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Coursera, Inc. (COUR) stock

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NYSE: COUR NYSE Application Software Next results ~February 4, 2027

C Fundamentals grade

Coursera, Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$7.7

Valuation models combined (2)

Base case. Range ~$5.7–$12. Weighted average of 2 models (growth cash-flow model, forward price-to-earnings vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Coursera, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling2 purchases and 16 sales by directors and officers, last 12 monthsInsider trades
  • Funds194 adding, 91 cuttingOf 46 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Coursera files

Where Coursera stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $885m, up 22.7% on a year earlier, faster than the 9.8% growth a quarter earlier. Free-cash-flow margin fell to 3.8% from 15.8% a year earlier. Operating margin narrowed to -17.8% from -11.3%. The diluted share count is up 14.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $20.34 a share, against a share price of $4.71.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 4, 2027 (estimated)

Coursera, Inc.'s trailing-twelve-month revenue grew 22.7% year on year, with a free-cash-flow margin of 3.8%. Where it stands out: change in growth rate of +12.9pp ranks 23 of 184 application software companies we cover. Where it lags: change in share count of 14.7% ranks 133 of 163 application software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 70.7% while net income fell 167.8%: a 97pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.7% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Growth speeding up. The growth rate is 12.9 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.9bn.

Things to watch

  • Loss-making. Operating margin is -17.8%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 6.5 points on a year ago.
  • Share dilution. Diluted shares rose 14.7% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 61% and a beta of 0.6 against the S&P 500.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.21 against an average estimate of $0.18: beat by 16.9%
Revenue
$299m, up 59.6% on a year earlier
Share reaction
-26.2% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
revenue $358m to $366m (Fourth quarter 2026); adjusted EBITDA $55m to $59m (Fourth quarter 2026)
Next report
October 29, 2026; average EPS estimate $0.19

Coursera's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+9.2%
  • 1 week-23.7%
  • 1 month-24.5%
  • This year-48.5%
  • 1 year-55.0%
  • 5 years-88.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$885M
Operating margin
-17.8%
Net margin
-15.4%
EPS (TTM, diluted)
$-0.74

Growth

Revenue growth
+22.7%
Change in growth rate
+12.9 pts
Share count change
+14.7%

Cash

Free cash flow (TTM)
$33.4M
FCF margin
3.8%
Stock pay % of revenue
12.1%

Earnings

Last results
October 29, 2026
Next results (est.)
February 4, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Our research
  3. Results
  4. Guidance
  5. Insider trade
  6. Insider trade
  7. Leadership
  8. Results
  9. Restructuring

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Coursera, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Coursera, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.7 ~$4.3–$6.9 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$9.5–$19 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.6 ~$11–$30 Left out: far from the other models (more than 3x away from their median)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$20 ~$17–$24 Left out: out of range vs price (5.29x)
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$7.7 ~$5.7–$12 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Coursera, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$24.44$11.83$19.37$8.50$7.36$3.79
Market value$2.8bn$1.7bn$2.9bn$1.3bn$1.2bn$696m
+ Net debt (− = net cash)−$581m−$321m−$656m−$726m−$793m−$872m
Enterprise value$2.2bn$1.4bn$2.3bn$612m$413m−$176m
Multiples
Price / sales 6.7x3.3x4.6x1.9x1.6x0.8x
Price / earnings ——————
Price / free cash flow n/m—102.3x14.3x11.2x20.8x
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

18 /100

Weak moat

How hard Coursera's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -10.8% of total assets over 6 years.

  • Pricing power 17 / 20

    Gross margin has been a median 55.7%, moving by 3.3 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -23.9%; its worst year was -34.9%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 3 of 6 years, at a median 1.5% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 193.6% over five years; stock-based pay has been a median 16.1% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (33 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.63 +62% $1.2bn +63%
Next $0.82 +30% $1.5bn +22%

Next year's EPS estimate has moved −3.0% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6.1% on 90 days ago. In the last 30 days, 7 analysts raised Coursera, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Coursera, Inc., last 90 days
$0.50 $0.60 $0.70 $0.80 $0.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.60 Current fiscal year, 60 days ago: $0.63 Current fiscal year, 30 days ago: $0.63 Current fiscal year, 7 days ago: $0.63 Current fiscal year, Now: $0.63 $0.63 Next fiscal year, 90 days ago: $0.85 Next fiscal year, 60 days ago: $0.82 Next fiscal year, 30 days ago: $0.82 Next fiscal year, 7 days ago: $0.82 Next fiscal year, Now: $0.82 $0.82

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.60$0.85
60 days ago $0.63$0.82
30 days ago $0.63$0.82
7 days ago $0.63$0.82
Now $0.63$0.82

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.18 $0.21 +16.9%
Jun 2026 $0.11 $0.17 +54.5%
Mar 2026 $0.08 $0.07 −15.3%
Dec 2025 $0.06 $0.06 +0.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026
  • Revenue Full year 2026 $1.229bn to $1.237bn Narrowed
    “Revenue in the range of $1.229 billion to $1.237 billion” source
  • Revenue Fourth quarter 2026 $358m to $366m
    “Revenue in the range of $358 million to $366 million” source
  • Adjusted EBITDA Margin Full year 2026 about 14% Non-GAAP
    “Adjusted EBITDA Margin target of approximately 14%” source
  • Adjusted EBITDA Fourth quarter 2026 $55m to $59m Non-GAAP
    “Adjusted EBITDA in the range of $55 million to $59 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

11 analysts, Oct 2026
Buy764%
Hold436%
Sell00%

Monthly trend

  1. Oct 202634411
  2. Sep 202634411
  3. Aug 202634411
  4. Jul 2026343111

Counts of recommendations published by analysts covering Coursera, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.8%
of tradable shares
Days to cover
3.27
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
3.4%
of shares
Employees
1,307
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −55.0%

$8.42 on October 31, 2025 to $3.79

ThenNowEffect
Revenue (last 12 months) $722m $885m +22.7%
P/S multiple 1.9x 0.8x −57.9%
Share count 160m 184m −12.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −79.0%

$18.05 on November 3, 2023 to $3.79

ThenNowEffect
Revenue (last 12 months) $580m $885m +52.7%
P/S multiple 4.6x 0.8x −83.0%
Share count 148m 184m −19.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
COUR−52%+64%−56%−13%−49%
Industry peers (median)−50%+19%+2%−21%−14%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
COUR33%75%25%42%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
COUR−61%−39%−69%−42%−53%
S&P 500−25%−10%−8%−19%−9%

Worst fall since March 31, 2021: 94% from April 7, 2021 to October 30, 2026. Getting back needed a 1572% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.47 – $8.51
From 52-week high
−55.5%
vs 50-day average
−27.5%
vs 200-day average
−33.2%
Volatility (1 year)
61%
Beta vs S&P 500
0.57

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±18.1%
After a week
3 up, 8 down
typical move ±14.4%
After a month
5 up, 6 down
typical move ±17.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −26.2% −2.1% — —
July 29, 2026 −9.9% +0.1% −0.7% +9.2%
April 23, 2026 −14.6% +0.4% −3.7% −13.9%
February 5, 2026 −2.6% +0.6% −4.6% +1.3%
October 23, 2025 −12.0% +1.4% −20.8% −22.4%
October 2, 2025 −8.4% +0.1% −8.9% −24.8%
July 24, 2025 +38.1% +0.5% +41.1% +27.0%
April 24, 2025 +15.1% +2.8% +10.7% +11.4%
January 30, 2025 −19.5% 0.0% −19.6% −19.9%
October 24, 2024 −8.1% +0.2% −7.2% −5.1%
July 25, 2024 +48.5% +0.6% +21.3% +15.8%
April 29, 2024 −14.6% −1.2% −20.0% −35.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Coursera, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Coursera, Inc.
$600M $700M $800M $900M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $609.1M Revenue (TTM), FY23 Q4: $635.8M Revenue (TTM), FY24 Q1: $657.3M Revenue (TTM), FY24 Q2: $673.9M Revenue (TTM), FY24 Q3: $684.4M Revenue (TTM), FY24 Q4: $694.7M Revenue (TTM), FY25 Q1: $704.9M Revenue (TTM), FY25 Q2: $721.7M Revenue (TTM), FY25 Q3: $739.8M Revenue (TTM), FY25 Q4: $757.5M Revenue (TTM), FY26 Q1: $773.9M Revenue (TTM), FY26 Q2: $885.4M $885.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $609.1M
FY23 Q4 $635.8M
FY24 Q1 $657.3M
FY24 Q2 $673.9M
FY24 Q3 $684.4M
FY24 Q4 $694.7M
FY25 Q1 $704.9M
FY25 Q2 $721.7M
FY25 Q3 $739.8M
FY25 Q4 $757.5M
FY26 Q1 $773.9M
FY26 Q2 $885.4M
Revenue growth, TTM YoY Coursera, Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 22.7% Revenue growth, TTM YoY, FY23 Q4: 21.4% Revenue growth, TTM YoY, FY24 Q1: 19.3% Revenue growth, TTM YoY, FY24 Q2: 16.2% Revenue growth, TTM YoY, FY24 Q3: 12.4% Revenue growth, TTM YoY, FY24 Q4: 9.3% Revenue growth, TTM YoY, FY25 Q1: 7.2% Revenue growth, TTM YoY, FY25 Q2: 7.1% Revenue growth, TTM YoY, FY25 Q3: 8.1% Revenue growth, TTM YoY, FY25 Q4: 9.0% Revenue growth, TTM YoY, FY26 Q1: 9.8% Revenue growth, TTM YoY, FY26 Q2: 22.7% 22.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 22.7%
FY23 Q4 21.4%
FY24 Q1 19.3%
FY24 Q2 16.2%
FY24 Q3 12.4%
FY24 Q4 9.3%
FY25 Q1 7.2%
FY25 Q2 7.1%
FY25 Q3 8.1%
FY25 Q4 9.0%
FY26 Q1 9.8%
FY26 Q2 22.7%
Operating margin (TTM) Coursera, Inc.
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -28.4% Operating margin (TTM), FY23 Q4: -22.9% Operating margin (TTM), FY24 Q1: -20.7% Operating margin (TTM), FY24 Q2: -19.2% Operating margin (TTM), FY24 Q3: -16.3% Operating margin (TTM), FY24 Q4: -16.3% Operating margin (TTM), FY25 Q1: -13.9% Operating margin (TTM), FY25 Q2: -11.3% Operating margin (TTM), FY25 Q3: -10.2% Operating margin (TTM), FY25 Q4: -10.2% Operating margin (TTM), FY26 Q1: -11.4% Operating margin (TTM), FY26 Q2: -17.8% -17.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -28.4%
FY23 Q4 -22.9%
FY24 Q1 -20.7%
FY24 Q2 -19.2%
FY24 Q3 -16.3%
FY24 Q4 -16.3%
FY25 Q1 -13.9%
FY25 Q2 -11.3%
FY25 Q3 -10.2%
FY25 Q4 -10.2%
FY26 Q1 -11.4%
FY26 Q2 -17.8%
FCF margin (TTM) Coursera, Inc.
0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 1.9% FCF margin (TTM), FY23 Q4: 4.5% FCF margin (TTM), FY24 Q1: 7.4% FCF margin (TTM), FY24 Q2: 11.7% FCF margin (TTM), FY24 Q3: 12.7% FCF margin (TTM), FY24 Q4: 13.5% FCF margin (TTM), FY25 Q1: 14.5% FCF margin (TTM), FY25 Q2: 15.8% FCF margin (TTM), FY25 Q3: 16.2% FCF margin (TTM), FY25 Q4: 14.2% FCF margin (TTM), FY26 Q1: 11.4% FCF margin (TTM), FY26 Q2: 3.8% 3.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 1.9%
FY23 Q4 4.5%
FY24 Q1 7.4%
FY24 Q2 11.7%
FY24 Q3 12.7%
FY24 Q4 13.5%
FY25 Q1 14.5%
FY25 Q2 15.8%
FY25 Q3 16.2%
FY25 Q4 14.2%
FY26 Q1 11.4%
FY26 Q2 3.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 184 294 415 524 636 695 758 885
Gross profit 95 155 249 331 330 371 413 495
EBITDA −43 −57 −128 −159 −123 −88 −49 −114
Operating income −48 −67 −143 −177 −146 −113 −77 −158
Net income −47 −67 −145 −175 −117 −80 −51 −136
Diluted EPS −$0.48 −$0.60 −$1.28 −$1.21 −$0.77 −$0.51 −$0.31 −$0.74
Growth (year on year)
Revenue — +59.2% +41.5% +26.1% +21.4% +9.3% +9.0% +22.7%
Margins
Gross margin 51.4% 52.7% 60.1% 63.3% 51.9% 53.5% 54.6% 55.9%
EBITDA margin −23.4% −19.4% −30.9% −30.3% −19.4% −12.7% −6.4% −12.8%
Operating margin −26.2% −22.7% −34.4% −33.9% −22.9% −16.3% −10.2% −17.8%
Net margin −25.3% −22.8% −35.0% −33.5% −18.3% −11.4% −6.7% −15.4%
Free-cash-flow margin −14.0% −6.2% 0.0% −7.6% 4.5% 13.5% 14.2% 3.8%
Cash flow
Cash from operations −21 −15 2 −38 30 95 109 35
Capital spending 4 3 2 2 1 2 2 1
Free cash flow −26 −18 0 −40 29 94 107 33
Stock-based pay 16 17 91 111 110 108 95 107
Free cash flow after stock pay −42 −35 −91 −150 −81 −14 12 −74
Balance sheet
Cash 56 80 581 321 656 726 793 872
Total debt 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −56 −80 −581 −321 −656 −726 −793 −872
Diluted shares 97m 112m 114m 145m 151m 157m 164m 184m
Returned to shareholders
Buybacks — — 0 0 59 37 0 —
Total returned — — 0 0 59 37 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $1.9bn
Short-term assets $1.2bnLonger-term assets $726m
What it owes, and who funded it · $1.9bn
Short-term liabilities $768mLonger-term liabilities $13mShareholders' equity $1.2bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $768m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $13m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Coursera, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Returned to shareholders
0%
of free cash flow
Buybacks, last 3 fiscal years
$95.2M
Diluted share count
+14.7%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
15.6%
of revenue
Days sales outstanding
65 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated COUR CXM BAND QTWO FRSH RPD Median
Revenue, last 12 months $885m $873m $870m $870m $904m $856m $482m
Revenue growth, last 12 months 22.7% 6.3% 15.1% 13.1% 15.6% 0.1% 12.0%
Revenue growth, 3-year average 15.1% 9.0% 13.7% 12.6% 18.4% 5.3% 11.1%
Revenue growth, latest quarter 59.6% 0.8% 22.0% 11.9% 16.0% −1.5% 11.9%
Gross margin 55.9% 65.6% 36.7% 58.4% 85.0% 69.3% 69.2%
Operating margin −17.8% 5.3% −1.3% 12.4% 3.3% 1.2% 1.1%
Operating margin, 3-year average −16.1% 4.7% −2.3% 2.2% −10.3% 1.6% −0.8%
Net margin −15.4% 2.7% 1.0% 12.7% 20.5% 2.4% 2.1%
Cash from operations / revenue 3.9% 14.8% 13.1% 28.2% 27.3% 17.9% 18.2%
Free-cash-flow margin 3.8% 14.6% 11.1% 26.8% 25.9% 16.9% 15.0%
Free-cash-flow margin, 3-year average 10.4% 14.2% 9.1% 22.5% 23.3% 17.9% 16.2%
Stock pay / revenue 12.1% 9.4% 5.7% 9.3% 14.1% 10.4% 9.3%
Change in share count 14.7% −6.6% 21.2% −4.6% −5.5% 18.0% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 22.7% 12.0% 47 of 184
Change in growth rate Growth +12.9pp +0.2pp 23 of 184
Gross margin Profitability 55.9% 69.8% 113 of 160
Operating margin Profitability -17.8% 1.1% 132 of 181
Net margin Profitability -15.4% 2.1% 130 of 185
Free-cash-flow margin Cash generation 3.8% 15.2% 122 of 180
Stock pay as % of revenue Cash generation 12.1% 9.3% 109 of 177
Change in share count Balance sheet 14.7% 1.7% 133 of 163
Days sales outstanding Balance sheet 65 days 57 days 99 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Consumer $502M 66.3% ▲ 10.2%
Enterprise $255M 33.7% ▲ 6.9%
Geography
Region Revenue Share YoY
United States $385M 50.8% ▲ 4.4%
EMEA $186M 24.5% ▲ 11.8%
Asia Pacific $109M 14.4% ▲ 21.4%
Other $78M 10.3% ▲ 11.3%

From Coursera, Inc.'s 10-K filed February 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
248
Shares held vs prior quarter
▲ 47.5%
Positions opened / closed
67 / 56

Top buyers and sellers, Q2 2026: 194 institutions bought and 91 sold ; the biggest buyer was Pale Fire Capital Se (+9.9M shares) and the biggest seller Mak Capital One LLC (−5.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $116M 20.6M 8.6% ▲ 49.3%
Pale Fire Capital Se $115M 20.4M 8.5% ▲ 94.4%
Caledonia (Private) Investments Pty Ltd $115M 20.4M 8.5% ▲ 77.8%
Baillie Gifford & Co $86.9M 15.4M 6.4% ▲ 5.2%
Nea Management Company, LLC $72.6M 12.9M 5.4% 0.0%
Vanguard Portfolio Management LLC $66.5M 11.8M 4.9% ▲ 62.2%
Ameriprise Financial Inc $64M 11.4M 4.8% ▲ 148.8%
Vanguard Capital Management LLC $61.9M 11.0M 4.6% ▲ 73.0%
Insight Holdings Group, LLC $50.4M 8.9M 3.7% —
Westerly Capital Management, LLC $34.3M 6.1M 2.5% ▲ 257.9%
Geode Capital Management, LLC $31.5M 5.6M 2.3% ▲ 66.4%
State Street Corp $29M 5.1M 2.1% ▲ 63.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Coursera, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $11.4M 2 trades by 1 insider, last 12 months Insider sales History → $10.9M 16 trades by 3 insiders · 3% under pre-set plans
Net ▲ $482,187 net buying
Insider Date Trade Shares Price Value
Hart Gregory M. President & CEO October 1, 2026 Sell pre-set plan 10,308 $5.11 $52,644
Pale Fire Capital Investicni Spolecnost A.S. 10% owner September 29, 2026 Buy 1,000,000 $4.61 $4.6M
Pale Fire Capital Investicni Spolecnost A.S. 10% owner September 25, 2026 Buy 1,332,742 $5.06 $6.7M
Cardenas Alan B SVP, General Counsel August 17, 2026 Sell pre-set plan 9,139 $5.71 $52,184
Insight Holdings Group, Llc 10% owner May 20, 2026 Sell 59,179 $5.24 $310,098
Insight Holdings Group, Llc 10% owner May 20, 2026 Sell 411,869 $5.24 $2.2M
Insight Holdings Group, Llc 10% owner May 20, 2026 Sell 38,073 $5.24 $199,503
Insight Holdings Group, Llc 10% owner May 20, 2026 Sell 21,655 $5.24 $113,472
Insight Holdings Group, Llc 10% owner May 20, 2026 Sell 935,596 $5.24 $4.9M
Insight Holdings Group, Llc 10% owner May 19, 2026 Sell 11,814 $5.41 $63,914
Insight Holdings Group, Llc 10% owner May 19, 2026 Sell 127,799 $5.41 $691,393
Insight Holdings Group, Llc 10% owner May 19, 2026 Sell 18,363 $5.41 $99,344

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 4, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 29, 2026
  • April 23, 2026
  • February 5, 2026
  • October 23, 2025
  • October 2, 2025

Recent SEC filings

Data status

When each part of this page on Coursera, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Coursera, Inc. in brief

What does Coursera, Inc. do?
Coursera, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Coursera, Inc.'s stock ticker?
Coursera, Inc. trades under the ticker COUR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Coursera, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Coursera, Inc. reported revenue of $885M, 22.7% higher than a year earlier, according to its SEC filings.
What is Coursera, Inc.'s free cash flow?
Coursera, Inc.'s free-cash-flow margin is 3.8% of revenue over the trailing twelve months, ranking 122 of the 180 application software companies we cover.
Who are Coursera, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Pale Fire Capital Se and Caledonia (Private) Investments Pty Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Coursera, Inc. buying back stock, and does it pay a dividend?
Coursera, Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 14.7% over the year.
What is Coursera, Inc.'s market cap?
On November 2, 2026, Coursera, Inc.'s market capitalisation was about $696M and net debt of -$872M. Market figures come from third-party market data and may be delayed.
Who are Coursera, Inc.'s competitors?
In our Application Software peer group, the companies closest to Coursera, Inc. are Sprinklr, Inc., Bandwidth Inc., Q2 Holdings, Inc., Freshworks Inc. and Rapid7, Inc. The side-by-side comparison below sets their revenue, margins and growth against Coursera, Inc.'s.
Are insiders buying or selling Coursera, Inc. stock?
Over the last 12 months, Coursera, Inc.'s directors and officers reported 2 open-market purchases and 16 sales on Form 4. The insider trading page charts every trade.
When is Coursera, Inc.'s next earnings date?
Around February 4, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Coursera, Inc. announces its own schedule.