expectations.

Zhitong Finance ·  Aug 1 07:00

In Q1 of 2025 fiscal year, Tal Education's revenue was $0.414 billion, a year-on-year increase of 50.55%, exceeding market expectations; net income was $11.402 million, compared to a net loss of $4.5037 million in the same period last year.

According to the Futu Securities app, on August 1st (Thursday) pre-market trading, Tal Education (TAL.US) announced its performance for the first quarter of the 2025 fiscal year. The financial report shows that in Q1, Tal Education's revenue was $0.414 billion, a year-on-year increase of 50.55%, exceeding market expectations; net income was $11.402 million, compared to a net loss of $4.5037 million in the same period last year; diluted earnings per ADS were $0.02, compared to a loss per ADS of $0.07 in the same period last year.

Excluding share-based compensation expenses, adjusted net income was $29.608 million, compared to an adjusted net loss of $19.524 million in the same period last year; adjusted diluted earnings per ADS were $0.05, compared to a loss per ADS of $0.03 in the same period last year.

The gross profit in the first quarter was $0.2142 billion, a year-on-year increase of 57.6%; the gross margin was 51.7%, compared to 49.3% in the same period last year.

The total share-based incentive expenses allocated to relevant cost of goods sold and expenses decreased by 28.6% from $25.5 million in the same period of the 2024 fiscal year to $18.2 million in the first quarter of the 2025 fiscal year.

As of May 31, 2024, the company's deferred revenue balance was $0.6419 billion, compared to $0.4283 billion as of February 29, 2024.

As of May 31, 2024, Tal Education's total balance of cash, cash equivalents, and short-term investments held was $3.419 billion, compared to $3.303 billion as of February 29, 2024.

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