AACG Nasdaq Earnings call
ATA Creativity Global (AACG) · Q4 2025 results
Share price: $0.84 · 2026-11-11
Results Q4 2025 vs Q3 2025 · previous quarter · published 25 Mar 2026 and 12 Nov 2025
Net income turned to a loss from a profit last quarter. Management sounded cautious, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Turned loss
Net income vs Q3 2025
Net income -26.3M vs 332.9K
Revenue +842.7%
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: cautious, in line with the script.
Similar to last call.
3 · What stood out
Figure
Excluding the one-time goodwill impairment charge, total operating expenses decreased by 15.7% from the fourth quarter of 2024 to the fourth quarter…
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: figures reported in CNY, the price in USD (no currency conversion yet).
Current price
$0.84
close of 2026-11-11
Revenue growth, 3 years
+9.0% a year
compound annual rate (CAGR)
Free cash flow 2023
0.0B CNY
Free cash flow 2024
−0.0B CNY
Free cash flow 2025
−0.0B CNY
Read between the lines
-
Dropped
AACG expanded its research-based learning and overseas study counseling services to cater to a growing student population with an expanded age group and diverse demographics.
Source quote
“past quarters, in addition to our intentional efforts that led to project-based portfolio training service accounting for the majority of our credit... At the same time, we focused on expanding our research-based learning and overseas study counseling services, catering to a growing student population with an expanded age group and diverse...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q4 2025. Ring: Q3 2025.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Excluding the onetime goodwill impairment charge and collection of prior impaired loans and other receivables, total operating expense decreased by 10.8% from full year 2024 and as a percentage of...”
“Excluding the onetime goodwill impairment charge, total operating expenses decreased by 15.7% from fourth quarter 2024 and as a percentage of net revenues, decreased to 44.2% during fourth quarter 2025...”
“On one hand, we believe our competitive advantages are rooted in our skilled and highly experienced teaching team, our strong portfolio of high-quality existing and new offerings as well as...”
Full figures
CNY · SEC EDGAR XBRL (10-Q, period end 2025-12-31)
| Metric | Q4 2025period end 2025-12-31 | Q3 2025period end 2025-09-30 | Change | Q4 2024 | YoY |
|---|---|---|---|---|---|
| Revenue | 89.1M | 9.5M | +842.7% | 100.9M | −11.7% |
| Gross profit | 50.2M | 3.7M | +1256.1% | 63.7M | −21.1% |
| Operating income | -23.0M | -1.5M | Loss widened | 17.0M | Turned loss |
| Net income | -26.3M | 332.9K | Turned loss | 13.2M | Turned loss |
| EPS | -0.42 | 0.01 | Turned loss | 0.21 | Turned loss |
| P/E | — | — | — | — | — |
Topics
Most discussed now
- New To that end, ATA Creativity Global is optimizing its service portfolio and enhancing classroom utilization by expanding online course…
- New On one hand, ATA Creativity Global believes its competitive advantages are rooted in its skilled and highly experienced teaching team, its…
- In fourth quarter 2025 due to cost saving initiatives, ATA Creativity Global has been implementing and resulting streamlined operations…
- As ATA Creativity Global has discussed in previous quarters, 2025 overall student demand normalized following the [ surge ] of student…
- Revenues from research-based learning and other educational services increased year-over-year, primarily as ATA Creativity Global hosted…
Faded since Q3 2025
- Fading ATA Creativity Global reported relatively stable net revenue for third quarter 2025 while for 9 months 2025, it delivered revenue growth…
- Fading These experiential projects included recruiting and new ones from online Master Classes to ATA Creativity Global's U.S.
- Fading Project-based program credit hours delivered increased by 22.9% compared to third quarter 2024 and contributed to over 80% of total...
- Fading In the meantime, ACG has been exploring initiatives to improve overall operating efficiency, highlighted by ATA Creativity Global's efforts…