Filing Flows › Coursera (COUR) › Q1 2025
Coursera (COUR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Coursera (COUR) reported revenue of $179M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.1% from the quarter before. Operating margin was -8.0%, net loss $7.8M (4.4% of revenue).
Coursera, Q1 2025: revenue $179M (+6% year over year), operating margin -8.0%, net loss $7.8M, operating cash flow $33.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $179M | +0.1% | +6% |
| Operating profit | −$14.4M | — | — |
| Net earnings | −$7.8M | — | — |
| Operating cash flow | $33.5M | +74% | +37% |
| Free cash flow | $25.3M | — | — |
What changed
Revenue was $179.3M in Q1 2025, up 6% year over year and roughly flat from the previous quarter.
Gross margin was 54.6%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $14.4M, an operating margin of -8.0%. Operating expenses fell 6% while revenue rose 6%. The quarter ended with a net loss of $7.8M, narrower than the previous quarter's $21.6M loss. Non-operating items added $8.1M, -129% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $33.5M (up 37% year over year). Non-cash charges added back $7.1M of depreciation and amortization and $24.2M of share-based compensation. Working capital and other items added $10.0M. After purchases of content assets ($4.1M) and capitalized internal-use software costs ($3.6M) and purchases of property, equipment, and software ($500K), free cash flow as the company reports it was $25.3M.
Questions
What was Coursera's revenue in the first quarter 2025?
Coursera (COUR) reported revenue of $179M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.1% from the quarter before.
Was Coursera profitable in the first quarter 2025?
Operating loss was $14.4M (-8.0% of revenue) and net loss $7.8M.
Source: Coursera 10-Q on SEC EDGAR.