Simplilearn revenue slips to Rs 556 Cr in FY25, cuts losses

Upskilling-focused edtech platform Simplilearn has struggled to scale up in the last fiscal year, with its operating revenue declining 26% following a sharp fall in income from its self-learning segment. However, the company managed to curb its losses with the help of expense rationalisation.

Simplilearn’s operating revenue fell to Rs 556 crore in FY25 from Rs 750 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC).

Simplilearn is a digital upskilling platform that provides training in cybersecurity, cloud computing, project management, digital marketing, and data science, among others. It offers postgraduate programs, master's programs, and certification courses.

Revenue from online self-learning courses declined steeply by 95% to Rs 23 crore in FY25 from Rs 451 crore in FY24, accounting for just 4% of operating revenue. In contrast, income from live learning programs surged 65% to Rs 565 crore in FY25 from Rs 341.5 crore a year earlier. Including other income of Rs 22 crore, the company’s total income stood at Rs 578 crore in FY25.

On the spending side, Employee benefit expenses, the largest cost component, fell sharply by 42.5% to Rs 187 crore in FY25 from Rs 325 crore in FY24. Advertising and marketing costs fell 35% to Rs 134 crore, while cost of materials declined 11.5% to Rs 162 crore during the year.

Depreciation expenses rose 10% to Rs 63 crore. Subscription fees, however, increased 50% to Rs 24 crore in FY25. Finance costs stood at Rs 6 crore during the year. Overall, Total expenses declined 29% to Rs 621 crore in FY25 from Rs 879 crore in FY24.

Simplilearn’s loss decreased by 60% to Rs 43 crore in FY25 from Rs 107 crore in FY24. It is worth noting that the company booked an exceptional expense of Rs 141 crore in FY25, primarily on account of amortisation of its content library. Since this charge is non-cash in nature, we have calculated the adjusted loss excluding the exceptional item.

On a unit basis, the company spent Rs 1.12 to earn a rupee during FY25, compared to Rs 1.17 in the previous fiscal year. As of March 2025, Simplilearn reported cash and bank balances of Rs 145 crore, down from Rs 236 crore in FY24. Its current assets stood largely flat at Rs 319 crore.

According to startup data intelligence platform TheKredible, Simplilearn has raised over $118 million to date, having Blackstone and GSV Ventures as its lead investors.