51Talk Online Education (COE) Operating Expenses (2015 - 2025)

51Talk Online Education's Operating Expenses history runs 11 years deep, the most recent figure standing at -$27.4 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 103.56% year-over-year to -$27.4 million; the TTM figure through Dec 2025 stood at -$84.5 million (down 77.59% YoY), while the FY2025 annual figure was $85.1 million, up 78.85% from the prior year.
• Operating Expenses was -$27.4 million for Q4 2025 at 51Talk Online Education, down from -$23.8 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$5.0 million in Q1 2022 to a low of -$71.4 million in Q2 2021.
• Historically, Operating Expenses has averaged -$21.9 million across 5 years, with a median of -$11.6 million in 2024.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses slumped 251.76% in 2021, then surged 92.75% in 2022.
• A 5-year view of Operating Expenses shows it stood at -$50.2 million in 2021, then jumped by 87.72% to -$6.2 million in 2022, then sank by 60.87% to -$9.9 million in 2023, then sank by 35.61% to -$13.4 million in 2024, then plunged by 103.56% to -$27.4 million in 2025.
• The last three Operating Expenses figures came in at -$27.4 million (Q4 2025), -$23.8 million (Q3 2025), and -$17.9 million (Q2 2025), per Business Quant data.