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Coursera, Inc. balance sheet

At the end of fiscal 2025, Coursera, Inc. had total assets of $1.00bn, total liabilities of $364m and shareholders' equity of $636m. It held $793m in cash against $0 of debt: net cash of $793m.

Balance sheet

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

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents5680581321656726793872
Receivables—413454676065159
Total current assets—3558928768328318981,221
Goodwill——————0183
Total assets—4189599489219301,0001,948
Deferred revenue (current)—7695116137160181498
Total current liabilities—154201242298328358768
Total debt00000000
Total liabilities—177217253304333364781
Shareholders' equity−187−2227426956165976361,167
Non-controlling interests and other (assets − liabilities − equity)—462——————
Net debt (negative = net cash)−56−80−581−321−656−726−793−872
Shares outstanding—121m142m148m155m160m168m—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Coursera, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Coursera, Inc.