Discover how Coursera makes money, its different segments, revenue growth, margins, and more.

In 2021, edX was acquired by 2U for $800M, stopped being a nonprofit, and the 2U integration has begun.

Udemy instructors face sudden drops in course ratings amid speculation that the platform’s GenAI rollout may be the cause.

On Feb 5, 2026, Coursera released its Q4 2025 results. It was the first report since announcing the Udemy merger, which Dhawal Shah, Class Central founder, recently analyzed (in 5000+ words!). Coursera’s stock barely moved after the announcement and is currently at ~$6, down 87% from its opening day price in 2021. Here’s a quick review of its last 2025 quarter. More Users, Struggling Segments Coursera’s Q4 revenue was ~$197M, up 10% YoY, but growth has been flat since Q2. Consumer revenue saw