Coursera, Inc. cash flow statement
In fiscal 2025, Coursera, Inc.'s operations generated $109m of cash; it spent $1.5m on capital projects, leaving free cash flow of $107m.
Cash flow statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −21 | −15 | 2 | −38 | 30 | 95 | 109 | 35 |
| Depreciation and amortisation | 5 | 10 | 15 | 19 | 22 | 25 | 29 | 44 |
| Stock-based pay | 16 | 17 | 91 | 111 | 110 | 108 | 95 | 107 |
| Capital spending | 4 | 3 | 2 | 2 | 1 | 2 | 2 | 1 |
| Free cash flow | −26 | −18 | 0 | −40 | 29 | 94 | 107 | 33 |
| Free cash flow after stock pay | −42 | −35 | −91 | −150 | −81 | −14 | 12 | −74 |
| Share buybacks | — | — | 0 | 0 | 59 | 37 | 0 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 28 | 19 | 34 | 36 | 34 | 6 | 15 | −20 |
| Depreciation and amortisation | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 23 |
| Stock-based pay | 25 | 25 | 24 | 24 | 23 | 24 | 20 | 40 |
| Capital spending | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 28 | 18 | 33 | 35 | 34 | 5 | 14 | −20 |
| Free cash flow after stock pay | 3 | −7 | 9 | 11 | 11 | −19 | −6 | −60 |
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