Results · Education & Skilling

Leverage Edu posts Rs 106 Cr loss on revenue growth

By Startup Enthusiast · 14 February 2026

What they do

Leverage Edu provides counseling, admissions and financing for students targeting universities in the UK, US, Germany, Canada and Dubai

The company reported a net loss of Rs 106 Cr on revenue of Rs 173 Cr for FY25, with student placement services driving most income

High advertising and agent commissions caused total expenditure to rise 73%, resulting in negative unit economics where costs exceeded earnings

Leverage Edu reported a net loss of Rs 106 Cr for the fiscal year ending March 2025.
Revenue from operations grew 91% year-on-year to reach Rs 173 Cr during the same period.
Total expenditure surged by 73% to Rs 280 Cr, significantly outpacing revenue growth.
The company recorded an EBITDA loss of Rs 83 Cr with a margin of -47.4%.
Unit economics showed the firm spent Rs 1.62 to earn every Rs 1 of revenue.
Return on capital employed (ROCE) stood at -204.35% as of the reporting date.
Current assets totaled Rs 126 Cr, including Rs 34 Cr in cash and bank balances.
Geographic revenue split shifted to 76% India and 24% International compared to previous years.

Rapid expansion led to high customer acquisition costs through advertising and selling agent commissions.
Advertising spend increased 2.2 times while commission expenses rose 2.6 times year-on-year.
The business model relies heavily on volume growth to offset significant operational losses.
Investors face challenges as profitability metrics remain deeply negative despite top-line growth.
Financial results highlight the difficulty of scaling international education services profitably.

The company offers counseling and admissions support for students seeking international education opportunities.
Student placement services generated Rs 120.6 Cr, accounting for 70% of total operating revenue.
Placement service revenue grew 65% year-on-year driven by increased student enrollments.
The Fly business provides financial services and doubled its revenue to Rs 29.7 Cr.
Product sales contributed Rs 21.2 Cr to the total income mix for the fiscal year.
Other operating and non-operating income added Rs 4.9 Cr to the bottom line.
Target markets include universities in the UK, US, Germany, Canada and Dubai.
Employee benefits expense reached Rs 64 Cr, representing 23% of total expenditures.
The company was established in 2017 by founder Akshay Chaturvedi.