Coursera recently released its latest 10-Q report. Coursera, Inc. runs an online learning platform that serves individual learners and organizations across the United States, Europe, the Middle East, Africa, the Asia Pacific, and other international markets. The company operates through two segments, Consumer and Enterprise, and offers courses, guided projects, specializations, degrees, diplomas, and certificates in fields including business, computer science, technology, and data science.
In Item 2, Management’s Discussion and Analysis, Coursera said its platform had about 205 million cumulative registered learners as of March 31, 2026, and that it works with more than 375 content creators, including universities and industry organizations. The company said its recent product work includes generative AI-powered tutoring, translations, interactive role play, and custom course authoring, along with role-based offerings such as Skills Tracks. It also said organizations in the public and private sectors use the platform to upskill and reskill employees, students, and citizens.
Coursera reported first-quarter 2026 revenue of $195.7 million, up 9% from $179.3 million a year earlier. Gross profit rose to $108.6 million from $97.9 million, while non-GAAP gross profit increased to $110.8 million from $100.1 million. Net loss widened to $20.5 million from $7.8 million, and loss per share increased to $0.12 from $0.05.
Non-GAAP net income fell to $12.4 million from $19.7 million, and adjusted EBITDA declined to $13.5 million from $18.7 million. Net cash from operating activities was $14.6 million, down from $33.5 million, and free cash flow was $3.0 million versus $25.3 million a year ago.
The company also noted a restructuring program announced in October 2024 that reduced its global workforce by about 9%. In the first quarter of 2025, Coursera recorded $0.7 million of restructuring charges, made $5.2 million of cash payments, and recognized a $1.6 million reversal of stock-based compensation tied to forfeited awards.
Coursera said Michael Foley was appointed interim chief financial officer and treasurer on November 13, 2025, became principal accounting officer on January 3, 2026, and was made permanent in those roles on March 16, 2026. The company also highlighted its pending all-stock merger with Udemy, under which each Udemy share would be exchanged for 0.800 shares of Coursera common stock; the deal was approved by both boards, and stockholders approved it on April 9, 2026. Today the company's shares have moved -11.56% to a price of $5.28. Check out the company's full 10-Q submission here.
