51Talk Online Education (COE) Gross Margin (2015 - 2025)
51Talk Online Education (COE) recorded quarterly Gross Margin of 72.43% in Q4 2025, down 1.0% quarter-over-quarter from 73.16% in Q3 2025, and down 508.0% on a YoY basis from 17.75% in Q4 2024.
51Talk Online Education (COE) Gross Margin (2015 - 2025) Analysis & Trends
51Talk Online Education's Gross Margin history runs 11 years deep, the most recent figure standing at 72.43% for Q4 2025.
- In Q4 2025, Gross Margin fell 508.0% year-over-year to 72.43%; the TTM figure through Dec 2025 stood at 73.96% (down 402.0% YoY), while the FY2025 annual figure was 73.91%, down 407.0% from the prior year.
- Gross Margin was 72.43% for Q4 2025 at 51Talk Online Education, down from 73.16% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 79.36% in Q4 2021 to a low of 72.43% in Q4 2025.
- Historically, Gross Margin has averaged 76.5% across 5 years, with a median of 77.5% in 2024.
- The sharpest annual moves came in 2021 and 2025: Gross Margin soared 667 bps in 2021, then tumbled 559 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 79.36% in 2021, then decreased by 0 bps to 78.97% in 2022, then dropped by 5 bps to 75.0% in 2023, then rose by 3 bps to 77.51% in 2024, then decreased by 7 bps to 72.43% in 2025.
- The last three Gross Margin figures came in at 72.43% (Q4 2025), 73.16% (Q3 2025), and 74.6% (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.64 Bn | 7.60 Bn | 22.18 Mn | 72.43% |
| 2 | Graham Holdings | 4.92 Bn | 3.91 Bn | 841.00 Mn | 68.04% |
| 3 | Laureate Education | 4.86 Bn | 4.70 Bn | -16.39 Mn | -6.01% |
| 4 | Covista | 4.36 Bn | 4.35 Bn | 276.31 Mn | 56.73% |
| 5 | Stride | 4.16 Bn | 3.36 Bn | 231.57 Mn | 36.76% |
| 6 | Grand Canyon Education | 3.97 Bn | 3.72 Bn | 244.77 Mn | 79.28% |
| 7 | Universal Technical Institute | 2.35 Bn | 2.19 Bn | 103.97 Mn | 46.96% |
| 8 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 78.77% |
| 9 | Strategic Education | 1.76 Bn | 1.60 Bn | - | - |
| 10 | Lincoln Educational Services | 1.45 Bn | 1.43 Bn | 120.06 Mn | 83.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 72.43% |
| Sep 30, 2025 | 73.16% |
| Jun 30, 2025 | 74.60% |
| Mar 31, 2025 | 76.96% |
| Dec 31, 2024 | 77.51% |
| Sep 30, 2024 | 78.75% |
| Jun 30, 2024 | 78.10% |
| Mar 31, 2024 | 77.48% |
| Dec 31, 2023 | 75.00% |
| Sep 30, 2023 | 76.26% |
| Jun 30, 2023 | 78.37% |
| Mar 31, 2023 | 77.63% |
| Dec 31, 2022 | 78.97% |
| Sep 30, 2022 | 78.58% |
| Jun 30, 2022 | 79.21% |
| Mar 31, 2022 | 77.90% |
| Dec 31, 2021 | 79.36% |
| Sep 30, 2021 | 73.53% |
| Jun 30, 2021 | 72.72% |
| Mar 31, 2021 | 73.40% |