Coursera, Inc. reported a total revenue of $757.5 million for the fiscal year ending December 31, 2025, marking a 9% increase from $694.7 million in the previous year. The company's gross profit also rose to $413.4 million, up from $371.4 million, resulting in a gross margin of 54.6%, compared to 53.5% in 2024. Despite the revenue growth, Coursera recorded a net loss of $51.0 million, an improvement from the $79.5 million loss reported in 2024. The company attributed this reduction in losses to increased operational efficiency and a rise in the average number of registered learners, which grew by 18% year-over-year.
In terms of strategic developments, Coursera announced a merger agreement with Udemy, Inc. on December 17, 2025. Under the terms of the agreement, each share of Udemy common stock will be converted into 0.800 shares of Coursera common stock. The merger is expected to close in the second half of 2026, pending stockholder and regulatory approvals. This merger is anticipated to enhance Coursera's market position and expand its offerings in the online learning space.
Operationally, Coursera reported approximately 197 million registered learners as of December 31, 2025, with 54.4 million course enrollments logged during the year, a 10% increase from 2024. The company also saw a significant rise in engagement metrics, with 657 million lectures watched and 107.2 million assessments completed. The Enterprise segment, which serves businesses and government organizations, generated $255.3 million in revenue, a 7% increase from the previous year, driven by new customer acquisitions and increased adoption of Coursera's offerings.
Looking ahead, Coursera's management expressed optimism about future growth, emphasizing the importance of continuous innovation in its product offerings and the expansion of its content catalog. The company plans to leverage advancements in artificial intelligence to enhance the learning experience and improve operational efficiencies. However, management also acknowledged potential challenges, including macroeconomic conditions and competition in the online education market, which could impact future performance. The company remains focused on its mission to provide accessible, high-quality education globally while navigating these challenges.
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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