COURCoursera, Inc.
Coursera, Inc. sells online learning platforms and enterprise training solutions, leveraging its global reach to deliver courses in partnership with universities and institutions. The next catalyst is Oct 22, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to sustain revenue growth and stabilize margins after the Udemy merger. The event will also provide clarity on enterprise segment performance and the impact of integration costs.
- Coursera’s revenue grew 9.0% YoY to $875.60M in the latest period, but net income remains negative at -$117.30M.
- Free cash flow (TTM) stands at $181.30M, suggesting operational discipline despite ongoing margin compression.
- The company’s net margin (TTM) is -13.4%, reflecting the challenges of scaling in a competitive market.
The Read
Coursera’s stock has historically declined sharply on earnings misses and guidance shortfalls driven by enterprise segment churn and margin compression, with positive full-year guidance failing to offset investor concerns about growth and the Udemy merger.
The schedule
- Thu1Oct
Start of the fiscal year bringing clarity to federal subsidies for adult education and corporate retraining.
- Thu22Oct
The earnings release tests whether COUR can deliver a positive surprise on revenue and guidance, with a focus on AI-driven learning growth. This differs from the last print where the outcome was mixed due to underperformance in international markets.
- Tue15Dec
The launch tests the market's reception to the AI suite, which could drive user engagement and subscription growth. This event is more about product adoption than financials, unlike the last product launch which underperformed due to delayed integration.
- Tue9Feb
This event tests the company's ability to reset guidance and show a clear path to profitability, especially with AI-driven cost savings. The last similar print saw a bearish outcome due to margin compression and weak international performance.
- Thu29Apr
The earnings release will test whether COUR can sustain the momentum from the AI suite launch and show improved margins. The last print saw a positive surprise due to better-than-expected user growth, but the mix remains a concern.
- Thu10Jun
The meeting tests investor confidence in the company's strategic direction, particularly around AI integration and long-term profitability. The last meeting saw a neutral outcome due to uncertainty around regulatory risks.
- Thu5Aug
This event tests whether COUR can deliver a strong earnings beat with clear signs of AI-driven cost savings and user growth. The last similar print saw a positive outcome due to better-than-expected margins, but the mix remains a concern.
Past
- Sun20Sep
Actual outcome: Mixed · $5.02 at outcome
The stock fell 2.5% following the Investor Day event, missing the bull target and falling short of the bull case. The presentation focused on AI-driven learning and margin structure for 2027, but the market reacted negatively, likely due to concerns about execution risk and limited near-term revenue visibility. The price action suggests the market discounted the strategic roadmap as insufficient to justify the current valuation.
Management details the roadmap for AI-driven personalized learning and 2027 enterprise margin structure.
- Thu6Aug
Actual outcome: Bull · $5.85 at outcome
Coursera met Q2 EPS estimates and reported a 60% year-over-year revenue increase to $299 million in its first quarter following the Udemy merger. The stock rallied 5.2% as investors reacted positively to the successful early integration metrics, a $100 million strategic investment in Andrew Ng's new AI education startup LearnVector, and subsequent analyst upgrades to a Strong Buy rating.
Quarterly earnings print evaluating B2B seat retention and organic revenue growth.
- Wed15Jul
Actual outcome: Bull · $6.18 at outcome
The regulatory decision cleared the Udemy merger, removing uncertainty and boosting investor confidence. The stock rallied on the positive outcome, surpassing the bull target as market participants priced in the successful integration. The move reflected optimism about the merger's potential to enhance growth and operational efficiency, despite mixed earnings performance.
Expected regulatory decision regarding the pending Udemy integration.
- Thu30Apr
Actual outcome: Bear · $5.28 at outcome
Coursera missed Q1 earnings estimates and issued forward guidance with a midpoint below analyst expectations, driven by significant enterprise segment churn and margin decay. The stock plummeted to its $5.00 bear floor immediately following the report as investors reacted to deteriorating fundamentals and heightened operating risks, despite a partial price recovery by the run date
First look at 2026 execution post-bearish Q4 reaction, with investors focused on whether revenue growth re-accelerates toward double digits and management provides a clearer timeline and terms update on the pending Udemy merger; a clean print with stable margins and constructive merger commentary could lift the stock toward $6.20, while any sign of decelerating bookings, softer guidance, or heightened integration risk could push shares toward $6.20.
- Mon23Feb
Actual outcome: Bull · $6.40 at outcome
Coursera reported Q4 2025 EPS of -$0.16, exactly matching consensus estimates. The stock rallied 6.5% following the release, as meeting bottom-line expectations and the accompanying full-year 2026 guidance provided investors with enough reassurance regarding the company's fundamental trajectory to drive a positive reaction.
