← Coursera, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $79.9m | $580.7m | $320.8m | $656.3m | $726.1m | $792.6m | |
| Accounts receivable, net | $40.7m | $34.4m | $53.7m | $67.4m | $59.7m | $65.4m | |
| Prepaid expenses and other current assets | $15.0m | $16.5m | $17.6m | $16.6m | $20.2m | $20.5m | |
| Total current assets | $355.1m | $892.3m | $876.0m | $832.5m | $830.7m | $898.1m | |
| Property, equipment, and software, net | $18.6m | $24.7m | $27.1m | $30.4m | $36.9m | $43.4m | |
| Intangible assets, net | $10.6m | $10.1m | $8.6m | $11.7m | $24.5m | $27.1m | |
| Other assets | $9.2m | $13.4m | $26.4m | $41.2m | $35.2m | $31.4m | |
| Deferred costs, net | $14.1m | $19.7m | $24.1m | $26.4m | $24.7m | $19.6m | |
| Content liabilities | $39.0m | $49.2m | $66.4m | $101.0m | $101.9m | $100.0m | |
| Other current liabilities | $4.7m | $7.6m | $7.2m | $7.7m | $12.8m | $10.5m | |
| Other liabilities | $644k | $559k | $1.7m | $3.2m | $805k | $5.0m | |
| Total stockholders’ equity | ($221.8m) | $741.5m | $694.6m | $616.2m | $597.4m | $635.7m | |
| Total assets | $417.6m | $958.9m | $947.6m | $920.5m | $930.3m | $1.0b | |
| Total liabilities and stockholders’ equity | $417.6m | $958.9m | $947.6m | $920.5m | $930.3m | $1.0b | |
| Other accounts payable and accrued expenses | $12.9m | $23.3m | $23.3m | $23.5m | $21.4m | $29.8m | |
| Accrued compensation and benefits | $13.0m | $18.4m | $21.2m | $22.3m | $31.6m | $36.7m | |
| Deferred revenue, current | $76.1m | $94.6m | $115.7m | $137.2m | $159.7m | $180.9m | |
| Deferred revenue, non-current | $4.6m | $3.9m | $3.1m | $2.9m | $1.6m | $1.4m | |
| Total current liabilities | $153.6m | $201.1m | $242.4m | $298.3m | $327.5m | $357.9m | |
| Total liabilities | $177.2m | $217.4m | $253.0m | $304.3m | $332.9m | $364.3m | |
| Preferred stock, $0.00001 par value—10.0 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.00001 par value—300.0 shares authorized as of December 31, 2025 and December 31, 2024; 167.9 shares issued and outstanding as of December 31, 2025, and 165.3 shares issued and 160.1 shares outstanding as of December 31, 2024 | 0 | 1k | 1k | 2k | 2k | 0 | |
| Additional paid-in capital | $126.4m | $1.2b | $1.4b | $1.5b | $1.5b | $1.5b | |
| Treasury stock, at cost—none and 5.2 shares as of December 31, 2025 and 2024 | ($4.7m) | ($4.7m) | ($4.7m) | ($63.2m) | ($49.0m) | $0 | |
| Accumulated deficit | ($343.6m) | ($488.8m) | ($664.1m) | ($780.7m) | ($860.2m) | ($911.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.