According to reports, as of the close of trading on Monday, the stock price of 51Talk (COE.US) increased by 12.15%, ending at $55.56. Since the beginning of this year, 51Talk's stock has continually reached new highs, with an impressive gain of over 170% in 2025, significantly outperforming both the S&P 500 Index and the Nasdaq Composite Index. Recent research from China Merchants Securities International highlights that 51Talk is emerging as a new star in the vast English training market, currently holding approximately 0.5% market share (based on third-party reports, the total potential market size outside of China is approximately $16.9 billion). Its rapid growth is driven by market expansion and AI innovation. China Merchants Securities International noted that 51Talk's forward price-to-sales ratio for 2026 is at 1.6 times, below the industry average of 2.0 times, while its price-to-sales growth is at 0.03 times (based on a projected 57% compound annual growth rate for revenue from 2025 to 2027), which is markedly lower than the industry average of 0.1 times, suggesting that its valuation is highly attractive. In terms of performance data, total cash revenue for the second quarter of 2025 was approximately $28.5 million, a year-over-year increase of 79%, while the number of active students rose 68% year-on-year to reach 91,300. The group's revenue amounted to $20.4 million, up 86% year-on-year, with a gross margin of 75%. The company forecasts that total cash revenue for the third quarter of 2025 will increase by 85-90% year-over-year, with accelerated quarter-on-quarter growth propelled by ongoing market expansion, penetration, and branding activities such as promotions in Riyadh.