Coursera Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	757.5	694.7	635.8	523.76	415.29
Revenue Growth (YoY)	9.04%	9.26%	21.39%	26.12%	41.49%
Cost of Revenue	344.1	323.3	305.9	192.25	165.75
Gross Profit	413.4	371.4	329.9	331.51	249.53
Selling, General & Admin	358.2	340.2	321.1	327.45	257.12
Research & Development	121.6	132.1	160.1	165.13	135.41
Other Operating Expenses	-	-	0.1	0.03	0.06
Operating Expenses	479.8	472.3	481.3	492.61	392.6
Operating Income	-66.4	-100.9	-151.4	-161.11	-143.06
Interest & Investment Income	32	36.7	34.4	9.14	0.32
Currency Exchange Gain (Loss)	-0.5	-1	-	-2.4	-0.35
EBT Excluding Unusual Items	-34.9	-65.2	-117	-154.36	-143.09
Merger & Restructuring Charges	-11	-12.3	5.8	-10.15	-
Gain (Loss) on Sale of Investments	-	-1	-	-	-
Asset Writedown	-	-	-	-6.12	-
Pretax Income	-45.9	-78.5	-111.2	-170.64	-143.09
Income Tax Expense	5.1	1	5.4	4.72	2.13
Net Income	-51	-79.5	-116.6	-175.36	-145.22
Net Income to Common	-51	-79.5	-116.6	-175.36	-145.22
Shares Outstanding (Basic)	164	157	151	145	114
Shares Outstanding (Diluted)	164	157	151	145	114
Shares Change (YoY)	4.07%	4.24%	3.95%	27.89%	205.28%
EPS (Basic)	-0.31	-0.51	-0.77	-1.21	-1.28
EPS (Diluted)	-0.31	-0.51	-0.77	-1.21	-1.28
Free Cash Flow	107.2	93.8	28.6	-39.63	0.19
Free Cash Flow Per Share	0.65	0.60	0.19	-0.27	0.00
Gross Margin	54.57%	53.46%	51.89%	63.29%	60.09%
Operating Margin	-8.77%	-14.52%	-23.81%	-30.76%	-34.45%
Profit Margin	-6.73%	-11.44%	-18.34%	-33.48%	-34.97%
Free Cash Flow Margin	14.15%	13.50%	4.50%	-7.57%	0.05%
EBITDA	-56.1	-93.6	-146	-155.73	-138.04
EBITDA Margin	-7.41%	-13.47%	-22.96%	-29.73%	-33.24%
D&A For EBITDA	10.3	7.3	5.4	5.38	5.02
EBIT	-66.4	-100.9	-151.4	-161.11	-143.06
EBIT Margin	-8.77%	-14.52%	-23.81%	-30.76%	-34.45%
Advertising Expenses	106.5	62.4	44.8	39.94	28.74

Source: S&P Global Market Intelligence. Standard template. Financial Sources.