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OpenLearning Ltd.
(Sydney:OLL)
Select Model
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Rating:44Neutral
Price Target:
AU$0.02
▼(-57.50% Downside)
Action:Reiterated
Date:06/23/26
The score is held down primarily by weak financial quality—negative gross profit, large operating/net losses, and ongoing cash burn—despite improved leverage (no debt) and revenue growth. Technicals add additional pressure with a clear downtrend and negative momentum. Valuation provides limited support because the negative P/E is driven by losses and there is no dividend yield.
Positive Factors
Recurring SaaS platform revenue
OpenLearning's core SaaS model—subscription and contract fees to institutions plus implementation services—creates recurring, contractable revenue and tighter customer stickiness. This business model supports predictable cashflows, scalable unit economics if churn and ARPA improve, and durable B2B relationships over the next 2–6 months and beyond.
Negative Factors
Negative gross margins / unit economics
Persistently negative gross margins mean the company loses money on core delivery before operating costs. Without improvement to pricing, cost of delivery, or product mix, scaling revenue will amplify losses rather than deliver leverage, making sustainable profitability unlikely without structural changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS platform revenue
OpenLearning's core SaaS model—subscription and contract fees to institutions plus implementation services—creates recurring, contractable revenue and tighter customer stickiness. This business model supports predictable cashflows, scalable unit economics if churn and ARPA improve, and durable B2B relationships over the next 2–6 months and beyond.
Read all positive factors
OpenLearning Ltd. (OLL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.30M
Dividend YieldN/A
Average Volume (3M)2.43M
Price to Earnings (P/E)―
Beta (1Y)-0.19
Revenue Growth39.36%
EPS Growth5.75%
CountryAU
Employees45
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding782,139,800
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 operates as an education technology enterprise, supplying a comprehensive learning platform and expert learning design services to educational institutions across Australia, Malaysia, and Singapore. The company's principal off...
How the Company Makes Money
OLL primarily makes money by providing its online learning platform as a service to institutions and organizations, charging platform fees (typically recurring subscription and/or contract-based fees) for access and use. Revenue is generally drive...
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
Negative
0.04
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
27.34
Positive
166.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OLL, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 27.34 is Positive, neither overbought nor oversold. The STOCH value of 166.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$10.08B | 70.93 | 32.19% | 0.83% | 14.48% | 6.31% | |
65 Neutral | AU$665.47M | 23.15 | 25.65% | 1.27% | 6.51% | 15.45% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$197.70M | 160.50 | 0.87% | ― | 6.58% | ― | |
44 Neutral | AU$13.30M | -3.46 | 497.58% | ― | 39.36% | 5.75% | |
41 Neutral | AU$56.48M | -3.28 | -60.02% | ― | 15.14% | -102.70% |
* Technology Sector Average
AU:OLL
OpenLearning Ltd.
0.02
0.00
0.00%
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OpenLearning Ltd. Corporate Events
OpenLearning Director Adam Brimo Increases Shareholding via Performance Rights Conversion
Jul 2, 2026
OpenLearning Limited has reported a change in the interests of director Adam Brimo, following the conversion of performance rights into ordinary shares. The transaction increased Brimo’s direct shareholding to 6,897,784 shares, while his hol...
OpenLearning issues new shares under Corporations Act exemption
Jun 29, 2026
OpenLearning Ltd., an AI-driven SaaS learning platform, partners with hundreds of education providers to support online delivery of courses and degrees, particularly in Australia, Malaysia and emerging markets like Indonesia and India. Its technol...
OpenLearning Lists Additional Shares on ASX Following Option Conversions
Jun 29, 2026
OpenLearning Ltd. has applied for the quotation of 133,333 new ordinary fully paid shares on the ASX, with an issue date of June 29, 2026, under its existing ticker OLL. The additional securities, arising from the exercise of options or conversion...
OpenLearning Wins Strong Shareholder Backing at 2026 AGM
May 27, 2026
OpenLearning Limited reported the results of its 27 May 2026 Annual General Meeting in Sydney, confirming that all resolutions put to shareholders were decided by poll. Investors approved the remuneration report, re-elected director Spiro Pappas, ...
OpenLearning Boosts ARR 35% as Larger Contracts Drive Path to Break-Even
May 27, 2026
OpenLearning reported that its platform SaaS annual recurring revenue reached $3.19 million at the end of Q1 FY26, a 35% year-on-year increase and the seventeenth consecutive quarter of annualised SaaS revenue growth. The number of B2B SaaS custom...
OpenLearning Relaunches The Uni Guide as Global AI-Driven Student Recruitment Marketplace
May 24, 2026
OpenLearning has launched The Uni Guide, an international student recruitment marketplace that connects students, education agents and universities on a single platform and allows users to search, compare and apply to multiple institutions globall...
OpenLearning lands strategic LMS deal with Philippine Normal University
May 10, 2026
OpenLearning has secured a software-as-a-service agreement to deploy its AI-powered LMS at Philippine Normal University, the country’s National Center for Teacher Education, via local reseller CE-Logic. The initial one-year deal, starting Ju...
OpenLearning Accelerates SaaS Growth and Targets Cash-Flow Break-Even by 2027
Apr 30, 2026
OpenLearning reported that its platform SaaS annual recurring revenue reached $3.19 million at the end of Q1 FY26, a 35 percent year-on-year increase, marking 17 consecutive quarters of annualised SaaS revenue growth. The company’s B2B SaaS ...
OpenLearning lifts SaaS ARR 35% as AI-powered LMS wins larger multi-year deals
Apr 30, 2026
OpenLearning reported that its platform SaaS annual recurring revenue rose 35% year-on-year in the first quarter of FY26 to $3.192 million, marking a 17th consecutive quarter of growth and a 5% uplift on the prior quarter. Average SaaS ARR per B2B...
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.