COUR · XBRL financial data
Coursera financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (COUR's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | 415 | 524 | 636 | 695 | 758 |
| Cost of revenue | 166 | 192 | 306 | 323 | 344 |
| Gross profit | 249 | 331 | 330 | 371 | 413 |
| Research and development | 135 | 165 | 160 | 132 | 122 |
| General and administrative | 78 | 106 | 98 | 109 | 114 |
| Total operating expenses | 393 | 509 | 475 | 485 | 491 |
| Operating income (loss) | (143) | (177) | (146) | (113) | (77) |
| Interest income | 0 | 9 | 34 | 37 | 32 |
| Interest expense | 0 | — | — | — | — |
| Other income (expense) | (0) | (2) | (0) | (2) | (1) |
| Income tax expense (benefit) | 2 | 5 | 5 | 1 | 5 |
| Net income (loss) | (145) | (175) | (117) | (80) | (51) |
| Earnings per share, basic USD per share | (1.28) | (1.21) | (0.77) | (0.51) | (0.31) |
| Earnings per share, diluted USD per share | (1.28) | (1.21) | (0.77) | (0.51) | (0.31) |
| Weighted average shares, basic millions of shares | 114 | 145 | 151 | 157 | 164 |
| Weighted average shares, diluted millions of shares | 114 | 145 | 151 | 157 | 164 |
Balance sheet
CSVFiscal years (COUR's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 581 | 321 | 656 | 726 | 793 |
| Marketable securities | 241 | 460 | 66 | 0 | 0 |
| Accounts receivable | 34 | 54 | 67 | 60 | 65 |
| Prepaid and other current assets | 16 | 18 | 17 | 20 | 21 |
| Total current assets | 892 | 876 | 832 | 831 | 898 |
| Property and equipment, net | 25 | 27 | 30 | 37 | 43 |
| Right-of-use asset | 16 | 10 | 5 | 3 | — |
| Goodwill | — | — | — | — | 0 |
| Total assets | 959 | 948 | 921 | 930 | 1,000 |
| Total current liabilities | 201 | 242 | 298 | 327 | 358 |
| Lease liability, non-current | 12 | 6 | 0 | 3 | 4 |
| Total liabilities | 217 | 253 | 304 | 333 | 364 |
| Accumulated deficit | (489) | (664) | (781) | (860) | (911) |
| Total stockholders' equity | 742 | 695 | 616 | 597 | 636 |
| Total liabilities and equity | 959 | 948 | 921 | 930 | 1,000 |
| Common shares outstanding (cover page) millions of shares | 143 | 150 | 157 | 160 | 168 |
Cash flows
CSVFiscal years (COUR's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | (145) | (175) | (117) | (80) | (51) |
| Stock-based compensation | 91 | 111 | 110 | 108 | 95 |
| Depreciation and amortization | 15 | 19 | 22 | 25 | 29 |
| Net cash from operating activities | 2 | (38) | 30 | 95 | 109 |
| Net cash from investing activities | (52) | (234) | 385 | 30 | (30) |
| Share repurchases | 0 | 0 | 58 | 37 | 0 |
| Net cash from financing activities | 550 | 12 | (79) | (55) | (14) |
| Net change in cash | 500 | (260) | 335 | 70 | 65 |
Compare with peers
SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Coursera | 872 | 299 | (20)* | 264.4M | 49.6 quarters | 10-QJun 30, 2026 |
| C3.ai | 136 | 52 | 2.1 | not reported | — | 10-QJul 31, 2026 |
| LiveRamp Holdings | 364 | 214 | 17 | 60.8M | — | 10-QJun 30, 2026 |
| Five9 | 187 | 312 | 42* | 74.7M | — | 10-QJun 30, 2026 |
| Asana | 220 | 216 | 46* | not reported | — | 10-QJul 31, 2026 |
| Clarivate | 257 | 482 | 166* | 639.9M | — | 10-QSep 30, 2026 |
| Legalzoom.com | 167 | 205 | 40* | 171.3M | — | 10-QJun 30, 2026 |
| CSG Systems International | 147 | 314 | (1.2) | 28.5M | 126.7 quarters | 10-QMar 31, 2026 |
| Sprinklr | 231 | 214 | 18* | not reported | — | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.