Company Analysis

ATA Creativity Global (AACG)

Nasdaq: AACG · Services-Educational Services · Baohe, Hefei, Anhui, CN · filing with the SEC since 2008
Grade4.3
◀ Past 5.7● Present 4.2▶ Future 3.0
2 est.

The grade of ATA Creativity Global

Nine metrics read from its own filings, by tense
Headline grade
4.3/10
◀ Past5.730% of the headline
● Present4.240% of the headline
▶ Future3.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 73rd percentile among 42 sector filers · read for itself

From the record

ATA Creativity Global's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.8/10

What has it actually done, year after year?

+47.7% a year over 10 filed years; profitable in 1 of 9.

weight 45% of this tense · 48th percentile among 39 sector filers · read for its customers

From the record

ATA Creativity Global's 10 filed years say what it did: revenue went from CNY 9 million in fiscal 2017 to CNY 268 million in fiscal 2025, up 47.7% a year; it rose in 7 of 9 years; the deepest fall was 85% from fiscal 2017 to fiscal 2018; net income was positive in 1 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span47.7%top 6% of its family
  • the share of years revenue rosetop 40% of its family
  • the share of filed years with a profitbottom 12% of its family
  • the deepest fall from a revenue peak84.8%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.4/10

How has it treated the people who own it?

SI estimate 5.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 54th percentile among 41 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 46% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 41 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ATA Creativity Global's shareholder treatment is put at 5.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 46% of 41 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE -150%: lost 150¢ per shareholder dollar. Leverage 92%: owes 92¢ per asset dollar.

weight 33% of this tense · 35th percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ATA Creativity Global lost about 150 cents for every dollar of shareholders' money, and gross profitability: its products earned about 32 cents per dollar of everything the company owns. Leverage: it owed about 92 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 11% of its family
  • return on equitybottom 11% of its family
  • gross profit against assetstop 43% of its family
  • the share count against the year beforetop 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.5/10

How strong is its position in its industry?

bottom 45% of 41 in its family; net margin -17.9%.

weight 45% of this tense · 45th percentile among 41 sector filers · read for its customers

From the record

ATA Creativity Global's standing among 41 graded names in its industry family: revenue of CNY 268 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -17.9% ranks in the bottom 33%; revenue growth of 9% a year over the last 3 filed years ranks in the top 44% (its annual reports).

What it rests on

  • net margin-17.9%bottom 33% of its family
  • three-year revenue growth9.0%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 16 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ATA Creativity Global's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.0/10

How much room does it have to grow?

bottom 40% of 41 in its family for room to expand.

weight 22% of this tense · 40th percentile among 41 sector filers · read for itself

From the record

ATA Creativity Global's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 85 million against debt of CNY 15 million leaves 17.2% of its assets as net cash, top 42% of its family; cash from operations less capital spending is -6.4% of revenue (bottom 28%); a gross margin of 48.6% (top 49%); research spending of 1.1% of revenue (bottom 21%) (its annual report).

What it rests on

  • cash less debt against assets17.2%top 42% of its family
  • cash from operations less capital spending against revenue-6.4%bottom 28% of its family
  • gross margin48.6%top 49% of its family
  • research spending against revenue1.1%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.7/10

What could actually drive growth from here?

bottom 27% of 39 in its family for growth drivers.

weight 45% of this tense · 27th percentile among 39 sector filers · read for its customers

From the record

ATA Creativity Global's growth drivers, from the filed years to fiscal 2025: revenue grew 9% a year over the last three filed years against 47.7% over all 10, slowing (bottom 12% of its family); the newest year grew 0% (bottom 29%); research spending grew -23.2% a year (bottom 25%); capital spending grew -7.5% a year (bottom 40%) (its annual reports). ATA Creativity Global tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-38.7 points a yearbottom 12% of its family
  • the newest year's revenue growth0.0%bottom 29% of its family
  • three-year growth of research spending-23.2%bottom 25% of its family
  • three-year growth of capital spending-7.5%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.9/10

Did its newest year beat what its own record pointed to?

bottom 29% of 36 in its family for expectations against reality.

weight 33% of this tense · 29th percentile among 36 sector filers · read for its shareholders

From the record

ATA Creativity Global's newest year against its own record: revenue of CNY 268 million in fiscal 2025 came in 12.1% below the CNY 305 million its prior three years' pace pointed to (bottom 26% of its family); net income of CNY 48 million against a prior three-year average of CNY 39 million (bottom 24%); a net margin of -17.9% against -17.3% before (bottom 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-12.1%bottom 26% of its family
  • net income against the prior three years' average-23%bottom 24% of its family
  • net margin against its prior average-0.7 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AACG · research, not advice