51Talk Online Education Group announced unaudited financial results for the fourth quarter and full year ended December 31, 2025. The company reported significant year-over-year growth in gross billings, net revenues, and active students, while also disclosing an increased net loss for both periods.
Key takeaways
Full year 2025 gross billings were $127.6 million, an 83.4% increase from 2024.
Full year 2025 net revenues were $95.6 million, an 88.6% increase from 2024.
Full year 2025 net loss was $16.8 million, compared to a net loss of $7.2 million in 2024.
Fourth quarter 2025 net revenues were $30.6 million, an 88.6% increase from the same quarter last year.
Fourth quarter 2025 net loss was $6.5 million, compared to a net loss of $1.4 million in the same quarter last year.
The company expects first quarter 2026 net gross billings to be between $29.0 million and $31.0 million.