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OpenLearning Ltd.
(Sydney:OLL)
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Rating:42Neutral
Price Target:
AU$0.01
▼(-40.00% Downside)
Action:Reiterated
Date:09/19/26
The score is held down primarily by weak financial performance—negative gross profit, heavy operating/net losses, and ongoing cash burn—despite improved 2025 revenue growth and a less leveraged balance sheet. Technical indicators remain broadly weak (negative MACD and price below key long-term averages), and valuation is difficult to justify with a negative P/E and no dividend support.
Positive Factors
Revenue rebound
The 2025 revenue rebound indicates renewed demand for the platform and improved commercial traction after a stagnant prior year. If maintained, stronger top-line growth can expand the customer base, support recurring subscription revenue, and provide greater operating leverage as the business scales.
Negative Factors
Negative gross economics
Persistent negative gross profit means revenue is not currently covering the direct costs of delivering the platform and related services. This weakens the foundation for sustainable growth because additional sales may not translate into contribution toward operating expenses without a material improvement in underlying unit economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The 2025 revenue rebound indicates renewed demand for the platform and improved commercial traction after a stagnant prior year. If maintained, stronger top-line growth can expand the customer base, support recurring subscription revenue, and provide greater operating leverage as the business scales.
Read all positive factors
OpenLearning Ltd. (OLL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.17M
Dividend YieldN/A
Average Volume (3M)272.69K
Price to Earnings (P/E)―
Beta (1Y)-0.12
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. Volume305,342
30 Day Avg. Volume272,686
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.78M | 3.18M | 2.28M | 2.29M | 3.17M | 3.51M |
| Gross Profit | -1.33M | -1.81M | -721.88K | -2.11M | -3.44M | -4.48M |
| EBITDA | -3.03M | -3.41M | -2.25M | -3.97M | -5.27M | -6.43M |
| Net Income | -3.68M | -4.10M | -2.85M | -4.42M | -5.65M | -6.73M |
Balance Sheet | ||||||
| Total Assets | 2.94M | 4.53M | 3.39M | 3.34M | 4.58M | 6.52M |
| Cash, Cash Equivalents and Short-Term Investments | 871.24K | 2.09M | 953.16K | 1.10M | 2.20M | 4.59M |
| Total Debt | 113.90K | 0.00 | 2.06M | 3.05M | 0.00 | 125.00K |
| Total Liabilities | 3.46M | 3.46M | 4.13M | 5.35M | 2.16M | 2.40M |
| Stockholders Equity | -521.04K | 1.07M | -741.39K | -2.01M | 2.42M | 4.13M |
Cash Flow | ||||||
| Free Cash Flow | -2.77M | -2.52M | -2.16M | -4.10M | -6.15M | -6.75M |
| Operating Cash Flow | -2.77M | -2.52M | -2.15M | -3.32M | -5.41M | -6.01M |
| Investing Cash Flow | -7.82K | -2.75K | -956.13K | -778.42K | -738.93K | -738.27K |
| Financing Cash Flow | 3.51M | 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
0.02
Negative
Market Momentum
>-0.01
Positive
43.14
Neutral
-51.67
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 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.14 is Neutral, neither overbought nor oversold. The STOCH value of -51.67 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$574.64M | 15.41 | 33.67% | 4.33% | 6.59% | 4.49% | |
70 Outperform | AU$9.99B | 70.98 | 32.19% | 1.25% | 14.48% | 6.31% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | AU$8.14M | -44.17 | -19.61% | ― | -7.14% | -1188.89% | |
51 Neutral | AU$166.19M | -34.05 | -3.57% | ― | 2.61% | 70.72% | |
43 Neutral | AU$37.81M | -4.32 | -23.77% | ― | 10.62% | 36.67% | |
42 Neutral | AU$10.17M | -4.19 | -1327.81% | ― | 44.95% | 10.45% |
* Technology Sector Average
AU:OLL
OpenLearning Ltd.
0.01
-0.01
-48.00%
AU:TNE
Technology One Limited
30.52
-7.88
-20.51%
AU:RDY
ReadyTech Holdings Ltd.
1.35
-0.85
-38.58%
AU:RCL
ReadCloud Ltd.
0.05
-0.03
-36.14%
AU:VR1
Vection Technologies Ltd.
0.02
-0.05
-76.81%
AU:OCL
Objective Corporation Limited
6.01
-13.43
-69.09%
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...
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.