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Coursera, Inc.

For the period ended Mar 31, 2026. Filed Apr 30, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 30, 2026

COUR$3.76+0.3%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Cash Flows

Table of Contents

Condensed Consolidated Statements of Cash Flows

(In millions)

Three Months Ended March 31,
20262025
Cash flows from operating activities:
Net loss$(20.5)$(7.8)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization7.57.1
Stock-based compensation expense20.324.2
Other0.50.1
Changes in operating assets and liabilities:
Accounts receivable, net5.4(0.1)
Prepaid expenses and other assets(3.0)1.0
Accounts payable and accrued expenses(0.7)(4.2)
Accrued compensation and other liabilities(14.2)(12.4)
Deferred revenue19.325.6
Net cash provided by operating activities14.633.5
Cash flows from investing activities:
Purchases of content assets(5.8)(4.1)
Capitalized internal-use software costs(5.6)(3.6)
Purchases of property, equipment, and software(0.2)(0.5)
Net cash used in investing activities(11.6)(8.2)
Cash flows from financing activities:
Proceeds from exercise of stock options0.21.2
Payments for tax withholding on vesting of restricted stock units(5.9)(6.2)
Net cash used in financing activities(5.7)(5.0)
Net increase (decrease) in cash, cash equivalents, and restricted cash(2.7)20.3
Cash, cash equivalents, and restricted cash—beginning of period793.4728.4
Cash, cash equivalents, and restricted cash—end of period$790.7$748.7
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds$1.6$0.2
Supplemental disclosure of noncash investing and financing activities:
Stock-based compensation capitalized as internal-use software costs$2.0$1.7
Unpaid purchases of content assets$1.5$0.9
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.