Tal Education Group (TAL)

TAL Education Group Files Its Annual Report on Form 20-FJune 12, 2026 4:48 PM
PR Newswire (US) BEIJING, June 12, 2026 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a smart learning solutions provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended February 28, 2026 (the "Annual Report") with the Securities and Exchange Commission (the "SEC") on June 12, 2026, U.S. Eastern Time.The Annual Report can be accessed and downloaded on the Company's website at https://ir.tal.com/, as well as on the SEC's website at https://www.sec.gov.Shareholders and ADS holders of the Company may request a hard copy of the Annual Report free of charge by emailing the Company at ir@tal.com or by writing to the following address:TAL Building No.1 Courtyard No.9
Qixin Middle Street, Changping District
Beijing 102200
People's Republic of China
Attention: Jackson DingAbout TAL Education GroupTAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".For investor and media inquiries, please contact:Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.comChristensen Advisory
Tel: +86 10 5900 1548
Email: tal@christensencomms.com View original content:https://www.prnewswire.com/news-releases/tal-education-group-files-its-annual-report-on-form-20-f-302799430.htmlSOURCE TAL Education Group Original: TAL Education Group Files Its Annual Report on Form 20-F

TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2026April 23, 2026 5:00 AM
PR Newswire (US)

BEIJING, April 23, 2026 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended February 28, 2026.Highlights for the Fourth Quarter of Fiscal Year 2026Net revenues were US$802.4 million, compared to net revenues of US$610.2 million in the same period of the prior year.Income from operations was US$72.5 million, compared to loss from operations of US$16.0 million in the same period of the prior year.Non-GAAP income from operations, which excluded share-based compensation expenses, was US$82.2 million, compared to non-GAAP loss from operations of US$1.7 million in the same period of the prior year.Net income attributable to TAL was US$244.8 million, compared to net loss attributable to TAL of US$7.3 million in the same period of the prior year.Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$254.5 million, compared to non-GAAP net income attributable to TAL of US$7.0 million in the same period of the prior year.Basic and diluted net income per American Depositary Share ("ADS") were both US$0.44. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$0.46 and US$0.45, respectively. Three ADSs represent one Class A common share.Cash, cash equivalents and short-term investments totaled US$3,239.3 million as of February 28, 2026, compared to US$3,618.4 million as of February 28, 2025.Highlights for the Fiscal Year Ended February 28, 2026Net revenues were US$3,008.9 million, compared to net revenues of US$2,250.2 million in the prior year.Income from operations was US$276.0 million, compared to loss from operations of US$3.2 million in the prior year.Non-GAAP income from operations, which excluded share-based compensation expenses, was US$319.1 million, compared to non-GAAP income from operations of US$61.8 million in the prior year.Net income attributable to TAL was US$530.8 million, compared to net income attributable to TAL of US$84.6 million in the prior year.Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$573.8 million, compared to non-GAAP net income attributable to TAL of US$149.5 million in the prior year.Basic and diluted net income per ADS were US$0.93 and US$0.92, respectively. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$1.00 and US$0.99, respectively.Financial Data——Fourth Quarter and Fiscal Year 2026
(In US$ thousands, except per ADS data and percentages)
Three Months Ended
February 28,
20252026Pct. ChangeNet revenues610,239802,38931.5 %(Loss)/income from operations(16,015)72,473(552.5 %)Non-GAAP (loss)/income from operations(1,692)82,224(4,959.6 %)Net (loss)/income attributable to TAL(7,311)244,790(3,448.2 %)Non-GAAP net income attributable to TAL7,012254,5413,530.1 %Net (loss)/income per ADS attributable to TAL – basic(0.01)0.44(3,774.6 %)Net (loss)/income per ADS attributable to TAL – diluted(0.01)0.44(3,735.4 %)Non-GAAP net income per ADS attributable to TAL – basic0.010.463,883.9 %Non-GAAP net income per ADS attributable to TAL – diluted0.010.453,899.7 %


Fiscal Year Ended
February 28,
20252026Pct. ChangeNet revenues2,250,2333,008,90833.7 %(Loss)/income from operations(3,155)276,039(8,849.3 %)Non-GAAP income from operations61,784319,132416.5 %Net income attributable to TAL84,591530,751527.4 %Non-GAAP net income attributable to TAL149,530573,844283.8 %Net income per ADS attributable to TAL – basic0.140.93565.5 %Net income per ADS attributable to TAL – diluted0.140.92567.4 %Non-GAAP net income per ADS attributable to TAL – basic0.251.00307.0 %Non-GAAP net income per ADS attributable to TAL – diluted0.240.99308.2 %"We concluded fiscal year 2026 with solid progress across our core businesses. We have expanded our reach to more users and strengthened engagement by enhancing our offerings and operational capabilities. This has also enabled us to better serve the evolving needs of learners, " said Alex Peng, TAL's President & Chief Financial Officer.Mr. Peng added, "As we enter fiscal year 2027, we remain focused on driving quality growth across our business lines. We will also continue to strengthen our operational execution to support long-term efficiency improvements."Financial Results for the Fourth Quarter of Fiscal Year 2026Net RevenuesIn the fourth quarter of fiscal year 2026, TAL reported net revenues of US$802.4 million, representing a 31.5% increase from US$610.2 million in the fourth quarter of fiscal year 2025.Operating Costs and ExpensesIn the fourth quarter of fiscal year 2026, operating costs and expenses were US$729.9 million, representing a 16.6% increase from US$626.3 million in the fourth quarter of fiscal year 2025. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$720.2 million, representing a 17.7% increase from US$611.9 million in the fourth quarter of fiscal year 2025.Cost of revenues increased by 28.2% to US$375.2 million from US$292.6 million in the fourth quarter of fiscal year 2025. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 28.5% to US$374.8 million, from US$291.7 million in the fourth quarter of fiscal year 2025.Selling and marketing expenses increased by 1.4% to US$220.9 million from US$218.0 million in the fourth quarter of fiscal year 2025. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 2.0% to US$218.5 million, from US$214.3 million in the fourth quarter of fiscal year 2025.             General and administrative expenses increased by 15.7% to US$133.8 million from US$115.6 million in the fourth quarter of fiscal year 2025. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 19.7% to US$126.8 million, from US$106.0 million in the fourth quarter of fiscal year 2025.Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 31.9% to US$9.8 million in the fourth quarter of fiscal year 2026 from US$14.3 million in the same period of fiscal year 2025.Gross Profit                                                                                                    Gross profit increased by 34.5% to US$427.2 million from US$317.6 million in the fourth quarter of fiscal year 2025. The gross margin for the fourth quarter of fiscal year 2026 was 53.2%, compared to 52.0% in the same period of the prior year.(Loss)/Income from OperationsIncome from operations was US$72.5 million in the fourth quarter of fiscal year 2026, compared to loss from operations of US$16.0 million in the fourth quarter of fiscal year 2025. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$82.2 million, compared to Non-GAAP loss from operations of US$1.7 million in the same period of the prior year.Other IncomeOther income was US$275.0 million for the fourth quarter of fiscal year 2026, compared to other income of US$13.0 million in the fourth quarter of fiscal year 2025. The change in other income for the fourth quarter was mainly driven by fluctuations in the fair value of certain investments.Impairment Loss on Long-term InvestmentsImpairment loss on long-term investments was US$41.4 million in the fourth quarter of fiscal year 2026, compared to US$4.2 million in the fourth quarter of fiscal year 2025.Income Tax ExpenseIncome tax expense was US$77.0 million in the fourth quarter of fiscal year 2026, compared to income tax expense of US$14.0 million in the fourth quarter of fiscal year 2025.Net (Loss)/Income Attributable to TAL Education Group Net income attributable to TAL was US$244.8 million in the fourth quarter of fiscal year 2026, compared to net loss attributable to TAL of US$7.3 million in the fourth quarter of fiscal year 2025. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$254.5 million, compared to Non-GAAP net income attributable to TAL of US$7.0 million in the fourth quarter of fiscal year 2025.Basic and Diluted Net (Loss)/Income per ADSBasic and diluted net income per ADS were both US$0.44, in the fourth quarter of fiscal year 2026. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$0.46 and US$0.45, respectively, in the fourth quarter of fiscal year 2026.Cash Flow Net cash used in operating activities for the fourth quarter of fiscal year 2026 was US$215.0 million.Cash, Cash Equivalents, and Short-Term InvestmentsAs of February 28, 2026, the Company had US$1,523.9 million of cash and cash equivalents and US$1,715.4 million of short-term investments, compared to US$1,771.3 million of cash and cash equivalents and US$1,847.1 million of short-term investments as of February 28, 2025.Deferred RevenueAs of February 28, 2026, the Company's deferred revenue balance was US$882.2 million, compared to US$671.2 million as of February 28, 2025.Financial Results for the Fiscal Year Ended February 28, 2026Net RevenuesIn fiscal year 2026, TAL reported net revenues of US$3,008.9 million, representing a 33.7% increase from US$2,250.2 million in fiscal year 2025.Operating Costs and ExpensesIn fiscal year 2026, operating costs and expenses were US$2,732.9 million, representing a 21.3% increase from US$2,253.4 million in fiscal year 2025. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$2,689.8 million, representing a 22.9% increase from US$2,188.4 million in fiscal year 2025.Cost of revenues increased by 27.9% to US$1,343.4 million from US$1,050.0 million in fiscal year 2025. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 28.6% to US$1,341.6 million from US$1,043.6 million in fiscal year 2025.Selling and marketing expenses increased by 18.7% to US$889.1 million from US$748.8 million in fiscal year 2025. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 19.9% to US$878.2 million from US$732.6 million in fiscal year 2025.General and administrative expenses increased by 10.1% to US$500.4 million from US$454.7 million in fiscal year 2025. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 14.0% to US$470.0 million from US$412.2 million in fiscal year 2025.Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 33.6% to US$43.1 million in fiscal year 2026 from US$64.9 million in fiscal year 2025.Gross ProfitGross profit increased by 38.8% to US$1,665.5 million from US$1,200.3 million in fiscal year 2025. The gross margin in fiscal year 2026 was 55.4%, compared to 53.3% in the prior year.(Loss)/Income from OperationsIncome from operations was US$276.0 million in fiscal year 2026, compared to loss from operations of US$3.2 million in the prior year. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$319.1 million, compared to US$61.8 million Non-GAAP income from operations in the prior year.Other IncomeOther income was US$390.2 million in fiscal year 2026, compared to other income of US$64.7 million in the prior year. The change in other income in fiscal year 2026 was mainly driven by fluctuations in the fair value of certain investments.Impairment Loss on Long-term InvestmentsImpairment loss on long-term investments was US$42.8 million in fiscal year 2026, compared to US$12.9 million in fiscal year 2025.Income Tax ExpenseIncome tax expense was US$154.4 million in fiscal year 2026, compared to US$38.3 million of income tax expense in fiscal year 2025.Net (Loss)/Income Attributable to TAL Education GroupNet income attributable to TAL was US$530.8 million in fiscal year 2026, compared to net income attributable to TAL of US$84.6 million in fiscal year 2025. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$573.8 million, compared to US$149.5 million Non-GAAP net income attributable to TAL in the prior year.Basic and Diluted Net (Loss)/Income per ADSBasic and diluted net income per ADS were US$0.93 and US$0.92, respectively, in fiscal year 2026. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$1.00 and US$0.99, respectively, in fiscal year 2026.Cash Flow Net cash provided by operating activities in fiscal year 2026 was US$601.5 million.Share RepurchaseOn July 28, 2025, TAL's board of directors authorized a new share repurchase program under which the Company may repurchase up to US$600 million of the Company's common shares over the next 12 months. Between January 29, 2026 and April 22, 2026, the Company has repurchased 101,371 common shares at an aggregate consideration of approximately US$3.3 million.Change to the Management TeamEffective April 22, 2026, Mr. Mi Tian has stepped down as Chief Technology Officer and transitioned to Senior Vice President. Mr. Tian will focus on selected technology initiatives in his new capacity.Conference CallThe Company will host a conference call and live webcast to discuss its financial results for the fourth fiscal quarter of fiscal year 2026 ended February 28, 2026 at 8:00 a.m. Eastern Time on April 23, 2026 (8:00 p.m. Beijing time on April 23, 2026).Please note that you will need to pre-register for conference call participation at
https://dpregister.com/sreg/10208034/103bc38d804.Upon registration, you will receive an email containing participant dial-in numbers, passcode, and a unique access PIN. 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 https://ir.tal.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, TAL Education Group's strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's ability to continue to provide competitive learning services and products; the Company's ability to continue to recruit, train and retain talents; the Company's ability to improve the content of current course offerings and develop new courses; the Company's ability to maintain and enhance its brand; the Company's ability to maintain and continue to improve its teaching results; and the Company's ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company's reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.About TAL Education GroupTAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".About Non-GAAP Financial MeasuresIn 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 cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating costs and expenses, non-GAAP income from operations, non-GAAP net income attributable to TAL, non-GAAP basic and non-GAAP diluted net 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 compensation 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 TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of U.S. dollars)




As ofFebruary 28,
2025
As ofFebruary 28,
2026ASSETS






Current assets


Cash and cash equivalents$ 1,771,260
$ 1,523,879Restricted cash, current187,846
227,551Short-term investments1,847,120
1,715,446Inventory, net104,876
143,326Amounts due from related parties, current37
46Prepaid expenses and other current assets215,781
232,870Total current assets4,126,920
3,843,118Restricted cash, non-current32,625
34,608Property and equipment, net472,366
500,710Deferred tax assets3,487
3,170Rental deposits22,131
28,058Intangible assets, net394
45,975Goodwill155
45,545Land use rights, net182,880
189,779Amounts due from related parties, non-current96
134Long-term investments305,105
828,249Long-term prepayments and other non-current assets27,844
37,216Operating lease right-of-use assets329,064
379,727Total assets$ 5,503,067
$ 5,936,289



LIABILITIES AND EQUITY






Current liabilities


Accounts payable$ 146,300
$ 152,513Deferred revenue, current624,272
832,839Amounts due to related parties, current93
97Accrued expenses and other current liabilities582,227
672,344Operating lease liabilities, current88,453
109,393Total current liabilities1,441,345
1,767,186Deferred revenue, non-current46,955
49,353Deferred tax liabilities3,474
67,981Operating lease liabilities, non-current244,895
278,083Total liabilities1,736,669
2,162,603



Equity


Class A common shares154
156Class B common shares49
49Treasury stock-
(20)Additional paid-in capital4,294,819
3,694,418Statutory reserve179,537
216,638Accumulated deficit(624,078)
(130,428)Accumulated other comprehensive loss (83,914)
(6,376)Total TAL Education Group's equity3,766,567
3,774,437Non-controlling interests(169)
(751)Total equity3,766,398
3,773,686Total liabilities and equity$ 5,503,067
$ 5,936,289 TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

For the Three Months Ended February 28,
For the Fiscal Year EndedFebruary 28,
2025
2026
2025
2026Net revenues$ 610,239
$ 802,389
$ 2,250,233$ 3,008,908Cost of revenues (note 1)292,646
375,158
1,049,9751,343,430Gross profit317,593
427,231
1,200,2581,665,478Operating expenses (note 1)





Selling and marketing217,981
220,931
748,750889,053General and administrative (note 2)115,627
133,827
454,663500,386Total operating expenses333,608
354,758
1,203,4131,389,439(Loss)/income from operations(16,015)
72,473
(3,155)276,039Interest income, net19,072
14,817
83,48262,030Other income12,950
275,016
64,717390,155Impairment loss on long-term     investments(4,241)
(41,404)
(12,933)(42,814)Income before income tax expense and     (loss)/income from equity method     investments11,766
320,902
132,111685,410Income tax expense(13,972)
(76,952)
(38,320)(154,417)(Loss)/income from equity method     investments(5,194)
440
(9,531)(855)Net (loss)/income$ (7,400)
$ 244,390
$ 84,260$ 530,138Add: Net loss attributable to non-controlling interests89
400
331613Total net (loss)/income attributable     to TAL Education Group$ (7,311)
$ 244,790
$ 84,591$ 530,751Net (loss)/income per common share





Basic$ (0.04)
$ 1.33
$ 0.42$ 2.79Diluted(0.04)
1.31
0.412.75Net (loss)/income per ADS (note 3)





Basic$ (0.01)
$ 0.44
$ 0.14$ 0.93Diluted(0.01)
0.44
0.140.92Weighted average shares used in     calculating net (loss)/income     per common share





Basic202,627,554
184,629,323
201,963,823190,420,468Diluted202,627,554
186,620,660
205,222,753192,925,293
Note1: Share-based compensation expenses are included in the operating costs and expenses as follows:

For the Three Months
For the Fiscal Year
Ended February 28,
Ended February 28,
2025
2026
2025
2026Cost of revenues$ 963
$ 362
$ 6,389
$ 1,874Selling and marketing expenses3,691
2,386
16,101
10,839General and administrative expenses9,669
7,003
42,449
30,380Total$ 14,323
$ 9,751
$ 64,939
$ 43,093
Note 2: GAAP and non-GAAP general and administrative expenses include government subsidies, which were separately presented in our historical financial statements. This reclassification has been made to conform to the presentation for the current period, and such reclassification had no impact on the Group's previously reported (loss)/income from operations, net (loss)/income, shareholders' equity, or cash flows.
Note 3: Three ADSs represent one Class A common share. TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (In thousands of U.S. dollars)

For the Three Months EndedFebruary 28,
For the Fiscal Year EndedFebruary 28,
2025
2026
2025
2026Net (loss)/income$ (7,400)
$ 244,390
$ 84,260
$ 530,138Other comprehensive     (loss)/income, net of tax(13,376)
39,844
(17,724)
77,569Comprehensive (loss)/income(20,776)
284,234
66,536
607,707Add: Comprehensive loss     attributable to non-controlling     interests44
387
69
582Comprehensive (loss)/income     attributable to TAL     Education Group$ (20,732)
$ 284,621
$ 66,605
$ 608,289 TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands of U.S. dollars)

For the Three Months EndedFebruary 28,
For the Fiscal Year EndedFebruary 28,
2025
2026
2025
2026Net cash (used in)/provided by     operating activities$ (226,332)
$ (214,965)
$ 397,923
$ 601,467Net cash used in investing     activities(314,289)
(475,945)
(847,028)
(175,746)Net cash used in financing     activities(55,104)
(18,937)
(13,167)
(643,512)Effect of exchange rate     changes(998)
10,284
(3,473)
12,098Net decrease in cash, cash     equivalents and restricted     cash (596,723)
(699,563)
(465,745)
(205,693)Cash, cash equivalents and     restricted cash at the     beginning of period2,588,454
2,485,601
2,457,476
1,991,731Cash, cash equivalents and     restricted cash at the end     of period$ 1,991,731
$ 1,786,038
$ 1,991,731
$ 1,786,038 TAL EDUCATION GROUPReconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

For the Three Months EndedFebruary 28,
For the Fiscal Year EndedFebruary 28,
2025
2026
2025
2026







Cost of revenues$ 292,646
$ 375,158
$ 1,049,975
$ 1,343,430Share-based compensation expenses in     cost of revenues963
362
6,389
1,874Non-GAAP cost of revenues291,683
374,796
1,043,586
1,341,556







Selling and marketing expenses217,981
220,931
748,750
889,053Share-based compensation expenses in     selling and marketing expenses3,691
2,386
16,101
10,839Non-GAAP selling and marketing     expenses214,290
218,545
732,649
878,214







General and administrative     expenses(note 2)115,627
133,827
454,663
500,386Share-based compensation expenses in     general and administrative expenses9,669
7,003
42,449
30,380Non-GAAP general and     administrative expenses(note 2)105,958
126,824
412,214
470,006







Operating costs and expenses626,254
729,916
2,253,388
2,732,869Share-based compensation expenses in     operating costs and expenses14,323
9,751
64,939
43,093Non-GAAP operating costs and     expenses611,931
720,165
2,188,449
2,689,776







(Loss)/income from operations(16,015)
72,473
(3,155)
276,039Share-based compensation expenses14,323
9,751
64,939
43,093Non-GAAP (loss)/income from     operations (1,692)
82,224
61,784
319,132







Net (loss)/income attributable to TAL Education Group(7,311)
244,790
84,591
530,751Share-based compensation expenses14,323
9,751
64,939
43,093Non-GAAP net income attributable to TAL Education Group (note 4)$ 7,012
$ 254,541
$ 149,530
$ 573,844







Net (loss)/income per ADS






Basic$ (0.01)
$ 0.44
$ 0.14
$ 0.93Diluted (0.01)
0.44
0.14
0.92Non-GAAP net income per ADS






Basic$ 0.01
$ 0.46
$ 0.25
$ 1.00Diluted 0.01
0.45
0.24
0.99ADSs used in calculating net (loss)/income per ADS






Basic607,882,662
553,887,969
605,891,469
571,261,404Diluted607,882,662
559,861,980
615,668,259
578,775,879ADSs used in calculating Non-GAAP net income per ADS






Basic607,882,662
553,887,969
605,891,469
571,261,404Diluted616,868,733
559,861,980
615,668,259
578,775,879







Note 4: The tax effect of share-based compensation expenses was immaterial in the fourth quarter and in fiscal year 2026.  



View original content:https://www.prnewswire.com/news-releases/tal-education-group-announces-unaudited-financial-results-for-the-fourth-fiscal-quarter-and-the-fiscal-year-2026-302751537.htmlSOURCE TAL Education Group

Original: TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2026

TAL Education Group to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on April 23, 2026April 9, 2026 5:00 AM
PR Newswire (US)

BEIJING, April 9, 2026 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a smart learning solutions provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2026 ended February 28, 2026,  before the market opens on Thursday, April 23, 2026.The Company will host a corresponding conference call and live webcast at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Thursday, April 23, 2026.Please note that you will need to pre-register for conference call participation athttps://dpregister.com/sreg/10208034/103bc38d804.Upon registration, you will receive an email containing participant dial-in numbers, passcode, and a unique access PIN. 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 replay of the conference call will be available by phone at the numbers listed below, starting one hour after the live call concludes and remaining accessible through April 30, 2026:United States:1-855-669-9658International:1-412-317-0088Passcode:2199605 A live and archived webcast of the conference call will be available on the Investor Relations section of TAL's website at https://ir.tal.com/.About TAL Education GroupTAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".For investor and media inquiries, please contact:In China:Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.comChristensen Advisory
Tel: +86 10 5900 1548
Email: tal@christensencomms.com



View original content:https://www.prnewswire.com/news-releases/tal-education-group-to-announce-fourth-quarter-and-fiscal-year-2026-financial-results-on-april-23-2026-302737969.htmlSOURCE TAL Education Group

Original: TAL Education Group to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on April 23, 2026

TAL Education Jumps Nearly 10% After Earnings Smash ExpectationsJanuary 29, 2026 8:22 AM
IH Market News
TAL Education Group (NYSE:TAL) surged in premarket trading on Thursday after the Chinese smart learning solutions provider delivered a substantial earnings beat for its third quarter of fiscal 2026, despite revenue coming in slightly below forecasts.Shares climbed about 9.5% ahead of the open following the results.TAL reported adjusted earnings per share of $0.25, far exceeding analysts’ expectations of $0.07. Revenue rose 27% year on year to $770.2 million from $606.4 million in the prior-year period, although it narrowly missed the consensus estimate of $775.68 million.Profitability improved sharply during the quarter, with income from operations reaching $93.1 million, compared with an operating loss of $17.4 million a year earlier. Gross margin expanded to 56.1%, up from 52.7% in the same quarter last year.“In the third quarter of fiscal year 2026, our net revenues continued their steady growth trajectory. We remain focused on integrating technology into learning experiences and are dedicated to enhancing our content, products, and services to support students’ holistic development,” said Alex Peng, TAL’s President and Chief Financial Officer.On a non-GAAP basis, income from operations climbed to $104 million, a dramatic turnaround from a non-GAAP loss of $1.9 million in the comparable period of fiscal 2025. Net income attributable to TAL jumped to $130.6 million from $23.1 million a year earlier.The company ended the quarter with a strong balance sheet, reporting cash, cash equivalents and short-term investments of $3.62 billion as of November 30, 2025. TAL also disclosed that it repurchased 844,856 common shares for roughly $27.7 million under its $600 million share buyback programme approved in July 2025.

Original: TAL Education Jumps Nearly 10% After Earnings Smash Expectations

TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30, 2025January 29, 2026 4:00 AM
PR Newswire (US)

BEIJING, Jan. 29, 2026 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the third quarter of fiscal year 2026 ended November 30, 2025.Highlights for the Third Quarter of Fiscal Year 2026- Net revenues were US$770.2 million, compared to net revenues of US$606.4 million in the same period of the prior year.- Income from operations was US$93.1 million, compared to loss from operations of US$17.4 million in the same period of the prior year.- Non-GAAP income from operations, which excluded share-based compensation expenses, was US$104.0 million, compared to non-GAAP loss from operations of US$1.9 million in the same period of the prior year.- Net income attributable to TAL was US$130.6 million, compared to net income attributable to TAL of US$23.1 million in the same period of the prior year.- Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$141.4 million, compared to non-GAAP net income attributable to TAL of US$38.6 million in the same period of the prior year.- Basic and diluted net income per American Depositary Share ("ADS") were US$0.24 and US$0.23, respectively. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.25. Three ADSs represent one Class A common share.- Cash, cash equivalents and short-term investments totaled US$3,617.4 million as of November 30, 2025, compared to US$3,618.4 million as of February 28, 2025.Highlights for the Nine Months Ended November 30, 2025- Net revenues were US$2,206.5 million, compared to net revenues of US$1,640.0 million in the same period of the prior year.- Income from operations was US$203.6 million, compared to income from operations of US$12.9 million in the same period of the prior year.- Non-GAAP income from operations, which excluded share-based compensation expenses, was US$236.9 million, compared to non-GAAP income from operations of US$63.5 million in the same period of the prior year.- Net income attributable to TAL was US$286.0 million, compared to net income attributable to TAL of US$91.9 million in the same period of the prior year.- Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$319.3 million, compared to non-GAAP net income attributable to TAL of US$142.5 million in the same period of the prior year.- Basic and diluted net income per ADS were US$0.50 and US$0.49, respectively. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.55. Financial Data——Third Quarter and First Nine Months of Fiscal Year 2026(In US$ thousands, except per ADS data and percentages)
Three Months Ended
November 30,
20242025Pct. ChangeNet revenues606,446770,16727.0 %(Loss)/Income from operations(17,432)93,123(634.2 %)Non-GAAP (loss)/income from operations(1,920)103,950(5,514.1 %)Net income attributable to TAL23,069130,595466.1 %Non-GAAP net income attributable to TAL38,581141,422266.6 %Net income per ADS attributable to TAL – basic0.040.24517.6 %Net income per ADS attributable to TAL – diluted0.040.23518.7 %Non-GAAP net income per ADS attributable to TAL – basic0.060.25299.9 %Non-GAAP net income per ADS attributable to TAL – diluted0.060.25300.6 % 
Nine Months Ended
November 30,
20242025Pct. ChangeNet revenues1,639,9942,206,51934.5 %Income from operations12,860203,5661,482.9 %Non-GAAP income from operations63,476236,908273.2 %Net income attributable to TAL91,902285,961211.2 %Non-GAAP net income attributable to TAL142,518319,303124.0 %Net income per ADS attributable to TAL – basic0.150.50226.4 %Net income per ADS attributable to TAL – diluted0.150.49227.3 %Non-GAAP net income per ADS attributable to TAL – basic0.240.55135.0 %Non-GAAP net income per ADS attributable to TAL – diluted0.230.55135.7 %"In the third quarter of fiscal year 2026, our net revenues continued their steady growth trajectory. We remain focused on integrating technology into learning experiences and are dedicated to enhancing our content, products, and services to support students' holistic development." said Alex Peng, TAL's President and Chief Financial Officer.Mr. Peng added, "We will continue to drive forward our strategic initiatives and dynamically allocate resources to build competitive advantages and generate value for our users and society."Financial Results for the Third Quarter of Fiscal Year 2026Net RevenuesIn the third quarter of fiscal year 2026, TAL reported net revenues of US$770.2 million, representing a 27.0% increase from US$606.4 million in the third quarter of fiscal year 2025.Operating Costs and ExpensesIn the third quarter of fiscal year 2026, operating costs and expenses were US$677.0 million, representing an 8.5% increase from US$623.9 million in the third quarter of fiscal year 2025. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$666.2 million, representing a 9.5% increase from US$608.4 million in the third quarter of fiscal year 2025.Cost of revenues increased by 18.0% to US$338.4 million from US$286.7 million in the third quarter of fiscal year 2025. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 18.4% to US$338.0 million, from US$285.4 million in the third quarter of fiscal year 2025.Selling and marketing expenses decreased by 2.8% to US$220.1 million from US$226.4 million in the third quarter of fiscal year 2025. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, decreased by 2.1% to US$217.6 million, from US$222.4 million in the third quarter of fiscal year 2025.General and administrative expenses increased by 7.1% to US$118.6 million from US$110.7 million in the third quarter of fiscal year 2025. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 10.0% to US$110.7 million, from US$100.6 million in the third quarter of fiscal year 2025.Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 30.2% to US$10.8 million in the third quarter of fiscal year 2026 from US$15.5 million in the same period of fiscal year 2025.Gross Profit                                                                                                                                  Gross profit increased by 35.0% to US$431.8 million from US$319.8 million in the third quarter of fiscal year 2025. The gross margin for the third quarter of fiscal year 2026 was 56.1%, compared to 52.7% in the same period of the prior year.(Loss)/Income from OperationsIncome from operations was US$93.1 million in the third quarter of fiscal year 2026, compared to loss from operations of US$17.4 million in the third quarter of fiscal year 2025. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$104.0 million, compared to Non-GAAP loss from operations of US$1.9 million in the same period of the prior year.Other IncomeOther income was US$38.6 million for the third quarter of fiscal year 2026, compared to other income of US$18.2 million in the third quarter of fiscal year 2025.Income Tax Benefit/(Expense)Income tax expense was US$15.3 million in the third quarter of fiscal year 2026, compared to US$3.6 million of income tax benefit in the third quarter of fiscal year 2025.Net Income attributable to TAL Education Group Net income attributable to TAL was US$130.6 million in the third quarter of fiscal year 2026, compared to net income attributable to TAL of US$23.1 million in the third quarter of fiscal year 2025. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$141.4 million, compared to Non-GAAP net income attributable to TAL of US$38.6 million in the third quarter of fiscal year 2025.Basic and Diluted Net Income per ADSBasic and diluted net income per ADS were US$0.24 and US$0.23, respectively, in the third quarter of fiscal year 2026. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.25 in the third quarter of fiscal year 2026.Cash Flow Net cash provided by operating activities for the third quarter of fiscal year 2026 was US$526.7 million.Cash, Cash Equivalents, and Short-Term InvestmentsAs of November 30, 2025, the Company had US$2,146.3 million of cash and cash equivalents and US$1,471.1 million of short-term investments, compared to US$1,771.3 million of cash and cash equivalents and US$1,847.1 million of short-term investments as of February 28, 2025.Deferred RevenueAs of November 30, 2025, the Company's deferred revenue balance was US$1,162.8 million, compared to US$671.2 million as of February 28, 2025.Financial Results for the First Nine Months of Fiscal Year 2026Net RevenuesFor the first nine months of fiscal year 2026, TAL reported net revenues of US$2,206.5 million, representing a 34.5% increase from US$1,640.0 million in the first nine months of fiscal year 2025.Operating Costs and ExpensesIn the first nine months of fiscal year 2026, operating costs and expenses were US$2,003.0 million, representing a 23.1% increase from US$1,627.1 million in the first nine months of fiscal year 2025. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$1,969.6 million, representing a 24.9% increase from US$1,576.5 million in the first nine months of fiscal year 2025.Cost of revenues increased by 27.9% to US$968.3 million from US$757.3 million in the first nine months of fiscal year 2025. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 28.6% to US$966.8 million from US$751.9 million in the first nine months of fiscal year 2025.Selling and marketing expenses increased by 25.9% to US$668.1 million from US$530.8 million in the first nine months of fiscal year 2025. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 27.3% to US$659.7 million from US$518.4 million in the first nine months of fiscal year 2025.General and administrative expenses increased by 8.1% to US$366.6 million from US$339.0 million in the first nine months of fiscal year 2025. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 12.1% to US$343.2 million from US$306.3 million in the first nine months of fiscal year 2025.Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 34.1% to US$33.3 million in the first nine months of fiscal year 2026 from US$50.6 million in the same period of fiscal year 2025.Gross ProfitGross profit increased by 40.3% to US$1,238.2 million from US$882.7 million in the first nine months of fiscal year 2025. The gross margin for the first nine months of fiscal year 2026 was 56.1%, compared to 53.8% in the same period of the prior year.(Loss)/Income from OperationsIncome from operations was US$203.6 million in the first nine months of fiscal year 2026, compared to income from operations of US$12.9 million in the same period of the prior year. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$236.9 million, compared to US$63.5 million Non-GAAP income from operations in the same period of the prior year.Other IncomeOther income was US$115.1 million for the first nine months of fiscal year 2026, compared to other income of US$51.8 million in the same period of the prior year.Impairment Loss on Long-term InvestmentsImpairment loss on long-term investments was US$1.4 million for the first nine months of fiscal year 2026, compared to US$8.7 million for the first nine months of fiscal year 2025.Income Tax Benefit/(Expense)Income tax expense was US$77.5 million in the first nine months of fiscal year 2026, compared to US$24.3 million of income tax expense in the first nine months of fiscal year 2025.Net Income Attributable to TAL Education GroupNet income attributable to TAL was US$286.0 million in the first nine months of fiscal year 2026, compared to net income attributable to TAL of US$91.9 million in the first nine months of fiscal year 2025. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$319.3 million, compared to US$142.5 million Non-GAAP net income attributable to TAL in the same period of the prior year.Basic and Diluted Net Income per ADSBasic and diluted net income per ADS were US$0.50 and US$0.49, respectively, in the first nine months of fiscal year 2026. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.55, in the first nine months of fiscal year 2026.Cash Flow Net cash provided by operating activities for the first nine months of fiscal year 2026 was US$816.4 million.Share RepurchaseOn July 28, 2025, TAL's board of directors authorized a new share repurchase program under which the Company may repurchase up to US$600 million of the Company's common shares over the next 12 months. Between October 30, 2025 and January 28, 2026, the Company has repurchased 844,856 common shares at an aggregate consideration of approximately US$27.7 million.Conference CallThe Company will host a conference call and live webcast to discuss its financial results for the third fiscal quarter of fiscal year 2026 ended November 30, 2025 at 7:00 a.m. Eastern Time on January 29, 2026 (8:00 p.m. Beijing time on January 29, 2026).Please note that you will need to pre-register for conference call participation at https://dpregister.com/sreg/10205339/102f9a80ea5.Upon registration, you will receive an email containing participant dial-in numbers, passcode, and a unique access PIN. 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 https://ir.100tal.com/. Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, TAL Education Group's strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's ability to continue to provide competitive learning services and products; the Company's ability to continue to recruit, train and retain talents; the Company's ability to improve the content of current course offerings and develop new courses; the Company's ability to maintain and enhance its brand; the Company's ability to maintain and continue to improve its teaching results; and the Company's ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company's reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.About TAL Education GroupTAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".About Non-GAAP Financial MeasuresIn 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 cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating costs and expenses, non-GAAP income from operations, non-GAAP net income attributable to TAL, non-GAAP basic and non-GAAP diluted net 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 compensation 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 TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of U.S. dollars)

As ofFebruary 28,
2025
As ofNovember 30,
2025ASSETS






Current assets


   Cash and cash equivalents$ 1,771,260
$ 2,146,309Restricted cash, current187,846
305,144Short-term investments1,847,120
1,471,116Inventory, net104,876
136,952Amounts due from related parties, current37
25   Prepaid expenses and other current assets215,781
252,069Total current assets4,126,920
4,311,615    Restricted cash, non-current32,625
34,148    Property and equipment, net472,366
495,202    Deferred tax assets3,487
1,469    Rental deposits22,131
25,668    Intangible assets, net394
47,169Goodwill155
45,705    Land use rights, net182,880
185,012Amounts due from related parties, non-current96
99Long-term investments305,105
371,948Long-term prepayments and other non-current assets27,844
30,744Operating lease right-of-use assets329,064
370,809Total assets$ 5,503,067
$ 5,919,588



LIABILITIES AND EQUITY






Current liabilities


Accounts payable$ 146,300
$ 161,086Deferred revenue, current624,272
1,110,709Amounts due to related parties, current93
89Accrued expenses and other current liabilities582,227
705,754Operating lease liabilities, current88,453
104,318Total current liabilities1,441,345
2,081,956Deferred revenue, non-current46,955
52,051Deferred tax liabilities3,474
13,907Operating lease liabilities, non-current244,895
273,036Total liabilities1,736,669
2,420,950



Equity


Class A common shares154
156Class B common shares49
49Treasury stock-
(20)Additional paid-in capital4,294,819
3,703,604Statutory reserve179,537
175,957Accumulated deficit(624,078)
(334,537)Accumulated other comprehensive loss(83,914)
(46,207)Total TAL Education Group's equity3,766,567
3,499,002Non-controlling interests(169)
(364)Total equity3,766,398
3,498,638Total liabilities and equity$ 5,503,067
$ 5,919,588



 TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of U.S. dollars, except share, ADS, per share and per ADS data) 

For the Three Months Ended 
November 30,
For the Nine Months EndedNovember 30,
2024
2025
2024
2025Net revenues$ 606,446
$ 770,167
$ 1,639,994
$ 2,206,519Cost of revenues (note 1)286,689
338,361
757,329
968,272Gross profit319,757
431,806
882,665
1,238,247Operating expenses (note 1)






  Selling and marketing226,441
220,063
530,769
668,122  General and administrative(note 2)110,748
118,620
339,036
366,559    Total operating expenses337,189
338,683
869,805
1,034,681(Loss)/income from operations(17,432)
93,123
12,860
203,566Interest income, net21,491
14,330
64,410
47,213Other income18,150
38,591
51,767
115,139Impairment loss on long-term investments -
 -
 (8,692)
 (1,410)Income before income tax benefit/(expense) and loss from
     equity method investments22,209
146,044
120,345
364,508Income tax benefit/(expense)3,582
(15,307)
(24,348)
(77,465)Loss from equity method investments(2,765)
(221)
(4,337)
(1,295)Net income23,026
130,516
91,660
285,748Add: Net loss attributable to noncontrolling interests43
79
242
213Total net income attributable to TAL Education Group$ 23,069
$ 130,595
$ 91,902
$ 285,961Net income per common share






  Basic$ 0.11
$ 0.71
$ 0.46
$ 1.49  Diluted0.11
0.70
0.45
1.47Net income per ADS (note 3)






Basic$ 0.04
$ 0.24
$ 0.15
$ 0.50Diluted0.04
0.23
0.15
0.49







Weighted average shares used in calculating net income       
    per common share






Basic201,905,486
185,057,275
201,746,602
192,315,752Diluted204,949,612
187,521,021
205,093,389
194,991,739







Note1: Share-based compensation expenses are included in the operating costs and expenses as follows:

For the Three Months
Ended November 30,
For the Nine Months
Ended November 30, 

2024
2025
2024
2025Cost of revenues$ 1,271
$ 387
$ 5,426
$ 1,512Selling and marketing expenses4,082
2,477
12,410
8,453General and administrative expenses10,159
7,963
32,780
23,377Total$ 15,512
$ 10,827
$ 50,616
$ 33,342
Note 2: GAAP and non-GAAP general and administrative expenses include government subsidies, which
were separately presented in our historical financial statements. This reclassification has been made to
conform to the presentation for the current period, and such reclassification had no impact on the Group's
previously reported (loss)/income from operations, net income, shareholders' equity, or cash flows.Note 3: Three ADSs represent one Class A common Share. TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME(In thousands of U.S. dollars)

For the Three Months EndedNovember 30,
For the Nine Months EndedNovember 30,
2024
2025
2024
2025







Net income$ 23,026
$ 130,516
$ 91,660
$ 285,748Other comprehensive (loss)/income, net of tax(21,512)
10,383
(4,348)
37,725Comprehensive income1,514
140,899
87,312
323,473Add: Comprehensive (income)/loss attributable to noncontrolling interests(2,308)
75
25
195Comprehensive (loss)/income attributable to TAL Education Group$ (794)
$ 140,974
$ 87,337
$ 323,668 TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands of U.S. dollars)

For the Three Months EndedNovember 30,
For the Nine Months EndedNovember 30,
2024
2025
2024
2025







Net cash provided by operating activities$ 378,038
$ 526,742
$ 624,255
$ 816,432Net cash (used in)/provided by investing activities(214,435)
264,177
(532,739)
300,199Net cash provided by/(used in) financing activities48,731
(88,586)
41,937
(624,575)Effect of exchange rate changes(4,834)
1,859
(2,475)
1,814Net increase in cash, cash equivalents and restricted cash 207,500
704,192
130,978
493,870Cash, cash equivalents and restricted cash at the beginning of period2,380,954
1,781,409
2,457,476
1,991,731Cash, cash equivalents and restricted cash at the end of period$ 2,588,454
$ 2,485,601
$ 2,588,454
$ 2,485,601 TAL EDUCATION GROUPReconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

For the Three Months Ended November 30,
For the Nine Months
Ended November 30,
2024
2025
2024
2025







Cost of revenues$ 286,689
$ 338,361
$ 757,329
$ 968,272Share-based compensation expense in cost of revenues1,271
387
5,426
1,512Non-GAAP cost of revenues285,418
337,974
751,903
966,760







Selling and marketing expenses226,441
220,063
530,769
668,122Share-based compensation expense in selling and marketing expenses4,082
2,477
12,410
8,453Non-GAAP selling and marketing expenses222,359
217,586
518,359
659,669







General and administrative expenses(note 2)110,748
118,620
339,036
366,559Share-based compensation expense in general and administrative expenses10,159
7,963
32,780
23,377Non-GAAP general and administrative expenses(note 2)100,589
110,657
306,256
343,182







Operating costs and expenses623,878
677,044
1,627,134
2,002,953Share-based compensation expense in operating costs and expenses15,512
10,827
50,616
33,342Non-GAAP operating costs and expenses608,366
666,217
1,576,518
1,969,611







(Loss)/income from operations(17,432)
93,123
12,860
203,566Share based compensation expenses15,512
10,827
50,616
33,342Non-GAAP (loss)/income from operations (1,920)
103,950
63,476
236,908







Net income attributable to TAL Education Group23,069
130,595
91,902
285,961Share based compensation expenses15,512
10,827
50,616
33,342Non-GAAP net income attributable to TAL Education Group (note 4)$ 38,581
$ 141,422
$ 142,518
$ 319,303Net income per ADS






Basic$ 0.04
$ 0.24
$ 0.15
$ 0.50Diluted 0.04
0.23
0.15
0.49Non-GAAP net income per ADS






Basic$ 0.06
$ 0.25
$ 0.24
$ 0.55Diluted 0.06
0.25
0.23
0.55ADSs used in calculating net income per ADS






Basic605,716,458
555,171,825
605,239,806
576,947,256Diluted614,848,836
562,563,063
615,280,167
584,975,217ADSs used in calculating Non-GAAP net income per ADS






Basic605,716,458
555,171,825
605,239,806
576,947,256Diluted614,848,836
562,563,063
615,280,167
584,975,217







Note 4: The tax effect of share-based compensation expenses was immaterial in the third quarter and in the first nine months of fiscal year 2026. 



View original content:https://www.prnewswire.com/news-releases/tal-education-group-announces-unaudited-financial-results-for-the-third-fiscal-quarter-ended-november-30-2025-302673755.htmlSOURCE TAL Education Group

Original: TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30, 2025

Trump opens investigations at three California colleges alleging DEI-based discrimination https://aol.com/trump-opens-investigations-three-california-232618705.html $TAL

$9.06 now on this Chynaaaa stock ooooh I wonder if it dumps soon from here.........😏

A small increase is not bad - +0.04

1.91 gap fill soon imo

Back to 1.91 gap 3/15/22

“ In compliance with the Opinion and applicable rules, regulations and measures, the Company plans to cease offering academic subjects to students from kindergarten through grade nine ("K9 Academic AST Services") in the mainland of China by the end of December 2021. The Company expects that the cessation will have a substantial adverse impact on the Company's revenues for the fiscal year ending February 28, 2022 and subsequent periods. In the fiscal year ended February 28, 2021, the revenues from offering K9 Academic AST Services accounted for a substantial majority of the Company's total revenues in the year.”

Contrarian buying into Chinese companies losing most of their revenue to a government crack down, its just so contrarian and hip to do so, I hope these SP go to pennies when they report their significantly decreased earnings, the market is deeming these companies more valuable after losing most of their revenue, explain how that is possible. Insiders buy penny stocks at .10 a share also.

“5:03p ET 11/12/2021 - Benzinga
TAL Education Says Co 'plans to cease offering academic subjects to students from kindergarten through grade nine ("K9 Academic AST Services") in the mainland of China by the end of December 2021.

In compliance with the Opinion and applicable rules, regulations and measures, the Company plans to cease offering academic subjects to students from kindergarten through grade nine ("K9 Academic AST Services") in the mainland of China by the end of December 2021. The Company expects that the cessation will have a substantial adverse impact on the Company's revenues for the fiscal year ending February 28, 2022 and subsequent periods. In the fiscal year ended February 28, 2021, the revenues from offering K9 Academic AST Services accounted for a substantial majority of the Company's total revenues in the year.
”

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.“

Yessir, loaded some sub $3.80’s on that dip!! Now I’m loading $WISH sub $4.30

Nice

“The license rules would allow them to operate after-school tutoring on a nonprofit basis”

“American Depositary Shares evidenced by American Depositary Receipts each American Depositary Share representing one third (1/3) class A common shares of TAL Education Group
200,000,000
American Depositary Shares”

https://ih.advfn.com/stock-market/NYSE/tal-education-TAL/stock-news/86298448/securities-registration-ads-immediate-f-6ef

Not sure if the licenses are to become non profit or not need more info

TAL education
supermegashort squeeze

Next chart opportunity 16 calendar days imo

loaded* some $TAL $4.04, price not even showing on chart lol ?? . Didn’t think my order would fill but it did, went ahead and grabbed some $4.05/4.06/ and a couple $4.07’s. Plan to sell $6+. Trade your plan

LoDed some $TAL $4.04! Let’s go!

Let her fly this week China let’s all make some money sky high open one of these days with major gap to $30 like some of these other stocks on massive news, let’s get that Thursday lots of anticipation take advantage of the opportunity all imo

Big time opportunity for a surge higher if China can indicate that these WONat be non profits, come on China you see the SP op here let it ride and make some money let’s go all imo

Wednesday is the opportunity for 3 month chart reversal from any consolidation Monday/Tuesday imo

Next technical opportunity two weeks from Monday on 6 month chart, unless news occurs and then today would be the day all imo

Wednesday provides best technical opportunity for upturn imo

Price targets $19, $56, $70 when China announces it will back off from nonprofit policy all imo

Rising with the sector each day imo

Continuing to build momentum for surge into the macd for TAL imo

Tal can now begin its sharp 50% chart retracement to $47.00 imo

Chart Opportunity to curve up and increase is now, doing the same thing that eei# and cleu# did prior to those increases from below on the long term macd all imo

Don't forget strike price is $10!

TAL buy 6.00

exhaustion gap with just about all rangebound indicators pegged oversold
earlier high volume suggests anyone who wanted to sell already did
now if the sellers are gone, the only ones left are buyers
already seeing volume higher on up moves with volume lower on retracements after the big gap on the daily chart
buyers are active now accumulating shares
weekly chart has the first green candle after so many rare red candles
weekly volume is green at all time high
this is a good time to pick off the bottom, buy in, and get paid to wait

this one is the opposite of buying a stock at the peak only to later be a bag holder with a big loss


https://finance.yahoo.com/quote/TAL/profile?p=TAL

https://www.barchart.com/stocks/quotes/TAL

https://finviz.com/quote.ashx?t=TAL

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=TAL

https://stockcharts.com/c-sc/sc?chart=TAL,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

https://www.barchart.com/etfs-funds/quotes/TAL/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=TAL&grid=1&height=500&studyheight=100&timeframe=2%20Months




normal chart









log chart









normal chart








log chart

Shoulda gotten this one instead of the other one.

Nice bounce

She’s moving $TAL

On watch for this week as well $TAL

Open my calls print tomorrow morning

Agree it is risky. Hoping for a 10 percent gain tomorrow. Just to swing it.

EDU and TAL look tempting. If the government turns them into "non-profit" see FNMA, then you would be in for a long ride at the bottom. Super risky.

Hoping TAL gives details tomorrow evening about what is happening. Would love more details.

China's EdTech Assault Hits Investors From Tiger to Temasek

Lulu Yilun Chen
Sat, July 24, 2021, 8:20 AM

(Bloomberg) -- Global investors from Tiger Global Management to Temasek Holdings Pte are reeling after China imposed the harshest curbs yet on its $100 billion private tutoring and online education sector.

China on Saturday ordered companies that offer tutoring on the school curriculum to go non-profit, potentially wiping out a big chunk of the billions that private equity and venture capital funds have staked on a once red-hot sector.

The platforms have lost their ability to go public -- depriving their backers of the exits they need to cash out. Foreign capital was banned from the sector, with uncertain ramifications for the likes of Singapore’s Temasek and GIC Pte as well as Warburg Pincus and SoftBank’s Vision Fund, which have all invested in many of the industry’s big players. Those in violation of that rule must take steps to rectify the situation, the country’s most powerful administrative authority said, without elaborating.

Beijing on Saturday published a plethora of regulations that together threaten to upend the sector. The nationwide crackdown stems from a deeper backlash against the industry, as excessive tutoring torments youths and burdens parents with expensive fees. Once regarded as a sure-fire way for aspiring children (and parents) to get ahead, it’s now also viewed as an impediment to one of Xi Jinping’s top priorities: boosting a declining birth rate.

Investors risk having to mark down their portfolio drastically or worse, getting battered in a selloff. On Friday, some of the industry’s biggest names, including New Oriental Education & Technology Group Inc., TAL Education Group, Gaotu Techedu Inc. and Koolearn Technology Holding Ltd. tumbled after details of the impending clampdown surfaced.

TAL Education Group Responds to Media Reports

July 23 2021 - 08:02AM
PR Newswire (US)

BEIJING, July 23, 2021 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today noted that certain English and Chinese language media outlets reported that the PRC regulators are considering a new set of regulations concerning after-school tutoring service related to school subjects taught in China's compulsory education system. The regulations have not been published, and the Company has not received official notification of the regulations. It's the Company's policy not to comment on market speculations.

About TAL Education Group

TAL Education Group is a leading K-12 after-school tutoring services provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. Our tutoring services cover the core academic subjects in China's school curriculum as well as competence oriented programs. The Company's learning center network currently covers 110 cities. We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".