Coursera, Inc. COUR

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

Our mission is to provide universal access to world-class learning so that anyone, anywhere can transform their life through learning. We believe learning is a powerful source of human progress, transforming our world from illness to health, from poverty to prosperity, and from conflict to peace.

As a global platform, Coursera unites educators, learners, and institutions, serving approximately 197 million learners from over 230 countries and territories as of December 31, 2025. Our content is created by a world-class ecosystem of expert instructors, including more than 200 universities and 175 industry leaders, who have developed a broad catalog of content and credentials, ranging from entry-level industry microcredentials to university degrees. These offerings are distributed globally through our platform, making high-quality, affordable education more accessible around the world.

Last close 5.08 2026-10-23
Market cap $1.34B 2026-06-30 share count
52-week range 4.53 - 9.38

Valuation FY2025 figures against the last close

P/S1.8x
P/E—
P/FCF12.5x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.31

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe, Middle East, and Africa
  • Asia Pacific
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 384.7M (50.8%) 51% United States Europe, Middle East, and Africa, FY2025: 185.9M (24.5%) 25% Europe, Middle East, and Africa Asia Pacific, FY2025: 108.9M (14.4%) 14% Asia Pacific Other, FY2025: 78M (10.3%) 10% Other FY2024 United States, FY2024: 368.6M (53.1%) 53% Europe, Middle East, and Africa, FY2024: 166.3M (23.9%) 24% Asia Pacific, FY2024: 89.7M (12.9%) 13% Other, FY2024: 70.1M (10.1%) 10% FY2023 United States, FY2023: 340.7M (53.6%) 54% Europe, Middle East, and Africa, FY2023: 153.1M (24.1%) 24% Asia Pacific, FY2023: 82.3M (12.9%) 13% Other, FY2023: 59.7M (9.4%) 9%
Region FY2025FY2024FY2023
United States $384.7M $368.6M $340.7M
Europe, Middle East, and Africa $185.9M $166.3M $153.1M
Asia Pacific $108.9M $89.7M $82.3M
Other $78.0M $70.1M $59.7M

As the company reported it, from the “SEGMENT AND GEOGRAPHIC INFORMATION - Summary of Revenue By Region Based On Billing Address (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Consumer
  • Enterprise
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Consumer, FY2025: 502.2M (66.3%) 66% Consumer Enterprise, FY2025: 255.3M (33.7%) 34% Enterprise FY2024 Consumer, FY2024: 455.8M (65.6%) 66% Enterprise, FY2024: 238.9M (34.4%) 34% FY2023 Consumer, FY2023: 416.2M (65.5%) 65% Enterprise, FY2023: 219.6M (34.5%) 35%
Segment FY2025FY2024FY2023
Consumer $502.2M $455.8M $416.2M
Enterprise $255.3M $238.9M $219.6M

As the company reported it, from the “SEGMENT AND GEOGRAPHIC INFORMATION - Segment Results of Operations (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $757.5M$694.7M$635.8M$523.8M$415.3M$293.5M$184.4M—
Cost of revenue $344.1M$323.3M$306.0M$192.3M$165.8M$138.8M$89.6M—
Gross profit $413.4M$371.4M$329.8M$331.5M$249.5M$154.7M$94.8M—
R&D $121.6M$132.1M$160.1M$165.1M$135.4M$76.8M$56.4M—
SG&A $114.4M$108.7M$98.3M$105.9M$77.8M$37.2M$29.8M—
Total operating expenses $490.8M$484.6M$475.4M$508.9M$392.5M$221.2M$143.2M—
Operating income -$77.4M-$113.2M-$145.6M-$177.4M-$143.1M-$66.6M-$48.4M—
Interest expense ————$0$12.0K$625.0K—
Pre-tax income -$45.9M-$78.5M-$111.2M-$170.6M-$143.1M-$65.3M-$46.0M—
Income tax $5.1M$1.0M$5.4M$4.7M$2.1M$1.5M$718.0K—
Net income -$51.0M-$79.5M-$116.6M-$175.4M-$145.2M-$66.8M-$46.7M—
EPS, basic -0.31-0.51-0.77-1.21-1.28-1.80——
EPS, diluted -0.31-0.51-0.77-1.21-1.28-1.80-1.45—
Shares, diluted (wtd. avg.) 163.8M157.4M151.0M145.3M113.6M37.2M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $792.6M$726.1M$656.3M$322.9M$582.7M$82.4M$59.8M$32.7M
Short-term investments —$0$65.7M$459.7M$241.1M$205.4M——
Receivables $65.4M$59.7M$67.4M$53.7M$34.4M$40.7M——
Total current assets $898.1M$830.7M$832.5M$876.0M$892.3M$355.1M——
Property, plant and equipment $43.4M$36.9M$30.4M$27.1M$24.7M$18.6M——
Other intangibles $27.1M$24.5M$11.7M$8.6M$10.1M$10.6M——
Total assets $1.00B$930.3M$920.5M$947.6M$958.9M$417.6M——
Total current liabilities $357.9M$327.5M$298.3M$242.4M$201.1M$153.6M——
Total liabilities $364.3M$332.9M$304.3M$253.0M$217.4M$177.2M——
Retained earnings -$911.2M-$860.2M-$780.7M-$664.1M-$488.8M-$343.6M——
Total equity $635.7M$597.4M$616.2M$694.6M$741.5M-$221.8M-$187.0M-$177.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $108.7M$95.4M$29.7M-$38.1M$1.7M-$15.0M-$21.3M—
Depreciation and amortisation $28.8M$25.1M$22.3M$18.5M$14.8M$9.6M$5.3M—
Stock-based compensation $95.1M$108.1M$109.6M$110.8M$91.2M$16.8M$16.3M—
Capital expenditure $1.5M$1.6M$1.1M$1.6M$1.6M$3.1M$4.4M—
Investing cash flow -$30.2M$29.9M$384.8M-$234.0M-$51.6M-$101.4M-$64.9M—
Financing cash flow -$13.5M-$55.0M-$79.3M$12.2M$550.2M$139.0M$113.4M—
Buybacks $0$36.7M$58.5M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001651562-26-000036.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M 1B Revenue, FY2019: 184.4M Gross profit, FY2019: 94.8M Net income, FY2019: -46.7M Revenue, FY2020: 293.5M Gross profit, FY2020: 154.7M Net income, FY2020: -66.8M Revenue, FY2021: 415.3M Gross profit, FY2021: 249.5M Net income, FY2021: -145.2M Revenue, FY2022: 523.8M Gross profit, FY2022: 331.5M Net income, FY2022: -175.4M Revenue, FY2023: 635.8M Gross profit, FY2023: 329.8M Net income, FY2023: -116.6M Revenue, FY2024: 694.7M Gross profit, FY2024: 371.4M Net income, FY2024: -79.5M Revenue, FY2025: 757.5M Gross profit, FY2025: 413.4M Net income, FY2025: -51M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $184.4M $293.5M $415.3M $523.8M $635.8M $694.7M $757.5M
Gross profit — $94.8M $154.7M $249.5M $331.5M $329.8M $371.4M $413.4M
Net income — -$46.7M -$66.8M -$145.2M -$175.4M -$116.6M -$79.5M -$51.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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