Coursera Reports Third Quarter 2026 Financial Results
Coursera reported Q3 2026 revenue of $376.7 million, up 94% year-over-year, reflecting the Udemy acquisition completed May 11, 2026, and narrowed its full-year revenue outlook to $1.229-$1.237 billion. Non-GAAP profitability surged: adjusted EBITDA of $61.5 million (16.3% margin, up 830 bps) and non-GAAP EPS of $0.21, though GAAP net loss widened to $25.6 million and free cash flow fell 83% to $4.6 million amid merger-related payments.
Key figures
- Eps
- $0.21 non-GAAP diluted; $(0.10) GAAP
- Revenue
- 376.7
- Guidance
- FY2026 revenue narrowed to $1.229B-$1.237B; Q4 revenue $358M-$366M; Q4 Adjusted EBITDA $55M-$59M; FY Adjusted EBITDA margin ~14%
- Revenue Yoy
- 94%
- Fcf
- 4600000
- Q3 buyback
- $102 million (18.1M shares)
- Adjusted ebitda
- 61500000
- Consumer revenue
- 175800000
- Paid subscribers
- 1687000
- Enterprise revenue
- 200900000
- Net retention rate
- 93%
- Net synergy target
- $115 million
- Enterprise customers
- 11897
- Buyback authorization
- $500 million
- Adjusted ebitda margin
- 16.3%
- Annualized gross cost savings
- $150 million
- Cumulative buyback since may 2026
- $215 million
AI analysis
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