51Talk (ADR) (COE)
Live English courses for children through Air Class and independent tutors.
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Sells prepaid live English courses, delivered through Air Class by independent tutors, to learners outside mainland China. Revenue is recognized as classes are delivered or credits expire, while the listed Cayman holding company operates through international subsidiaries.
Delivers live, individual English lessons for children and post-secondary learners outside mainland China through the 51Talk platform. Its Classic English Junior and Classic English curricula pair proprietary courseware with a large pool of mostly Filipino independent tutors, delivered in the Air Class web and mobile classroom. The All-round Mandarin Chinese Course extends the offering to children in Hong Kong.
Generates revenue by selling prepaid course credits directly to students and recognizing it as classes are delivered or credits expire. Operations span Asia-Pacific and primarily EMEA markets, using locally adapted curriculum, payments, marketing, and student support. Lesson capacity and cost depend on recruiting, training, and retaining independent tutors; prepaid tuition creates refund and unfulfilled-lesson obligations; the Cayman parent relies on distributions and other funding from subsidiaries across multiple jurisdictions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $40.1M · Total debt $2.5M · Total assets $69.6M · Shareholders' equity −$36.9M
- Revenue
- $32.4M
- Operating income
- −$2.1M
- Net income
- −$3.1M
No dividends on record.
| Insiders | 88.11% | 5.20M ADS | |
|---|---|---|---|
| 1 holder · as of Aug 21, 2026 | |||
| Other | 11.89% | 702.0K ADS | |
| remainder | |||
5.90M ADS (1 ADS = 15 ordinary shares) as of Aug 22, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 4 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jack Jiajia HuangInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 88.11% | 78.00M A ordinary | filed Aug 21, 2026 |
HSG Venture V Holdco I, Ltd. ("HSG V HOLDCO I")Strategic | —11.50% of class, as filed | — | filed Dec 5, 2025 |
Shunwei China Internet Fund, L.P.Institution | —2.00% of class, as filed | — | filed Feb 14, 2022 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Jack Jiajia Huang | director, 10 percent owner, officer: Chief Executive Officer | +35,400 | $20.83 |
| Apr 10, 2026 | Jack Jiajia Huang | director, 10 percent owner, officer: Chief Executive Officer | +151,620 | $21.07 |
| Aug 12, 2026 | Jack Jiajia Huang | director, 10 percent owner, officer: Chief Executive Officer | +337,500 | $20.17 |
| Aug 11, 2026 | Jack Jiajia Huang | director, 10 percent owner, officer: Chief Executive Officer | +254,820 | $19.61 |
| Aug 10, 2026 | Jack Jiajia Huang | director, 10 percent owner, officer: Chief Executive Officer | +199,980 | $19.72 |
- Duolingo
Global mobile and AI conversation substitute at vastly greater scale.
- Pearson (ADR)
Global English app and children’s language-learning substitute.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| 51Talk (ADR) | $11.60 | −0.43% | $68.8M | — | — | 0.6 | +56.9% |
| Duolingo | $145.47 | −2.64% | $6.96B | 17.9 | 54.1 | 6.1 | +18.3% |
| Pearson (ADR) | $16.02 | +0.72% | $9.55B | 23.8 | — | 2.0 | +4.8% |
| Median | 20.9 | 54.1 | 4.0 | +11.6% |