InsiderClue
Stocks · Consumer discretionary · Services-Educational Services

51Talk Online Education Group

COE Clue Score49
Cayman Islands Fiscal year ends December CIK 0001659494
$12.22 +13.25% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $12.22 +383.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue418.3Operating income−512.1Net income−74.1Fiscal year 2017Revenue848.0 +102.7%Operating income−570.8Net income−580.8Fiscal year 2018Revenue1,145.5 +35.1%Operating income−404.7Net income−416.7EPS, diluted−1.37Fiscal year 2019Revenue1,478.5 +29.1%Operating income−107.6Net income−104.4EPS, diluted−0.34Fiscal year 2020Revenue2,054.1 +38.9%Operating income104.4Net income21.2EPS, diluted0.43Fiscal year 2021Revenue0.8 −100.0%Operating income49.3Net income18.7 −11.8%EPS, diluted0.35 −18.6%Fiscal year 2022Revenue15.0 +1,809.6%Net income−42.6 −327.1%EPS, diluted−0.04 −111.4%Fiscal year 2023Revenue27.1 +80.2%Net income−15.0EPS, diluted−0.04Fiscal year 2024Revenue50.7 +87.0%Net income−7.2EPS, diluted−0.02Fiscal year 2025Revenue95.6 +88.6%Net income−16.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 418.3 848.0 1,145.5 1,478.5 2,054.1 0.8 15.0 27.1 50.7 95.6
Growth +102.7% +35.1% +29.1% +38.9% −100.0% +1,809.6% +80.2% +87.0% +88.6%
Operating income −512.1 −570.8 −404.7 −107.6 104.4 49.3 n/a n/a n/a n/a
Net income −74.1 −580.8 −416.7 −104.4 21.2 18.7 −42.6 −15.0 −7.2 −16.8
Growth −11.8% −327.1%
EPS, diluted n/a n/a −1.37 −0.34 0.43 0.35 −0.04 −0.04 −0.02 n/a
Growth −18.6% −111.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin64.8%Operating margin−122.4%Net margin−17.7%Free cash flow margin−7.9%Fiscal year 2017Gross margin63.0%Operating margin−67.3%Net margin−68.5%Free cash flow margin−3.2%Fiscal year 2018Gross margin64.1%Operating margin−35.3%Net margin−36.4%Free cash flow margin−1.2%Fiscal year 2019Gross margin70.2%Operating margin−7.3%Net margin−7.1%Free cash flow margin3.2%Fiscal year 2020Gross margin71.7%Operating margin5.1%Net margin1.0%Free cash flow margin4.0%Fiscal year 2021Gross margin206,027.3%Operating margin6,256.5%Net margin2,377.9%Free cash flow margin−16,400.1%Fiscal year 2022Net margin−282.8%Fiscal year 2023Net margin−55.4%Fiscal year 2024Net margin−14.3%Fiscal year 2025Net margin−17.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 64.8% 63.0% 64.1% 70.2% 71.7% 206,027.3% n/a n/a n/a n/a
Operating margin −122.4% −67.3% −35.3% −7.3% 5.1% 6,256.5% n/a n/a n/a n/a
Net margin −17.7% −68.5% −36.4% −7.1% 1.0% 2,377.9% −282.8% −55.4% −14.3% −17.6%
Free cash flow margin −7.9% −3.2% −1.2% 3.2% 4.0% −16,400.1% n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.1Capital expenditure−37.1Free cash flow−33.0Fiscal year 2017Operating cash flow8.5Capital expenditure−35.4Free cash flow−26.9Fiscal year 2018Operating cash flow4.3Capital expenditure−17.6Free cash flow−13.3Fiscal year 2019Operating cash flow57.2Capital expenditure−9.6Free cash flow47.6Buybacks−6.0Fiscal year 2020Operating cash flow104.2Capital expenditure−22.0Free cash flow82.2 +72.9%Buybacks−23.1Fiscal year 2021Operating cash flow−105.0Capital expenditure−24.2Free cash flow−129.2 −257.2%Buybacks−20.3Fiscal year 2022Operating cash flow−45.7Fiscal year 2023Operating cash flow0.6Fiscal year 2024Operating cash flow5.8Fiscal year 2025Operating cash flow11.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.1 8.5 4.3 57.2 104.2 −105.0 −45.7 0.6 5.8 11.8
Capital expenditure −37.1 −35.4 −17.6 −9.6 −22.0 −24.2 n/a n/a n/a n/a
Free cash flow −33.0 −26.9 −13.3 47.6 82.2 −129.2 n/a n/a n/a n/a
Growth +72.9% −257.2%
Buybacks n/a n/a n/a −6.0 −23.1 −20.3 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash274.9Shareholders’ equity−99.2Fiscal year 2017Cash320.0Shareholders’ equity−668.4Fiscal year 2018Cash413.1Total debt69.0Net cash (debt)344.1Shareholders’ equity−962.6Fiscal year 2019Cash52.6Shareholders’ equity−1,046.7Fiscal year 2020Cash51.3Shareholders’ equity−866.9Fiscal year 2021Cash24.6Shareholders’ equity−723.2Fiscal year 2022Cash18.2Shareholders’ equity6.6Fiscal year 2023Cash21.3Shareholders’ equity−8.2Fiscal year 2024Cash27.8Shareholders’ equity−14.7Fiscal year 2025Cash38.9Shareholders’ equity−31.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 274.9 320.0 413.1 52.6 51.3 24.6 18.2 21.3 27.8 38.9
Total debt n/a n/a 69.0 n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) n/a n/a 344.1 n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity −99.2 −668.4 −962.6 −1,046.7 −866.9 −723.2 6.6 −8.2 −14.7 −31.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
418.3 848.0 1,145.5 1,478.5 2,054.1 0.8 15.0 27.1 50.7 95.6
Growth +102.7% +35.1% +29.1% +38.9% −100.0% +1,809.6% +80.2% +87.0% +88.6%
147.2 314.1 410.9 439.9 580.4 558.0 n/a n/a n/a n/a
271.1 533.9 734.6 1,038.6 1,473.7 1,623.5 n/a n/a n/a n/a
Growth +96.9% +37.6% +41.4% +41.9% +10.2%
152.7 223.2 185.0 157.5 162.8 178.8 n/a n/a n/a n/a
165.7 224.4 223.1 196.0 214.2 324.0 n/a n/a n/a n/a
−512.1 −570.8 −404.7 −107.6 104.4 49.3 n/a n/a n/a n/a
Growth −52.8%
−513.2 −576.5 −412.8 −99.4 142.9 74.4 n/a n/a n/a n/a
1.6 4.3 3.9 5.1 −4.1 −46.1 n/a n/a n/a n/a
−74.1 −580.8 −416.7 −104.4 21.2 18.7 −42.6 −15.0 −7.2 −16.8
Growth −11.8% −327.1%
Per share
n/a n/a −1.37 −0.34 0.46 0.37 −0.04 −0.04 −0.02 n/a
n/a n/a −1.37 −0.34 0.43 0.35 −0.04 −0.04 −0.02 n/a
Growth −18.6% −111.4%
n/a n/a 304.5 308.4 319.6 328.5 335.6 341.1 347.1 355.0
n/a n/a 304.5 308.4 319.6 328.5 335.6 341.1 347.1 355.0
Growth +1.3% +3.6% +2.8% +2.2% +1.6% +1.8% +2.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 45.9% a year over five years.
  • The diluted share count rose 11.1% in five years, which is dilution.
  • A net loss in 8 of 10 years on file.