AACG

MKT CAP:$20M

ATA Creativity Global

Market Cap

$20M

Consumer Defensive·Education & Training Services·🇨🇳 China·NASDAQ

Consumer Def.·Education·🇨🇳·NASDAQ

Stock Price

$1.11+$0.31 (+39.36%)

Apr 22, 2026

Company Details

ATA 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-base...

CEO

Xiaofeng Ma

IPO Date

Jan 29, 2008

Website

www.atai.net.cn

Key Metrics TTM

Revenue

$41M

+15.2% YoY

Net Income

-$4M

EPS (Diluted)

-$0.24

Free Cash Flow

$0

Revenue / Share

$2.58

Gross Margin

52.7%

Operating Margin

-11.1%

Net Margin

-9.1%

FCF Margin

0.0%

P/S

0.5x

P/E

—

Earnings Reports

Q3 2025

May 7, 2026

PENDING

Q2 2025

Aug 6, 2025

$8M+8.0%EPS -$0.10

Q1 2025

May 16, 2025

$8M+15.9%EPS -$0.12

FY 2024

Apr 10, 2025

$39M+21.0%EPS -$0.34

Q4 2024

Apr 10, 2025

$15M+20.7%EPS $0.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$8M	$4M	-$3M
Q4 21	$11M	$7M	$419.2K
Q1 22	$6M	$3M	-$3M
Q2 22	$5M	$2M	-$4M
Q3 22	$8M	$3M	-$2M
Q4 22	$11M	$7M	$715.5K
Q1 23	$6M	$3M	-$3M
Q2 23	$5M	$2M	-$3M
Q3 23	$9M	$4M	-$1M
Q4 23	$12M	$8M	$1M
Q1 24	$7M	$3M	-$3M
Q2 24	$8M	$4M	-$3M
Q3 24	$10M	$4M	-$3M
Q4 24	$15M	$9M	$2M
Q1 25	$8M	$4M	-$2M
Q2 25	$8M	$4M	-$2M

Valuation

Quarter	P/S	P/E
Q3 21	1.3x	—
Q4 21	0.6x	—
Q1 22	0.7x	—
Q2 22	0.6x	—
Q3 22	1.0x	—
Q4 22	0.7x	—
Q1 23	1.0x	—
Q2 23	0.7x	—
Q3 23	0.5x	—
Q4 23	0.5x	—
Q1 24	0.5x	—
Q2 24	0.4x	—
Q3 24	0.3x	—
Q4 24	0.3x	—
Q1 25	0.4x	—
Q2 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$45.0K	$45.0K
Q4 21	-$31.8B	-$31.8B
Q1 22	$34.3K	$34.3K
Q2 22	$73.7K	$73.7K
Q3 22	$53.4K	$53.4K
Q4 22	-$14.6B	-$14.6B
Q1 23	$80.8K	$80.8K
Q2 23	$96.1K	$96.1K
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q3 21	$0
Q4 21	$167.3K
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$167.3K
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+31.0%	+31.9%
Q4 21	+19.3%	-19.7%
Q1 22	+12.1%	+0.2%
Q2 22	-7.4%	-0.2%
Q3 22	-5.8%	-11.8%
Q4 22	+8.2%	+5.7%
Q1 23	+0.4%	+4.5%
Q2 23	+6.5%	-4.7%
Q3 23	+14.1%	-1.5%
Q4 23	+6.5%	+1.2%
Q1 24	+13.7%	+9.6%
Q2 24	+42.8%	+25.9%
Q3 24	+13.1%	+26.1%
Q4 24	+20.7%	+12.7%
Q1 25	+15.9%	+4.0%
Q2 25	+8.0%	-4.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$45.0K	0.6%
Q4 21	$242.5K	2.3%
Q1 22	$34.3K	0.6%
Q2 22	$73.7K	1.5%
Q3 22	$53.4K	0.7%
Q4 22	$355.1K	3.1%
Q1 23	$80.8K	1.3%
Q2 23	$96.1K	1.8%
Q3 23	$119.7K	1.4%
Q4 23	$151.7K	1.2%
Q1 24	$156.7K	2.2%
Q2 24	$118.5K	1.6%
Q3 24	$112.5K	1.1%
Q4 24	$23.2K	0.2%
Q1 25	$11.9K	0.1%
Q2 25	$29.4K	0.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$510.0K	$4M	$2M
Q4 21	$447.8K	$3M	$3M
Q1 22	$245.9K	$3M	$2M
Q2 22	$270.9K	$2M	$3M
Q3 22	$123.7K	$3M	$3M
Q4 22	$351.7K	$3M	$3M
Q1 23	$139.7K	$3M	$3M
Q2 23	$119.5K	$2M	$3M
Q3 23	$176.0K	$2M	$3M
Q4 23	$241.3K	$3M	$3M
Q1 24	$150.5K	$3M	$3M
Q2 24	$168.6K	$3M	$4M
Q3 24	$108.1K	$3M	$4M
Q4 24	$113.8K	$3M	$4M
Q1 25	$109.3K	$4M	$3M
Q2 25	$124.2K	$3M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$9M	$0	$9M
Q2 22	$9M	$0	$9M
Q3 22	$9M	$0	$9M
Q4 22	$8M	$0	$8M
Q1 23	$66M	$0	$66M
Q2 23	$8M	$0	$8M
Q3 23	$10M	$0	$10M
Q4 23	$9M	$0	$9M
Q1 24	$8M	$0	$8M
Q2 24	$6M	$0	$6M
Q3 24	$6M	$0	$6M
Q4 24	$5M	$0	$5M
Q1 25	$6M	$0	$6M
Q2 25	$5M	$0	$5M
Q3 25	$14M	$0	$14M
Q4 25	$12M	$0	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	16M	-7.4%	+9.2%
Q4 21	16M	+2.2%	+10.5%
Q1 22	16M	-0.5%	+9.9%
Q2 22	16M	-0.6%	-6.4%
Q3 22	16M	+0.0%	+1.1%
Q4 22	17M	+6.6%	+5.5%
Q1 23	16M	-5.7%	-0.0%
Q2 23	16M	+0.6%	+1.1%
Q3 23	15M	-5.2%	-4.2%
Q4 23	15M	+2.0%	-8.4%
Q1 24	15M	+0.5%	-2.4%
Q2 24	16M	+1.8%	-1.2%
Q3 24	16M	0.0%	+4.3%
Q4 24	16M	0.0%	+2.3%
Q1 25	16M	+0.9%	+2.7%
Q2 25	16M	-0.3%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$13.9K	580
Q4 21	$18.2K	584
Q1 22	$10.5K	584
Q2 22	$8.5K	584
Q3 22	$13.0K	584
Q4 22	$21.4K	536
Q1 23	$11.5K	536
Q2 23	$9.9K	536
Q3 23	$16.2K	536
Q4 23	$21.0K	581
Q1 24	$12.1K	581
Q2 24	$13.0K	581
Q3 24	$16.9K	581
Q4 24	$24.6K	599
Q1 25	$13.6K	599
Q2 25	$13.6K	599

Revenue / Employee