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2000+ Free Developer and IT Certifications
Massive list of free certificates and badges for developers in data science, software development, and more.
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Coursera Q4 2025: 197M Learners, ~$197M Revenue, ~$27M in Losses
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
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Coursera and Udemy are Finally One. What’s Next?
Source: Udemy Investors page
The merger is complete. That too, months before its second-half 2026 target.
After three failed attempts and five months of regulatory and shareholder review, Coursera and Udemy have finally combined. Now comes the restructuring, the platform integration, and some unanswered leadership questions.
The all-stock deal was first announced on December 17, 2025, and approved by stockholders on April 9, 2026.
Each Udemy share was exchanged for 0.8 shares of Coursera. Udemy
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The Series Finale of Online Education: Coursera Acquires Udemy
Update (April 2026): On April 9, shareholders of both companies voted overwhelmingly to approve the merger — 99.4%% at Coursera, 99.9%% at Udemy. The deal is expected to close in the second half of 2026. I also dug into the 300-page merger prospectus and found that Coursera approached Udemy three times over two years before getting a yes, and that Pluralsight’s owner made a competing cash offer. Read the full merger history.
TL;DR
Coursera is acquiring Udemy in an all-stock deal worth ~$1.8 b
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