51Talk Financials

COE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows 51Talk (COE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 41/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

51Talk has an operating margin of -15.9%, meaning the company retains $-16 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -50.4% the prior year.

Growth

100

51Talk's revenue surged 87.0% year-over-year to $50.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Liquidity

51Talk's current ratio of 0.70 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.

Cash Flow

51Talk has a free cash flow margin of 10.9%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

5/9

51Talk passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.81x

For every $1 of reported earnings, 51Talk generates $-0.81 in operating cash flow ($5.8M OCF vs -$7.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$50.7M

YoY+87.0%

5Y CAGR-24.9%

51Talk generated $50.7M in revenue in fiscal year 2024. This represents an increase of 87.0% from the prior year.

EBITDA

-$7.9M

YoY+41.7%

51Talk's EBITDA was -$7.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.7% from the prior year.

Free Cash Flow

$5.5M

YoY+1930.9%

5Y CAGR-37.0%

51Talk generated $5.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1930.9% from the prior year.

Net Income

-$7.2M

YoY+51.9%

51Talk reported -$7.2M in net income in fiscal year 2024. This represents an increase of 51.9% from the prior year.

EPS (Diluted)

$-0.02

YoY+50.0%

51Talk earned $-0.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 50.0% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

351M

YoY+2.2%

5Y CAGR+2.4%

51Talk had 351M shares outstanding in fiscal year 2024. This represents an increase of 2.2% from the prior year.

Gross Margin

78.0%

YoY+1.3pp

5Y CAGR+7.7pp

51Talk's gross margin was 78.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.

Operating Margin

-15.9%

YoY+34.5pp

5Y CAGR-8.6pp

51Talk's operating margin was -15.9% in fiscal year 2024, reflecting core business profitability. This is up 34.5 percentage points from the prior year.

Net Margin

-14.3%

YoY+41.2pp

5Y CAGR-7.2pp

51Talk's net profit margin was -14.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 41.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$3.6M

YoY+15.6%

5Y CAGR-30.9%

51Talk invested $3.6M in research and development in fiscal year 2024. This represents an increase of 15.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$308K

YoY+7.3%

5Y CAGR-25.9%

51Talk invested $308K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 7.3% from the prior year.

COE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$50.7M+87.0%	$27.1M+80.2%	$15.0M+1809.6%	$788K-99.7%	$314.8M+48.2%	$212.4M
Cost of Revenue	$11.2M+76.6%	$6.3M+97.9%	$3.2M+2356.9%	$130K-99.9%	$89.0M+40.8%	$63.2M
Gross Profit	$39.5M+90.1%	$20.8M+75.4%	$11.9M+1701.5%	$658K-99.7%	$225.9M+51.4%	$149.2M
R&D Expenses	$3.6M+15.6%	$3.1M+7.8%	$2.9M+2022.2%	$135K-99.5%	$25.0M+10.3%	$22.6M
SG&A Expenses	$10.6M+37.4%	$7.7M-4.2%	$8.1M+378.8%	$1.7M-94.9%	$32.8M+16.6%	$28.2M
Operating Income	-$8.0M+41.1%	-$13.7M-10.6%	-$12.4M-169.1%	-$4.6M-128.7%	$16.0M+203.6%	-$15.4M
Interest Expense	N/A	N/A	N/A	$630K+6200.0%	$10K-99.3%	$1.4M
Income Tax	$276K+133.9%	$118K+96.7%	$60K-40.0%	$100K+115.9%	-$629K-186.4%	$728K
Net Income	-$7.2M+51.9%	-$15.0M+64.7%	-$42.6M-327.1%	$18.7M-11.8%	$21.2M+241.6%	-$15.0M
EPS (Diluted)	$-0.02+50.0%	$-0.040.0%	$-0.04-166.7%	$0.06-14.3%	$0.07	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

COE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$43.9M+41.0%	$31.2M+12.7%	$27.6M-85.2%	$187.1M-44.8%	$338.6M+68.2%	$201.4M
Current Assets	$40.1M+34.6%	$29.8M+12.1%	$26.6M-82.4%	$151.2M-39.0%	$247.9M+45.0%	$171.0M
Cash & Equivalents	N/A	$21.3M+17.1%	$18.2M-26.1%	$24.6M-52.0%	$51.3M-2.5%	$52.6M
Inventory	N/A	N/A	N/A	$169K-43.1%	$297K+575.0%	$44K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	$647K+6.6%	$607K
Total Liabilities	$58.7M+49.1%	$39.3M+86.9%	$21.1M-93.0%	$300.5M-36.3%	$471.5M+34.1%	$351.7M
Current Liabilities	$56.9M+45.4%	$39.1M+90.8%	$20.5M-93.1%	$297.0M-35.8%	$462.5M+33.1%	$347.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$15.0M-79.9%	-$8.3M-226.8%	$6.6M+105.8%	-$113.4M+14.6%	-$132.9M+11.4%	-$150.0M
Retained Earnings	-$353.6M-2.1%	-$346.4M-4.6%	-$331.2M-14.7%	-$288.6M+8.2%	-$314.5M+0.4%	-$315.9M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$43.9M+41.0%	$31.2M+12.7%	$27.6M-85.2%	$187.1M-44.8%	$338.6M+68.2%	$201.4M+37.0%	$146.9M+22.0%	$120.4M
Current Assets	$40.1M+34.6%	$29.8M+12.1%	$26.6M-82.4%	$151.2M-39.0%	$247.9M+45.0%	$171.0M+23.2%	$138.8M+27.5%	$108.9M
Cash & Equivalents	N/A	$21.3M+17.1%	$18.2M-26.1%	$24.6M-52.0%	$51.3M-2.5%	$52.6M-12.5%	$60.1M+22.2%	$49.2M
Inventory	N/A	N/A	N/A	$169K-43.1%	$297K+575.0%	$44K	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	$647K+6.6%	$607K-1.1%	$614K-5.4%	$649K
Total Liabilities	$58.7M+49.1%	$39.3M+86.9%	$21.1M-93.0%	$300.5M-36.3%	$471.5M+34.1%	$351.7M+22.6%	$286.9M+28.6%	$223.2M
Current Liabilities	$56.9M+45.4%	$39.1M+90.8%	$20.5M-93.1%	$297.0M-35.8%	$462.5M+33.1%	$347.4M+26.7%	$274.3M+25.3%	$218.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$10.0M	N/A
Total Equity	-$15.0M-79.9%	-$8.3M-226.8%	$6.6M+105.8%	-$113.4M+14.6%	-$132.9M+11.4%	-$150.0M-7.2%	-$140.0M-36.3%	-$102.7M
Retained Earnings	-$353.6M-2.1%	-$346.4M-4.6%	-$331.2M-14.7%	-$288.6M+8.2%	-$314.5M+0.4%	-$315.9M-3.7%	-$304.6M-13.0%	-$269.6M

COE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$5.8M+943.3%	$559K+101.2%	-$45.7M+56.5%	-$105.0M-200.8%	$104.2M+82.3%	$57.2M
Capital Expenditures	$308K+7.3%	$287K+5640.0%	$5K-99.9%	$3.8M+12.9%	$3.4M+143.8%	$1.4M
Free Cash Flow	$5.5M+1930.9%	$272K+100.6%	-$45.7M+58.0%	-$108.8M-207.9%	$100.8M+80.8%	$55.8M
Investing Cash Flow	$468K-80.9%	$2.4M-2.4%	$2.5M-97.4%	$98.3M+192.8%	-$106.0M-78.7%	-$59.3M
Financing Cash Flow	$240K	N/A	$20.5M+971.3%	-$2.4M-282.5%	$1.3M+116.4%	-$7.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$3.2M-9.9%	$3.5M+310.5%	$863K

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

COE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	78.0%+1.3pp	76.7%-2.1pp	78.8%-4.7pp	83.5%+11.8pp	71.7%+1.5pp	70.3%
Operating Margin	-15.9%+34.5pp	-50.4%+31.7pp	-82.1%+500.6pp	-582.7%-587.8pp	5.1%+12.3pp	-7.3%
Net Margin	-14.3%+41.2pp	-55.5%+227.3pp	-282.8%-2660.7pp	2377.9%+2371.2pp	6.8%+13.8pp	-7.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-16.5%+31.8pp	-48.3%+105.8pp	-154.0%-164.0pp	10.0%+3.7pp	6.3%+13.7pp	-7.4%
Current Ratio	0.70-0.1	0.76-0.5	1.30+0.8	0.51-0.0	0.54+0.0	0.49
Debt-to-Equity	-3.91+0.8	-4.72-7.9	3.20+5.9	-2.65+0.9	-3.55-1.2	-2.34
FCF Margin	10.9%+9.9pp	1.0%+304.7pp	-303.7%+13506.8pp	-13810.5%-13842.6pp	32.0%+5.8pp	26.3%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.70-0.1	0.76-0.5	1.30+0.8	0.51-0.0	0.54+0.0	0.49-0.0	0.510.0	0.50
Debt-to-Equity	-3.91+0.8	-4.72-7.9	3.20+5.9	-2.65+0.9	-3.55-1.2	-2.34-2.3	-0.07+2.1	-2.17
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$15.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is 51Talk's annual revenue?

51Talk (COE) reported $50.7M in total revenue for fiscal year 2024. This represents a 87.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is 51Talk's revenue growing?

51Talk (COE) revenue grew by 87% year-over-year, from $27.1M to $50.7M in fiscal year 2024.

Is 51Talk profitable?

No, 51Talk (COE) reported a net income of -$7.2M in fiscal year 2024, with a net profit margin of -14.3%.

What is 51Talk's earnings per share (EPS)?

51Talk (COE) reported diluted earnings per share of $-0.02 for fiscal year 2024. This represents a 50.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is 51Talk's EBITDA?

51Talk (COE) had EBITDA of -$7.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is 51Talk's gross margin?

51Talk (COE) had a gross margin of 78.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is 51Talk's operating margin?

51Talk (COE) had an operating margin of -15.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is 51Talk's net profit margin?

51Talk (COE) had a net profit margin of -14.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is 51Talk's free cash flow?

51Talk (COE) generated $5.5M in free cash flow during fiscal year 2024. This represents a 1930.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is 51Talk's operating cash flow?

51Talk (COE) generated $5.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are 51Talk's total assets?

51Talk (COE) had $43.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are 51Talk's capital expenditures?

51Talk (COE) invested $308K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does 51Talk spend on research and development?

51Talk (COE) invested $3.6M in research and development during fiscal year 2024.

How many shares does 51Talk have outstanding?

51Talk (COE) had 351M shares outstanding as of fiscal year 2024.

What is 51Talk's current ratio?

51Talk (COE) had a current ratio of 0.70 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is 51Talk's debt-to-equity ratio?

51Talk (COE) had a debt-to-equity ratio of -3.91 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is 51Talk's return on assets (ROA)?

51Talk (COE) had a return on assets of -16.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is 51Talk's debt-to-equity ratio negative or unusual?

51Talk (COE) has negative shareholder equity of -$15.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is 51Talk's Piotroski F-Score?

51Talk (COE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are 51Talk's earnings high quality?

51Talk (COE) has an earnings quality ratio of -0.81x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is 51Talk?

51Talk (COE) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.