51talk Online Education Group income statement

In fiscal 2025, 51talk Online Education Group reported revenue of $95.6m, up 88.6% on the year before, operating income of −$14.4m (a -15.1% margin) and net income of −$16.8m, or −$3.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

51talk Online Education Group: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	60	130	167	212	315	1	15	27	51	96
Cost of revenue	21	48	60	63	89	0	3	6	11	25
Gross profit	39	82	107	149	226	1	12	21	40	71
Research and development	22	34	27	23	25	0	3	3	4	5
Selling and marketing	67	101	106	114	159	3	13	24	33	62
General and administrative	24	34	32	28	33	2	8	8	11	17
Operating income	−74	−88	−59	−15	16	−5	−12	−14	−8	−14
Interest expense	—	—	0	1	0	—	—	—	—	—
Net interest income	—	—	—	—	—	1	—	—	—	—
Provision for credit losses	—	—	—	—	—	—	0	0	—	1
Income before tax	−74	−89	−60	−14	22	−4	−13	−15	−7	−16
Income tax	0	1	1	1	−1	0	0	0	0	1
Net income	−74	−89	−61	−15	21	19	−43	−15	−7	−17
Diluted EPS	—	−$18.00	−$12.00	−$3.00	$4.20	$3.60	—	−$2.40	−$1.20	−$3.00
Diluted shares (average)	3m	5m	5m	5m	5m	5m	6m	6m	6m	6m
EBITDA	−71	−83	−54	−12	19	−4	−12	−14	−8	−14

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.