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Private company

Bright Scholar Education Holdings Ltd

Bright Scholar Education Holdings Ltd is an educational services company in the Cayman Islands.1

Last updated Oct 21, 2026.

Overview

$247.6MRevenue, fiscal 20242
-$145.7MNet income, fiscal 20242
  • IndustryServices-Educational Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressNo.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong3
  • Filer categoryNon-accelerated filer3

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Incorporation of the listing entity. In December 2016, Ms. Meirong Yang incorporated Bright Scholar Holdings in the Cayman Islands.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 2024

28.7%Gross margin2
-46.7%Operating margin2
-58.8%Net margin2
-15.4%Revenue growth, 20242
-199.9%Return on equity2
$11.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue71¢$176.5M
  • Selling, general and admin27¢$66.2M
  • Income tax2¢$4.6M

Out of $247.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending36¢$6.4M
  • Kept or used elsewhere64¢$11.4M

Out of $17.8M of cash from operations.2

Financial statements

Revenue5678910112$247.6M in 2024+23% since 2017
0$200.0M$400.0M$600.0M2017: $201.6M$201.6M20172018: $251.7M$251.7M2018+25%2019: $358.2M$358.2M2019+42%2020: $491.6M$491.6M2020+37%2021: $217.0M$217.0M2021−56%2022: $248.8M$248.8M2022+15%2023: $292.6M$292.6M2023+18%2024: $247.6M$247.6M2024−15%
Gross profit5678910112$71.0M in 2024−0% since 2017
0$50.0M$100.0M$150.0M$200.0M2017: $71.0M$71.0M20172018: $92.0M$92.0M2018+29%2019: $136.6M$136.6M2019+48%2020: $178.4M$178.4M2020+31%2021: $34.3M$34.3M2021−81%2022: $69.2M$69.2M2022+102%2023: $82.3M$82.3M2023+19%2024: $71.0M$71.0M2024−14%
Operating income5678910112-$115.7M in 2024
-$150.0M-$100.0M-$50.0M0$50.0M2017: $32.6M$32.6M20172018: $39.8M$39.8M2018+22%2019: $42.0M$42.0M2019+5%2020: $44.9M$44.9M2020+7%2021: -$60.3M-$60.3M20212022: -$88.0M-$88.0M2022+46%2023: -$25.7M-$25.7M2023−71%2024: -$115.7M-$115.7M2024+350%
Net income5678910112-$145.7M in 2024
-$150.0M-$100.0M-$50.0M0$50.0M2017: $26.1M$26.1M20172018: $36.2M$36.2M2018+38%2019: $33.7M$33.7M2019−7%2020: $23.5M$23.5M2020−30%2021: -$25.7M-$25.7M20212022: -$102.1M-$102.1M2022+298%2023: -$54.4M-$54.4M2023−47%2024: -$145.7M-$145.7M2024+168%
Fiscal year20172018201920202021202220232024
Revenue$201.6M5$251.7M6$358.2M7$491.6M8$217.0M9$248.8M10$292.6M11$247.6M2
Cost of revenue$130.6M5$159.7M6$221.7M7$313.2M8$182.7M9$179.6M10$210.3M11$176.5M2
Gross profit$71.0M5$92.0M6$136.6M7$178.4M8$34.3M9$69.2M10$82.3M11$71.0M2
Selling, general and admin$39.8M5$53.9M6$96.7M7$127.2M8$82.9M9$78.4M10$85.0M11$66.2M2
Operating income$32.6M5$39.8M6$42.0M7$44.9M8-$60.3M9-$88.0M10-$25.7M11-$115.7M2
Income before tax-$87.8M10-$27.6M11-$116.8M2
Income tax$6.2M5$9.9M6$11.3M7$11.5M8$14.6M9$8.6M10$25.6M11$4.6M2
Net income$26.1M5$36.2M6$33.7M7$23.5M8-$25.7M9-$102.1M10-$54.4M11-$145.7M2
Earnings per share-$0.8710-$0.4611-$1.182
Earnings per share (diluted)-$0.8710-$0.4611-$1.182
Shares (weighted, basic)118.7M shares2118.7M shares2118.7M shares2
Shares (weighted, diluted)118.7M shares2118.7M shares2118.7M shares2

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Corporate structure

Bright Scholar Education Holdings Ltd 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 Bright Scholar Education Holdings Ltd

  • INDUS CAPITAL PARTNERS, LLC Filed SCHEDULE 13G/A on Bright Scholar Education Holdings Ltd, latest Jan 27, 2026 (5 filings since Jul 8, 2022)
  • Excellence Education Investment Ltd Filed SCHEDULE 13D/A on Bright Scholar Education Holdings Ltd, latest Dec 16, 2025 (4 filings since Jul 31, 2024)
  • Huiyan Yang Filed SCHEDULE 13D/A on Bright Scholar Education Holdings Ltd, latest Dec 16, 2025 (6 filings since May 3, 2022)
  • Meirong Yang Filed SC 13D/A on Bright Scholar Education Holdings Ltd, latest Jul 31, 2024 (3 filings since May 3, 2022)
  • HHLR ADVISORS, LTD. Filed SC 13G/A on Bright Scholar Education Holdings Ltd, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • Junli He Filed SC 13G/A on Bright Scholar Education Holdings Ltd, latest May 24, 2023 (2 filings since Feb 11, 2022)
  • SERENITY CAPITAL MANAGEMENT PTE. LTD. Filed SC 13G/A on Bright Scholar Education Holdings Ltd, latest Feb 14, 2023 (2 filings since Jul 11, 2022)
  • Serenity Capital LLC Filed SC 13G/A on Bright Scholar Education Holdings Ltd, latest Jul 11, 2022 (2 filings since Feb 15, 2022)
  • Bright Scholar Education Holdings Ltd E9

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

What it owns

What Bright Scholar Education Holdings Ltd 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
Buildings and improvements298.2M CNY2 Aug 31, 2024323.3M CNY2 Aug 31, 2023−7.8%
Machinery and equipment134.9M CNY2 Aug 31, 2024129.5M CNY2 Aug 31, 2023+4.1%
Furniture and fixtures13.6M CNY2 Aug 31, 202410.5M CNY2 Aug 31, 2023+29.8%
Computer equipment and software55.2M CNY2 Aug 31, 202451.8M CNY2 Aug 31, 2023+6.5%
Leasehold improvements303.0M CNY2 Aug 31, 2024289.5M CNY2 Aug 31, 2023+4.7%
Construction in progress10.8M CNY2 Aug 31, 20247.4M CNY2 Aug 31, 2023+45.1%
Accumulated depreciation483.9M CNY2 Aug 31, 2024443.4M CNY2 Aug 31, 2023+9.1%
Property and equipment, net$49.3M2 Aug 31, 2024$57.1M11 Aug 31, 2023−13.7%
Operating-lease assets (leased space)$200.2M2 Aug 31, 2024$213.5M11 Aug 31, 2023−6.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$69.6M2 Aug 31, 2024$74.0M11 Aug 31, 2023−6.0%
Long-term investments$3.4M2 Aug 31, 2024$5.0M11 Aug 31, 2023−30.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$74.4M2 Aug 31, 2024$183.1M11 Aug 31, 2023−59.4%
Intangible assets, net (excluding goodwill)$7.0M2 Aug 31, 2024$47.3M11 Aug 31, 2023−85.2%
Finite-lived intangibles, gross470.5M CNY2 Aug 31, 2024466.8M CNY2 Aug 31, 2023+0.8%
Accumulated amortization-49.1M CNY2 Aug 31, 2024-43.4M CNY2 Aug 31, 2023−13.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$164.0K2 Aug 31, 2024$755.0K11 Aug 31, 2023−78.3%

Filings

98 filings to the SEC since October 2021: 5 annual reports, 26 large holders, 67 other. The latest 20:

  1. Jan 27, 2026SCHEDULE 13G/A EDGAR
  2. Dec 29, 202515-12G EDGAR
  3. Dec 16, 2025SCHEDULE 13D/A EDGAR
  4. Dec 16, 2025SCHEDULE 13D/A EDGAR
  5. Dec 16, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  6. Dec 16, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  7. Dec 16, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Dec 16, 2025SC 13E3/A AMENDMENT NO. 2 TO SCHEDULE 13E-3 EDGAR
  9. Nov 20, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Nov 18, 2025SC 13E3/A AMENDMENT NO. 1 TO FORM SC 13E3 EDGAR
  11. Oct 24, 2025SC 13E3 SCHEDULE 13E-3 EDGAR
  12. Oct 15, 2025SCHEDULE 13D/A EDGAR
  13. Oct 15, 2025SCHEDULE 13D/A EDGAR
  14. Oct 14, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Jun 20, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jun 4, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. May 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. May 28, 2025SCHEDULE 13D/A EDGAR
  19. May 28, 2025SCHEDULE 13D EDGAR
  20. Apr 29, 20256-K REPORT OF FOREIGN PRIVATE ISSUER 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.

SEC filer profile

How Bright Scholar Education Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBright Scholar Education Holdings Ltd1
  • CIK0001696355
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsAugust 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressNo.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong, China1
  • Phone86 757 6683 25071
  • Shares outstanding31,314,817 Common Class A shares; 87,590,000 Common Class B shares as of Aug 31, 20244
  • AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Shenzhen, China PCAOB ID 1113; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 10, 20171
  • Filings226 in all: 6-K (111), SC 13G/A (21), CORRESP (12), SC 13D/A (10), UPLOAD (9), 20-F (8), SC 13G (8), 6-K/A (5)1
    All 30 form types

    SCHEDULE 13D/A (5), DRSLTR (3), EFFECT (3), F-1/A (3), SC 13D (3), 424B4 (2), DRS (2), DRS/A (2), F-1 (2), NT 20-F (2), S-8 (2), S-8 POS (2), SC 13E3/A (2), 15-12G (1), 20-F/A (1), 25-NSE (1), 8-A12B (1), CERTNYS (1), FWP (1), SC 13E3 (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Dec 13, 2024

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing four Class A ordinary share, par value US$0.00001 per shareBEDUThe New York Stock Exchange
Class A ordinary shares, par value US$0.00001 per share
Not for trading, but only in connection with the listing on the New York Stock Exchange of American depositary shares

From the cover page of the 20-F filed Dec 13, 2024 (Section 12(b) of the Exchange Act).4

Sources

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