WAFU

MKT CAP:$7M

Wah Fu Education Group Limited

Market Cap

$7M

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

Consumer Def.·Education·🇨🇳·NASDAQ

Stock Price

$1.64+$0.02 (+1.23%)

Apr 17, 2026

Company Details

Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. The company operates through two segments, Online Education Services; an...

CEO

Xinghui Yang

IPO Date

Apr 30, 2019

Website

www.edu-edu.com

Key Metrics TTM

Revenue

$15M

-28.7% YoY

Net Income

-$195.1K

EPS (Diluted)

-$0.04

Free Cash Flow

$205.0K

Revenue / Share

$3.42

Gross Margin

50.0%

Operating Margin

5.1%

Net Margin

-1.3%

FCF Margin

1.4%

P/S

0.5x

P/E

—

Earnings Reports

Q4 2025

Jul 31, 2025

$3MEPS $0.02

Q2 2025

Sep 30, 2024

$3M-23.3%EPS -$0.12

FY 2024

Jul 30, 2024

$7MEPS -$0.01

Q2 2024

Sep 28, 2023

$4M-33.1%EPS $0.05

Q4 2023

Jul 31, 2023

$5M-7.6%EPS $0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$2M	$1M	-$114.1K
Q2 18	$3M	$2M	$721.8K
Q4 18	$3M	$2M	$350.7K
Q2 19	$3M	$2M	$276.6K
Q4 19	$2M	$664.3K	-$2M
Q2 20	$3M	$986.3K	-$1M
Q4 20	$3M	$1M	-$533.5K
Q2 21	$4M	$2M	$687.0K
Q4 21	$4M	$2M	$404.0K
Q2 22	$6M	$3M	$687.8K
Q4 22	$6M	$2M	$352.9K
Q2 23	$5M	$3M	$1M
Q4 23	$5M	$3M	$894.9K
Q2 24	$4M	$2M	$272.7K
Q2 25	$3M	$2M	-$571.4K
Q4 25	$3M	$995.0K	$178.9K

Valuation

Quarter	P/S	P/E
Q4 17	0.6x	2.6x
Q2 18	0.6x	3.1x
Q4 18	0.6x	4.2x
Q2 19	0.7x	5.5x
Q4 19	0.6x	36.5x
Q2 20	0.7x	—
Q4 20	0.7x	—
Q2 21	0.6x	—
Q4 21	0.5x	—
Q2 22	0.4x	10.5x
Q4 22	0.4x	5.1x
Q2 23	0.3x	3.8x
Q4 23	0.3x	4.4x
Q2 24	0.4x	5.1x
Q2 25	0.4x	12.4x
Q4 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$1M	$1M
Q2 18	-$354.5K	-$898.9K
Q4 18	-$87.1K	-$99.1K
Q2 19	-$335.4K	-$395.3K
Q4 19	-$177.9K	-$468.3K
Q2 20	$1M	$1M
Q4 20	-$196.3K	-$208.3K
Q2 21	$2M	$2M
Q4 21	$740.6K	$673.7K
Q2 22	-$2M	-$2M
Q4 22	$3M	$3M
Q2 23	$297.7K	$293.5K
Q4 23	$1M	$1M
Q2 24	-$100.4K	-$100.4K
Q2 25	-$1M	-$1M
Q4 25	$222.5K	$219.9K

Capital Expenditures

Quarter	CapEx
Q4 17	$588
Q2 18	$544.4K
Q4 18	$11.9K
Q2 19	$59.9K
Q4 19	$290.4K
Q2 20	$63.1K
Q4 20	$11.9K
Q2 21	$7.4K
Q4 21	$66.8K
Q2 22	$69.9K
Q4 22	$34.9K
Q2 23	$4.2K
Q4 23	$33.0K
Q2 24	$0
Q2 25	$8.3K
Q4 25	$2.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 18	-13.1%	+5.8%
Q4 18	-17.5%	+15.6%
Q2 19	-5.7%	+13.9%
Q4 19	+17.2%	+79.5%
Q2 20	-18.3%	+51.2%
Q4 20	+7.9%	+43.6%
Q2 21	+48.5%	+38.0%
Q4 21	+71.1%	-4.2%
Q2 22	+132.2%	+44.6%
Q4 22	+80.7%	+44.8%
Q2 23	+26.8%	+19.9%
Q4 23	+24.4%	+14.1%
Q2 24	-37.2%	-34.0%
Q2 25	-50.6%	-36.6%
Q4 25	-37.9%	-26.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$0	0.0%
Q2 18	$0	0.0%
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	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 17	$749.3K	$379.9K
Q2 18	$894.2K	$480.5K
Q4 18	$687.1K	$604.1K
Q2 19	$885.6K	$677.2K
Q4 19	$1M	$763.9K
Q2 20	$629.9K	$382.1K
Q4 20	$623.7K	$275.1K
Q2 21	$465.0K	$406.4K
Q4 21	$613.4K	$228.9K
Q2 22	$859.8K	$499.4K
Q4 22	$576.3K	$274.5K
Q2 23	$548.6K	$286.9K
Q4 23	$724.3K	$277.6K
Q2 24	$492.7K	$402.4K
Q2 25	$1M	$756.6K
Q4 25	$730.3K	$95.9K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$5M	$0	$5M
Q4 18	$5M	$0	$5M
Q2 19	$4M	$0	$4M
Q4 19	$4M	$0	$4M
Q2 20	$10M	$0	$10M
Q4 20	$7M	$0	$7M
Q2 21	$9M	$0	$9M
Q4 21	$12M	$0	$12M
Q2 22	$8M	$0	$8M
Q4 22	$12M	$0	$12M
Q2 23	$11M	$0	$11M
Q4 23	$13M	$0	$13M
Q2 24	$11M	$0	$11M
Q4 24	$11M	$0	$11M
Q2 25	$10M	$0	$10M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	3M	0.0%	—
Q2 18	3M	0.0%	-38.5%
Q4 18	3M	0.0%	-38.5%
Q2 19	3M	0.0%	0.0%
Q4 19	4M	+11.3%	+11.3%
Q2 20	4M	+17.9%	+31.2%
Q4 20	4M	+4.3%	+36.9%
Q2 21	4M	0.0%	+36.9%
Q4 21	4M	0.0%	+23.0%
Q2 22	4M	+1.1%	+5.5%
Q4 22	4M	+0.2%	+1.3%
Q2 23	4M	0.0%	+1.3%
Q4 23	4M	0.0%	+1.3%
Q2 24	4M	0.0%	+0.2%
Q2 25	4M	-0.7%	-0.7%
Q4 25	4M	0.0%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 17	—	—
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	$16.1K	153
Q2 20	$16.3K	153
Q4 20	$21.6K	145
Q2 21	$29.7K	145
Q4 21	$29.9K	141
Q2 22	$41.2K	141
Q4 22	$37.5K	151
Q2 23	$36.1K	151
Q4 23	$36.9K	142
Q2 24	$25.7K	142
Q2 25	$22.4K	125
Q4 25	$30.8K	110

Revenue / Employee