RYB Education, Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 167.9M, using the latest reported figures. The previous period, 2024, was about USD 267.4M.

Watchlist

Latest fiscal year

Revenue

168 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-29.83%

2025 · %

Exact inputs and evidence
  • Operating Income: -50096000 USD Source
  • Revenue: 167931000 USD Source

Operating cash flow

-45.5 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -45503000 USD Source

Free cash flow

-45.6 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -45503000 USD Source
  • Capital Expenditure: 94000 USD Source
Cash and cash equivalents
18.5 million USD Source
Exact value

18481000 USD

Long-term debt including current maturities
64 million USD Source
Exact value

63980000 USD

Shares outstanding
462 million shares Source
Exact value

462192400 shares

Reported share-count change

1.59% · 7.23 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 454958590 shares · 2024-12-31· Source
  • 462192400 shares · 2025-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-08.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 5 of 11 periods available· newest 2025-12-31
  • Operating income: 5 of 11 periods available· newest 2025-12-31
  • Net income: 5 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 5 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 5 of 11 periods available· newest 2025-12-31
  • Total assets: 4 of 11 periods available· newest 2025-12-31
  • Total liabilities: 4 of 11 periods available· newest 2025-12-31
  • Current assets: 4 of 11 periods available· newest 2025-12-31
  • Current liabilities: 4 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 4 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 4 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -37.2%

    Prior period

    USD 267.38 million

    –

    Current period

    USD 167.93 million

    –

    Exact inputs and evidence

    167931000 − 267381000 = -99450000 USD

    267381000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    167931000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 41.65 million

    Prior period

    −USD 95.72 million

    –

    Current period

    −USD 54.07 million

    –

    Exact inputs and evidence

    -54071000 − -95719000 = 41648000 USD

    -95719000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -54071000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -5,889.2%

    Prior period

    USD 786,000

    –

    Current period

    −USD 45.5 million

    –

    Exact inputs and evidence

    -45503000 − 786000 = -46289000 USD

    786000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -45503000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -92.7%

    Prior period

    USD 1.28 million

    –

    Current period

    USD 94,000

    –

    Exact inputs and evidence

    94000 − 1283000 = -1189000 USD

    1283000 USD · 2024-01-01 – 2024-12-31

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    94000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 167.93 million 100% of revenue
  • Cost of revenue USD 132.64 million 79% of revenue
  • Operating expenses USD 85.38 million 51% of revenue
  • Operating income −USD 50.1 million −30% of revenue
  • Tax, interest and other Derived USD 3.98 million 2.4% of revenue
  • Net income −USD 54.07 million −32% of revenue

Cash

  • Operating cash flow −USD 45.5 million −27% of revenue
  • Capital expenditure USD 94,000 0.1% of revenue
  • Free cash flow Derived −USD 45.6 million −27% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2021 Net loss: net income was −0.2% of revenue.
  • 2022 Net income was higher than operating income, so the split is not drawn.
  • 2023 Operating loss: operating costs were 111% of revenue.
  • 2024 Operating loss: operating costs were 114% of revenue.
  • 2025 Operating loss: operating costs were 130% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2021 2021-01-01 – 2021-12-31448193000 437127000 Derived 11066000 12168000 Derived -1102000 -23098000 Derived
Source
2022 2022-01-01 – 2022-12-31584684000 581253000 Derived 3431000 -17032000 Derived 20463000 -6101000 Derived
Source
2023 2023-01-01 – 2023-12-31411757000 457800000 Derived -46043000 -6615000 Derived -39428000 -2747000 Derived
Source
2024 2024-01-01 – 2024-12-31267381000 305419000 Derived -38038000 57681000 Derived -95719000 -497000 Derived
Source
2025 2025-01-01 – 2025-12-31167931000 218027000 Derived -50096000 3975000 Derived -54071000 -45597000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 167.9M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.631.5M473.6M315.7M157.9M0.020212022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2021Revenue448193000
2022Revenue584684000
2023Revenue411757000
2024Revenue267381000
2025Revenue167931000

Revenue growth

Change in revenue from the same financial period one year earlier.

-37.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.36%16%-3%-23%-43%20212022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2021Year over yearNo prior comparable period
2022Year over year30.5%
2023Year over year-29.6%
2024Year over year-35.1%
2025Year over year-37.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -29.8% 2025
Net margin -32.2% 2025
Free cash flow margin -27.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7%-5%-16%-28%-39%20212022202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2021Operating margin2.5%
2022Operating margin0.6%
2023Operating margin-11.2%
2024Operating margin-14.2%
2025Operating margin-29.8%
2021Net margin-0.2%
2022Net margin3.5%
2023Net margin-9.6%
2024Net margin-35.8%
2025Net margin-32.2%
2021Free cash flow margin-5.2%
2022Free cash flow margin-1%
2023Free cash flow margin-0.7%
2024Free cash flow margin-0.2%
2025Free cash flow margin-27.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -45.5M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.5M-8.9M-22.4M-35.8M-49.2M20212022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2021Operating cash flow-21904000
2022Operating cash flow-5272000
2023Operating cash flow-2358000
2024Operating cash flow786000
2025Operating cash flow-45503000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -45.6M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.6M-9.6M-22.8M-36.0M-49.2M20212022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2021Free cash flow-23098000
2022Free cash flow-6101000
2023Free cash flow-2747000
2024Free cash flow-497000
2025Free cash flow-45597000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

109.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.118%89%59%30%0%2021-12-312022202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2021-12-31Liabilities / assetsNot reportedNo source recorded
2022Liabilities / assets62.8%
2023Liabilities / assets70.4%
2024Liabilities / assets88.8%
2025Liabilities / assets109.6%

Current assets to current liabilities

Current assets divided by current liabilities.

0.76× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.32×0.99×0.66×0.33×0.00×2021-12-312022202320242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022Current assets / current liabilities1.1×
2023Current assets / current liabilities1.22×
2024Current assets / current liabilities1.13×
2025Current assets / current liabilities0.76×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2021 2021-01-01 – 2021-12-31
−USD 1.1 million
Exact value

Exact value: -1102000 USD

2021-01-01 – 2021-12-31: -1102000 USD Inspect Net Income Open source
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−USD 21.9 million
Exact value

Exact value: -21904000 USD

2021-01-01 – 2021-12-31: -21904000 USD Inspect Operating Cash Flow Open source
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USD 1.19 million
Exact value

Exact value: 1194000 USD

2021-01-01 – 2021-12-31: 1194000 USD Inspect Capital Expenditure Open source
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−USD 23.1 million
Calculation and evidence

-21904000 − 1194000 USD

Exact free cash flow: -23098000 USD

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2022 2022-01-01 – 2022-12-31
USD 20.46 million
Exact value

Exact value: 20463000 USD

2022-01-01 – 2022-12-31: 20463000 USD Inspect Net Income Open source
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−USD 5.27 million
Exact value

Exact value: -5272000 USD

2022-01-01 – 2022-12-31: -5272000 USD Inspect Operating Cash Flow Open source
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USD 829,000
Exact value

Exact value: 829000 USD

2022-01-01 – 2022-12-31: 829000 USD Inspect Capital Expenditure Open source
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−USD 6.1 million
Calculation and evidence

-5272000 − 829000 USD

Exact free cash flow: -6101000 USD

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2023 2023-01-01 – 2023-12-31
−USD 39.43 million
Exact value

Exact value: -39428000 USD

2023-01-01 – 2023-12-31: -39428000 USD Inspect Net Income Open source
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−USD 2.36 million
Exact value

Exact value: -2358000 USD

2023-01-01 – 2023-12-31: -2358000 USD Inspect Operating Cash Flow Open source
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USD 389,000
Exact value

Exact value: 389000 USD

2023-01-01 – 2023-12-31: 389000 USD Inspect Capital Expenditure Open source
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−USD 2.75 million
Calculation and evidence

-2358000 − 389000 USD

Exact free cash flow: -2747000 USD

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2024 2024-01-01 – 2024-12-31
−USD 95.72 million
Exact value

Exact value: -95719000 USD

2024-01-01 – 2024-12-31: -95719000 USD Inspect Net Income Open source
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USD 786,000
Exact value

Exact value: 786000 USD

2024-01-01 – 2024-12-31: 786000 USD Inspect Operating Cash Flow Open source
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USD 1.28 million
Exact value

Exact value: 1283000 USD

2024-01-01 – 2024-12-31: 1283000 USD Inspect Capital Expenditure Open source
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−USD 497,000
Calculation and evidence

786000 − 1283000 USD

Exact free cash flow: -497000 USD

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2025 2025-01-01 – 2025-12-31
−USD 54.07 million
Exact value

Exact value: -54071000 USD

2025-01-01 – 2025-12-31: -54071000 USD Inspect Net Income Open source
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−USD 45.5 million
Exact value

Exact value: -45503000 USD

2025-01-01 – 2025-12-31: -45503000 USD Inspect Operating Cash Flow Open source
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USD 94,000
Exact value

Exact value: 94000 USD

2025-01-01 – 2025-12-31: 94000 USD Inspect Capital Expenditure Open source
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−USD 45.6 million
Calculation and evidence

-45503000 − 94000 USD

Exact free cash flow: -45597000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

78 filings · 1,219 latest values · 1,219 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001708441, 1708441, MYND, edgar:1708441

Also known as Gravitas Education Holdings, Inc., Gravitas Education Holdings, Inc., Mynd.ai, Inc., RYB Education, Inc.