Coursera,(US:COUR)2026-02-05 21:12Financial Performance - Fourth quarter 2025 revenue reached $196.9 million, a 10% increase year over year, driven by a 12% growth in the Consumer segment [4] - Full year 2025 revenue totaled $757 million, up 9% from the previous year [5] - The company reported a net loss of $51 million for the full year 2025, a 36% improvement compared to a net loss of $79.5 million in 2024 [6] - Revenue for Q4 2025 was $196.9 million, an increase of 9.6% from $179.2 million in Q4 2024 [31] - Gross profit for Q4 2025 was $106.8 million, compared to $95.5 million in Q4 2024, reflecting a gross margin improvement [31] - Gross profit for the year ended December 31, 2025, was $413.4 million, up from $371.4 million in 2024, reflecting a gross profit margin of 54.6% [37] - Non-GAAP net income for the year ended December 31, 2025, was $66.8 million, compared to $55.6 million in 2024, with a non-GAAP net income per share of $0.39 [38] - Adjusted EBITDA for full year 2025 was $63.5 million, a 53% increase from $41.5 million in 2024 [6] - Adjusted EBITDA for the year ended December 31, 2025, was $63.5 million, compared to $41.5 million in 2024, indicating improved operational efficiency [38] Cash Flow and Assets - Full year 2025 net cash provided by operating activities was $109 million, with Free Cash Flow of $78 million [5] - Cash flows from operating activities increased to $108.7 million in 2025, compared to $95.4 million in 2024 [38] - The company reported a free cash flow of $78.5 million for the year ended December 31, 2025, significantly higher than $59.3 million in 2024 [38] - Cash and cash equivalents as of December 31, 2025, were $792.6 million, an increase from $726.1 million as of December 31, 2024 [34] - The company experienced a net increase in cash, cash equivalents, and restricted cash of $65.0 million, ending the period with $793.4 million [35] - Total assets increased to $1,000.0 million as of December 31, 2025, up from $930.3 million in the previous year [34] Customer and Market Growth - Total registered learners increased to 197 million as of December 31, 2025, representing a 17% year-over-year growth [8] - The number of Paid Enterprise Customers rose to 1,730, a 7% increase from the previous year [8] - The net retention rate for Paid Enterprise Customers improved to 93%, up 600 basis points from the previous year [8] Expenses and Liabilities - Total operating expenses for Q4 2025 were $139.1 million, up from $126.0 million in Q4 2024, driven by increased sales and marketing expenses [31] - Stock-based compensation expense for the year was $96.7 million, down from $108.1 million in 2024 [37] - Total liabilities were $364.3 million as of December 31, 2025, compared to $332.9 million as of December 31, 2024 [34] Mergers and Future Outlook - Coursera announced a merger agreement with Udemy, enhancing its market reach and capabilities [14] - The company provided full year 2026 revenue guidance in the range of $805 to $815 million [5] - The company anticipates growth in online learning demand and plans to enhance personalized, AI-native learning experiences [28] - The company recorded $11.9 million in merger and acquisition-related transaction costs for the year ended December 31, 2025 [31] - The company incurred $11.9 million in M&A related transaction costs for the year, compared to $3.4 million in 2024 [38]