Coursera, Inc.

COURUS

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 company offers guided projects, courses, and specializations; online bachelor’s and master’s degrees; postgraduate diplomas; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack programs in the domains of business, computer science, technology, and data science through Coursera.org for Individuals, Coursera Plus, Coursera for Enterprise, Coursera for Business, Coursera for Campus, and Coursera for Government. It offers its products to individuals, businesses, institutions, employers, colleges and universities, organizations, and governments. The company was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. Coursera, Inc. was incorporated in 2011 and is headquartered in Mountain View, California.

Founded2011IPO year2021As of2026-08-04
Market Cap
$1.10B
Enterprise Value
$129M
EV / LTM Revenue
0.2x
EV / NTM Revenue
0.1x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
0.1x
Gross Profit
0.2x
EBITDA
0.4x
Classification
Sector
Application Software
Sub-sector
Vertical Applications
Listing
COUR
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY26%21%9%9%67%20%
Revenue$415M$524M$636M$695M$757M$1.26B$1.51B
Gross Profit$249M$331M$330M$371M$413M
Gross Profit Margin60.1%63.3%51.9%53.5%54.6%
EBITDA($128M)($147M)($111M)($70M)($26M)$323M$387M
EBITDA Margin-30.9%-28.1%-17.5%-10.0%-3.4%25.6%25.6%
EBIT($143M)($177M)($146M)($113M)($77M)$277M$331M
Net Income($145M)($175M)($117M)($80M)($51M)$105M$134M
Free Cash Flow($12M)($52M)$13M$72M$102M
FCF Margin-2.9%-9.9%2.1%10.4%13.5%
Short-Term Debt$8M$9M$7M$0.04M$0M
Long-Term Debt$0M$0M$0M$0M$0M
Cash & Cash Equivalents$581M$321M$656M$728M$793M
Net Debt($573M)($313M)($650M)($728M)($793M)
Net Debt / EBITDA
Rule of 4016.2%23.5%19.7%22.6%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.