COE on NYSE

51Talk Online Education Group

Educational services company in the Cayman Islands, listed on NYSE (COE). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$95.6MRevenue, fiscal 20252
-$16.8MNet income, fiscal 20252

Compare with Boxlight Corp, Legacy Education Inc. or iHuman Inc., or pick any stock.

  • TickerCOE on NYSE1
  • IndustryServices-Educational Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address6 Shenton Way, #38-07 Oue Downtown, Singapore, 0688093
  • Filer categoryNon-accelerated filer3

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51Talk Online Education Group began to provide English education services in July 2011, initially in mainland China. In order to facilitate international capital raising of our company, we incorporated China Online Education Group, or 51Talk, to become our offshore holding company under the laws of the Cayman Islands in November 2012.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

73.9%Gross margin2
-15.1%Operating margin2
-17.6%Net margin2
88.6%Revenue growth, 20252
$9.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue26¢$24.9M
  • Research and development6¢$5.5M
  • Other costs67¢$63.9M
  • Income tax1¢$1.2M

Out of $95.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending19¢$2.3M
  • Kept or used elsewhere81¢$9.5M

Out of $11.8M of cash from operations.2

Financial statements

Revenue567892$95.6M in 2025−43% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $166.6M$166.6M20182019: $212.4M$212.4M2019+27%2020: $314.8M$314.8M2020+48%2021: $788.0K$788.0K2021−100%2022: $15.0M$15.0M2022+1810%2023: $27.1M$27.1M2023+80%2024: $50.7M$50.7M2024+87%2025: $95.6M$95.6M2025+89%
Gross profit567892$70.7M in 2025−34% since 2018
0$100.0M$200.0M$300.0M2018: $106.8M$106.8M20182019: $149.2M$149.2M2019+40%2020: $225.9M$225.9M2020+51%2021: $658.0K$658.0K2021−100%2022: $11.9M$11.9M2022+1702%2023: $20.8M$20.8M2023+75%2024: $39.5M$39.5M2024+90%2025: $70.7M$70.7M2025+79%
Operating income567892-$14.4M in 2025−75% since 2018
-$60.0M-$40.0M-$20.0M0$20.0M2018: -$58.9M-$58.9M20182019: -$15.4M-$15.4M2019−74%2020: $16.0M$16.0M20202021: -$4.6M-$4.6M20212022: -$12.4M-$12.4M2022+169%2023: -$13.7M-$13.7M2023+11%2024: -$8.0M-$8.0M2024−41%2025: -$14.4M-$14.4M2025+79%
Net income5610892-$16.8M in 2025−72% since 2018
-$75.0M-$50.0M-$25.0M0$25.0M2018: -$60.6M-$60.6M20182019: -$15.0M-$15.0M2019−75%2020: $21.2M$21.2M20202021: $18.7M$18.7M2021−12%2022: -$42.6M-$42.6M20222023: -$15.0M-$15.0M2023−65%2024: -$7.2M-$7.2M2024−52%2025: -$16.8M-$16.8M2025+132%
Fiscal year20182019202020212022202320242025
Revenue$166.6M5$212.4M6$314.8M7$788.0K8$15.0M9$27.1M2$50.7M2$95.6M2
Cost of revenue$59.8M5$63.2M6$89.0M7$130.0K8$3.2M9$6.3M2$11.2M2$24.9M2
Gross profit$106.8M5$149.2M6$225.9M7$658.0K8$11.9M9$20.8M2$39.5M2$70.7M2
Research and development$26.9M5$22.6M6$25.0M7$135.0K8$2.9M9$3.1M2$3.6M2$5.5M2
Operating expenses$5.2M8$24.2M9$34.5M2$47.6M2$85.1M2
Operating income-$58.9M5-$15.4M6$16.0M7-$4.6M8-$12.4M9-$13.7M2-$8.0M2-$14.4M2
Interest$1.4M6$10.0K7
Income before tax-$4.1M8-$12.8M9-$14.9M2-$7.0M2-$15.6M2
Income tax$565.0K5$728.0K6-$629.0K7$100.0K8$60.0K9$118.0K2$276.0K2$1.2M2
Net income-$60.6M5-$15.0M6$21.2M10$18.7M8-$42.6M9-$15.0M2-$7.2M2-$16.8M2
Earnings per share$0.077$0.0611-$0.042-$0.022-$0.052
Earnings per share (diluted)$0.077$0.0611-$0.042-$0.022-$0.052
Shares (weighted, basic)328.5M shares8335.6M shares9341.1M shares2347.1M shares2355.0M shares2
Shares (weighted, diluted)328.5M shares8335.6M shares9341.1M shares2347.1M shares2355.0M shares2

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Leadership

Who has led 51Talk Online Education Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jack Jiajia Huang2026–now
Board members and other officers (3)

Former names

  • China Online Education GroupDec 21, 2015 to Oct 5, 20223

Timeline

  1. Mar 18, 2026New chief executive Jack Jiajia Huang becomes CEO12

Filings

112 filings to the SEC since October 2021: 5 annual reports, 38 insider forms, 23 large holders, 46 other. The latest 20:

  1. Oct 8, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 8, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 8, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Sep 15, 20266-K EDGAR
  5. Aug 21, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 13, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 12, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  10. Jul 30, 20264 PRIMARY DOCUMENT EDGAR
  11. Jul 27, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 23, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 21, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jul 20, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jul 20, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jul 13, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jul 8, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jun 30, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Jun 26, 20264 OWNERSHIP DOCUMENT EDGAR

The 112 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

98 open-market trades by officers, directors and large owners since October 2021: 98 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2026Huang Jack JiajiaChief Executive OfficerBuy35,400$20.83$737.4KForm 4
Aug 12, 2026Huang Jack JiajiaChief Executive OfficerBuy337,500$20.17$6.8MForm 4
Aug 11, 2026Huang Jack JiajiaChief Executive OfficerBuy254,820$19.61$5.0MForm 4
Aug 10, 2026Huang Jack JiajiaChief Executive OfficerBuy199,980$19.72$3.9MForm 4
Aug 7, 2026Huang Jack JiajiaChief Executive OfficerBuy90,480$19.39$1.8MForm 4
Aug 6, 2026Huang Jack JiajiaChief Executive OfficerBuy105,120$19.29$2.0MForm 4
Aug 5, 2026Huang Jack JiajiaChief Executive OfficerBuy158,460$19.20$3.0MForm 4
Aug 4, 2026Huang Jack JiajiaChief Executive OfficerBuy125,880$19.06$2.4MForm 4
Aug 3, 2026Huang Jack JiajiaChief Executive OfficerBuy333,840$18.48$6.2MForm 4
Jul 31, 2026Huang Jack JiajiaChief Executive OfficerBuy122,580$17.54$2.2MForm 4
Jul 30, 2026Huang Jack JiajiaChief Executive OfficerBuy194,460$17.21$3.3MForm 4
Jul 29, 2026Huang Jack JiajiaChief Executive OfficerBuy109,080$16.91$1.8MForm 4
Jul 28, 2026Huang Jack JiajiaChief Executive OfficerBuy169,980$16.88$2.9MForm 4
Jul 27, 2026Huang Jack JiajiaChief Executive OfficerBuy451,320$16.97$7.7MForm 4
Jul 24, 2026Huang Jack JiajiaChief Executive OfficerBuy185,880$16.26$3.0MForm 4
Jul 23, 2026Huang Jack JiajiaChief Executive OfficerBuy421,440$15.76$6.6MForm 4
Jul 22, 2026Huang Jack JiajiaChief Executive OfficerBuy183,720$15.97$2.9MForm 4
Jul 21, 2026Huang Jack JiajiaChief Executive OfficerBuy498,660$16.62$8.3MForm 4
Jul 20, 2026Huang Jack JiajiaChief Executive OfficerBuy112,500$16.68$1.9MForm 4
Jul 17, 2026Huang Jack JiajiaChief Executive OfficerBuy83,460$16.56$1.4MForm 4

All 98 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
HSG Holding Ltd474,901$7.6M0.6%No change
Bank Of America Corp /de/82,198$1.3M0.0%−43,778
Renaissance Technologies LLC41,675$664.7K0.0%−2,600
Jpmorgan Chase & Co37,669$566.9K0.0%+15
Barclays PLC6,308$100.6K0.0%No change
UBS Group AG957$15.3K0.0%−45
Rhumbline Advisers436$7.0K0.0%No change
BlackRock, Inc.81$1.3K0.0%No change
Royal Bank Of Canada93$1.0K0.0%No change
Federation des caisses Desjardins du Quebec50$7980.0%New
Proathlete Wealth Management LLC50$7970.0%No change
Acadian Asset Management LLC49,268$7850.0%−5,853
Morgan Stanley26$4150.0%No change
Bnp Paribas Financial Markets6$960.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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