Revenue and Profit - Net revenues for Q3 FY2024 increased by 60.5% to $373.5 million compared to $232.7 million in Q3 FY2023[2][6] - Net revenues for the first nine months of FY2024 increased by 41.3% to $1,060.9 million compared to $750.8 million in the same period of FY2023[3][21] - Gross profit for Q3 FY2024 increased by 54.4% to $200.3 million compared to $129.7 million in Q3 FY2023[12] - Net revenues for the nine months ended November 30, 2023, were $1,060,877 thousand, compared to $750,786 thousand for the same period in 2022[43] - Gross profit for the nine months ended November 30, 2023, increased to $578,802 thousand from $442,141 thousand in 2022[43] Net Income and Loss - Non-GAAP net loss attributable to TAL for Q3 FY2024 decreased by 91.6% to $1.9 million compared to $23.2 million in Q3 FY2023[4] - Non-GAAP net income attributable to TAL for the first nine months of FY2024 was $37.3 million compared to a net loss of $14.0 million in the same period of FY2023[5][31] - Net loss for the nine months ended November 30, 2023, was $31,466 thousand, compared to a net loss of $95,386 thousand in 2022[43] - Non-GAAP net income attributable to TAL Education Group for the nine months ended November 30, 2023 was $37,316 thousand, compared to a net loss of $(13,950) thousand in the same period in 2022[46] Cash and Investments - Cash, cash equivalents, and short-term investments totaled $3,167.6 million as of November 30, 2023[2] - Net cash provided by operating activities for Q3 FY2024 was $247.1 million[19] - The company's cash and cash equivalents increased from $2,021,927 thousand to $2,193,387 thousand from February 28, 2023, to November 30, 2023[42] - Net cash provided by operating activities for the nine months ended November 30, 2023, was $329,918 thousand, a significant increase from $48,319 thousand in 2022[45] - Net cash provided by/(used in) investing activities for the nine months ended November 30, 2023, was $133,955 thousand, compared to $(324,778) thousand in 2022[45] - Net cash (used in)/provided by financing activities for the nine months ended November 30, 2023, was $(233,301) thousand, compared to $(66,235) thousand in 2022[45] - Cash, cash equivalents, and restricted cash at the end of the period on November 30, 2023, were $2,522,368 thousand, up from $2,308,232 thousand at the end of 2022[45] Expenses - Selling and marketing expenses for Q3 FY2024 increased by 73.3% to $122.0 million compared to $70.4 million in Q3 FY2023[9] - Total operating expenses for the nine months ended November 30, 2023, were $648,609 thousand, up from $510,152 thousand in 2022[43] - Non-GAAP selling and marketing expenses for the nine months ended November 30, 2023 were $316,782 thousand, up from $185,510 thousand in the same period in 2022[46] - Non-GAAP general and administrative expenses for the three months ended November 30, 2023 were $96,734 thousand, compared to $74,816 thousand for the same period in 2022[46] - Non-GAAP operating costs and expenses for the nine months ended November 30, 2023 were $1,062,287 thousand, up from $736,552 thousand in the same period in 2022[46] Deferred Revenue - Deferred revenue as of November 30, 2023, was $507.7 million compared to $237.4 million as of February 28, 2023[20] - The company's deferred revenue-current increased from $234,889 thousand to $482,368 thousand from February 28, 2023, to November 30, 2023[42] Share Repurchase - The company has repurchased 13,385,764 common shares at an aggregate consideration of approximately $233.6 million under the share repurchase program[34] Assets and Liabilities - Total current assets increased from $3,468,407 thousand to $3,643,839 thousand from February 28, 2023, to November 30, 2023[42] - Total liabilities increased from $903,441 thousand to $1,314,902 thousand from February 28, 2023, to November 30, 2023[42] - The company's total equity decreased from $3,820,913 thousand to $3,598,421 thousand from February 28, 2023, to November 30, 2023[42] - The company's property and equipment, net increased from $288,877 thousand to $376,101 thousand from February 28, 2023, to November 30, 2023[42] - The company's operating lease right-of-use assets increased from $149,002 thousand to $207,115 thousand from February 28, 2023, to November 30, 2023[42] - The company's inventory increased from $39,002 thousand to $59,013 thousand from February 28, 2023, to November 30, 2023[42] - The company's prepaid expenses and other current assets increased from $125,486 thousand to $182,323 thousand from February 28, 2023, to November 30, 2023[42] Non-GAAP Metrics - Non-GAAP cost of revenues for the three months ended November 30, 2023 was $170,681 thousand, compared to $99,406 thousand for the same period in 2022[46] - Non-GAAP loss from operations for the three months ended November 30, 2023 was $(10,184) thousand, compared to $(4,540) thousand for the same period in 2022[46] - Basic Non-GAAP net income per ADS for the nine months ended November 30, 2023 was $0.06, compared to a loss of $(0.02) in the same period in 2022[46] - Diluted Non-GAAP net income per ADS for the nine months ended November 30, 2023 was $0.06, compared to a loss of $(0.02) in the same period in 2022[46] - ADSs used in calculating Non-GAAP net income per ADS for the nine months ended November 30, 2023 were 622,332,267, compared to 638,312,472 in the same period in 2022[46] Comprehensive Loss and Government Subsidies - Comprehensive loss attributable to TAL Education Group for the nine months ended November 30, 2023, was $58,061 thousand, compared to $240,930 thousand in 2022[44] - Government subsidies for the nine months ended November 30, 2023, were $11,639 thousand, down from $21,697 thousand in 2022[43] Earnings Per Share - Basic and diluted net loss per ADS for Q3 FY2024 were both $0.04[18]

TAL Education Group (NYSE:TAL) Q3 2024 Earnings Conference Call January 25, 2024 7:00 AM ET Company Participants Jackson Ding - IR Director Alex Peng - President & CFO Conference Call Participants Timothy Zhao - Goldman Sachs Eddy Wang - Morgan Stanley Felix Liu - UBS Caini Wang - CICC Yiwen Zhang - China Renaissance Operator Ladies and gentlemen, good day, and thank you for standing by. Welcome to TAL Education Group's Third Quarter of Fiscal Year 2024 Earnings Conference Call. At this time all participant ...

BEIJING, Jan. 25, 2024 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the third quarter of fiscal year 2024 ended November 30, 2023. Highlights for the Third Quarter of Fiscal Year 2024 Net revenues was US$373.5 million, compared to net revenues of US$232.7 million in the same period of the prior year. Loss from operations was US$32.2 million, compared to loss from operations of US$3 ...

智通财经APP获悉，周五，中概教育股走高，截至发稿，好未来(TAL.US)涨超7%，新东方(EDU.US)涨超2.5%，高途(GOTU.US)微涨。中国银河证券发布研究报告称，当前中国教培行业的监管政策框架已较为完备，且行业规范化发展的界限与框架已经明晰，政策稳定性的能见度已较高。在此基础上，该行预计未来行业增量供给将主要以头部机构获颁的非学科类培训为主。而从需求端看，考虑未来十年高考人口增长+教育体系更加注重学生的综合素质发展是主要趋势，因此该行预计聚焦K9新素养+高中个性化教育服务的教培公司将充分受益于当前供需格局变化。 ...

BEIJING, Dec. 29, 2023 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a smart learning solutions provider in China, today announced that it will release its unaudited financial results for the third quarter of fiscal year 2024 ended November 30, 2023, before the market opens on Thursday, January 25, 2024.The Company will host a corresponding conference call and live webcast at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Thursday, January 25, 2024.Please note that you w ...

TAL Education Group (NYSE:TAL) Q2 2024 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Jackson Ding - Investor Relations Director Alex Peng - President & Chief Financial Officer Conference Call Participants Felix Liu - UBS Linda Huang - Macquarie Candis Chan - Daiwa Caini Wang - CICC Lucy Yu - Bank of America Operator Ladies and gentlemen, good day, and thank you for standing by. Welcome to TAL Education Group's Second Quarter of Fiscal Year 2024 Earnings Conference Call. At this t ...

Exhibit 99.1 TAL Education Group Announces Unaudited Financial Results for the Second Fiscal Quarter Ended August 31, 2023 (Beijing–October 26, 2023)—TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the second quarter of fiscal year 2024 ended August 31, 2023. Highlights for the Second Quarter of Fiscal Year 2024 - Net revenues was US$411.9 million, compared to net revenues of US$294.1 million in the s ...

Exhibit 99.1 TAL Education Group Announces Unaudited Financial Results for the First Fiscal Quarter Ended May 31, 2023 (Beijing–July 27, 2023)—TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the first quarter of fiscal year 2024 ended May 31, 2023. Highlights for the First Quarter of Fiscal Year 2024 - Net revenues was US$275.4 million, compared to net revenues of US$224.0 million in the same period o ...

TAL Education Group (NYSE:TAL) Q1 2024 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Jackson Ding - IR Director Alex Peng - President and CFO Conference Call Participants Candis Chan - Daiwa Felix Liu - UBS Operator Ladies and gentlemen, good day and thank you for standing by. Welcome to TAL Education Group First Quarter of Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 28, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___to____. OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION ...