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AACG on Nasdaq

ATA Creativity Global

ATA Creativity Global is an educational services company in the Cayman Islands, listed on Nasdaq (AACG).1 It is headquartered in Anhui, China.1

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Last updated Oct 21, 2026.

Overview

$38.3MRevenue, fiscal 20252
-$6.9MNet income, fiscal 20252

Compare with Four Seasons Education (Cayman) Inc., Golden Sun Technology Group Ltd. or Jinxin Technology Holding Co, or pick any stock.

  • TickerAACG on Nasdaq1
  • IndustryServices-Educational Services1
  • HeadquartersAnhui, China1
  • Incorporated inCayman Islands3
  • Business addressRm. 507, Bldg. 3, Binhuzhuoyuecheng, Wenhuakechuangyuan, Huayuan Blvd. 365, Baohe, Hefei, Anhui, F4 2300513
  • Filer categoryNon-accelerated filer3

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In September 2006, we incorporated ATA Inc. in the Cayman Islands, which became our ultimate holding company in November 2006. We completed our initial public offering in 2008, with ADSs listed on the Nasdaq Global Market with the trading symbol of “ATAI”.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

48.6%Gross margin2
-23.9%Operating margin2
-17.9%Net margin2
4.4%Revenue growth, 20252
-149.9%Return on equity2
0.47×Debt to equity2
-$2.4MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Portfolio Training Service brought in 70% of the revenue ATA Creativity Global broke down this way in fiscal 2025.

  1. Portfolio Training Service187.9M CNY270%down 6% from 2024
  2. Overseas Study Counselling Services35.9M CNY213%up 11% from 2024
  3. Other Educational Services24.7M CNY29%up 15% from 2024
  4. Research Based Learning Services19.6M CNY27%up 31% from 2024
Products and services by year
Products and services202320242025
Portfolio Training Service166.4M CNY199.3M CNY187.9M CNY
Overseas Study Counselling Services29.0M CNY32.3M CNY35.9M CNY
Other Educational Services19.7M CNY21.5M CNY24.7M CNY
Research Based Learning Services6.5M CNY14.9M CNY19.6M CNY

Business segments

Overseas Art Study Services brought in 91% of the revenue ATA Creativity Global broke down this way in fiscal 2025.

  1. Overseas Art Study Services243.4M CNY291%down 1% from 2024
  2. Other Educational Services24.7M CNY29%up 15% from 2024
Business segments by year
Business segments202320242025
Overseas Art Study Services19.7M CNY246.6M CNY243.4M CNY
Other Educational Services202.0M CNY21.5M CNY24.7M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue51¢$19.7M
  • Research and development1¢$439.2K
  • Other costs46¢$17.7M
  • Income tax1¢$511.7K

Out of $38.3M in revenue.2 The company lost money this year.

Financial statements

Revenue5678910112$38.3M in 2025+19593% since 2018
0$10.0M$20.0M$30.0M$40.0M2018: $194.7K$194.7K20182019: $14.0M$14.0M2019+7113%2020: $24.9M$24.9M2020+77%2021: $31.7M$31.7M2021+28%2022: $30.0M$30.0M2022−5%2023: $31.2M$31.2M2023+4%2024: $36.7M$36.7M2024+18%2025: $38.3M$38.3M2025+4%
Gross profit5678910112$18.6M in 2025
-$5.0M0$5.0M$10.0M$15.0M$20.0M2018: -$423.7K-$423.7K20182019: $5.2M$5.2M20192020: $9.8M$9.8M2020+89%2021: $16.4M$16.4M2021+69%2022: $14.9M$14.9M2022−10%2023: $16.1M$16.1M2023+9%2024: $19.4M$19.4M2024+20%2025: $18.6M$18.6M2025−4%
Operating income5678910112-$9.2M in 2025−7% since 2018
-$20.0M-$15.0M-$10.0M-$5.0M02018: -$9.9M-$9.9M20182019: -$16.9M-$16.9M2019+72%2020: -$16.5M-$16.5M2020−3%2021: -$10.4M-$10.4M2021−37%2022: -$8.2M-$8.2M2022−21%2023: -$5.8M-$5.8M2023−29%2024: -$5.9M-$5.9M2024+1%2025: -$9.2M-$9.2M2025+55%
Net income5678910112-$6.9M in 2025
-$50.0M0$50.0M$100.0M$150.0M2018: $124.3M$124.3M20182019: -$17.6M-$17.6M20192020: -$14.1M-$14.1M2020−20%2021: -$5.3M-$5.3M2021−63%2022: -$6.9M-$6.9M2022+32%2023: -$4.7M-$4.7M2023−32%2024: -$4.9M-$4.9M2024+4%2025: -$6.9M-$6.9M2025+39%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Net revenues268.1M CNY268.1M CNY221.6M CNY
Cost of revenues137.8M CNY126.8M CNY107.0M CNY
Gross profit130.3M CNY141.3M CNY114.7M CNY
Research and development3.1M CNY3.7M CNY4.6M CNY
Sales and marketing82.6M CNY99.9M CNY78.7M CNY
General and administrative78.8M CNY80.9M CNY72.8M CNY
Goodwill impairment33.9M CNY0 CNY0 CNY
Reversal of provision for loan receivable and other receivables-3.8M CNY
Total operating expenses194.6M CNY184.5M CNY156.2M CNY
Other operating income, net175.9K CNY174.9K CNY30.9K CNY
Loss from operations-64.1M CNY-43.0M CNY-41.5M CNY
Gain (loss) on deconsolidation of subsidiaries and others, net11.9M CNY-438.2K CNY
Interest income, net of interest expenses623.7K CNY1.0M CNY978.5K CNY
Foreign currency exchange losses, net-19.4K CNY-19.0K CNY-4.9K CNY
Total other income, net12.5M CNY544.6K CNY973.7K CNY
Loss before income taxes-51.6M CNY-42.5M CNY-40.5M CNY
Income tax benefit-3.6M CNY-6.4M CNY-6.8M CNY
Net loss-48.0M CNY-36.1M CNY-33.7M CNY
Net loss attributable to non-redeemable non-controlling interests-29 CNY-95 CNY-50.3K CNY
Net loss attributable to ATA Creativity Global-48.0M CNY-36.1M CNY-33.7M CNY
Foreign currency translation adjustment, net of nil income tax-494.6K CNY52.3K CNY-1.4K CNY
Total other comprehensive income (loss)-494.6K CNY52.3K CNY-1.4K CNY
Comprehensive loss-48.5M CNY-36.0M CNY-33.7M CNY
Comprehensive loss attributable to non-redeemable non-controlling interests-29 CNY-95 CNY-50.3K CNY
Comprehensive loss attributable to ATA Creativity Global-48.5M CNY-36.0M CNY-33.7M CNY
Basic losses per common share attributable to ATA Creativity Global-0.76 CNY-0.57 CNY-0.54 CNY
Diluted losses per common share attributable to ATA Creativity Global-0.76 CNY-0.57 CNY-0.54 CNY
Foreign currency translation adjustment, income tax0 CNY0 CNY0 CNY

Compare ATA Creativity Global with another company

Corporate structure

ATA Creativity Global sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ATA Creativity Global

  • HSBC Filed SCHEDULE 13G/A on ATA Creativity Global, latest Sep 8, 2026 (2 filings since Feb 8, 2023)
  • Apollo Wise Investment Ltd Filed SCHEDULE 13D on ATA Creativity Global, latest Mar 31, 2026
  • Empire Fortune Management Ltd Filed SCHEDULE 13D/A on ATA Creativity Global, latest Mar 30, 2026 (2 filings since Mar 27, 2026)
  • Arts Consulting Ltd Filed SCHEDULE 13D/A on ATA Creativity Global, latest Jan 30, 2026
  • Kevin Xiaofeng Ma Filed SCHEDULE 13D/A on ATA Creativity Global, latest Jan 30, 2026 (2 filings since Nov 19, 2025)
  • ATA Creativity Global Anhui, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ATA Creativity Global reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation73.8M CNY2 Dec 31, 202574.8M CNY2 Dec 31, 2024−1.3%
Accumulated depreciation41.6M CNY2 Dec 31, 202536.1M CNY2 Dec 31, 2024+15.4%
Property and equipment, net$4.6M2 Dec 31, 2025$5.3M11 Dec 31, 2024−13.3%
Operating-lease assets (leased space)$4.4M2 Dec 31, 2025$4.9M11 Dec 31, 2024−10.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.2M2 Dec 31, 2025$5.0M11 Dec 31, 2024+143.6%
Long-term investments$5.2M11 Dec 31, 2024$5.4M10 Dec 31, 2023−2.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$23.2M2 Dec 31, 2025$26.9M11 Dec 31, 2024−13.7%
Intangible assets, net (excluding goodwill)$4.6M2 Dec 31, 2025$6.3M11 Dec 31, 2024−26.7%
Indefinite-lived intangibles (excluding goodwill)0 CNY2 Dec 31, 20250 CNY11 Dec 31, 2024
Finite-lived intangibles, gross141.7M CNY2 Dec 31, 2025141.6M CNY2 Dec 31, 2024+0.1%
Accumulated amortization109.2M CNY2 Dec 31, 202595.3M CNY2 Dec 31, 2024+14.6%
Finite-lived intangibles, net32.5M CNY2 Dec 31, 202546.3M CNY2 Dec 31, 2024−29.8%

Leadership

Who has led ATA Creativity Global, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Ruobai Sima2026–now
Board members and other officers (4)

Former names

  • ATA Inc.Jan 8, 2008 to Oct 17, 20193

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202617

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

98 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 8 large holders, 75 other. The latest 20:

  1. Sep 8, 2026SCHEDULE 13G/A EDGAR
  2. Aug 27, 20263 OWNERSHIP DOCUMENT EDGAR
  3. Aug 27, 20263 OWNERSHIP DOCUMENT EDGAR
  4. Jul 22, 20266-K EDGAR
  5. Jul 7, 20266-K EDGAR
  6. Jul 2, 20266-K EDGAR
  7. Jun 15, 2026S-8 EDGAR
  8. Jun 5, 20266-K EDGAR
  9. May 6, 20266-K EDGAR
  10. Apr 30, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Apr 30, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Apr 10, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Mar 31, 2026SCHEDULE 13D EDGAR
  14. Mar 31, 20263 OWNERSHIP DOCUMENT EDGAR
  15. Mar 31, 202620-F EDGAR
  16. Mar 30, 2026SCHEDULE 13D/A EDGAR
  17. Mar 27, 2026SCHEDULE 13D EDGAR
  18. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  19. Mar 26, 20266-K EDGAR
  20. Mar 25, 20263 OWNERSHIP DOCUMENT EDGAR

The 98 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Renaissance Technologies LLC58,444$60.2K0.0%−2,200
Citadel Advisors LLC49,001$50.5K0.0%−10,964
Susquehanna International Group, Llp27,955$28.8K0.0%+7,373
Two Sigma Securities, LLC13,462$13.9K0.0%−2,183
UBS Group AG200$2060.0%+83
Wells Fargo & Company/mn12$120.0%No change
Citigroup Inc1$10.0%No change
Morgan Stanley1$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How ATA Creativity Global is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARATA Creativity Global1
  • CIK0001420529
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressRm. 507, Bldg. 3, Binhuzhuoyuecheng, Wenhuakechuangyuan, Huayuan Blvd. 365, Baohe, Hefei, Anhui, F4 2300511
  • Mailing address1/F East Gate, Bldg. No.2, Jian Wai Soho, No.39 Dong San Huan Zhong Road,, Chao Yang District, Beijing, F4 1000221
  • Phone8610-6518-11331
  • Shares outstanding63,912,442 shares as of Dec 31, 20254
  • AuditorAudit Alliance LLP, Singapore, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 8, 20081
  • Filings331 in all: 6-K (163), SC 13G/A (25), 20-F (19), S-8 (19), CORRESP (18), UPLOAD (18), SC 13D/A (12), SC 13G (9)1
    All 30 form types

    3 (7), CT ORDER (6), EFFECT (4), SC 13D (4), SCHEDULE 13D/A (4), 4 (3), 6-K/A (2), F-1/A (2), F-3 (2), SCHEDULE 13D (2), 20-F/A (1), 424B3 (1), 424B4 (1), 424B5 (1), 8-A12B (1), 8-A12B/A (1), CERTNAS (1), F-1 (1), F-6 (1), F-6/A (1), FWP (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares, each representingtwo common shares, par value $0.01 per shareAACGNasdaq

From the cover page of the 20-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Sources

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