Coursera, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $757.5M | $694.7M | $635.8M | $523.8M | $415.3M |
| Cost of revenue | $344.1M | $323.3M | $306.0M | $192.3M | $165.8M |
| Gross profit | $413.4M | $371.4M | $329.8M | $331.5M | $249.5M |
| Research and development | $121.6M | $132.1M | $160.1M | $165.1M | $135.4M |
| Operating expenses | $490.8M | $484.6M | $475.4M | $508.9M | $392.5M |
| Operating income | -$77.4M | -$113.2M | -$145.6M | -$177.4M | -$143.1M |
| Interest expense | — | — | — | — | $0 |
| Pretax income | -$45.9M | -$78.5M | -$111.2M | -$170.6M | -$143.1M |
| Income tax expense | $5.1M | $1.0M | $5.4M | $4.7M | $2.1M |
| Net income | -$51.0M | -$79.5M | -$116.6M | -$175.4M | -$145.2M |
| Balance Sheet | |||||
| Cash and equivalents | $792.6M | $726.1M | $656.3M | $320.8M | $580.7M |
| Current assets | $898.1M | $830.7M | $832.5M | $876.0M | $892.3M |
| Total assets | $1.0B | $930.3M | $920.5M | $947.6M | $958.9M |
| Current liabilities | $357.9M | $327.5M | $298.3M | $242.4M | $201.1M |
| Total liabilities | $364.3M | $332.9M | $304.3M | $253.0M | $217.4M |
| Stockholders' equity | $635.7M | $597.4M | $616.2M | $694.6M | $741.5M |
| Cash Flow Statement | |||||
| Cash from operations | $108.7M | $95.4M | $29.7M | -$38.1M | $1.7M |
| Depreciation and amortization | $28.8M | $25.1M | $22.3M | $18.5M | $14.8M |
| Stock-based compensation | $95.1M | $108.1M | $109.6M | $110.8M | $91.2M |
| Capital expenditure | $1.5M | $1.6M | $1.1M | $1.6M | $1.6M |
| Free cash flow | $107.2M | $93.8M | $28.6M | -$39.6M | $192,000 |
| Share repurchases | $0 | $36.7M | $58.5M | $0 | $0 |
| Impairments | $3.7M | $2.2M | $3.1M | $6.1M | $0 |
Shares outstanding 169.3M · Free float 78.8%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.