Coursera reported FY 2025 results with revenue of USD 757.5 million (+9%), gross profit of USD 413.4 million and gross margin of 54.6%, and a net loss of USD 51 million, with net loss per share of USD 0.31. Adjusted EBITDA was USD 63.5 million, while net cash provided by operating activities was USD 108.7 million and free cash flow was USD 78.5 million. Consumer revenue was USD 502.2 million (+10%) and Enterprise revenue was USD 255.3 million (+7%). For business metrics, Coursera ended FY 2025 with 197.3 million total Registered Learners (+17%), including 29.1 million new Registered Learners, and 1,730 Paid Enterprise Customers (+7%); Net Retention Rate for Paid Enterprise Customers was 93% (up 600 bps). The company highlighted generative AI-powered product features including Coach, Role Play and Course Builder, as well as role-based solutions such as Skills Tracks, and noted it began compensating content creators based on learner engagement rather than enrollment rates in 2025. Coursera also disclosed it signed a merger agreement on December 17, 2025 to combine with Udemy (0.800 Coursera shares per Udemy share), targeting a close in H2 2026, and said the FTC granted early termination of the HSR waiting period on February 9, 2026; the merger agreement includes a USD 40.5 million termination fee payable under certain circumstances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coursera Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001651562-26-000015), on February 23, 2026, and is solely responsible for the information contained therein.