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Financials · COUR

Coursera Inc. (COUR) financials

For the twelve months ended Sep 30, 2026, Coursera Inc. reported $1.07B of revenue and -$153.30M of net income.

Revenue, TTM
$1.07B
Revenue growth, YoY
+44.3%
Net income, TTM
-$153.30M
Net margin
-14.4%
Free cash flow, TTM
$14.90M
EPS, diluted, TTM
-$0.72
Cash
$670.60M
P/S
0.92
Market cap
$987.5M
Annual revenue$757.50M
FY2019FY2025
Annual net income-$51.00M
FY2019FY2025
Annual free cash flow$107.20M
FY2019FY2025

COUR revenue and earnings growth

COUR revenueQ3 2026$376.70M

Quarter YoY
+94.0%
QoQ
+26.2%
FY YoY
+9.0%
5Y CAGR
+20.9%

COUR revenue was $376.70M in fiscal Q3 2026 (ended Sep 30, 2026), up 94.0% from a year earlier and up 26.2% from the prior quarter. For the full fiscal 2025 it was $757.50M, up 9.0% from fiscal 2024. Compound annual growth was +20.9% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

COUR net incomeQ3 2026-$25.60M

COUR net income was -$25.60M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$8.60M a year earlier. For the full fiscal 2025 it was -$51.00M, compared with -$79.50M in fiscal 2024.

COUR EPSQ3 2026-$0.10

COUR diluted EPS was -$0.10 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$0.31, compared with -$0.51 in fiscal 2024.

COUR free cash flowQ3 2026$15.20M

Quarter YoY
-54.9%
FY YoY
+14.3%

COUR free cash flow was $15.20M in fiscal Q3 2026 (ended Sep 30, 2026), down 54.9% from a year earlier. For the full fiscal 2025 it was $107.20M, up 14.3% from fiscal 2024. Fiscal 2025 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$757.50M$694.70M$635.80M$523.76M$415.29M$293.51M$184.41M
Cost of revenue$344.10M$323.30M$306.00M$192.28M$165.82M$138.85M$89.59M
Gross profit$413.40M$371.40M$329.80M$331.48M$249.47M$154.66M$94.82M
Research and development$121.60M$132.10M$160.10M$165.13M$135.41M$76.78M$56.36M
Selling, general and admin$114.40M$108.70M$98.30M$105.90M$77.78M$37.22M$29.81M
Operating income-$77.40M-$113.20M-$145.60M-$177.38M-$143.06M-$66.58M-$48.39M
Interest expense----$0$12.0K$625.0K
Pre-tax income-$45.90M-$78.50M-$111.20M-$170.64M-$143.09M-$65.30M-$46.00M
Income tax$5.10M$1.00M$5.40M$4.72M$2.13M$1.51M$718.0K
Net income-$51.00M-$79.50M-$116.60M-$175.36M-$145.22M-$66.81M-$46.72M
EPS, basic-$0.31-$0.51-$0.77-$1.21-$1.28-$1.80-$1.45
EPS, diluted-$0.31-$0.51-$0.77-$1.21-$1.28-$1.80-$1.45
Diluted shares163.8M157.4M151.0M145.3M113.6M37.2M32.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$792.60M$728.40M$656.30M$322.90M$582.72M$82.43M$59.84M
Short-term investments$0$0$65.75M$459.65M$241.12M$205.40M-
Receivables$65.40M$59.70M$67.42M$53.73M$34.40M$40.72M-
Current assets$898.10M$830.70M$832.49M$875.99M$892.33M$355.07M-
Goodwill$0------
Total assets$1.00B$930.30M$920.53M$947.60M$958.91M$417.62M-
Current liabilities$357.90M$327.50M$298.26M$242.44M$201.12M$153.64M-
Total liabilities$364.30M$332.90M$304.34M$253.02M$217.40M$177.16M-
Shareholders' equity$635.70M$597.40M$616.20M$694.60M$741.51M-$221.82M-$187.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$108.70M$95.40M$29.70M-$38.05M$1.75M-$14.99M-$21.33M
Capital expenditures$1.50M$1.60M$1.10M$1.58M$1.55M$3.10M$4.41M
Free cash flow$107.20M$93.80M$28.60M-$39.63M$192.0K-$18.09M-$25.74M
Investing cash flow-$30.20M$29.90M$384.80M-$234.02M-$51.61M-$101.44M-$64.89M
Financing cash flow-$13.50M-$55.00M-$79.30M$12.23M$550.16M$139.01M$113.38M
Share repurchases$0$36.70M$58.50M$0$0--
Stock-based compensation$95.10M$108.10M$109.60M$110.78M$91.18M$16.81M$16.32M
Depreciation and amortization$28.80M$25.10M$22.30M$18.50M$14.76M$9.59M$5.28M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY9.0%9.3%21.4%26.1%41.5%59.2%-
Gross margin54.6%53.5%51.9%63.3%60.1%52.7%51.4%
Operating margin-10.2%-16.3%-22.9%-33.9%-34.4%-22.7%-26.2%
Net margin-6.7%-11.4%-18.3%-33.5%-35.0%-22.8%-25.3%
Free cash flow margin14.2%13.5%4.5%-7.6%0.0%-6.2%-14.0%
Return on equity-8.0%-13.3%-18.9%-25.2%-19.6%--
Return on assets-5.1%-8.5%-12.7%-18.5%-15.1%-16.0%-
Current ratio2.512.542.793.614.442.31-

Source: XBRL data Coursera Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

COUR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
COUR$1.07B+44.3%-$153.30M-14.4%$987.5M
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

COUR FAQ

9 questions
  • What is COUR revenue?
    Coursera Inc. (COUR) reported $1.07B of revenue for the twelve months ended Sep 30, 2026. That is up 44.3% from the year before. Revenue for fiscal 2025 was $757.50M.
  • Is COUR profitable?
    No. Coursera Inc. reported a net loss of $153.30M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does COUR have?
    Coursera Inc. reported $670.60M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is COUR revenue growing?
    Coursera Inc.'s revenue changed +9.0% in fiscal 2025, to $757.50M. Its compound annual growth rate was +20.9% over 5 years.
  • What is COUR gross margin?
    Coursera Inc.'s gross profit was $608.90M on $1.07B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 57.0%.
  • What is COUR free cash flow?
    Coursera Inc. generated $14.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $16.10M less capital expenditures.
  • What is COUR earnings per share?
    Diluted earnings per share were -$0.72 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did COUR last report financial results?
    The latest statements here come from Coursera Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this COUR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Coursera Inc. files with the SEC. It is provided for information only and is not investment advice.