NYSE : COUR
Coursera, Inc. — Financial statements
Consumer Staples · Education & Training Services · United States
Last price 4.66 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.23B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Coursera, Inc. (COUR) reported revenue of 1.07B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.07B | 757.50M | 694.70M | 635.80M | 523.76M | 415.29M |
| Cost of Revenue | 458.90M | 344.10M | 323.30M | 305.90M | 192.25M | 165.75M |
| Gross Profit | 609.00M | 413.40M | 371.40M | 329.90M | 331.51M | 249.53M |
| Selling, General & Admin | 487.70M | 358.20M | 340.20M | 321.10M | 327.45M | 257.12M |
| Research & Development | 159.90M | 121.60M | 132.10M | 160.10M | 165.13M | 135.41M |
| Other Operating Expenses | 100.00K | 100.00K | 28.00K | 64.00K | ||
| Operating Expenses | 647.70M | 479.80M | 472.30M | 481.30M | 492.61M | 392.60M |
| Operating Income | -38.70M | -66.40M | -100.90M | -151.40M | -161.11M | -143.06M |
| Interest & Investment Income | 29.50M | 32.00M | 36.70M | 34.40M | 9.14M | 320.00K |
| Currency Exchange Gain (Loss) | -500.00K | -500.00K | -1.00M | -2.40M | -346.00K | |
| EBT Excluding Unusual Items | -12.70M | -34.90M | -65.20M | -117.00M | -154.36M | -143.09M |
| Merger & Restructuring Charges | -132.50M | -11.00M | -12.30M | 5.80M | -10.15M | |
| Gain (Loss) on Sale of Investments | -1.00M | |||||
| Asset Writedown | -6.12M | |||||
| Pretax Income | -145.20M | -45.90M | -78.50M | -111.20M | -170.64M | -143.09M |
| Income Tax Expense | 8.10M | 5.10M | 1.00M | 5.40M | 4.72M | 2.13M |
| Net Income | -153.30M | -51.00M | -79.50M | -116.60M | -175.36M | -145.22M |
| Net Income to Common | -153.30M | -51.00M | -79.50M | -116.60M | -175.36M | -145.22M |
| Shares Outstanding (Basic) | 208.80M | 163.80M | 157.40M | 151.00M | 145.26M | 113.59M |
| Shares Outstanding (Diluted) | 208.80M | 163.80M | 157.40M | 151.00M | 145.26M | 113.59M |
| EPS (Basic) | -0.73 | -0.31 | -0.51 | -0.77 | -1.21 | -1.28 |
| EPS (Diluted) | -0.73 | -0.31 | -0.51 | -0.77 | -1.21 | -1.28 |
| Free Cash Flow | 14.90M | 107.20M | 93.80M | 28.60M | -39.63M | 192.00K |
| Free Cash Flow Per Share | 0.07 | 0.65 | 0.60 | 0.19 | -0.27 | 0.00 |
| Gross Margin | 57.03% | 54.57% | 53.46% | 51.89% | 63.29% | 60.09% |
| Operating Margin | -3.62% | -8.77% | -14.52% | -23.81% | -30.76% | -34.45% |
| Profit Margin | -14.36% | -6.73% | -11.44% | -18.34% | -33.48% | -34.97% |
| Free Cash Flow Margin | 1.40% | 14.15% | 13.50% | 4.50% | -7.57% | 0.05% |
| EBITDA | 14.40M | -56.10M | -93.60M | -146.00M | -155.73M | -138.04M |
| EBITDA Margin | 1.35% | -7.41% | -13.47% | -22.96% | -29.73% | -33.24% |
| D&A For EBITDA | 53.10M | 10.30M | 7.30M | 5.40M | 5.38M | 5.02M |
| EBIT | -38.70M | -66.40M | -100.90M | -151.40M | -161.11M | -143.06M |
| EBIT Margin | -3.62% | -8.77% | -14.52% | -23.81% | -30.76% | -34.45% |
| Advertising Expenses | 106.50M | 62.40M | 44.80M | 39.94M | 28.74M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 670.60M | 792.60M | 726.10M | 656.32M | 320.82M | 580.66M |
| Short-Term Investments | 104.90M | 65.75M | 459.65M | 241.12M | ||
| Cash & Short-Term Investments | 775.50M | 792.60M | 726.10M | 722.07M | 780.47M | 821.77M |
| Receivables | 140.00M | 65.40M | 59.70M | 67.42M | 53.73M | 34.40M |
| Prepaid Expenses | 52.90M | 20.50M | 18.60M | 16.61M | 17.15M | 16.49M |
| Restricted Cash | 1.60M | 487.00K | ||||
| Other Current Assets | 32.20M | 19.60M | 24.70M | 26.39M | 24.15M | 19.67M |
| Total Current Assets | 1.00B | 898.10M | 830.70M | 832.49M | 875.99M | 892.33M |
| Property, Plant & Equipment | 57.10M | 43.40M | 36.90M | 35.15M | 36.70M | 41.05M |
| Long-Term Investments | 110.00M | 1.70M | 1.70M | |||
| Other Intangible Assets | 410.30M | 27.10M | 24.50M | 11.72M | 8.55M | 10.09M |
| Long-Term Deferred Charges | 11.90M | 14.60M | 15.36M | 10.43M | 9.76M | |
| Other Long-Term Assets | 44.70M | 17.80M | 21.90M | 25.82M | 15.93M | 5.68M |
| Total Assets | 1.81B | 1.00B | 930.30M | 920.53M | 947.60M | 958.91M |
| Accounts Payable | 63.10M | 29.80M | 19.20M | 23.46M | 23.34M | 23.26M |
| Accrued Expenses | 56.90M | 36.70M | 31.60M | 22.28M | 21.16M | 18.35M |
| Current Portion of Leases | 1.80M | 6.56M | 8.66M | 8.03M | ||
| Current Unearned Revenue | 458.50M | 180.90M | 159.70M | 137.23M | 115.70M | 94.64M |
| Other Current Liabilities | 149.90M | 108.70M | 117.00M | 108.74M | 73.58M | 56.84M |
| Total Current Liabilities | 728.40M | 357.90M | 327.50M | 298.26M | 242.44M | 201.12M |
| Long-Term Leases | 16.50M | 3.90M | 39.00K | 5.79M | 11.86M | |
| Long-Term Unearned Revenue | 3.20M | 1.40M | 1.60M | 2.86M | 3.08M | 3.85M |
| Other Long-Term Liabilities | 1.10M | 3.80M | 3.18M | 1.71M | 559.00K | |
| Total Liabilities | 748.10M | 364.30M | 332.90M | 304.34M | 253.02M | 217.40M |
| Common Stock | 2.00K | 1.00K | 1.00K | |||
| Additional Paid-In Capital | 2.10B | 1.55B | 1.51B | 1.46B | 1.36B | 1.24B |
| Retained Earnings | -1.04B | -911.20M | -860.20M | -780.68M | -664.12M | -488.77M |
| Treasury Stock | -49.10M | -63.15M | -4.70M | -4.70M | ||
| Comprehensive Income & Other | 59.00K | -718.00K | -252.00K | |||
| Total Common Equity | 1.06B | 635.70M | 597.40M | 616.19M | 694.58M | 741.51M |
| Shareholders' Equity | 1.06B | 635.70M | 597.40M | 616.19M | 694.58M | 741.51M |
| Total Liabilities & Equity | 1.81B | 1.00B | 930.30M | 920.53M | 947.60M | 958.91M |
| Total Debt | 16.50M | 5.70M | 6.60M | 14.45M | 19.89M | |
| Net Cash (Debt) | 759.00M | 786.90M | 726.10M | 715.47M | 766.02M | 801.88M |
| Net Cash Per Share | 3.64 | 4.80 | 4.61 | 4.74 | 5.27 | 7.06 |
| Filing Date Shares Outstanding | 264.70M | 168.20M | 160.21M | 156.95M | 149.65M | 140.55M |
| Total Common Shares Outstanding | 264.70M | 167.90M | 160.07M | 155.32M | 147.94M | 139.16M |
| Working Capital | 272.20M | 540.20M | 503.20M | 534.23M | 633.55M | 691.21M |
| Book Value Per Share | 3.99 | 3.79 | 3.73 | 3.97 | 4.70 | 5.33 |
| Tangible Book Value | 464.30M | 608.60M | 572.90M | 604.47M | 686.02M | 731.42M |
| Tangible Book Value Per Share | 1.75 | 3.62 | 3.58 | 3.89 | 4.64 | 5.26 |
| Machinery | 3.60M | 5.20M | 7.16M | 7.38M | 7.21M | |
| Leasehold Improvements | 1.10M | 700.00K | 6.92M | 6.57M | 7.12M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -153.30M | -51.00M | -79.50M | -116.60M | -175.36M | -145.22M |
| Depreciation & Amortization | 53.10M | 10.30M | 7.30M | 5.40M | 5.38M | 5.02M |
| Other Amortization | 18.50M | 18.50M | 17.80M | 16.90M | 13.13M | 9.68M |
| Asset Writedown & Restructuring Costs | 3.60M | 3.70M | 2.20M | 3.10M | 6.12M | 60.00K |
| Loss (Gain) From Sale of Investments | -895.00K | 501.00K | ||||
| Stock-Based Compensation | 107.10M | 95.10M | 108.10M | 109.60M | 110.78M | 91.18M |
| Other Operating Activities | 1.50M | -300.00K | 600.00K | -12.30M | 1.09M | -448.00K |
| Change in Accounts Receivable | 15.30M | -5.70M | 7.20M | -14.80M | -20.60M | 5.86M |
| Change in Accounts Payable | 8.60M | 8.00M | -2.30M | 34.00M | 17.89M | 16.32M |
| Change in Unearned Revenue | -31.90M | 21.00M | 21.20M | 21.30M | 20.29M | 17.84M |
| Change in Other Net Operating Assets | -6.40M | 9.10M | 12.80M | -16.90M | -15.88M | 938.00K |
| Operating Cash Flow | 16.10M | 108.70M | 95.40M | 29.70M | -38.05M | 1.75M |
| Capital Expenditures | -1.20M | -1.50M | -1.60M | -1.10M | -1.58M | -1.55M |
| Cash Acquisitions | 213.60M | |||||
| Sale (Purchase) of Intangibles | -41.90M | -28.70M | -34.50M | -20.60M | -13.68M | -13.28M |
| Investment in Securities | -95.40M | 66.00M | 406.50M | -218.77M | -36.78M | |
| Investing Cash Flow | 75.10M | -30.20M | 29.90M | 384.80M | -234.02M | -51.61M |
| Issuance of Common Stock | 6.10M | 14.10M | 15.00M | 33.30M | 24.41M | 563.45M |
| Repurchase of Common Stock | -222.30M | -27.60M | -70.00M | -112.60M | -11.89M | -7.17M |
| Other Financing Activities | -295.00K | -6.12M | ||||
| Financing Cash Flow | -216.20M | -13.50M | -55.00M | -79.30M | 12.23M | 550.16M |
| Net Cash Flow | -125.40M | 65.00M | 70.30M | 335.20M | -259.84M | 500.29M |
| Free Cash Flow | 14.90M | 107.20M | 93.80M | 28.60M | -39.63M | 192.00K |
| Free Cash Flow Margin | 1.40% | 14.15% | 13.50% | 4.50% | -7.57% | 0.05% |
| Free Cash Flow Per Share | 0.07 | 0.65 | 0.60 | 0.19 | -0.27 | 0.00 |
| Levered Free Cash Flow | 364.81M | 79.90M | 75.65M | 58.59M | 29.07M | 48.24M |
| Unlevered Free Cash Flow | 364.81M | 79.90M | 75.65M | 58.59M | 29.07M | 48.24M |
| Cash Income Tax Paid | 6.00M | 6.00M | 5.30M | 6.40M | 4.06M | 2.84M |
| Change in Working Capital | -14.40M | 32.40M | 38.90M | 23.60M | 1.70M | 40.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 917.47M | 1.24B | 1.35B | 2.95B | 1.73B | 3.37B |
| Enterprise Value | 158.47M | 442.81M | 630.69M | 2.24B | 963.73M | 2.57B |
| Last Close Price | 3.47 | 7.36 | 8.50 | 19.37 | 11.83 | 24.44 |
| Forward PE | 5.50 | 18.30 | 28.69 | |||
| PS Ratio | 0.86 | 1.63 | 1.94 | 4.65 | 3.31 | 8.11 |
| PB Ratio | 0.87 | 1.94 | 2.25 | 4.79 | 2.50 | 4.54 |
| P/TBV Ratio | 1.98 | 2.03 | 2.35 | 4.89 | 2.53 | 4.61 |
| P/FCF Ratio | 61.58 | 11.53 | 14.35 | 103.32 | 17,546.11 | |
| P/OCF Ratio | 56.99 | 11.37 | 14.11 | 99.49 | 1,929.47 | |
| PEG Ratio | 0.28 | 1.33 | 0.13 | |||
| EV/Sales Ratio | 0.15 | 0.58 | 0.91 | 3.53 | 1.84 | 6.20 |
| EV/FCF Ratio | 10.64 | 4.13 | 6.72 | 78.40 | 13,407.19 | |
| Debt / Equity Ratio | 0.02 | 0.01 | 0.01 | 0.02 | 0.03 | |
| Debt / FCF Ratio | 1.11 | 0.05 | 0.23 | 103.62 | ||
| Net Debt / Equity Ratio | -0.72 | -1.24 | -1.22 | -1.16 | -1.10 | -1.08 |
| Net Debt / EBITDA Ratio | -52.71 | 14.03 | 7.76 | 4.90 | 4.92 | 5.81 |
| Net Debt / FCF Ratio | -50.94 | -7.34 | -7.74 | -25.02 | 19.33 | -4,176.46 |
| Asset Turnover | 0.76 | 0.79 | 0.75 | 0.68 | 0.55 | 0.60 |
| Quick Ratio | 1.26 | 2.40 | 2.40 | 2.65 | 3.44 | 4.26 |
| Current Ratio | 1.37 | 2.51 | 2.54 | 2.79 | 3.61 | 4.44 |
| Return on Equity (ROE) | -18.07% | -8.27% | -13.10% | -17.79% | -24.42% | -29.58% |
| Return on Assets (ROA) | -1.73% | -4.30% | -6.81% | -10.13% | -10.56% | -12.99% |
| Return on Capital Employed (ROCE) | -3.60% | -10.30% | -16.70% | -24.30% | -22.80% | -18.90% |
| Earnings Yield | -21.16% | -4.13% | -5.91% | -3.95% | -10.11% | -4.31% |
| FCF Yield | 1.62% | 8.67% | 6.97% | 0.97% | -2.28% | 0.01% |
| Buyback Yield / Dilution | -29.11% | -4.07% | -4.24% | -3.95% | -27.89% | -205.28% |