Coursera (COUR) AI Stock Analysis

• Market Cap: $1.06B
• Dividend Yield: N/A
• Average Volume (3M): 3.86M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: 8.10%
• EPS Growth: 43.35%
• Country: US
• Employees: 1,260
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): 0.10
• Shares Outstanding: 167,908,650
• 10 Day Avg. Volume: 3,574,853
• 30 Day Avg. Volume: 3,864,447
• PEG Ratio: 0.50
• Price to Book (P/B): 2.24
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 14.26
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 1.53
• Enterprise Value/Gross Profit: 2.81
• Enterprise Value/Ebitda: -44.04
• 1Y Price Target: $12.09
• Price Target Upside: 92.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): 0.45
• Revenue Forecast (FY): $798.68M

• Rating: 61 Neutral
• Price Target: $7.50 ▲(19.24% Upside)

The score is driven mainly by solid financial resilience (strong cash generation and low leverage) and constructive earnings-call guidance, offset by weak technicals (below major moving averages with negative MACD) and limited valuation support due to ongoing losses and no dividend.

Positive Factors

Balance sheet strength

Near-zero leverage and a sizable equity base provide durable financial flexibility, enabling Coursera to fund product development, content investments, and M&A without relying on costly external financing. This cushion supports multi-quarter execution against strategic initiatives and market cyclicality.

Consistent positive free cash flow

Sustained positive operating and free cash flow since 2023 signals improving unit economics and operational discipline. Reliable cash generation funds growth initiatives, reduces financing dependence, and makes earnings volatility less threatening to long-term strategy and investment in content and partnerships.

Udemy merger creates scale and synergies

The Udemy acquisition is a structural move to broaden course catalog, global reach, and platform scale. Realizing $115M of synergies can improve margin sustainability and competitive positioning versus peers, enhancing long-term growth optionality if integration and approvals proceed as planned.

Negative Factors

Revenue growth deceleration

Material slowdown in top-line growth constrains scale economics and raises the bar for margin improvements to deliver profits. Slowing revenue limits reinvestment capacity and heightens sensitivity to price or customer-churn pressures across both Consumer and Enterprise channels over the next several quarters.

Continued operating losses

Despite improving margins, persistent negative EBIT/EBITDA and a -6.2% net margin indicate operating costs still outstrip core profitability. This structural earnings gap pressures return on capital and requires sustained margin expansion or structural cost changes to convert cash flow strength into durable GAAP profitability.

Weakness in Enterprise net retention

A declining Enterprise net retention rate and muted corporate demand reduce revenue predictability and limit upsell opportunities. Given Enterprise is typically higher ARPU and stickier, this weakness undermines long-term margin expansion and diversification of revenue streams over multiple quarters.

Coursera Business Overview & Revenue Model

Company Description

Coursera, Inc. operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education. Coursera, Inc. was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. The company was incorporated in 2011 and is headquartered in Mountain View, California.

How the Company Makes Money

Coursera generates revenue through multiple streams, primarily consisting of course fees, subscription models, and enterprise solutions. Individual learners can pay for courses or enroll in subscription plans that provide access to a broader range of content. Additionally, Coursera collaborates with universities and organizations to offer degree programs, which contribute significant revenue through tuition fees. The company also leverages a business-to-business (B2B) model by providing tailored learning solutions to enterprises seeking to train their employees, thus expanding its revenue base. Strategic partnerships with universities and industry leaders enhance course offerings and attract more users, further driving revenue growth.

Coursera Financial Statement Overview

Summary

Coursera shows strong revenue growth and cash flow improvements, with a robust balance sheet and low leverage. However, ongoing profitability challenges due to negative net profit and EBIT margins slightly temper the financial outlook.

Income Statement

Coursera's revenue has shown consistent growth, with a TTM revenue growth rate of 2.38%. However, the company is still operating at a loss, as indicated by negative net profit and EBIT margins. The gross profit margin remains strong at 54.36%, reflecting efficient cost management in generating revenue.

Balance Sheet

The balance sheet is relatively strong with a low debt-to-equity ratio, indicating low leverage and financial risk. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is robust, suggesting a solid capital structure.

Cash Flow

Coursera has demonstrated significant improvement in cash flow, with a 20.69% growth in free cash flow. The operating cash flow to net income ratio is positive, indicating better cash generation relative to net income losses. The free cash flow to net income ratio is close to 1, showing efficient cash management despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	739.78M	694.67M	635.76M	523.76M	415.29M	293.51M
Gross Profit	402.11M	371.41M	329.77M	331.48M	249.47M	154.66M
EBITDA	-25.65M	-79.19M	-129.13M	-148.73M	-128.33M	-55.70M
Net Income	-45.81M	-79.53M	-116.55M	-175.36M	-145.22M	-66.81M
Balance Sheet
Total Assets	995.30M	930.27M	920.53M	947.60M	958.91M	417.62M
Cash, Cash Equivalents and Short-Term Investments	797.70M	727.70M	722.07M	780.96M	821.77M	285.28M
Total Debt	0.00	3.06M	6.60M	14.45M	19.89M	26.23M
Total Liabilities	355.80M	332.85M	304.34M	253.02M	217.40M	177.16M
Stockholders Equity	639.50M	597.42M	616.19M	694.58M	741.51M	240.47M
Cash Flow
Free Cash Flow	116.29M	93.78M	13.24M	-51.93M	-11.90M	-26.91M
Operating Cash Flow	122.11M	95.36M	29.64M	-38.05M	1.75M	-14.99M
Investing Cash Flow	-34.23M	29.90M	384.80M	-234.02M	-51.61M	-101.44M
Financing Cash Flow	-11.05M	-54.94M	-79.23M	12.23M	550.16M	139.01M

Coursera Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COUR, the sentiment is Negative. The current price of 6.29 is below the 20-day moving average (MA) of 7.22, below the 50-day MA of 7.78, and below the 200-day MA of 9.15, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 24.40 is Positive, neither overbought nor oversold. The STOCH value of 7.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COUR.

Coursera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATGE	79 Outperform	$4.24B	17.54	17.38%	―	12.24%	52.97%
GHC	75 Outperform	$4.98B	6.83	17.20%	0.65%	4.13%	228.37%
LOPE	74 Outperform	$4.99B	24.06	27.77%	―	7.05%	-2.63%
EDU	70 Outperform	$9.23B	24.15	9.28%	1.03%	7.22%	-2.84%
UDMY	68 Neutral	$723.67M	-186.94	-1.78%	―	2.53%	95.79%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
COUR	61 Neutral	$1.06B	-22.11	-7.43%	―	8.10%	43.35%

Coursera Corporate Events

Coursera’s Chief Accounting Officer Resigns

On December 12, 2025, Coursera announced that Michele M. Meyers, its Vice President of Accounting, Chief Accounting Officer, and principal accounting officer, has resigned effective January 2, 2026, to pursue another career opportunity. Her resignation was not due to any disagreements with the company, its operations, or its policies, ensuring a smooth transition for the organization.

The most recent analyst rating on (COUR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Coursera stock, see the COUR Stock Forecast page.

Coursera Announces Merger Agreement with Udemy

On December 17, 2025, Coursera announced a definitive merger agreement with Udemy, under which Udemy will become a wholly owned subsidiary of Coursera. The merger aims to combine the strengths of both companies to enhance their competitive positions and advance their shared mission of expanding access to online education. The transaction is subject to various closing conditions, including shareholder and regulatory approvals, and involves structural and governance changes in the combined company, with Coursera maintaining a leadership role. Termination provisions and fees were set in case the deal falls through, highlighting the careful planning involved in this merger.

The most recent analyst rating on (COUR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Coursera stock, see the COUR Stock Forecast page.

Coursera Announces $2.5B Merger with Udemy

Coursera and Udemy announced on December 17, 2025, that they have entered a definitive merger agreement under which Coursera will acquire Udemy in an all-stock transaction valued at approximately $2.5 billion. The merger aims to combine the complementary strengths of both platforms to form a leading AI-driven education ecosystem, enhancing global reach, accelerating innovation, and unlocking $115 million in anticipated cost synergies within 24 months of closure. The combined company, which will retain the Coursera name and be headquartered in Mountain View, California, aims to establish itself as a dominant force in addressing the growing demand for upskilling and reskilling in an era of rapid technology transformation.

The most recent analyst rating on (COUR) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Coursera stock, see the COUR Stock Forecast page.

Coursera Appoints Michael Foley as Interim CFO

On November 13, 2025, Coursera appointed Michael Foley as interim Senior Vice President, Chief Financial Officer, and Treasurer, effective November 17, 2025. Foley, with extensive experience in financial and operational roles across technology companies, is expected to guide Coursera’s finance organization during its search for a permanent CFO. His appointment is seen as a strategic move to strengthen Coursera’s leadership team and support its growth and innovation strategy, aiming to enhance customer experiences and drive sustainable growth.

The most recent analyst rating on (COUR) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Coursera stock, see the COUR Stock Forecast page.