EDTK

MKT CAP:$16M

Skillful Craftsman Education Technology Limited

Market Cap

$16M

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

Consumer Def.·Education·🇨🇳·NASDAQ

Stock Price

$1.00+$0.10 (+11.11%)

Apr 20, 2026

Company Details

Skillful Craftsman Education Technology Limited provides vocational online education and technology services to college students and graduates in the People's Republic of China. The company's education services cover a range of subjects, in...

CEO

Bin Fu

IPO Date

Jul 23, 2020

Website

www.kingwayup.com

Key Metrics TTM

Revenue

$2M

-93.8% YoY

Net Income

-$9M

EPS (Diluted)

-$0.56

Free Cash Flow

-$4M

Revenue / Share

$0.13

Gross Margin

-23.9%

Operating Margin

-150.6%

Net Margin

-408.8%

FCF Margin

-203.8%

P/S

7.5x

P/E

—

Earnings Reports

Q2 2026

Jan 16, 2026

$0-100.0%EPS -$0.06

FY 2025

Aug 8, 2025

$893.7K-55.3%EPS -$0.19

Q2 2025

Jan 15, 2025

$119.0K-92.0%EPS -$0.19

FY 2024

Aug 16, 2024

$2M-82.3%EPS -$0.31

Q4 2024

Aug 16, 2024

$505.3K-87.5%EPS -$0.28

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$11M	$8M	$6M
Q4 18	$4M	$3M	$2M
Q2 19	$11M	$7M	$6M
Q4 19	$14M	$8M	$5M
Q2 20	$13M	$8M	$7M
Q4 20	$15M	$9M	$6M
Q2 21	$15M	$8M	$6M
Q4 21	$14M	$6M	$3M
Q2 22	$12M	$4M	$583.6K
Q4 22	$11M	$2M	-$1M
Q2 23	$7M	-$41.7K	-$2M
Q4 23	$4M	-$2M	-$18M
Q2 24	$1M	$549.4K	-$804.7K
Q4 24	$505.3K	-$380.0K	$804.7K
Q2 25	$119.0K	-$614.2K	-$2M
Q2 26	$0	-$60.6K	-$1M

Valuation

Quarter	P/S	P/E
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	0.4x	1.1x
Q2 20	0.4x	1.0x
Q4 20	0.3x	0.9x
Q2 21	0.3x	0.9x
Q4 21	0.3x	1.2x
Q2 22	0.3x	1.9x
Q4 22	0.3x	7.6x
Q2 23	0.4x	—
Q4 23	0.5x	—
Q2 24	0.7x	—
Q4 24	1.2x	—
Q2 25	2.6x	—
Q2 26	7.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 18	$4M	$469.6K
Q2 19	$11M	$4M
Q4 19	$9M	$3M
Q2 20	$7M	$5M
Q4 20	$5M	$5M
Q2 21	$7M	$342.5K
Q4 21	$4M	-$2M
Q2 22	$2M	$903.1K
Q4 22	$3M	$2M
Q2 23	$556.3K	$556.3K
Q4 23	-$3M	-$3M
Q2 24	-$605.4K	-$605.4K
Q4 24	-$2M	-$2M
Q2 25	-$645.7K	-$645.7K
Q2 26	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q4 18	$4M
Q2 19	$7M
Q4 19	$7M
Q2 20	$2M
Q4 20	$9.9K
Q2 21	$6M
Q4 21	$7M
Q2 22	$862.7K
Q4 22	$2M
Q2 23	$0
Q4 23	$0
Q2 24	$0
Q4 24	$0
Q2 25	$3
Q2 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	+20.0%	+26.2%
Q4 20	+307.2%	+402.4%
Q2 21	+37.7%	+80.1%
Q4 21	+2.3%	+35.8%
Q2 22	-11.7%	+70.7%
Q4 22	-26.2%	+41.0%
Q2 23	-52.4%	+2.9%
Q4 23	-70.9%	+100.1%
Q2 24	-87.4%	-79.6%
Q4 24	-95.5%	-102.4%
Q2 25	-98.4%	-78.2%
Q2 26	-100.0%	-94.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	-$12M	-108.4%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$436.8K	367.0%
Q2 26	$0	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 18	$800.0K	$814.3K	$861.3K	—
Q4 18	—	$271.4K	$287.1K	—
Q2 19	—	$633.2K	$738.5K	—
Q4 19	$1M	$1M	$1M	—
Q2 20	$100.0K	$473.8K	$776.9K	—
Q4 20	$100.0K	$1M	$743.9K	—
Q2 21	—	$1M	$879.8K	—
Q4 21	—	$2M	$927.3K	—
Q2 22	—	$2M	$720.2K	—
Q4 22	—	$2M	$1M	—
Q2 23	—	$2M	$279.0K	—
Q4 23	—	$2M	$185.2K	—
Q2 24	—	$1M	$127.6K	—
Q4 24	—	$585.3K	$114.9K	—
Q2 25	—	$1M	$113.5K	—
Q2 26	—	—	—	$1M

Revenue Segments

Quarter	Online Svip Membership Revenue	Online Vip Membership Revenue	Technical Service Revenue	Online SVIP Membership Revenue	Online VIP Membership Revenue
Q2 22	$2M	$9M	$112.9K	—	—
Q2 23	—	—	$614.6K	$1M	$5M
Q4 23	—	—	$520.6K	$762.2K	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$5M	$0	$5M
Q4 19	$10M	$0	$10M
Q2 20	$12M	$0	$12M
Q4 20	$12M	$0	$12M
Q2 21	$17M	$8M	$25M
Q4 21	$17M	$0	$17M
Q2 22	$24M	$0	$24M
Q4 22	$24M	$0	$24M
Q2 23	$23M	$0	$23M
Q4 23	$21M	$0	$21M
Q2 24	$20M	$0	$20M
Q4 24	$18M	$0	$18M
Q2 25	$17M	$0	$17M
Q4 25	$1M	$0	$1M
Q2 26	$567.5K	$0	$567.5K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	12M	—	—
Q4 18	12M	0.0%	—
Q2 19	9M	-27.7%	—
Q4 19	9M	0.0%	—
Q2 20	9M	0.0%	-27.7%
Q4 20	9M	0.0%	-27.7%
Q2 21	9M	0.0%	0.0%
Q4 21	9M	0.0%	0.0%
Q2 22	12M	+38.6%	+38.6%
Q4 22	15M	+19.4%	+65.6%
Q2 23	15M	0.0%	+65.6%
Q4 23	15M	+0.6%	+66.5%
Q2 24	15M	+3.0%	+23.8%
Q4 24	15M	+0.1%	+3.7%
Q2 25	16M	+2.4%	+6.2%
Q2 26	16M	+0.7%	+6.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	$361.4K	42
Q2 21	$364.6K	42
Q4 21	$277.1K	50
Q2 22	$237.0K	50
Q4 22	$157.7K	71
Q2 23	$102.7K	71
Q4 23	$56.7K	71
Q2 24	$21.0K	71
Q4 24	$7.1K	71
Q2 25	$1.7K	71
Q2 26	$0	28

Revenue / Employee