Simplilearn Experiences Revenue Decline in FY25

Simplilearn, an edtech platform dedicated to upskilling, faced difficulties in its growth during the recent fiscal year, reporting a 26% drop in operating revenue due to a significant decrease in its self-learning segment. Nonetheless, the company was able to reduce its losses through effective expense management.

According to consolidated financial statements acquired from the Registrar of Companies (RoC), Simplilearn’s operating revenue declined to Rs 556 crore in FY25, down from Rs 750 crore in FY24. Simplilearn is recognised for its digital upskilling initiatives, offering courses in areas such as cybersecurity, cloud computing, project management, digital marketing, and data science, including postgraduate and certification programmes.

Decline in Self-Learning Revenue

The revenue generated from online self-learning courses plummeted by 95%, dropping to Rs 23 crore in FY25 from Rs 451 crore in FY24, representing a mere 4% of overall operating revenue. In contrast, live learning programs saw a remarkable increase of 65%, rising to Rs 565 crore in FY25 from Rs 341.5 crore the previous year. Including additional income of Rs 22 crore, the company’s total income amounted to Rs 578 crore in FY25.

Cost Management Efforts

On the expenditure side, employee benefit expenses, which constitute the largest cost, fell significantly by 42.5%, decreasing to Rs 187 crore in FY25 from Rs 325 crore in FY24. Meanwhile, advertising and marketing expenses dropped by 35% to Rs 134 crore, and costs for materials decreased by 11.5% to Rs 162 crore during the same period. Depreciation costs climbed by 10% to Rs 63 crore, while subscription fees rose by 50% to Rs 24 crore in FY25. The finance costs for the year were reported at Rs 6 crore. Overall, total expenses decreased by 29%, falling to Rs 621 crore in FY25 from Rs 879 crore in FY24.

Losses Decrease Notably

Simplilearn’s losses decreased by 60% to Rs 43 crore in FY25 from Rs 107 crore in FY24. It is important to highlight that the company recorded an exceptional expense of Rs 141 crore in FY25, primarily due to the amortisation of its content library. As this charge is a non-cash item, the adjusted loss has been calculated excluding it.

On a per-unit basis, Simplilearn spent Rs 1.12 to earn a rupee during FY25, compared to Rs 1.17 in the prior fiscal year. By the end of March 2025, Simplilearn reported cash and bank balances of Rs 145 crore, a decrease from Rs 236 crore in FY24. Its current assets remained stable at Rs 319 crore.

Funding and Investments

As per data from various startup intelligence platforms, Simplilearn has secured over $118 million in funding to date, with Blackstone and GSV Ventures being its key investors.