Coursera, Inc. income statement
In fiscal 2025, Coursera, Inc. reported revenue of $758m, up 9.0% on the year before, operating income of −$77.4m (a -10.2% margin) and net income of −$51.0m, or −$0.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 184 | 294 | 415 | 524 | 636 | 695 | 758 | 885 |
| Cost of revenue | 90 | 139 | 166 | 192 | 306 | 323 | 344 | 391 |
| Gross profit | 95 | 155 | 249 | 331 | 330 | 371 | 413 | 495 |
| Research and development | 56 | 77 | 135 | 165 | 160 | 132 | 122 | 138 |
| Selling and marketing | 57 | 107 | 179 | 228 | 223 | 235 | 256 | 309 |
| General and administrative | 30 | 37 | 78 | 106 | 98 | 109 | 114 | 127 |
| Operating income | −48 | −67 | −143 | −177 | −146 | −113 | −77 | −158 |
| Interest expense | 1 | 0 | 0 | — | — | — | — | — |
| Income before tax | −46 | −65 | −143 | −171 | −111 | −79 | −46 | −130 |
| Income tax | 1 | 2 | 2 | 5 | 5 | 1 | 5 | 6 |
| 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 |
| Diluted shares (average) | 97m | 112m | 114m | 145m | 151m | 157m | 164m | 184m |
| EBITDA | −43 | −57 | −128 | −159 | −123 | −88 | −49 | −114 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 176 | 179 | 179 | 187 | 194 | 197 | 196 | 299 |
| Cost of revenue | 80 | 84 | 81 | 84 | 88 | 90 | 87 | 125 |
| Gross profit | 96 | 96 | 98 | 103 | 106 | 107 | 109 | 173 |
| Research and development | 32 | 32 | 30 | 29 | 30 | 33 | 31 | 44 |
| Selling and marketing | 59 | 60 | 57 | 64 | 67 | 68 | 69 | 104 |
| General and administrative | 27 | 27 | 27 | 25 | 24 | 38 | 33 | 31 |
| Operating income | −22 | −31 | −14 | −15 | −16 | −32 | −25 | −85 |
| Income before tax | −12 | −24 | −6 | −7 | −8 | −25 | −19 | −78 |
| Income tax | 2 | −2 | 2 | 1 | 1 | 2 | 1 | 2 |
| Net income | −14 | −22 | −8 | −8 | −9 | −27 | −21 | −80 |
| Diluted EPS | −$0.09 | −$0.14 | −$0.05 | −$0.05 | −$0.05 | −$0.16 | −$0.12 | −$0.34 |
| EBITDA | −16 | −24 | −7 | −8 | −8 | −25 | −18 | −62 |
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