Coursera Reports $187.1 Million Revenue in Q2 2025, Achieving 10% Growth

Coursera, Inc. reported a total revenue of $187.1 million for the second quarter of 2025, marking a 10% increase from $170.3 million in the same period last year. The company's gross profit also rose to $102.7 million, up from $90.2 million year-over-year, resulting in a gross margin of 54.9%. Despite the revenue growth, Coursera recorded a net loss of $7.8 million, an improvement from a net loss of $22.9 million in the prior year quarter. The net loss per share was $(0.05), compared to $(0.15) a year earlier. For the first half of 2025, revenue reached $366.4 million, an 8% increase from $339.4 million in the first half of 2024.

The company experienced significant operational changes, including a leadership transition with Gregory Hart appointed as CEO on February 3, 2025. This transition led to a simplification of the business model, resulting in the establishment of two reporting segments: Consumer and Enterprise. The Consumer segment generated $122.8 million in revenue for the second quarter, a 10% increase from the previous year, while the Enterprise segment also saw a 10% increase, reaching $64.3 million. The growth in both segments was attributed to an increase in the average number of Registered Learners and Paid Enterprise Customers.

Coursera's operational metrics showed a total of approximately 183 million Registered Learners as of June 30, 2025, reflecting an 18% year-over-year growth. The number of Paid Enterprise Customers increased by 12% to 1,686. However, the company noted challenges with customer retention in both segments, which partially offset the growth in new customers. The net retention rate for Paid Enterprise Customers remained stable at 93% for both the current and prior year quarter.

In terms of financial health, Coursera's cash and cash equivalents totaled $775.1 million as of June 30, 2025, up from $726.1 million at the end of 2024. The company generated $69.0 million in net cash from operating activities during the first half of 2025, compared to $48.3 million in the same period last year. The increase in cash flow was attributed to improved operating leverage and working capital management. Looking ahead, Coursera anticipates continued growth driven by its focus on product innovation, content sourcing, and expanding its international footprint, while also managing the challenges of customer retention and market competition.