Coursera Inc (COUR) financial statements: income statement, balance sheet and cash flow
Coursera Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Coursera Inc reported revenue of $757.5M (+9.0% year on year) and net income of ($51.0M) (+35.9% year on year).
Income statement
Coursera Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$757.5M
$694.7M
$635.8M
$523.8M
Cost of revenue
$344.1M
$323.3M
$306.0M
$192.3M
Gross profit
$413.4M
$371.4M
$329.8M
$331.5M
Research and development
$121.6M
$132.0M
$160.1M
$165.1M
Sales and marketing
$255.7M
$234.9M
$222.8M
$227.7M
General and administrative
$114.4M
$108.7M
$98.3M
$105.9M
Restructuring related charges
($900.0K)
$8.9M
($5.8M)
$10.1M
Total operating expenses
$490.8M
$484.6M
$475.4M
$508.9M
Loss from operations
($77.4M)
($113.2M)
($145.6M)
($177.4M)
Interest income, net
$32.0M
$36.7M
$34.4M
$9.1M
Other income (expense), net
($500.0K)
($2.0M)
($19.0K)
($2.4M)
Loss before income taxes
($45.9M)
($78.5M)
($111.2M)
($170.6M)
Income tax expense
$5.1M
$1.0M
$5.4M
$4.7M
Net loss
($51.0M)
($79.5M)
($116.6M)
($175.4M)
Net loss per share—basic (in dollars per share)
-$0.31
-$0.51
-$0.77
-$1.21
Net loss per share—diluted (in dollars per share)
-$0.31
-$0.51
-$0.77
-$1.21
Weighted average shares used in computing net loss per share—basic (in shares)
$163800000.00
$157370977.00
$150957814.00
$145263726.00
Weighted average shares used in computing net loss per share—diluted (in shares)
$163800000.00
$157370977.00
$150957814.00
$145263726.00
Coursera Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$298.6M
$195.7M
$194.2M
$187.1M
Cost of revenue
$125.2M
$87.1M
$88.2M
$84.4M
Gross profit
$173.4M
$108.6M
$106.0M
$102.7M
Research and development
$43.7M
$31.3M
$30.0M
$29.3M
Sales and marketing
$104.0M
$69.3M
$67.4M
$63.6M
General and administrative
$30.6M
$33.3M
$24.2M
$24.9M
Merger, integration, and restructuring related costs
$79.8M
—
—
—
Total operating expenses
$258.1M
$133.9M
$121.6M
$117.8M
Loss from operations
($84.7M)
($25.3M)
($15.6M)
($15.1M)
Interest income, net
$7.7M
$7.1M
$8.3M
$8.0M
Other (expense) income, net
($1.3M)
($900.0K)
($500.0K)
$100.0K
Loss before income taxes
($78.3M)
($19.1M)
($7.8M)
($7.0M)
Income tax expense
$2.1M
$1.4M
$800.0K
$800.0K
Net loss
($80.4M)
($20.5M)
($8.6M)
($7.8M)
Net loss per share - basic (in dollars per share)
-$0.34
-$0.12
-$0.05
-$0.05
Net loss per share - diluted (in dollars per share)
-$0.34
-$0.12
-$0.05
-$0.05
Weighted average shares used in computing net loss per share - basic (in shares)
$233400000.00
$168700000.00
$164600000.00
$162500000.00
Weighted average shares used in computing net loss per share - diluted (in shares)
$233400000.00
$168700000.00
$164600000.00
$162500000.00
Balance sheet
Coursera Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$792.6M
$726.1M
$656.3M
$320.8M
Accounts receivable, net
$65.4M
$59.7M
$67.4M
$53.7M
Deferred costs, net
$19.6M
$24.7M
$26.4M
$24.1M
Prepaid expenses and other current assets
$20.5M
$20.2M
$16.6M
$17.6M
Total current assets
$898.1M
$830.7M
$832.5M
$876.0M
Property, equipment, and software, net
$43.4M
$36.9M
$30.4M
$27.1M
Intangible assets, net
$27.1M
$24.5M
$11.7M
$8.6M
Other assets
$31.4M
$35.2M
$41.2M
$26.4M
Total assets
$1.0B
$930.3M
$920.5M
$947.6M
Content liabilities
$100.0M
$101.9M
$101.0M
$66.4M
Other accounts payable and accrued expenses
$29.8M
$21.4M
$23.5M
$23.3M
Accrued compensation and benefits
$36.7M
$31.6M
$22.3M
$21.2M
Deferred revenue, current
$180.9M
$159.7M
$137.2M
$115.7M
Other current liabilities
$10.5M
$12.8M
$7.7M
$7.2M
Total current liabilities
$357.9M
$327.5M
$298.3M
$242.4M
Deferred revenue, non-current
$1.4M
$1.6M
$2.9M
$3.1M
Other liabilities
$5.0M
$805.0K
$3.2M
$1.7M
Total liabilities
$364.3M
$332.9M
$304.3M
$253.0M
Preferred stock, $0.00001 par value—10.0 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024
0
0
0
0
Common stock, $0.00001 par value—300.0 shares authorized as of December 31, 2025 and December 31, 2024; 167.9 shares issued and outstanding as of December 31, 2025, and 165.3 shares issued and 160.1 shares outstanding as of December 31, 2024
0
2.0K
2.0K
1.0K
Additional paid-in capital
$1.5B
$1.5B
$1.5B
$1.4B
Treasury stock, at cost—none and 5.2 shares as of December 31, 2025 and 2024
0
-49.0M
-63.2M
-4.7M
Accumulated deficit
($911.2M)
($860.2M)
($780.7M)
($664.1M)
Total stockholders’ equity
$635.7M
$597.4M
$616.2M
$694.6M
Total liabilities and stockholders’ equity
$1.0B
$930.3M
$920.5M
$947.6M
Coursera Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$871.7M
$789.8M
$797.7M
$775.1M
Marketable securities
$110.5M
—
—
—
Accounts receivable, net
$158.8M
$60.0M
$58.7M
$67.2M
Deferred costs, net
$25.9M
$19.0M
$20.3M
$20.2M
Prepaid expenses and other current assets
$54.5M
$24.6M
$20.6M
$19.4M
Total current assets
$1.2B
$893.4M
$897.3M
$881.9M
Property, equipment, and software, net
$55.0M
$45.5M
$41.8M
$40.0M
Intangible assets, net
$436.3M
$30.9M
$25.6M
$26.4M
Goodwill
$182.7M
—
—
—
Other assets
$52.4M
$30.7M
$30.6M
$31.6M
Total assets
$1.9B
$1.0B
$995.3M
$979.9M
Content liabilities
$122.5M
$98.3M
$103.8M
$102.0M
Other accounts payable and accrued expenses
$53.8M
$31.0M
$26.3M
$22.7M
Accrued compensation and benefits
$56.6M
$21.4M
$32.0M
$22.2M
Deferred revenue, current
$498.4M
$200.1M
$177.4M
$186.0M
Other current liabilities
$36.8M
$11.6M
$10.0M
$13.3M
Total current liabilities
$768.1M
$362.4M
$349.5M
$346.2M
Deferred revenue, non-current
$3.0M
$1.5M
$1.6M
$1.8M
Other liabilities
$9.7M
$4.8M
$4.7M
$4.9M
Total liabilities
$780.8M
$368.7M
$355.8M
$352.9M
Preferred stock, $0.00001 par value—10.0 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025
0
0
0
0
Common stock, $0.00001 par value—600.0 shares authorized as of June 30, 2026 and 300.0 shares authorized as of December 31, 2025; 274.5 shares issued and outstanding as of June 30, 2026, and 167.9 shares issued and outstanding as of December 31, 2025
0
0
0
0
Additional paid-in capital
$2.2B
$1.6B
$1.5B
$1.5B
Accumulated other comprehensive income
$100.0K
—
—
—
Accumulated deficit
($1.0B)
($931.7M)
($884.4M)
($875.8M)
Total stockholders’ equity
$1.2B
$631.8M
$639.5M
$627.0M
Total liabilities and stockholders’ equity
$1.9B
$1.0B
$995.3M
$979.9M
Cash flow statement
Coursera Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($51.0M)
($79.5M)
($116.6M)
($175.4M)
Depreciation and amortization
$28.8M
$25.1M
$22.3M
$18.5M
Stock-based compensation expense
$95.1M
$108.1M
$109.6M
$110.8M
Impairment losses
$3.7M
$2.2M
$3.1M
$6.1M
Other
($300.0K)
$788.0K
$1.5M
$1.1M
Accounts receivable, net
($5.7M)
$7.2M
($14.8M)
($20.6M)
Prepaid expenses and other assets
$7.4M
$2.5M
($17.0M)
($18.3M)
Accounts payable and accrued expenses
$8.0M
($2.3M)
$34.0M
$17.9M
Accrued compensation and other liabilities
$1.7M
$12.1M
$3.1M
$3.4M
Deferred revenue
$21.0M
$21.2M
$21.3M
$20.3M
Net cash provided by operating activities
$108.7M
$95.4M
$29.6M
($38.1M)
Purchases of marketable securities
$0
$0
($121.8M)
($593.8M)
Proceeds from maturities of marketable securities
$0
$66.0M
$530.0M
$375.0M
Purchases of property, equipment, and software
($1.5M)
($1.6M)
($1.1M)
($1.6M)
Capitalized internal-use software costs
($18.1M)
($17.2M)
($15.3M)
($12.3M)
Purchase of minority interest
$0
$0
($1.7M)
—
Purchases of content assets
($10.6M)
($17.3M)
($5.3M)
($1.4M)
Net cash provided by (used in) investing activities
($30.2M)
$29.9M
$384.8M
($234.0M)
Proceeds from exercise of stock options
$9.9M
$9.4M
$27.3M
$17.6M
Proceeds from employee stock purchase plan
$4.2M
$5.6M
$6.0M
$6.8M
Payments for repurchases of common stock
$0
($36.7M)
($58.5M)
—
Payments for tax withholding on vesting of restricted stock units
($27.6M)
($33.3M)
($54.1M)
($11.9M)
Net cash used in financing activities
($13.5M)
($54.9M)
($79.2M)
$12.2M
Net increase in cash, cash equivalents, and restricted cash
$65.0M
$70.3M
$335.2M
($259.8M)
Cash, cash equivalents, and restricted cash—beginning of period
$728.4M
$658.1M
$322.9M
$582.7M
Cash, cash equivalents, and restricted cash—end of period
$793.4M
$728.4M
$658.1M
$322.9M
Cash paid for income taxes, net of refunds
$6.0M
$5.3M
$6.4M
$4.1M
Stock-based compensation capitalized as internal-use software costs
$7.7M
$7.7M
$7.1M
$5.4M
Capital Expenditures Incurred but Not yet Paid
$3.9M
$2.2M
—
—
Right-of-use asset obtained in exchange for operating lease liability
$2.2M
$3.0M
$0
$0
Coursera Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($100.9M)
($20.5M)
($24.2M)
($15.6M)
Depreciation and amortization
$30.0M
$7.5M
$21.8M
$14.5M
Stock-based compensation expense
$59.9M
$20.3M
$71.0M
$48.0M
Other
$1.2M
$500.0K
($300.0K)
($300.0K)
Accounts receivable, net
$3.9M
$5.4M
$1.0M
($7.4M)
Prepaid expenses and other assets
($8.6M)
($3.0M)
$6.2M
$6.2M
Accounts payable and accrued expenses
$1.7M
($700.0K)
$9.1M
$3.5M
Accrued compensation and other liabilities
$3.0M
($14.2M)
($2.6M)
($8.9M)
Deferred revenue
$4.6M
$19.3M
$17.8M
$26.5M
Net cash (used in) provided by operating activities
($5.2M)
$14.6M
$102.9M
$69.0M
Cash acquired from the Udemy merger
$213.6M
—
—
—
Purchases of marketable securities
($28.2M)
—
—
—
Proceeds from maturities of marketable securities
$27.5M
—
$0
$0
Purchases of content assets
($10.9M)
($5.8M)
($8.0M)
($5.9M)
Capitalized internal-use software costs
($13.0M)
($5.6M)
($13.3M)
($8.3M)
Purchases of property, equipment, and software
($500.0K)
($200.0K)
($1.1M)
($900.0K)
Net cash provided by (used in) investing activities
$188.5M
($11.6M)
($22.4M)
($15.1M)
Proceeds from exercise of stock options
$500.0K
$200.0K
$8.6M
$3.8M
Proceeds from employee stock purchase plan
$2.7M
—
$2.8M
$2.8M
Payments for repurchases of common stock
($87.3M)
—
$0
$0
Payments for tax withholding on vesting of restricted stock units
($18.3M)
($5.9M)
($21.8M)
($13.1M)
Net cash used in financing activities
($102.4M)
($5.7M)
($10.4M)
($6.5M)
Effect of foreign exchange rates on cash flows
($300.0K)
—
—
—
Net increase in cash, cash equivalents, and restricted cash
$80.6M
($2.7M)
$70.1M
$47.4M
Cash, cash equivalents, and restricted cash—beginning of period
$793.4M
$793.4M
$728.4M
$728.4M
Cash, cash equivalents, and restricted cash—end of period
$874.0M
$790.7M
$798.5M
$775.8M
Cash paid for income taxes, net of refunds
$2.4M
$1.6M
$3.7M
$1.9M
Fair value of net assets assumed
$673.6M
—
—
—
Common stock issued as Merger consideration
($662.2M)
—
—
—
Fair value of replacement equity awards included in Merger consideration
($11.4M)
—
—
—
Stock-based compensation capitalized as internal-use software costs
$4.3M
$2.0M
$5.7M
$3.7M
Unsettled repurchases of common stock
$3.0M
—
—
—
Content assets, unpaid or acquired through non-cash consideration