Coursera, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $184.4m $293.5m $415.3m $523.8m $635.8m $694.7m $757.5m
Cost of revenue $89.6m $138.8m $165.8m $192.3m $306.0m $323.3m $344.1m
Gross profit $94.8m $154.7m $249.5m $331.5m $329.8m $371.4m $413.4m
Research and development $56.4m $76.8m $135.4m $165.1m $160.1m $132.0m $121.6m
Total operating expenses $143.2m $221.2m $392.5m $508.9m $475.4m $484.6m $490.8m
Sales and marketing $57.0m $107.2m $179.3m $227.7m $222.8m $234.9m $255.7m
General and administrative $29.8m $37.2m $77.8m $105.9m $98.3m $108.7m $114.4m
Restructuring related charges $0 $0 $10.1m ($5.8m) $8.9m ($900k)
Loss from operations ($48.4m) ($66.6m) ($143.1m) ($177.4m) ($145.6m) ($113.2m) ($77.4m)
Interest income, net $3.3m $1.2m $320k $9.1m $34.4m $36.7m $32.0m
Loss before income taxes ($46.0m) ($65.3m) ($143.1m) ($170.6m) ($111.2m) ($78.5m) ($45.9m)
Net loss ($46.7m) ($66.8m) ($145.2m) ($175.4m) ($116.6m) ($79.5m) ($51.0m)
Net loss per share—basic (in dollars per share) ($2) ($1) ($1) ($1) ($1) ($0)
Net loss per share—diluted (in dollars per share) ($2) ($1) ($1) ($1) ($1) ($0)
Weighted average shares used in computing net loss per share—basic (in shares) ($2) ($1) ($1) ($1) ($1) ($0)
Weighted average shares used in computing net loss per share—diluted (in shares) ($2) ($1) ($1) ($1) ($1) ($0)
Other income (expense), net ($264k) ($120k) ($346k) ($2.4m) ($19k) ($2.0m) ($500k)
Income tax expense $718k $1.5m $2.1m $4.7m $5.4m $1.0m $5.1m