51Talk Online Education Group (COE)

NYSE: COE · Services-Educational Services · Singapore, SG · filing with the SEC since 2015

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Grade6.2

◀ Past 6.4● Present 5.3▶ Future 7.1

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of 51Talk Online Education Group

Nine metrics read from its own filings, by tense

Headline grade

6.2/10

◀ Past6.430% of the headline

● Present5.340% of the headline

▶ Future7.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 73rd percentile among 42 sector filers · read for itself

From the record

51Talk Online Education Group's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.3/10

What has it actually done, year after year?

+231.9% a year over 5 filed years; profitable in 1 of 5.

weight 45% of this tense · 73rd percentile among 39 sector filers · read for its customers

From the record

51Talk Online Education Group's 5 filed years say what it did: revenue went from $788 thousand in fiscal 2021 to $96 million in fiscal 2025, up 231.9% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span231.9%top 1% of its family
the share of years revenue rosetop 10% of its family
the share of filed years with a profitbottom 14% of its family
the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

3.4/10

How has it treated the people who own it?

Share count grew 1.9% a year. 0% of cash flow returned. Insiders: 0 sales, 128 purchases.

weight 22% of this tense · 34th percentile among 28 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, 51Talk Online Education Group's diluted share count grew about 1.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 128 purchases of their own stock on the open market in the year to 2026-10-26, buying about $263 million (their Form 4 filings).

What it rests on

the share count over the yearstop 49% of its family
cash returned against operating cash flowbottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.8/10

Is it financially healthy right now?

Leverage 147%: owes 147¢ per asset dollar.

weight 33% of this tense · 48th percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, 51Talk Online Education Group's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 107 cents per dollar of everything the company owns. Leverage: it owed about 147 cents per dollar of assets, and net share issuance: its share count grew 2.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 4% of its family
gross profit against assetstop 7% of its family
the share count against the year beforebottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.8/10

How strong is its position in its industry?

top 42% of 41 in its family; net margin -17.6%.

weight 45% of this tense · 58th percentile among 41 sector filers · read for its customers

From the record

51Talk Online Education Group's standing among 41 graded names in its industry family: revenue of $96 million in fiscal 2025 ranks in the bottom 41% by size; a net margin of -17.6% ranks in the bottom 35%; revenue growth of 85.2% a year over the last 3 filed years ranks in the top 4% (its annual reports).

What it rests on

revenue against the family$95.6Mbottom 41% of its family
net margin-17.6%bottom 35% of its family
three-year revenue growth85.2%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 16 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: 51Talk Online Education Group's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

7.8/10

How much room does it have to grow?

top 22% of 41 in its family for room to expand.

weight 22% of this tense · 78th percentile among 41 sector filers · read for itself

From the record

51Talk Online Education Group's room to grow, from the newest filed statements (fiscal 2025): cash of $39 million against no long-term debt tagged leaves 58.8% of its assets as net cash, top 6% of its family; cash from operations less capital spending is 10% of revenue (top 28%); a gross margin of 73.9% (top 4%); research spending of 5.7% of revenue (top 50%) (its annual report).

What it rests on

cash less debt against assets58.8%top 6% of its family
cash from operations less capital spending against revenue10.0%top 28% of its family
gross margin73.9%top 4% of its family
research spending against revenue5.7%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.8/10

What could actually drive growth from here?

top 31% of 39 in its family for growth drivers.

weight 45% of this tense · 69th percentile among 39 sector filers · read for its customers

From the record

51Talk Online Education Group's growth drivers, from the filed years to fiscal 2025: revenue grew 85.2% a year over the last three filed years against 231.9% over all 5, slowing (bottom 1% of its family); the newest year grew 88.7% (top 6%); research spending grew 24.1% a year (top 19%); capital spending grew 670.9% a year (top 1%) (its annual reports). 51Talk Online Education Group tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-146.7 points a yearbottom 1% of its family
the newest year's revenue growth88.7%top 6% of its family
three-year growth of research spending24.1%top 19% of its family
three-year growth of capital spending670.9%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

7.1/10

Did its newest year beat what its own record pointed to?

top 29% of 36 in its family for expectations against reality.

weight 33% of this tense · 71st percentile among 36 sector filers · read for its shareholders

From the record

51Talk Online Education Group's newest year against its own record: revenue of $96 million in fiscal 2025 came in 2.8% above the $93 million its prior three years' pace pointed to (top 24% of its family); net income of $17 million against a prior three-year average of $22 million (bottom 40%); a net margin of -17.6% against losses larger than its revenue before (top 4%) (its annual reports).

What it rests on

revenue against the prior three years' pace2.8%top 24% of its family
net income against the prior three years' average+22%bottom 40% of its family
net margin against its prior average+99.9 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton COE · research, not advice