Coursera Reports 6% Revenue Growth to $179.3 Million in Q1 2025

Coursera, Inc. reported its financial results for the first quarter of 2025, revealing a total revenue of $179.3 million, a 6% increase from $169.1 million in the same period last year. The company's gross profit also rose to $97.9 million, compared to $89.5 million a year earlier, resulting in a gross margin of 54.6%, up from 52.9%. Despite these gains, Coursera recorded a net loss of $7.8 million, an improvement from the $21.3 million loss reported in the first quarter of 2024. The net loss per share was $(0.05), compared to $(0.14) in the prior year.

The increase in revenue was primarily driven by an 18% rise in the average total number of Registered Learners, which reached approximately 175 million, and a 12% increase in Paid Enterprise Customers, totaling 1,651. Consumer revenue grew by 5% to $117.6 million, largely due to increased subscriptions to Coursera Plus, while Enterprise revenue increased by 7% to $61.7 million, attributed to new customer acquisitions. However, the company faced challenges with customer retention, particularly in its Consumer and Enterprise segments.

Strategically, Coursera underwent a leadership transition with the appointment of Gregory Hart as CEO on February 3, 2025. This change coincided with a simplification of the company's business model, which now operates through two reporting segments: Consumer and Enterprise. This restructuring aims to enhance resource allocation and improve performance assessment. Additionally, Coursera has implemented expense reduction initiatives, including a workforce reduction of approximately 9% in late 2024, which contributed to a decrease in total operating expenses to $112.3 million from $119.3 million in the previous year.

Looking ahead, Coursera expressed optimism about its growth trajectory, emphasizing its commitment to innovation and expanding its content offerings. The company aims to leverage its partnerships with over 350 educator partners to enhance its catalog of high-quality educational content. However, it acknowledged potential risks, including macroeconomic conditions and competition in the online learning space, which could impact future performance. The company believes its existing cash and cash equivalents, totaling $748 million as of March 31, 2025, will be sufficient to meet its operational needs for at least the next 12 months.