OpenLearning Ltd. (AU:OLL)
ASX:OLL
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OpenLearning Ltd.
(Sydney:OLL)
Select Model
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Rating:41Neutral
Price Target:
AU$0.02
▼(-40.00% Downside)
Action:ReiteratedDate:03/01/26
The score is weighed down primarily by very weak financial performance (negative gross profit, deep operating losses, and ongoing cash burn), with technicals also showing a soft trend (below key moving averages and negative MACD). Valuation provides limited support because the P/E is negative and no dividend yield is available.
Positive Factors
Revenue rebound
A 22.1% revenue rebound in 2025 indicates recovering demand and traction for the platform. Sustained top-line growth improves scale economics potential, supports investment in product and sales, and provides a foundation for eventual margin recovery if unit economics are fixed.
Negative Factors
Negative gross margins
Persistently negative gross margins indicate the company is not covering direct costs of delivering its services. This broken unit economics mean revenue growth alone cannot deliver profitability; material pricing changes, cost reductions, or product redesign are required for sustainable margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A 22.1% revenue rebound in 2025 indicates recovering demand and traction for the platform. Sustained top-line growth improves scale economics potential, supports investment in product and sales, and provides a foundation for eventual margin recovery if unit economics are fixed.
Read all positive factors
OpenLearning Ltd. (OLL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.33M
Dividend YieldN/A
Average Volume (3M)2.43M
Price to Earnings (P/E)―
Beta (1Y)-0.36
Revenue Growth12.77%
EPS Growth53.47%
CountryAU
Employees45
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding782,006,500
10 Day Avg. Volume755,103
30 Day Avg. Volume2,425,207
Financial Highlights & Ratios
PEG Ratio0.56
Price to Book (P/B)28.38
Price to Sales (P/S)9.58
P/FCF Ratio-12.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
OpenLearning Ltd. Business Overview & Revenue Model
Company Description
OpenLearning Limited, an education technology company, provides a learning platform and learning design services to education providers in Australia, Malaysia, and Singapore. The company offers cloud-hosted social learning platform for delivering ...
How the Company Makes Money
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OpenLearning Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.18M | 2.28M | 2.29M | 3.17M | 3.51M |
| Gross Profit | -1.81M | -721.88K | -2.11M | -3.44M | -4.48M |
| EBITDA | -3.41M | -2.25M | -3.97M | -5.27M | -6.43M |
| Net Income | -4.10M | -2.85M | -4.42M | -5.65M | -6.73M |
Balance Sheet | |||||
| Total Assets | 4.53M | 3.39M | 3.34M | 4.58M | 6.52M |
| Cash, Cash Equivalents and Short-Term Investments | 2.09M | 953.16K | 1.10M | 2.20M | 4.59M |
| Total Debt | 0.00 | 2.06M | 3.05M | 0.00 | 125.00K |
| Total Liabilities | 3.46M | 4.13M | 5.35M | 2.16M | 2.40M |
| Stockholders Equity | 1.07M | -741.39K | -2.01M | 2.42M | 4.13M |
Cash Flow | |||||
| Free Cash Flow | -2.52M | -2.16M | -4.10M | -6.15M | -6.75M |
| Operating Cash Flow | -2.52M | -2.15M | -3.32M | -5.41M | -6.01M |
| Investing Cash Flow | -2.75K | -956.13K | -778.42K | -738.93K | -738.27K |
| Financing Cash Flow | 3.66M | 2.95M | 3.00M | 3.76M | 2.73M |
OpenLearning Ltd. Technical Analysis
Neutral
0.04
Price Trends
0.03
Negative
0.04
Negative
0.03
Positive
Market Momentum
>-0.01
Negative
48.80
Neutral
123.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OLL, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.80 is Neutral, neither overbought nor oversold. The STOCH value of 123.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:OLL.
OpenLearning Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
46 Neutral | AU$3.32M | -7.95 | -25.95% | ― | 36.72% | 20.00% | |
44 Neutral | AU$6.72M | -0.94 | -115.58% | ― | ― | 28.93% | |
43 Neutral | AU$1.75M | -0.06 | -562.56% | ― | ― | ― | |
41 Neutral | AU$20.33M | -7.44 | 497.58% | ― | 12.77% | 53.47% |
* Technology Sector Average
AU:OLL
OpenLearning Ltd.
0.03
<0.01
52.94%
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ReadCloud Ltd.
0.08
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-22.00%
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Wooboard Technologies Limited
0.01
0.00
0.00%
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Nickelx Ltd
0.02
>-0.01
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Cape Range Ltd.
0.04
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-61.11%
OpenLearning Ltd. Corporate Events
OpenLearning Director Adam Brimo Lifts Indirect Shareholding
Mar 10, 2026
OpenLearning director Adam Brimo has increased his indirect shareholding in the company via Strong Alliance Pty Ltd , acquiring 250,000 OpenLearning shares on market for $7,212. Following the on-market purchases made on 5 and 6 March 2026, Brimo&#...
OpenLearning lifts revenue but deeper loss as it builds AI-driven learning ecosystem
Feb 27, 2026
OpenLearning reported strong top-line momentum for 2025, with revenue from ordinary activities rising 39.4% to $3.18 million on the back of higher platform SaaS fees, marketplace sales, and services, while gross sales climbed 20.5% despite lower r...
OpenLearning Reinstates Experienced Company Secretary to Support Growth and Governance
Feb 9, 2026
OpenLearning has appointed experienced governance professional Justyn Stedwell as company secretary, effective immediately, returning him to a role he previously held from the company’s 2019 IPO until March 2022. He replaces outgoing joint c...
OpenLearning SaaS ARR Jumps 30% as Contract Wins and Deal Sizes Grow
Jan 28, 2026
OpenLearning Ltd. reported that its platform SaaS annual recurring revenue (ARR) rose 30% year-on-year to $3.035 million in the fourth quarter of 2025, marking more than 16 consecutive quarters of annualised SaaS revenue growth. The company signed...
OpenLearning Accelerates SaaS Growth as AI-Powered LMS Strategy Delivers Larger Deals
Jan 28, 2026
OpenLearning reported a strong fourth quarter and full-year performance for FY25, with platform SaaS annual recurring revenue up 30% year-on-year to $3.035 million, marking 16 consecutive quarters of growth and a shift towards larger, higher-value...
OpenLearning to Issue 1 Million Unquoted Employee Options
Jan 6, 2026
OpenLearning Limited has notified the market of the planned issue of 1,000,000 unquoted options under its employee incentive scheme, exercisable at $0.05 and expiring on 1 July 2030, with an issue date of 14 October 2025. The move indicates the co...
OpenLearning to Issue 2 Million Unquoted Performance Rights Under Employee Incentive Scheme
Jan 6, 2026
OpenLearning Limited has notified the market that it will issue 2 million unquoted performance rights under its employee incentive scheme. The rights, which are not intended to be quoted on the ASX, are scheduled for issue on 14 October 2025 and a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.