olivLaw · US equity research
51Talk Online Education Group COE
Services-Educational Services · SIC 8200 · Vertical: Services-Educational Services (SIC 8200)
51Talk Online Education Group (COE) is a tutor-centric online platform focused on English education that, after exiting mainland China, now concentrates on students outside it. Rapid revenue growth over the latest year, alongside net losses, makes the trajectory of the international business worth following closely. Net revenues for fiscal 2025 reached 95.6 million USD, while active students grew by 81.2%.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, 51Talk Online Education Group (COE) stock was 11.28 USD (+1.62% on the day), with market capitalisation 4.1 bn USD, beta 0.34, 52-week range 9.96–45.13 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 46.5
- neutral
- Bollinger (20, 2)
- 10.74 – 12.16
- in the lower half of the band · %B 0.38 · band width 12.4%
- SMA 50 / 200
- 11.99 / 19.58
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.22 / -0.26
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +3.1% | −1.1% | +4.2 pp | — |
| 3 months | −40.6% | −0.5% | −40.1 pp | — |
| 6 months | −56.6% | +4.4% | −61.0 pp | — |
| Year to date | −64.7% | +12.3% | −77.0 pp | — |
| 1 year | −75.7% | +13.5% | −89.2 pp | −30.3% |
| 3 years | +45.5% | +76.4% | −30.9 pp | −16.5% |
| 5 years | +21.6% | +63.7% | −42.1 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | ⚠ 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166.6 m | 212.4 m | 314.8 m | 788.0 k | 15.0 m | 27.1 m | 50.7 m | 95.6 m |
| Revenue YoY | +27.8% | +27.5% | +48.2% | — | +1,809.6% | +80.2% | +87.0% | +88.6% |
| Net income | -60.6 m | -15.0 m | 21.2 m | 18.7 m | -42.6 m | -15.0 m | -7.2 m | -16.8 m |
| Net income YoY | unavailable | unavailable | unavailable | — | −327.1% | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | 0.07 | 0.06 | unavailable | -0.04 | -0.02 | -0.05 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | — | unavailable | unavailable | unavailable | unavailable |
| net % | -36.4% | -7.1% | 6.7% | 2,377.9% | -282.8% | -55.4% | -14.3% | -17.6% |
| Free cash flow | 1.8 m | 55.8 m | 100.8 m | -108.8 m | -45.7 m | 272.0 k | 5.5 m | 9.5 m |
The series breaks before 2021: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 38.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- -31.3 m USD
- Total assets
- 66.1 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.63x
- ROE
- unavailable
- ROA
- -30.5%
- FCF margin
- 10.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 314.8 m | 788.0 k | 15.0 m | 27.1 m | 50.7 m | 95.6 m | SEC (XBRL)· 23 Apr 2026verified |
| Cost of revenue | 89.0 m | 130.0 k | 3.2 m | 6.3 m | 11.2 m | 24.9 m | SEC (XBRL)· 23 Apr 2026verified |
| Gross profit | 225.9 m | 658.0 k | 11.9 m | 20.8 m | 39.5 m | 70.7 m | SEC (XBRL)· 23 Apr 2026verified |
| Research & development | 25.0 m | 135.0 k | 2.9 m | 3.1 m | 3.6 m | 5.5 m | SEC (XBRL)· 23 Apr 2026verified |
| Operating income | 16.0 m | -4.6 m | -12.4 m | -13.7 m | -8.0 m | -14.4 m | SEC (XBRL)· 23 Apr 2026verified |
| Depreciation & amortisation | 2.9 m | 97.0 k | 103.0 k | 99.0 k | 137.0 k | 434.0 k | SEC (XBRL)· 23 Apr 2026verified |
| EBITDA | 18.9 m ≈ | -4.5 m ≈ | -12.3 m ≈ | -13.6 m ≈ | -7.9 m ≈ | -14.0 m ≈ | SEC (XBRL)· 23 Apr 2026derived |
| Interest expense | 10.0 k | — | — | — | — | — | SEC (XBRL)· 07 Apr 2021verified |
| Pre-tax income | 21.9 m | -4.1 m | -12.8 m | -14.9 m | -7.0 m | -15.6 m | SEC (XBRL)· 23 Apr 2026verified |
| Income tax | -629.0 k | 100.0 k | 60.0 k | 118.0 k | 276.0 k | 1.2 m | SEC (XBRL)· 23 Apr 2026verified |
| Net income | 21.2 m | 18.7 m | -42.6 m | -15.0 m | -7.2 m | -16.8 m | SEC (XBRL)· 23 Apr 2026verified |
| Diluted EPS | 0.07 | 0.06 | — | -0.04 | -0.02 | -0.05 | SEC (XBRL)· 23 Apr 2026verified |
| Weighted average diluted shares | 319.6 m | 328.5 m | 335.6 m | 341.1 m | 347.1 m | 355.0 m | SEC (XBRL)· 23 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 51.3 m | 24.6 m | 18.2 m | 21.3 m | 27.8 m | 38.9 m | SEC (XBRL)· 23 Apr 2026verified |
| Inventories | 297.0 k | 169.0 k | — | — | — | — | SEC (XBRL)· 02 May 2022verified |
| Current assets | 247.9 m | 151.2 m | 26.6 m | 29.8 m | 40.1 m | 60.4 m | SEC (XBRL)· 23 Apr 2026verified |
| Property, plant & equipment, net | 3.2 m | 148.0 k | 25.0 k | 138.0 k | 363.0 k | 2.0 m | SEC (XBRL)· 23 Apr 2026verified |
| Goodwill | 647.0 k | — | — | — | — | — | SEC (XBRL)· 07 Apr 2021verified |
| Intangibles (excl. goodwill) | 3.1 m | 116.0 k | 104.0 k | 92.0 k | 80.0 k | 68.0 k | SEC (XBRL)· 23 Apr 2026verified |
| Total assets | 338.6 m | 187.1 m | 27.6 m | 31.2 m | 43.9 m | 66.1 m | SEC (XBRL)· 23 Apr 2026verified |
| Current liabilities | 462.5 m | 297.0 m | 20.5 m | 39.1 m | 56.9 m | 95.4 m | SEC (XBRL)· 23 Apr 2026verified |
| Total liabilities | 471.5 m | 300.5 m | 21.1 m | 39.3 m | 58.7 m | 97.3 m | SEC (XBRL)· 23 Apr 2026verified |
| Equity | -132.9 m | -113.4 m | 6.6 m | -8.2 m | -14.7 m | -31.3 m | SEC (XBRL)· 23 Apr 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 104.2 m | -105.0 m | -45.7 m | 559.0 k | 5.8 m | 11.8 m | SEC (XBRL)· 23 Apr 2026verified |
| Capex | 3.4 m | 3.8 m | 5.0 k | 287.0 k | 308.0 k | 2.3 m | SEC (XBRL)· 23 Apr 2026verified |
| Free cash flow | 100.8 m ≈ | -108.8 m ≈ | -45.7 m ≈ | 272.0 k ≈ | 5.5 m ≈ | 9.5 m ≈ | SEC (XBRL)· 23 Apr 2026derived |
| Investing cash flow | -106.0 m | 98.3 m | 2.5 m | 2.4 m | 468.0 k | -952.0 k | SEC (XBRL)· 23 Apr 2026verified |
| Financing cash flow | 1.3 m | -2.4 m | 20.5 m | — | 240.0 k | 218.0 k | SEC (XBRL)· 23 Apr 2026verified |
| Share repurchases | 3.5 m | 3.2 m | — | — | — | — | SEC (XBRL)· 02 May 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.1 bn USD
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -17.6% | 29 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 85.2% | 100 (on a fixed band) | 31% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.6x | 0 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 0.2% | 3 (on a fixed band) | 31% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality· partial29/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial3/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
51Talk Online Education Group (COE). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 95.6 m USD in 2025; YoY growth 88.6%; net margin -17.6%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 85.2%
What contradicts it
- Net margin: -17.6%
- Current ratio: 0.6x
- FCF yield: 0.2%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Services-Educational Services (SIC 8200) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EDUNew Oriental Education & Technology Group Inc. | 80.7 bn | 169.7 | 12.4% | 8.4% | +15.5% | +2% / −36% |
| LAURLaureate Education, Inc. | 4.8 bn | 12.9 | 34.1% | 20.3% | +8.6% | +14% / +168% |
| CVSACovista Inc. | 4.1 bn | 17.0 | 17.9% | 12.8% | +9.3% | +34% / +118% |
| COE51Talk Online Education Group | 4.1 bn | — | — | -17.6% | +88.6% | −76% / +46% |
| LOPEGrand Canyon Education, Inc. | 3.8 bn | 16.1 | 35.9% | 21.9% | +7.1% | −4% / +10% |
| LRNStride, Inc. | 3.3 bn | 10.9 | 20.9% | 13.2% | +4.7% | +25% / +31% |
| NAMIJinxin Technology Holding Company | 2.6 bn | — | -89.7% | -22.8% | +6.1% | −89% / unavailable |
| DAOYoudao, Inc. | 2.5 bn | 159.2 | — | 1.6% | +9.6% | +105% / +397% |
| PRDOPerdoceo Education Corp | 1.9 bn | 10.9 | 17.6% | 20.6% | +24.2% | +7% / +72% |
| STRAStrategic Education, Inc. | 1.7 bn | 12.4 | 8.2% | 10.5% | +4.0% | −5% / −16% |
| YQ17 Education & Technology Group Inc. | 1.5 bn | — | -46.5% | -145.6% | −41.5% | −41% / +14% |
| UTIUniversal Technical Institute, Inc | 1.2 bn | 36.3 | 10.5% | 3.9% | +14.0% | −3% / +91% |
| PXEDPhoenix Education Partners, Inc. | 794.4 m | 9.5 | 30.1% | 8.7% | +1.0% | −36% / unavailable |
| APEIAmerican Public Education, Inc. | 776.2 m | 17.5 | 15.6% | 6.8% | +3.9% | +22% / +439% |
| LINCLincoln Educational Services Corporation | 637.9 m | 28.0 | 11.9% | 4.0% | +17.8% | −2% / +117% |
| JZJianzhi Education Technology Group Company Limited | 522.3 m | — | -44.4% | -22.4% | −70.6% | −98% / −100% |
| GOTUGaotu Techedu Inc. | 373.9 m | — | -20.8% | -5.3% | +40.9% | −0% / −9% |
| IHiHuman Inc. | 245.2 m | 22.8 | 10.0% | 11.8% | −8.7% | −60% / −59% |
| FEDUFour Seasons Education (Cayman) Inc. | 210.5 m | 46.6 | 6.8% | 12.1% | +7.6% | −30% / +13% |
| LXEHLixiang Education Holding Co. Ltd. | 155.2 m | — | -83.1% | -395.4% | −1.9% | −63% / −99% |
| LGCYLegacy Education Inc. | 118.1 m | 14.0 | 19.5% | 11.4% | +24.8% | −12% / unavailable |
| EEIQEpicQuest Education Group International Limited | 93.6 m | — | -34.8% | -27.2% | +9.6% | −23% / −81% |
| VSAVisionSys AI Inc | 81.8 m | 0.3 | — | 164,963.8% | −99.9% | −97% / −100% |
| CHGGChegg, Inc | 71.1 m | — | -30.7% | -17.2% | −39.0% | −34% / −94% |
| AMBOAmbow Education Holding Ltd. | 62.3 m | — | -2.9% | -2.6% | +0.8% | −61% / −10% |
1- and 3-year price returns: for COE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 23 Apr 2026; since then the company filed 6-K (15 Sept 2026), 6-K (12 Jun 2026).
In brief
51Talk Online Education Group (COE) is a tutor-centric online platform focused on English education that, after exiting mainland China, now concentrates on students outside it. Rapid revenue growth over the latest year, alongside net losses, makes the trajectory of the international business worth following closely. Net revenues for fiscal 2025 reached 95.6 million USD, while active students grew by 81.2%.
SWOT
Strengths
- The proprietary Air Class platform and mobile app have a high rate of use among active students.
- The tutor pool is large and selected through a rigorous process, with an internal system of evaluation and training.
- The company has built a brand recognised in English education, used to attract new students in international markets.
Weaknesses
- The international operating history is short, which makes long-term prospects difficult to assess.
- The company recorded net losses in every year of the period analysed, and its sales and marketing spending is very high.
- Concentration on a single product category and on one-on-one lessons makes the model sensitive to shifts in demand.
Opportunities
- Entry into new markets and deeper presence in countries already open could support growth in student numbers.
- Adapting content and payment methods to local needs could improve student acquisition and retention.
- Greater marketing efficiency could improve margins if the cost of acquiring students falls.
Threats
- Competition in online education could reduce market share or pressure the prices of course packages.
- Geopolitical tensions in the regions of operation could disrupt the local economy and business environment.
- Regulatory changes on education, online content or personal data could limit or raise the cost of operations.
Risks
- Limited international operating historyhigh
The company began its international activity only recently, so past performance may not be representative of the future. Growth could slow or revenues could decline for reasons that are hard to control.
- Recurring net losseshigh
The company reported net losses in every year of the period analysed. If losses persist, financing growth could become a problem.
- Dependence on tutorsmedium
Teaching quality depends on the company's ability to attract and retain qualified tutors. If tutor shortages grow, lesson quality could decline.
- Regulatory and data risksmedium
The company must comply with data protection, broadcast content and licensing rules in several jurisdictions. Non-compliance could lead to licence revocation or blocking of content.
- Geopolitical and tax risk in regionslow
Geopolitical tensions and uncertain tax liabilities in the countries of operation could affect operations and financial results. Tax obligations can be hard to anticipate, especially where tax structures are changing.
Investment thesis
What would need to be true (bull case)
- Active student numbers and revenues have grown quickly, showing the business model can attract demand in new markets.
- The proprietary platform and heavy use of the mobile app could support student retention and cost efficiency over the long term.
- If marketing becomes more efficient, margins could improve as the student base grows.
What would break the thesis
- The company has reported net losses every year, and sales and marketing costs are very high relative to revenue.
- The international history is short, so it is hard to know whether the pace of growth can be sustained.
- Regulatory, geopolitical and tax risks in the countries of operation could limit expansion or raise costs.
What to watch
- Trend of sales and marketing spending relative to revenue2027
- Gross margin and the effect of payment processing feesQ1 2027
- Results of recently opened markets such as Vietnam and Jordan2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 23 Apr 2026; since then the company filed 6-K (15 Sept 2026), 6-K (12 Jun 2026).
The business
The model is based on prepaid course packages that students consume lesson by lesson, with revenue recognised as lessons are consumed or expire. The proprietary Air Class platform and mobile app are central to the experience, with almost all active students using the app in 2025. Lessons are short, and tutors are selected and trained through an internal rigorous process.
The company has expanded into Hong Kong, Thailand, Malaysia, Saudi Arabia, Jordan, the United Arab Emirates and Vietnam, operating through wholly owned subsidiaries or, in the case of Thailand, a non-wholly owned one. Sales and marketing costs are its largest operating expense, so their efficiency matters greatly for profitability.
Segments
One-on-one English lessons for children and teenagers
The core segment targets children mainly aged five to twelve, with package prices varying by market. Revenue is directly tied to the number of active students and the lessons booked.
Courses for students in the Middle East and Asia
In the Middle East and Southeast Asian markets, the company adapts course content, payment methods and customer service to local needs. This is a newer segment with a short history, so its performance is still hard to extrapolate.
Tutors and teaching resource
Tutors are largely engaged as independent contractors and paid per lesson taught, which makes the cost structure variable. The company runs a tiered progression system for tutors linked to student ratings.
Market context
The online English-learning market is fragmented and competitive, and demand in the regions where the company operates is supported by parents' interest in improving children's communication skills. The source does not give the company's own estimate of market size, so its relative position remains difficult to quantify.
Confidence in the company's ability to attract students depends on marketing efficiency and brand reputation, which are harder to measure than revenue. If marketing spend grows faster than revenue, margin pressure could become a concern.
Trends
- Expansion into new marketsmixed
The company has opened subsidiaries in several countries in recent years and aims to enter further markets, which could accelerate student growth. Each new market, however, brings launch costs and different regulation.
- Growth in active studentstailwind
Active student numbers rose strongly over the latest year, and this is the main driver of revenue. If the pace of student acquisition holds, growth could continue, though this is not assured.
- Pressure from marketing costsheadwind
Sales and marketing expenses have risen considerably and make up most of operating costs. If these expenses do not become more efficient, operating margins could remain under pressure.
- Regulation of education and online contentheadwind
The company must comply with data protection rules, broadcast content regulation and licensing in each country of operation. Regulatory changes could constrain the business model or raise compliance costs.
Competitive position
The company operates in a competitive sector where many providers offer online English lessons, some with tutor-based models and others with automated content. The source does not give a full list of competitors or market shares, and the competitive edge it claims rests on its tutors, its proprietary platform and its brand.
Competition risk is explicitly flagged in the report: if the company fails to compete effectively, it could lose market share or be unable to gain more. Differentiation through a proprietary platform and a qualified tutor pool is the main argument put forward.
- Local providers of online English lessons
The source refers to competition in general terms without naming firms; these providers operate in the local markets where the company is present.
- Online education platforms with automated-content models
The source mentions alternative business models as a possible threat without identifying them explicitly.
- Language course providers with foreign tutors
Direct competitors for the same students, offering similar one-on-one lessons.
- Adult English-learning platforms
Indirect competition that could also draw students from the older age group mentioned in the source.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)15 Sept 2026
- Current report (foreign issuer)12 Jun 2026
- Annual report (foreign issuer)23 Apr 2026
- Current report (foreign issuer)27 Mar 2026
- Current report (foreign issuer)08 Dec 2025
- Current report (foreign issuer)08 Dec 2025
- Current report (foreign issuer)03 Sept 2025
- Current report (foreign issuer)03 Sept 2025
- Current report (foreign issuer)09 Jun 2025
- Annual report (foreign issuer)25 Apr 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / 51Talk Online Education Group · 23 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.