KIDZ

MKT CAP:$353423

Classover Holdings, Inc. Class B Common Stock

Market Cap

$353423

Consumer Defensive·Education & Training Services·🇺🇸 United States·NASDAQ

Consumer Def.·Education·🇺🇸·NASDAQ

Stock Price

$1.57-$7.68 (-83.03%)

Apr 21, 2026

Company Details

Classover Holdings, Inc. is an education technology company based in New York, providing comprehensive online interactive live courses for K-12 students in the United States and globally. Their curriculum covers various subjects aimed at en...

CEO

Hui Luo

IPO Date

Apr 9, 2019

Website

classover.com

Key Metrics TTM

Revenue

$4M

+2.3% YoY

Net Income

-$2M

EPS (Diluted)

-$7.91

Free Cash Flow

-$4M

Revenue / Share

$7.51

Gross Margin

55.3%

Operating Margin

-79.0%

Net Margin

-53.2%

FCF Margin

-94.8%

P/S

0.1x

P/E

—

Earnings Reports

FY 2025

Apr 1, 2026

$3MEPS -$14.31

Q3 2025

Nov 13, 2025

$1M+31.5%EPS $5.00

Q2 2025

Aug 14, 2025

$725.6K-22.9%EPS -$11.50

Q1 2025

May 19, 2025

$816.0K-7.8%EPS -$0.67

Q4 2024

Apr 29, 2025

$870.8K+7.4%EPS -$0.74

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$6.2K	-$896	$418
Q4 21	$0	$0	-$185.6K
Q1 22	$0	$0	-$305.6K
Q2 22	$0	$0	-$838.5K
Q3 22	$0	$0	-$235.2K
Q4 22	$0	$0	-$187.1K
Q1 23	$758.6K	$414.9K	-$144.0K
Q3 23	$747.3K	$428.6K	-$94.8K
Q4 23	$810.7K	$384.1K	-$98.5K
Q1 24	$885.3K	$475.1K	-$165.1K
Q2 24	$940.6K	$529.5K	-$170.9K
Q3 24	$978.9K	$543.1K	-$173.7K
Q4 24	$870.8K	$420.8K	-$324.1K
Q1 25	$816.0K	$405.4K	-$295.9K
Q2 25	$725.6K	$322.7K	-$2M
Q3 25	$1M	$899.0K	-$604.9K

Valuation

Quarter	P/S	P/E
Q4 20	—	—
Q4 21	22.2x	10.8x
Q1 22	33.6x	3.8x
Q2 22	10486.2x	3.3x
Q3 22	—	2.8x
Q4 22	—	3.0x
Q1 23	85.2x	6.1x
Q3 23	42.9x	8.2x
Q4 23	27.9x	16.0x
Q1 24	20.2x	—
Q2 24	19.1x	—
Q3 24	17.9x	—
Q4 24	17.6x	—
Q1 25	17.9x	—
Q2 25	21.3x	—
Q3 25	8.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	-$628.4K	-$653.5K
Q3 19	-$182.4K	-$161.6K
Q4 19	$198.2K	$198.0K
Q1 20	-$400.6K	-$400.6K
Q3 20	$171.6K	$171.6K
Q4 20	$257.4K	$257.4K
Q4 21	-$892.0K	-$892.0K
Q3 23	-$287.9K	-$44.0K
Q4 23	$318.5K	$318.5K
Q1 24	-$189.7K	-$318.2K
Q2 24	-$116.6K	-$124.5K
Q3 24	-$269.5K	-$318.9K
Q4 24	-$147.1K	-$332.8K
Q1 25	-$288.3K	-$288.3K
Q2 25	-$336.5K	-$336.5K
Q3 25	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q2 19	$25.2K
Q3 19	$20.7K
Q4 19	$236
Q1 20	$0
Q3 20	$0
Q4 20	$0
Q4 21	$0
Q3 23	$0
Q4 23	$0
Q1 24	$128.6K
Q2 24	$7.8K
Q3 24	$49.3K
Q4 24	$185.7K
Q1 25	$4
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-100.0%	-78.0%
Q2 22	-100.0%	-56.3%
Q3 22	-100.0%	+3992.4%
Q4 22	—	+0.8%
Q1 23	—	+195.3%
Q3 23	—	+0.4%
Q4 23	—	+286.7%
Q1 24	—	+461.3%
Q2 24	+24.0%	+23.2%
Q3 24	+31.0%	+36.9%
Q4 24	+7.4%	+31.4%
Q1 25	-7.8%	+5.9%
Q2 25	-22.9%	+118.1%
Q3 25	+31.5%	+64.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$5.0K	—
Q3 19	$5.0K	—
Q4 19	$945	—
Q1 20	$541	0.1%
Q3 20	$84.0K	4.4%
Q4 20	$158.9K	2577.6%
Q4 21	$0	—
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$25.1K	2.8%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$118.4K	16.3%
Q3 25	$142.1K	11.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 20	—	$501.2K	$282.2K	—
Q4 21	—	—	—	$185.6K
Q1 22	—	—	—	$305.6K
Q2 22	—	—	—	$838.5K
Q3 22	—	—	—	$235.2K
Q4 22	—	—	—	$187.1K
Q1 23	$5.0K	$423.2K	$130.7K	—
Q3 23	$4.7K	$401.1K	$117.7K	—
Q4 23	$11.1K	$329.6K	$141.9K	—
Q1 24	$18.5K	$508.9K	$112.9K	—
Q2 24	$6.4K	$550.2K	$143.7K	—
Q3 24	$5.1K	$546.4K	$165.3K	—
Q4 24	$9.3K	—	—	$735.6K
Q1 25	$6.3K	$573.5K	$121.4K	—
Q2 25	$22.5K	$2M	$110.1K	—
Q3 25	$6.0K	$1M	$149.2K	—

Revenue by Geography

Quarter	Central, Eastern and Southern Europe	North America	Other	Others	Western Europe
Q4 22	$8	$3.9K	$102.8K	$473.5K	$17.6K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 19	$967.2K	$0	$967.2K
Q1 20	$545.5K	$0	$545.5K
Q3 20	$1M	$0	$1M
Q4 20	$1M	$0	$1M
Q4 22	$645.4K	$0	$645.4K
Q2 23	$128.3K	$0	$128.3K
Q3 23	$123.7K	$0	$123.7K
Q4 23	$787.7K	$0	$787.7K
Q1 24	$569.4K	$0	$569.4K
Q2 24	$444.9K	$0	$444.9K
Q3 24	$256.1K	$0	$256.1K
Q4 24	$50.7K	$0	$50.7K
Q1 25	$80.4K	$0	$80.4K
Q2 25	$6M	$0	$6M
Q3 25	$3M	$0	$3M
Q4 25	$3M	$0	$3M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	3M	0.0%	—
Q4 21	863K	-67.1%	—
Q1 22	863K	0.0%	-67.1%
Q2 22	863K	0.0%	-67.1%
Q3 22	863K	0.0%	-67.1%
Q4 22	863K	0.0%	0.0%
Q1 23	442K	-48.8%	-48.8%
Q3 23	442K	0.0%	-48.8%
Q4 23	442K	0.0%	-48.8%
Q1 24	442K	0.0%	-48.8%
Q2 24	442K	0.0%	0.0%
Q3 24	442K	0.0%	0.0%
Q4 24	444K	+0.4%	+0.4%
Q1 25	445K	+0.4%	+0.8%
Q2 25	330K	-26.0%	-25.4%
Q3 25	492K	+49.3%	+11.4%

Shares Outstanding