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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

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

Coursera, Inc.: cash flow statement, annual
Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations−21−152−38309510935
Depreciation and amortisation510151922252944
Stock-based pay16179111111010895107
Capital spending43221221
Free cash flow−26−180−40299410733
Free cash flow after stock pay−42−35−91−150−81−1412−74
Share buybacks——0059370—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.