Revenue contracted by 36.4% year-over-year to $519.2K in 2026Q1, while operating margins deteriorated to -172.3% due to excessive SG&A expenses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Sales/Revenue | 3.07M | 3.37M | 3.68M | 3.1M | 1.9M | 0 | 7.15M | 4.52M | 106.98K | 93.47K | 278.92K | 111.61K | 32.47K | 1.94B | 1.77B | 1.42B | 1.82B | 5.83B | 5.65B | 2.37B | 2.54B | 1.98B |
| Revenue Growth % | -14.88% | -8.41% | 18.69% | 63.1% | - | -100% | 58.23% | 4122.72% | 14.45% | -66.49% | 149.91% | 243.73% | -100% | 9.79% | 24.65% | -22.02% | -68.81% | 3.11% | 138.4% | -6.83% | 28.39% | - |
| Cost of Goods Sold | 1.3M | 1.45M | 1.62M | 1.44M | 1.86M | 0 | 7.6M | 2.78M | 32.01K | 0 | 482.01K | 482.01K | 482.01K | 0 | 0 | 0 | 0 | 3.84B | 3.79B | 1.4B | 842.72M | 485.42M |
| COGS % of Revenue | - | 43.03% | 43.98% | 46.43% | 98.16% | - | 106.33% | 61.52% | 29.92% | - | 172.81% | 431.87% | 1484.49% | - | - | - | - | 65.86% | 67.11% | 59.28% | 33.13% | 24.5% |
| Gross Profit | 1.77M | 1.92M | 2.06M | 1.66M | 34.97K | 0 | -452.2K | 1.74M | 74.97K | 93.47K | -203.09K | -370.4K | -449.54K | 1.94B | 1.77B | 1.42B | 1.82B | 1.99B | 1.86B | 964.89M | 1.7B | 1.5B |
| Gross Margin % | 57.77% | 56.97% | 56.02% | 53.57% | 1.84% | - | -6.33% | 38.48% | 70.08% | 100% | -72.81% | -331.87% | -1384.49% | 100% | 100% | 100% | 100% | 34.14% | 32.89% | 40.72% | 66.87% | 75.5% |
| Gross Profit Growth % | - | -6.87% | 24.13% | 4643.65% | - | 100% | -126.01% | 2218.92% | -19.8% | 146.03% | 45.17% | 17.6% | -100.02% | 9.79% | 24.65% | -22.02% | -8.65% | 7.02% | 92.6% | -43.27% | 13.71% | - |
| Operating Expenses | 5.96M | 5.51M | 2.89M | 2.08M | 2.35M | 189.24K | 3.33M | 2M | 2.17M | 1.38M | 1.97M | 906.18K | 1.09M | 2.73B | 1.86B | 2.09B | 3.01B | 7.14B | 3B | 2.63B | 2.37B | 1.43B |
| OpEx % of Revenue | - | 163.66% | 78.71% | 67.29% | 123.99% | - | 46.63% | 44.24% | 2026.55% | 1473.68% | 706.24% | 811.92% | 3350.59% | 140.72% | 105.59% | 147.81% | 165.76% | 122.63% | 53.06% | 111.11% | 93.09% | 72.13% |
| Selling, General & Admin | 5.9M | 5.45M | 2.85M | 2.06M | 2.21M | 189.24K | 926.66K | 526.91K | 271.28B | 256.3M | 231.4M | 356.65M | 212.65M | 296.49M | 230.85M | 257.27M | 357.87M | 518.96M | 553.49M | 448.65M | 423.18M | 421.16M |
| SG&A % of Revenue | - | 162.04% | 77.64% | 66.43% | 116.19% | - | 12.96% | 11.66% | 99999900% | 274194.17% | 82963.99% | 319547.53% | 654909.15% | 15.29% | 13.07% | 18.16% | 19.7% | 8.91% | 9.8% | 18.93% | 16.64% | 21.26% |
| Research & Development | 62.69K | 54.46K | 39.25K | 26.73K | 148.15K | 0 | 0 | 1.01M | 948.33K | 833.2K | 1.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 1.62% | 1.07% | 0.86% | 7.8% | - | - | 22.45% | 886.48% | 891.36% | 386.36% | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 2.41M | 457.63K | -271.28B | -255.76M | -230.51M | -355.74M | -211.56M | 2.43B | 1.63B | 1.84B | 2.65B | 6.62B | 2.44B | 2.18B | 1.94B | 1.01B |
| Operating Income | -4.19M | -3.59M | -833.83K | -425.02K | -2.32M | -189.24K | 14.87K | -15.5M | -2.68M | -1.77M | -3.16M | -2.97M | 5.06M | -789.53M | -47.24M | -692.71M | -924.26M | -1.2B | -1.16B | -1.43B | -667.09M | 123.01M |
| Operating Margin % | -136.52% | -106.69% | -22.69% | -13.72% | -122.15% | - | 0.21% | -343.22% | -2507.39% | -1896.46% | -1131.15% | -2656.75% | 15593.1% | -40.72% | -2.68% | -48.9% | -50.87% | -20.65% | -20.48% | -60.44% | -26.23% | 6.21% |
| Operating Income Growth % | - | -330.74% | -96.18% | 81.67% | -1125.56% | -1372.71% | 100.1% | -478.02% | -51.31% | 43.81% | -6.4% | -158.57% | 100.64% | -1571.21% | 93.18% | 25.05% | 23.18% | -4.01% | 19.24% | -114.71% | -642.32% | - |
| EBITDA | -3.43M | -2.93M | -485.48K | -114.97K | -2.26M | 6.38M | 564.64M | -14.96M | -2.68M | -1.77M | -2.67M | -2.48M | 5.55M | -784.84M | -42.49M | -684.93M | -889.02M | -1.13B | -1.1B | -1.37B | -667.09M | 168.95M |
| EBITDA Margin % | -111.6% | -87.14% | -13.21% | -3.71% | -119.03% | - | 7899.28% | -331.13% | -2502.14% | -1892.1% | -957.05% | -2221.77% | 17088.28% | -40.48% | -2.41% | -48.35% | -48.93% | -19.4% | -19.45% | -57.83% | -26.23% | 8.53% |
| EBITDA Growth % | -464.46% | -504.25% | -322.25% | 94.91% | -135.45% | -98.87% | 3874.79% | -458.82% | -51.34% | 33.74% | -7.65% | -144.69% | 100.71% | -1747.21% | 93.8% | 22.96% | 21.33% | -2.86% | 19.83% | -105.44% | -494.85% | - |
| D&A (Non-Cash Add-back) | 764.94K | 658.15K | 348.35K | 310.05K | 59.24K | 0 | 564.63M | 546.27K | 5.61K | 4.07K | 485.58K | 485.48K | 485.48K | 4.69M | 4.75M | 7.77M | 35.24M | 73.12M | 58.13M | 61.89M | 0 | 45.94M |
| EBIT | -7.17M | -7.04M | -833.83K | -425.02K | -2.32M | 6.38M | 14.87K | -15.5M | -2.68M | -1.77M | -3.16M | -2.97M | 5.06M | -789.53M | -47.24M | -692.71M | -924.26M | -1.2B | -1.16B | -1.43B | 0 | 68.85M |
| Net Interest Income | -940.17K | 15.73K | -9.22K | -8.03K | -6.66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 5.53K | 15.73K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 945.7K | 0 | 9.22K | 8.03K | 6.66K | 0 | 0 | 0 | 0 | 0 | 0 | 16.3K | 7.73M | -128K | 51.4M | -15.46M | 270.48M | 115.19M | 0 | 0 | 0 | 2.22M |
| Other Income/Expense | -6.74M | -3.45M | -9.22K | -8.03K | -6.66K | 6.56M | 0 | 0 | 0 | 0 | 0 | -16.3K | -7.73M | 128K | -51.4M | 15.46M | -270.48M | -115.19M | 17.67M | -235.68M | 0 | -56.38M |
| Pretax Income | -10.94M | -7.04M | -843.05K | -433.06K | -2.33M | 6.38M | 14.87K | -15.5M | -2.68M | -1.77M | -3.16M | -2.98M | -2.67M | -789.4M | -98.64M | -677.25M | -1.19B | -1.32B | -1.14B | -1.67B | -667.09M | 66.63M |
| Pretax Margin % | -356.24% | -209.27% | -22.94% | -13.98% | -122.5% | - | 0.21% | -343.22% | -2507.39% | -1896.46% | -1131.15% | -2671.36% | -8225.12% | -40.72% | -5.59% | -47.81% | -65.76% | -22.63% | -20.16% | -70.39% | -26.23% | 3.36% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -850.28K | -89.52K | -30.76K | 1.29K | 480 | 848 | -1.67M | -1.01M | -3.69M | -45.29M | -15.15M | 17.67M | -235.68M | 0 | 2.22M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5.48% | 3.34% | 1.74% | -0.04% | -0.02% | -0.03% | 0.21% | 1.02% | 0.55% | 3.79% | 1.15% | -1.55% | 14.13% | 0% | 3.33% |
| Net Income | -10.94M | -7.04M | -843.05K | -433.06K | -2.33M | 6.38M | 14.87K | -14.65M | -2.59M | -1.74M | -3.16M | -2.98M | -2.67M | -787.74M | -97.63M | -673.56M | -1.15B | -1.3B | -1.16B | -1.43B | -667.09M | 64.41M |
| Net Margin % | -356.24% | -209.27% | -22.94% | -13.98% | -122.5% | - | 0.21% | -324.4% | -2423.7% | -1863.55% | -1131.61% | -2671.79% | -8227.73% | -40.63% | -5.53% | -47.55% | -63.27% | -22.37% | -20.48% | -60.44% | -26.23% | 3.25% |
| Net Income Growth % | -1023.67% | -735.64% | -94.67% | 81.38% | -136.48% | 42775.28% | 100.1% | -465.18% | -48.85% | 44.81% | -5.85% | -11.62% | 99.66% | -706.84% | 85.51% | 41.4% | 11.8% | -12.66% | 19.24% | -114.71% | -1135.68% | - |
| Net Income (Continuing) | -10.94M | -7.04M | -843.05K | -433.06K | -2.33M | 6.38M | 14.87K | -14.65M | -2.59M | -1.74M | -3.16M | -2.98M | -2.67M | -787.74M | -97.63M | -673.56M | -1.15B | -1.3B | -1.16B | -1.43B | -667.09M | 64.41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -20.92 | -14.31 | -2.39 | -0.98 | -5.50 | 7.50 | 0.01 | -6.00 | -1.80 | -1.41 | -2.71 | -2.67 | -1.92 | -586.50 | -76.00 | -527.00 | -1050.50 | -1609.00 | -1648.00 | -2184.50 | -1223.00 | 123.50 |
| EPS Growth % | -890.45% | -498.74% | -143.88% | 82.18% | -173.33% | - | 100.08% | -233.33% | -27.66% | 47.97% | -1.5% | -39.06% | 99.67% | -671.71% | 85.58% | 49.83% | 34.71% | 2.37% | 24.56% | -78.62% | -1090.28% | - |
| EPS (Basic) | - | -14.31 | -2.39 | -0.98 | -5.50 | 7.50 | 0.01 | -6.00 | -1.80 | -1.41 | -2.71 | -2.67 | -1.92 | -586.50 | -76.00 | -527.00 | -1050.50 | -1609.00 | -1648.00 | -2184.50 | -1223.00 | 123.50 |
| Diluted Shares Outstanding | 522.8K | 492.39K | 443.68K | 442K | 442K | 862.5K | 2.62M | 2.42M | 1.44M | 1.23M | 1.16M | 1.12M | 1.39M | 1.34M | 1.28M | 1.28M | 1.09M | 809.88K | 701.85K | 655.69K | 545.51K | 521.33K |
| Basic Shares Outstanding | 522.8K | 492.39K | 443.68K | 442K | 442K | 862.5K | 2.62M | 2.42M | 1.44M | 1.23M | 1.16M | 1.12M | 1.39M | 1.34M | 1.28M | 1.28M | 1.09M | 809.88K | 701.85K | 655.69K | 545.51K | 521.33K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and operational sustainability
As reported in recent financial statements, KIDZ experienced a significant revenue decline to $519.2K in 2026Q1, representing a sharp 36.4% year-over-year contraction that suggests the company is struggling to maintain its user base in an increasingly competitive and fragmented online tutoring landscape.
The consistent downward trend in quarterly revenue suggests that the company's core value proposition may be losing traction with its target demographic. This deceleration indicates that the firm is failing to achieve the necessary scale to offset the inherent volatility of the supplemental education market.
Based on the provided income statement data, KIDZ maintains a gross margin of approximately 50.3% as of 2026Q1, which reflects the high variable costs associated with live human instruction and limits the company's ability to achieve the operating leverage typical of scalable software platforms.
The inability to push gross margins significantly higher suggests that the cost of teacher compensation remains a rigid barrier to profitability. Without a shift toward more efficient delivery models, the company appears structurally disadvantaged compared to peers that leverage asynchronous content to drive higher margins.
According to the latest quarterly filings, KIDZ's operating margin has deteriorated to -172.3%, indicating that SG&A expenses are significantly outpacing the company's ability to generate top-line growth, thereby creating a persistent and widening gap between revenue and the costs required to sustain operations.
The disproportionate growth in SG&A relative to revenue suggests a lack of operational discipline or an inefficient customer acquisition strategy. This trend warrants close monitoring, as it implies that every additional dollar of revenue is currently being generated at an increasingly prohibitive cost to the firm.
Analysis of the income statement reveals that KIDZ recorded $189.0K in stock-based compensation during 2026Q1, which further complicates the assessment of true operational performance given the company's reported net loss of $4.2M for the same period, suggesting significant dilution risks for existing shareholders.
The reliance on non-cash compensation during a period of severe net losses raises questions regarding the quality of earnings and the alignment of management incentives. Investors should be wary of how these items impact the overall financial health and the potential for future equity dilution.
As indicated by the financial data, the company's net margin of -209.27% and a cash balance of only $2.75M suggest that KIDZ faces a critical liquidity inflection point that may necessitate immediate external financing or drastic cost-cutting measures to avoid a potential insolvency event.
The current burn rate appears unsustainable, and the lack of a clear path to positive operating cash flow suggests that the company's business model may be fundamentally flawed in its current configuration. Market participants should consider the high probability of further capital raises that could significantly impair shareholder value.
Quick answers to the most common questions about buying KIDZ stock.
For fiscal year 2025, Classover Holdings, Inc. Class B (KIDZ) reported total revenue of $3.4M. This represents a 99.8% decline compared to $1.98B in 2005.
Classover Holdings, Inc. Class B (KIDZ) reported a net loss of $7.0M for the fiscal year ending 2025.
Classover Holdings, Inc. Class B (KIDZ) reported an operating income of $-3.6M, resulting in an operating profit margin of -106.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Classover Holdings, Inc. Class B (KIDZ) generated $1.9M in gross profit for the year, representing a gross profit margin of 57.0%. This demonstrates the company's core pricing power and production efficiency.