Earnings summaries and quarterly performance for Coursera.
Executive leadership at Coursera.
Board of directors at Coursera.
Research analysts who have asked questions during Coursera earnings calls.
JB
Josh Baer
Morgan Stanley
8 questions for COUR
Also covers: ASAN, BIGC, BOX +19 more
Ryan MacDonald
Needham & Company
6 questions for COUR
Also covers: ACCD, AMWL, BNED +21 more
Rishi Jaluria
RBC Capital Markets
5 questions for COUR
Also covers: AKAM, ASAN, BOX +22 more
BS
Bryan Smilek
JPMorgan Chase & Co.
4 questions for COUR
Also covers: CHGG, CRTO, DUOL +4 more
NG
Nafeesa Gupta
Bank of America
4 questions for COUR
Also covers: TRIP, UDMY
Stephen Sheldon
William Blair
4 questions for COUR
Also covers: AGYS, ALRM, CBRE +10 more
Jeffrey Silber
BMO Capital Markets
3 questions for COUR
Also covers: AMN, ASGN, ATGE +19 more
Stephen Sheldon
William Blair & Company
3 questions for COUR
Also covers: AGYS, ALRM, APEI +11 more
CG
Claire Gerdes
UBS
2 questions for COUR
DA
Devin Au
KeyBanc Capital Markets Inc.
2 questions for COUR
Also covers: APPN, CHGG, INST +5 more
MS
Matt Shea
Needham
2 questions for COUR
Also covers: DH, VEEV
RG
Ryan Griffin
BMO Capital Markets
2 questions for COUR
Also covers: AMN, ASGN, EFX +6 more
Taylor McGinnis
UBS
2 questions for COUR
Also covers: ADSK, AMPL, ASAN +15 more
BP
Brian Peterson
Raymond James Financial
1 question for COUR
Also covers: BIGC, BLKB, BOX +22 more
Jessica
Raymond James & Associates
1 question for COUR
Also covers: IOT, PCTY
JR
Jessica Reif
Bank of America
1 question for COUR
Also covers: CMCSA, SIRI
Sarang Vora
Telsey Advisory Group
1 question for COUR
Also covers: BRCC, VITL, WEST +2 more
Yi Fu Lee
Cantor Fitzgerald
1 question for COUR
Also covers: CSGS, DCBO, DOMO +4 more
Recent press releases and 8-K filings for COUR.
Coursera Discusses 2025 Growth and Udemy Merger Strategy
COUR
M&A
Share Buyback
Revenue Acceleration/Inflection
- Coursera reported accelerated growth in 2025, achieving 9% for the full year, more than double initial guidance, with the consumer segment growing 12% in Q4.
- The company's primary strategic focus is the integration of Udemy, aiming for a combined $1.5 billion in revenue split evenly between consumer and enterprise, and targeting $115 million in annualized run rate cost savings.
- Following the merger, the combined entity is expected to have $1.2 billion to $1.3 billion in cash and no debt, with a commitment to a sizable share buyback at close and plans to pursue inorganic growth.
- Coursera introduced a 15% platform fee on January 1st, 2026, to boost investment in AI-driven platform innovation, reflecting strong demand for GenAI content, with an enrollment every 4 seconds.
Mar 3, 2026, 9:05 PM
Coursera Discusses 2025 Growth, Udemy Acquisition, and AI Strategy
COUR
M&A
Revenue Acceleration/Inflection
New Projects/Investments
- Coursera experienced significant growth acceleration in 2025, with full-year growth reaching 9%, more than double its initial guidance, and consumer growth exiting Q4 2025 at 12%.
- The company's primary strategic priority is the successful execution of the Udemy acquisition, which will result in a combined entity with $1.5 billion of revenue split 50/50 between consumer and enterprise, and a target of $115 million in annualized run rate cost savings.
- Coursera introduced a 15% platform fee on January 1, 2026, to invest in accelerating AI innovation on its platform, which includes an AI-driven tutor called Coach and AI-assisted course creation tools.
- Post-acquisition, the combined company is projected to have $1.2 billion to $1.3 billion of cash on its balance sheet with no debt, and has committed to a sizable share buyback following the close.
Mar 3, 2026, 9:05 PM
Coursera Discusses 2025 Growth, Udemy Acquisition, and AI Strategy
COUR
M&A
Revenue Acceleration/Inflection
Share Buyback
- Coursera reported accelerated growth in 2025, with full-year growth reaching 9%, more than double initial guidance, and the consumer segment growing 12% in Q4 2025.
- The company's primary strategic focus is the acquisition and integration of Udemy, which is projected to result in a combined entity with $1.5 billion in revenue split 50/50 across consumer and enterprise, and $115 million in annualized run rate cost savings.
- Coursera is heavily investing in and leveraging AI, evidenced by GenAI course enrollments doubling to 15 per minute in 2025, and the introduction of a 15% platform fee in January 2026 to fund AI-driven platform innovation.
- Following the merger, the combined entity is expected to have $1.2 billion to $1.3 billion in cash and no debt, with a commitment to a sizable share buyback at close and plans to explore inorganic growth opportunities.
Mar 3, 2026, 9:05 PM
Coursera Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Outlook, and Updates on Udemy Merger
COUR
Earnings
M&A
Guidance Update
- Coursera delivered strong financial results for Q4 2025, with revenue of $197 million (up 10% year-over-year), and full year 2025 revenue of $757 million (up 9% year-over-year). The company also achieved record free cash flow of $78 million in 2025, a 32% increase, and expanded its annual Adjusted EBITDA margin to 8.4%.
- In December 2025, Coursera announced an agreement to combine with Udemy, a transaction expected to generate $115 million in annual run rate cost synergies within 24 months of closing. The merger is currently undergoing regulatory and shareholder approval processes, with an anticipated closing in the second half of 2026.
- A Platform Fee was introduced, effective January 1, 2026, for eligible new sales across Consumer subscriptions/courses and Enterprise offerings. This fee is intended to fund ongoing investment in AI-native platform capabilities and is expected to provide a structural benefit to gross margin over time, with no change to customer pricing.
- For Q1 2026, Coursera expects standalone revenue between $193 million and $197 million and Adjusted EBITDA between $11 million and $15 million. The full year 2026 standalone guidance projects revenue of $805 million to $815 million (6%-8% growth) and Adjusted EBITDA of $70 million to $76 million, targeting an Adjusted EBITDA margin of approximately 9% at the midpoint.
Feb 5, 2026, 10:00 PM
Coursera Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance, and Updates on Udemy Merger
COUR
Earnings
Guidance Update
M&A
- Coursera delivered strong Q4 2025 results, with $197 million in revenue (up 10% year-over-year) and $11 million in Adjusted EBITDA. For the full year 2025, revenue grew 9% to $757 million, achieving record free cash flow of $78 million and an 8.4% Adjusted EBITDA margin.
- The company issued Q1 2026 revenue guidance of $193 million-$197 million and Adjusted EBITDA guidance of $11 million-$15 million. For the full year 2026, Coursera expects revenue of $805 million-$815 million (6%-8% growth) and Adjusted EBITDA of $70 million-$76 million, targeting an approximate 9% Adjusted EBITDA margin.
- Coursera's agreement to combine with Udemy is progressing through regulatory and shareholder approvals, with closing anticipated in the second half of 2026. The merger is expected to generate $115 million in annual run rate cost synergies within 24 months of closing.
- A new 15% Platform Fee, effective January 1, 2026, was introduced for eligible new sales in consumer and enterprise segments to fund AI-native platform investments. This fee is projected to gradually improve gross margins, with initial benefits for consumer margins in H2 2026 and enterprise margins in 2027.
Feb 5, 2026, 10:00 PM
Coursera Announces Q4 and Full-Year 2025 Results and 2026 Guidance
COUR
Earnings
Guidance Update
M&A
- Coursera reported Q4 2025 revenue of $197 million, an increase of 10% year-over-year, contributing to full-year 2025 revenue of $757 million, up 9% year-over-year.
- For full-year 2025, the company generated record free cash flow of $78 million (up 32% from the prior year) and expanded its annual Adjusted EBITDA margin by 240 basis points year-over-year to 8.4%.
- Coursera provided Q1 2026 revenue guidance of $193 million-$197 million and full-year 2026 revenue guidance of $805 million-$815 million, representing 6%-8% growth from the prior year, with an anticipated Adjusted EBITDA margin of approximately 9% at the midpoint.
- The proposed merger with Udemy is progressing through regulatory and shareholder approvals, and is expected to generate $115 million in annual run rate cost synergies within 24 months of closing. Additionally, a new Platform Fee took effect in early 2026, intended to support ongoing platform investment and contribute to gross margin expansion.
Feb 5, 2026, 10:00 PM
Coursera Reports Strong Q4 and Full Year 2025 Results, Announces Udemy Merger, and Provides 2026 Guidance
COUR
Earnings
Guidance Update
M&A
- Coursera delivered fourth quarter 2025 revenue of $197 million, an increase of 10% year over year, contributing to full year 2025 revenue of $757 million, up 9% from the prior year.
- The company generated full year 2025 net cash provided by operating activities of $109 million and a record Free Cash Flow of $78 million.
- In December 2025, Coursera announced a definitive merger agreement to combine with Udemy in an all-stock transaction, which has been unanimously approved by both companies' Boards of Directors.
- For full year 2026, Coursera provides revenue guidance in the range of $805 to $815 million and Adjusted EBITDA guidance between $70 to $76 million.
Feb 5, 2026, 9:12 PM
Coursera Enters Merger Agreement with Udemy
COUR
M&A
Board Change
- Coursera, Inc. entered into a Merger Agreement with Udemy, Inc. on December 17, 2025, under which Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera, will merge with and into Udemy, with Udemy surviving as a wholly owned subsidiary of Coursera.
- Each share of Udemy Common Stock will be converted into the right to receive 0.800 shares of Coursera Common Stock.
- Coursera's Board of Directors unanimously approved the merger, the issuance of Coursera Common Stock, and an amendment to increase authorized shares, recommending stockholder approval.
- Following the merger, the combined company's Board will comprise nine directors, with six from Coursera and three from Udemy. Coursera's Chairman and Chief Executive Officer will maintain their roles.
- The merger is subject to customary closing conditions, including stockholder and regulatory approvals, and has a termination date of December 17, 2026, with potential extensions for regulatory approvals until March 17, 2027, or June 17, 2027.
Dec 17, 2025, 10:17 PM
Coursera to Combine with Udemy in All-Stock Transaction
COUR
M&A
Share Buyback
New Projects/Investments
- Coursera has entered into a definitive agreement to combine with Udemy in an all-stock transaction. Upon closing, existing Coursera shareholders are expected to own approximately 59% and Udemy shareholders approximately 41% of the combined company on a fully diluted basis. The transaction is expected to close by the second half of 2026.
- The combined company is projected to have a pro forma annual revenue exceeding $1.5 billion over the last 12 months, with a gross margin of just over 60% and Adjusted EBITDA of more than $150 million, representing a 10% Adjusted EBITDA margin.
- $115 million of annualized run rate cost synergies have been identified, expected to be fully realized within 24 months of closing. The combined entity will hold nearly $1.2 billion in cash as of the third quarter 2025, and Coursera anticipates executing a sizable share repurchase program following the close.
- Strategically, the combination aims to create a leading technology platform for skills, accelerating AI-native innovation, enhancing global reach, and leveraging complementary strengths in consumer (Coursera's 191 million learners) and enterprise (Udemy's 17,000+ enterprise customers and $525 million of annual recurring revenue) segments.
Dec 17, 2025, 1:00 PM
Coursera Announces Combination with Udemy
COUR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Coursera has entered into a definitive agreement to combine with Udemy in an all-stock transaction.
- Upon closing, existing Coursera shareholders are expected to own approximately 59% of the combined company, and Udemy shareholders approximately 41% on a fully diluted basis.
- The combined pro forma annual revenue exceeds $1.5 billion over the last 12 months, with a trailing 12-month gross margin of just over 60% and more than $150 million of adjusted EBITDA, representing a 10% adjusted EBITDA margin.
- The companies expect to realize $115 million of annualized run rate cost synergies within 24 months of closing.
- The transaction is expected to close by the second half of 2026, subject to shareholder and regulatory approvals.
Dec 17, 2025, 1:00 PM
Quarterly earnings call transcripts for Coursera.
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