COE
51Talk Online Education Group
NYSE MKT: COE · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
$28.31
+1.14% today
Updated 2026-04-30
Market cap
$154.63M
P/E ratio
—
P/S ratio
1.62x
EPS (TTM)
$-3.00
Dividend yield
—
52W range
$15 – $56
Volume
0.0M
51Talk Online Education Group (COE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.57M | $8.42M | $23.83M | $60.24M | $129.89M | $166.52M | $211.31M | $314.40M | $788000.00 | $15.05M | $27.11M | $50.69M | $95.85M |
| Revenue growth (YoY) | — | +135.4% | +183.1% | +152.8% | +115.6% | +28.2% | +26.9% | +48.8% | -99.7% | +1809.6% | +80.2% | +87.0% | +89.1% |
| Cost of revenue | $1.53M | $3.58M | $9.19M | $21.19M | $48.11M | $59.73M | $62.87M | $88.84M | $130000.00 | $3.19M | $6.32M | $11.16M | $25.01M |
| Gross profit | $2.04M | $4.84M | $14.63M | $39.05M | $81.77M | $106.79M | $148.43M | $225.56M | $658000.00 | $11.85M | $20.79M | $39.53M | $70.84M |
| Gross margin | 57.1% | 57.5% | 61.4% | 64.8% | 63.0% | 64.1% | 70.2% | 71.7% | 83.5% | 78.8% | 76.7% | 78.0% | 73.9% |
| R&D | $498000.00 | $1.74M | $8.41M | $21.99M | $34.19M | $26.89M | $22.51M | $24.92M | $135000.00 | $2.87M | $3.09M | $3.57M | $5.49M |
| SG&A | $1.42M | $5.09M | $10.00M | $23.86M | $34.37M | $32.43M | $28.02M | $32.79M | $1.69M | $8.07M | $7.73M | $10.62M | $79.61M |
| Operating income | $-2.70M | $-15.09M | $-49.57M | $-73.75M | $-87.43M | $-58.83M | $-15.37M | $15.98M | $-4.59M | $-12.36M | $-13.66M | $-8.05M | $-14.47M |
| Operating margin | -75.6% | -179.3% | -208.1% | -122.4% | -67.3% | -35.3% | -7.3% | 5.1% | -582.7% | -82.1% | -50.4% | -15.9% | -15.1% |
| EBITDA | $-2.67M | $-14.86M | $-48.43M | $-71.37M | $-82.98M | $-53.77M | $-9.04M | $21.88M | $-4.50M | $-12.26M | $-13.56M | $-7.91M | $-14.47M |
| EBITDA margin | -74.8% | -176.6% | -203.3% | -118.5% | -63.9% | -32.3% | -4.3% | 7.0% | -570.4% | -81.4% | -50.0% | -15.6% | -15.1% |
| EBIT | $-2.70M | $-15.09M | $-49.57M | $-73.75M | $-87.43M | $-58.57M | $-12.85M | $18.98M | $-4.59M | $-12.36M | $-13.66M | $-8.05M | — |
| Interest expense | $117157.00 | $195547.00 | $54376.00 | $148333.00 | $869852.00 | $1.44M | $1.35M | $10102.00 | $1.86M | $30.04M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-2.94M | $-16.40M | $-50.38M | $-74.13M | $-88.96M | $-60.57M | $-14.92M | $21.24M | $18.74M | $-12.84M | $-15.03M | $-7.24M | $-16.85M |
| Net income growth (YoY) | — | -458.3% | -207.3% | -47.1% | -20.0% | +31.9% | +75.4% | +242.3% | -11.8% | -168.5% | -17.0% | +51.9% | -132.9% |
| Profit margin | -82.1% | -194.8% | -211.5% | -123.1% | -68.5% | -36.4% | -7.1% | 6.8% | 2377.9% | -85.4% | -55.4% | -14.3% | -17.6% |