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Education Technology · NYSE

CourseraCOUR

Reported results from SEC filings: quarterly trend (up to twelve quarters) and annual results.

Quarterly results

Q3 2023 – Q2 2026
Revenue
Revenue
Coursera Revenue$0M$100M$200M$300MQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Revenue · Q3 '23: $166MRevenue · Q4 '23: $169MRevenue · Q1 '24: $169MRevenue · Q2 '24: $170MRevenue · Q3 '24: $176MRevenue · Q4 '24: $179MRevenue · Q1 '25: $179MRevenue · Q2 '25: $187MRevenue · Q3 '25: $194MRevenue · Q4 '25: $197MRevenue · Q1 '26: $196MRevenue · Q2 '26: $299M

Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included August 5, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals.

Operating income and net income
Operating incomeNet income
Coursera Operating income and net income−$100M−$80M−$60M−$40M−$20M$0MQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Operating income · Q3 '23: −$40MOperating income · Q4 '23: −$29MOperating income · Q1 '24: −$30MOperating income · Q2 '24: −$31MOperating income · Q3 '24: −$22MOperating income · Q4 '24: −$30MOperating income · Q1 '25: −$14MOperating income · Q2 '25: −$15MOperating income · Q3 '25: −$16MOperating income · Q4 '25: −$32MOperating income · Q1 '26: −$25MOperating income · Q2 '26: −$85MNet income · Q3 '23: −$32MNet income · Q4 '23: −$20MNet income · Q1 '24: −$21MNet income · Q2 '24: −$23MNet income · Q3 '24: −$14MNet income · Q4 '24: −$22MNet income · Q1 '25: −$8MNet income · Q2 '25: −$8MNet income · Q3 '25: −$9MNet income · Q4 '25: −$27MNet income · Q1 '26: −$20MNet income · Q2 '26: −$80M

Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included August 5, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals.

Cash flow
Operating cash flowCapital expenditureFree cash flow
Coursera Cash flow−$40M−$20M$0M$20M$40MQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Operating cash flow · Q3 '23: $20MOperating cash flow · Q4 '23: $12MOperating cash flow · Q1 '24: $24MOperating cash flow · Q2 '24: $24MOperating cash flow · Q3 '24: $28MOperating cash flow · Q4 '24: $19MOperating cash flow · Q1 '25: $34MOperating cash flow · Q2 '25: $36MOperating cash flow · Q3 '25: $34MOperating cash flow · Q4 '25: $6MOperating cash flow · Q1 '26: $15MOperating cash flow · Q2 '26: −$20MCapital expenditure · Q3 '23: $0MCapital expenditure · Q4 '23: $0MCapital expenditure · Q1 '24: $0MCapital expenditure · Q2 '24: $0MCapital expenditure · Q3 '24: $0MCapital expenditure · Q4 '24: $1MCapital expenditure · Q1 '25: $0MCapital expenditure · Q2 '25: $0MCapital expenditure · Q3 '25: $0MCapital expenditure · Q4 '25: $0MCapital expenditure · Q1 '26: $0MCapital expenditure · Q2 '26: $0MFree cash flow · Q3 '23: $19MFree cash flow · Q4 '23: $12MFree cash flow · Q1 '24: $24MFree cash flow · Q2 '24: $24MFree cash flow · Q3 '24: $28MFree cash flow · Q4 '24: $18MFree cash flow · Q1 '25: $33MFree cash flow · Q2 '25: $35MFree cash flow · Q3 '25: $34MFree cash flow · Q4 '25: $5MFree cash flow · Q1 '26: $14MFree cash flow · Q2 '26: −$20M

Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included August 5, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals. FCF = operating cash flow − capital expenditure.

Margins
Operating marginNet marginFCF margin
Coursera Margins-30%-20%-10%0%10%20%30%Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Operating margin · Q3 '23: -24%Operating margin · Q4 '23: -17%Operating margin · Q1 '24: -18%Operating margin · Q2 '24: -18%Operating margin · Q3 '24: -12%Operating margin · Q4 '24: -17%Operating margin · Q1 '25: -8.0%Operating margin · Q2 '25: -8.1%Operating margin · Q3 '25: -8.0%Operating margin · Q4 '25: -16%Operating margin · Q1 '26: -13%Operating margin · Q2 '26: -28%-28%Net margin · Q3 '23: -19%Net margin · Q4 '23: -12%Net margin · Q1 '24: -13%Net margin · Q2 '24: -13%Net margin · Q3 '24: -7.8%Net margin · Q4 '24: -12%Net margin · Q1 '25: -4.4%Net margin · Q2 '25: -4.2%Net margin · Q3 '25: -4.4%Net margin · Q4 '25: -14%Net margin · Q1 '26: -10%Net margin · Q2 '26: -27%-27%FCF margin · Q3 '23: 12%FCF margin · Q4 '23: 6.9%FCF margin · Q1 '24: 14%FCF margin · Q2 '24: 14%FCF margin · Q3 '24: 16%FCF margin · Q4 '24: 10%FCF margin · Q1 '25: 18%FCF margin · Q2 '25: 19%FCF margin · Q3 '25: 17%FCF margin · Q4 '25: 2.7%FCF margin · Q1 '26: 7.4%FCF margin · Q2 '26: -6.7%-6.7%

Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included August 5, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals. As a percentage of revenue.

Annual results

FY2021 – FY2025
Annual results
RevenueOperating incomeFree cash flow
Coursera Annual results−$200M$0M$200M$400M$600M$800MFY2021FY2022FY2023FY2024FY2025Revenue · FY2021: $415MRevenue · FY2022: $524MRevenue · FY2023: $636MRevenue · FY2024: $695MRevenue · FY2025: $758MOperating income · FY2021: −$143MOperating income · FY2022: −$177MOperating income · FY2023: −$146MOperating income · FY2024: −$113MOperating income · FY2025: −$77MFree cash flow · FY2021: $0MFree cash flow · FY2022: −$40MFree cash flow · FY2023: $29MFree cash flow · FY2024: $94MFree cash flow · FY2025: $107M

Source: SEC EDGAR XBRL (10-K), latest filing included August 5, 2026.

Margins
Operating marginNet marginFCF margin
Coursera Margins-40%-20%0%20%FY2021FY2022FY2023FY2024FY2025Operating margin · FY2021: -34%Operating margin · FY2022: -34%Operating margin · FY2023: -23%Operating margin · FY2024: -16%Operating margin · FY2025: -10%-10%Net margin · FY2021: -35%Net margin · FY2022: -34%Net margin · FY2023: -18%Net margin · FY2024: -11%Net margin · FY2025: -6.7%-6.7%FCF margin · FY2021: 0%FCF margin · FY2022: -7.6%FCF margin · FY2023: 4.5%FCF margin · FY2024: 14%FCF margin · FY2025: 14%14%

Source: SEC EDGAR XBRL (10-K), latest filing included August 5, 2026.

Quarterly data (USD millions)

Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue166169169170176179179187194197196299
Operating income−40−29−30−31−22−30−14−15−16−32−25−85
Net income−32−20−21−23−14−22−8−8−9−27−20−80
Operating cash flow201224242819343634615−20
Capital expenditure000001000000
Free cash flow191224242818333534514−20
Operating margin %−23.9−16.9−17.6−18.3−12.3−17.0−8.0−8.1−8.0−16.4−12.9−28.4
Net margin %−19.4−12.1−12.6−13.4−7.8−12.1−4.4−4.2−4.4−13.6−10.5−26.9
FCF margin %11.76.914.413.915.710.118.418.817.42.77.4−6.7

Annual data (USD millions)

FY2021FY2022FY2023FY2024FY2025
Revenue415524636695758
Operating income−143−177−146−113−77
Net income−145−175−117−80−51
Operating cash flow2−383095109
Capital expenditure22122
Free cash flow0−402994107
Operating margin %−34.5−33.9−22.9−16.3−10.2
Net margin %−35.0−33.5−18.3−11.4−6.7
FCF margin %0.0−7.64.513.514.2

Notes

Data files: financials.json