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Coursera (COUR) Financials

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$6.96 +0.12 (+1.68%)
Closing price 03:59 PM Eastern
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$6.84 -0.13 (-1.87%)
As of 05:34 PM Eastern
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Annual Income Statements for Coursera

Annual Income Statements for Coursera

This table shows Coursera's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-47 -67 -145 -175 -117 -80
Consolidated Net Income / (Loss)
-47 -67 -145 -175 -117 -80
Net Income / (Loss) Continuing Operations
-47 -67 -145 -175 -117 -80
Total Pre-Tax Income
-46 -65 -143 -171 -111 -79
Total Operating Income
-48 -67 -143 -177 -146 -113
Total Gross Profit
95 155 249 331 330 371
Total Revenue
184 294 415 524 636 695
Operating Revenue
184 294 415 524 636 695
Total Cost of Revenue
90 139 166 192 306 323
Operating Cost of Revenue
90 139 166 192 306 323
Total Operating Expenses
143 221 393 509 475 485
Selling, General & Admin Expense
30 37 78 106 98 109
Marketing Expense
57 107 179 228 223 235
Research & Development Expense
56 77 135 165 160 132
Restructuring Charge
- 0.00 0.00 10 -5.81 8.94
Total Other Income / (Expense), net
2.39 1.28 -0.03 6.74 34 35
Interest & Investment Income
3.28 1.16 0.32 9.14 34 37
Other Income / (Expense), net
-0.26 0.12 -0.35 -2.40 -0.02 -2.01
Income Tax Expense
0.72 1.52 2.13 4.72 5.37 1.03
Basic Earnings per Share
($1.45) ($1.80) ($1.28) ($1.21) ($0.77) ($0.51)
Weighted Average Basic Shares Outstanding
32.28M 37.21M 113.59M 145.26M 150.96M 157.37M
Diluted Earnings per Share
($1.45) ($1.80) ($1.28) ($1.21) ($0.77) ($0.51)
Weighted Average Diluted Shares Outstanding
32.28M 37.21M 113.59M 145.26M 150.96M 157.37M
Weighted Average Basic & Diluted Shares Outstanding
32.28M 37.21M 113.59M 149.65M 156.95M 160.21M

Quarterly Income Statements for Coursera

This table shows Coursera's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
-36 -52 -32 -32 -32 -20 -21 -23 -14 -22
Consolidated Net Income / (Loss)
-36 -52 -32 -32 -32 -20 -21 -23 -14 -22
Net Income / (Loss) Continuing Operations
-36 -52 -32 -32 -32 -20 -21 -23 -14 -22
Total Pre-Tax Income
-35 -50 -31 -30 -31 -19 -20 -22 -12 -24
Total Operating Income
-36 -56 -39 -38 -40 -29 -30 -31 -22 -30
Total Gross Profit
88 88 77 80 83 89 89 90 96 96
Total Revenue
136 142 148 154 166 169 169 170 176 179
Operating Revenue
136 142 148 154 166 169 169 170 176 179
Total Cost of Revenue
49 54 70 74 82 80 80 80 80 84
Operating Cost of Revenue
49 54 70 74 82 80 80 80 80 84
Total Operating Expenses
124 144 117 118 123 118 119 121 118 126
Selling, General & Admin Expense
26 29 26 25 25 22 25 30 27 27
Marketing Expense
59 62 53 52 60 58 58 58 59 60
Research & Development Expense
39 43 44 41 38 37 35 34 32 32
Restructuring Charge
0.00 10 -5.66 -0.15 0.00 - 2.10 0.04 0.00 6.80
Total Other Income / (Expense), net
1.33 5.84 8.14 8.23 8.53 9.51 9.30 9.27 9.59 6.57
Interest & Investment Income
2.30 5.67 8.04 8.24 8.86 9.30 9.58 9.29 9.37 8.49
Other Income / (Expense), net
-0.98 0.17 0.10 -0.01 -0.33 0.21 -0.29 -0.02 0.22 -1.92
Income Tax Expense
1.01 1.54 1.43 1.60 1.04 1.31 0.81 1.03 1.51 -2.32
Basic Earnings per Share
($0.25) ($0.35) ($0.22) ($0.21) ($0.21) ($0.13) ($0.14) ($0.15) ($0.09) ($0.13)
Weighted Average Basic Shares Outstanding
146.02M 145.26M 148.97M 150.26M 150.85M 150.96M 156.38M 156.29M 157.61M 157.37M
Diluted Earnings per Share
($0.25) ($0.35) ($0.22) ($0.21) ($0.21) ($0.13) ($0.14) ($0.15) ($0.09) ($0.13)
Weighted Average Diluted Shares Outstanding
146.02M 145.26M 148.97M 150.26M 150.85M 150.96M 156.38M 156.29M 157.61M 157.37M
Weighted Average Basic & Diluted Shares Outstanding
146.58M 149.65M 150.72M 149.69M 152.55M 156.95M 156.11M 156.92M 158.40M 160.21M

Annual Cash Flow Statements for Coursera

This table details how cash moves in and out of Coursera's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
27 23 500 -260 335 70
Net Cash From Operating Activities
-21 -15 1.75 -38 30 95
Net Cash From Continuing Operating Activities
-21 -15 1.75 -38 30 95
Net Income / (Loss) Continuing Operations
-47 -67 -145 -175 -117 -80
Consolidated Net Income / (Loss)
-47 -67 -145 -175 -117 -80
Depreciation Expense
5.28 9.59 15 19 22 25
Amortization Expense
-1.12 -0.00 0.50 -0.90 -14 -0.24
Non-Cash Adjustments To Reconcile Net Income
16 22 96 123 119 116
Changes in Operating Assets and Liabilities, net
4.87 20 36 -3.14 19 34
Net Cash From Investing Activities
-65 -101 -52 -234 385 30
Net Cash From Continuing Investing Activities
-65 -101 -52 -234 385 30
Purchase of Property, Plant & Equipment
-4.41 -3.10 -1.55 -1.58 -1.15 -1.59
Acquisitions
-3.35 0.00 0.00 0.00 -1.70 0.00
Purchase of Investments
-167 -218 -242 -594 -122 0.00
Sale and/or Maturity of Investments
115 130 205 375 530 66
Other Investing Activities, net
-5.52 -9.82 -13 -14 -21 -35
Net Cash From Financing Activities
113 139 550 12 -79 -55
Net Cash From Continuing Financing Activities
113 139 550 12 -79 -55
Repurchase of Common Equity
- - 0.00 0.00 -58 -37
Issuance of Common Equity
0.00 0.00 532 6.83 6.03 5.64
Other Financing Activities, net
8.79 9.40 18 5.41 -27 -24
Cash Income Taxes Paid
0.52 1.16 2.84 4.06 6.38 5.31

Quarterly Cash Flow Statements for Coursera

This table details how cash moves in and out of Coursera's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
45 -104 -54 95 144 149 69 -17 11 6.73
Net Cash From Operating Activities
4.79 -5.44 4.69 -6.37 20 12 24 24 28 19
Net Cash From Continuing Operating Activities
4.79 -5.44 4.69 -6.37 20 12 24 24 28 19
Net Income / (Loss) Continuing Operations
-36 -52 -32 -32 -32 -20 -21 -23 -14 -22
Consolidated Net Income / (Loss)
-36 -52 -32 -32 -32 -20 -21 -23 -14 -22
Depreciation Expense
4.89 5.00 5.51 5.33 5.66 5.77 6.36 6.27 6.11 6.35
Non-Cash Adjustments To Reconcile Net Income
29 36 27 31 31 30 30 31 27 28
Changes in Operating Assets and Liabilities, net
6.79 7.09 9.99 -6.93 18 -2.26 9.56 9.09 8.55 6.94
Net Cash From Investing Activities
39 -99 -51 154 137 144 60 -6.81 -11 -12
Net Cash From Continuing Investing Activities
39 -99 -51 154 137 144 60 -6.81 -11 -12
Purchase of Property, Plant & Equipment
-0.67 -0.19 -0.30 -0.42 -0.31 -0.12 -0.13 -0.18 -14 12
Other Investing Activities, net
-3.16 -2.30 -3.49 -5.42 -7.64 -4.06 -6.22 -6.63 2.67 -24
Net Cash From Financing Activities
0.91 0.09 -7.68 -53 -12 -6.53 -15 -34 -5.60 -0.65
Net Cash From Continuing Financing Activities
0.91 0.09 -7.68 -53 -12 -6.53 -15 -34 -5.60 -0.65
Issuance of Common Equity
- 2.23 - - - 2.50 - - - 1.83
Other Financing Activities, net
0.91 -2.15 -7.68 -3.06 -7.04 -9.03 -9.42 -6.39 -5.60 -2.48
Cash Income Taxes Paid
1.15 1.44 1.11 1.18 1.53 2.57 1.09 0.93 1.46 1.83

Annual Balance Sheets for Coursera

This table presents Coursera's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
418 959 948 921 930
Total Current Assets
355 892 876 832 831
Cash & Equivalents
80 581 321 656 726
Short-Term Investments
205 241 460 66 0.00
Accounts Receivable
41 34 54 67 60
Prepaid Expenses
15 16 18 17 20
Other Current Assets
14 20 24 26 25
Plant, Property, & Equipment, net
19 25 27 30 37
Total Noncurrent Assets
44 42 45 58 63
Intangible Assets
11 10 8.55 12 25
Other Noncurrent Operating Assets
33 32 36 46 38
Total Liabilities & Shareholders' Equity
418 959 948 921 930
Total Liabilities
177 217 253 304 333
Total Current Liabilities
154 201 242 298 327
Accounts Payable
52 72 90 124 123
Current Deferred Revenue
76 95 116 137 160
Current Employee Benefit Liabilities
13 18 21 22 32
Other Current Liabilities
13 16 16 14 13
Total Noncurrent Liabilities
24 16 11 6.08 5.38
Noncurrent Deferred Revenue
4.56 3.85 3.08 2.86 1.56
Other Noncurrent Operating Liabilities
19 12 7.51 3.22 3.83
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-222 742 695 616 597
Total Preferred & Common Equity
-222 742 695 616 597
Preferred Stock
0.00 0.00 0.00 0.00 0.00
Total Common Equity
-222 742 695 616 597
Common Stock
126 1,235 1,364 1,460 1,507
Retained Earnings
-344 -489 -664 -781 -860
Treasury Stock
-4.70 -4.70 -4.70 -63 -49
Accumulated Other Comprehensive Income / (Loss)
0.02 -0.25 -0.72 0.06 0.00

Quarterly Balance Sheets for Coursera

This table presents Coursera's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
956 964 919 914 916 904 914
Total Current Assets
888 889 837 829 833 821 821
Cash & Equivalents
425 268 361 507 725 709 719
Short-Term Investments
361 512 356 214 0.00 0.00 0.00
Accounts Receivable
55 68 73 62 58 58 48
Prepaid Expenses
22 17 22 19 24 29 30
Other Current Assets
26 24 25 26 25 26 25
Plant, Property, & Equipment, net
28 27 29 30 31 33 36
Total Noncurrent Assets
40 48 53 56 52 51 57
Intangible Assets
8.99 8.47 9.18 11 13 15 21
Other Noncurrent Operating Assets
31 40 44 45 39 36 36
Total Liabilities & Shareholders' Equity
956 964 919 914 916 904 914
Total Liabilities
247 283 292 301 307 319 321
Total Current Liabilities
236 274 285 296 303 316 315
Accounts Payable
90 109 106 123 124 122 124
Current Deferred Revenue
117 131 139 139 148 157 153
Current Employee Benefit Liabilities
14 17 23 19 18 23 22
Other Current Liabilities
16 17 17 15 12 15 16
Total Noncurrent Liabilities
12 9.20 7.55 5.30 4.60 3.29 6.05
Noncurrent Deferred Revenue
3.24 3.26 3.21 2.54 2.18 1.76 1.48
Other Noncurrent Operating Liabilities
8.30 5.94 4.34 2.76 2.43 1.53 4.57
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
709 681 626 613 609 585 593
Total Preferred & Common Equity
709 681 626 613 609 585 593
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
709 681 626 613 609 585 593
Common Stock
1,328 1,382 1,415 1,437 1,480 1,490 1,497
Retained Earnings
-612 -696 -728 -760 -802 -825 -839
Treasury Stock
-4.70 -4.70 -59 -63 -69 -80 -65
Accumulated Other Comprehensive Income / (Loss)
-1.48 -0.29 -0.62 -0.22 0.00 0.00 0.00

Annual Metrics and Ratios for Coursera

This table displays calculated financial ratios and metrics derived from Coursera's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 59.16% 41.49% 26.12% 21.39% 9.27%
EBITDA Growth
0.00% -27.83% -125.30% -26.55% 15.43% 34.10%
EBIT Growth
0.00% -36.59% -115.77% -25.36% 19.00% 20.87%
NOPAT Growth
0.00% -37.59% -114.86% -23.99% 17.92% 22.24%
Net Income Growth
0.00% -43.01% -117.34% -20.76% 33.53% 31.77%
EPS Growth
0.00% -24.14% 28.89% 5.47% 36.36% 33.77%
Operating Cash Flow Growth
0.00% 29.73% 111.65% -2,279.32% 177.89% 221.74%
Free Cash Flow Firm Growth
0.00% 0.00% -3,499.86% -83.22% 30.87% 31.14%
Invested Capital Growth
0.00% 0.00% -79.11% -7.02% -23.26% -21.57%
Revenue Q/Q Growth
0.00% 0.00% 8.26% 5.48% 4.38% 1.51%
EBITDA Q/Q Growth
0.00% 0.00% -18.47% -6.29% 17.31% -4.30%
EBIT Q/Q Growth
0.00% 0.00% -17.64% -4.82% 15.89% -3.66%
NOPAT Q/Q Growth
0.00% 0.00% -17.49% -5.06% 15.87% -1.74%
Net Income Q/Q Growth
0.00% 0.00% -16.93% -2.32% 21.20% -1.60%
EPS Q/Q Growth
0.00% 0.00% 26.44% -9.01% 22.22% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 110.52% -19.64% 134.69% 8.72%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -16.81% 9.19% 5.16%
Invested Capital Q/Q Growth
0.00% 0.00% -33.49% -11.79% 1.74% -2.02%
Profitability Metrics
- - - - - -
Gross Margin
51.42% 52.69% 60.07% 63.29% 51.87% 53.47%
EBITDA Margin
-24.13% -19.38% -30.86% -30.96% -21.57% -13.01%
Operating Margin
-26.24% -22.69% -34.45% -33.87% -22.90% -16.30%
EBIT Margin
-26.39% -22.64% -34.53% -34.33% -22.90% -16.59%
Profit (Net Income) Margin
-25.33% -22.76% -34.97% -33.48% -18.33% -11.45%
Tax Burden Percent
101.56% 102.32% 101.49% 102.77% 104.83% 101.31%
Interest Burden Percent
94.54% 98.25% 99.78% 94.91% 76.35% 68.13%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.00% -27.79% -29.58% -24.42% -17.78% -13.11%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
0.00% -15.91% -20.84% -18.86% -15.59% -12.45%
Return on Assets (ROA)
0.00% -16.00% -21.10% -18.40% -12.48% -8.59%
Return on Common Equity (ROCE)
0.00% 25.63% -15.65% -24.42% -17.78% -13.11%
Return on Equity Simple (ROE_SIMPLE)
0.00% 30.12% -19.58% -25.25% -18.92% -13.31%
Net Operating Profit after Tax (NOPAT)
-34 -47 -100 -124 -102 -79
NOPAT Margin
-18.37% -15.88% -24.11% -23.71% -16.03% -11.41%
Net Nonoperating Expense Percent (NNEP)
0.00% -14.17% -8.14% -6.39% -1.95% -0.04%
Return On Investment Capital (ROIC_SIMPLE)
- - - -17.88% -16.54% -13.27%
Cost of Revenue to Revenue
48.58% 47.31% 39.93% 36.71% 48.13% 46.53%
SG&A Expenses to Revenue
16.17% 12.68% 18.73% 20.22% 15.47% 15.65%
R&D to Revenue
30.56% 26.16% 32.61% 31.53% 25.18% 19.01%
Operating Expenses to Revenue
77.66% 75.38% 94.52% 97.16% 74.77% 69.76%
Earnings before Interest and Taxes (EBIT)
-49 -66 -143 -180 -146 -115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-44 -57 -128 -162 -137 -90
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 4.63 2.50 4.80 2.25
Price to Tangible Book Value (P/TBV)
0.00 0.00 4.70 2.53 4.89 2.35
Price to Revenue (P/Rev)
2.81 1.77 8.27 3.31 4.65 1.94
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 2.37 6.30 1.82 3.51 0.89
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 1,497.27 0.00 75.33 6.50
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 -1.19 -1.13 -1.12 -1.15 -1.19
Leverage Ratio
0.00 1.74 1.40 1.33 1.43 1.53
Compound Leverage Factor
0.00 1.71 1.40 1.26 1.09 1.04
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 192.25% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% -92.25% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.00 1.36 9.57 3.86 5.50 2.12
Noncontrolling Interest Sharing Ratio
0.00% 192.25% 47.08% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 2.31 4.44 3.61 2.79 2.54
Quick Ratio
0.00 2.12 4.26 3.44 2.65 2.40
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -1.80 -65 -119 -82 -56
Operating Cash Flow to CapEx
-483.76% -483.74% 112.36% -2,411.34% 2,584.05% 6,016.47%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
-34.13 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
-41.19 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.70 0.60 0.55 0.68 0.75
Accounts Receivable Turnover
0.00 7.21 11.06 11.89 10.50 10.93
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 15.74 19.15 20.21 22.11 20.64
Accounts Payable Turnover
0.00 2.68 2.67 2.37 2.86 2.61
Days Sales Outstanding (DSO)
0.00 50.64 33.01 30.71 34.78 33.39
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 136.44 136.88 153.93 127.76 139.86
Cash Conversion Cycle (CCC)
0.00 -85.80 -103.87 -123.23 -92.98 -106.47
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 -45 -80 -86 -106 -129
Invested Capital Turnover
0.00 -13.10 -6.64 -6.30 -6.63 -5.92
Increase / (Decrease) in Invested Capital
0.00 -45 -35 -5.63 -20 -23
Enterprise Value (EV)
0.00 696 2,614 954 2,233 620
Market Capitalization
519 519 3,436 1,734 2,955 1,346
Book Value per Share
$0.00 ($5.96) $5.27 $4.74 $4.04 $3.77
Tangible Book Value per Share
$0.00 ($6.25) $5.20 $4.68 $3.96 $3.62
Total Capital
0.00 240 742 695 616 597
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
0.00 -285 -822 -780 -722 -726
Capital Expenditures (CapEx)
4.41 3.10 1.55 1.58 1.15 1.59
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -84 -131 -147 -188 -223
Debt-free Net Working Capital (DFNWC)
0.00 201 691 634 534 503
Net Working Capital (NWC)
0.00 201 691 634 534 503
Net Nonoperating Expense (NNE)
13 20 45 51 15 0.28
Net Nonoperating Obligations (NNO)
0.00 -285 -822 -780 -722 -726
Total Depreciation and Amortization (D&A)
4.16 9.58 15 18 8.46 25
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -28.57% -31.44% -28.05% -29.55% -32.09%
Debt-free Net Working Capital to Revenue
0.00% 68.63% 166.44% 120.96% 84.03% 72.43%
Net Working Capital to Revenue
0.00% 68.63% 166.44% 120.96% 84.03% 72.43%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($1.28) ($1.21) ($0.77) ($0.51)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 143.30M 145.26M 150.96M 157.37M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($1.28) ($1.21) ($0.77) ($0.51)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 143.30M 145.26M 150.96M 157.37M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 ($1.28) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 113.59M 149.65M 156.95M 160.21M
Normalized Net Operating Profit after Tax (NOPAT)
-34 -47 -100 -117 -106 -73
Normalized NOPAT Margin
-18.37% -15.88% -24.11% -22.35% -16.67% -10.51%
Pre Tax Income Margin
-24.94% -22.25% -34.46% -32.58% -17.49% -11.30%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
-77.85 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
-54.20 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
-84.91 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-61.26 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% -50.15% -46.15%

Quarterly Metrics and Ratios for Coursera

This table displays calculated financial ratios and metrics derived from Coursera's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
24.13% 23.68% 22.59% 23.20% 21.37% 18.78% 14.51% 10.82% 6.37% 6.10%
EBITDA Growth
-17.77% -22.20% -16.95% 15.00% -14.57% 54.38% 37.87% 33.35% 58.41% -8.22%
EBIT Growth
-17.70% -17.38% -3.67% 21.68% -6.92% 49.25% 22.96% 18.64% 46.00% -14.36%
NOPAT Growth
-15.66% -17.97% -5.13% 19.77% -8.90% 49.03% 23.89% 18.68% 45.00% -6.79%
Net Income Growth
-11.05% -8.34% 15.43% 35.66% 10.96% 60.64% 34.32% 27.63% 57.34% -6.16%
EPS Growth
-8.70% -40.00% 18.52% 38.24% 16.00% 62.86% 36.36% 28.57% 57.14% 0.00%
Operating Cash Flow Growth
-55.40% -776.02% 112.26% -843.41% 312.23% 312.57% 421.10% 474.37% 40.99% 66.10%
Free Cash Flow Firm Growth
-122.90% -1,621.02% 202.51% 66.90% 136.69% 99.96% -115.57% 398.34% -1.16% 10,473.43%
Invested Capital Growth
-27.80% -7.02% -90.29% -34.25% -40.23% -23.26% -18.09% -36.67% -17.08% -21.57%
Revenue Q/Q Growth
9.33% 4.25% 3.84% 4.10% 7.70% 2.02% 0.11% 0.75% 3.38% 1.76%
EBITDA Q/Q Growth
26.43% -62.89% 27.12% 2.68% 0.84% 35.13% 0.76% -4.41% 38.13% -68.80%
EBIT Q/Q Growth
23.84% -49.64% 30.22% 1.52% -3.97% 28.97% -5.93% -4.01% 30.99% -50.43%
NOPAT Q/Q Growth
24.01% -54.13% 30.25% 1.79% -3.15% 27.85% -4.14% -4.93% 30.24% -40.09%
Net Income Q/Q Growth
26.95% -43.51% 37.42% 1.92% -1.09% 36.56% -4.42% -8.08% 40.42% -57.87%
EPS Q/Q Growth
26.47% -40.00% 37.14% 4.55% 0.00% 38.10% -7.69% -7.14% 40.00% -44.44%
Operating Cash Flow Q/Q Growth
459.04% -213.59% 186.22% -235.78% 410.00% -41.43% 111.36% -2.45% 16.75% -30.99%
Free Cash Flow Firm Q/Q Growth
23.78% -284.69% 157.63% -119.59% 184.49% -100.45% -20,972.73% 475.35% -72.01% -53.15%
Invested Capital Q/Q Growth
-14.08% -11.79% -14.61% 8.14% -19.16% 1.74% -9.80% -6.31% -2.08% -2.02%
Profitability Metrics
- - - - - - - - - -
Gross Margin
64.20% 61.81% 52.47% 51.85% 50.30% 52.90% 52.94% 52.94% 54.65% 53.30%
EBITDA Margin
-23.77% -37.13% -26.06% -24.37% -22.43% -14.26% -14.14% -14.65% -8.77% -14.55%
Operating Margin
-26.65% -39.41% -26.47% -24.97% -23.91% -16.91% -17.59% -18.32% -12.36% -17.02%
EBIT Margin
-27.37% -39.28% -26.40% -24.97% -24.11% -16.79% -17.76% -18.33% -12.24% -18.09%
Profit (Net Income) Margin
-26.42% -36.37% -21.92% -20.65% -19.39% -12.05% -12.57% -13.49% -7.77% -12.06%
Tax Burden Percent
102.90% 103.06% 104.61% 105.30% 103.34% 106.87% 103.97% 104.69% 112.36% 90.31%
Interest Burden Percent
93.84% 89.85% 79.38% 78.53% 77.81% 67.20% 68.09% 70.27% 56.53% 73.81%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
-23.40% -24.42% -24.04% -22.63% -22.37% -17.78% -16.35% -15.96% -12.97% -13.11%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
-14.22% -21.58% -15.22% -15.48% -15.70% -11.42% -12.41% -13.55% -9.16% -13.58%
Return on Assets (ROA)
-13.73% -19.99% -12.64% -12.80% -12.62% -8.20% -8.79% -9.97% -5.82% -9.05%
Return on Common Equity (ROCE)
-23.40% -24.42% -24.04% -22.63% -22.37% -17.78% -16.35% -15.96% -12.97% -13.11%
Return on Equity Simple (ROE_SIMPLE)
-24.17% 0.00% -24.88% -24.24% -24.11% 0.00% -17.31% -16.52% -13.19% 0.00%
Net Operating Profit after Tax (NOPAT)
-25 -39 -27 -27 -28 -20 -21 -22 -15 -21
NOPAT Margin
-18.66% -27.58% -18.53% -17.48% -16.74% -11.84% -12.31% -12.83% -8.65% -11.91%
Net Nonoperating Expense Percent (NNEP)
-1.32% -1.56% -0.64% -0.65% -0.58% -0.05% -0.06% -0.16% 0.22% -0.04%
Return On Investment Capital (ROIC_SIMPLE)
- -5.65% - - - -3.24% - - - -3.57%
Cost of Revenue to Revenue
35.80% 38.19% 47.53% 48.15% 49.70% 47.11% 47.06% 47.06% 45.35% 46.70%
SG&A Expenses to Revenue
19.06% 20.40% 17.29% 16.22% 15.37% 13.27% 14.75% 17.36% 15.54% 14.99%
R&D to Revenue
28.90% 30.13% 29.67% 26.86% 22.72% 22.13% 20.47% 19.78% 17.95% 17.93%
Operating Expenses to Revenue
90.86% 101.21% 78.94% 76.82% 74.22% 69.81% 70.53% 71.26% 67.01% 70.32%
Earnings before Interest and Taxes (EBIT)
-37 -56 -39 -38 -40 -28 -30 -31 -22 -32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-32 -53 -38 -37 -37 -24 -24 -25 -15 -26
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.22 2.50 2.53 3.13 4.56 4.80 3.51 1.91 2.10 2.25
Price to Tangible Book Value (P/TBV)
2.24 2.53 2.56 3.18 4.64 4.89 3.59 1.96 2.18 2.35
Price to Revenue (P/Rev)
3.16 3.31 3.13 3.38 4.59 4.65 3.25 1.66 1.82 1.94
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.58 1.82 1.71 2.15 3.41 3.51 2.15 0.61 0.77 0.89
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 192.84 0.00 164.43 75.33 28.61 5.14 6.00 6.50
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-1.09 -1.12 -1.11 -1.12 -1.14 -1.15 -1.17 -1.18 -1.19 -1.19
Leverage Ratio
1.30 1.33 1.36 1.39 1.41 1.43 1.46 1.50 1.52 1.53
Compound Leverage Factor
1.22 1.19 1.08 1.09 1.10 0.96 0.99 1.06 0.86 1.13
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
4.13 4.29 3.85 4.13 5.64 5.92 4.26 2.13 2.38 2.41
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
3.77 3.61 3.25 2.94 2.80 2.79 2.75 2.60 2.61 2.54
Quick Ratio
3.57 3.44 3.10 2.78 2.65 2.65 2.59 2.43 2.44 2.40
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-8.73 -34 19 -3.79 3.20 -0.01 -3.01 11 3.17 1.48
Operating Cash Flow to CapEx
716.14% -2,834.38% 1,574.50% -1,506.15% 6,475.41% 9,560.33% 18,246.27% 13,551.70% 202.17% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.52 0.55 0.58 0.62 0.65 0.68 0.70 0.74 0.75 0.75
Accounts Receivable Turnover
10.97 11.89 9.00 8.88 10.44 10.50 10.39 10.29 12.48 10.93
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
18.87 20.21 20.71 20.45 21.07 22.11 22.69 21.77 20.79 20.64
Accounts Payable Turnover
2.49 2.37 2.52 2.71 2.64 2.86 2.71 2.82 2.59 2.61
Days Sales Outstanding (DSO)
33.27 30.71 40.54 41.11 34.96 34.78 35.12 35.46 29.25 33.39
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
146.66 153.93 144.87 134.68 138.50 127.76 134.74 129.52 141.08 139.86
Cash Conversion Cycle (CCC)
-113.38 -123.23 -104.33 -93.57 -103.54 -92.98 -99.63 -94.06 -111.83 -106.47
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
-77 -86 -98 -90 -108 -106 -116 -124 -126 -129
Invested Capital Turnover
-7.25 -6.30 -7.34 -7.35 -6.60 -6.63 -6.12 -6.30 -5.85 -5.92
Increase / (Decrease) in Invested Capital
-17 -5.63 -47 -23 -31 -20 -18 -33 -18 -23
Enterprise Value (EV)
786 954 945 1,245 2,077 2,233 1,413 409 526 620
Market Capitalization
1,571 1,734 1,724 1,962 2,798 2,955 2,139 1,118 1,246 1,346
Book Value per Share
$4.86 $4.74 $4.55 $4.16 $4.10 $4.04 $3.90 $3.75 $3.78 $3.77
Tangible Book Value per Share
$4.80 $4.68 $4.49 $4.10 $4.03 $3.96 $3.81 $3.65 $3.65 $3.62
Total Capital
709 695 681 626 613 616 609 585 593 597
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-786 -780 -779 -717 -721 -722 -725 -709 -719 -726
Capital Expenditures (CapEx)
0.67 0.19 0.30 0.42 0.31 0.12 0.13 0.18 14 -12
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-133 -147 -164 -165 -188 -188 -195 -204 -213 -223
Debt-free Net Working Capital (DFNWC)
653 634 615 552 533 534 531 505 506 503
Net Working Capital (NWC)
653 634 615 552 533 534 531 505 506 503
Net Nonoperating Expense (NNE)
11 12 5.01 4.88 4.38 0.37 0.44 1.13 -1.55 0.26
Net Nonoperating Obligations (NNO)
-786 -780 -779 -717 -721 -722 -725 -709 -719 -726
Total Depreciation and Amortization (D&A)
4.91 3.06 0.50 0.93 2.77 4.26 6.12 6.27 6.11 6.35
Debt-free, Cash-free Net Working Capital to Revenue
-26.84% -28.05% -29.83% -28.38% -30.81% -29.55% -29.63% -30.27% -31.13% -32.09%
Debt-free Net Working Capital to Revenue
131.42% 120.96% 111.65% 95.24% 87.59% 84.03% 80.75% 74.91% 73.99% 72.43%
Net Working Capital to Revenue
131.42% 120.96% 111.65% 95.24% 87.59% 84.03% 80.75% 74.91% 73.99% 72.43%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.25) ($0.35) ($0.22) ($0.21) ($0.21) ($0.13) ($0.14) ($0.15) ($0.09) ($0.13)
Adjusted Weighted Average Basic Shares Outstanding
146.02M 145.26M 148.97M 150.26M 150.85M 150.96M 156.38M 156.29M 157.61M 157.37M
Adjusted Diluted Earnings per Share
($0.25) ($0.35) ($0.22) ($0.21) ($0.21) ($0.13) ($0.14) ($0.15) ($0.09) ($0.13)
Adjusted Weighted Average Diluted Shares Outstanding
146.02M 145.26M 148.97M 150.26M 150.85M 150.96M 156.38M 156.29M 157.61M 157.37M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
146.58M 149.65M 150.72M 149.69M 152.55M 156.95M 156.11M 156.92M 158.40M 160.21M
Normalized Net Operating Profit after Tax (NOPAT)
-25 -32 -31 -27 -28 -20 -19 -22 -15 -17
Normalized NOPAT Margin
-18.66% -22.59% -21.21% -17.54% -16.74% -11.84% -11.44% -12.81% -8.65% -9.26%
Pre Tax Income Margin
-25.68% -35.29% -20.95% -19.61% -18.76% -11.28% -12.09% -12.88% -6.92% -13.36%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% -34.94% -39.52% -50.15% -60.78% -43.54% -46.89% -46.15%

Frequently Asked Questions About Coursera's Financials

When does Coursera's fiscal year end?

According to the most recent income statement we have on file, Coursera's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Coursera's net income changed over the last 5 years?

Coursera's net income appears to be on an upward trend, with a most recent value of -$79.53 million in 2024, rising from -$46.72 million in 2019. The previous period was -$116.55 million in 2023.

What is Coursera's operating income?
Coursera's total operating income in 2024 was -$113.22 million, based on the following breakdown:
  • Total Gross Profit: $371.41 million
  • Total Operating Expenses: $484.63 million
How has Coursera revenue changed over the last 5 years?

Over the last 5 years, Coursera's total revenue changed from $184.41 million in 2019 to $694.67 million in 2024, a change of 276.7%.

How much debt does Coursera have?

Coursera's total liabilities were at $332.85 million at the end of 2024, a 9.4% increase from 2023, and a 87.9% increase since 2020.

How much cash does Coursera have?

In the past 4 years, Coursera's cash and equivalents has ranged from $79.88 million in 2020 to $726.13 million in 2024, and is currently $726.13 million as of their latest financial filing in 2024.

How has Coursera's book value per share changed over the last 5 years?

Over the last 5 years, Coursera's book value per share changed from 0.00 in 2019 to 3.77 in 2024, a change of 377.2%.

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This page (NYSE:COUR) was last updated on 4/15/2025 by MarketBeat.com Staff
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