51talk Online Education Group balance sheet

At the end of fiscal 2025, 51talk Online Education Group had total assets of $66.1m, total liabilities of $97.3m and shareholders' equity of −$31.4m. It held $38.9m in cash against $0 of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

51talk Online Education Group: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	42	49	60	53	51	25	18	21	28	39
Inventory	—	—	—	0	0	0	—	—	—	—
Total current assets	103	109	139	171	248	151	27	30	40	60
Goodwill	1	1	1	1	1	—	—	—	—	—
Total assets	112	120	147	201	339	187	28	31	44	66
Deferred revenue (current)	94	181	241	313	417	3	15	27	45	77
Total current liabilities	121	219	274	347	463	297	21	39	57	95
Short-term debt	—	—	—	2	—	—	—	—	—	—
Long-term debt	—	—	10	—	—	—	—	—	—	—
Total debt	0	0	10	2	0	0	0	0	0	0
Total liabilities	126	223	287	352	471	300	21	39	59	97
Shareholders' equity	−14	−103	−140	−150	−133	−113	7	−8	−15	−31
Shares outstanding	—	5m	5m	5m	5m	6m	6m	6m	6m	6m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from 51talk Online Education Group's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to 51talk Online Education Group.