COURNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Coursera, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$5.00+0.06 (+1.21%)
Close on Oct 19, 2026
- Market cap
- $1.17B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
54.6%+1.9 pts over 5 years
Operating margin
-10.2%+12.5 pts over 5 years
Net margin
-6.7%+16.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.0% | +13.1% | +20.9% | – | |
| Gross profit | +11.3% | +7.6% | +21.7% | – | |
| Free cash flow | +14.3% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 32.7% | -8.3% | |
| Return on assets | – | – | -5.3% | |
| Current ratio | – | 2.31 | 2.51 | |
| Interest coverage | – | -5548.6× | – | |
| Capex to revenue | – | 1.1% | 0.2% | |
| Diluted shares | – | 37M | 164M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Coursera generated $273.60M from operations and spent $102.53M on capital expenditure, dividends and share buybacks. 7% of that went back into the business.
Generated
$273.60M
Used
$102.53M
Capital expenditure$7.33M7%Dividends$00%Share buybacks$95.20M93%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.7%
×Asset turnover0.78×
×Equity multiplier1.57×
=Return on equity, FY2025-8.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.7% | 0.78× | 1.57× | -8.3% |
| FY2024 | -11.4% | 0.75× | 1.53× | -13.1% |
| FY2023 | -18.3% | 0.68× | 1.43× | -17.8% |
| FY2022 | -33.5% | 0.55× | 1.33× | -24.4% |
| FY2021 | -35.0% | 0.60× | 2.65× | -55.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$51.00M
- Cash generatingOperating cash flow above zero$108.70M
- Return on assets improvedROA up on the prior year-8.6% → -5.5%
- Earnings backed by cashOperating cash flow above net income$108.70M vs -$51.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.54 → 2.51
- No dilutionShare count did not rise157M → 164M
- Gross margin improvedGross margin up on the prior year53.46% → 54.57%
- More efficientAsset turnover rose0.75 → 0.81