Coursera, Inc. (COUR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 19, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the COUR SEC filings page.
Coursera, Inc. (COUR) reported $885.4M in revenue over the twelve months to Jun 30, 2026, up 22.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is increasingly converting into cash as operating losses narrow, while balance-sheet liquidity becomes less abundant relative to liabilities.
Across the period, revenue rose19.1% while operating cash flow more than tripled to$108.7M , indicating cash conversion is improving faster than reported earnings. Because FY2025 net loss remained-$51M even as free cash flow reached$107.2M , cash generation is being helped by non-cash expenses and/or working-capital timing rather than accounting profitability.
Gross margin reached
Debt-to-equity moved from 0.5x to 0.6x, showing liabilities are growing faster than equity. Current ratio also eased to 2.5x, so improving cash generation has not prevented a gradual tightening in working-capital coverage.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Coursera, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Coursera, Inc. has an operating margin of -10.2%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 28/100. This is up from -16.3% the prior year.
Coursera, Inc.'s revenue grew 9.0% year-over-year to $757.5M, a solid pace of expansion. This earns a growth score of 63/100.
Coursera, Inc. has a moderate D/E ratio of 0.57. This balance of debt and equity financing earns a leverage score of 58/100.
With a current ratio of 2.51, Coursera, Inc. holds $2.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
Coursera, Inc. converts 14.1% of revenue into free cash flow ($107.2M). This strong cash generation earns a score of 71/100.
Coursera, Inc. posts a -8.0% return on equity (ROE), meaning it loses $8 for every $100 of shareholders' equity. This results in a returns score of 33/100. This is up from -13.3% the prior year.
Coursera, Inc. scores 2.07, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.3B) relative to total liabilities ($364.3M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Coursera, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Coursera, Inc. reported a net loss of $51.0M while generating $108.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Coursera, Inc. generated $298.6M in revenue in Q2 2026. This represents an increase of 59.6% from the same quarter a year earlier. Against the prior quarter it is up 52.6%.
Coursera, Inc.'s EBITDA was -$62.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 707.8% from the same quarter a year earlier. Against the prior quarter it is down 249.4%.
Coursera, Inc. reported -$80.4M in net income in Q2 2026. This represents a decrease of 930.8% from the same quarter a year earlier. Against the prior quarter it is down 292.2%.
Coursera, Inc. earned -$0.34 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 183.3%.
Cash & Balance Sheet
Coursera, Inc. recorded an outflow of $20.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 157.3% from the same quarter a year earlier. Against the prior quarter it is down 239.6%.
Coursera, Inc. held $871.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Coursera, Inc.'s gross margin was 58.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.
Coursera, Inc.'s operating margin was -28.4% in Q2 2026, reflecting core business profitability. This is down 20.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.4 percentage points.
Coursera, Inc.'s net profit margin was -26.9% in Q2 2026, showing the share of revenue converted to profit. This is down 22.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 16.4 percentage points.
Coursera, Inc.'s ROE was -6.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 5.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.7 percentage points.
Capital Allocation
Coursera, Inc. invested $43.7M in research and development in Q2 2026. This represents an increase of 49.1% from the same quarter a year earlier. Against the prior quarter it is up 39.6%.
Coursera, Inc. invested $300K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 50.0%.
Not reported for Q2 2026.
COUR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $298.6M+59.6% | $195.7M+9.1% | $196.9M+9.9% | $194.2M+10.3% | $187.1M+9.9% | $179.3M+6.0% | $179.2M+6.1% | $176.1M+6.4% |
| Cost of Revenue | $125.2M+48.3% | $87.1M+7.0% | $90.1M+7.6% | $88.2M+10.4% | $84.4M+5.4% | $81.4M+2.3% | $83.7M+5.2% | $79.9M-2.9% |
| Gross Profit | $173.4M+68.8% | $108.6M+10.9% | $106.8M+11.8% | $106.0M+10.2% | $102.7M+13.9% | $97.9M+9.4% | $95.5M+6.9% | $96.2M+15.5% |
| R&D Expenses | $43.7M+49.1% | $31.3M+6.1% | $32.8M+1.9% | $30.0M-5.1% | $29.3M-13.1% | $29.5M-14.7% | $32.2M-13.9% | $31.6M-16.0% |
| SG&A Expenses | $30.6M+22.9% | $33.3M+23.8% | $38.4M+43.3% | $24.2M-11.4% | $24.9M-15.9% | $26.9M+7.6% | $26.8M+19.7% | $27.3M+7.3% |
| Operating Income | -$84.7M-460.9% | -$25.3M-75.7% | -$32.3M-5.9% | -$15.6M+28.1% | -$15.1M+51.6% | -$14.4M+51.7% | -$30.5M-6.8% | -$21.7M+45.2% |
| EBITDA | -$62.2M-707.8% | -$17.8M-143.8% | -$25.3M-5.0% | -$8.3M+47.1% | -$7.7M+69.1% | -$7.3M+68.8% | -$24.1M-5.9% | -$15.7M+53.7% |
| Income Tax | $2.1M+162.5% | $1.4M-6.7% | $2.0M+187.0% | $800K-46.7% | $800K-20.0% | $1.5M+87.5% | -$2.3M-272.0% | $1.5M+44.5% |
| Net Income | -$80.4M-930.8% | -$20.5M-162.8% | -$26.8M-24.1% | -$8.6M+37.2% | -$7.8M+65.9% | -$7.8M+63.4% | -$21.6M-5.9% | -$13.7M+57.3% |
| EPS (Basic) | -$0.34-580.0% | -$0.12-140.0% | -$0.16-14.3% | -$0.05+44.4% | -$0.05+66.7% | -$0.05+64.3% | -$0.14-7.7% | -$0.09+57.1% |
| EPS (Diluted) | -$0.34 | -$0.12-140.0% | -$0.16-14.3% | -$0.05+44.4% | -$0.05+66.7% | -$0.05+64.3% | -$0.14-7.7% | -$0.09+57.1% |
| Diluted Shares (Avg) | 233M | 169M+5.0% | N/A | 165M+4.4% | 163M+4.0% | 161M+2.7% | N/A | 158M+4.5% |
Not reported in any period shown, so not listed: Interest Expense.
COUR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+98.8% | $1.0B+5.2% | $1.0B+7.5% | $995.3M+8.9% | $979.9M+8.4% | $951.2M+3.8% | $930.3M+1.1% | $914.1M0.0% |
| Current Assets | $1.2B+38.5% | $893.4M+4.6% | $898.1M+8.1% | $897.3M+9.3% | $881.9M+7.5% | $854.0M+2.5% | $830.7M-0.2% | $821.2M-1.0% |
| Cash & Equivalents | $871.7M+12.5% | $789.8M+5.6% | $792.6M+9.2% | $797.7M+10.9% | $775.1M+9.4% | $748.0M+3.1% | $726.1M+10.6% | $719.4M+41.9% |
| Short-Term Investments | $110.5M | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% |
| Accounts Receivable | $158.8M+136.3% | $60.0M+0.2% | $65.4M+9.5% | $58.7M+23.4% | $67.2M+16.4% | $59.9M+2.8% | $59.7M-11.4% | $47.6M-23.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $182.7M | N/A | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $780.8M+121.3% | $368.7M+8.2% | $364.3M+9.4% | $355.8M+10.9% | $352.9M+10.6% | $340.7M+10.9% | $332.9M+9.4% | $320.9M+6.6% |
| Current Liabilities | $768.1M+121.9% | $362.4M+8.3% | $357.9M+9.3% | $349.5M+11.0% | $346.2M+9.6% | $334.5M+10.5% | $327.5M+9.8% | $314.8M+6.5% |
| Non-Current Liabilities | $12.7M+89.6% | $6.3M+1.6% | $6.4M+18.5% | $6.3M+4.1% | $6.7M+103.9% | $6.2M+34.7% | $5.4M-11.2% | $6.0M+14.1% |
| Total Equity | $1.2B+86.1% | $631.8M+3.5% | $635.7M+6.4% | $639.5M+7.8% | $627.0M+7.1% | $610.5M+0.2% | $597.4M-3.1% | $593.3M-3.3% |
| Retained Earnings | -$1.0B-15.6% | -$931.7M-7.3% | -$911.2M-5.9% | -$884.4M-5.5% | -$875.8M-6.2% | -$868.0M-8.2% | -$860.2M-10.2% | -$838.6M-10.3% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
COUR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$19.8M-155.8% | $14.6M-56.4% | $5.8M-69.8% | $33.9M+21.5% | $35.5M+49.2% | $33.5M+36.7% | $19.2M+65.1% | $27.9M+41.3% |
| Depreciation & Amortization | $22.5M+204.1% | $7.5M+5.6% | $7.0M+9.4% | $7.3M+21.7% | $7.4M+17.5% | $7.1M+10.9% | $6.4M+10.4% | $6.0M+6.0% |
| Stock-Based Compensation | $39.6M+66.4% | $20.3M-16.1% | N/A | $23.0M-8.7% | $23.8M-20.7% | $24.2M-13.3% | N/A | $25.2M-9.5% |
| Capital Expenditures | $300K-25.0% | $200K-60.0% | $400K-63.6% | $200K0.0% | $400K+100.0% | $500K+400.0% | $1.1M+1386.5% | $200K-34.4% |
| Free Cash Flow | -$20.1M-157.3% | $14.4M-56.4% | $5.4M-70.2% | $33.7M+21.7% | $35.1M+48.7% | $33.0M+35.2% | $18.1M+56.6% | $27.7M+42.5% |
| Investing Cash Flow | $200.1M+3000.0% | -$11.6M-41.5% | -$7.8M+33.9% | -$7.3M+34.2% | -$6.9M-1.5% | -$8.2M-113.8% | -$11.8M-108.2% | -$11.1M-108.1% |
| Financing Cash Flow | -$96.7M-6346.7% | -$5.7M-14.0% | -$3.1M-342.9% | -$3.9M+30.4% | -$1.5M+95.5% | -$5.0M+66.7% | -$700K+89.4% | -$5.6M+54.9% |
| Share Buybacks | N/A | N/A | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Dividends Paid.
COUR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.1%+3.2pp | 55.5%+0.9pp | 54.2%+0.9pp | 54.6%-0.1pp | 54.9%+1.9pp | 54.6%+1.7pp | 53.3%+0.4pp | 54.6%+4.3pp |
| Operating Margin | -28.4%-20.3pp | -12.9%-4.9pp | -16.4%+0.6pp | -8.0%+4.3pp | -8.1%+10.3pp | -8.0%+9.6pp | -17.0%-0.1pp | -12.3%+11.6pp |
| Net Margin | -26.9%-22.8pp | -10.5%-6.1pp | -13.6%-1.6pp | -4.4%+3.3pp | -4.2%+9.3pp | -4.3%+8.3pp | -12.0%0.0pp | -7.8%+11.6pp |
| Return on Equity | -6.9%-5.7pp | -3.2%-2.0pp | -4.2%-0.6pp | -1.3%+1.0pp | -1.2%+2.7pp | -1.3%+2.2pp | -3.6%-0.3pp | -2.3%+2.9pp |
| Return on Assets | -4.1%-3.3pp | -2.1%-1.2pp | -2.7%-0.4pp | -0.9%+0.6pp | -0.8%+1.7pp | -0.8%+1.5pp | -2.3%-0.1pp | -1.5%+2.0pp |
| Current Ratio | 1.59-1.0x | 2.47-0.1x | 2.510.0x | 2.570.0x | 2.55-0.1x | 2.55-0.2x | 2.54-0.3x | 2.61-0.2x |
| Debt-to-Equity | 0.67+0.1x | 0.580.0x | 0.570.0x | 0.560.0x | 0.560.0x | 0.56+0.1x | 0.56+0.1x | 0.54+0.1x |
| Asset Turnover | 0.150.0x | 0.200.0x | 0.200.0x | 0.200.0x | 0.190.0x | 0.190.0x | 0.190.0x | 0.190.0x |
| FCF Margin | -6.7%-25.5pp | 7.4%-11.0pp | 2.7%-7.4pp | 17.3%+1.6pp | 18.8%+4.9pp | 18.4%+4.0pp | 10.1%+3.3pp | 15.7%+4.0pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Coursera, Inc. COUR | FY2025 | $757.5M | -$51.0M | -6.7% | $1.3B | 54/100 |
| Universal Technical Institute, Inc. UTI | FY2025 | $835.6M | $63.0M | 7.5% | $1.2B | 62/100 |
| Udemy, Inc. UDMY | FY2025 | $789.8M | $3.8M | 0.5% | $677.3M | 37/100 |
| Youdao, Inc. DAO | FY2025 | $845.0M | $13.9M | 1.6% | $1.8B | 19/100 |
| KinderCare Learning Companies, Inc. KLC | FY2025 | $2.7B | -$112.9M | -4.1% | $265.5M | 30/100 |
Where Coursera, Inc. Ranks
Frequently Asked Questions
What is Coursera, Inc.'s annual revenue?
Coursera, Inc. (COUR) reported $757.5M in total revenue for fiscal year 2025. This represents a 9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Coursera, Inc.'s revenue growing?
Coursera, Inc. (COUR) revenue grew by 9.0% year-over-year, from $694.7M to $757.5M in fiscal year 2025.
Is Coursera, Inc. profitable?
No, Coursera, Inc. (COUR) reported a net income of -$51.0M in fiscal year 2025, with a net profit margin of -6.7%.
What is Coursera, Inc.'s EBITDA?
Coursera, Inc. (COUR) had EBITDA of -$48.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Coursera, Inc.'s gross margin?
Coursera, Inc. (COUR) had a gross margin of 54.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Coursera, Inc.'s operating margin?
Coursera, Inc. (COUR) had an operating margin of -10.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Coursera, Inc.'s net profit margin?
Coursera, Inc. (COUR) had a net profit margin of -6.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Coursera, Inc.'s return on equity (ROE)?
Coursera, Inc. (COUR) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Coursera, Inc.'s free cash flow?
Coursera, Inc. (COUR) generated $107.2M in free cash flow during fiscal year 2025. This represents a 14.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Coursera, Inc.'s operating cash flow?
Coursera, Inc. (COUR) generated $108.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Coursera, Inc.'s total assets?
Coursera, Inc. (COUR) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Coursera, Inc.'s capital expenditures?
Coursera, Inc. (COUR) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Coursera, Inc. spend on research and development?
Coursera, Inc. (COUR) invested $121.6M in research and development during fiscal year 2025.
What is Coursera, Inc.'s current ratio?
Coursera, Inc. (COUR) had a current ratio of 2.51 as of fiscal year 2025, which is generally considered healthy.
What is Coursera, Inc.'s debt-to-equity ratio?
Coursera, Inc. (COUR) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Coursera, Inc.'s return on assets (ROA)?
Coursera, Inc. (COUR) had a return on assets of -5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Coursera, Inc.'s P/E ratio?
Coursera, Inc. (COUR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $1.3B as of Sep 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Coursera, Inc.'s price-to-sales ratio?
Coursera, Inc. (COUR) trades at 1.5x sales, its market capitalization divided by revenue of $885.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.3B as of Sep 19, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Coursera, Inc.'s Altman Z-Score?
Coursera, Inc. (COUR) has an Altman Z-Score of 2.07, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Coursera, Inc.'s Piotroski F-Score?
Coursera, Inc. (COUR) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Coursera, Inc.'s earnings high quality?
Coursera, Inc. (COUR) reported a net loss of $51.0M while generating $108.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Coursera, Inc.?
Coursera, Inc. (COUR) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.