Coursera, Inc. reported its financial results for the first quarter of 2026, revealing a total revenue of $195.7 million, a 9% increase from $179.3 million in the same period last year. The company's gross profit also rose to $108.6 million, compared to $97.9 million a year earlier, resulting in a gross margin of 55.5%, up from 54.6%. However, Coursera experienced a net loss of $20.5 million, widening from a loss of $7.8 million in the prior year, with a net loss per share of $(0.12), compared to $(0.05) in the previous year.
The increase in revenue was primarily driven by a 17% rise in the average total number of Registered Learners, which reached approximately 205 million, and a 5% increase in Paid Enterprise Customers, totaling 1,729. The Consumer segment generated $129.5 million in revenue, a 10% increase year-over-year, largely due to growth in subscription revenue from Coursera Plus. The Enterprise segment contributed $66.2 million, reflecting a 7% increase, supported by new customer acquisitions despite some contraction in existing customer spending.
Operating expenses for the quarter totaled $133.9 million, up from $112.3 million in the prior year, with significant increases in sales and marketing expenses, which rose by 22% to $69.3 million. General and administrative expenses also increased by 24% to $33.3 million, driven by costs associated with the merger with Udemy, which was approved by stockholders in April 2026. The merger is expected to enhance Coursera's market position and expand its offerings.
Coursera's cash and cash equivalents stood at $789.8 million as of March 31, 2026, slightly down from $792.6 million at the end of 2025. The company generated $14.6 million in net cash from operating activities, a decrease from $33.5 million in the same quarter last year, primarily due to increased M&A transaction costs related to the Udemy merger. Looking ahead, Coursera aims to continue expanding its global reach and enhancing its platform capabilities, particularly through innovations in AI and personalized learning experiences, while managing the challenges of customer retention and market competition.
About Coursera, Inc.
Coursera, Inc. is a global online education platform offering courses, certificates, and degree programs in partnership with universities and industry leaders. It serves individual learners, organizations, and institutions worldwide, providing accessible, flexible, and affordable high-quality education. Its core value lies in democratizing learning, leveraging technology, and industry collaborations to bridge the skills gap and support lifelong learning.
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