The earnings call highlights Coursera's strong performance in Q2 with raised full-year guidance and significant growth in learners and AI courses. However, there are concerns about anticipated deceleration in growth and challenges in the enterprise segment. Overall, the positive aspects outweigh the negatives, marking a strong quarter for the company.

Company Guidance -

Q3 2025

During Coursera's Q2 2025 earnings call, the company reported a strong performance with revenue reaching $187 million, marking a 10% year-over-year increase. The company generated $29 million in free cash flow, a 68% rise from the previous year. Coursera raised its full-year revenue expectation to a range of $738 million to $746 million, with a midpoint increase of $17 million. The adjusted EBITDA margin target was increased to 8%, reflecting a 200 basis point improvement from the previous year. The platform's registered learners grew by 18% year-over-year, reaching 183 million, with 7.5 million new additions in Q2, the largest quarterly increase since 2020. Paid enterprise customers increased by 12% year-over-year, totaling 1,686. Coursera is focusing on expanding its course catalog, which now includes over 10,500 courses, and has seen significant growth in its generative AI offerings, with over 925 courses and 10 million enrollments. The company's efforts in AI education were recognized by the 2025 Newsweek AI Impact Awards. Coursera also reported a Consumer segment revenue of $123 million, a 10% increase, and Enterprise revenue of $64 million, also up 10%. The gross margin improved to 56%, with operating expenses at 50% of revenue. The company ended the quarter with $775 million in cash and equivalents, and no debt, emphasizing strategic investments to drive long-term growth.

Strong Q2 Performance

Coursera delivered Q2 revenue of $187 million, up 10% year-over-year. Free cash flow was $29 million, up 68% from the prior year.

Raised Full-Year Guidance

Full-year revenue expectations increased to $738 million to $746 million, raising the midpoint by $17 million. Adjusted EBITDA margin target increased to 8%, a 200 basis point improvement year-over-year.

Significant Growth in Learners

Coursera attracted 7.5 million new registered learners in Q2, the largest number since 2020, growing the total cumulative base by 18% year-over-year to 183 million.

Expansion of AI Courses

The generative AI catalog now includes more than 925 courses, having tripled over the past year, with over 10 million enrollments in generative AI courses.

Improved Gross Margin

Gross profit was $105 million, up 13% year-over-year, with a 56% gross margin, up 180 basis points from the prior period.

Enterprise Customer Growth

The number of paid enterprise customers increased by 12% year-over-year to 1,686.

Recognition and Partnerships

Coursera named to the Time 100 Most Influential Companies list and announced collaboration with the University of Cambridge.

Coursera (COUR) Earnings, Revenues Date & History

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COUR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.08 / -	0.1	―	―	―
Jul 24, 2025	2025 (Q2)	0.09 / 0.12	0.09	33.33% (+0.03)	―
Apr 24, 2025	2025 (Q1)	0.08 / 0.12	0.07	71.43% (+0.05)	―
Jan 30, 2025	2024 (Q4)	0.04 / 0.08	0.06	33.33% (+0.02)
Oct 24, 2024	2024 (Q3)	0.02 / 0.10	-0.012	933.33% (+0.11)
Jul 25, 2024	2024 (Q2)	0.01 / 0.09	-0.001	9100.00% (+0.09)
Apr 29, 2024	2024 (Q1)	<0.01 / 0.07	-0.035	300.00% (+0.11)
Feb 01, 2024	2023 (Q4)	0.00 / 0.06	-0.043	239.53% (+0.10)
Oct 26, 2023	2023 (Q3)	-0.07 / -0.01	-0.068	82.35% (+0.06)
Jul 27, 2023	2023 (Q2)	-0.10 / >-0.01	-0.148	99.32% (+0.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

COUR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$9.08	$12.37	+36.23%
Apr 24, 2025	$7.70	$8.75	+13.64%
Jan 30, 2025	$9.58	$8.46	-11.69%
Oct 24, 2024	$7.62	$6.88	-9.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.