10-K · April 30, 2026
Coursera, Inc.'s 10-K filing for 2025 shows a strategic shift towards a simplified operating model, resulting in 2025 revenue of $757.5 million, driven primarily by the Consumer segment's 10% year-on-year growth. While…
Earnings analysis · 10-Q
COUR earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Coursera, Inc. reported strong year-over-year revenue growth of 9%, reaching $195.7 million, with notable increases in the Consumer and Enterprise segments. However, the company also saw a wider net loss of $20.5…
Read full summary
Coursera, Inc. reported strong year-over-year revenue growth of 9%, reaching $195.7 million, with notable increases in the Consumer and Enterprise segments. However, the company also saw a wider net loss of $20.5 million compared to $7.8 million a year ago, with plans to focus on integrating its recent merger with Udemy. The management highlighted ongoing investments in innovation and platform improvements as key strategies moving forward.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.07
- Gross margin
- 55.5%
- Segment
- Consumer
- Segment
- Enterprise
What stood out
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Revenue Up 9% Year-over-Year
Total revenue reached $195.7 million, up from $179.3 million in Q1 2025.
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Gross Margin Improved
Gross margin increased to 55.5%, compared to 54.6% in the same quarter last year.
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Positive EPS Surprise
Reported EPS was $0.07, exceeding the estimated EPS of $0.05.
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Consumer Segment Growth
Consumer revenue rose by 10% to $129.5 million, largely from Coursera Plus subscriptions.
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Enterprise Revenue Growth
Enterprise revenue increased 7% to $66.2 million due to new customer acquisition.
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Strategic Merger with Udemy
Merger with Udemy is expected to enhance growth profiles and unlock synergies.
What to watch
-
Wider Net Loss
Net loss for the quarter increased to $(20.5) million from $(7.8) million YoY.
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Decreased Operating Cash Flow
Operating cash flow decreased to $14.6 million from $33.5 million a year ago.
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Integration Costs from Merger with Udemy
Expect significant expenses associated with the merger, including $11.1 million in transaction costs.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · February 23, 2026
Coursera reported continued top-line growth and engagement in 2025 (approximately $757M in quarterly revenue sum and ~197 million registered learners as of December 31, 2025) while investing in AI-enabled products…
10-Q · July 31, 2025
Coursera reported quarter revenue of $187.1 million (up from $170.3M a year ago) with gross profit of $102.7 million and a material improvement in operating loss. Cash and deferred revenue balances strengthened, and…
10-Q · May 1, 2025
Coursera posted revenue of $179.3M for Q1 2025, up from $169.1M in Q1 2024, with gross margin expanding to 54.6% and operating loss narrowing to $14.4M (‑8.0% of revenue). Net loss per share improved to $(0.05) from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.