Coursera, Inc. (COUR) Form 8-K — Oct 29, 2026
Coursera reported Q3 2026 revenue of $376.7 million, up 94% year over year as reported in its first full quarter including Udemy, though down roughly 3% on a normalized basis. Adjusted EBITDA more than quadrupled to $61.5 million (16.3% margin) while the GAAP net loss widened to $25.6 million on $30.8 million of merger-related costs. Integration is running well ahead of plan: the company now expects more than $150 million of annualized gross cost savings in place by year-end and is on track to deliver its full $115 million run-rate net synergy target just eight months after close versus the original 24-month plan.
Key figures
- Revenue
- 376.7
- Guidance
- Q4 2026 revenue $358M-$366M and Adjusted EBITDA $55M-$59M; FY2026 revenue narrowed to $1.229B-$1.237B with ~14% Adjusted EBITDA Margin target; directional 2027 baseline of approximately flat-to-modestly-declining Enterprise and low double-digit declining Consumer revenue
- Revenue Yoy
- 94% as reported / -3% normalized
- Cash Position
- 776
- Total debt
- none
- Q3 buyback musd
- 102
- Net retention rate
- 93%
- Enterprise customers
- 11897
- Non gaap diluted eps
- 0.21
- Free cash flow q3 musd
- 4.6
- Adjusted ebitda q3 musd
- 61.5
- Cumulative buyback musd
- 215
- Consumer revenue q3 musd
- 175.8
- Adjusted ebitda margin q3
- 16.3%
- Buyback authorization musd
- 500
- Enterprise revenue q3 musd
- 200.9
- Paid subscribers thousands
- 1687
- Q3 buyback shares millions
- 18.1
- Non gaap net income q3 musd
- 57.1
- Merger integration costs q3 musd
- 30.8
- Annualized gross cost savings musd
- 150
- Learnvector strategic investment musd
- 100
- Annual run rate net synergy target musd
- 115
AI analysis
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