The company maintains a conservative debt-to-equity ratio of 0.47 as of 2025Q4, supported by a significant $2.6 billion deferred revenue buffer.
| Total Current Assets | 3.98B | 3.64B | 3.59B | 4.17B | 3.94B | 8.46B | 1.81B | 280.8M | 52.34M |
| Cash & Short-Term Investments | 3.42B | 3.17B | 2.89B | 3.74B | 3.5B | 7.69B | 1.55B | 231.25M | 27.27M |
| Cash Only | 712.48M | 1.32B | 636.05M | 819.91M | 728.93M | 355.22M | 73.97M | 33.26M | 19.29M |
| Short-Term Investments | 2.71B | 1.85B | 2.25B | 2.92B | 2.77B | 7.33B | 1.47B | 197.99M | 7.97M |
| Accounts Receivable | 228.37M | 148.46M | 71.7M | 24.55M | 49.97M | 11.6M | 26.57M | 25.06M | 20.4M |
| Days Sales Outstanding | 13.56 | 11.9 | 8.84 | 3.59 | 2.78 | 0.59 | 4.59 | 23.02 | 76.31 |
| Inventory | 54.98M | 36.4M | 24.6M | 22.78M | 15.6M | 48.07M | 8.82M | 23.21M | 0 |
| Days Inventory Outstanding | 10.03 | 9.13 | 11.36 | 11.86 | 2.37 | 9.96 | 6.01 | 59.35 | - |
| Other Current Assets | 276.73M | 10.83M | 522.37M | 201.99M | 277.38M | 368.54M | 113.15M | 6.19M | 0 |
| Total Non-Current Assets | 2.22B | 2.19B | 1.83B | 709.7M | 1.09B | 2.23B | 1.59B | 57.4M | 50.87M |
| Property, Plant & Equipment | 1.49B | 1.17B | 723.19M | 635.7M | 1.03B | 1.51B | 346.77M | 16.78M | 7.14M |
| Fixed Asset Turnover | 4.13x | 3.88x | 4.09x | 3.93x | 6.35x | 4.72x | 6.10x | 23.68x | 13.66x |
| Goodwill | 11.06M | 331K | 331K | 331K | 331K | 43.63M | 331K | 331K | 0 |
| Intangible Assets | 120.49M | 43.75M | 42.8M | 46.3M | 28.25M | 42.2M | 100K | 237K | 20.4M |
| Long-Term Investments | 551.99M | 922.74M | 1.03B | 0 | 0 | 530.73M | 1.19B | 5.22M | 7.6M |
| Other Non-Current Assets | 50.23M | 47.61M | 30.65M | 11.69M | 25.41M | 52.73M | 19.43M | 3.57M | 116K |
| Total Assets | 6.2B | 5.83B | 5.41B | 4.88B | 5.02B | 10.69B | 3.39B | 338.2M | 103.21M |
| Asset Turnover | 0.99x | 0.78x | 0.55x | 0.51x | 1.31x | 0.67x | 0.62x | 1.17x | 0.95x |
| Asset Growth % | 6.44% | 7.66% | 11.02% | -2.96% | -52.98% | 214.79% | 903.7% | 227.67% | - |
| Total Current Liabilities | 4.25B | 3.26B | 1.97B | 1.61B | 1.76B | 4.2B | 1.64B | 355.91M | 155.01M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 100M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.29B | 0 | 0 | 906.91M | 986.99M | 2.72B | 1.33B | 263.33M | 45.82M |
| Other Current Liabilities | 1.72B | 2B | 704.41M | 61.68M | 84.86M | 126.7M | 61.44M | 244.15M | 32.04M |
| Current Ratio | 0.94x | 1.12x | 1.82x | 2.59x | 2.24x | 2.01x | 1.10x | 0.79x | 0.34x |
| Quick Ratio | 0.92x | 1.11x | 1.81x | 2.57x | 2.23x | 2.00x | 1.10x | 0.72x | 0.34x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 700.9M | 634.01M | 333.76M | 171.12M | 383.46M | 758.54M | 199.93M | 474.83M | 427.62M |
| Long-Term Debt | 31.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 316.9M | 344.61M | 137.65M | 44.2M | 276.04M | 644.14M | 194.23M | 0 | 0 |
| Deferred Tax Liabilities | 75.3M | 70.6M | 71.97M | 74.51M | 71.62M | 78.7M | 25K | 59K | 0 |
| Other Non-Current Liabilities | 7 | 0 | 0 | 0 | 26.58M | 26.58M | 0 | 466.06M | 427.13M |
| Total Liabilities | 4.95B | 3.89B | 2.31B | 1.78B | 2.14B | 4.96B | 1.84B | 830.74M | 582.63M |
| Total Debt | 585.67M | 492.24M | 188.15M | 82.52M | 356.05M | 796.76M | 254.21M | 0 | 0 |
| Net Debt | -126.81M | -828.87M | -447.91M | -737.39M | -372.89M | 441.54M | 180.24M | -33.26M | -19.29M |
| Debt / Equity | 0.47x | 0.25x | 0.06x | 0.03x | 0.12x | 0.14x | 0.16x | - | - |
| Debt / EBITDA | - | - | - | - | - | - | 1.12x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | 0.79x | -1.42x | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.25B | 1.93B | 3.11B | 3.1B | 2.88B | 5.73B | 1.56B | -492.54M | -479.42M |
| Equity Growth % | -35.11% | -37.76% | 0.34% | 7.46% | -49.72% | 267.92% | 416.19% | -2.74% | - |
| Book Value per Share | 3.42 | 5.01 | 8.03 | 7.82 | 7.50 | 15.94 | 4.96 | -1.38 | -1.34 |
| Total Shareholders' Equity | 1.25B | 1.93B | 3.11B | 3.1B | 2.88B | 5.73B | 1.56B | -492.54M | -479.42M |
| Common Stock | 116.07K | 116K | 116K | 115K | 114K | 113K | 106K | 60K | 60K |
| Retained Earnings | -6.21B | -5.81B | -4.81B | -4.8B | -4.81B | -1.71B | -272.9M | -493.76M | -480.4M |
| Treasury Stock | -496.45M | -242.87M | -85.18M | 0 | 0 | -139.57M | -86.74M | 0 | 0 |
| Accumulated OCI | 17.98M | -2.83M | 17.02M | -23.68M | -102.73M | -19.52M | 17.83M | 1.17M | 925K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regulatory and Traffic Costs
As reported in recent financial statements, GOTU's total assets grew to $6.2 billion by 2025Q4, reflecting a significant expansion from the $4.9 billion recorded in 2023Q3, primarily driven by the accumulation of cash and the scaling of property, plant, and equipment to support new service verticals.
The trajectory of the balance sheet suggests a company aggressively reinvesting in its infrastructure to facilitate its pivot toward vocational and non-academic education. While asset growth is evident, the persistent accumulation of negative retained earnings, now at -$6.2 billion, indicates that this expansion is being funded by external capital or operational cash inflows rather than organic profitability.
Based on the company's reported figures, GOTU maintains a conservative debt-to-equity ratio of 0.47 as of 2025Q4, which, while elevated from the 0.04 level seen in 2023Q3, suggests that management is utilizing debt sparingly to fund its ongoing operational transition and hardware-related capital expenditures.
The increase in total debt to $585.7 million appears to be a strategic choice to maintain liquidity during a period of high marketing spend. Investors should monitor whether this leverage remains manageable if the company's operating margins fail to turn positive in the coming fiscal periods.
According to recent SEC filings, GOTU's liquidity is heavily supported by a deferred revenue balance of $2.6 billion, which provides a critical cash buffer despite the company's current ratio declining to 0.94 in 2025Q4 from the more robust 2.38 observed in 2023Q3.
The reliance on deferred revenue as a primary liquidity source implies that the company's ability to meet short-term obligations is intrinsically tied to its ability to continue enrolling students and collecting prepayments. A contraction in this balance could rapidly tighten the company's working capital position, warranting close observation of enrollment trends.
As indicated by the company's balance sheet, the staggering $6.2 billion in accumulated negative retained earnings serves as a stark reminder of the historical value destruction, which potentially obscures the current operational health of the firm's newly pivoted business model from a purely equity-based perspective.
This massive deficit suggests that the company's book value is heavily influenced by past regulatory-driven impairments rather than current operational performance. Investors should be cautious, as this accounting legacy may lead to a disconnect between the company's market valuation and its underlying tangible asset base.
Quick answers to the most common questions about buying GOTU stock.
As of 2025, Gaotu Techedu Inc. (GOTU) had total assets of $6.20B including $3.98B in current assets.
Gaotu Techedu Inc. (GOTU) carries total debt of $585.7M, offset by $3.42B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Gaotu Techedu Inc. (GOTU) has total shareholders' equity (book value) of $1.25B ($3.42 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Gaotu Techedu Inc. (GOTU) reported a current ratio of 0.94x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.