Welcome to our dedicated page for Coursera SEC filings (Ticker: COUR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Coursera, Inc. (COUR) SEC filings page on Stock Titan brings together the company’s regulatory disclosures from the U.S. Securities and Exchange Commission, including current reports on Form 8-K and other key documents. As a New York Stock Exchange–listed Delaware public benefit corporation, Coursera uses these filings to report material events, financial results, governance updates, and details of significant transactions.
Investors can review Form 8-K filings that describe Coursera’s quarterly financial results, reaffirmed guidance, and the use of press releases and shareholder letters to present GAAP and non-GAAP metrics. Other 8-Ks outline executive transitions, such as changes in the Chief Financial Officer and principal accounting officer roles, and related compensation arrangements. These filings provide context on how Coursera manages its finance function and leadership continuity.
Regulatory filings also document strategic transactions. On December 17, 2025, Coursera filed an 8-K describing an Agreement and Plan of Merger with Udemy, Inc., under which a Coursera subsidiary will merge with Udemy, with Udemy becoming a wholly owned subsidiary of Coursera, subject to customary closing conditions and approvals. Additional 8-K items furnish the joint press release and investor presentation, and discuss voting agreements with significant stockholders and termination fee provisions.
Through Stock Titan, users can access Coursera’s 10-K and 10-Q references as cited in 8-K filings, as well as real-time updates as new forms are posted to EDGAR. AI-powered summaries help explain complex sections of filings, highlight items such as segment performance, non-GAAP reconciliations, and merger terms, and make it easier to understand how Coursera’s disclosures relate to its Consumer, Enterprise, and Degrees segments and its public benefit purpose.
Coursera reported first-quarter 2026 results showing solid revenue growth but lower profitability as it advances a planned merger with Udemy. Revenue rose 9% year over year to $195.7 million, driven by Consumer revenue of $129.5 million and Enterprise revenue of $66.2 million.
Gross profit increased to $108.6 million and gross margin edged up to 55.5%, helped by lower content cost rates. However, net loss widened to $20.5 million, mainly due to higher operating expenses, including $10.0 million of M&A transaction and integration costs related to the Udemy deal.
Coursera ended the quarter with $789.8 million in cash and cash equivalents and generated $14.6 million of operating cash flow and $3.0 million of free cash flow. Non‑GAAP net income was $12.4 million and Adjusted EBITDA was $13.5 million, both below the prior-year quarter.
Coursera, Inc. filed an amended annual report to update Part III with detailed information on directors, executive officers, governance, and executive compensation for 2025, plus refreshed cover-page data, including 169.3 million shares outstanding and a non-affiliate market value of about $1.2 billion.
The company highlights a strategy shift under new CEO Gregory Hart, including reorganizing into Consumer and Enterprise segments and agreeing to acquire Udemy via a merger. For 2025, Coursera reports revenue of $757 million, Consumer revenue of $502 million, Adjusted EBITDA of $63 million (8.4% margin), and a net loss of $51.0 million.
Operating cash flow reached $108 million and free cash flow $78 million, both growing double digits year over year. Executive pay programs were redesigned to emphasize pay-for-performance, with 2025 bonuses paying out at 106.3% of target and performance stock units paying out at 110.66% of target based on revenue. Beginning in 2026, performance-based equity rises to 50% of executive awards, and the new CEO’s package is 99% variable, heavily weighted to options and performance-based stock options tied to ambitious stock-price thresholds.
Coursera reported Q1 2026 revenue of $195.7 million, up 9% year over year, led by 10% growth in its Consumer segment. Consumer revenue reached $129.5 million, while Enterprise revenue rose 7% to $66.2 million.
GAAP net loss widened to $20.5 million, or a net loss margin of 10.5%, compared with a $7.8 million loss a year earlier. On a non-GAAP basis, Coursera generated net income of $12.4 million and Adjusted EBITDA of $13.5 million, a 6.9% margin, both down versus Q1 2025. Free Cash Flow declined to $3.0 million.
Gross profit improved 11% to $108.6 million, with gross margin expanding to 55.5%, helped by a new platform fee and greater use of Coursera-produced content. The company ended the quarter with about $790 million in cash and no debt, and 205 million total registered learners.
Coursera reaffirmed full-year 2026 guidance for revenue between $805 million and $815 million and Adjusted EBITDA between $70 million and $76 million, targeting an annual Adjusted EBITDA margin of roughly 9%. It also highlighted progress toward its planned all-stock merger with Udemy, which has shareholder approval and is expected to deliver about $115 million in annual run-rate cost synergies within 24 months of closing.
Coursera, Inc. reported that its stockholders approved key items needed to complete its planned acquisition of Udemy, Inc. At a special meeting, holders of 112,952,116 shares of Coursera common stock were represented out of 169,313,599 shares outstanding as of the record date, constituting a quorum.
Stockholders approved issuing Coursera common shares under the Merger Agreement, with 112,318,586 votes in favor, 273,944 against and 359,586 abstentions. They also adopted an amendment to Coursera’s charter to increase authorized common shares from 300,000,000 to 600,000,000, with 111,016,381 votes for, 1,581,645 against and 354,090 abstentions.
The proposal to adjourn the meeting was not needed because the main proposals passed. The Udemy merger remains subject to satisfaction of remaining closing conditions, including required approvals and other conditions described in the Merger Agreement and related disclosures.
Cardenas Alan B reported acquisition or exercise transactions in this Form 4 filing.
Coursera, Inc. granted SVP and General Counsel Alan B. Cardenas an award covering 20,000 shares of common stock on a restricted stock unit basis. These RSUs vest in four substantially equal quarterly installments beginning on May 15, 2026, conditioned on his continued service. Following this award, he directly holds 275,629 shares of Coursera common stock.
Modica Marcelo reported acquisition or exercise transactions in this Form 4 filing.
Coursera, Inc. reported that SVP and Chief People Officer Marcelo Modica received an award of 20,000 shares of Common Stock in the form of restricted stock units. These RSUs vest in four substantially equal quarterly installments beginning on May 15, 2026, subject to his continued service with the company through each vesting date. Following this grant, Modica directly holds 418,317 shares of Coursera common stock.
Coursera supplements merger disclosures and updates proxy materials for its proposed combination with Udemy. The company filed a Form 8-K to provide supplemental disclosures to the Joint Proxy Statement/Prospectus for the March 2026 Coursera–Udemy merger, including additional background on board processes, financial assumptions used by advisers, projected cash and net‑cash figures, valuation ranges, and certain projection methodologies. Coursera notes three complaints and several demand letters challenging the Merger’s disclosures and is providing the supplemental text "without admitting any culpability or wrongdoing" to address disclosure claims and avoid delay or distraction.
Coursera supplements merger disclosures and updates proxy materials for its proposed combination with Udemy. The company filed a Form 8-K to provide supplemental disclosures to the Joint Proxy Statement/Prospectus for the March 2026 Coursera–Udemy merger, including additional background on board processes, financial assumptions used by advisers, projected cash and net‑cash figures, valuation ranges, and certain projection methodologies. Coursera notes three complaints and several demand letters challenging the Merger’s disclosures and is providing the supplemental text "without admitting any culpability or wrongdoing" to address disclosure claims and avoid delay or distraction.
Udemy, Inc. and Coursera, Inc. are proceeding with a planned merger in which Udemy will become a wholly owned subsidiary of Coursera subject to customary conditions and stockholder votes scheduled for April 9, 2026. The companies have supplemented their joint proxy/prospectus with additional disclosures and disclosed three lawsuits and demand letters challenging the merger; both companies state they believe the claims lack merit and have provided targeted supplemental disclosures "without admitting any culpability, liability or wrongdoing" to address perceived disclosure deficiencies.
Coursera, Inc. is supplementing its joint proxy statement/prospectus for its planned all-stock merger with Udemy after three shareholder lawsuits and additional demand letters challenged the adequacy of merger disclosures. The companies deny any wrongdoing but are adding detailed background on negotiations, board deliberations and financial advisor analyses.
The new disclosures describe Coursera’s M&A committee formation, Udemy’s board review of alternatives, and Morgan Stanley and Qatalyst valuation work, including exchange-ratio ranges, cash positions and revenue-based valuation multiples. The filing reiterates extensive forward-looking risk factors and notes that special shareholder meetings for both companies are scheduled for April 9, 2026.
Coursera Inc received an amended Schedule 13G/A from The Vanguard Group reporting beneficial ownership of 0 shares of Common Stock, representing 0% of the class.
The filing explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538 causing certain Vanguard subsidiaries/divisions to report holdings separately.