Coursera reported third-quarter revenue of $376.7 million, up 94% from a year earlier, and narrowed its 2026 revenue outlook to $1.229 billion–$1.237 billion. The results came as the company accelerated integration with Udemy, saying it is on track to reach its full annual net-synergy target far sooner than originally planned.
The company also previewed Project Helix, an AI-focused skills platform that will link learning with ways to verify what users can do. Coursera expects to make it broadly available to enterprise customers in the first half of 2027.
Key details
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Revenue and profitability: Third-quarter revenue was $376.7 million, compared with $194.2 million a year earlier. Gross profit rose 108% to $220.1 million, while gross margin increased to 58.4% from 54.6%.
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Net loss widened: Coursera reported a net loss of $25.6 million, or 10 cents per share, versus a loss of $8.6 million, or 5 cents per share, in the year-earlier quarter. Net loss margin widened to 6.8% from 4.4%.
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Operating cash flow declined: Cash provided by operating activities was $15.5 million, down from $33.9 million a year earlier.
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2026 revenue outlook: Coursera set its full-year revenue range at $1.229 billion to $1.237 billion. The company described the range as narrowed but did not provide the prior range in the materials here.
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Faster integration savings: Coursera said integration actions representing more than $150 million in annualized gross cost savings support its plan to achieve the full $115 million annual run-rate net synergy target by year-end. That would be within eight months of the Udemy deal’s close, compared with an original 24-month timeline. The gross savings figure is higher than the net target; the company did not provide a breakdown of the difference here.
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Project Helix: The planned platform is intended to connect learning with verified proof of skills and offer more personalized learning and skills pathways. Broad availability to enterprise customers is expected in the first half of 2027.
What changes
Coursera’s accelerated integration timetable brings its stated net synergy target forward substantially, while Project Helix sets out a product direction that combines learning with skills verification for business customers. In the quarter, higher revenue and gross margin came alongside a larger net loss and lower operating cash flow than a year earlier.