Filing Flows › Coursera (COUR) › Q1 2026
Coursera (COUR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Coursera (COUR) reported revenue of $196M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.6% from the quarter before. Operating margin was -12.9%, net loss $20.5M (10.5% of revenue).
Coursera, Q1 2026: revenue $196M (+9% year over year), operating margin -12.9%, net loss $20.5M, operating cash flow $14.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196M | -0.6% | +9% |
| Operating profit | −$25.3M | — | — |
| Net earnings | −$20.5M | — | — |
| Operating cash flow | $14.6M | +152% | -56% |
| Free cash flow | $3.0M | — | -88% |
What changed
Revenue was $195.7M in Q1 2026, up 9% year over year and down 1% from the previous quarter.
Gross margin was 55.5%, up 0.9 points from Q1 2025. Operating costs exceeded revenue by $25.3M, an operating margin of -12.9%. Operating expenses grew 19% against revenue growth of 9%. The quarter ended with a net loss of $20.5M, narrower than the previous quarter's $26.8M loss. Non-operating items added $6.2M, -32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $14.6M (down 56% year over year). Non-cash charges added back $7.5M of depreciation and amortization and $20.3M of share-based compensation. Working capital and other items added $7.3M. After purchases of content assets ($5.8M) and capitalized internal-use software costs ($5.6M) and purchases of property, equipment, and software ($200K), free cash flow as the company reports it was $3.0M.
Questions
What was Coursera's revenue in the first quarter 2026?
Coursera (COUR) reported revenue of $196M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.6% from the quarter before.
Was Coursera profitable in the first quarter 2026?
Operating loss was $25.3M (-12.9% of revenue) and net loss $20.5M.
Source: Coursera 10-Q on SEC EDGAR.