v3.26.1
BUSINESS COMBINATION (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisition Date Fair Value of the Estimated Merger Consideration
The acquisition date fair value of the Merger consideration was $673.6 million, which was comprised of the following:

Shares of Coursera common stock issued as share consideration(1)
116.6 
Price per share of Coursera common stock
$5.66 
Fair value of Coursera common stock issued to holders of Udemy common stock$660.1 
Fair value of Coursera common stock issued to holders of Udemy stock options
0.7 
Fair value of Coursera common stock issued to holders of Udemy board of director restricted stock units
1.4 
Fair value of replacement equity awards attributable to pre-combination services
11.4 
Total Merger consideration$673.6 
(1) Excludes 0.7 million shares of Coursera common stock issued as restricted stock awards subject to future service conditions, for which unrecognized stock-based compensation expense was immaterial, and 0.3 million shares of Coursera common stock issued in exchange for then outstanding Udemy stock options and restricted stock units held by then members of Udemy’s board of directors.
Schedule of Allocation of the Merger Consideration to Tangible and Intangible Assets Acquired and Liabilities Assumed on Acquisition Date
The allocation of the Merger consideration to tangible and intangible assets acquired and liabilities assumed on the Closing Date is based on estimated fair values and is as follows:

Assets Acquired
Cash and cash equivalents$212.5 
Marketable securities109.8 
Accounts receivable97.4 
Deferred costs
0.6 
Prepaid expenses and other current assets31.0 
Property, equipment, and software6.1 
Intangible assets417.1 
Other assets20.9 
Total assets acquired895.4 
Liabilities Assumed
Content liabilities20.2 
Other accounts payable and accrued expenses24.7 
Accrued compensation and benefits23.4 
Other current liabilities17.2 
Deferred revenue314.4 
Other liabilities4.6 
Total liabilities assumed404.5 
Net assets acquired490.9 
Goodwill$182.7 
Total Merger consideration
$673.6 
Schedule of Valuation of the Intangible Assets Acquired Along with their Estimated Useful Lives
The valuation of the intangible assets acquired along with their estimated useful lives, is as follows:
Estimated Fair ValueEstimated Useful Lives (in years)
Trade name$15.0 4
Developed technology102.2 3
Customer relationships(1)
164.5 
3 - 6
Content creator relationships135.4 4
Estimated fair values of acquired intangible assets$417.1 4
(1) Customer relationships is comprised of two components: (1) an Enterprise customer relationship asset with a valuation of $155.3 million and an estimated useful life of 6 years, and (2) a Consumer customer relationship asset with a valuation of $9.2 million and an estimated useful life of 3 years.
Schedule of Business Combination, Pro Forma Information
The following unaudited pro forma financial information presents our combined results of operations for the periods presented, as if the Merger had occurred on January 1, 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$381.4 $387.0 $768.6 $766.6 
Net loss$(26.7)$(20.8)$(71.1)$(173.5)