Coursera (COUR) Cost of Revenue (2020 - 2026)

Coursera (COUR) has reported Cost of Revenue for 7 consecutive years, with $87.1 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 7.0% year-over-year to $87.1 million; the TTM figure through Mar 2026 stood at $349.8 million (up 7.6% YoY), while the FY2025 annual figure was $344.1 million, up 6.43% from the prior year.
• Cost of Revenue declined to $87.1 million in Q1 2026 per COUR's latest filing, from $90.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $90.1 million in Q4 2025 and bottomed at $42.8 million in Q1 2022.
• Historically, Cost of Revenue has averaged $73.7 million across 5 years, with a median of $79.9 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 68.51% — and 2024, when it retreated 2.88%.
• Coursera's Cost of Revenue stood at $54.3 million in 2022, then jumped by 46.5% to $79.6 million in 2023, then advanced by 5.21% to $83.7 million in 2024, then gained by 7.65% to $90.1 million in 2025, then declined by 3.33% to $87.1 million in 2026.
• Business Quant data shows COUR's Cost of Revenue at $87.1 million in Q1 2026, $90.1 million in Q4 2025, and $88.2 million in Q3 2025.