Sign in

Private company

LAIX Inc.

LAIX Inc. is an educational services company in the Cayman Islands.1 It is headquartered in Shanghai, China.1

Last updated Oct 21, 2026.

Overview

$107.5MRevenue, fiscal 20212
$9.4MNet income, fiscal 20212
  • IndustryServices-Educational Services1
  • HeadquartersShanghai, China1
  • Incorporated inCayman Islands3
  • Business addressBuilding C2, No. 1687 Changyang Road, Yangpu District, Shanghai, F4 2000903
  • Filer categoryNon-accelerated filer, Emerging growth company3

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

79.5%Gross margin2
6.5%Operating margin2
8.7%Net margin2
-27.9%Revenue growth, 20212
-$24.6MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue21¢$22.0M
  • Research and development15¢$16.5M
  • Other costs55¢$59.3M
  • Income tax0¢$268.0K
  • Profit9¢$9.4M

Out of $107.5M in revenue.2

Financial statements

Revenue4562$107.5M in 2021+771% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $12.3M$12.3M20162017: $165.6M$165.6M2017+1243%2018: $92.7M$92.7M2018−44%2019: $147.0M$147.0M2019+59%2020: $149.1M$149.1M2020+1%2021: $107.5M$107.5M2021−28%
Gross profit4562$85.4M in 2021+27% since 2018
0$50.0M$100.0M$150.0M2018: $67.3M$67.3M20182019: $107.7M$107.7M2019+60%2020: $106.6M$106.6M2020−1%2021: $85.4M$85.4M2021−20%
Operating income4562$7.0M in 2021
-$100.0M-$75.0M-$50.0M-$25.0M0$25.0M2018: -$67.4M-$67.4M20182019: -$84.0M-$84.0M2019+25%2020: -$62.5M-$62.5M2020−26%2021: $7.0M$7.0M2021
Net income4562$9.4M in 2021
-$100.0M-$75.0M-$50.0M-$25.0M0$25.0M2018: -$71.0M-$71.0M20182019: -$82.6M-$82.6M2019+16%2020: -$60.5M-$60.5M2020−27%2021: $9.4M$9.4M2021
Fiscal year2015201620172018201920202021
Revenue12.3M CNY4165.6M CNY5$92.7M4$147.0M5$149.1M6$107.5M2
Cost of revenue$25.4M4$39.3M5$42.5M6$22.0M2
Gross profit$67.3M4$107.7M5$106.6M6$85.4M2
Research and development$22.6M4$30.7M5$29.2M6$16.5M2
Operating expenses$80.7M2
Operating income-$67.4M4-$84.0M5-$62.5M6$7.0M2
Income before tax$9.7M2
Income tax$3.5M4$273.0K5$291.0K6$268.0K2
Net income-$71.0M4-$82.6M5-$60.5M6$9.4M2
Earnings per share$0.192
Earnings per share (diluted)$0.192
Shares (weighted, basic)50.0M shares2
Shares (weighted, diluted)50.3M shares2

Compare LAIX Inc. with another company

Corporate structure

LAIX Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LAIX Inc.

  • TB Alternative Assets Ltd. Filed SC 13G on LAIX Inc., latest Oct 20, 2022 (2 filings since Feb 11, 2022)
  • GGV Capital IV L.P. Filed SC 13D/A on LAIX Inc., latest Oct 13, 2022 (2 filings since Jul 8, 2022)
  • IDG-Accel China Growth Fund III L.P. Filed SC 13D/A on LAIX Inc., latest Oct 13, 2022 (3 filings since Feb 25, 2022)
  • Yi Wang Filed SC 13D/A on LAIX Inc., latest Oct 11, 2022 (3 filings since Apr 29, 2022)
  • Kevin Lu Filed SC 13G on LAIX Inc., latest Sep 29, 2022
  • CMC Lullaby Holdings Ltd Filed SC 13G/A on LAIX Inc., latest Feb 14, 2022
  • LAIX Inc. Shanghai, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LAIX Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation57.3M CNY2 Dec 31, 202178.2M CNY2 Dec 31, 2020−26.7%
Accumulated depreciation42.2M CNY2 Dec 31, 202140.4M CNY2 Dec 31, 2020+4.4%
Property and equipment, net$2.4M2 Dec 31, 2021$4.6M6 Dec 31, 2020−48.8%
Operating-lease assets (leased space)$1.5M2 Dec 31, 2021$12.6M6 Dec 31, 2020−88.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.9M2 Dec 31, 2021$21.1M6 Dec 31, 2020−53.0%
Marketable securities, current$1.1M2 Dec 31, 2021$14.0M6 Dec 31, 2020−92.4%
Stakes in other companies (equity method)$876.0K2 Dec 31, 2021$875.0K6 Dec 31, 2020+0.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$946.0K2 Dec 31, 2021$2.2M6 Dec 31, 2020−57.0%
Accumulated amortization10.0M CNY2 Dec 31, 20217.4M CNY2 Dec 31, 2020+35.5%

Former names

  • LingoChamp Inc.Jun 13, 2018 to Aug 20, 20183

Filings

28 filings to the SEC since October 2021: 1 annual reports, 12 large holders, 15 other. The latest 20:

  1. Oct 20, 2022SC 13G SCHEDULE 13G EDGAR
  2. Oct 13, 202215-12G EDGAR
  3. Oct 13, 2022SC 13D/A EDGAR
  4. Oct 13, 2022SC 13D/A AMENDMENT NO. 1 EDGAR
  5. Oct 12, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  6. Oct 11, 2022SC 13D/A EDGAR
  7. Oct 11, 2022SC 13E3/A SCHEDULE 13E-3 AMENDMENT NO. 2 EDGAR
  8. Oct 11, 20226-K EDGAR
  9. Sep 29, 2022SC 13G EDGAR
  10. Sep 6, 20226-K EDGAR
  11. Aug 8, 2022CORRESP EDGAR
  12. Aug 8, 2022SC 13E3/A SCHEDULE 13E-3 AMENDMENT NO. 1 EDGAR
  13. Aug 3, 2022UPLOAD EDGAR
  14. Jul 11, 2022SC 13E3 SCHEDULE 13E-3 EDGAR
  15. Jul 8, 2022SC 13D/A EDGAR
  16. Jun 27, 20226-K EDGAR
  17. Jun 23, 2022SC 13D EDGAR
  18. Jun 21, 2022SC 13D/A EDGAR
  19. Jun 17, 20226-K EDGAR
  20. Apr 29, 2022SC 13D/A EDGAR

The 28 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How LAIX Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLAIX Inc.1
  • CIK0001742056
  • Filer statusNon-accelerated filer<br>emerging growth company1
  • Incorporated inCayman Islands1
  • Fiscal year endsDecember 311
  • Industry code (SIC)8200 Services-Educational Services1
  • Business addressBuilding C2, No. 1687 Changyang Road, Yangpu District, Shanghai, F4 2000901
  • Phone8621351171881
  • On EDGAR sinceJun 13, 20181
  • Filings102 in all: 6-K (39), SC 13G (11), SC 13D/A (6), CORRESP (5), SC 13G/A (5), 20-F (4), DRSLTR (4), UPLOAD (4)1
    All 25 form types

    DRS/A (3), SC 13D (3), EFFECT (2), F-1/A (2), SC 13E3/A (2), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-6 (1), F-6 POS (1), S-8 (1), S-8 POS (1), SC 13E3 (1)

  • Latest filingsAnnual report (20-F) Apr 26, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12