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OpenLearning Ltd.
(Sydney:OLL)
OpenLearning Ltd. (OLL) vs. iShares MSCI Australia ETF (EWA)
OpenLearning Ltd. Business Overview & Revenue Model
OpenLearning Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.61M | 2.28M | 2.29M | 3.17M | 3.51M | 1.89M |
| Gross Profit | -850.25K | -721.88K | -2.11M | -3.44M | -4.48M | -3.66M |
| EBITDA | -2.61M | -2.25M | -3.97M | -5.27M | -6.43M | -5.35M |
| Net Income | -3.24M | -2.85M | -4.42M | -5.65M | -6.73M | -5.62M |
Balance Sheet | ||||||
| Total Assets | 2.70M | 3.39M | 3.34M | 4.58M | 6.52M | 10.12M |
| Cash, Cash Equivalents and Short-Term Investments | 131.97K | 953.16K | 1.10M | 2.20M | 4.59M | 8.60M |
| Total Debt | 2.30M | 2.06M | 3.05M | 0.00 | 125.00K | 321.76K |
| Total Liabilities | 5.43M | 4.13M | 5.35M | 2.16M | 2.40M | 2.15M |
| Stockholders Equity | -2.72M | -741.39K | -2.01M | 2.42M | 4.13M | 7.97M |
Cash Flow | ||||||
| Free Cash Flow | -1.97M | -2.16M | -4.10M | -6.15M | -6.75M | -5.15M |
| Operating Cash Flow | -1.96M | -2.15M | -3.32M | -5.41M | -6.01M | -4.99M |
| Investing Cash Flow | -370.45K | -956.13K | -778.42K | -738.93K | -738.27K | -157.91K |
| Financing Cash Flow | 1.99M | 2.95M | 3.00M | 3.76M | 2.73M | 6.03M |
OpenLearning Ltd. Technical Analysis
OpenLearning Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | AU$7.20M | -1.34 | -122.65% | ― | ― | 28.93% | |
46 Neutral | AU$28.15M | -5.37 | ― | ― | 12.77% | 53.47% | |
42 Neutral | AU$1.99M | -5.25 | -29.77% | ― | 36.72% | 20.00% | |
37 Underperform | AU$914.19K | -0.17 | ― | ― | ― | ― |
OpenLearning Ltd. Corporate Events
OpenLearning Limited has disclosed a substantial increase in the indirect shareholding of director Rupesh Singh following a series of transactions completed on 22 December 2025. Through ECA Investments Group Pty Ltd as trustee for the ECA Investments Group Trust, Singh’s indirect interest rose by 234,275,859 fully paid ordinary shares via two debt-to-equity conversions and a placement, lifting ECA’s holding to 450,172,429 shares, while his other indirect holdings through ECA and Aria Assets Superfund Pty Ltd remain unchanged. The transactions, executed at issue prices between $0.0174 and $0.022 per share, signal a significant strengthening of Singh’s financial alignment with OpenLearning and reflect the company’s use of equity to restructure debt and raise capital, with potential implications for its capital structure and governance profile.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Limited has issued 234,275,859 fully paid ordinary shares via a private placement and debt-to-equity conversion, following shareholder approval at a recent general meeting. The company has confirmed that the shares were issued without a prospectus under relevant Corporations Act provisions and that it remains compliant with continuous disclosure and financial reporting obligations, signalling a significant balance sheet restructuring that may strengthen its capital position while maintaining regulatory transparency for investors.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd has applied to the ASX for quotation of new ordinary fully paid shares under code OLL, adding 55,514,367 securities to its listed capital as of 22 December 2025. The issuance, which follows a previously announced transaction, expands the company’s listed share base and may affect ownership structure and trading liquidity for existing and new shareholders once the additional securities commence quotation.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd has applied for the quotation of 121,943,311 new fully paid ordinary shares on the ASX under the code OLL, with an issue date of 22 December 2025. The move formalises the listing of securities previously flagged to the market and will significantly increase the number of quoted shares on issue, potentially enhancing liquidity for investors and supporting the company’s capacity to execute its previously announced transactions.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd has applied to the ASX for quotation of 56,818,181 new fully paid ordinary shares under its existing issuer code OLL. The new securities, issued on 22 December 2025, stem from a previously announced transaction and will expand the company’s quoted share capital, potentially affecting existing shareholders through dilution while providing the company with additional capital or strategic flexibility depending on the terms of the earlier transaction.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd has clarified that a previously announced proposed issue of debt conversion shares was mistakenly duplicated. The company has now cancelled the redundant Appendix 3B filing, confirming that the valid details of the debt conversion share issue remain as per the announcement lodged on 9 September 2025, thereby preventing confusion for investors and ensuring accuracy in its ASX disclosures.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd. has announced a proposed issuance of 121,943,311 ordinary fully paid securities, scheduled for December 19, 2025. This move is part of a placement or other type of issue, aiming to strengthen the company’s financial position and potentially expand its market reach. The issuance is subject to ASX approval and aligns with the company’s strategic objectives to enhance its operational capabilities and industry standing.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd. announced a change in the director’s interest, with Rupesh Singh acquiring an additional 22,727 fully paid ordinary shares through an on-market purchase. This transaction reflects a minor adjustment in the director’s holdings, indicating a continued commitment to the company’s growth and stability.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Limited announced that all resolutions presented at its General Meeting were passed by a poll, as required by corporate regulations. This outcome reinforces the company’s strategic direction and supports its ongoing expansion in the global education technology market, potentially benefiting stakeholders by ensuring continued growth and innovation.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Limited has reported a 27% year-on-year growth in its SaaS annual recurring revenue (ARR), reaching $2.83 million by the end of Q3 2025. The company has also expanded its B2B SaaS customer base to 256, with an average revenue per customer exceeding $11,000, marking a 17% increase from the previous year. This growth underscores the company’s strong market positioning and potential for further expansion in the SaaS industry.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd. has announced a change in the director’s interest, with Director Rupesh Singh acquiring an additional 11,904 fully paid ordinary shares through an on-market purchase. This change reflects a minor adjustment in the director’s indirect holdings via the Aria Assets Superfund Pty Ltd, indicating a continued confidence in the company’s growth and market position.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Limited has announced the issuance of 3,559,000 fully paid ordinary shares following a private placement, as detailed in their recent ASX release. This move is part of the company’s compliance with the Corporations Act, and it reflects OpenLearning’s ongoing efforts to strengthen its financial position and expand its market reach. The issuance of shares without disclosure underlines the company’s confidence in its strategic direction and potential for growth, which could have significant implications for its stakeholders and market positioning.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd. announced the quotation of 3,559,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective November 28, 2025. This move is part of previously announced transactions and is expected to impact the company’s market presence by potentially increasing its liquidity and investor base.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Ltd. has announced a proposed issuance of 3,559,000 ordinary fully paid securities, set to take place on December 1, 2025. This move is part of a placement or other type of issue, and the company has submitted the necessary information to the Australian Securities Exchange (ASX) for approval and quotation. The issuance is expected to impact the company’s market operations by potentially increasing its capital and market presence.
The most recent analyst rating on (AU:OLL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on OpenLearning Ltd. stock, see the AU:OLL Stock Forecast page.
OpenLearning Limited has entered into a three-year SaaS agreement with Field Ready, a leading education-to-employment provider in Africa, to deliver its programs via OpenLearning’s AI-powered LMS. This partnership, which includes a referral agreement to introduce the LMS to African universities, marks a strategic expansion into the African market without local hiring. The collaboration is expected to enhance OpenLearning’s global reach and create additional revenue streams for both parties, while positioning Field Ready as a regional hub within OpenLearning’s ecosystem.
OpenLearning Limited has announced a General Meeting scheduled for December 15, 2025, providing necessary documents such as the Notice of Meeting, Letter of Access, and Proxy Form. This meeting is part of the company’s ongoing efforts to engage with shareholders and maintain transparency in its operations, reflecting its commitment to stakeholder communication and corporate governance.
OpenLearning Limited has entered into a five-year SaaS agreement with Universitas Muhammadiyah Purwokerto (UMP) in Central Java, Indonesia, valued at approximately A$175,000. This partnership, which involves providing OpenLearning’s AI-powered LMS to around 19,000 students annually, strengthens the company’s position in Southeast Asia and marks its largest contract in Indonesia to date. The deal highlights the growing demand for AI-driven educational platforms in the region and is expected to serve as a model for other universities within the Muhammadiyah network.
OpenLearning Ltd. reported a 27% year-over-year growth in its SaaS platform’s annual recurring revenue, reaching $2.83 million by the end of Q3 2025. The company has achieved over 15 consecutive quarters of SaaS revenue growth, with significant contract wins in the Philippines contributing to this success. The average customer value has increased to over $11,000, driven by larger contract wins and a strategic shift away from smaller plans to focus on larger customers, resulting in some churn at the lower end.
OpenLearning Limited reported a robust quarter with a 27% year-on-year increase in annual recurring revenue (ARR) for its SaaS platform, reaching $2.832 million. The company has achieved significant contract wins across Australia and the Philippines, contributing to a 231% rise in SaaS cash receipts. OpenLearning’s strategic focus on larger, high-value contracts and the integration of AI tools has strengthened its market position, with the company targeting cash flow breakeven within 18 months.
OpenLearning Limited has announced the issuance of 61,363,632 fully paid ordinary shares following a placement, as detailed in their recent ASX release. This move aligns with the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic effort to bolster its financial standing and operational capacity. The issuance of shares without disclosure under Part 6D.2 of the Corporations Act suggests confidence in its governance and transparency, potentially impacting its market positioning and stakeholder relations positively.
OpenLearning Ltd. announced the quotation of 61,363,632 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code OLL. This move is part of a previously announced transaction and is expected to enhance the company’s financial flexibility, potentially impacting its market positioning and providing new opportunities for stakeholders.
OpenLearning Ltd. has announced a proposed issue of securities, specifically 61,363,632 ordinary fully paid shares, with the issuance date set for October 14, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s market positioning by increasing its capital base and providing more resources for operational expansion or strategic initiatives.
OpenLearning Limited has raised $2.6 million through a successful equity placement to institutional and professional investors, aimed at accelerating its global growth and product expansion. The funds will support the company’s entry into new markets like the Philippines and Brazil, advance product development, and strengthen its balance sheet. OpenLearning’s strategic initiatives include securing multi-year SaaS contracts with major educational institutions, positioning itself as a leader in AI-powered LMS solutions in emerging markets. The company is targeting cash flow breakeven within 18 months, with significant traction in the Philippines and new partnerships in Brazil and India.
OpenLearning Limited has requested a trading halt on its securities on the Australian Securities Exchange pending an announcement regarding a proposed capital raising. This move is intended to help the company manage its continuous disclosure obligations. The trading halt will remain in effect until the announcement is made or normal trading resumes on October 8, 2025. The halt reflects OpenLearning’s strategic efforts to strengthen its financial position, potentially impacting its market operations and stakeholder interests.
OpenLearning Limited has signed a significant SaaS agreement with the University of the Philippines Manila, marking its first partnership with a public university in the Philippines. This strategic entry into the country’s extensive public higher education market represents a substantial opportunity for OpenLearning, as the demand for digital learning platforms grows. The agreement covers a minimum of 10,000 students for an initial term of one year, with the potential for annual renewal up to five years, highlighting the company’s expansion into a strategically important market.
OpenLearning Limited has entered a 3-year reseller agreement with CE Logic Ltd, a division of C&E Publishing, to expand its LMS adoption in the Philippines. This strategic partnership leverages CE Logic’s extensive reach and expertise in the education sector, although it is not financially material at this time, it is seen as strategically significant for OpenLearning’s growth in the region.
OpenLearning Limited announced a change in the indirect interests held by Non-Executive Director Rupesh Singh due to an on-market purchase of shares. The company identified an administrative oversight in notifying the market within the required timeframe and has taken steps to ensure compliance with Listing Rule 3.19A. Directors will be re-briefed on their obligations regarding securities dealings and continuous disclosure obligations.