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OpenLearning Ltd.
(Sydney:OLL)
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Rating:43Neutral
Price Target:
AU$0.01
▼(-30.00% Downside)
Action:Upgraded
Date:09/12/26
The score is held down primarily by weak financial performance—negative gross profit, large ongoing operating losses, and continued cash burn—despite improved 2025 revenue growth and a lower-risk balance sheet (no debt, positive equity). Technicals are also generally bearish with price below major moving averages and negative MACD, only partially offset by oversold RSI. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield data is available.
Positive Factors
Recurring SaaS model
An institutional SaaS model can support recurring platform revenue as customers use hosting, administration, and learning tools across ongoing programs. Scaling by courses or learners may create a repeatable base for expanding education-provider relationships and revenue durability.
Negative Factors
Negative gross margin
Negative gross profit across every reported year shows that revenue has not yet covered the direct costs of delivering the business. This points to weak unit economics and makes growth less valuable unless pricing, delivery costs, or the service mix improve materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS model
An institutional SaaS model can support recurring platform revenue as customers use hosting, administration, and learning tools across ongoing programs. Scaling by courses or learners may create a repeatable base for expanding education-provider relationships and revenue durability.
Read all positive factors
OpenLearning Ltd. (OLL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.17M
Dividend YieldN/A
Average Volume (3M)179.42K
Price to Earnings (P/E)―
Beta (1Y)-0.19
Revenue Growth44.95%
EPS Growth10.45%
CountryAU
Employees45
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding782,139,800
10 Day Avg. Volume151,854
30 Day Avg. Volume179,421
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
OpenLearning makes money primarily by providing its online learning platform as a subscription software service to education and training organizations. Its core revenue model is based on fees paid by institutions (and/or course providers) to use ...
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
0.02
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
32.38
Neutral
-61.11
Positive
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 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 32.38 is Neutral, neither overbought nor oversold. The STOCH value of -61.11 is Positive, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$563.16M | 15.15 | 33.67% | 4.40% | 6.59% | 4.49% | |
70 Outperform | AU$9.35B | 65.37 | 32.19% | 1.35% | 14.48% | 6.31% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | AU$185.35M | -37.97 | -3.57% | ― | 2.61% | 70.72% | |
43 Neutral | AU$10.17M | -4.52 | -1327.81% | ― | 44.95% | 10.45% | |
43 Neutral | AU$44.90M | -4.86 | -23.77% | ― | 10.62% | 41.67% |
* Technology Sector Average
AU:OLL
OpenLearning Ltd.
0.01
>-0.01
-39.13%
AU:TNE
Technology One Limited
28.11
-9.47
-25.19%
AU:RDY
ReadyTech Holdings Ltd.
1.50
-0.65
-30.23%
AU:RCL
ReadCloud Ltd.
0.06
-0.02
-28.57%
AU:VR1
Vection Technologies Ltd.
0.02
-0.04
-70.97%
AU:OCL
Objective Corporation Limited
5.91
-14.06
-70.40%
OpenLearning Ltd. Corporate Events
OpenLearning expands Philippine footprint with new university SaaS deals
Sep 7, 2026
OpenLearning Limited has signed two separate SaaS agreements with Good Samaritan College and Jose Rizal University in the Philippines to deploy its AI-enabled, outcomes-focused learning management system across a combined base of 16,700 students. ...
OpenLearning Delivers Record SaaS ARR and Margins as Losses Narrow
Aug 28, 2026
OpenLearning reported a strong first half of 2026, with revenue up 42.8% to $1.99 million and gross profit up 64% to $1.25 million, lifting gross margin to a record 63%. Platform SaaS annual recurring revenue climbed 23.4% to a record $3.27 millio...
OpenLearning Narrows Half-Year Loss as Revenue Jumps 42.8%
Aug 28, 2026
OpenLearning Limited reported a strong improvement in its financial performance for the half-year ended 30 June 2026, with gross sales rising 22.2% to $2.62 million and revenue surging 42.8% to $1.99 million. The company reduced its loss after tax...
OpenLearning Director Adam Brimo Increases Indirect Shareholding
Aug 10, 2026
OpenLearning Limited has disclosed a change in director Adam Brimo’s interests, with an increase in his indirect shareholding via Strong Alliance Pty Ltd . The transaction underscores continued insider exposure to the company’s equity,...
OpenLearning Delivers Record Cash Receipts and Sustained SaaS Growth in Q2 FY26
Jul 30, 2026
OpenLearning reported a strong Q2 FY26, with total cash receipts rising 31% quarter-on-quarter to a record $1.653 million, driven by contract expansion in Australia and Malaysia and new customer implementations in the Philippines and Indonesia. Pl...
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...
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.