17 Education & Technology Group Inc.

17 Education & Technology Group Inc. announced strong first quarter 2026 financial results, with net revenues soaring 359% year-over-year to RMB99.5 million. The company reported a narrowed net loss of RMB19.4 million and an improved gross margin of 61.9%. Management highlighted the significant growth driven by their AI-powered application service, Yiqi Aixue, and expressed confidence in continued investment in AI for long-term growth.

17 Education & Technology Group Inc. reported strong first quarter 2026 financial results, with net revenues more than quadrupling year-over-year to $14.4 million, a 359.0% increase. The company significantly improved its gross margin to 61.9% and reduced its GAAP net loss by 37.4% to $2.8 million. This performance was primarily driven by the growth of its consumer-facing AI application service, Yiqi Aixue, alongside disciplined cost management.

17 Education & Technology Group Inc. announced it will release its unaudited financial results for the first quarter ended March 31, 2026, on June 16, 2026, after the close of U.S. markets. The company will host an earnings conference call on the same day at 9:00 p.m. U.S. Eastern Time. Participants are required to preregister online to receive dial-in details, and a webcast will also be available.

17 Education & Technology Group Inc. disclosed details regarding its independent registered public accounting firms. The company reported no disagreements or reportable events with Deloitte, its predecessor auditor, during the specified periods. Deloitte confirmed its agreement with these disclosures in a letter to the SEC. Additionally, the company stated it had no consultations with Marcum Asia, its new auditor, on accounting principles or audit opinions prior to their engagement.

17 Education & Technology Group Inc. announced the dismissal of Deloitte Touche Tohmatsu Certified Public Accountants LLP as its independent registered public accounting firm and the appointment of Marcum Asia CPAs LLP, both effective May 27, 2026. The company stated that Deloitte's reports for 2024 and 2025 contained no adverse or qualified opinions, and there were no disagreements or reportable events during their tenure.

17 Education & Technology Group Inc. announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the Securities and Exchange Commission on April 29, 2026. The report includes the Company's audited financial statements. It is available on the Company's investor relations website and the SEC's website, with hard copies provided to shareholders upon request.