# 51Talk Online Education Group: Form 20-F for the period ended Dec 31, 2025

- Company: [51Talk Online Education Group](/companies/coe.md) (CIK 1659494)
- Form: 20-F
- Filed: 2026-04-23
- Accepted by EDGAR: Apr 23, 2026, 08:01 ET
- Period: 2025-12-31
- Accession: 0001104659-26-047273
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1659494/000110465926047273/coe-20251231x20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1659494/000110465926047273/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2025-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2025-01-01 to 2025-12-31 | $95.6m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2025-01-01 to 2025-12-31 | $24.9m | us-gaap:CostOfGoodsAndServicesSold |
| Gross profit | 12 months, 2025-01-01 to 2025-12-31 | $70.7m | us-gaap:GrossProfit |
| Research and development | 12 months, 2025-01-01 to 2025-12-31 | $5.5m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2025-01-01 to 2025-12-31 | −$14.4m | us-gaap:OperatingIncomeLoss |
| Income tax | 12 months, 2025-01-01 to 2025-12-31 | $1.2m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2025-01-01 to 2025-12-31 | −$16.8m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2025-01-01 to 2025-12-31 | −$0.05 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2025-01-01 to 2025-12-31 | −$0.05 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2025-01-01 to 2025-12-31 | 355,001,931 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2025-01-01 to 2025-12-31 | $11.8m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2025-01-01 to 2025-12-31 | $2.3m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Current assets | at 2025-12-31 | $60.4m | us-gaap:AssetsCurrent |
| Total assets | at 2025-12-31 | $66.1m | us-gaap:Assets |
| Current liabilities | at 2025-12-31 | $95.4m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2025-12-31 | $97.3m | us-gaap:Liabilities |
| Shareholders' equity | at 2025-12-31 | −$31.4m | us-gaap:StockholdersEquity |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1659494/000110465926047273/coe-20251231x20f.htm

Filed Apr 23, 2026.
Source: SEC EDGAR, the filing index for accession 0001104659-26-047273. Last ingested by Listed: Oct 26, 2026, 21:25 ET. No prices; not investment advice.