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NYSE · Real estate51Talk Online Education Group (COE)
51Talk Online Education Group reported revenue of $95.6M in fiscal 2025, up 88.6% from a year earlier. It posted a net loss of $16.8M. Operating cash flow minus capital spending left $9.5M of free cash flow in fiscal 2025. At December 31, 2025 it held $38.9M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 23, 2026.
Key facts about 51Talk Online Education Group
- Net worth
- 51Talk Online Education Group has a market value (market cap) of $66.4M at the latest share price, and shareholders' equity of -$31.4M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $95.6M (+88.6% year on year), with a net loss of $16.8M.
- Cash flow
- In fiscal 2025 operations brought in $11.8M of cash; after $2.3M of capital spending, free cash flow was $9.5M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 23, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What 51Talk Online Education Group does
51Talk Online Education Group is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NYSE under the ticker COE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $95.6M | -$16.8M | -$0.05 | $9.5M |
| 2024 | $50.7M | -$7.2M | -$0.02 | $5.5M |
| 2023 | $27.1M | -$15M | -$0.04 | $272K |
| 2022 | $15M | -$42.6M | n/a | -$45.7M |
| 2021 | $788K | $18.7M | $0.06 | -$108.8M |
| 2020 | $314.8M | $21.2M | $0.07 | $100.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where COE ranks in Real estate
Latest SEC filings
What 51Talk Online Education Group has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 16, 2026Activist stake changed SCHEDULE 13D/A
- September 15, 2026
- June 12, 2026
- April 23, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 89% to $95.6M versus the prior year; diluted EPS -$0.05 versus -$0.02.
- March 27, 2026
- January 12, 2026Activist stake changed SCHEDULE 13D/A
- December 8, 2025
- December 8, 2025
- December 5, 2025Activist stake changed SCHEDULE 13D/A
- October 10, 2025Activist stake changed SCHEDULE 13D/A
Insider trades
What the people running 51Talk Online Education Group did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $33.1M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 2, 2026 | Huang Jack JiajiaChief Executive Officer, Director, 10% owner | Shares withheld for taxindirect | 4,020 | $42K |
| October 2, 2026 | Shu TingDirector | Shares withheld for tax | 4,020 | $42K |
| October 1, 2026 | Lai Jimmy Y.Director | Exercised options | 23,505 | - |
| October 1, 2026 | Lin Frank HurstDirector, 10% owner | Exercised options | 18,180 | - |
| October 1, 2026 | Huang Jack JiajiaChief Executive Officer, Director, 10% owner | Exercised optionsindirect | 18,180 | - |
| October 1, 2026 | Shu TingDirector | Exercised options | 18,180 | - |
| September 25, 2026 | Huang Jack JiajiaChief Executive Officer, Director, 10% owner | Boughtindirect | 1,227,600 | $14.1M |
| September 24, 2026 | Huang Jack JiajiaChief Executive Officer, Director, 10% owner | Boughtindirect | 2,880 | $33.1K |
Who owns COE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Jack Jiajia Huang13D, may seek influence with 3 related filers | 37.4% | October 16, 2026 |
| Ting Shu13D, may seek influence with 1 related filers | 25% | February 29, 2024 |
| Matthew C. Bonner ("Bonner")13D, may seek influence with 9 related filers | 22.4% | May 7, 2025 |
| HSG Venture V Holdco I, Ltd. ("HSG V HOLDCO I")13D, may seek influence with 8 related filers | 11.5% | December 5, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 14 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| HSG Holding Ltd | 474,901 | 0 |
| Bank of America Corp | 82,198 | -43,778 |
| Renaissance Technologies LLC | 41,675 | -2,600 |
| Jpmorgan Chase & Co | 37,669 | +15 |
| Barclays PLC | 6,308 | 0 |
| UBS Group AG | 957 | -45 |
| Rhumbline Advisers | 436 | 0 |
| BlackRock, Inc. | 81 | 0 |
| Royal Bank of Canada | 93 | 0 |
| Federation des caisses Desjardins du Quebec | 50 | new |
| Proathlete Wealth Management LLC | 50 | 0 |
| Acadian Asset Management LLC | 49,268 | -5,853 |
| Morgan Stanley | 26 | 0 |
| Bnp Paribas Financial Markets | 6 | 0 |
Insiders
5 insiders reported holding 49,024,694 shares in total, about $542.2M at the last price.
| Holder | Shares |
|---|---|
| Shu TingDirector | 42,896,58042,388,800 held indirectly |
| Lai Jimmy Y.Director | 3,005,741 |
| Wu XiaoguangDirector | 1,404,198 |
| Lin Frank HurstDirector, 10% owner | 1,210,395 |
| Huang Jack JiajiaChief Executive Officer, Director, 10% owner | 507,780507,780 held indirectly |
Questions about COE
What does 51Talk Online Education Group do?
51Talk Online Education Group is a company in the Real estate sector, listed on NYSE as COE. Its shares trade on NYSE under the ticker COE.
What is 51Talk Online Education Group's net worth?
51Talk Online Education Group has a market value (market cap) of $66.4M at the latest share price, and shareholders' equity of -$31.4M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is 51Talk Online Education Group profitable?
No. In fiscal 2025 it reported a net loss of $16.8M on revenue of $95.6M.
How much revenue does 51Talk Online Education Group make?
In fiscal 2025 51Talk Online Education Group reported revenue of $95.6M. That is 88.6% more than a year earlier.
When did 51Talk Online Education Group last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 23, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from October 26, 2026.
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Where the numbers come from
Financial figures are the values 51Talk Online Education Group tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.