ATA Creativity Global(AACG)Earnings, Financials & Key Ratios

AACG•NASDAQ

$1.19

$19M mkt cap·Price updated May 6, 2026

SectorConsumer Defensive IndustryEducation & Training Sub-IndustryTutoring and Test Preparation

AboutATA Creativity Global, together with its subsidiaries, provides educational services to individual students through its training center network in China and internationally. Its educational services include portfolio training, research-based learning, overseas study counselling, in-school art classes through cooperation with high schools, foreign language training services, junior art education, and other related educational services to its students. The company also offers online courses for students. As of December 31, 2021, it operated through 21 training centers in 20 cities in China. The company was formerly known as ATA Inc. and changed its name to ATA Creativity Global in September 2019. ATA Creativity Global was founded in 1999 and is headquartered in Beijing, China.Show more

Revenue$261M-2.7%
EBITDA-$30M-57.0%
Net Income-$47M-29.5%
EPS (Diluted)-2.94-27.8%
Gross Margin48.6%-7.8%
EBITDA Margin-11.33%-61.4%
Operating Margin-11.33%+29.4%
Net Margin-17.92%-33.1%
ROE-83.72%-123.4%
ROIC-62.41%-48.6%
Debt/Equity1.44+225.0%

Technical→

AACG Key Insights

ATA Creativity Global (AACG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AACG Price & Volume

ATA Creativity Global (AACG) stock price & volume — 10-year historical chart

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AACG Growth Metrics

ATA Creativity Global (AACG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-4.59%

5 Years9.97%

3 Years8.04%

TTM-0.44%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-32.1%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-31.03%

Return on Capital

10 Years-28.69%

5 Years-29.92%

3 Years-32.71%

Last Year-35.56%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
COE51Talk Online Education GroupDirect Competitor	2.51M	26.00	-0.36	86.98%	-13.42%
FEDUFour Seasons Education (Cayman) Inc.Direct Competitor	2.23M	10.50	18.84	100.15%	0.32%	0.16%	0.19
TALTAL Education GroupProduct Competitor	773.5M	11.44	9.08	51.22%	6.45%	4.72%	0.09
EDUNew Oriental Education & Technology Group Inc.Product Competitor	8.96B	56.30	24.48	13.6%	7.37%	9.09%	0.20
DAOYoudao, Inc.Product Competitor	362.86M	11.60		3.56%	1.82%
GOTUGaotu Techedu Inc.Product Competitor	759.78M	1.97	-4.87	55.99%	-6.4%	-21.76%	0.25
IQiQIYI, Inc.Product Competitor	1.19B	1.23	10.89	-8.31%	-1.44%	-2.92%	1.06
BIDUBaidu, Inc.Supply Chain	49.17B	140.59	14.54	-1.09%	6.9%	3.13%	0.28

Compare AACG vs Peers

ATA Creativity Global (AACG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COE

Most directly comparable listed peer for AACG.

Scale Benchmark

vs BIDU

Larger-name benchmark to compare AACG against a more recognizable public peer.

Peer Set

Compare Top 5

vs COE, FEDU, TAL, EDU

AACG Income Statement

ATA Creativity Global (AACG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	7.49M	1.34M	97.77M	162.17M	202.21M	206.82M	221.62M	268.06M	260.81M
Revenue Growth %	-98.41%	-82.14%	7203.96%	65.87%	24.69%	2.28%	7.16%	20.96%	-2.71%
Cost of Goods Sold	4.98M	4.25M	79.35M	104.43M	97.41M	104.32M	106.96M	126.8M	134.05M
COGS % of Revenue	66.52%	317.61%	81.15%	64.39%	48.17%	50.44%	48.26%	47.3%	51.4%
Gross Profit	2.51M▲ 0%	-2.91M▼ 216.1%	18.42M▲ 732.5%	57.74M▲ 213.4%	104.8M▲ 81.5%	102.51M▼ 2.2%	114.66M▲ 11.9%	141.26M▲ 23.2%	126.76M▼ 10.3%
Gross Margin %	33.48%	-217.61%	18.85%	35.61%	51.83%	49.56%	51.74%	52.7%	48.6%
Gross Profit Growth %	-98.92%	-216.1%	732.53%	213.39%	81.49%	-2.19%	11.86%	23.21%	-10.27%
Operating Expenses	91.5M	64.88M	136.2M	165.22M	171.19M	159.09M	156.15M	184.31M	156.31M
OpEx % of Revenue	1221.06%	4846.82%	139.3%	101.88%	84.66%	76.92%	70.46%	68.76%	59.93%
Selling, General & Admin	42.19M	49.08M	116.04M	153.6M	159.41M	152.32M	151.55M	180.78M	153.32M
SG&A % of Revenue	563.03%	3666.39%	118.68%	94.72%	78.83%	73.65%	68.38%	67.44%	58.79%
Research & Development	19.71M	19.59M	11.82M	8.83M	11.8M	6.79M	4.63M	3.7M	2.99M
R&D % of Revenue	263.06%	1463.81%	12.09%	5.45%	5.84%	3.28%	2.09%	1.38%	1.15%
Other Operating Expenses	694.46M	-3.79M	8.34M	2.79M	-22.02K	-16.52K	-30.86K	-175K	7
Operating Income	-59.4M▲ 0%	-67.79M▼ 14.1%	-117.77M▼ 73.7%	-107.48M▲ 8.7%	-66.39M▲ 38.2%	-56.59M▲ 14.8%	-41.5M▲ 26.7%	-43.04M▼ 3.7%	-29.55M▲ 31.3%
Operating Margin %	-792.61%	-5064.42%	-120.46%	-66.28%	-32.83%	-27.36%	-18.72%	-16.06%	-11.33%
Operating Income Growth %	-182.71%	-14.14%	-73.73%	8.74%	38.23%	14.77%	26.67%	-3.73%	31.35%
EBITDA	-47.16M	-54.46M	-100.23M	-77.56M	-43.36M	-34M	-19.51M	-18.82M	-29.55M
EBITDA Margin %	-629.27%	-4068.5%	-102.51%	-47.83%	-21.45%	-16.44%	-8.8%	-7.02%	-11.33%
EBITDA Growth %	-157.44%	-15.49%	-84.04%	22.61%	44.09%	21.6%	42.61%	3.55%	-57.03%
D&A (Non-Cash Add-back)	12.24M	13.33M	17.55M	29.91M	23.03M	22.59M	21.98M	24.23M	0
EBIT	-59.4M	-67.79M	-108.84M	-104.36M	-66.39M	-56.59M	-41.5M	-43.04M	-29.55M
Net Interest Income	-3.91B	2.41M	3.27M	169.78K	0	756.89K	978.53K	1M	12.16M
Interest Income	970.26K	0	3.27M	169.78K	0	756.89K	978.53K	1M	12.16M
Interest Expense	3.91B	2.41M	-	-	0	0	0	0	0
Other Income/Expense	28.69B	-261.52K	-23.49M	-3.38M	28.44M	2.07M	973.65K	544.59K	-20.67M
Pretax Income	-88.02M▲ 0%	-68.06M▲ 22.7%	-141.26M▼ 107.6%	-110.85M▲ 21.5%	-37.95M▲ 65.8%	-54.52M▼ 43.7%	-40.52M▲ 25.7%	-42.5M▼ 4.9%	-50.22M▼ 18.2%
Pretax Margin %	-1174.63%	-5084.55%	-144.48%	-68.36%	-18.77%	-26.36%	-18.28%	-15.85%	-19.26%
Income Tax	19.92M	-922.98M	-7.15M	-10.27M	-1.54M	-5.92M	-6.81M	-6.4M	-3.48M
Effective Tax Rate %	-22.63%	1356.1%	5.06%	9.26%	4.06%	10.86%	16.81%	15.06%	6.93%
Net Income	-114M▲ 0%	854.92M▲ 850.0%	-122.25M▼ 114.3%	-92.2M▲ 24.6%	-33.65M▲ 63.5%	-47.89M▼ 42.3%	-33.66M▲ 29.7%	-36.1M▼ 7.2%	-46.74M▼ 29.5%
Net Margin %	-1521.25%	63866.96%	-125.04%	-56.85%	-16.64%	-23.16%	-15.19%	-13.47%	-17.92%
Net Income Growth %	-1073.29%	849.95%	-114.3%	24.58%	63.5%	-42.33%	29.72%	-7.24%	-29.48%
Net Income (Continuing)	-107.94M	-68.05M	-134.11M	-100.58M	-36.41M	-48.59M	-33.71M	-36.1M	-46.74M
Discontinued Operations	82.44M	918.67M	4.89M	0	0	0	0	0	0
Minority Interest	36.65M	39.58M	7.23M	49.34M	3.13M	414.86K	-64.16K	-64.26K	-64.33K
EPS (Diluted)	-9.96▲ 0%	73.00▲ 832.9%	-10.52▼ 114.4%	-6.28▲ 40.3%	-2.30▲ 63.4%	-3.04▼ 32.2%	-2.16▲ 28.9%	-2.30▼ 6.5%	-2.94▼ 27.8%
EPS Growth %	-1085.71%	832.93%	-114.41%	40.3%	63.38%	-32.17%	28.95%	-6.48%	-27.83%
EPS (Basic)	-9.96	74.68	-10.54	-6.28	-2.30	-3.06	-2.16	-2.30	-2.94
Diluted Shares Outstanding	11.45M	11.71M	12.73M	15.67M	15.69M	15.75M	15.58M	15.75M	15.85M
Basic Shares Outstanding	11.45M	11.45M	12.71M	15.67M	15.69M	15.69M	15.58M	15.75M	15.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

AACG Balance Sheet

ATA Creativity Global (AACG) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	366.82M	213.39M	26.35M	120.94M	75.41M	65.26M	70.44M	66.64M	111.44M
Cash & Short-Term Investments	53.48M	190.59M	22.14M	112.72M	71.34M	54.98M	60.17M	36.52M	85.29M
Cash Only	53.48M	190.59M	22.14M	112.72M	71.34M	54.98M	60.17M	36.52M	85.29M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	52.91K	439.78K	3.03M	2.25M	1.09M	5.85M	4.5M	17.89M	298.56K
Days Sales Outstanding	2.58	119.92	11.33	5.05	1.97	10.33	7.41	24.36	0.42
Inventory	0	-413.39K	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	310.01M	22.37M	1.18M	5.97M	1.98M	3.77M	3.09M	2.2M	25.85M
Total Non-Current Assets	201.63M	121.74M	70.71M	454.68M	431.77M	409.2M	378.49M	390.29M	297.12M
Property, Plant & Equipment	42.3M	37.43M	11.9M	79.9M	78.92M	70.38M	53.63M	74.61M	62.82M
Fixed Asset Turnover	0.18x	0.04x	8.22x	2.03x	2.56x	2.94x	4.13x	3.59x	4.15x
Goodwill	32.52M	0	28.78M	194.75M	194.75M	196.29M	196.29M	196.29M	162.48M
Intangible Assets	5.75M	17.12M	19.47M	110.59M	93.35M	76.12M	58.89M	46.24M	32.5M
Long-Term Investments	70.02M	66.38M	6.56M	44M	38M	38M	38M	38M	0
Other Non-Current Assets	51.03M	799.65K	2.35M	22.95M	26.74M	28.42M	31.69M	35.16M	39.31M
Total Assets	568.44M▲ 0%	335.13M▼ 41.0%	97.06M▼ 71.0%	575.62M▲ 493.1%	507.18M▼ 11.9%	474.46M▼ 6.4%	448.94M▼ 5.4%	456.93M▲ 1.8%	408.56M▼ 10.6%
Asset Turnover	0.01x	0.00x	1.01x	0.28x	0.40x	0.44x	0.49x	0.59x	0.64x
Asset Growth %	9.35%	-41.04%	-71.04%	493.06%	-11.89%	-6.45%	-5.38%	1.78%	-10.59%
Total Current Liabilities	141.77M	19.75M	38.02M	274.88M	267.98M	292.54M	314.4M	354.5M	344.8M
Accounts Payable	-2.11B	0	0	0	0	0	0	0	0
Days Payables Outstanding	-	-	-	-	-	-	-	-	-
Short-Term Debt	3.45M	0	3.67M	6.8M	0	0	0	0	16.31M
Deferred Revenue (Current)	2.11B	1.63M	24.68M	199.45M	202.45M	219.72M	0	280.04M	271.95M
Other Current Liabilities	127.93M	7.62M	6.3M	23.2M	23.4M	29.44M	280.29M	33.95M	56.53M
Current Ratio	2.59x	10.81x	0.69x	0.44x	0.28x	0.22x	0.22x	0.19x	0.32x
Quick Ratio	2.59x	10.83x	0.69x	0.44x	0.28x	0.22x	0.22x	0.19x	0.32x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities	25.3B	1.63M	8.72M	52.99M	48.3M	38.41M	21.56M	22.79M	31.76M
Long-Term Debt	0	0	0	0	0	0	0	0	15.04M
Capital Lease Obligations	0	0	1.79M	24.01M	23.37M	19.53M	9.5M	17.12M	14.63M
Deferred Tax Liabilities	22.8B	0	6.93M	28.99M	24.93M	18.88M	12.07M	5.67M	2.09M
Other Non-Current Liabilities	669.65M	0	0	0	0	18.88M	12.07M	0	7
Total Liabilities	141.77M	19.75M	46.74M	327.87M	316.28M	330.95M	335.97M	377.28M	376.55M
Total Debt	3.45M	0	5.46M	47.78M	40.72M	36.45M	22.61M	35.21M	45.98M
Net Debt	-50.03M	-190.59M	-16.67M	-64.94M	-30.62M	-18.53M	-37.56M	-1.32M	-39.31M
Debt / Equity	0.01x	-	0.11x	0.19x	0.21x	0.25x	0.20x	0.44x	1.44x
Debt / EBITDA	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-
Interest Coverage	-0.02x	-28.14x	-	-	-	-	-	-	-
Total Equity	401.38M▲ 0%	315.38M▼ 21.4%	50.32M▼ 84.0%	247.75M▲ 392.3%	190.9M▼ 22.9%	143.51M▼ 24.8%	112.97M▼ 21.3%	79.65M▼ 29.5%	32M▼ 59.8%
Equity Growth %	2.27%	-21.42%	-84.04%	392.32%	-22.95%	-24.82%	-21.28%	-29.5%	-59.82%
Book Value per Share	35.04	26.93	3.95	15.82	12.17	9.11	7.25	5.06	2.02
Total Shareholders' Equity	364.73M	275.81M	43.09M	198.4M	187.77M	143.1M	113.04M	79.71M	32.07M
Common Stock	3.53M	3.53M	673.63K	4.72M	4.72M	4.72M	4.73M	4.76M	4.78M
Retained Earnings	25.88M	-71.9M	-28.73M	-298.53M	-310.16M	-358.05M	-391.71M	-427.81M	-476.16M
Treasury Stock	-27.74M	-27.74M	-3.98M	-11.63M	-9.82M	-8.63M	-8.2M	-8.2M	-8.21M
Accumulated OCI	-26.85M	-38.29M	-5.38M	-37.42M	-37.56M	-37M	-37M	-36.95M	-37.47M
Minority Interest	36.65M	39.58M	7.23M	49.34M	3.13M	414.86K	-64.16K	-64.26K	-64.33K

AACG Cash Flow Statement

ATA Creativity Global (AACG) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	127.47M	-312.63M	-57.88M	-27.87M	-31.83M	-14.61M	8.75M	-3.35M	-15.84M
Operating CF Margin %	1701.1%	-23354.86%	-59.2%	-17.19%	-15.74%	-7.07%	3.95%	-1.25%	-6.07%
Operating CF Growth %	107.12%	-345.25%	81.49%	51.84%	-14.21%	54.09%	159.88%	-138.22%	-373.51%
Net Income	-24.06M	850.6M	-129.22M	-100.58M	-36.41M	-48.59M	-33.66M	-36.1M	-48.05M
Depreciation & Amortization	12.24M	13.33M	17.55M	29.91M	23.03M	22.59M	21.98M	24.23M	21.5M
Stock-Based Compensation	19.01M	20.59M	4.81M	1.78M	1.04M	1.46M	3.07M	2.81M	569.71K
Deferred Taxes	22.92B	-25.97M	-8.05M	-10.28M	-1.56M	-6.05M	-6.81M	-6.4M	-3.58M
Other Non-Cash Items	104.55M	-1.12B	48.23M	13.66M	-27.3M	-1.31M	-53.41K	378K	23.77M
Working Capital Changes	15.74M	-51.92M	8.81M	37.65M	9.38M	17.29M	24.23M	11.74M	-10.05M
Change in Receivables	-60.41M	41.13M	225.19K	-2.03M	1.25M	-4.91M	3.62M	-477K	2.41M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0
Cash from Investing	-27.47M	1.2B	-36.95M	-19.09M	-10.03M	-2.49M	-3.97M	-20.26M	48.71M
Capital Expenditures	-6.61M	-9.36M	-1.28M	-4.91M	-4.45M	-1.62M	-2.24M	-20.02M	-1.28M
CapEx % of Revenue	88.2%	698.91%	1.31%	3.03%	2.2%	0.78%	1.01%	7.47%	0.49%
Acquisitions	-860.66K	1.72M	-34.55M	-14.22M	-5.6M	-877.77K	-1.74M	-288K	49.93M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-20M	1.21B	4.89M	37.44K	22.49K	6.01K	14.85K	56K	53.82K
Cash from Financing	-93.53M	-949.89M	57.57M	6.3M	827.52K	188.21K	403.44K	-93.7K	16.34M
Debt Issued (Net)	0	-2.99M	0	1.81M	710K	0	0	0	16.03M
Equity Issued (Net)	-251.54K	-1.73M	61.69M	-4.04M	-114.73K	-30.73K	-68.33K	-93.7K	366.69K
Dividends Paid	-87.6M	-946.61M	0	0	0	0	0	0	0
Share Repurchases	-251.54K	-1.73M	0	-4M	-114.73K	-30.73K	-68.33K	-93.7K	0
Other Financing	-5.68M	1.43M	-4.13M	8.53M	232.25K	218.94K	471.76K	0	-57.58K
Net Change in Cash	4.78M▲ 0%	-65.5M▼ 1470.2%	-36.39M▲ 44.4%	-41.47M▼ 14.0%	-41.38M▲ 0.2%	-16.36M▲ 60.5%	5.19M▲ 131.7%	-23.64M▼ 555.8%	48.71M▲ 306.0%
Free Cash Flow	120.86M▲ 0%	-321.98M▼ 366.4%	-59.16M▲ 81.6%	-32.78M▲ 44.6%	-36.29M▼ 10.7%	-16.23M▲ 55.3%	6.51M▲ 140.1%	-23.37M▼ 458.9%	-17.12M▲ 26.7%
FCF Margin %	1612.9%	-24053.77%	-60.51%	-20.22%	-17.94%	-7.85%	2.94%	-8.72%	-6.56%
FCF Growth %	134.18%	-366.4%	81.63%	44.59%	-10.68%	55.27%	140.11%	-458.91%	26.74%
FCF per Share	10.55	-27.49	-4.65	-2.09	-2.31	-1.03	0.42	-1.48	-1.08
FCF Conversion (FCF/Net Income)	-1.12x	-0.37x	0.47x	0.30x	0.95x	0.31x	-0.26x	0.09x	0.34x
Interest Paid	0	249.68K	231.72K	208.22K	25.28K	0	0	0	398.58K
Taxes Paid	0	232.4M	209.7K	114K	154.38K	28.32K	20.43K	0	0

AACG Key Ratios

ATA Creativity Global (AACG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-2.47%	-28.72%	238.55%	-66.86%	-61.86%	-15.34%	-28.64%	-26.25%	-37.48%	-83.72%
Return on Invested Capital (ROIC)	33.66%	-16.98%	-21.36%	-111.49%	-74.48%	-29.03%	-29.76%	-31.06%	-42%	-62.41%
Gross Margin	49.23%	33.48%	-217.61%	18.85%	35.61%	51.83%	49.56%	51.74%	52.7%	48.6%
Net Margin	-2.06%	-1521.25%	63866.96%	-125.04%	-56.85%	-16.64%	-23.16%	-15.19%	-13.47%	-17.92%
Debt / Equity	0.01x	0.01x	-	0.11x	0.19x	0.21x	0.25x	0.20x	0.44x	1.44x
Interest Coverage	-748.23x	-0.02x	-28.14x	-	-	-	-	-	-	-
FCF Conversion	-6.33x	-1.12x	-0.37x	0.47x	0.30x	0.95x	0.31x	-0.26x	0.09x	0.34x
Revenue Growth	13.24%	-98.41%	-82.14%	7203.96%	65.87%	24.69%	2.28%	7.16%	20.96%	-2.71%

AACG Frequently Asked Questions

ATA Creativity Global (AACG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

ATA Creativity Global (AACG) reported $266.9M in revenue for fiscal year 2025. This represents a 287% increase from $69.0M in 2005.

ATA Creativity Global (AACG) saw revenue decline by 2.7% over the past year.

ATA Creativity Global (AACG) reported a net loss of $47.7M for fiscal year 2025.

Dividend & Returns

ATA Creativity Global (AACG) has a return on equity (ROE) of -83.7%. Negative ROE indicates the company is unprofitable.

ATA Creativity Global (AACG) generated $5.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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