Cluey Ltd (CLU) AI Stock Analysis

• Market Cap: AU$13.96M
• Dividend Yield: N/A
• Average Volume (3M): 21.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: -14.55%
• EPS Growth: 70.98%
• Country: AU
• Employees: 105
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): >-0.01
• Shares Outstanding: 416,973,500
• 10 Day Avg. Volume: 42,678
• 30 Day Avg. Volume: 21,023
• PEG Ratio: 0.06
• Price to Book (P/B): 5.99
• Price to Sales (P/S): 0.93
• P/FCF Ratio: -7.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: AU$0.03 ▼(-46.67% Downside)
• Action: Upgraded Date: 03/10/26
• Date: Action: Upgraded 03/10/26

The score is primarily constrained by weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow). Technicals also remain bearish with the price below key moving averages and negative MACD, though oversold readings modestly soften the outlook. Valuation provides limited support because negative earnings (negative P/E) reduce the usefulness of traditional valuation measures.

Positive Factors

Low leverage

A low reported debt-to-equity ratio (0.24) gives Cluey durable financial flexibility to fund operations, invest in product or marketing, and withstand revenue volatility without heavy interest burdens. This reduces near-term solvency risk and preserves strategic optionality during a turnaround.

Platform DTC tutoring model

Cluey's digital, direct-to-consumer platform selling subscriptions and lesson bundles is structurally scalable: lessons can be delivered across geographies with limited physical costs, enabling recurring revenue potential and unit-level scaling that supports long-term margin improvement if customer acquisition and retention stabilize.

Slight gross margin improvement

Early improvement in gross margins suggests the business may be gaining operating leverage or tightening variable costs per lesson. If sustained alongside stable or growing volumes, margin gains will compound into improved EBITDA conversion and make the path to structural profitability more achievable over coming quarters.

Negative Factors

Declining revenue

A continuing revenue decline undermines the scalable digital tutoring model because fixed platform and development costs need absorption by higher volumes. Persistent top-line weakness limits margin recovery, lengthens payback on customer acquisition, and raises the bar for achieving sustainable profitability.

Negative operating and free cash flow

Sustained negative operating and free cash flow with a steep FCF contraction (-43.18%) represents ongoing cash burn. That materially constrains reinvestment in product, tutor supply and marketing, increases dependency on external funding, and elevates dilution or refinancing risk over the medium term.

Deeply negative ROE

An ROE of -139.47% coupled with persistent negative net margins signals severe shareholder value erosion. Such structural losses make capital attraction harder, reduce investor confidence for long-term support, and imply the business needs substantive revenue growth or structural cost cuts to restore returns.

Cluey Ltd Business Overview & Revenue Model

Company Description

Cluey Ltd, an education technology company, provides online tutoring, learning support, and co/extracurricular services in Australia. The company offers tutoring services in the areas of English, mathematics, and chemistry for primary, secondary, and senior-level students through its online tutoring platform. Cluey Ltd was incorporated in 2017 and is headquartered in Sydney, Australia.

How the Company Makes Money

Cluey primarily makes money by selling online tutoring to families on a direct-to-consumer basis. Revenue is generated from fees paid for tutoring sessions delivered via its platform, commonly packaged as subscriptions or prepaid lesson bundles (exact packaging and pricing vary and are not specified here). The company’s platform facilitates matched tutoring (student-to-tutor), lesson delivery, and learning materials, enabling it to charge for the tutoring service while bearing costs such as tutor payments, platform operation, and customer acquisition. Additional material revenue streams such as school contracts, government programs, or third-party partnerships are null.

Cluey Ltd Financial Statement Overview

Summary

Financial statements indicate broad weakness: revenue declined (-2.04%), profitability remains deeply negative (net margin -21.62% with negative EBIT/EBITDA margins), and cash flow is pressured with negative operating and free cash flow (FCF growth -43.18%). Low leverage (debt-to-equity 0.24) is a partial positive, but very negative ROE (-139.47%) underscores shareholder value erosion.

Income Statement

Cluey Ltd has been experiencing declining revenue with a negative growth rate of -2.04% in the most recent year. The company has consistently reported negative net profit margins, with the latest at -21.62%, indicating ongoing profitability challenges. Gross profit margins have slightly improved but remain weak. Overall, the income statement reflects significant financial struggles with negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.24, suggesting limited leverage, which is a positive aspect. However, the return on equity is significantly negative at -139.47%, indicating poor returns for shareholders. The equity ratio is not calculated due to missing data, but the overall financial health appears weak due to ongoing losses.

Cash Flow

Cluey Ltd's cash flow statement reveals negative operating cash flow and free cash flow, with a significant decline in free cash flow growth of -43.18%. The operating cash flow to net income ratio is negative, reflecting cash flow challenges. Despite a free cash flow to net income ratio above 1, the overall cash flow situation remains concerning.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	25.22M	25.61M	29.97M	39.36M	34.26M	10.07M
Gross Profit	8.17M	14.63M	17.47M	-1.52M	-3.80M	-2.71M
EBITDA	-4.37M	-4.82M	-8.70M	-15.86M	-19.52M	-11.81M
Net Income	-5.61M	-5.54M	-13.44M	-19.21M	-20.90M	-11.91M
Balance Sheet
Total Assets	12.82M	11.93M	11.05M	26.14M	36.41M	30.52M
Cash, Cash Equivalents and Short-Term Investments	5.97M	4.67M	4.46M	14.70M	23.96M	28.03M
Total Debt	1.39M	941.00K	81.00K	391.00K	673.51K	0.00
Total Liabilities	6.73M	7.96M	6.28M	8.43M	9.72M	4.94M
Stockholders Equity	6.09M	3.97M	4.77M	17.71M	26.69M	25.58M
Cash Flow
Free Cash Flow	-2.78M	-3.17M	-9.88M	-17.90M	-17.57M	-10.93M
Operating Cash Flow	-2.77M	-3.14M	-8.42M	-15.20M	-15.24M	-10.09M
Investing Cash Flow	-792.00K	-674.00K	-1.47M	7.30M	-12.32M	-833.00K
Financing Cash Flow	4.05M	4.04M	-321.00K	8.63M	13.49M	28.25M

Cluey Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CLU, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 21.58 is Positive, neither overbought nor oversold. The STOCH value of -55.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CLU.

Cluey Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EDU	73 Outperform	AU$79.34M	8.09	71.63%	1.17%	120.57%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
3PL	52 Neutral	AU$81.87M	119.49	0.87%	―	-1.08%	―
KME	48 Neutral	AU$29.24M	4.70	-22.15%	1.67%	-2.81%	-503.02%
NXD	45 Neutral	AU$38.01M	-25.24	-34.51%	―	-13.91%	53.37%
AKG	45 Neutral	AU$13.92M	-4.84	-6.74%	―	1.42%	86.97%
CLU	41 Neutral	AU$13.96M	-2.37	-111.42%	―	-14.55%	70.98%

Cluey Ltd Corporate Events

Cluey Reshapes Leadership Team While Reaffirming Strategy

Cluey Ltd has announced a series of board and executive changes, with long‑serving non‑executive director Ian Young AO retiring at the end of March 2026 after guiding the company through its IPO and subsequent growth. The board has expressed gratitude for his contribution and will lodge the required director interest notice following his departure in line with ASX requirements.

On the executive side, Joint CEO Trevor McDougall will step down and leave the company at the end of May 2026 after a transition period, leaving fellow Joint CEO Matteo Trinca to become sole CEO from June without any change to his contract terms. Deputy Chairman Mark Rohald will move into a full‑time operational role as Director of Education & Quality from March with increased base pay, and the board has indicated it does not expect these leadership changes to alter Cluey’s operations or strategic direction.

The most recent analyst rating on (AU:CLU) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cluey Ltd stock, see the AU:CLU Stock Forecast page.

Cluey Tightens Cash Outflows, Raises Capital and Advances AI Strategy in Soft Q2

Cluey Ltd reported its Q2 FY26 results for the quarter ended 31 December 2025, a seasonally softer period at the end of the academic year, highlighting a strong 59.0% group gross profit margin and continued investment in AI-driven Cluey+ products ahead of their planned February 2026 launch. The company signed a binding agreement to acquire Education Futures Group, owner of the Art of Smart group, completed a fully underwritten entitlement offer raising $4.5 million gross, and improved operating cash outflow by 13% to -$2.2 million versus the prior corresponding period, though it still posted an underlying EBITDA loss of $1.003 million amid lower enrolments and higher marketing spend in preparation for the new school year.

The most recent analyst rating on (AU:CLU) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Cluey Ltd stock, see the AU:CLU Stock Forecast page.

Cluey Ltd Announces Lapse of 795,000 Conditional Options

Cluey Ltd has reported a change in its issued capital structure, notifying the cessation of a class of options listed on the ASX. The company confirmed that 795,000 CLUAP options, which were due to expire on 30 November 2028 with an exercise price of $0.15, have lapsed as the conditions attached to these securities were not met or have become incapable of being satisfied as of 31 December 2025, signalling a reduction in potential future equity dilution for existing shareholders.

The most recent analyst rating on (AU:CLU) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Cluey Ltd stock, see the AU:CLU Stock Forecast page.