51Talk Online Education Group
COE · XNYSCIK 1659494fmd_1KGRERD0R8JAEASN1MVF9S6518Services · Services-Educational ServicesTemplate: Standard
Coverage: Jan 01, 2015 to Dec 31, 2025, 11 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 60 | 130 | 167 | 212 | 315 | 1 | 15 | 27 | 51 | 96 |
| Cost of revenue | 21 | 48 | 60 | 63 | 89 | 0 | 3 | 6 | 11 | 25 |
| Net interest income | – | – | – | – | – | 1 | – | – | – | – |
| Gross profit | 39 | 82 | 107 | 149 | 226 | 1 | 12 | 21 | 40 | 71 |
| Provision for credit losses | – | – | – | – | – | – | 0 | 0 | – | 1 |
| Research and development | 22 | 34 | 27 | 23 | 25 | 0 | 3 | 3 | 4 | 5 |
| Selling, general and administrative | 91 | 135 | 139 | 142 | 192 | 5 | 21 | 31 | 44 | 80 |
| Total operating expenses | 113 | 170 | 166 | 165 | 217 | 5 | 24 | 34 | 48 | 85 |
| Operating income | (74) | (88) | (59) | (15) | 16 | (5) | (12) | (14) | (8) | (14) |
| Interest expense | – | – | 0 | 1 | 0 | – | – | – | – | – |
| Interest and investment income | – | – | – | – | – | – | 0 | 0 | 0 | 0 |
| Other non-operating income (expense) | – | – | – | – | – | – | (0) | (1) | 1 | (2) |
| Income before taxes | (74) | (89) | (60) | (14) | 22 | (4) | (13) | (15) | (7) | (16) |
| Income tax expense | 0 | 1 | 1 | 1 | (1) | 0 | 0 | 0 | 0 | 1 |
| Net income from continuing operations | (74) | (89) | (61) | (15) | 23 | (4) | (13) | (15) | (7) | (17) |
| Net income | (74) | (89) | (61) | (15) | 21 | 19 | (43) | (15) | (7) | (17) |
| Net income to common shareholders | (87) | (89) | (61) | (15) | 21 | 19 | (43) | (15) | – | – |