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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | -78.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |