| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 85 | — | 17.8x | Top tier | |
Growth | 74 | 22.7% | 7.1% | Top tier | |
Quality | 34 | -18.0% | 4.5% | Bottom tier | |
Safety | 85 | — | 2.6x | Top tier | |
Capital Return | 41 | — | 2.12% | Around median | |
Momentum | 14 | -46.4% | 2.9% | Bottom tier | |
Sentiment | 63 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Coursera operates a digital learning platform that connects individual and enterprise learners with universities, companies, and instructors, generating revenue primarily from subscriptions in its Consumer and Enterprise segments. Following the completion of the Udemy transaction on May 11, 2026, the combined ecosystem comprises more than 300 million registered learners, 12,107 enterprise customers, more than 100 thousand instructors, and over 400 university and industry partners. In Q2 fiscal 2026, more than 85% of total revenue came from recurring subscriptions, making subscriber growth, enterprise customer retention, and content economics the most important drivers of the business model.
In Q2 fiscal 2026, reported revenue was $299 million, up 60% year over year due to the inclusion of Udemy’s results since the transaction closed, but it declined 1% on a combined basis that assumes Udemy had been included since the beginning of the year. The Enterprise segment generated $140 million in revenue and a gross margin of 79%, while the Consumer segment generated $159 million in revenue and a gross margin of 65%; consumers therefore represented approximately 53% of revenue and enterprises approximately 47%. Adjusted gross profit was $186 million at a margin of 62%, adjusted net income was $40 million at a margin of 13.5%, and adjusted earnings before interest, taxes, depreciation, and amortization were approximately $43 million at a margin of 14.3%.
The latest available EDGAR data show a different trajectory under GAAP accounting: Q1 fiscal 2026 revenue was approximately $195.7 million and gross profit was $108.6 million, compared with a net loss of $20.5 million and a loss per share of $0.12. On a trailing twelve-month basis in fiscal 2026, revenue reached $773.9 million and gross profit reached $424.1 million, but the net loss remained elevated at $63.7 million; therefore, a distinction should be made between the strong adjusted profitability reported on the Q2 call and the GAAP loss shown in EDGAR.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $7.6, within a range of $6.5 to $10, with a consensus rating of “Buy.” The average target is approximately 52% above the 52-week range low of $5, but approximately 38% below its high of $12.32, reflecting caution relative to the historical peak within the range. The absence of a positive price-to-earnings multiple remains understandable given the trailing twelve-month net loss of $63.7 million, while the 1% decline in combined revenue and integration risks limit the significance of the positive consensus on its own.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Coursera completed the transaction with Udemy on May 11, 2026, so the Q2 fiscal 2026 results included Udemy’s contribution only from the closing date. The combined entity now serves more than 300 million registered learners and 12,107 enterprise customers, supported by more than 100 thousand instructors and more than 400 university and industry partners. Reported revenue was $299 million, up 60%, but the combined comparison showed a decline of 1%, which is the more meaningful measure of the underlying trend after neutralizing the timing of the transaction.
The company reported adjusted net income of $40 million and a margin of 13.5% in Q2 fiscal 2026, while adjusted earnings before interest, taxes, depreciation, and amortization were approximately $43 million. By contrast, EDGAR data show a GAAP net loss of $20.5 million in Q1 fiscal 2026 and a loss of $63.7 million during the trailing twelve months. Therefore, the adjusted profitability profile has clearly improved, but the company has not yet achieved positive GAAP profitability according to the latest EDGAR data filed.
More than 85% of total revenue came from recurring subscriptions in the Enterprise and Consumer segments. Consumer generated $159 million in revenue, including approximately $122 million from subscriptions, and the number of paid subscribers increased 44% to more than 1.65 million. The Enterprise segment generated $140 million with 12,107 customers, although net revenue retention was 91% amid pressure on learning and development budgets.
Coursera made Role Play available in more than 2,300 courses and added real-time voice simulations with feedback, while Udemy developed broader personalization and artificial intelligence-powered avatars. Coursera launched the Ollie app in June 2026 for Coursera Plus subscribers and also announced Coursera Connector for Claude to connect learning with enterprise workflows. Alongside internal development, the company invested $100 million for approximately one-third ownership in LearnVector to accelerate personalized learning experiences powered by agentic artificial intelligence.
Management expects reported revenue of between $1.22 billion and $1.245 billion in fiscal 2026 after raising and narrowing the range compared with its June 2026 outlook. It is also targeting an adjusted earnings before interest, taxes, depreciation, and amortization margin of approximately 14% for fiscal 2026 and more than 16% in Q4 fiscal 2026. The company is also targeting at least $85 million in net annual recurring savings by the end of fiscal 2026, while merger and integration costs continue during the implementation period.
Combined revenue declined 1% in Q2 fiscal 2026, and combined Consumer revenue declined 5%, showing that subscription growth has not yet resolved the weakness in transaction-based activities. In Enterprise, net revenue retention was 91% amid continued pressure on learning and development budgets, while management said that commercial activity had not changed materially since the transaction closed. The company also used $33 million of free cash flow during the quarter, and EDGAR data recorded a net loss of $63.7 million during the trailing twelve months of fiscal 2026.
