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TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30 , 2020 -Net Revenues up by 35.0 % Year - Over - Year for the Third Fiscal Quarter -Net Revenues up by 29.7 % Year - Over - Year for the First Nine Months of Fiscal Year 2021 -Total Student Enrollments of Normal Priced Long - term Course up by 46.5 % Year - Over - Year ( Beijing - January 21 , 2021 ) —TAL Education Group ( NYSE : TAL ) ( “ TAL ” or the " Company " ) , a leading K - 12 after - school tutoring services provider in China , today announced its unaudited financial results for the third quarter of fiscal year 2021 ended November 30 , 2020 . Highlights for the Third Quarter of Fiscal Year 2021 Net revenues increased by 35.0 % year - over - year to US $ 1,119.1 million from US $ 829.0 million in the same period of the prior year . Loss from operations was US $ 127.4 million , compared to income from operations of US $ 69.4 million in the same period of the prior year . Non - GAAP loss from operations , which excluded share - based compensation expenses , was US $ 73.4 million , compared to non - GAAP income from operations of US $ 99.6 million in the same period of the prior year . Net loss attributable to TAL was US $ 43.6 million , compared to net income attributable to TAL of US $ 19.6 million in the same period of the prior year . Non - GAAP net income attributable to TAL , which excluded share - based compensation expenses , was US $ 10.4 million , compared to non - GAAP net income attributable to TAL of US $ 49.7 million in the same period of the prior year . Basic and diluted net loss per American Depositary Share ( " ADS ” ) were both US $ 0.07 . Non - GAAP basic and diluted net income per ADS , which excluded share - based compensation expenses , were both US $ 0.02 . Three ADSs represent one Class A common share . Cash , cash equivalents and short - term investments totaled US $ 5,098.0 million as of November 30 , 2020 , compared to US $ 2,219.3 million as of February 29 , 2020 . Total student enrollments of normal priced long - term course increased by 46.5 % year- over - year to approximately 3,397,030 from approximately 2,318,000 in the same period of the prior year . Highlights for the Nine Months Ended November 30 , 2020 Net revenues increased by 29.7 % year - over - year to US $ 3,133.1 million from US $ 2,415.6 million in the same period of the prior year . Loss from operations was US $ 141.0 million , compared to income from operations of US $ 178.7 million in the same period of the prior year . Non - GAAP loss from operations , which excluded share - based compensation expenses , was US $ 16.4 million , compared to non - GAAP income from operations of US $ 263.8 million in the same period of the prior year . Net income attributable to TAL was US $ 53.0 million , compared to net loss attributable to TAL of US $ 20.1 million in the same period of the prior year .