Coursera, Inc. (COUR) Income Statement
COUR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOUR revenue and net income
Where COUR's revenue goes
2025Each bar shows an amount and its share of revenue. COUR kept −6.7% of revenue as net income.
COUR profit margins
COUR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.0% | +13.1% | +20.9% | — |
| Gross profit | +11.3% | +7.6% | +21.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +17.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COUR quarterly EPS vs estimates
Coursera beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.07).
COUR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $757.5M | $694.7M | $635.8M | $523.8M | $415.3M | $293.5M | $184.4M |
| Cost of revenue | $344.1M | $323.3M | $306.0M | $192.3M | $165.8M | $138.8M | $89.6M |
| Gross profit | $413.4M | $371.4M | $329.8M | $331.5M | $249.5M | $154.7M | $94.8M |
| Research & development | $121.6M | $132.0M | $160.1M | $165.1M | $135.4M | $76.8M | $56.4M |
| Sales, general & admin | $370.1M | $343.6M | $321.1M | $333.6M | $257.1M | $144.5M | $86.9M |
| Total operating expenses | $491.7M | $484.6M | $481.2M | $508.9M | $392.5M | $221.2M | $143.2M |
| Operating income | −$78.3M | −$113.2M | −$145.6M | −$177.4M | −$143.1M | −$66.6M | −$48.4M |
| Interest income | $32.0M | $36.7M | $30.8M | $9.1M | $320,000 | $1.2M | $3.3M |
| Interest expense | — | — | — | $9.1M | $12,000 | $12,000 | $625,000 |
| Income before taxes | −$45.9M | −$78.5M | −$111.2M | −$170.6M | −$143.1M | −$65.3M | −$46.0M |
| Income taxes | $5.1M | $1.0M | $5.4M | $4.7M | $2.1M | $1.5M | $718,000 |
| Net income | −$51.0M | −$79.5M | −$116.6M | −$175.4M | −$145.2M | −$66.8M | −$46.7M |
| EBITDA | −$17.1M | −$79.2M | −$145.6M | −$148.7M | −$128.3M | −$55.7M | −$40.1M |
| EPS (diluted) | $0.40 | $0.34 | −$0.19 | −$0.37 | −$0.60 | −$0.54 | −$0.43 |
| Gross margin | 54.6% | 53.5% | 51.9% | 63.3% | 60.1% | 52.7% | 51.4% |
| Operating margin | −10.3% | −16.3% | −22.9% | −33.9% | −34.4% | −22.7% | −26.2% |
| Net margin | −6.7% | −11.4% | −18.3% | −33.5% | −35.0% | −22.8% | −25.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $298.6M | $195.7M | $196.9M | $194.2M | $187.1M | $179.3M | $179.2M | $176.1M | $170.3M | $169.1M | $168.9M | $165.5M |
| Cost of revenue | $125.2M | $87.1M | $90.1M | $88.2M | $84.4M | $81.4M | $83.7M | $79.9M | $80.2M | $79.6M | $79.6M | $82.3M |
| Gross profit | $173.4M | $108.6M | $106.8M | $106.0M | $102.7M | $97.9M | $95.5M | $96.2M | $90.2M | $89.5M | $89.3M | $83.3M |
| Research & development | $43.7M | $31.3M | $32.8M | $30.0M | $29.3M | $29.5M | $32.1M | $31.6M | $33.7M | $34.6M | $37.4M | $37.6M |
| Sales, general & admin | $134.6M | $102.6M | $106.3M | $91.6M | $88.5M | $83.7M | $87.1M | $86.4M | $87.6M | $82.6M | $80.5M | $85.2M |
| Total operating expenses | $258.1M | $133.9M | $139.1M | $121.6M | $117.8M | $112.3M | $126.0M | $118.0M | $121.3M | $119.3M | $117.9M | $122.9M |
| Operating income | −$84.7M | −$25.3M | −$32.3M | −$15.6M | −$15.1M | −$14.4M | −$30.5M | −$21.8M | −$31.2M | −$29.8M | −$28.6M | −$39.6M |
| Interest income | $7.7M | $7.1M | $7.9M | $8.3M | $8.0M | $7.8M | $8.5M | $9.4M | $9.3M | $9.6M | $9.3M | $8.9M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $19.5M | — |
| Income before taxes | −$78.3M | −$19.1M | −$24.8M | −$7.8M | −$7.0M | −$6.3M | −$23.9M | −$12.2M | −$21.9M | −$20.5M | −$19.0M | −$31.1M |
| Income taxes | $2.1M | $1.4M | $2.0M | $800,000 | $800,000 | $1.5M | −$2.3M | $1.5M | $1.0M | $800,000 | $1.3M | $1.0M |
| Net income | −$80.4M | −$20.5M | −$26.8M | −$8.6M | −$7.8M | −$7.8M | −$21.6M | −$13.7M | −$23.0M | −$21.3M | −$20.4M | −$32.1M |
| EBITDA | −$68.4M | −$11.6M | −$17.8M | −$500,000 | $400,000 | −$8.2M | −$17.4M | −$6.1M | −$24.9M | −$21.3M | −$13.3M | −$25.4M |
| EPS (diluted) | $0.07 | $0.07 | $0.06 | $0.10 | $0.12 | $0.12 | $0.08 | $0.10 | $0.09 | $0.07 | $0.06 | −$0.01 |
| Gross margin | 58.1% | 55.5% | 54.2% | 54.6% | 54.9% | 54.6% | 53.3% | 54.7% | 52.9% | 52.9% | 52.9% | 50.3% |
| Operating margin | −28.4% | −12.9% | −16.4% | −8.0% | −8.1% | −8.0% | −17.0% | −12.4% | −18.3% | −17.6% | −16.9% | −23.9% |
| Net margin | −26.9% | −10.5% | −13.6% | −4.4% | −4.2% | −4.4% | −12.1% | −7.8% | −13.5% | −12.6% | −12.1% | −19.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COUR's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COUR financial results
In fiscal year 2025 (ended December 31, 2025), Coursera reported revenue of $757.5 million, up 9.0% from the year before. It had a net loss of $51.0 million, a net profit margin of −6.7%. Diluted earnings per share came to $0.40. Over five years revenue grew at an average rate of 20.9% a year.
See the COUR stock overview for the latest quote and news, or the COUR chart for price history and technical indicators.
COUR income statement FAQ
What is Coursera's annual revenue?
Coursera reported total revenue of $757.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.0% from $694.7 million the previous year.
Is Coursera profitable?
No. Coursera reported a net loss of $51.0 million in fiscal 2025, a net profit margin of −6.7%; its operating margin was −10.3%.
What is Coursera's gross margin?
Coursera's gross margin was 54.6% in fiscal 2025: for every $100 of revenue, Coursera kept $55 after the direct cost of its products and services.
How much does Coursera spend on research and development?
Coursera spent $121.6 million on research and development in fiscal 2025, 16.1% of revenue.
How fast is Coursera growing?
Revenue grew 20.9% a year on average over the last five fiscal years, from $293.5 million to $757.5 million.
What are Coursera's earnings per share?
Coursera earned $0.40 per diluted share in fiscal 2025, compared with $0.34 a year earlier.
When will Coursera report its next earnings?
Coursera is expected to report results for the quarter ending September 30, 2026 on October 22, 2026.
When does Coursera's fiscal year end?
Coursera's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.