Growth & profitability
- Revenue has grown 231.9% per year over the past 5 years.
- Free cash flow has declined 37.6% per year over the past 5 years.
COE Financials 51Talk Online Education Group
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $96M | -$17M | 73.9% | -15.1% | $10M | — | $39M |
| 2024 | $51M | -$7M | 78.0% | -15.9% | $6M | — | $28M |
| 2023 | $27M | -$15M | 76.7% | -50.4% | $272000 | — | $21M |
| 2022 | $15M | -$43M | 78.8% | -82.1% | -$46M | — | $18M |
| 2021 | $788000 | $19M | 83.5% | -582.7% | -$109M | — | $25M |
| 2020 | — | $21M | — | — | $101M | — | $51M |
| 2016 | — | -$74M | — | — | — | — | — |
Valuation over time
How the market has priced COE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 121.0× (Mar '23) to 57.9× (Jun '26).
P/S
Frequently asked questions
Is COE growing its revenue and profit?
Over the past 5 years, 51Talk Online Education Group's revenue has grown 231.9% per year. These are computed facts, not advice.
How much debt does COE have?
As of FY2025, 51Talk Online Education Group reported — of total debt against $39M of cash.
What is COE's profit margin?
In FY2025, gross margin was 73.9%, operating margin -15.1%, and net margin -17.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.