COUR financial statements
The full income statement, balance sheet, and cash-flow statement for Coursera Inc. (COUR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 758M+9.0% | 695M+9.3% | 636M+21.4% | 524M+26.1% | 415M+41.5% | |
| 413M+11.3% | 371M+12.6% | 330M-0.5% | 331M+32.9% | 249M+61.3% | ||
| Cost of revenue | 344M+6.4% | 323M+5.7% | 306M+59.1% | 192M+16.0% | 166M+19.4% | |
| 491M+1.3% | 485M+1.9% | 475M-6.6% | 509M+29.6% | 393M+77.4% | ||
| Research & development | 122M-7.9% | 132M-17.5% | 160M-3.0% | 165M+22.0% | 135M+76.4% | |
| Selling, general & administrative | 114M+5.2% | 109M+10.6% | 98.3M-7.2% | 106M+36.1% | 77.8M+109.0% | |
| General & administrative | 114M+5.2% | 109M+10.6% | 98.3M-7.2% | 106M+36.1% | 77.8M+109.0% | |
| Selling & marketing | 256M+8.9% | 235M+5.4% | 223M-2.1% | 228M+27.0% | 179M+67.2% | |
| Restructuring | -900K-110.1% | 8.90M+253.4% | -5.80M-157.1% | 10.1M | 0.00 | |
| Amortization of intangibles | — | 5.50M+83.3% | 3.00M+13.7% | 2.64M+17.6% | 2.24M+52.5% | |
| Operating income | -77.4M+31.6% | -113M+22.3% | -146M+17.9% | -177M-24.0% | -143M-114.9% | |
| Interest expense | — | — | — | — | 0.00-100.0% | |
| Interest & investment income | 32.0M-12.8% | 36.7M+6.7% | 34.4M+276.2% | 9.14M+2757.5% | 320K-72.5% | |
| Other non-operating income | -500K+75.0% | -2.00M | 0.00+100.0% | -2.40M-593.9% | -346K-388.3% | |
| Pre-tax income | -45.9M+41.5% | -78.5M+29.4% | -111M+34.8% | -171M-19.3% | -143M-119.1% | |
| Income tax | 5.10M+410.0% | 1.00M-81.5% | 5.40M+14.4% | 4.72M+122.0% | 2.13M+40.3% | |
| -51.0M+35.8% | -79.5M+31.8% | -117M+33.5% | -175M-20.8% | -145M-117.3% | ||
| Net income to common | -51.0M+35.8% | -79.5M+31.8% | -117M+33.5% | -175M-20.8% | -145M-117.3% | |
| -$0.31+39.2% | -$0.51+33.8% | -$0.77+36.4% | -$1.21+5.5% | -$1.28+28.9% | ||
| EPS (basic) | -$0.31+39.2% | -$0.51+33.8% | -$0.77+36.4% | -$1.21+5.5% | -$1.28+28.9% | |
| Weighted-avg shares (basic) | 164M+4.1% | 157M+4.2% | 151M+3.9% | 145M+27.9% | 114M+205.3% | |
| Weighted-avg shares (diluted) | 164M+4.1% | 157M+4.2% | 151M+3.9% | 145M+27.9% | 114M+205.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 898M+8.1% | 831M-0.2% | 832M-5.0% | 876M-1.8% | 892M+151.3% | ||
| Cash & equivalents | 793M+9.2% | 726M+10.6% | 656M+104.6% | 321M-44.7% | 581M+626.9% | |
| Short-term investments | 0.00 | 0.00-100.0% | 65.7M-85.7% | 460M+90.6% | 241M+17.4% | |
| Accounts receivable | 65.4M+9.5% | 59.7M-11.4% | 67.4M+25.5% | 53.7M+56.2% | 34.4M-15.5% | |
| Prepaid expenses | 20.5M+1.5% | 20.2M+21.6% | 16.6M-5.8% | 17.6M+6.9% | 16.5M+10.0% | |
| 1.00B+7.5% | 930M+1.1% | 921M-2.9% | 948M-1.2% | 959M+129.6% | ||
| Property, plant & equipment | 43.4M+17.6% | 36.9M+21.3% | 30.4M+12.2% | 27.1M+9.6% | 24.7M+32.6% | |
| Operating lease right-of-use | — | 3.00M-36.7% | 4.74M-50.7% | 9.61M-41.1% | 16.3M-24.5% | |
| Goodwill | 0.00 | — | — | — | — | |
| Intangible assets | 27.1M+10.6% | 24.5M+109.0% | 11.7M+37.0% | 8.55M-15.2% | 10.1M-4.5% | |
| Other non-current assets | 31.4M-17.8% | 38.2M-7.2% | 41.2M+56.3% | 26.4M+70.7% | 15.4M+68.4% | |
| 358M+9.3% | 328M+9.8% | 298M+23.0% | 242M+20.5% | 201M+30.9% | ||
| Accounts payable | 100M-3.9% | 104M+3.0% | 101M+52.2% | 66.4M+34.9% | 49.2M+26.2% | |
| Deferred revenue | 181M+13.3% | 160M+16.4% | 137M+18.6% | 116M+22.3% | 94.6M+24.4% | |
| Current lease liability | 1.80M+4086.0% | 43.0K-99.3% | 6.56M-24.3% | 8.66M+7.8% | 8.03M+1.3% | |
| Other current liabilities | 10.5M-18.6% | 12.9M+67.6% | 7.70M+6.9% | 7.20M-5.7% | 7.64M+61.2% | |
| 364M+9.4% | 333M+9.4% | 304M+20.3% | 253M+16.4% | 217M+22.7% | ||
| Deferred revenue (non-current) | 1.40M-12.5% | 1.60M-44.1% | 2.86M-7.0% | 3.08M-20.1% | 3.85M-15.6% | |
| Non-current lease liability | 3.90M+30.0% | 3.00M+7592.3% | 39.0K-99.3% | 5.79M-51.2% | 11.9M-35.2% | |
| Operating lease liability (total) | 5.70M+86.0% | 3.06M-53.5% | 6.60M-54.3% | 14.4M-27.4% | 19.9M | |
| Other non-current liabilities | 5.00M+31.6% | 3.80M+19.5% | 3.18M+85.5% | 1.71M+206.6% | 559K-13.2% | |
| 636M+6.4% | 597M-3.1% | 616M-11.3% | 695M-6.3% | 742M+434.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 0.00 | 0.00-100.0% | 2.00K+100.0% | 1.00K+0.0% | 1.00K | |
| Additional paid-in capital | 1.55B+2.7% | 1.51B+3.2% | 1.46B+7.0% | 1.36B+10.4% | 1.24B+877.2% | |
| Retained earnings | -911M-5.9% | -860M-10.2% | -781M-17.6% | -664M-35.9% | -489M-42.3% | |
| Treasury stock | 0.00-100.0% | 49.1M-22.3% | 63.2M+1243.4% | 4.70M+0.0% | 4.70M+0.0% | |
| Accumulated other comprehensive income | 0.00 | 0.00-100.0% | 59.0K+108.2% | -718K-184.9% | -252K-1360.0% | |
| Total liabilities & equity | 1.00B+7.5% | 930M+1.1% | 921M-2.9% | 948M-1.2% | 959M+129.6% | |
| Common shares issued | 168M+1.6% | 165M+1.5% | 163M+8.1% | 151M+4.2% | 145M+258.9% | |
| Common shares outstanding | 168M+4.9% | 160M+3.1% | 155M+5.0% | 148M+4.2% | 142M+252.1% | |
| Shares outstanding (cover) | 168M+5.0% | 160M+2.1% | 157M+4.9% | 150M+4.4% | 143M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 109M+13.9% | 95.4M+221.2% | 29.7M+178.1% | -38.1M-2279.3% | 1.75M+111.6% | ||
| Depreciation & amortization | 28.8M+14.7% | 25.1M+12.6% | 22.3M+20.5% | 18.5M+25.4% | 14.8M+54.0% | |
| Intangible amortization | — | 5.50M+83.3% | 3.00M+13.7% | 2.64M+17.6% | 2.24M+52.5% | |
| Share-based compensation | 95.1M-12.0% | 108M-1.4% | 110M-1.1% | 111M+21.5% | 91.2M+442.5% | |
| Deferred income taxes | -100K-133.3% | 300K-25.0% | 400K+217.3% | -341K+62.5% | -910K | |
| Change in receivables | 5.70M+179.2% | -7.20M-148.6% | 14.8M-28.1% | 20.6M+451.3% | -5.86M-124.3% | |
| -30.2M-201.0% | 29.9M-92.2% | 385M+264.4% | -234M-353.5% | -51.6M+49.1% | ||
| Capital expenditure | 1.50M-6.3% | 1.60M+45.5% | 1.10M-30.3% | 1.58M+1.5% | 1.55M-49.9% | |
| Free cash flow | 107M+14.3% | 93.8M+228.0% | 28.6M+172.2% | -39.6M-20740.1% | 192K+101.1% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -13.5M+75.5% | -55.0M+30.6% | -79.3M-748.2% | 12.2M-97.8% | 550M+295.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 36.7M-37.3% | 58.5M | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 65.0M-7.5% | 70.3M-79.0% | 335M+229.0% | -260M-151.9% | 500M+2115.5% | |
| Interest paid | — | — | — | 0.00 | 0.00-100.0% | |
| Income taxes paid | 6.00M+13.2% | 5.30M-17.2% | 6.40M+57.5% | 4.06M+43.2% | 2.84M+145.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.24B-9.1% | 1.36B-53.9% | 2.95B+70.4% | 1.73B-50.5% | 3.50B | |
| P/S | 1.6×-16.6% | 2.0×-59.6% | 4.9×+38.9% | 3.5×-58.6% | 8.4× | |
| P/B | 1.9×-14.6% | 2.3×-52.7% | 4.8×+97.0% | 2.4×-48.2% | 4.7× | |
| P/FCF | 11.5×-20.5% | 14.5×-94.4% | 258.9× | — | 18241.1× | |
| FCF yield | 8.7%+25.7% | 6.9%+1683.7% | 0.39% | — | 0.01% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: COUR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all COUR filings on SEC EDGAR → Not investment advice.
