Coursera, Inc. reported significant financial results for the second quarter of 2026, driven largely by its recent merger with Udemy, which was finalized on May 11, 2026. The company generated total revenue of $298.6 million, a 60% increase from $187.1 million in the same quarter of the previous year. This growth included $103.8 million in revenue attributed to Udemy. Gross profit for the quarter was $173.4 million, compared to $102.7 million a year earlier, while the net loss widened to $80.4 million from $7.8 million in the prior year. The net loss per share was $(0.34), compared to $(0.05) in the same quarter last year.
In terms of operational metrics, Coursera's Enterprise segment saw revenue increase by 118% year-over-year to $140.0 million, primarily due to the inclusion of Udemy's revenue. The Consumer segment also experienced growth, with revenue rising 29% to $158.6 million, supported by increased subscription adoption and transactional revenue. The company reported a total of 12,107 Enterprise customers as of June 30, 2026, reflecting a 2% decrease year-over-year, while Paid Subscribers reached 1.655 million, a 44% increase from the previous year.
The merger with Udemy has led to substantial changes in Coursera's financial structure. Total assets increased to $1.95 billion as of June 30, 2026, up from $1.00 billion at the end of 2025, largely due to the acquisition of Udemy's assets. The company also reported a significant increase in operating expenses, which rose to $258.1 million for the quarter, compared to $117.8 million in the prior year, primarily driven by merger-related costs and increased personnel expenses. The merger-related costs alone accounted for $79.8 million in the quarter.
Looking ahead, Coursera's management expressed optimism about the integration of Udemy and the potential for operational synergies. The company plans to continue investing in product innovation and expanding its global reach, particularly in underserved markets. However, the company also acknowledged the challenges posed by customer attrition in its Enterprise segment and the need to enhance its go-to-market capabilities. The outlook remains cautious, with management emphasizing the importance of adapting to changing market conditions and customer needs.
Overall, Coursera's second-quarter results reflect a transformative period for the company, marked by significant revenue growth and strategic investments following the merger with Udemy. The company aims to leverage its expanded capabilities to enhance its offerings and drive future growth in the online learning market.
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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