STG PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

STG ▲ +38.55% at T+5d

SHORT call ✗ call lost -38.55% · α vs SPY -37.33% · entry $2.75 → $3.81

Next anchor: T+20d in 14d

Last close $3.05 (close Jun 8) · -10.91% from $2.75 entry (call sign-flipped)

Entry anchored
May 26, 2026
via day open

T+1d

0.00%

call 0.00% · α +0.01%

$2.75

settled 14d ago

T+5d

+38.55%

call -38.55% · α -37.33%

$3.81

settled 8d ago

T+20d

—

call — · α —

—

in 14d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Sunlands reported Q1 2026 net revenues of RMB440.7M ($63.9M), down 9.6% YoY, while net income rose slightly to RMB76.8M ($11.1M) from RMB75.2M a year ago. The company guided Q2 2026 revenue down 20-24% YoY to RMB410-430M, signaling accelerating top-line pressure despite 20 consecutive profitable quarters.

Key Financial Metrics

Guidance

RMB410M-RMB430M

lowered

Gross Margin

86.5%

Actionable Insight

The 20-24% YoY revenue decline guidance for Q2 signals accelerating top-line erosion, likely driven by weak demand and competitive pressure in China's adult education market. Monitor next quarter's gross billings and enrollment trends for confirmation of structural decline; the stock's $36M market cap leaves limited downside cushion.

Key Facts

Q1 2026 net revenues fell 9.6% YoY to RMB440.7M ($63.9M) from RMB487.6M
Net income was RMB76.8M ($11.1M), essentially flat vs RMB75.2M YoY
New student enrollments plunged 39.6% YoY to 102,127 from 169,083
Gross billings (non-GAAP) dropped 26.1% YoY to RMB304.8M from RMB412.3M
Q2 2026 revenue guidance of RMB410-430M implies a 20.2-23.9% YoY decline
Deferred revenue balance fell to RMB500.5M from RMB585.3M at year-end 2025
Selling expenses declined 19.5% YoY, the largest single-quarter reduction in recent years
Cash, equivalents and short-term investments totaled ~RMB783M ($113.5M) as of March 31, 2026

Financial Impact

Revenue decline of 9.6% YoY in Q1; guided Q2 decline of 20-24% YoY

revenuenew student enrollmentsgross billingsdeferred revenue

Risk Factors

Continued revenue contraction with no near-term catalyst for reversal
Deferred revenue runoff (down 14.5% from year-end) reduces future revenue visibility
New student enrollments down 40% YoY — core demand weakness
China regulatory risk in education sector remains elevated

Market Snapshot

Exchange

NYSE

Sector

Services-Educational Services

Analyst Consensus

0% bullish (8 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3300823

9 reports for STG

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for STG — sortable, filterable
	Type				Now
May 29, 2026 11d ago	6-K MIXED ★ 6/10	$6.14 $3.39	▼ −44.79%	▼ −44.50%	$3.05 (−50.33%)
May 29, 2026 11d ago	Press Release NEUTRAL ★ 4/10	$6.14 $3.47	▼ −43.49%	▼ −40.96%	$3.05 (−50.33%)
May 26, 2026 14d ago	6-K BEARISH ★ 6/10	$2.75 $3.81	▼ −38.55%	▼ −37.33%	$3.05 (−10.91%)
May 26, 2026 14d ago	Press Release BEARISH ★ 6/10	$2.75 $3.81	▼ −38.55%	▼ −37.33%	$3.05 (−10.91%)
May 11, 2026 29d ago	Press Release NEUTRAL ★ 2/10	$3.22 $3.03	▼ −5.90%	▼ −5.82%	$3.05 (−5.28%)
Apr 24, 2026 6w ago	Press Release NEUTRAL ★ 3/10	$3.37 $3.22	▼ −4.56%	▼ −5.47%	$3.05 (−9.60%)
Apr 24, 2026 6w ago	20-F MIXED ★ 5/10	$3.37 $3.22	▼ −4.56%	▼ −5.47%	$3.05 (−9.60%)
Mar 19, 2026 11w ago	Press Release BEARISH ★ 6/10	$4.62 $3.80	▲ +17.75%	▲ +15.54%	$3.05 (+33.98%)
Mar 3, 2026 14w ago	Press Release NEUTRAL ★ 3/10	$4.64 $4.50	▼ −3.02%	▼ −2.54%	$3.05 (−34.27%)

US Market Status

Market Closed — Opens in 5h 50m

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