51Talk(US:COE) Prnewswire·2025-12-08 11:30Core Insights - 51Talk Online Education Group reported strong financial performance in Q3 2025, with gross billings reaching US$40.5 million, a year-over-year increase of 104.6% [5][8] - The company achieved net revenues of US$26.3 million, representing an 87.5% increase from the same quarter in the previous year [9][8] - The active student base grew to approximately 112,600, marking a 71.4% increase year-over-year [6][9] Financial Performance - Gross billings for Q3 2025 were US$40.5 million, up from US$19.8 million in Q3 2024, reflecting a growth of 104.6% [8][10] - Net revenues increased to US$26.3 million from US$14.0 million, an increase of 87.5% [9][8] - Gross margin decreased to 73.3% from 78.7% year-over-year [11] Operating Metrics - The number of active students with attended lesson consumption reached 112,600, up from 65,700, a growth of 71.4% [9][8] - Operating cash inflow for Q3 2025 was US$6.6 million [8] Expenses and Losses - Total operating expenses rose to US$23.4 million, a 97.9% increase from US$11.8 million in Q3 2024 [12] - Sales and marketing expenses were US$17.5 million, reflecting a 114.7% increase from US$8.2 million [13] - Operating loss for Q3 2025 was US$4.2 million, compared to a loss of US$0.8 million in the same quarter last year [16] Balance Sheet - As of September 30, 2025, total cash and cash equivalents were US$36.6 million, up from US$29.2 million at the end of 2024 [21] - Advances from students increased to US$70.7 million from US$45.1 million [21] Outlook - For Q4 2025, the company expects net gross billings to be between US$35.0 million and US$38.0 million, indicating a sequential decrease but a year-over-year increase of approximately 63.7% to 77.7% [23]