Coursera completes Udemy merger; pro forma shows $1.5B revenue, net loss of $197.6M for FY 2025

Coursera, Inc.

Total estimated merger consideration of $673.5M; Coursera issued 116.6M shares at $5.66 per share.
Pro forma combined revenue $1,547.3M for FY 2025 and $387.1M for Q1 2026.
Pro forma net loss $197.6M ($0.70 EPS) for FY 2025; $52.7M ($0.18 EPS) for Q1 2026.
Preliminary goodwill of $161.6M from expected operational synergies.
Udemy historical financials filed: audited FY 2025 revenue $789.8M, net income $3.8M.

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