Filing Flows › Coursera (COUR) › Q3 2026
Coursera (COUR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Coursera (COUR) reported revenue of $377M for the third quarter 2026 (Q3 2026), +94% from a year earlier and +26% from the quarter before. Operating margin was -7.7%, net loss $25.6M (6.8% of revenue).
Coursera, Q3 2026: revenue $377M (+94% year over year), operating margin -7.7%, net loss $25.6M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $377M | +26% | +94% |
| Operating profit | −$28.9M | — | — |
| Net earnings | −$25.6M | — | — |
| Operating cash flow | $15.5M | — | -54% |
| Free cash flow | $4.6M | — | -83% |
What changed
Revenue was $376.7M in Q3 2026, up 94% year over year and up 26% from the previous quarter. Enterprise was the largest line at 53% of revenue. Enterprise added $137.0M year over year (up 214%), 75% of the total change.
Gross margin was 58.4%, up 3.8 points from Q3 2025. Operating costs exceeded revenue by $28.9M, an operating margin of -7.7%. Operating expenses grew 105% against revenue growth of 94%. The fastest-growing cost line was Sales & marketing (+92%). The quarter ended with a net loss of $25.6M, narrower than the previous quarter's $80.4M loss. Non-operating items added $5.9M, -26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $15.5M (down 54% year over year). Non-cash charges added back $34.6M of depreciation and amortization and $23.1M of share-based compensation. Working capital and other items used $16.6M. After capitalized internal-use software costs ($7.8M) and purchases of content assets ($2.8M) and purchases of property, equipment, and software ($300K), free cash flow as the company reports it was $4.6M.
Questions
What was Coursera's revenue in the third quarter 2026?
Coursera (COUR) reported revenue of $377M for the third quarter 2026 (Q3 2026), +94% from a year earlier and +26% from the quarter before.
Was Coursera profitable in the third quarter 2026?
Operating loss was $28.9M (-7.7% of revenue) and net loss $25.6M.
Source: Coursera 10-Q on SEC EDGAR.