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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% | |
51 Neutral | AU$25.58M | -7.01 | ― | ― | 12.77% | 53.47% | |
42 Neutral | AU$6.07M | -8.00 | -29.77% | ― | 36.72% | 20.00% | |
37 Underperform | AU$1.27M | ― | ― | ― | ― | ― | |
34 Underperform | AU$5.14M | ― | -122.65% | ― | ― | 28.93% |
OpenLearning Ltd. Corporate Events
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.
OpenLearning Limited has announced a strategic partnership with Learnbase, a prominent Brazilian EdTech distributor, to enter the Brazilian education market. This three-year reseller agreement allows OpenLearning to leverage Learnbase’s established relationships with Brazilian universities and enterprises, providing a scalable and efficient entry into one of the world’s largest education markets. The partnership aligns with OpenLearning’s global growth strategy, emphasizing collaboration with local distributors to enhance market penetration and adoption of their AI-powered learning management systems.
OpenLearning Ltd. announced a change in the director’s interest, with Rupesh Singh acquiring an additional 550,000 fully paid ordinary shares through an on-market purchase. This change reflects a strategic move by the director, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.
OpenLearning Ltd. has reported a significant increase in the total contract value of its new software-as-a-service (SaaS) contracts since May 2025, driven by its competitive positioning in the LMS market, successful expansion into the Philippines, and growth in the Australian and Malaysian markets. The company’s new sales strategy has resulted in longer duration and higher value contracts, contributing to a total of $2.5 million in new SaaS contracts in 2025, indicating a strong acceleration in sales traction.
OpenLearning Ltd. has announced a proposed issue of 55,514,367 ordinary fully paid securities, with the issue date set for December 1, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s capital structure and market positioning, offering opportunities for stakeholders to engage with the company’s growth strategy.
OpenLearning Limited has announced a debt-to-equity conversion agreement with its largest shareholder, the Education Centre of Australia (ECA), converting approximately $1.0 million of debt into equity at a 25% premium to the market price. This move will extinguish the company’s debt obligations to ECA and increase ECA’s shareholding to 63.97%, pending shareholder approval. The conversion underscores ECA’s confidence in OpenLearning’s long-term strategy and growth prospects in the EdTech sector.
OpenLearning Ltd. has announced the launch of its next-generation learning management system built on generative AI, aiming to enhance its position in emerging markets. This strategic move is expected to strengthen its operations in Australia, Malaysia, and the Philippines, potentially impacting stakeholders by expanding digital education solutions in these regions.
OpenLearning Limited announced that two of its Non-Executive Directors, Rupesh Singh and Matthew Reede, conducted trades during a Closed Period, inadvertently breaching the company’s Trading Policy. The trades were made due to confusion about the timing of the company’s Half Year Report release, and the directors have apologized for the oversight. The board views the breach as an honest mistake and plans to review the Trading Policy to prevent future occurrences.
OpenLearning Ltd. announced a change in the director’s interest, with Rupesh Singh acquiring additional shares through Aria Assets Superfund Pty Ltd. This acquisition reflects a strategic move to strengthen the director’s stake in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.
OpenLearning Limited has announced a change in the director’s interest, with Director Matthew Reede acquiring additional shares through on-market trades. This change reflects an increase in Reede’s holdings to 2,000,000 ordinary fully paid shares, potentially indicating confidence in the company’s future performance.
OpenLearning Limited announced a change in the director’s interest notice for Adam Brimo. The change involved the acquisition of 133,334 ordinary fully paid shares and the disposal of 1,200,001 performance rights. This adjustment in securities holdings reflects strategic financial decisions by the director, which could impact the company’s stock performance and investor perceptions.
OpenLearning Ltd. announced the cessation of 1,200,001 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s financial structuring and stakeholder interests, reflecting challenges in meeting performance benchmarks.
OpenLearning Limited announced the issuance of 133,334 fully paid ordinary shares following the exercise of performance rights granted to its Managing Director, Adam Brimo. This move aligns with shareholder approvals from the 2024 Annual General Meeting. Additionally, the company is in discussions with Education Australia Limited regarding a debt-to-equity conversion for a $3 million facility, with $0.4 million already drawn. This strategic financial maneuvering could impact the company’s capital structure and stakeholder interests.
OpenLearning Ltd. has announced the issuance of 133,334 fully paid ordinary securities, set to be quoted on the Australian Securities Exchange (ASX) under the code OLL. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its market presence and offering stakeholders an opportunity to engage with its growth trajectory.
OpenLearning Limited has entered the enterprise LMS market through a 3-year reseller partnership with Elcom Technology Pty Ltd, a leading provider of intranet and content management systems in Australia. This collaboration allows OpenLearning to integrate its LMS into Elcom’s offerings, providing a direct channel to over 200 corporate clients across various sectors. The partnership is strategically important for OpenLearning, enhancing its market reach and accelerating its growth in the corporate training sector, while Elcom benefits from offering a comprehensive learning solution to its clients.