← Coursera, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($46.7m) | ($66.8m) | ($145.2m) | ($175.4m) | ($116.6m) | ($79.5m) | ($51.0m) | — | |
| Depreciation and amortization | $5.3m | $9.6m | $14.8m | $18.5m | $22.3m | $25.1m | $28.8m | $44.3m | |
| Stock-based compensation expense | $16.3m | $16.8m | $91.2m | $110.8m | $109.6m | $108.1m | $95.1m | $107.0m | |
| Stock-based compensation capitalized as internal-use software costs | $362k | $966k | $4.9m | $5.4m | $7.1m | $7.7m | $7.7m | $107.0m | |
| Impairment losses | — | $0 | $0 | $6.1m | $3.1m | $2.2m | $3.7m | — | |
| Accounts receivable, net | ($6.2m) | ($24.1m) | $5.9m | ($20.6m) | ($14.8m) | $7.2m | ($5.7m) | $5.6m | |
| Accounts payable and accrued expenses | $6.6m | $25.7m | $16.3m | $17.9m | $34.0m | ($2.3m) | $8.0m | $6.2m | |
| Accrued compensation and other liabilities | ($815k) | $3.7m | $7.7m | $3.4m | $3.1m | $12.1m | $1.7m | — | |
| Deferred revenue | $11.8m | $39.0m | $17.8m | $20.3m | $21.3m | $21.2m | $21.0m | — | |
| Other | $38k | $86k | ($448k) | $1.1m | $1.5m | $788k | ($300k) | — | |
| Prepaid expenses and other assets | ($6.6m) | ($18.3m) | ($5.7m) | ($18.3m) | ($17.0m) | $2.5m | $7.4m | — | |
| Net cash provided by operating activities | ($21.3m) |
($15.0m)
+29.73%
|
$1.7m
+111.65%
|
($38.1m)
-2279.32%
|
$29.6m
+177.89%
|
$95.4m
+221.74%
|
$108.7m
+13.99%
|
$34.5m
-68.26%
|
|
| Purchases of property, equipment, and software | ($4.4m) | ($3.1m) | ($1.6m) | ($1.6m) | ($1.1m) | ($1.6m) | ($1.5m) | — | |
| Capital Expenditures Incurred but Not yet Paid | $0 | $0 | $577k | $0 | $1.3m | $2.2m | $3.9m | ($23.9m) | |
| Purchases of marketable securities | ($166.9m) | ($218.5m) | ($241.8m) | ($593.8m) | ($121.8m) | $0 | $0 | — | |
| Proceeds from maturities of marketable securities | $115.3m | $129.9m | $205.0m | $375.0m | $530.0m | $66.0m | $0 | — | |
| Net cash provided by (used in) investing activities | ($64.9m) | ($101.4m) | ($51.6m) | ($234.0m) | $384.8m | $29.9m | ($30.2m) | $173.4m | |
| Payments for repurchases of common stock | — | — | $0 | $0 | ($58.5m) | ($36.7m) | $0 | — | |
| Net cash used in financing activities | $113.4m |
$139.0m
+22.61%
|
$550.2m
+295.76%
|
$12.2m
-97.78%
|
($79.2m)
-747.61%
|
($54.9m)
+30.65%
|
($13.5m)
+75.43%
|
($109.4m)
-710.37%
|
|
| Cash, cash equivalents, and restricted cash—beginning of period | $59.8m | $82.4m | $582.7m | $322.9m | $658.1m | $728.4m | $793.4m | — | |
| Net increase in cash, cash equivalents, and restricted cash | $27.2m | $22.6m | $500.3m | ($259.8m) | $335.2m | $70.3m | $65.0m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Capitalized internal-use software costs | ($5.5m) | ($8.8m) | ($12.1m) | ($12.3m) | ($15.3m) | ($17.2m) | ($18.1m) | — | |
| Purchase of minority interest | — | — | $0 | $0 | ($1.7m) | $0 | $0 | — | |
| Purchases of content assets | $0 | $0 | ($1.2m) | ($1.4m) | ($5.3m) | ($17.3m) | ($10.6m) | — | |
| Proceeds from exercise of stock options | $8.3m | $10.1m | $31.8m | $17.6m | $27.3m | $9.4m | $9.9m | — | |
| Proceeds from employee stock purchase plan | $0 | $0 | $6.4m | $6.8m | $6.0m | $5.6m | $4.2m | — | |
| Payments for tax withholding on vesting of restricted stock units | $0 | $0 | ($7.2m) | ($11.9m) | ($54.1m) | ($33.3m) | ($27.6m) | — | |
| Cash paid for income taxes, net of refunds | $523k | $1.2m | $2.8m | $4.1m | $6.4m | $5.3m | $6.0m | — | |
| Right-of-use asset obtained in exchange for operating lease liability | $0 | $1.3m | $295k | $0 | $0 | $3.0m | $2.2m | — |