Coursera Inc (COUR) financials
Coursera revenue and earnings by year
Coursera's revenue was $758 million in the fiscal year to December 31, 2025, up 9.0% from the year before. Net income was -$51.0 million, -6.7% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 26.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 758 | 695 | 636 | 524 | 415 | 294 | 184 |
| Revenue growth | 9.0% | 9.3% | 21.4% | 26.1% | 41.5% | 59.2% | — |
| Gross profit | 413 | 371 | 330 | 331 | 249 | 155 | 95 |
| Gross margin | 54.6% | 53.5% | 51.9% | 63.3% | 60.1% | 52.7% | 51.4% |
| Operating income | -77 | -113 | -146 | -177 | -143 | -67 | -48 |
| Operating margin | -10.2% | -16.3% | -22.9% | -33.9% | -34.4% | -22.7% | -26.2% |
| Net income | -51 | -80 | -117 | -175 | -145 | -67 | -47 |
| Net margin | -6.7% | -11.4% | -18.3% | -33.5% | -35.0% | -22.8% | -25.3% |
| Diluted EPS | -$0.31 | -$0.51 | -$0.77 | -$1.21 | — | -$1.79 | — |
| Free cash flow | 79 | 59 | 8 | -53 | -13 | -27 | -31 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open COUR in Markets.
How Coursera makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Consumer | $159M | 53.1% |
| Enterprise | $140M | 46.9% |
See also: COUR returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.