Core Insights - 51Talk reported a significant increase in revenue and cash income for Q1 2025, with total revenue reaching $18.2 million, a year-on-year growth of 93.1% [1] - The company experienced a net cash income of $21.9 million, reflecting a 74.6% increase compared to the previous year [1] - Despite the growth, 51Talk reported a net loss attributable to common shareholders of $1.5 million, although this loss has narrowed significantly [2] Financial Performance - The gross profit for Q1 2025 was $14 million, marking a 91.8% year-on-year increase, with a gross margin of 77.0% [1] - The number of active students increased to 81,100, representing a growth of 75.5% year-on-year [1] - Total billings, which include sales of course packages and services after refunds, amounted to $21.9 million, up 4.6% from the previous year [1] Operational Challenges - Sales and marketing expenses rose to $11.1 million, a 42.7% increase year-on-year, attributed to the hiring of more sales and marketing personnel and increased marketing activities [1] - The company faces challenges related to customer complaints, ranking sixth in the top nine complaints in the digital education sector according to a report [2] - Balancing business expansion with service quality is identified as a critical factor for the company's sustainable development in the future [3]