Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $184M | $294M | $415M | $524M | $636M | $695M | $758M |
| Revenue growth | — | 59.2% | 41.5% | 26.1% | 21.4% | 9.3% | 9.0% |
| Gross profit | $94.8M | $155M | $249M | $331M | $330M | $371M | $413M |
| Gross margin | 51.4% | 52.7% | 60.1% | 63.3% | 51.9% | 53.5% | 54.6% |
| Operating income | -$48.4M | -$66.6M | -$143M | -$177M | -$146M | -$113M | -$77.4M |
| Operating margin | -26.2% | -22.7% | -34.4% | -33.9% | -22.9% | -16.3% | -10.2% |
| Net income | -$46.7M | -$66.8M | -$145M | -$175M | -$117M | -$79.5M | -$51.0M |
| Net margin | -25.3% | -22.8% | -35.0% | -33.5% | -18.3% | -11.4% | -6.7% |
| EPS (diluted) | -$1.45 | -$1.80 | -$1.28 | -$1.21 | -$0.77 | -$0.51 | -$0.31 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$21.3M | -$15.0M | $1.75M | -$38.1M | $29.7M | $95.4M | $109M |
| Capital expenditures | $4.41M | $3.10M | $1.55M | $1.58M | $1.10M | $1.60M | $1.50M |
| Free cash flow | -$25.7M | -$18.1M | $192K | -$39.6M | $28.6M | $93.8M | $107M |
| Share buybacks | — | — | $0.00 | $0.00 | $58.5M | $36.7M | $0.00 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $56.0M | $79.9M | $581M | $321M | $656M | $726M | $793M |
| Total assets | — | $418M | $959M | $948M | $921M | $930M | $1.00B |
| Total liabilities | — | $177M | $217M | $253M | $304M | $333M | $364M |
| Shareholders' equity | -$187M | -$222M | $742M | $695M | $616M | $597M | $636M |
| Retained earnings | — | -$344M | -$489M | -$664M | -$781M | -$860M | -$911M |
| Shares (wtd avg diluted) | — | 37.2M | 114M | 145M | 151M | 157M | 164M |
Every figure is extracted from Coursera, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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