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Coursera
(NYSE:COUR)
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Rating:63Neutral
Price Target:
$5.50
▲(3.58% Upside)
Action:Reiterated
Date:07/31/26
The score is supported primarily by improving financial stability (no debt, rising equity) and a bullish earnings-call setup with raised guidance, expanding adjusted EBITDA margins, and accelerating synergy targets. Offsetting these positives are a clearly bearish technical setup (price below all key moving averages) and limited valuation support due to negative earnings and no dividend yield provided.
Positive Factors
Balance sheet strength
Near-zero debt and materially higher equity provide durable financial flexibility, lowering refinancing and solvency risk. This supports multi-quarter investments in product, AI initiatives, M&A integration and share repurchases without forcing short-term liquidity actions, improving long-term resilience.
Negative Factors
Negative operating margins
Despite margin improvement, persistent negative operating and net margins imply the business has not yet converted scale into consistent profitability. Continued losses constrain longer-term returns on invested capital and require sustained cash or benefits from synergies to reach durable breakeven.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Near-zero debt and materially higher equity provide durable financial flexibility, lowering refinancing and solvency risk. This supports multi-quarter investments in product, AI initiatives, M&A integration and share repurchases without forcing short-term liquidity actions, improving long-term resilience.
Read all positive factors
Coursera (COUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.52B
Dividend YieldN/A
Average Volume (3M)6.68M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth22.69%
EPS Growth-112.56%
CountryUS
Employees1,307
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)-0.71
Shares Outstanding286,358,640
10 Day Avg. Volume5,282,612
30 Day Avg. Volume6,684,790
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)1.90
Price to Sales (P/S)1.59
P/FCF Ratio11.25
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$8.07Price Target Upside52.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.6
Revenue Forecast (FY)$1.26B
Coursera Business Overview & Revenue Model
Company Description
Coursera, Inc. operates an online learning platform that provides education and skills training in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through Consumer and Enterprise segments. The...
How the Company Makes Money
Coursera generates revenue primarily by monetizing access to educational content and credentials through multiple customer segments. (1) Consumer revenue: Individuals pay for subscriptions and/or one-time purchases to access content and earn crede...
Coursera Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call emphasized meaningful early benefits from the Coursera–Udemy combination: strong reported revenue growth (driven by the acquisition), significant margin expansion, accelerating synergy realization, rapid subscriber growth, a solid cash position and an explicit AI strategy (including a $100M LearnVector investment). Counterbalancing these positives are normalized revenue softness, pressure in transactional consumer offerings, a modest decline in enterprise NRR amid L&D budget headwinds, and notable one-time integration costs that depressed near-term free cash flow. Management framed results as proof points that the combined company is improving profitability and positioned to accelerate product innovation; the positives around profitability, synergies and platform strategy materially outweigh the operational and timing headwinds discussed.Positive Updates
Combined-company Revenue and Outlook
Reported Q2 revenue of $299 million, up 60% year-over-year (as-reported) following the May 11 Udemy close; normalized Q2 revenue declined 1% year-over-year. Full-year 2026 reported revenue guidance raised and narrowed to $1.22 billion–$1.245 billion.
Negative Updates
Normalized Revenue Weakness
On a normalized basis (including Udemy pre-close), Q2 revenue fell ~1% year-over-year; Consumer segment normalized revenue declined ~5% year-over-year, reflecting pressure in transactional offerings.
Read all updates
Q2-2026 Updates
Positive
Negative
Combined-company Revenue and Outlook
Reported Q2 revenue of $299 million, up 60% year-over-year (as-reported) following the May 11 Udemy close; normalized Q2 revenue declined 1% year-over-year. Full-year 2026 reported revenue guidance raised and narrowed to $1.22 billion–$1.245 billion.
Read all positive updates
Company Guidance
Coursera provided Q3 guidance of $364–372 million revenue and $52–56 million adjusted EBITDA, and raised full‑year 2026 reported revenue guidance to $1.22–1.245 billion with a targeted full‑year adjusted EBITDA margin of ~14% (up 100 bps from June) and an exit‑Q4 adjusted EBITDA margin above 16%; the company also expects at least $85 million of annual run‑rate net synergies by year‑end (up from $80M in June) and remains on track toward a larger $150 million synergy goal. Management cited Q2 as the baseline: $299M revenue (up 60% YoY as reported, -1% normalized), $186M gross profit and 62% gross margin (+620 bps reported, ~200 bps normalized), $43M adjusted EBITDA (14.3% of revenue), $40M net income (13.5% of revenue), Enterprise revenue of $140M (118% reported, +3% normalized) with 12,107 enterprise customers and 91% NRR, Consumer revenue of $159M (up 29% reported, -5% normalized) with >1.65M paid subscribers (+44% YoY) and ~ $122M consumer subscription revenue (>75% of consumer segment), nearly 300M registered learners and >12,000 enterprise customers across the combined business, nearly 10,000 GenAI courses with enrollments >45/min in 2026 (vs 25/min last year), $982M cash and no debt, Q2 free cash flow use of $33M (including ~$39M merger/integration cash costs and ~$18M other merger payments; ex those FCF ~+$25M), ~$140M of share repurchases to date under a $500M authorization (≈$90M repurchased through June at an average $5.45), and a $100M strategic investment in LearnVector (≈one‑third ownership, accounted for as an investment, not consolidated).Coursera Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 885.40M | 757.50M | 694.67M | 635.76M | 523.76M | 415.29M |
| Gross Profit | 494.80M | 413.40M | 371.41M | 329.77M | 331.48M | 249.47M |
| EBITDA | -128.30M | -17.10M | -79.19M | -129.13M | -148.73M | -128.33M |
| Net Income | -136.30M | -51.00M | -79.53M | -116.55M | -175.36M | -145.22M |
Balance Sheet | ||||||
| Total Assets | 1.95B | 1.00B | 930.27M | 920.53M | 947.60M | 958.91M |
| Cash, Cash Equivalents and Short-Term Investments | 982.20M | 792.60M | 727.70M | 722.07M | 780.96M | 821.77M |
| Total Debt | 9.70M | 5.00M | 3.06M | 6.60M | 14.45M | 19.89M |
| Total Liabilities | 780.80M | 364.30M | 332.85M | 304.34M | 253.02M | 217.40M |
| Stockholders Equity | 1.17B | 635.70M | 597.42M | 616.19M | 694.58M | 741.51M |
Cash Flow | ||||||
| Free Cash Flow | 28.60M | 107.20M | 93.78M | 13.24M | -51.93M | -11.90M |
| Operating Cash Flow | 34.50M | 108.70M | 95.36M | 29.64M | -38.05M | 1.75M |
| Investing Cash Flow | 173.40M | -30.20M | 29.90M | 384.80M | -234.02M | -51.61M |
| Financing Cash Flow | -109.40M | -13.50M | -54.94M | -79.23M | 12.23M | 550.16M |
Coursera Technical Analysis
5.31
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COUR, the sentiment is undefined. The current price of 5.31 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for COUR.
Coursera Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
Performance Comparison
Coursera Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Coursera Invests in AI Learning Firm LearnVector
Positive
Jul 29, 2026
On July 28, 2026, Coursera announced a $100 million equity investment for a 33.33% fully diluted stake in LearnVector Inc., an AI-native learning company founded by Coursera chairman Andrew Ng. To address the related-party nature of the deal, Cour...
Business Operations and StrategyM&A Transactions
Coursera launches post-merger workforce realignment initiative
Negative
Jul 6, 2026
On May 11, 2026, Coursera, Inc. completed its merger with Udemy, Inc., making Udemy a wholly owned subsidiary as part of a broader strategy to consolidate and streamline its online learning operations. In connection with this integration, the comp...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Coursera Outlines Post-Merger Outlook After Udemy Integration
Positive
Jun 23, 2026
On May 11, 2026, Coursera completed its merger with Udemy by absorbing Udemy into a wholly owned subsidiary structure, consolidating two major digital learning platforms under one corporate umbrella. On June 23, 2026, the company held a post-merge...
Executive/Board ChangesShareholder Meetings
Coursera Shareholders Approve Directors, Pay, and Auditor
Positive
Jun 11, 2026
On June 10, 2026, Coursera, Inc. held its 2026 Annual Meeting of Stockholders, at which a quorum of 133,743,423 shares was represented out of 169,333,436 shares outstanding and entitled to vote. Stockholders elected Christopher D. McCarthy, Andrew...
Business Operations and StrategyStock Buyback
Coursera Announces $500 Million Share Repurchase Program
Positive
May 18, 2026
On May 15, 2026, Coursera’s board approved a stock repurchase program authorizing the company to buy back up to $500 million of its common shares, to be conducted via open market transactions and, where appropriate, Rule 10b5-1 trading plans...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
Coursera Completes Udemy Merger, Forming Unified Learning Platform
Positive
May 11, 2026
On May 11, 2026, Coursera completed its previously announced all-stock combination with Udemy, merging Udemy into a wholly owned subsidiary and exchanging each Udemy share for 0.8 Coursera shares, with former Coursera investors now holding about 5...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.