$TAL
TAL Education Group
CIK:0001499620|SEC Filings
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Feb. 28, 2026 |
Feb. 28, 2025 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 1,523,879 | $ 1,771,260 |
| Restricted cash, current | 227,551 | 187,846 |
| Short-term investments | 1,715,446 | 1,847,120 |
| Inventories, net | 143,326 | 104,876 |
| Amounts due from related parties, current | 46 | 37 |
| Prepaid expenses and other current assets | 232,870 | 215,781 |
| Total current assets | 3,843,118 | 4,126,920 |
| Restricted cash, non-current | 34,608 | 32,625 |
| Property and equipment, net | 500,710 | 472,366 |
| Deferred tax assets | 3,170 | 3,487 |
| Rental deposits | 28,058 | 22,131 |
| Intangible assets, net | 45,975 | 394 |
| Land use rights, net | 189,779 | 182,880 |
| Goodwill | 45,545 | 155 |
| Long-term investments (including available-for-sale investments of $139,002 and $82,386 as of February 28, 2025 and 2026, respectively) | 828,249 | 305,105 |
| Amounts due from related parties, non-current | 134 | 96 |
| Long-term prepayments and other non-current assets | 37,216 | 27,844 |
| Operating lease right-of-use assets | 379,727 | 329,064 |
| Total assets | 5,936,289 | 5,503,067 |
| Current liabilities | ||
| Accounts payable (including accounts payable of the consolidated VIEs without recourse to TAL Education Group of $108,578 and $93,047 as of February 28, 2025 and 2026, respectively) | 152,513 | 146,300 |
| Deferred revenue, current (including deferred revenue, current, of the consolidated VIEs without recourse to TAL Education Group of $531,655 and $686,406 as of February 28, 2025 and 2026, respectively) | 832,839 | 624,272 |
| Amounts due to related parties, current | 97 | 93 |
| Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to TAL Education Group of $442,731 and $514,616 as of February 28, 2025 and 2026, respectively) | 672,344 | 582,227 |
| Operating lease liabilities, current (including operating lease liabilities, current, of the consolidated VIEs without recourse to TAL Education Group of $78,486 and $97,564 as of February 28, 2025 and 2026, respectively) | 109,393 | 88,453 |
| Total current liabilities | 1,767,186 | 1,441,345 |
| Deferred revenue, non-current (including deferred revenue, non-current, of the consolidated VIEs without recourse to TAL Education Group of $19,995 and $14,610 as of February 28, 2025 and 2026, respectively) | 49,353 | 46,955 |
| Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to TAL Education Group of $3,395 and $67,088 as of February 28, 2025 and 2026, respectively) | 67,981 | 3,474 |
| Operating lease liabilities, non-current (including operating lease liabilities, non-current, of the consolidated VIEs without recourse to TAL Education Group of $169,991 and $192,058 as of February 28, 2025 and 2026, respectively) | 278,083 | 244,895 |
| Total liabilities | 2,162,603 | 1,736,669 |
| Commitments and contingencies (Note 17) | ||
| Equity | ||
| Treasury stock | (20) | |
| Additional paid-in capital | 3,694,418 | 4,294,819 |
| Statutory reserve | 216,638 | 179,537 |
| Accumulated deficit | (130,428) | (624,078) |
| Accumulated other comprehensive loss | (6,376) | (83,914) |
| Total TAL Education Group shareholders' equity | 3,774,437 | 3,766,567 |
| Non-controlling interests | (751) | (169) |
| Total equity | 3,773,686 | 3,766,398 |
| Total liabilities and equity | 5,936,289 | 5,503,067 |
| Class A common shares | ||
| Equity | ||
| Common shares | 156 | 154 |
| Class B common shares | ||
| Equity | ||
| Common shares | $ 49 | $ 49 |