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Figma vs Coursera: FIG and COUR compared
Figma is the larger company: $391M of revenue in its latest quarter (Q3 2026) against $377M for Coursera (Q3 2026). Coursera is growing faster (+94% against +43% a year earlier). Coursera is more profitable, with an operating margin of -7.7% against -30.4%.
Where the money goes: FIG and COUR
Figma (FIG) · Q3 2026
Figma, Q3 2026: revenue $391M (+43% year over year), operating margin -30.4%, net loss $81.3M, operating cash flow $48.4M. The chart follows the revenue to costs, profit and cash.
Coursera (COUR) · Q3 2026
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.
| Figma (FIG) | Coursera (COUR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $391M | $377M |
| Revenue growth, Y/Y | +43% | +94% |
| Operating margin | -30.4% | -7.7% |
| Net earnings | −$81.3M | −$25.6M |
| Net margin | -20.8% | -6.8% |
| Operating cash flow | $48.4M | $15.5M |
| Free cash flow | $41.5M | $4.6M |
| Market value | $10.0B | $990M |
| Analysts’ mean target | $27.77 | $5.88 |
Where the revenue comes from
Coursera
- Enterprise: $201M (53%)
- Consumer: $176M (47%)
Questions
Which is bigger, Figma or Coursera?
Figma is the larger company: $391M of revenue in its latest quarter (Q3 2026) against $377M for Coursera (Q3 2026).
Is Figma or Coursera growing faster?
Coursera is growing faster (+94% against +43% a year earlier).
Which is more profitable, Figma or Coursera?
Coursera is more profitable, with an operating margin of -7.7% against -30.4%.
More: Figma earnings · how Figma makes money · Coursera earnings · how Coursera makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.