Coursera Reports Strong Q3 2025 Results with 13% Consumer Revenue Growth and Raised Full-Year Outlook Beyond $750M
Coursera, Inc. (NYSE: COUR), a leading global online learning platform, has announced its financial results for the third quarter ended September 30, 2025. The company reported strong performance, driven by 13% year-over-year revenue growth in its Consumer segment. Coursera’s CEO, Greg Hart, highlighted the increasing demand for upskilling in a rapidly evolving job market, reaffirming the company’s role as a trusted source for verified learning. Hart emphasized Coursera’s ongoing efforts to deliver more personalized, engaging, and AI-native learning experiences. This includes its integration with OpenAI’s ChatGPT app ecosystem and a new content partnership with Anthropic. These developments are part of broader growth initiatives that have led the company to raise its full-year 2025 revenue outlook to more than $750 million. Financial highlights for the quarter include: - Revenue of $194.2 million, up 10% from $176.1 million in the same period of 2024. - Gross profit of $106.0 million, a 10% increase, with a gross profit margin of 54.6%. - Net loss improved to $8.6 million, a 37% reduction from $13.7 million in the prior year, with a net loss margin of (4.4)% compared to (7.8)%. - Non-GAAP net income of $16.7 million, with non-GAAP net income per share of $0.10, flat year-over-year. - Adjusted EBITDA of $15.6 million, up 17% from $13.3 million, with a margin of 8.0%, up 40 basis points. - Free cash flow reached $26.6 million, a 59% increase from $16.7 million, reflecting improved operational efficiency. Segment results showed continued strength in both Consumer and Enterprise: - Consumer revenue grew to $130.3 million, up 13%, with a gross profit margin of 61.2%, up 180 basis points. - Enterprise revenue increased to $63.9 million, up 6%, though gross profit margin declined slightly to 69.6% from 70.0%. Key business metrics reflect growing engagement: - New registered learners reached 7.7 million, up from 7.0 million. - Total registered learners rose to 191 million, a 18% increase from 162 million in 2024. - Paid enterprise customers grew to 1,724, up 10% from 1,564. - Net retention rate for paid enterprise customers remained stable at 89%. Coursera reiterated its commitment to innovation, particularly in generative AI, with tools like Coach, Role Play, and Course Builder. The company continues to expand its content library through partnerships with leading universities and industry leaders. The company also noted that while it provides non-GAAP guidance, a reconciliation to GAAP is not available on a forward-looking basis due to the uncertainty around future stock-based compensation and other variables. A conference call to discuss the results was held on October 23, 2025, with a live webcast available on Coursera’s investor relations website. The company remains focused on scaling its platform, enhancing learning outcomes, and delivering long-term value to learners, partners, and shareholders.
