51Talk Online Education Group (COE) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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COE Revenue Growth
Revenue Breakdown (FY 2021)
COE's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
By Geography
COE Revenue Analysis (2013–2024)
As of May 6, 2026, 51Talk Online Education Group (COE) generated trailing twelve-month (TTM) revenue of $81.2 million. The most recent quarter (Q3 2025) recorded $26.3 million in revenue, up 29.1% sequentially.
Looking at the longer-term picture, COE's 5-year compound annual growth rate (CAGR) stands at -24.8%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $314.4 million in 2020.
Revenue diversification analysis shows COE's business is primarily driven by Prepaid credit packages (50%), Credits for lessons taught by foreign teachers (46%), and Credits for learning materials (2%).
When compared to Technology sector peers including TAL (+44.4% YoY), EDU (+7.3% YoY), and GOTU (+50.2% YoY). Compare COE vs TAL →
COE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| COECurrent | $81M | - | -24.8% | -15.9% | |
 TAL | $2.3B | +44.4% | -7.2% | -0.3% | |
 EDU | $4.9B | +7.3% | +6.5% | 8.7% | |
 GOTU | $4.6B | +50.2% | +17.0% | -26.0% | |
 DUOL | $1.0B | +35.5% | +45.0% | 13.1% | |
 CHGG | $377M | -39.0% | -10.2% | -31.0% |
COE Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $50.7M | +87.0% | $39.5M | 78.0% | $-8,046,000 | -15.9% |
| 2023 | $27.1M | +80.2% | $20.8M | 76.7% | $-13,663,000 | -50.4% |
| 2022 | $15.0M | +1809.6% | $11.9M | 78.8% | $-12,358,000 | -82.1% |
| 2021 | $788K | -99.7% | $658K | 83.5% | $-4,592,000 | -582.7% |
| 2020 | $314.4M | +48.8% | $225.6M | 71.7% | $16.0M | 5.1% |
| 2019 | $211.3M | +26.9% | $148.4M | 70.2% | $-15,372,027 | -7.3% |
| 2018 | $166.5M | +28.2% | $106.8M | 64.1% | $-58,828,463 | -35.3% |
| 2017 | $129.9M | +115.6% | $81.8M | 63.0% | $-87,427,952 | -67.3% |
| 2016 | $60.2M | +152.8% | $39.0M | 64.8% | $-73,753,852 | -122.4% |
| 2015 | $23.8M | +183.1% | $14.6M | 61.4% | $-49,574,695 | -208.1% |
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Start ComparisonCOE — Frequently Asked Questions
Quick answers to the most common questions about buying COE stock.
Is COE's revenue growth accelerating or slowing?
COE TTM revenue: $81M. YoY growth: N/A. 5-year CAGR: -24.8%.
What is COE's long-term revenue growth rate?
51Talk Online Education Group's 5-year revenue CAGR of -24.8% reflects the variable expansion pattern. Current YoY growth of N/A is near this long-term average.
How is COE's revenue distributed by segment?
COE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.