← 51Talk Online Education Group

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $60.2m $130.3m $166.6m $212.4m $314.8m $342.3m $15.0m $27.1m $50.7m $95.6m
Revenue from Contract with Customer, Including Assessed Tax $60.2m $130.3m $166.6m $212.4m $314.8m $342.3m $15.0m $27.1m $50.7m $95.6m
Cost of Revenue $21.2m $48.3m $59.8m $63.2m $89.0m $87.6m $3.2m $6.3m $11.2m $24.9m
Gross Profit $39.0m $82.1m $106.8m $149.2m $225.9m $254.8m $11.9m $20.8m $39.5m $70.7m
Operating Expenses $112.8m $169.8m $165.7m $164.6m $216.5m $250.7m $24.2m $34.5m $47.6m $85.1m
Operating Income (Loss) ($73.8m) ($87.7m) ($58.9m) ($15.4m) $16.0m $7.7m ($12.4m) ($13.7m) ($8.0m) ($14.4m)
Additional Financial Items
Amortization of Intangible Assets $1.0m $2.9m $3.7m $3.9m $3.8m $8.3m $12k $13k $12k $12k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $10.2m — — — —
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($515.8m) ($587.1m) ($426.3m) ($160.5m) $117.2m $58.5m $1.6m $1.5m $1.8m ($10.1m)
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — ($0) ($0) ($0) —
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — ($0) ($0) ($0) —
Interest Income, Other — — — $2.5m $5.9m $3.3m $27k $165k — —
Investment Income, Interest — — — — — — — — $229k $358k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($73.9m) ($88.6m) ($60.0m) ($14.3m) $21.9m $11.7m ($12.8m) ($14.9m) ($7.0m) ($15.6m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — ($7.3m) —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — ($12.8m) ($15.0m) ($7.3m) —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $29.7m — — —
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic — — — — — — — — ($7.2m) —
Net Income (Loss) Attributable to Parent ($74.1m) — — — — $18.9m ($42.6m) ($15.0m) ($7.2m) ($16.8m)
Net Income (Loss) Available to Common Stockholders, Basic ($87.0m) ($89.3m) ($60.6m) ($15.0m) $22.5m $18.9m ($42.6m) ($15.0m) — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — ($87k) ($54k)
Earnings Per Share, Basic — — — — $0.07 $0.06 — — — ($0.05)
Earnings Per Share, Diluted — — — — $0.07 $0.06 — — — ($0.05)
Weighted Average Number of Shares Outstanding, Basic — — — — 319.6m 328.5m 335.6m 341.1m 347.1m 355.0m
Weighted Average Number of Shares Outstanding, Diluted — — — — 341.5m 339.9m 335.6m 341.1m 347.1m 355.0m
Research and Development Expense $22.0m $34.3m $26.9m $22.6m $25.0m $28.1m $2.9m $3.1m $3.6m $5.5m
General and Administrative Expense $23.9m $34.5m $32.4m $28.2m $32.8m $50.8m $8.1m $7.7m $10.6m $17.3m
Other Nonoperating Income (Expense) — — — — — — — — $771k ($1.5m)
Operating Lease, Expense — — $35.1m $42.5m $46.9m $52.1m $699k $898k $1.3m $2.0m
Restructuring Costs — — — — — $85.9m — — — —
Selling and Marketing Expense $67.0m $101.0m $106.4m $113.8m $158.7m $166.7m $13.3m $23.6m $33.4m $62.3m
Share-based Payment Arrangement, Expensed and Capitalized, Amount $48.2m $35.1m $27.9m — — — — — — —
Interest Expense — — — $1.4m $10k — — — — —
Interest Expense, Debt — — $283k — — — — — — —
Current Income Tax Expense (Benefit) $1.9m $4.7m $3.8m $5.2m $5.8m $4.4m $50k $281k $261k $815k
Interest Income (Expense), Net — — — — — $630k — — — —
Income Tax Expense (Benefit) $233k $667k $565k $728k ($629k) ($7.2m) $60k $118k $276k $1.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.