Coursera
COUR on NYSE. Coursera sells courses and degrees to learners, employers, schools, and governments. Market value $1.4bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Capital spending looks too small to be complete, so we leave free cash flow out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 60 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$5.12 a share, 13% above its 1-year low
Over the past year the price has ranged from $4.53 to $10.77.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $415m | $524m | $636m | $695m | $758m |
| Operating margin | |||||
| Operating margin | -34.4% | -33.9% | -22.9% | -16.3% | -10.2% |
| Debt to equity | |||||
| Debt to equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares outstanding | |||||
| Shares outstanding | 0.15bn | 0.15bn | 0.16bn | 0.17bn | 0.26bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)No
- Debt0.00× equity
- Revenue growth, five yearsStrong, 16.2% a year
- Buying back its own sharesNo, 80% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $299 million last quarter, up 60% on a year ago.
- A loss of $80 million, compared with a loss of $8 million a year ago.
- It loses 18 cents on each $1 of sales, compared with 11 cents a year earlier.
- 44% more shares than a year ago. Each share owns a bit less of the company.
- It has $872 million more cash than debt, up from $775 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $176m |
| December 2024 | $179m |
| March 2025 | $179m |
| June 2025 | $187m |
| September 2025 | $194m |
| December 2025 | $197m |
| March 2026 | $196m |
| June 2026 | $299m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$14m |
| December 2024 | -$22m |
| March 2025 | -$8m |
| June 2025 | -$8m |
| September 2025 | -$9m |
| December 2025 | -$27m |
| March 2026 | -$21m |
| June 2026 | -$80m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 23 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
2 long-term investors we follow own it, up from 0 last quarter. 249 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Eagle Investment ManagementMatthew McLennan | $12m | <0.1% | New |
| Royce & AssociatesChuck Royce | $97,510 | <0.1% | New |
Largest holders overall
- BlackRock$116mAdded
- Pale Fire Capital SE$115mAdded
- Caledonia (Private) Investments Pty$115mAdded
- Baillie Gifford$87mAdded
- NEA Management Company$73m
- Vanguard Portfolio Management$67mAdded
- Ameriprise Financial$64mAdded
- Vanguard Capital Management$62mAdded
- Insight Holdings Group$50mNew
- Westerly Capital Management$34mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- PALE FIRE CAPITAL SEPassive investorat least 10.9%+5.1 pts(filed with 4 related holders)Since 25 September 2026
- Caledonia (Private) Investments Pty LimitedPassive investorat least 7.2%+1.6 pts(filed with 1 related holder)Since 31 December 2025
- BlackRock, Inc.Passive investor6.7%−2.3 ptsSince 31 March 2025
- New Enterprise Associates 13, L.P.Passive investorat least 4.9%(filed with 10 related holders)Since 24 September 2026
- Insight Holdings Group, LLCPassive investorat least 3.4%−7.2 pts(filed with 7 related holders)Since 30 June 2026
- Morgan StanleyPassive investorSold down below 5%Since 30 September 2025
- BAILLIE GIFFORD & COPassive investorSold down below 5%Since 30 September 2026
- Insight Partners Public Equities Master Fund, L.P.Passive investorSold down below 5%Since 11 May 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
PALE FIRE CAPITAL SE Passive investor | at least 10.9%+5.1 pts (filed with 4 related holders) | 25 September 2026 | |
Caledonia (Private) Investments Pty Limited Passive investor | at least 7.2%+1.6 pts (filed with 1 related holder) | 31 December 2025 | |
BlackRock, Inc. Passive investor | 6.7%−2.3 pts | 31 March 2025 | |
New Enterprise Associates 13, L.P. Passive investor | at least 4.9% (filed with 10 related holders) | 24 September 2026 | |
Insight Holdings Group, LLC Passive investor | at least 3.4%−7.2 pts (filed with 7 related holders) | 30 June 2026 | |
Morgan Stanley Passive investor | Sold down below 5% | 30 September 2025 | |
BAILLIE GIFFORD & CO Passive investor | Sold down below 5% | 30 September 2026 | |
Insight Partners Public Equities Master Fund, L.P. Passive investor | Sold down below 5% | 11 May 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $314,700, $314,700 of it under preset trading plans.
- Hart Gregory M.President & CEO, DirectorSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 10,308
- Price
- $5.11
- Value
- $52,644
- Cardenas Alan BSVP, General CounselSoldunder a preset trading plan
- Date
- 17 August 2026
- Shares
- 9,139
- Price
- $5.71
- Value
- $52,184
- Cardenas Alan BSVP, General CounselSoldunder a preset trading plan
- Date
- 18 May 2026
- Shares
- 9,139
- Price
- $5.52
- Value
- $50,447
- Cardenas Alan BSVP, General CounselSoldunder a preset trading plan
- Date
- 17 February 2026
- Shares
- 9,710
- Price
- $5.92
- Value
- $57,483
- Cardenas Alan BSVP, General CounselSoldunder a preset trading plan
- Date
- 15 December 2025
- Shares
- 8,078
- Price
- $8.17
- Value
- $65,997
- Meyers Michele MVP, Accounting, and CAOSoldunder a preset trading plan
- Date
- 16 October 2025
- Shares
- 3,500
- Price
- $10.27
- Value
- $35,945
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | Hart Gregory M. President & CEO, Director | Sold under a preset trading plan | 10,308 | $5.11 | $52,644 |
| 17 August 2026 | Cardenas Alan B SVP, General Counsel | Sold under a preset trading plan | 9,139 | $5.71 | $52,184 |
| 18 May 2026 | Cardenas Alan B SVP, General Counsel | Sold under a preset trading plan | 9,139 | $5.52 | $50,447 |
| 17 February 2026 | Cardenas Alan B SVP, General Counsel | Sold under a preset trading plan | 9,710 | $5.92 | $57,483 |
| 15 December 2025 | Cardenas Alan B SVP, General Counsel | Sold under a preset trading plan | 8,078 | $8.17 | $65,997 |
| 16 October 2025 | Meyers Michele M VP, Accounting, and CAO | Sold under a preset trading plan | 3,500 | $10.27 | $35,945 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 23 Feb 2026, plus the 10-Q filed 5 Aug 2026 and 11 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.