Coursera, Inc.

Analysis for Ticker: COUR

Coursera Inc manages a massive digital schoolhouse connecting over two hundred five million students to courses from three hundred seventy-five universities and corporate partners. It seems like a modern educational miracle, but the math reveals a structural disaster where the company burns cash to rent content it does not own while paying its leaders in freshly printed paper. In the first nine months of 2025, they generated 560,6$ million in revenue but surrendered 38,8% of consumer money and 30,4% of enterprise money directly to outside partners. They are essentially a digital tollbooth with a leaky roof spending nearly 35,0% of their total revenue just to convince people to take free classes in the hope they might pay later. This structural unprofitability has created an accumulated deficit of 884,4$ million while the board masks the bleeding by printing 71,0$ million in stock to give to insiders. It is like trying to fill a swimming pool with a hole in the bottom by printing pictures of water and telling the shareholders they are getting wet.