Coursera Inc (NYSE: COUR) is an online education platform company that delivers courses, certificates, and degree programs through partnerships with universities and other content creators. Revenue comes from consumer subscriptions and course purchases, enterprise contracts with businesses, academic institutions, and government organizations, and degree program tuition. As of December 31, 2025, approximately 197 million learners had registered on the platform, drawing content from more than 375 content creator partners. The catalog includes 13,500+ courses, 1,900+ specializations, 185+ certificates, and 2,000+ guided projects. In 2025, learners completed 54.4 million course enrollments, a 10% increase versus 2024. A pending all-stock merger with Udemy Inc, announced before the 10-K filing date of February 23, 2026, is anticipated to close in the second half of calendar year 2026. Coursera was founded with a mission to expand access to job-relevant education globally, and its platform serves consumers, enterprises, and government bodies across international markets.

Revenue model

Coursera generates revenue through three channels: direct-to-consumer course and subscription purchases, enterprise contracts (Coursera for Enterprise) sold to businesses, academic institutions, and government organizations for employee and student upskilling, and tuition from accredited online degree programs delivered in partnership with universities.

Products and services

Products include individual courses (13,500+), specializations (1,900+), entry-level Professional Certificates (95+), guided projects (2,000+), and university degree programs. AI-powered features include Coursera Coach for personalized instruction, Role Play for soft-skills practice, Course Builder for AI-assisted course authoring, and AI translation and dubbing in up to five languages. Enterprise offerings include Admin Dashboard and Reporting, LevelSets, Career Academy, Career Academy Plus, and academic integrity tools. Coursera Labs provides browser-based hands-on projects using tools such as Python, Jupyter Notebooks, and VS Code.

Customers and end markets

Customers span three segments: individual consumers seeking career development or skill credentials, enterprise customers including corporations, academic institutions, and government organizations purchasing workforce upskilling, and degree-seeking learners enrolled in university-partnered programs. As of December 31, 2025, approximately 197 million learners had registered on the platform. Generative AI courses attracted 5.0 million enrollments in 2025, with enrollment rate increasing from eight to fifteen enrollments per minute year over year.

Value-chain role

Coursera operates as a two-sided marketplace and distribution platform sitting between content creators (universities and other partners, 375+ as of December 31, 2025) and learners or enterprise buyers. It handles content hosting, credentialing, AI-powered personalization, assessment, and enterprise administration, rather than producing academic content itself.

Geographic exposure

Coursera operates globally, with localized experiences including homepage, payment options, pricing, local partnerships, and content discovery. The platform supports credit recognition through organizations including the American Council on Education (ACE), the European Credit Transfer and Accumulation System (ECTS), and India's National Skills Qualification Framework (NSQF), indicating material presence in North America, Europe, and India. Specific revenue breakdowns by geography are not provided in the excerpts.

Source: SEC 10-K, filed 2026-02-23

Industry: Services-Prepackaged Software Peers: 2U, LLC Covista Inc Perdoceo Education Corp Duolingo Inc Stride Inc Laureate Education Inc Nerdy Inc Strategic Education Inc Udemy Inc