Coursera vs Q2 Holdings
Coursera and Q2 Holdings are similar in size: $758m and $795m of revenue in their latest fiscal years. Q2 Holdings grew faster (14.1% against 9.0%). Q2 Holdings kept more of each dollar of sales as profit: a net margin of 6.5% against -6.7%. Coursera carries less debt relative to equity (0.0% against 45.8%).
| Latest fiscal year | CourseraCOUR, 2025 | Q2 HoldingsQTWO, 2025 |
|---|---|---|
| Revenue | $758m | $795m |
| Revenue growth | 9.0% | 14.1% |
| Net income | −$51.0m | $52.0m |
| Operating margin | -10.2% | 5.0% |
| Net margin | -6.7% | 6.5% |
| Return on equity | -8.3% | 8.8% |
| Free cash flow | $107m | $195m |
| Cash | $793m | $368m |
| Total debt | $0 | $303m |
| Debt to equity | 0.0% | 45.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $5.0m |
| Employees | 1,307 | 2,549 |
| Market value | $1.02bn | $4.45bn |
| Price vs our value range | — | Above our value range |
| Moat score | 18 (Weak) | 25 (Weak) |
| Insider trades, 12 months | 2 buys, 16 sales | 0 buys, 0 sales |