Coursera (COUR) AI Stock Analysis

• Market Cap: $1.32B
• Dividend Yield: N/A
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• 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: 166,400,000
• 10 Day Avg. Volume: 2,254,957
• 30 Day Avg. Volume: 2,390,766
• 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: 0.86
• Enterprise Value/Revenue: 1.53
• Enterprise Value/Gross Profit: 2.81
• Enterprise Value/Ebitda: -44.04
• 1Y Price Target: $12.30
• Price Target Upside: 56.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: $8.50 ▲(8.42% Upside)

Coursera's overall score reflects strong financial and strategic developments, including revenue growth and a promising merger with Udemy. However, technical indicators and valuation concerns weigh down the score. The positive earnings call and corporate events provide a boost, but profitability challenges remain a key risk.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Strategic Merger

The merger with Udemy is expected to enhance Coursera's market position, expand its global reach, and drive innovation, providing long-term growth opportunities.

Cash Flow Improvements

Improved cash flow reflects operational discipline and financial health, enabling investment in growth initiatives and enhancing resilience.

Negative Factors

Profitability Challenges

Negative profitability metrics indicate potential challenges in achieving sustainable earnings, which could impact long-term financial performance.

Enterprise Segment Challenges

Sluggish growth in the Enterprise segment suggests difficulties in expanding business-to-business solutions, potentially limiting revenue diversification.

Leadership Transition

Leadership changes can create uncertainty and may impact strategic execution, affecting the company's ability to maintain growth momentum.

Coursera Business Overview & Revenue Model

Company Description

Coursera Inc. is a leading online learning platform that offers access to a wide range of courses, specializations, and degrees from top universities and organizations worldwide. Founded in 2012, the company operates in the education technology sector, providing learners with flexible, affordable, and accessible educational content across various disciplines. Core products include individual courses, professional certificates, and full degree programs, aimed at both individuals looking to enhance their skills and organizations seeking to upskill their workforce.

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: 7.84
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• 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 7.84 is below the 20-day moving average (MA) of 8.09, below the 50-day MA of 8.74, and below the 200-day MA of 9.14, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 36.63 is Neutral, neither overbought nor oversold. The STOCH value of 9.83 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
GHC	75 Outperform	$4.84B	6.63	17.20%	0.65%	4.13%	228.37%
ATGE	73 Outperform	$3.64B	15.01	17.38%	―	12.24%	52.97%
EDU	70 Outperform	$8.92B	23.97	9.28%	1.05%	7.22%	-2.84%
LOPE	70 Neutral	$4.62B	22.38	27.77%	―	7.05%	-2.63%
UDMY	64 Neutral	$786.04M	-225.75	-1.78%	―	2.53%	95.79%
COUR	63 Neutral	$1.32B	-27.56	-7.43%	―	8.10%	43.35%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Coursera Corporate Events

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.

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.

Coursera CFO Kenneth Hahn Announces Resignation

On September 30, 2025, Coursera announced that Kenneth R. Hahn, the Senior Vice President, Chief Financial Officer, and Treasurer, will resign from his position effective October 29, 2025. Hahn will transition to an advisory role for a year to ensure a smooth handover of responsibilities. Under Hahn’s leadership, Coursera achieved significant milestones, including a successful IPO and substantial growth in registered learners. The company is actively searching for a permanent successor while reaffirming its financial guidance for the third quarter and full year 2025. This transition is expected to maintain stability and support Coursera’s long-term growth strategy.