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Coursera, Inc. operates an online learning platform that provides education and skills training in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through Consumer and Enterprise segments. The company offers guided projects, courses, and specializations; online bachelor's and master's degrees; postgraduate diplomas; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack programs in the domains of business, computer science, technology, and data science through Coursera.org for Individuals, Coursera Plus, Coursera for Enterprise, Coursera for Business, Coursera for Campus, and Coursera for Government. It offers its products to individuals, businesses, institutions, employers, colleges and universities, organizations, and governments. The company was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. Coursera, Inc. was incorporated in 2011 and is headquartered in Mountain View, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $758M | $-50M | $-51M | $89M | -8.0% | 9.0% | -35.8% |
| 2024 | $695M | $-79M | $-80M | $77M | -13.3% | 9.3% | -31.8% |
| 2023 | $636M | $-129M | $-117M | $13M | -18.9% | 21.4% | -33.5% |
| 2022 | $524M | $-149M | $-175M | $-52M | -25.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 523.76 | 635.80 | 694.70 | 757.50 |
| Operating Revenue | - | 523.76 | 635.80 | 694.70 | 757.50 |
| Cost Of Revenue | - | 192.28 | 306 | 323.30 | 344.10 |
| Gross Profit | - | 331.48 | 329.80 | 371.40 | 413.40 |
| Operating Expense | - | 498.71 | 481.20 | 475.70 | 491.70 |
| Research And Development | - | 165.13 | 160.10 | 132.10 | 121.60 |
| Selling General And Administration | - | 333.58 | 321.10 | 343.60 | 370.10 |
| Total Expenses | - | 690.99 | 787.20 | 799 | 835.80 |
| Operating Income | - | -167.23 | -151.40 | -104.30 | -78.30 |
| Total Operating Income As Reported | - | -177.38 | -145.60 | -113.20 | -77.40 |
| EBITDA | - | -148.73 | -129.10 | -79.20 | -49.50 |
| Normalized EBITDA | - | -138.58 | -134.90 | -70.30 | -50.40 |
| EBIT | - | -167.23 | -151.40 | -104.30 | -78.30 |
| Interest Income | - | 9.14 | 34.40 | 36.70 | 32 |
| Interest Expense | 0 | - | - | - | - |
| Net Interest Income | - | 9.14 | 34.40 | 36.70 | 32 |
| Other Non Operating Income Expenses | - | -2.40 | -0.02 | -2 | -0.50 |
| Other Income Expense | - | -12.55 | 5.80 | -10.90 | 0.40 |
| Interest Income Non Operating | - | 9.14 | 34.40 | 36.70 | 32 |
| Interest Expense Non Operating | 0 | - | - | - | - |
| Net Non Operating Interest Income Expense | - | 9.14 | 34.40 | 36.70 | 32 |
| Pretax Income | - | -170.64 | -111.20 | -78.50 | -45.90 |
| Tax Provision | - | 4.72 | 5.40 | 1 | 5.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.13 | 1.22 | -1.87 | 0.19 |
| Net Income Continuous Operations | - | -175.36 | -116.60 | -79.50 | -51 |
| Net Income From Continuing And Discontinued Operation | - | -175.36 | -116.60 | -79.50 | -51 |
| Net Income From Continuing Operation Net Minority Interest | - | -175.36 | -116.60 | -79.50 | -51 |
| Net Income | - | -175.36 | -116.60 | -79.50 | -51 |
| Net Income Common Stockholders | - | -175.36 | -116.60 | -79.50 | -51 |
| Net Income Including Noncontrolling Interests | - | -175.36 | -116.60 | -79.50 | -51 |
| Normalized Income | - | -167.34 | -121.18 | -72.47 | -51.71 |
| Diluted NI Availto Com Stockholders | - | -175.36 | -116.60 | -79.50 | -51 |
| Basic Average Shares | - | 145.26 | 150.96 | 157.37 | 163.80 |
| Diluted Average Shares | - | 145.26 | 150.96 | 157.37 | 163.80 |
| Reconciled Depreciation | - | 18.50 | 22.30 | 25.10 | 28.80 |
| Reconciled Cost Of Revenue | - | 192.28 | 306 | 323.30 | 344.10 |
| Total Unusual Items | - | -10.15 | 5.80 | -8.90 | 0.90 |
| Total Unusual Items Excluding Goodwill | - | -10.15 | 5.80 | -8.90 | 0.90 |
| Special Income Charges | - | -10.15 | 5.80 | -8.90 | 0.90 |
| Restructuring And Mergern Acquisition | - | 10.15 | -5.80 | 8.90 | -0.90 |
| General And Administrative Expense | - | 105.90 | 98.30 | 108.70 | 114.40 |
| Other Gand A | - | 105.90 | 98.30 | 108.70 | 114.40 |
| Selling And Marketing Expense | - | 227.68 | 222.80 | 234.90 | 255.70 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Coursera, Inc.this co. | COUR | $1.6B | -31.27 | 2.51 | -8.0% | - |
| Strategic Education, Inc. | STRA | $1.8B | 14.46 | 1.11 | 7.7% | 7.33 |
| Turning Point Brands, Inc. | TPB | $1.7B | 29.19 | 4.79 | 16.4% | 15.39 |
| Ingles Markets, Incorporated | IMKTA | $1.7B | 19.80 | 1.02 | 5.2% | 7.26 |
| Newell Brands Inc. | NWL | $1.6B | -5.73 |
| - |
| - |
| - |
| - |
| 0.68 |
| -11.9% |
| 20.08 |
| Lincoln Educational Services Corporation | LINC | $1.6B | 80.26 | 8.04 | 10.0% | 36.58 |
| Fresh Del Monte Produce Inc. | FDP | $1.4B | 15.41 | 0.69 | 4.5% | 7.97 |
| J&J Snack Foods Corp. | JJSF | $1.4B | 21.22 | 1.44 | 6.8% | 8.99 |
| Dole plc | DOLE | $1.3B | 25.83 | 0.97 | 3.8% | 6.63 |
| Peer Median | - | 20.51 | 1.07 | 6.0% | 8.48 | |