--- title: "Coursera | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 298.6 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294256790.md" datetime: "2026-07-29T20:29:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294256790.md) - [en](https://longbridge.com/en/news/294256790.md) - [zh-HK](https://longbridge.com/zh-HK/news/294256790.md) --- # Coursera | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 298.6 M Revenue: As of FY2026 Q2, the actual value is USD 298.6 M, beating the estimate of USD 293.61 M. EPS: As of FY2026 Q2, the actual value is USD -0.34, missing the estimate of USD -0.102. EBIT: As of FY2026 Q2, the actual value is USD -78.3 M. ### Financial Performance (Three Months Ended June 30, 2026) #### Operational Metrics (GAAP) - **Gross Profit**: Coursera, Inc.’s GAAP gross profit for Q2 2026 was $173.4 million, a 69% increase from $102.7 million in Q2 2025. This represented 58.1% of revenue, an increase of 320 basis points from the prior year. - **Net Loss**: The company reported a GAAP net loss of -$80.4 million in Q2 2026, compared to a net loss of -$7.8 million in Q2 2025, representing a -931% change year-over-year. - **Net Loss Margin**: The GAAP net loss margin was -26.9% in Q2 2026, a -2270 basis point change from -4.2% in Q2 2025. #### Operational Metrics (Non-GAAP) - **Non-GAAP Gross Profit**: Non-GAAP gross profit was $185.8 million in Q2 2026, a 77% increase from $104.7 million in Q2 2025. This represented 62.2% of revenue, up 620 basis points year-over-year. - **Non-GAAP Net Income**: Non-GAAP net income reached $40.4 million in Q2 2026, increasing 109% from $19.3 million in Q2 2025, and representing 13.5% of revenue. - **Adjusted EBITDA**: Adjusted EBITDA for Q2 2026 was $42.7 million, a 137% increase from $18.0 million in Q2 2025. - **Adjusted EBITDA Margin**: The Adjusted EBITDA margin was 14.3% in Q2 2026, up 470 basis points from 9.6% in Q2 2025. #### Operating Expenses - GAAP operating expenses totaled $258.1 million, or 86.4% of revenue, including $79.8 million in merger, integration, and restructuring related costs. - Non-GAAP operating expenses were $149.7 million, or 50.1% of revenue. #### Segment Revenue and Operational Metrics - **Enterprise Revenue**: Enterprise revenue was $140.0 million in Q2 2026, an increase of 118% from $64.3 million in Q2 2025. - **Enterprise Gross Profit**: Enterprise gross profit was $111.0 million in Q2 2026, up 148% from $44.8 million in Q2 2025, with a gross profit margin of 79.3%, an increase of 960 basis points from Q2 2025. - **Consumer Revenue**: Consumer revenue was $158.6 million in Q2 2026, a 29% increase from $122.8 million in Q2 2025. - **Consumer Gross Profit**: Consumer gross profit was $103.2 million in Q2 2026, up 37% from $75.3 million in Q2 2025, with a gross profit margin of 65.1%, an increase of 380 basis points from Q2 2025. - **Subscription Revenue (Consumer)**: Subscription revenue within the Consumer segment was $121.7 million, up 19% year-over-year. #### Cash Flow - **Net Cash (Used in) Provided by Operating Activities**: Net cash used in operating activities was -$19.8 million in Q2 2026, compared to $35.5 million provided by operating activities in Q2 2025, representing a -156% change year-over-year. - **Free Cash Flow**: Free cash flow was -$32.6 million in Q2 2026, compared to $28.6 million in Q2 2025, a -214% change year-over-year. - These cash flow figures include $39.1 million in cash payments for merger and integration-related costs and $18.1 million for merger-related personnel and severance costs. Excluding these payments, Free Cash Flow would have been approximately $25 million. #### Balance Sheet & Capital Allocation - As of June 30, 2026, Coursera, Inc. held approximately $982 million in unrestricted cash, cash equivalents, and marketable securities, with no debt. - Coursera, Inc. repurchased $90 million of shares in Q2 2026 and more than $140 million cumulatively through July 28, 2026, under its $500 million share repurchase authorization. #### Unique Metrics - **Equity Investment**: Coursera, Inc. completed a $100.0 million equity investment in LearnVector Inc., representing a 33.33% ownership interest on a fully diluted basis. - **Annual Run-Rate Net Synergies**: Coursera, Inc. expects to achieve at least $85 million of annual run-rate net synergies by the end of 2026. - **Net Retention Rate for Enterprise Customers**: This rate was 91% for Q2 2026, down from 95% for Q2 2025, and a decrease of -380 basis points quarter-over-quarter. - **Enterprise Customers**: The number of Enterprise Customers was 12,107 as of June 30, 2026, a -2% change from 12,325 as of June 30, 2025. - **Paid Subscribers**: Paid Subscribers reached 1,655 thousand as of June 30, 2026, a 44% increase from 1,152 thousand as of June 30, 2025. - **Recurring Subscription Offerings**: More than 85% of total revenue is now derived from recurring subscription offerings across both Enterprise and Consumer segments. - **Operational Reach**: Following its combination with Udemy, Coursera, Inc.’s platforms, in conjunction with Udemy, now reach over 300 million learners worldwide and serve 12,000 enterprise customers globally. #### Financial Outlook For the third quarter of 2026, Coursera, Inc. expects revenue in the range of $364 million to $372 million and Adjusted EBITDA in the range of $52 million to $56 million. For the full year 2026, the company increased its revenue outlook to a range of $1.220 billion to $1.245 billion and raised its Adjusted EBITDA Margin target to approximately 14%. The company anticipates achieving at least $85 million of annual run-rate net synergies by the end of 2026 and expects to deliver the full $115 million annual run-rate net synergy target before the end of 2027. ### Related Stocks - [COUR.US](https://longbridge.com/en/quote/COUR.US.md) ## Related News & Research - [Coursera backs co-founder Andrew Ng's new AI education firm with $100 million investment](https://longbridge.com/en/news/294106622.md) - [Shell in charts: Q2 revenue ticks higher across major segments](https://longbridge.com/en/news/294317728.md) - [Morgan Stanley Just Upped Its Price Target on Cognizant Stock. 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