51Talk Online Education Group (COE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
51Talk Online Education Group (COE) stock price & volume — 10-year historical chart
51Talk Online Education Group (COE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
51Talk Online Education Group (COE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Dec 8, 2025 | $0.74 | $4M |
| Q2 2025 | Apr 25, 2025 | $0.03 | $2M |
| Q2 2025 | Mar 21, 2025 | $0.20 | $3M |
| Q2 2023 | Apr 26, 2023 | $0.43 | $737,732 |
51Talk Online Education Group (COE) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
51Talk Online Education Group (COE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
51Talk Online Education Group (COE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 60.24M | 129.89M | 166.52M | 211.31M | 314.4M | 788K | 15.05M | 27.11M | 50.69M | 81.22M |
| Revenue Growth % | 152.82% | 115.62% | 28.21% | 26.89% | 48.79% | -99.75% | 1809.64% | 80.16% | 86.98% | 228.94% |
| Cost of Goods Sold | 21.19M | 48.11M | 59.73M | 62.87M | 88.84M | 130K | 3.19M | 6.32M | 11.16M | 20.08M |
| COGS % of Revenue | 35.18% | 37.04% | 35.87% | 29.75% | 28.26% | 16.5% | 21.23% | 23.32% | 22.02% | - |
| Gross Profit | 39.05M▲ 0% | 81.77M▲ 109.4% | 106.79M▲ 30.6% | 148.43M▲ 39.0% | 225.56M▲ 52.0% | 658K▼ 99.7% | 11.85M▲ 1701.5% | 20.79M▲ 75.4% | 39.53M▲ 90.1% | 61.14M▲ 0% |
| Gross Margin % | 64.82% | 62.96% | 64.13% | 70.25% | 71.74% | 83.5% | 78.77% | 76.68% | 77.98% | 75.28% |
| Gross Profit Growth % | 166.8% | 109.43% | 30.59% | 39% | 51.96% | -99.71% | 1701.52% | 75.38% | 90.14% | - |
| Operating Expenses | 112.8M | 169.2M | 165.62M | 163.81M | 209.58M | 5.25M | 24.21M | 34.45M | 47.57M | 70.21M |
| OpEx % of Revenue | 187.26% | 130.27% | 99.46% | 77.52% | 66.66% | 666.24% | 160.9% | 127.08% | 93.85% | - |
| Selling, General & Admin | 90.81M | 135.01M | 138.73M | 141.3M | 191.3M | 5.12M | 21.35M | 31.36M | 44M | 65.42M |
| SG&A % of Revenue | 150.75% | 103.95% | 83.31% | 66.87% | 60.85% | 649.11% | 141.86% | 115.69% | 86.8% | - |
| Research & Development | 21.99M | 34.19M | 26.89M | 22.51M | 24.92M | 135K | 2.87M | 3.09M | 3.57M | 4.79M |
| R&D % of Revenue | 36.51% | 26.32% | 16.15% | 10.65% | 7.93% | 17.13% | 19.04% | 11.39% | 7.04% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -73.75M▲ 0% | -87.43M▼ 18.5% | -58.83M▲ 32.7% | -15.37M▲ 73.9% | 15.98M▲ 204.0% | -4.59M▼ 128.7% | -12.36M▼ 169.1% | -13.66M▼ 10.6% | -8.05M▲ 41.1% | -9.07M▲ 0% |
| Operating Margin % | -122.44% | -67.31% | -35.33% | -7.27% | 5.08% | -582.74% | -82.12% | -50.4% | -15.87% | -11.17% |
| Operating Income Growth % | -48.77% | -18.54% | 32.71% | 73.87% | 203.97% | -128.73% | -169.12% | -10.56% | 41.11% | - |
| EBITDA | -71.37M | -82.98M | -54.04M | -11.57M | 18.88M | -4.5M | -12.26M | -13.56M | -7.91M | -9.07M |
| EBITDA Margin % | -118.47% | -63.89% | -32.45% | -5.47% | 6.01% | -570.43% | -81.44% | -50.03% | -15.6% | -11.17% |
| EBITDA Growth % | -47.36% | -16.28% | 34.88% | 78.59% | 263.25% | -123.81% | -172.64% | -10.68% | 41.69% | 21.28% |
| D&A (Non-Cash Add-back) | 2.39M | 4.44M | 4.79M | 3.81M | 2.9M | 97K | 103K | 99K | 137K | 0 |
| EBIT | -73.12M | -86.38M | -58.57M | -12.85M | 0 | -4.59M | -12.36M | -13.66M | -8.05M | -9.07M |
| Net Interest Income | -148.33K | -869.85K | -111.79K | 1.17M | -10.1K | 282K | 27K | 165K | 229K | 243K |
| Interest Income | 0 | 0 | 1.33M | 2.52M | 5.89M | 282K | 27K | 165K | 229K | 243K |
| Interest Expense | 0 | 0 | 1.44M | 1.35M | 10.1K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -148.33K | -869.85K | -1.18M | 1.17M | 0 | 501K | -426K | -1.25M | 1M | -1.16M |
| Pretax Income | -73.9M▲ 0% | -88.3M▼ 19.5% | -60.01M▲ 32.0% | -14.2M▲ 76.3% | 21.87M▲ 254.0% | -4.09M▼ 118.7% | -12.78M▼ 212.5% | -14.91M▼ 16.7% | -7.05M▲ 52.8% | -10.23M▲ 0% |
| Pretax Margin % | -122.68% | -67.98% | -36.04% | -6.72% | 6.95% | -519.16% | -84.95% | -55.01% | -13.9% | -12.59% |
| Income Tax | 232.72K | 665.06K | 564.03K | 724.33K | -627.71K | 100K | 60K | 118K | 276K | 752K |
| Effective Tax Rate % | -0.31% | -0.75% | -0.94% | -5.1% | -2.87% | -2.44% | -0.47% | -0.79% | -3.92% | -7.35% |
| Net Income | -74.13M▲ 0% | -88.96M▼ 20.0% | -60.57M▲ 31.9% | -14.92M▲ 75.4% | 21.24M▲ 242.3% | 18.74M▼ 11.8% | -42.56M▼ 327.1% | -15.03M▲ 64.7% | -7.24M▲ 51.9% | -10.9M▲ 0% |
| Net Margin % | -123.07% | -68.49% | -36.38% | -7.06% | 6.76% | 2377.92% | -282.8% | -55.45% | -14.27% | -13.42% |
| Net Income Growth % | -47.14% | -20% | 31.91% | 75.36% | 242.33% | -11.78% | -327.11% | 64.68% | 51.87% | 4.08% |
| Net Income (Continuing) | -74.13M | -88.96M | -60.57M | -14.92M | 21.24M | -4.19M | -12.84M | -15.03M | -7.32M | -10.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 22.93M | -29.71M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149K | 288K | 110K |
| EPS (Diluted) | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 237.00▲ 0% | 175.20▼ 26.1% | -468.00▼ 367.1% | -144.00▲ 69.2% | -72.00▲ 50.0% | -110.10▲ 0% |
| EPS Growth % | - | - | - | - | - | -26.08% | -367.12% | 69.23% | 50% | 7.96% |
| EPS (Basic) | 0.00 | 0.00 | 0.00 | 0.00 | 253.20 | 180.60 | -468.00 | -144.00 | -72.00 | - |
| Diluted Shares Outstanding | 0 | 83.78K | 84.59K | 85.66K | 94.86K | 94.43K | 93.23K | 94.74K | 96.42K | 99.03K |
| Basic Shares Outstanding | 0 | 83.78K | 84.59K | 85.66K | 88.76K | 91.25K | 93.23K | 94.74K | 96.42K | 99.03K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
51Talk Online Education Group (COE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 102.65M | 108.5M | 138.78M | 170.15M | 247.61M | 151.25M | 26.57M | 29.78M | 40.09M | 59.25M |
| Cash & Short-Term Investments | 93.18M | 95.49M | 103.52M | 134.34M | 201.08M | 31.11M | 23.06M | 23.39M | 29.19M | 36.63M |
| Cash Only | 39.59M | 49.02M | 60.06M | 49.02M | 50M | 24.61M | 18.19M | 21.3M | 27.76M | 33.53M |
| Short-Term Investments | 53.59M | 46.47M | 43.46M | 85.33M | 151.08M | 6.5M | 4.87M | 2.09M | 1.43M | 3.09M |
| Accounts Receivable | 1.44M | 318.29K | 467.36K | 347.3K | 1.57M | 226K | 0 | 530K | 706K | 0 |
| Days Sales Outstanding | 8.71 | 0.89 | 1.02 | 0.6 | 1.82 | 104.68 | - | 7.14 | 5.08 | 0.79 |
| Inventory | 0 | 0 | 0 | 44.02K | 296.17K | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 0.26 | 1.22 | - | - | - | - | - |
| Other Current Assets | 707.11K | 957.01K | 21.85M | 25.79M | 33.13M | 118.94M | 2.36M | 3.55M | 6.97M | 22.62M |
| Total Non-Current Assets | 9.04M | 11.52M | 8.08M | 30.2M | 90.59M | 35.82M | 1.07M | 1.37M | 3.85M | 5.62M |
| Property, Plant & Equipment | 5.99M | 7.51M | 5.14M | 11M | 18.24M | 1.72M | 794K | 861K | 3.25M | 5.01M |
| Fixed Asset Turnover | 10.06x | 17.30x | 32.41x | 19.21x | 17.24x | 0.46x | 18.95x | 31.49x | 15.59x | 23.42x |
| Goodwill | 608.17K | 646.84K | 613.9K | 603.56K | 646.38K | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 666.64K | 1.48M | 1.71M | 1.42M | 3.11M | 116K | 104K | 92K | 80K | 71K |
| Long-Term Investments | 999.88K | 1.03M | 0 | 16.21M | 63.37M | 11.12M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 772.92K | 846.42K | 614.91K | 969.59K | 3.66M | 22.83M | 169K | 348K | 460K | 1.82M |
| Total Assets | 111.69M▲ 0% | 120.02M▲ 7.5% | 146.86M▲ 22.4% | 200.35M▲ 36.4% | 338.2M▲ 68.8% | 187.07M▼ 44.7% | 27.63M▼ 85.2% | 31.16M▲ 12.7% | 43.94M▲ 41.0% | 64.87M▲ 0% |
| Asset Turnover | 0.54x | 1.08x | 1.13x | 1.05x | 0.93x | 0.00x | 0.54x | 0.87x | 1.15x | 1.57x |
| Asset Growth % | 148.69% | 7.46% | 22.36% | 36.43% | 68.8% | -44.69% | -85.23% | 12.75% | 41.04% | 0% |
| Total Current Liabilities | 120.81M | 218.17M | 274.11M | 345.67M | 461.96M | 297.04M | 20.51M | 39.13M | 56.9M | 86.61M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 2.37M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 94.1M | 180.21M | 242.4M | 311.83M | 416.14M | 2.87M | 15.17M | 27.21M | 45.06M | 220.06M |
| Other Current Liabilities | 729.14K | 1.16M | 823.23K | 1.49M | 3.09M | 291.15M | 96K | 1.36M | 411K | 0 |
| Current Ratio | 0.85x | 0.50x | 0.51x | 0.49x | 0.54x | 0.51x | 1.30x | 0.76x | 0.70x | 0.70x |
| Quick Ratio | 0.85x | 0.50x | 0.51x | 0.49x | 0.54x | 0.51x | 1.30x | 0.76x | 0.70x | 0.70x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | 0.79 |
| Total Non-Current Liabilities | 5.16M | 4.23M | 12.68M | 4.28M | 8.93M | 3.45M | 547K | 217K | 1.75M | 2.07M |
| Long-Term Debt | 0 | 0 | 10.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 3.37M | 8.2M | 817K | 307K | 41K | 1.44M | 5.2M |
| Deferred Tax Liabilities | 32.55K | 18.99K | 3.05K | 0 | 0 | 0 | 84K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 276.22K | 343.87K | 124K | 227.96K | 383.88K | 2.64M | 156K | 176K | 310K | 1.29M |
| Total Liabilities | 125.97M | 222.39M | 286.8M | 349.94M | 470.89M | 300.5M | 21.06M | 39.35M | 58.65M | 88.67M |
| Total Debt | 0 | 0 | 10.04M | 10.24M | 14.78M | 1.63M | 734K | 631K | 2.68M | 3.31M |
| Net Debt | -39.59M | -49.02M | -50.02M | -38.77M | -35.22M | -22.98M | -17.45M | -20.67M | -25.07M | -30.23M |
| Debt / Equity | - | - | - | - | - | - | 0.11x | - | - | -0.14x |
| Debt / EBITDA | - | - | - | - | 0.78x | - | - | - | - | -0.36x |
| Net Debt / EBITDA | - | - | - | - | -1.87x | - | - | - | - | 3.33x |
| Interest Coverage | - | - | -40.73x | -11.38x | 1582.12x | - | - | - | - | - |
| Total Equity | -14.28M▲ 0% | -102.38M▼ 616.7% | -139.94M▼ 36.7% | -149.59M▼ 6.9% | -132.7M▲ 11.3% | -113.43M▲ 14.5% | 6.58M▲ 105.8% | -8.19M▼ 224.5% | -14.71M▼ 79.6% | -23.81M▲ 0% |
| Equity Growth % | -7.43% | -616.74% | -36.69% | -6.9% | 11.29% | 14.52% | 105.8% | -224.54% | -79.61% | 0% |
| Book Value per Share | - | -1221.98 | -1654.24 | -1746.42 | -1398.84 | -1201.22 | 70.54 | -86.46 | -152.58 | -240.43 |
| Total Shareholders' Equity | -14.28M | -102.38M | -139.94M | -149.59M | -132.7M | -113.43M | 6.58M | -8.34M | -15M | -23.92M |
| Common Stock | 28.23K | 30.17K | 28.93K | 29.3K | 32.6K | 33K | 33K | 34K | 35K | 0 |
| Retained Earnings | -168.92M | -268.63M | -304.47M | -314.27M | -314.07M | -288.61M | -331.17M | -346.37M | -353.6M | 0 |
| Treasury Stock | 0 | 0 | 0 | -859.11K | -3.54M | -6.64M | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.66M | 1.18M | 3.58M | 4.28M | 1.36M | -6.05M | 303K | -325K | -684K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149K | 288K | 110K |
51Talk Online Education Group (COE) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.14M | 8.44M | 4.33M | 56.87M | 104.18M | -105.03M | -45.7M | 559K | 5.83M | 5.83M |
| Operating CF Margin % | 6.87% | 6.49% | 2.6% | 26.91% | 33.14% | -13328.55% | -303.7% | 2.06% | 11.5% | - |
| Operating CF Growth % | 125.82% | 103.92% | -48.68% | 1213.7% | 83.19% | -200.81% | 56.49% | 101.22% | 943.29% | 0% |
| Net Income | -74.13M | -88.96M | -60.57M | -14.92M | 22.49M | -4.19M | -12.84M | -15.03M | -7.32M | -10.9M |
| Depreciation & Amortization | 2.39M | 4.44M | 4.79M | 3.81M | 2.9M | 97K | 103K | 99K | 137K | 0 |
| Stock-Based Compensation | 6.95M | 5.37M | 4.05M | 2.39M | 4.09M | 219K | 712K | 910K | 934K | 8.61M |
| Deferred Taxes | -44.64K | -50.09K | 10.61K | -21.87K | -1.52M | 52K | 122K | -156K | 15K | 0 |
| Other Non-Cash Items | 235.6K | 58.82K | 1.33M | -234.96K | -5.55M | -100.07M | -47.63M | 173K | 0 | 69.64M |
| Working Capital Changes | 68.75M | 87.58M | 54.72M | 65.86M | 81.77M | -1.14M | 13.84M | 14.56M | 12.07M | 0 |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 44.02K | -249.03K | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -36.31M | 1.65M | -712.02K | -59.01M | -105.99M | 98.31M | 2.51M | 2.45M | 468K | 0 |
| Capital Expenditures | -5.34M | -5.42M | -2.56M | -1.37M | -4.46M | -118K | -5K | -287K | -308K | 0 |
| CapEx % of Revenue | 8.87% | 4.17% | 1.54% | 0.65% | 1.42% | 14.97% | 0.03% | 1.06% | 0.61% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 1.1M | 0 | -20.48M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -441.11K | -1.37M | -575.96K | -204.66K | 5.33M | 92.66M | 30.74M | 0 | 0 | 0 |
| Cash from Financing | 61.13M | 39.82K | 9.94M | -7.79M | 1.29M | -2.35M | 20.48M | 0 | 240K | 0 |
| Debt Issued (Net) | 0 | 0 | 9.71M | -7.55M | -2.37M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 61.13M | 0 | 0 | -859.11K | 2.58M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -859.11K | -3.54M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 5.04K | 39.82K | 234.19K | 619.43K | 1.08M | -2.35M | 20.48M | 0 | 240K | 0 |
| Net Change in Cash | 32.84M▲ 0% | 6.92M▼ 78.9% | 13.53M▲ 95.6% | -10.03M▼ 174.1% | 902K▲ 109.0% | -8.45M▼ 1037.3% | -23.42M▼ 177.1% | 3.11M▲ 113.3% | 6.46M▲ 107.6% | 0▲ 0% |
| Free Cash Flow | -1.65M▲ 0% | 1.65M▲ 200.0% | 1.19M▼ 27.5% | 55.28M▲ 4529.7% | 105.63M▲ 91.1% | -105.15M▼ 199.5% | -45.71M▲ 56.5% | 272K▲ 100.6% | 5.52M▲ 1930.9% | 0▲ 0% |
| FCF Margin % | -2.73% | 1.27% | 0.72% | 26.16% | 33.6% | -13343.53% | -303.73% | 1% | 10.9% | - |
| FCF Growth % | 91.77% | 199.99% | -27.46% | 4529.74% | 91.08% | -199.54% | 56.53% | 100.6% | 1930.88% | 100% |
| FCF per Share | - | 19.65 | 14.12 | 645.40 | 1113.53 | -1113.53 | -490.23 | 2.87 | 57.29 | 57.29 |
| FCF Conversion (FCF/Net Income) | -0.06x | -0.09x | -0.07x | -3.81x | 4.90x | -5.61x | 1.07x | -0.04x | -0.81x | -0.00x |
| Interest Paid | 0 | 0 | 282.6K | 444.49K | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 62.36K | 0 | 1.53M | 258.55K | 0 | 84K | 56K | 42K | 206K | 0 |
51Talk Online Education Group (COE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | - | - | - | -647.04% | - | - | 59.66% |
| Return on Invested Capital (ROIC) | - | - | - | - | - | - | - | - | - | 15% |
| Gross Margin | 64.82% | 62.96% | 64.13% | 70.25% | 71.74% | 83.5% | 78.77% | 76.68% | 77.98% | 75.28% |
| Net Margin | -123.07% | -68.49% | -36.38% | -7.06% | 6.76% | 2377.92% | -282.8% | -55.45% | -14.27% | -13.42% |
| Debt / Equity | - | - | - | - | - | - | 0.11x | - | - | -0.14x |
| Interest Coverage | - | - | -40.73x | -11.38x | 1582.12x | - | - | - | - | - |
| FCF Conversion | -0.06x | -0.09x | -0.07x | -3.81x | 4.90x | -5.61x | 1.07x | -0.04x | -0.81x | -0.00x |
| Revenue Growth | 152.82% | 115.62% | 28.21% | 26.89% | 48.79% | -99.75% | 1809.64% | 80.16% | 86.98% | 228.94% |
51Talk Online Education Group (COE) stock FAQ — growth, dividends, profitability & financials explained
51Talk Online Education Group (COE) reported $81.2M in revenue for fiscal year 2024. This represents a 2172% increase from $3.6M in 2013.
51Talk Online Education Group (COE) grew revenue by 87.0% over the past year. This is strong growth.
51Talk Online Education Group (COE) reported a net loss of $10.9M for fiscal year 2024.
51Talk Online Education Group (COE) generated $5.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
51Talk Online Education Group (COE) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates