v3.26.1
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