Coursera, Inc.

Mission and model

Coursera's mission is to provide universal access to world-class learning so anyone, anywhere can transform their life through learning. The company operates a global learning platform that connects learners, educators, and institutions, delivering content directly to individuals and through engagements with employers, colleges and universities, and government programs. Operations span multiple channels: Coursera.org for individuals, Coursera for Business (Enterprise), Coursera for Campus (higher education), and Coursera for Government (government workforce training).

Scale and reach (as of December 31, 2025)

• Approximately 197 million registered learners.
• Learners from over 230 countries and territories; about 49% of activity occurs outside the United States.
• More than 200 universities and 175 industry leaders contribute content.
• 1,307 full-time employees.
• Over 1,700 paid enterprise customers acquired through direct sales.

Offerings and catalog

Consumer offerings

• Course types: Courses, Guided Projects, Specializations, Professional Certificates, degrees, and the Coursera Plus subscription.
• Catalog scale (as of 12/31/2025): 2,000+ Guided Projects; 13,500+ Courses (including 1,000+ Generative AI courses); 1,900+ Specializations; 185+ Certificates (including 95+ Entry-level Professional Certificates, 60+ Non-entry level Professional Certificates, 20+ University Certificates, 10+ MasterTrack Certificates); 50+ Degrees (online degrees and related programs).
• Partnerships with employers, universities, and content creators deliver job-relevant content and credentials.

Enterprise offerings

• A unified catalog of courses, hands-on projects, specializations, and certificates tailored for organizations.
• AI-powered tools for course authoring and program design (Course Builder, Program Builder, Path Builder, Skills Tracks, private authoring).
• Admin and analytics tools, privacy and integrity features, and enterprise-specific content and governance capabilities.

Platform features

• Course Builder (GenAI-powered authoring), AI translations and dubbing (up to 26 languages), Dialogue and Role Play, Coursera Labs, and a mobile app with offline learning.
• Localized experiences include language translations, discovery, pricing, and regional credit recommendations.
• Certain programs offer recognized credit (ACE, ECTS, NSQF), which can enable transfer credits toward degrees where applicable.

Content ecosystem and economics

• Content creators include major universities and industry brands such as IBM, Google, Amazon, Microsoft, Meta, and SAS.
• For 2025, roughly 23% of total revenue came from the content and credentialing programs of Coursera’s top five content creators.
• The company has revenue-sharing arrangements with content creators and introduced a platform fee in 2026 to fund ongoing platform investments.

Growth strategy and operating footprint

• Growth priorities include improving learner conversion and retention (including Coursera Plus), expanding the learner base, growing enterprise customers, expanding content and credentials, and international expansion with localized experiences.
• International expansion remains a priority, with ongoing localization, pricing, and regional content considerations; about half of 2025 activity was from non-U.S. learners/customers.
• Coursera is a Delaware public benefit corporation with a stated purpose to provide global access to flexible, affordable, high-quality education.

Financial snapshot (selected metrics)

• Net loss: $51.0 million in 2025; $79.5 million in 2024; $116.6 million in 2023.
• Accumulated deficit: $911.2 million as of December 31, 2025; $860.2 million as of December 31, 2024.
• Top five content creators accounted for approximately 23% of total revenue in 2025.
• The company reports continued investment in technology, content development, and sales/marketing, and notes substantial upfront costs related to enterprise sales and content development.
• Merger with Udemy, Inc.: Coursera announced a Merger Agreement with Udemy (anticipated close in the second half of calendar year 2026, subject to approvals and customary closing conditions). A termination fee of $40.5 million applies under certain termination scenarios.

Intellectual property and governance

• Coursera relies on patents, trademarks, copyrights, and trade secrets and actively manages a portfolio of issued patents and domain rights.
• Governance reflects the company’s public benefit status and mission to expand global access to education.

Regulatory and operational context

• The business operates in a regulated environment spanning higher education, data privacy, consumer protection, intellectual property, anti-corruption, and export controls, with ongoing regulatory developments that affect operations and growth.

Summary

Coursera operates a global online learning platform serving individual learners and organizations with a broad catalog of courses, certificates, specializations, and degrees produced in partnership with universities and industry leaders. The platform uses AI-powered tools for content creation and delivery, serves a large international user base, and pursues growth through content expansion, enterprise sales, and internationalization. Financially, the company reported net losses and a substantial accumulated deficit, with revenue concentrated among a subset of large content creators and a substantial share of activity outside the U.S.