51Talk Online Education Group
Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $38.9M | $27.8M | $21.3M | $18.2M | $24.6M | $51.3M | $52.6M | $60.1M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | $169.0K | $297.0K | $44.0K | — |
| Total Current Assets | $60.4M | $40.1M | $29.8M | $26.6M | $151.2M | $247.9M | $171.0M | $138.8M |
| Property, Plant & Equipment | $2.0M | $363.0K | $138.0K | $25.0K | $148.0K | $3.2M | $2.9M | $5.1M |
| Goodwill | — | — | — | — | — | $647.0K | $607.0K | $614.0K |
| Intangible Assets (Excl. Goodwill) | $68.0K | $80.0K | $92.0K | $104.0K | $116.0K | $3.1M | $1.4M | $1.7M |
| Total Assets | $66.1M | $43.9M | $31.2M | $27.6M | $187.1M | $338.6M | $201.4M | $146.9M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | $95.4M | $56.9M | $39.1M | $20.5M | $297.0M | $462.5M | $347.4M | $274.3M |
| Long-Term Debt | — | — | — | — | — | — | — | $10.0M |
| Total Liabilities | $97.3M | $58.7M | $39.3M | $21.1M | $300.5M | $471.5M | $351.7M | $286.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-370.4M | $-353.6M | $-346.4M | $-331.2M | $-288.6M | $-314.5M | $-315.9M | $-304.6M |
| Total Stockholders' Equity | $-31.4M | $-15.0M | $-8.3M | $6.6M | $-113.4M | $-132.9M | $-150.0M | $-140.0M |