51Talk Online Education COE
NYSE COE
$15.12 -0.10 (-0.66%)
As of: Sep 2, 2026 · 3:47 PM EDT

51Talk Online Education (COE) Operating Expenses (2015 - 2026)

51Talk Online Education (COE) posted quarterly Operating Expenses of -$24.4 million for Q1 2026, down 57.2% year-over-year from -$57.0 million in Q1 2025, and up 10.85% quarter-over-quarter from -$27.4 million in Q4 2025.

Analysis

51Talk Online Education (COE) Operating Expenses (2015 - 2026) Analysis & Trends

51Talk Online Education's Operating Expenses history runs 12 years deep, the most recent figure standing at -$24.4 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 57.2% year-over-year to -$24.4 million; the TTM figure through Mar 2026 stood at -$93.6 million (down 80.65% YoY), while the FY2025 annual figure was $85.1 million, up 78.85% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$24.4 million, up from -$27.4 million in the prior quarter.
  • The five-year high for Operating Expenses was -$5.0 million in Q1 2022, with the low at -$27.4 million in Q4 2025.
  • The 5-year median for Operating Expenses is -$11.0 million (2024), against an average of -$12.7 million.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 92.75% in 2022, then plunged 103.56% in 2025.
  • 51Talk Online Education's Operating Expenses stood at -$6.2 million in 2022, then plunged by 60.87% to -$9.9 million in 2023, then plunged by 35.61% to -$13.4 million in 2024, then tumbled by 103.56% to -$27.4 million in 2025, then rose by 10.85% to -$24.4 million in 2026.
  • Business Quant data shows COE's Operating Expenses at -$24.4 million in Q1 2026, -$27.4 million in Q4 2025, and -$23.8 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 New Oriental Education & Technology 92.96 Bn 90.22 Bn 812.22 Mn 1.44 Bn
2 Laureate Education 5.00 Bn 4.84 Bn 237.67 Mn 14.24 Mn
3 Graham Holdings 4.69 Bn 3.48 Bn 777.03 Mn 1.22 Bn
4 Covista 4.52 Bn 4.11 Bn 284.63 Mn 405.94 Mn
5 Grand Canyon Education 3.90 Bn 3.63 Bn 204.08 Mn 205.89 Mn
6 Stride 3.66 Bn 2.71 Bn 217.28 Mn 111.43 Mn
7 McGraw Hill 2.54 Bn 2.34 Bn 439.20 Mn 324.92 Mn
8 Perdoceo Education 2.07 Bn 762.91 Mn 162.46 Mn 158.47 Mn
9 TAL Education 1.92 Bn -760.48 Mn 227.32 Mn 243.19 Mn
10 51Talk Online Education 364.33 Mn 329.00 Mn 22.97 Mn -24.40 Mn
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2026 -24.40 Mn
Dec 31, 2025 -27.37 Mn
Sep 30, 2025 -23.85 Mn
Jun 30, 2025 -17.94 Mn
Mar 31, 2025 -15.52 Mn
Dec 31, 2024 -13.44 Mn
Sep 30, 2024 -11.85 Mn
Jun 30, 2024 -10.98 Mn
Mar 31, 2024 -11.31 Mn
Dec 31, 2023 -9.91 Mn
Sep 30, 2023 -9.82 Mn
Jun 30, 2023 -7.86 Mn
Mar 31, 2023 -6.86 Mn
Dec 31, 2022 -6.16 Mn
Sep 30, 2022 -6.19 Mn
Jun 30, 2022 -6.88 Mn
Mar 31, 2022 -4.98 Mn
Dec 31, 2021 -50.18 Mn
Sep 30, 2021 -57.09 Mn
Jun 30, 2021 -71.41 Mn