TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2025

Core Insights - TAL Education Group reported a significant increase in net revenues for both the fourth quarter and the fiscal year ended February 28, 2025, with a 42.1% increase in Q4 and a 51.0% increase for the fiscal year compared to the previous year [4][6][24] - Despite the revenue growth, the company experienced losses in both the fourth quarter and the fiscal year, with a net loss of $7.3 million in Q4 and a net income of $84.6 million for the fiscal year, a substantial turnaround from a net loss of $3.6 million in the prior year [5][36] - The company continues to invest in its learning solutions, reflecting positive user feedback and a growing demand for holistic educational programs [7][40] Financial Results for the Fourth Quarter of Fiscal Year 2025 - Net revenues reached $610.2 million, up from $429.6 million in the same period last year [5][7] - Loss from operations increased to $16.0 million from $11.1 million year-over-year [5][15] - Non-GAAP loss from operations was $1.7 million, a decline from a non-GAAP income of $9.4 million in the prior year [5][15] - Net loss attributable to TAL was $7.3 million, compared to a net income of $27.5 million in the same period last year [5][19] - Cash, cash equivalents, and short-term investments totaled $3,618.4 million as of February 28, 2025, an increase from $3,303.3 million a year earlier [5][22] Financial Results for the Fiscal Year Ended February 28, 2025 - Total net revenues for the fiscal year were $2,250.2 million, compared to $1,490.4 million in the previous year [6][24] - Loss from operations significantly decreased to $3.2 million from $69.2 million in the prior year [6][32] - Non-GAAP income from operations rose to $61.8 million, up from $19.7 million in the previous year [6][32] - Net income attributable to TAL was $84.6 million, a substantial improvement from a net loss of $3.6 million in the prior year [6][36] - The company reported a gross profit of $1,200.3 million, an increase of 48.9% from $806.1 million in the previous year [6][31] Operating Costs and Expenses - Operating costs and expenses for the fourth quarter were $628.8 million, a 41.2% increase from $445.4 million in the same period last year [8][26] - Selling and marketing expenses surged by 73.1% to $218.0 million from $125.9 million in the prior year [10][28] - General and administrative expenses increased slightly by 0.8% to $118.2 million from $117.2 million year-over-year [11][29] Share Repurchase Program - The company's board has authorized an extension of its share repurchase program for another 12 months, allowing for the repurchase of up to approximately $490.7 million of its common shares [40]