Skip to content
NYSE · SERVICES-EDUCATIONAL SERVICES · SMALL CAP

51Talk Online Education Group COE

12 fiscal years on record · CNY · FY2025 reported · SEC filings only
$95.6M
▲ 88.6% YoY
$-16.8M
CNY 9.5M
▲ 72.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of December 31, 2025, it had approximately 9.8 thousand foreign tutors qualified to deliver lessons on its platform. It has fully divested from the China Mainland Business and is now completely focused on international markets, drawing on its expertise in English education and its pool of English tutors. It started its international business in the second half of 2021 and currently offers English courses in Hong Kong, Thailand, the Middle East and other countries and regions. 51Talk Online Education Group began providing English education services in July 2011, initially in mainland China. It incorporated China Online Education Group, known as 51Talk, as its offshore holding company under the laws of the Cayman Islands in November 2012.

Written from the business description in 51Talk Online Education Group's annual report to the U.S. Securities and Exchange Commission, filed 23 April 2026. Every sentence was checked against that document before publication.

Growth

USD 95.6M
Revenue, FY2025 · full 12-year series below
Revenue CNY B Net income CNY B
FY2019 · Revenue 1.5 · Net income -0.1
1.00B2.00B-0.25B-0.50B
20142017202020232025
Compound annual growth
+85.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−18 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -15.1% · Net -17.6%
5000%10000%15000%
201420192025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF 9.5
150M300M-50M-100M
201420192025
Net buybacks CNY M Dividends CNY M
FY2020 · Dividends · · Net buybacks 12.8
5M10M
20192020

Total assetsUSD 66.1M
EquityUSD -31.4M
CashSAR 54.1M
Current ratio0.63×

Equity funds -47% of total assets.

The 12-year record

12 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
COE, 12-year financial record
Metric 202520242023202220212020201920182017201620152014
Revenue CNY B◌◌◌◌◌2.11.51.10.80.40.20.1
Operating income CNY B◌◌◌◌◌0.1−0.1−0.4−0.6−0.5−0.3−0.1
EBITDA CNY B−0.0−0.0−0.0−0.0−0.0◌−0.1−0.4−0.5−0.5−0.3−0.1
Income tax CNY B◌◌◌◌◌−0.00.00.00.00.00.00.0
Net income CNY B◌◌◌◌◌◌−0.1−0.4−0.6−0.5−0.3−0.1
Free cash flow CNY B0.00.00.0−0.0◌◌0.40.00.0−0.0−0.1−0.0
EPS, diluted CNY ◌◌◌◌0.350.43−0.34−1.37−1.93−3.03−5.57−1.71
Dividend / sh CNY ◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————————
ROE % — not applicable: negative equity————————————
Shares out B0.360.350.340.340.330.320.310.310.300.300.07◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 7 failures in 57 reconciliationsAUDITED

Reconciled in 5 of the 12 fiscal years we could check. 16 checks were skipped: the balance sheet is not tagged before 2015. Seven checks were skipped: EPS is not tagged before 2014. Seven checks were skipped: revenue is not tagged before 2014.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency7 failures
ActivityServices-Educational Services
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2014

Share this section

Download image