Here are the 10-Q quarterly reports from Coursera, Inc. (COUR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow COUR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full COUR filings page.
Coursera, Inc. reported third-quarter 2026 revenue of $376.7 million, up 94% from $194.2 million a year earlier; $181.8 million related to the Udemy merger. Coursera completed the all-stock combination on May 11, 2026; each Udemy common share converted into the right to receive 0.800 Coursera shares, and Udemy became a wholly owned subsidiary.
Third-quarter GAAP net loss was $25.6 million, versus $8.6 million a year earlier. Non-GAAP net income was $57.1 million versus $16.7 million, and adjusted EBITDA was $61.5 million versus $15.6 million. Net cash provided by operating activities was $15.5 million versus $33.9 million.
During the quarter, Coursera repurchased 18.1 million shares for $101.6 million under a Rule 10b5-1 plan; $308.6 million remained under the program as of September 30, 2026. In July, it invested $100.0 million in related party LearnVector for 33.33% ownership on a fully diluted basis. Remaining performance obligations were $865.0 million as of September 30, with approximately 73% expected to be recognized over the next 12 months.
Coursera completed an all-stock merger with Udemy on May 11, 2026, issuing 116.6 million shares for total consideration of $673.6 million and recording $182.7 million of goodwill. Q2 revenue rose to $298.6 million, up 60% year over year, with Enterprise at $140.0 million and Consumer at $158.6 million.
Gross profit increased to $173.4 million, but large merger, integration, and severance costs of $79.8 million and higher operating expenses drove a GAAP net loss of $(80.4) million, while non-GAAP net income was $40.4 million and adjusted EBITDA was $42.7 million.
Cash, cash equivalents, and restricted cash reached $874.0 million, aided by $213.6 million acquired from Udemy, and deferred revenue rose to $501.4 million, supporting $919.8 million of remaining performance obligations. Coursera also began a $500 million share repurchase program and agreed to invest $100 million for a 33.33% stake in AI learning company LearnVector.
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. reported Q3 2025 results showing steady top-line growth and narrower losses. Revenue reached $194.2 million, up 10% from $176.1 million a year ago, as more Registered Learners and new Enterprise customers offset softer retention. Gross profit was $106.0 million, up from $96.2 million, with gross margin holding at 54.6%.
Profitability improved: net loss was $8.6 million versus $13.7 million a year ago, and basic/diluted net loss per share was $0.05 versus $0.09. The Consumer segment delivered $130.3 million of revenue and the Enterprise segment $63.9 million. Year‑to‑date, operating cash flow was $102.9 million. Cash and cash equivalents were $797.7 million as of September 30, 2025, supporting total assets of $995.3 million and stockholders’ equity of $639.5 million. Remaining performance obligations were $339.0 million, with approximately 70% expected to be recognized over the next 12 months. Shares outstanding were 166.2 million as of September 30, 2025 and 166.4 million as of October 23, 2025.