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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

In 2021, edX was acquired by 2U for $800M, stopped being a nonprofit, and the 2U integration has begun.

Udemy has had its fourth leadership send-off this year. Chief Marketing Officer Genefa Murphy has resigned 2.5 years into her tenure to pursue other opportunities. This is after CEO Greg Brown’s exit in March 2025 after serving just two years CTO Eren Bali’s replacement in June 2025 CPO Prasad Raje’s transition out of his role (started October 2024 and ended in March 2025) Now it’s CMO Murphy. She was hired in July 2023, when Udemy’s Enterprise revenue was more than half of the total revenue