COUR

MKT CAP:$895M

Coursera, Inc.

Market Cap

$895M

Consumer Defensive·Education & Training Services·🇺🇸 United States·NYSE

Consumer Def.·Education·🇺🇸·NYSE

Stock Price

$5.80-$1.28 (-18.01%)

Apr 23, 2026

Company Details

Coursera, Inc. operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, healt...

CEO

Gregory Hart

IPO Date

Mar 31, 2021

Website

www.coursera.org

Key Metrics TTM

Revenue

$774M

+9.8% YoY

Net Income

-$64M

EPS (Diluted)

-$0.38

Free Cash Flow

$84M

Revenue / Share

$4.59

Gross Margin

54.8%

Operating Margin

-11.4%

Net Margin

-8.2%

FCF Margin

10.8%

P/S

1.2x

P/E

—

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$196M+9.1%EPS -$0.12

FY 2025

Feb 23, 2026

$758M+9.0%EPS -$0.31

Q4 2025

Feb 23, 2026

$197M+9.9%EPS -$0.16

Q3 2025

Oct 30, 2025

$194M+10.3%EPS -$0.05

Q2 2025

Jul 31, 2025

$187M+9.8%EPS -$0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$125M	$78M	-$48M
Q3 22	$136M	$88M	-$36M
Q4 22	$142M	$88M	-$56M
Q1 23	$148M	$77M	-$39M
Q2 23	$154M	$80M	-$38M
Q3 23	$166M	$83M	-$40M
Q4 23	$169M	$89M	-$29M
Q1 24	$169M	$90M	-$30M
Q2 24	$170M	$90M	-$31M
Q3 24	$176M	$96M	-$22M
Q4 24	$179M	$96M	-$30M
Q1 25	$179M	$98M	-$14M
Q2 25	$187M	$103M	-$15M
Q3 25	$194M	$106M	-$16M
Q4 25	$197M	$107M	-$32M
Q1 26	$196M	$109M	-$25M

Valuation

Quarter	P/S	P/E
Q2 22	4.7x	—
Q3 22	3.3x	—
Q4 22	3.7x	—
Q1 23	3.2x	—
Q2 23	3.4x	—
Q3 23	4.6x	—
Q4 23	4.7x	—
Q1 24	3.3x	—
Q2 24	1.6x	—
Q3 24	1.8x	—
Q4 24	1.9x	—
Q1 25	1.5x	—
Q2 25	2.0x	—
Q3 25	2.7x	—
Q4 25	1.6x	—
Q1 26	1.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$857.0K	-$3M
Q3 22	$5M	$1M
Q4 22	-$5M	-$8M
Q1 23	$5M	$2M
Q2 23	-$6M	-$12M
Q3 23	$20M	$16M
Q4 23	$12M	$8M
Q1 24	$24M	$18M
Q2 24	$24M	$17M
Q3 24	$28M	$23M
Q4 24	$19M	$14M
Q1 25	$34M	$33M
Q2 25	$36M	$35M
Q3 25	$34M	$34M
Q4 25	$6M	$600.0K
Q1 26	$15M	$14M

Capital Expenditures

Quarter	CapEx
Q2 22	$4M
Q3 22	$3M
Q4 22	$2M
Q1 23	$3M
Q2 23	$5M
Q3 23	$4M
Q4 23	$4M
Q1 24	$6M
Q2 24	$7M
Q3 24	$5M
Q4 24	$5M
Q1 25	$500.0K
Q2 25	$400.0K
Q3 25	$200.0K
Q4 25	$5M
Q1 26	$200.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+22.2%	+16.7%
Q3 22	+24.1%	+22.2%
Q4 22	+23.7%	+22.0%
Q1 23	+22.6%	+18.5%
Q2 23	+23.2%	+11.3%
Q3 23	+21.4%	+18.7%
Q4 23	+18.8%	-0.4%
Q1 24	+14.5%	+6.5%
Q2 24	+10.8%	+4.9%
Q3 24	+6.4%	-3.5%
Q4 24	+6.1%	+6.2%
Q1 25	+6.0%	-2.6%
Q2 25	+9.8%	+0.3%
Q3 25	+10.3%	+6.0%
Q4 25	+9.9%	+9.3%
Q1 26	+9.1%	+14.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$28M	22.0%
Q3 22	$26M	19.3%
Q4 22	$35M	24.6%
Q1 23	$25M	16.8%
Q2 23	$29M	19.1%
Q3 23	$28M	16.8%
Q4 23	$28M	16.4%
Q1 24	$28M	16.5%
Q2 24	$30M	17.6%
Q3 24	$25M	14.3%
Q4 24	$25M	13.9%
Q1 25	$24M	13.5%
Q2 25	$24M	12.7%
Q3 25	$23M	11.8%
Q4 25	$0	0.0%
Q1 26	$20M	10.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 22	$45M	$23M	$54M
Q3 22	$39M	$23M	$59M
Q4 22	$43M	$29M	$62M
Q1 23	$44M	$26M	$53M
Q2 23	$41M	$25M	$52M
Q3 23	$38M	$25M	$60M
Q4 23	$37M	$22M	$58M
Q1 24	$35M	$25M	$58M
Q2 24	$34M	$30M	$58M
Q3 24	$32M	$27M	$59M
Q4 24	$32M	$27M	$60M
Q1 25	$30M	$27M	$57M
Q2 25	$29M	$25M	$64M
Q3 25	$30M	$24M	$67M
Q4 25	$33M	$38M	$68M
Q1 26	$31M	$33M	$69M

Revenue Segments

Quarter	Consumer Segment	Degrees Segment	Enterprise Segment
Q2 22	$70M	$11M	$44M
Q3 22	$78M	$10M	$48M
Q4 22	$80M	$12M	$50M
Q1 23	$82M	$13M	$52M
Q2 23	$87M	$13M	$54M
Q3 23	$99M	$12M	$55M
Q4 23	$97M	$13M	$58M
Q1 24	$97M	$15M	$57M
Q2 24	$97M	$14M	$59M
Q3 24	$102M	$13M	$60M
Q4 24	$102M	$15M	$62M
Q1 25	$118M	—	$62M
Q2 25	$123M	—	$64M
Q3 25	$130M	—	$64M
Q4 25	$132M	—	$65M

Revenue by Geography

Quarter	Asia Pacific	Emea	Other	United States
Q2 22	$16M	$31M	$11M	$66M
Q3 22	$18M	$33M	$13M	$72M
Q4 22	$18M	$36M	$13M	$75M
Q1 23	$19M	$37M	$14M	$79M
Q2 23	$20M	$38M	$15M	$82M
Q3 23	$22M	$39M	$16M	$89M
Q4 23	$22M	$40M	$16M	$91M
Q1 24	$21M	$39M	$16M	$92M
Q2 24	$21M	$40M	$18M	$91M
Q3 24	$23M	$42M	$18M	$92M
Q4 24	$24M	$45M	$18M	$93M
Q1 25	$25M	$43M	$18M	$93M
Q2 25	$27M	$45M	$19M	$96M
Q3 25	$29M	$48M	$20M	$98M
Q4 25	$29M	$50M	$20M	$98M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$380M	$403M	$783M
Q3 22	$425M	$361M	$786M
Q4 22	$321M	$460M	$781M
Q1 23	$268M	$512M	$779M
Q2 23	$363M	$356M	$718M
Q3 23	$507M	$214M	$721M
Q4 23	$656M	$66M	$722M
Q1 24	$727M	$0	$727M
Q2 24	$710M	$0	$710M
Q3 24	$721M	$0	$721M
Q4 24	$728M	$0	$728M
Q1 25	$748M	$0	$748M
Q2 25	$775M	$0	$775M
Q3 25	$798M	$0	$798M
Q4 25	$793M	$0	$793M
Q1 26	$790M	$0	$790M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	145M	+1.2%	+9.8%
Q3 22	146M	+0.9%	+5.2%
Q4 22	147M	+0.8%	+4.3%
Q1 23	149M	+1.2%	+4.2%
Q2 23	150M	+0.9%	+3.8%
Q3 23	151M	+0.4%	+3.3%
Q4 23	154M	+1.9%	+4.4%
Q1 24	156M	+1.7%	+5.0%
Q2 24	156M	-0.1%	+4.0%
Q3 24	158M	+0.8%	+4.5%
Q4 24	159M	+1.0%	+3.6%
Q1 25	161M	+1.0%	+2.8%
Q2 25	163M	+1.1%	+4.0%
Q3 25	165M	+1.3%	+4.4%
Q4 25	167M	+1.6%	+5.0%
Q1 26	169M	+0.9%	+5.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$142.2K	1K
Q1 25	$142.3K	1K
Q2 25	$148.5K	1K
Q3 25	$154.1K	1K
Q4 25	$150.7K	1K
Q1 26	$149.7K	1K

Revenue / Employee