Coursera, Inc.
coursera.orgWhat Do They Do?
Offers online courses, certificates, and degrees to individual learners, employers, and educational or government institutions.
10-K for FY2025, filed Feb 23, 2026Coursera serves learners with educational content and product experiences designed to support skills development and verification for…View ↗
In addition to offering content and credentials directly to individuals at Coursera.org, we also sell directly to organizations and…View ↗
As technology automates more repetitive, predictable, lower-skilled job tasks, individuals around the world are looking to reskill or…View ↗
How Do They Make Money?
Individual learners pay in advance for course and certificate access and monthly or annual catalog subscriptions; universities pay service fees based on enrollment and tuition for hosted degrees. Organizations pay contract fees for continuous platform access and related support.
10-K for FY2025, filed Feb 23, 2026We generate revenue from consumers by selling access to learning content hosted on our platform. Consumer products include single course…View ↗
We also generate Consumer revenue through contracts with universities where we facilitate the delivery of their bachelor’s and master’s…View ↗
There is no direct contractual revenue arrangement between Coursera and degree students, whose contractual arrangement is directly with the…View ↗
We have a stand-ready obligation to provide learners with continuous access to our learning platform and deliver related support services…View ↗
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10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by reportable segment ↗
$757.5M
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10-K for FY2025, filed Feb 23, 2026
$757.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Consumer
Mix
10-K for FY2025, filed Feb 23, 2026 |
66%
FY2022: 56%
|
Consumer, FY2025
$502.2M Sources
|
Mix |
|
Enterprise
Recurring
10-K for FY2025, filed Feb 23, 2026 |
34%
FY2022: 35%
|
Enterprise, FY2025
$255.3M Sources
|
Recurring |
Who Are Their Customers?
Individual learners buy through Coursera.org. Employers, colleges and universities, and government organizations buy directly through Coursera’s sales team; smaller-license customers can use Coursera for Teams on the site, and some organizations purchase through channel partners.
10-K for FY2025, filed Feb 23, 2026In addition to offering content and credentials directly to individuals at Coursera.org, we also sell directly to organizations and…View ↗
Coursera has designed a unified technology platform that allows us to configure a common set of content and features to meet the broad…View ↗
Utilizing these insights, our global Enterprise sales team identifies and engages with potential organizational and institutional customers…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $51M in FY2025, but brought in more cash than it spent: $107.2M of free cash flow.
10-K for FY2025, filed Feb 23, 2026
−$77.4MView ↗
10-K for FY2025, filed Feb 23, 2026
−$51MView ↗
10-K for FY2025, filed Feb 23, 2026
$107.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$80.4MView ↗
- ▲ +931% (Loss)
- vs −$7.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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May 11, 2026
Completed the Udemy combination
Udemy became a wholly owned subsidiary of Coursera.
Sources
8-K, filed May 11, 2026
On May 11, 2026, Coursera, Inc., a Delaware public benefit corporation (the “Company”), completed its previously announced combination with…View ↗
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Mar 17, 2026
Michael Foley was appointed permanent chief financial officer
Sources
8-K, filed Mar 17, 2026
On March 13, 2026, the Board of Directors (the “Board”) of Coursera, Inc. (the “Company”, “we”, “us” and “our”) appointed Michael Foley…View ↗
Growing. Revenue grew 82% in 4 years, from $415.3M in FY2021 to $757.5M in FY2025, about 16% a year.
Who Do They Compete With?
Competes with 2U, Alison, DataCamp, Degreed, Docebo, Eruditus Learning Solutions, Global University Systems, Go1, Google, Great Learning, Khan Academy, LinkedIn, Noodle Partners, OpenAI, OpenSesame, O'Reilly Media, Pearson, Pluralsight, Risepoint, and Simplilearn
10-K for FY2025, filed Feb 23, 2026The ecosystem for global learning, including online education and broader skills development, is highly fragmented and rapidly evolving. We…View ↗
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