📈 Price History

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About

Coursera, Inc. operates an online learning platform that provides education and skills training in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through Consumer and Enterprise segments. The company offers guided projects, courses, and specializations; online bachelor’s and master’s degrees; postgraduate diplomas; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack programs in the domains of business, computer science, technology, and data science through Coursera.org for Individuals, Coursera Plus, Coursera for Enterprise, Coursera for Business, Coursera for Campus, and Coursera for Government. It offers its products to individuals, businesses, institutions, employers, colleges and universities, organizations, and governments. The company was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. Coursera, Inc. was incorporated in 2011 and is headquartered in Mountain View, California.

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📈 Growth Pattern

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⭐ Superinvestors Holding COUR

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	1.39M	$8.1M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 2 quarters analysed

Q3 2025

Confident Specific

Management repeatedly uses positive language like 'strong', 'excited', 'pleased', and provides specific numbers (e.g., 13% consumer growth, 7.7 million new learners). They raised full-year revenue guidance from 4% to 8-9%, reinforcing a narrative of improving execution and momentum.

Q1 2026 latest

Confident Specific

Management used specific metrics (7.6M new learners, 57% gross margin, 9% revenue growth) and repeatedly described the quarter as 'strong' and 'solid execution'. Acknowledged enterprise challenges but framed them as transient execution issues, not structural.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call due to sustained consumer momentum and accelerating AI engagement, which are delivering tangible revenue growth and margin expansion. However, enterprise weakness remains a persistent headwind and is only partially offset by campus and government growth. The Udemy merger is a major catalyst but introduces integration risk and potential revenue dis-synergies. Key metrics to watch next quarter: consumer segment growth trajectory, enterprise ACV changes, and any early signs of cross-sell from the combined entity post-close. The company's reaffirmation of full-year guidance provides near-term confidence, but execution in Coursera for Business is critical for a full thesis upgrade.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 2 quarters Full tone analysis in Intelligence →

📊 MIXED Coursera Q1 2026: Revenue $196M (+9% YoY), 205M learners, 57% gross margin

Revenue & Profitability

Total revenue was $196 million, up 9% year-over-year. Gross profit was $111 million (+11%), net income was $12 million (6.3% of revenue), and adjusted EBITDA was nearly $14 million (6.9% of revenue). Operating expenses were $103 million (53% of revenue). Free cash flow was $3 million, or approximately $14 million excluding $11 million in one-time M&A transaction costs.

Outlook

Management sees strong demand tailwinds from AI adoption, with enrollments in AI courses accelerating to over 20 per minute and critical thinking course enrollments up 120% year-over-year. However, the enterprise environment remains mixed, particularly for Coursera for Business, due to consolidating tech stacks and pressured L&D budgets. The company reaffirmed full-year 2026 revenue of $805–815 million (6–8% growth) and adjusted EBITDA margin target of approximately 9% (standalone).

Growth Drivers

Key growth drivers include the Consumer segment's fourth consecutive quarter of double-digit revenue growth (+10% in Q1), driven by Coursera Plus subscription adoption and strong uptake of annual promotions. Geographic expansion outside the U.S., especially in India, and the launch of new AI content (over 1,300 AI courses, Google's first AI professional certificate, 11 new Microsoft professional certificates) are fueling engagement. The platform fee introduced at the beginning of 2026 is also expected to structurally improve gross margins over time.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Non-GAAP gross margin reached 57%, up 80 basis points year-over-year, the highest in three years. Consumer segment gross margin improved 160 bps to 63%, and enterprise segment gross margin improved 80 bps to 71%. Improvements are driven by the newly introduced platform fee and higher engagement with Coursera-produced content. The company reaffirmed its full-year 2026 adjusted EBITDA margin target of approximately 9% (standalone).

Key Risks

Management flagged a challenging macro environment for Coursera for Business, including longer and more variable enterprise sales cycles and pressure on L&D budgets. The planned Udemy combination carries revenue dis-synergy risk on the approximately 20% overlapping enterprise ARR, though this is already factored into the $115 million synergy target. Completion of the transaction remains subject to regulatory approval in one country.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-29

Q2 revenue surged 60% year-over-year to $299 million, driven by the Udemy merger, with gross margin expanding to 62%. Integration is ahead of schedule, with $85 million in annual synergies expected by year-end, and a $100 million investment in LearnVector aims to accelerate AI-native learning innovation.

Q1 2026 Q1 2026 2026-04-23

Q1 2026 revenue grew 9% year-over-year to $196M, driven by strong consumer momentum and record new learners. Gross margin reached a three-year high, and full-year guidance was reaffirmed, with the Udemy merger expected to deliver significant synergies and accelerate innovation.

Q4 2025 Q4 2025 2026-02-05

Delivered strong Q4 and 2025 results with 9% revenue growth, record free cash flow, and margin expansion. Announced Udemy merger, introduced a Platform Fee to support AI investments, and guided for continued growth in 2026, with consumer segment leading.

Q3 2025 Q3 2025 2025-10-23

Q3 revenue grew 10% year-over-year to $194M, driven by strong consumer growth and Coursera Plus adoption. Full-year revenue guidance was raised to $750–$754M, with continued investment in AI-driven innovation and international expansion. Enterprise growth remains muted amid macro uncertainty.

Q2 2025 Q2 2025 2025-07-24

Q2 2025 saw 10% revenue growth to $187M, strong free cash flow, and raised full-year guidance. Consumer and enterprise segments both grew 10%, with improved margins and record new learners. Macro uncertainty remains a risk, but investments in AI and content are fueling growth.

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