COURSERA, INC. (COUR) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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COURSERA, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Cash acquired from the Udemy merger → investing reconciliation: $213,600,000.00Proceeds from maturities of marketable securities → investing reconciliation: $27,500,000.00investing reconciliation → Net cash from investing activities: $200,100,000.00investing reconciliation → Purchases of marketable securities: $28,200,000.00investing reconciliation → Capitalized internal-use software costs: $7,400,000.00investing reconciliation → Purchases of content assets: $5,100,000.00investing reconciliation → Purchases of property, equipment, and software: $300,000.00Proceeds from employee stock purchase plan → financing reconciliation: $2,700,000.00Proceeds from exercise of stock options → financing reconciliation: $300,000.00financing reconciliation → Payments for repurchases of common stock: $87,300,000.00financing reconciliation → Payments for tax withholding on vesting of restricted stock units: $12,400,000.00Net cash used in operating activities → operating reconciliation: $19,800,000.00Stock-based compensation expense → operating reconciliation: $39,600,000.00Depreciation and amortization → operating reconciliation: $22,500,000.00Accrued compensation and other liabilities → operating reconciliation: $17,200,000.00Accounts payable and accrued expenses → operating reconciliation: $2,400,000.00Other → operating reconciliation: $700,000.00operating reconciliation → Net loss: $80,400,000.00operating reconciliation → Deferred revenue: $14,700,000.00operating reconciliation → Prepaid expenses and other assets: $5,600,000.00operating reconciliation → Accounts receivable, net: $1,500,000.00Net cash used in financing activities → financing reconciliation: $96,700,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $790,700,000.00Net cash from investing activities → Cash sources and uses: $200,100,000.00Cash sources and uses → Exchange-rate effect: $300,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $874,000,000.00Cash sources and uses → Net cash used in financing activities: $96,700,000.00Cash sources and uses → Net cash used in operating activities: $19,800,000.00Accounts payable and accrued expenses: $2,400,000.00Payables & accrued liabilities+$2.40 MPrepaid expenses and other assets: -$5,600,000.00Prepaid & other assets−$5.60 MDepreciation and amortization: $22,500,000.00Depreciation & amortization+$22.50 MNet loss: -$80,400,000.00Net loss−$80.40 MStock-based compensation expense: $39,600,000.00Stock-based compensation+$39.60 MOther: $700,000.00Other non-cash items+$700.00 KDeferred revenue: -$14,700,000.00Deferred revenue−$14.70 MAccrued compensation and other liabilities: $17,200,000.00Accrued & other liabilities+$17.20 MAccounts receivable, net: -$1,500,000.00Accounts receivable−$1.50 MNet cash used in operating activities: -$19,800,000.00. Cash required to fund net payments.Operating cash−$19.80 Moperating reconciliation: $102,200,000.00Proceeds from exercise of stock options: $300,000.00Stock option exercises+$300.00 KProceeds from employee stock purchase plan: $2,700,000.00Stock plan proceeds+$2.70 MPayments for repurchases of common stock: -$87,300,000.00Common stock repurchases−$87.30 MPayments for tax withholding on vesting of restricted stock units: -$12,400,000.00Stock-award tax withholding−$12.40 MNet cash used in financing activities: -$96,700,000.00. Cash required to fund net payments.Financing cash−$96.70 Mfinancing reconciliation: $99,700,000.00Purchases of marketable securities: -$28,200,000.00Marketable securities purchases−$28.20 MProceeds from maturities of marketable securities: $27,500,000.00Marketable securities proceeds+$27.50 MPurchases of content assets: -$5,100,000.00Purchases of content assets−$5.10 MCapitalized internal-use software costs: -$7,400,000.00Internal-use software costs−$7.40 MPurchases of property, equipment, and software: -$300,000.00Capital expenditures−$300.00 KCash acquired from the Udemy merger: $213,600,000.00Cash acquired+$213.60 MNet cash from investing activities: $200,100,000.00Investing cash+$200.10 Minvesting reconciliation: $241,100,000.00Cash sources and uses: $990,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $790,700,000.00Beginning cash$790.70 MEnding cash: Cash, cash equivalents, and restricted cash: $874,000,000.00Ending cash$874.00 MExchange-rate effect: -$300,000.00FX effect−$300.00 KCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsNet loss −$80.40M + net operating adjustments $60.60M = operating cash −$19.80MFree cash flow−$20.10 MOperating cash − cash spent on productive assetsCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$83.30 MEnding cash − beginning cash
Chart details

COURSERA, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
790,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 19,800,000 US dollars. Net cash used.
Accounts payable and accrued expenses
2,400,000 US dollars
Prepaid expenses and other assets
negative 5,600,000 US dollars
Depreciation and amortization
22,500,000 US dollars
Net loss
negative 80,400,000 US dollars
Stock-based compensation expense
39,600,000 US dollars
Other
700,000 US dollars
Deferred revenue
negative 14,700,000 US dollars
Accrued compensation and other liabilities
17,200,000 US dollars
Accounts receivable, net
negative 1,500,000 US dollars
Investing activities
200,100,000 US dollars. Net cash provided.
Purchases of marketable securities
negative 28,200,000 US dollars
Proceeds from maturities of marketable securities
27,500,000 US dollars
Purchases of content assets
negative 5,100,000 US dollars
Capitalized internal-use software costs
negative 7,400,000 US dollars
Purchases of property, equipment, and software
negative 300,000 US dollars
Cash acquired from the Udemy merger
213,600,000 US dollars
Financing activities
negative 96,700,000 US dollars. Net cash used.
Proceeds from exercise of stock options
300,000 US dollars
Proceeds from employee stock purchase plan
2,700,000 US dollars
Payments for repurchases of common stock
negative 87,300,000 US dollars
Payments for tax withholding on vesting of restricted stock units
negative 12,400,000 US dollars
Operating adjustment reconciliation
102,200,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
99,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
241,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 300,000 US dollars
Ending cash on Jun 30, 2026
874,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
990,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
83,300,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 19,800,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
300,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 20,100,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$80.40M + net operating adjustments $60.60M = operating cash −$19.80M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: negative 19,800,000 US dollars minus 300,000 US dollars equals negative 20,100,000 US dollars.
COURSERA, INC. (COUR) FY2026 Q2 Statement of Cash Flows Sankey chart
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