COURSERA, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $757.5M | $694.7M | $635.8M | $523.8M | $415.3M | $293.5M | $184.4M |
| Cost of Revenue | $344.1M | $323.3M | $306.0M | $192.3M | $165.8M | $138.8M | $89.6M |
| Gross Profit | $413.4M | $371.4M | $329.8M | $331.5M | $249.5M | $154.7M | $94.8M |
| Gross Margin | 54.6% | 53.5% | 51.9% | 63.3% | 60.1% | 52.7% | 51.4% |
| Operating Expenses | |||||||
| Research & Development | $121.6M | $132.1M | $160.1M | $165.1M | $135.4M | $76.8M | $56.4M |
| SG&A Expense | $114.4M | $108.7M | $98.3M | $105.9M | $77.8M | $37.2M | $29.8M |
| Operating Income | $-77.4M | $-113.2M | $-145.6M | $-177.4M | $-143.1M | $-66.6M | $-48.4M |
| Operating Margin | -10.2% | -16.3% | -22.9% | -33.9% | -34.4% | -22.7% | -26.2% |
| Interest Expense | — | — | — | — | $0 | $12.0K | $625.0K |
| Pretax Income | $-45.9M | $-78.5M | $-111.2M | $-170.6M | $-143.1M | $-65.3M | $-46.0M |
| Income Tax Expense | $5.1M | $1.0M | $5.4M | $4.7M | $2.1M | $1.5M | $718.0K |
| Net Income | $-51.0M | $-79.5M | $-116.6M | $-175.4M | $-145.2M | $-66.8M | $-46.7M |
| Net Margin | -6.7% | -11.4% | -18.3% | -33.5% | -35.0% | -22.8% | -25.3% |
| EPS (Basic) | $-0.31 | $-0.51 | $-0.77 | $-1.21 | $-1.28 | $-0.60 | $-0.48 |
| EPS (Diluted) | $-0.31 | $-0.51 | $-0.77 | $-1.21 | $-1.28 | $-0.60 | $-0.48 |
| Shares Outstanding (Basic) | 163.8M | 157.4M | 151.0M | 145.3M | 113.6M | 111.6M | — |
| Shares Outstanding (Diluted) | 163.8M | 157.4M | 151.0M | 145.3M | 113.6M | 111.6M | — |
| Dividends Per Share | — | — | — | — | — | — | — |